Opportunity Bank of Malawi - Masiko (Group) Loan - MFTransparency.org Truth In Lending Tables

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Institution

Opportunity Bank of Malawi Private Bag A71Lilongwe, Central

Data approved: 2012-11-29

Data version: 2

Age of data: 147 months

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Product

Masiko (Group) Loan Product 2 of 4 « Prev | Next »

Product Details

Key Statistics

Outstanding portfolio (MWK)	MWK 635,069,330
Portfolio (USD)	USD 1,628,382.90
Active Clients with Loans	34,795
Approximate % Female Clients	40% - 60%
Approximate % Urban Clients	20% - 40%

Methodology

Individual
Solidarity group	x
Village banking
Self help group
Other

Description

Group loans are given to s running small businesses. Group members self-select and come from the same area. The loan is secured by the group's mutual guarantee. Members get transformation lessons as a benefit.

Loan Purpose

Any purpose
Income generation	x
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)

Included Services

Credit education	x
Group meetings	x
Credit insurance	x
Workplace visits
Business training	x
Other training
Other
Other (2)
No other services

Eligibility

Men	x
Women	x
Must run a business	x
Must own a home or land
Must be a salaried worker
Must be specific age group
Other
Other (2)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	16
# Regions for this product	18
Regions Active	Dedza, Dowa, Kasungu, Lilongwe, Mchinji, Nkhotakota, Salima, ChitipaKaronga, Mzimba, Nkhata Bay, Rumphi, Blantyre, ChikwawaMangochi, Nsanje, Thyolo, Zomba

Loan Conditions

Loan Amount

Currency	MWK
Minimum loan size	MWK 140,000
Maximum loan size	2,800,000

Distribution at Disbursement (Est.)

Loans less than MWK 50,000	0
MWK 50,000-150,000	5%
MWK 150,000-250,000	30%
MWK 250,000-350,000	30%
MWK 350,000-450,000	15%
Greater than MWK 450,000	15%

Loan Term and Grace Period

Shortest loan term	4.0 months
Longest loan term	9.0 months
Approx average	6.0 months

Distribution at Disbursement (Est.)

Loans 3 months or less	0
Between 4 and 6 months	50%
Between 7 and 9 months	50%
Between 10 and 12 months	0
Between 13 and 18 months	0
Longer than 18 months	0

Grace Period

Grace period usage	30%
Average grace period	1.0 month

Repayment Frequency

Daily
Weekly
Every 2 weeks	x
Every 4 weeks
Monthly	x
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest

Lowest quoted nominal interest	3.75%
Highest quoted nominal interest	3.75%
Interest rate period	4 Weeks
Interest Rate Calculation Method	Flat
Subsidized by funder request?	No
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1
Description	Processing Fee
% of loan amount - min	3.50%
% of loan amount - max	3.50%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	N/A
Appears on Repayment Sched?	Yes

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

This product has no upfront insurance fees

Ongoing Insurance Fees

This product has no ongoing insurance fees

Compulsory Deposit

Required for	All
Criteria	N/A
Is deposit indicated on the repayment schedule?	No
Do borrowers control deposit in their group?	No

Deposit BEFORE or AT Disbursement

% loan amount deposited	15.00%
or, Fixed-amount deposited	0

Deposits DURING period payments

% loan amount deposited	0
or, Fixed-amount deposited	0
Conditions on access to deposit	End Term

Interest Paid on Deposit

Minimum interest rate paid	7.00%
Maximum interest rate paid	7.00%
Interest payment frequency	Monthly

