2. OIBM
Please note that the information you are viewing is 143 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Opportunity Bank of Malawi Private Bag A71Lilongwe, Central
Data approved: 2012-11-29
Data version: 2
Age of data: 143 months
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Product

Mzati (Individual) Loan Product 3 of 4 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (MWK)MWK 650,679,509
Portfolio (USD)USD 1,668,409
Active Clients with Loans2,306
Approximate % Female Clients40% - 60%
Approximate % Urban Clients40% - 60%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
For individual micro entrepreneurs who aspire to grow and tranform their business and their families through microcredit. Individuals can choose to repay over a 12-month period with monthly installments.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetings
Credit insurancex
Workplace visits
Business trainingx
Other trainingx
OtherSocial Issues Training (HIV/AIDS, Gender, Vision Building),
Other (2)Mthunzi (Shelter) Insurance
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or landx
Must be a salaried worker
Must be specific age group
OtherMust have assets as collateral
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution16
# Regions for this product19
Regions ActiveDedza, Dowa, Kasungu, Lilongwe, Mchinji, Nkhotakota, Salima, ChitipaKaronga, Mzimba, Nkhata Bay, Rumphi, Blantyre, ChikwawaMangochi, Mulanje, Nsanje, Thyolo, Zomba

Loan Conditions

Loan Amount
CurrencyMWK
Minimum loan sizeMWK 50,000
Maximum loan size1,000,000
Distribution at Disbursement (Est.)
Loans less than MWK 50,0000
MWK 50,000-150,00010%
MWK 150,000-250,00020%
MWK 250,000-350,00020%
MWK 350,000-450,00020%
Greater than MWK 450,00020%
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term12.0 months
Approx average8.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months20%
Between 7 and 9 months40%
Between 10 and 12 months40%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage30%
Average grace period1.0 month
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest3.50%
Highest quoted nominal interest3.50%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionProcessing FeeLegal Fee
% of loan amount - min3.50%0
% of loan amount - max3.50%0
OR, Fixed amount - min0250
Fixed amount - max0250
Reason for variationN/AN/A
Appears on Repayment Sched?NoNo
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionMthunzi Insurance Cover
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min937.80
Fixed amount - max937.80
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?No
Deposit BEFORE or AT Disbursement
% loan amount deposited15.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid7.00%
Maximum interest rate paid7.00%
Interest payment frequencyMonthly
Taxes
Are taxes charged on this product?No

Full Pricing Data

Mzati (Individual) Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountMWK 40,000MWK 100,000MWK 150,000MWK 200,000MWK 500,000MWK 600,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2012-11-052012-10-292012-10-292012-10-302012-12-032012-10-11
Loan Term (Months)5.2 months11.0 months11.0 months11.0 months12.0 months13.0 months
Grace Period (Months)0.2 months0.4 months0.4 months0.4 months0.3 months1.0 month
Total Cost of CreditMWK 11,693.11MWK 41,091.52MWK 61,012.21MWK 86,513.83MWK 242,720.11MWK 307,233.86
True Price by Comp           
Interest price component63.7%65.9%65.9%65.7%67.3%62.9%
Fee Component47.8%10.9%9.9%15.6%8.2%7.1%
Insurance Component0.0%0.0%0.0%0.0%3.7%3.2%
Tax Component0.0%0.0%0.0%0.0%0.0%0.0%
Deposit Component33.0%21.5%21.2%23.0%22.4%19.1%
Full APR (int fee ins tax dep)144.5%98.3%97.0%104.3%101.6%92.3%
Transparency Index294343404145
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF
Mzati (Individual) Loan Price Graphs


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  2. Asmitha
Please note that the information you are viewing is 139 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Asmitha Microfin Limited 1-2-58, Plot No. 1-3N Block, Kakatiya Nagar, HabsigudaHyderabad, Andhra pradeshPO Box 500 007
Data approved: 2013-04-02
Data version: 2
Age of data: 139 months
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Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addresshttp://www.asmithamicrofin.com/
Year established2001
Head of InstitutionDr. Vidya Sravanthi
Regions activeAndhra Pradesh, Bihar, Chhattisgarh, Goa, GujaratJharkhand, Karnataka, Madhya Pradesh, Maharashtra, Orissa, Rajasthan, Tamil Nadu, Uttar Pradesh, West Bengal
# Branches509

Total Portfolio (nat'l)INR 12,057,425,495
Total Portfolio (USD)USD 227,498,594.20
Active clients with loans1,136,100
Approximate % female clients80% - 100%
Approximate % urban clients0% - 20%
Network affiliationsSa-Dhan, MFIN, AKMI, MIX Market

Loan Products » Summary

JGL Loan
1,114,873 Borrowers
USD 217,867,130.60 Portfolio
Active Product
Micro Enterprise Loan
Retired Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Joint Laibility Group Loan (JLG Loan) INR 14,999 - 35,000 12 - 24 80% - 100% 0% - 20% Business Women, Have business, Have home or land, Low HH Inc, Med HH Inc, Rural HH, Urban HH Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Other Training, National Pension Scheme collabaration with LIC.

Loan Products » MFIN India Additional Information

Product Name APR (int) MFIN MFI Earning (Annualised) MFIN Cost to Borrower (Annualised) COMPLIANCE WITH RBI GUIDELINES ON INTEREST METHOD COMPLIANCE WITH RBI GUIDELINES ON PROCESSING FEES COMPLIANCE WITH RBI GUIDELINES ON INSURANCE PREMIUM MFIN Transparency Index
Joint Laibility Group Loan (JLG Loan) 25.7% - 26% 26.8% - 28.1% 29.3% - 30.5% Yes Yes Yes 92
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Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Joint Laibility Group Loan (JLG Loan) 24.0%-26.0% annual, Decl Bal 1 Fee 1 Ins 12.36% fees N/A 26.8% - 28.1% 29.3% - 30.5% 80
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% Products with one or more fee
% Products with one or more insurances
% Products with compulsory deposits
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