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Full Pricing Data

Masiko (Group) Loan samples

	Sample 1	Sample 2	Sample 3	Sample 4
Loan Amount	MWK 170,000	MWK 230,000	MWK 390,000	MWK 830,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known	Not Known
Disbursement Date	2012-11-14	2012-10-16	2012-10-18	2012-10-11
Loan Term (Months)	5.9 months	7.0 months	9.0 months	6.0 months
Grace Period (Months)	0.9 months	0.9 months	0.8 months	1.0 month
Total Cost of Credit	MWK 43,019.75	MWK 66,687.60	MWK 140,969.58	MWK 214,035.80
True Price by Comp
Interest price component	62.4%	64.4%	65.9%	61.4%
Fee Component	11.5%	10.3%	8.5%	11.1%
Insurance Component	0.0%	0.0%	0.0%	0.0%
Tax Component	0.0%	0.0%	0.0%	0.0%
Deposit Component	18.7%	19.4%	19.5%	18.0%
Full APR (int fee ins tax dep)	92.6%	94.1%	93.9%	90.5%
Transparency Index	53	52	52	54

Original Repayment Schedule	PDF	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF	PDF

Masiko (Group) Loan Price Graphs

Loan Size/

Loan Term/

Custom

Click to view Price Analysis Tool

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
1st Valley Bank	38,900	48,291,000	3	163
AJDFI	13,100	884,000	6	163
ARDCI	44,600	9,403,000	1	163
ASA Philippines	333,400	29,282,000	1	163
ASHI	35,400	5,231,000	6	163
ASKI	60,000	15,247,000	4	163
Bangko Kabayan	8,900	2,373,000	2	163
BSEI	600	73,000	2	163
CBI	8,100	2,010,000	5	163
CCT	70,300	9,504,000	4	163
CEV	35,400	5,111,000	4	163
DSPI	59,300	3,676,000	3	163
ECLOF	5,400	1,836,000	4	163
FCB	12,000	2,392,000	2	163
FMB	2,700	710,000	2	163
GM Bank	23,500	1,553,000	3	163
HSPFI	19,100	1,899,000	2	163
JVOFI	1,300	281,000	1	163
Katipunan Bank	42,100	5,325,000	2	163
KDCI	20,500	2,095,000	3	163
KGI	32,300	3,421,000	4	163
KMBI	245,000	15,098,000	1	163
LTMPC	37,400	8,935,000	3	163
Mallig Plains	6,500	641,000	2	163
MILAMDEC	29,800	3,278,000	2	163
MWIMPC	11,800	1,740,000	4	162
NWTF	105,500	12,698,000	5	163
OFMPC	4,400	964,000	1	163
PBC	50,700	10,434,000	4	163
PCSD	700	167,000	1	163
PMPC	23,500	5,565,000	8	163
RB Angeles	900	1,502,000	2	163
RB Labason	500	289,000	1	163
RBLI	5,200	1,026,000	2	163
RBMI	11,900	1,750,000	2	163
RMB	100	173,000	1	163
RSPI	39,600	2,834,000	4	163
SAFRAGEMC	1,100	229,000	1	163
Salve	10,900	1,191,000	3	163
SEDP	27,000	3,914,000	3	163
TSKI	212,900	25,187,000	2	163
TSPI	264,500	31,290,000	7	163
Valient	1,700	672,000	2	163

Key Statistics
# Samples:
# Products
# Institutions
# Countries
# Borrowers
Loan Portfolio (USD)
% Products using declining balance
% Products with one or more fee
% Products with one or more insurances
% Products with compulsory deposits

	X Axis
	Greater than:
	Less or equal to:
N (# of Samples)
Total Borrrowers of Samples


Avg
Min
Max
Std Dev

By Inst Type


By Country

	X Axis
	Greater than:
	Less or equal to:
	From 0 to
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Institution

Product

Product Details

Key Statistics

Methodology

Description

Loan Purpose

Included Services

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

Loan Conditions

Loan Amount

Distribution at Disbursement (Est.)

Loan Term and Grace Period

Distribution at Disbursement (Est.)

Grace Period

Repayment Frequency

Pricing Information

Interest

Upfront Fees

Ongoing Fees

Upfront Insurance Fees

Ongoing Insurance Fees

Compulsory Deposit

Deposit BEFORE or AT Disbursement

Deposits DURING period payments

Interest Paid on Deposit

Taxes

Full Pricing Data

Masiko (Group) Loan samples

Masiko (Group) Loan Price Graphs

Total Borrowers of Samples

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