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

Payroll Loan Product 4 of 4 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (MWK)MWK 513,157,530
Portfolio (USD)USD 1,315,788.54
Active Clients with Loans3,548
Approximate % Female Clients20% - 40%
Approximate % Urban Clients40% - 60%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Given to employees of various organisations who would like to borrow and repay through their salary.
Loan Purpose
Any purposex
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a business
Must own a home or land
Must be a salaried workerx
Must be specific age group
OtherAge must be above 18 years
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 15,000
Maximum loan size4,000,000
Distribution at Disbursement (Est.)
Loans less than MWK 50,00010%
MWK 50,000-150,00020%
MWK 150,000-250,00020%
MWK 250,000-350,00020%
MWK 350,000-450,00010%
Greater than MWK 450,00010%
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term48.0 months
Approx average12.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months10%
Between 7 and 9 months10%
Between 10 and 12 months20%
Between 13 and 18 months20%
Longer than 18 months40%
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 interest45.00%
Highest quoted nominal interest45.00%
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min3.00%
% of loan amount - max3.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/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 forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Full Pricing Data

Payroll Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountMWK 20,000MWK 50,000MWK 100,000MWK 200,000MWK 400,000MWK 950,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2012-08-092012-10-232012-10-262012-09-252012-10-232012-12-05
Loan Term (Months)7.0 months12.0 months25.0 months24.0 months25.0 months48.0 months
Grace Period (Months)0.9 months0.4 months0.3 months1.9 months0.4 months-1.0 months
Total Cost of CreditMWK 3,471.47MWK 13,075.70MWK 48,626.69MWK 92,912.55MWK 196,246.98MWK 951,640.99
True Price by Comp           
Interest price component37.1%37.3%37.3%31.9%37.4%39.9%
Fee Component8.6%5.7%3.2%2.8%3.2%2.1%
Insurance Component0.0%0.0%0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)45.7%43.0%40.5%34.7%40.6%42.0%
Transparency Index99100100100100100
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF
Payroll Loan Price Graphs


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  2. Grameen Koota
Please note that the information you are viewing is 141 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Grameen Financial Services Pvt. Ltd. (Grameen Koota) AvalahaliJP Nagar-9th PhaseBanglore, Karnataka560062
Data approved: 2013-05-14
Data version: 3
Age of data: 141 months
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Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addresshttp://www.gfspl.in/
Year established1999
Head of InstitutionSuresh K. Krishna
Regions activeKarnataka, Maharashtra, Tamil Nadu
# Branches161

Total Portfolio (nat'l)INR 5,238,988,264
Total Portfolio (USD)USD 98,848,835.17
Active clients with loans592,113
Approximate % female clients80% - 100%
Approximate % urban clients20% - 40%
Network affiliationsSa-dhan, AKMI, MFIN

Loan Products » Summary

Emergency
146,981 Borrowers
USD 1,763,074.96 Portfolio
Active Product
Water Conn
11,223 Borrowers
USD 930,758.17 Portfolio
Active Product
IGL-Pragati
161,167 Borrowers
USD 18,925,320.75 Portfolio
Active Product
IGL-Pragati+
172,656 Borrowers
USD 56,339,632.11 Portfolio
Active Product
Sanitation
19,713 Borrowers
USD 3,173,775.72 Portfolio
Active Product
PureIT
4,971 Borrowers
USD 205,886.92 Portfolio
Active Product
Niwas
356 Borrowers
USD 157,556.98 Portfolio
Active Product
Stove Loan
1,236 Borrowers
USD 24,253.34 Portfolio
Active Product
Swavalamban
8,301 Borrowers
USD 146,243.40 Portfolio
Active Product
Education
22,097 Borrowers
USD 523,435.42 Portfolio
Active Product
Medical
271 Borrowers
USD 8,536.45 Portfolio
Active Product
Festival
16,639 Borrowers
USD 346,955.09 Portfolio
Active Product
Pragati
18,162 Borrowers
USD 1,003,256.47 Portfolio
Active Product
Arogya
2,875 Borrowers
USD 6,914.02 Portfolio
Active Product
Home
0 Borrowers
Portfolio
Low Volume Product
General Loan
Retired Product
Income Generating Loan
Retired Product
Individual Loan
Retired Product
Individual Loan (Offered by "Maarg" Division of GFS)
Retired Product
Siksha Loan
Retired Product
Supplementary Loan
Retired Product
Supplementary Loan 2
Retired Product
Water and Sanitation Loan
Retired Product
Note: MFTransparency presents full data for active products with over 50 borrowers. Basic data is shown for lower volume products

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Emergency Loan INR 1,000 - 1,000 2.56 - 2.79 100% 20% - 40% Any Purpose Women, Low HH Inc, Med HH Inc, Member should have running IGL Pragati or IGL Pragati Plus or Water or Sanitation loan Credit Educ, Group Mtgs, Jagruthi- Client Education Series, Socio-Economic Development Workshop
Water Connection Loan INR 5,000 - 5,000 12.1 - 24.19 100% 20% - 40% Housing, For taking water connection Women, Have home or land, Low HH Inc, Med HH Inc Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Jagruthi- Client Education Series, Socio-Economic Development Workshop
IGL-Pragati INR 5,000 - 15,000 12 80% - 100% 0% - 20% Business Women
IGL-Pragati Plus INR 15,000 - 25,000 24 - 24.19 100% 20% - 40% Business Women, Low HH Inc, Med HH Inc Credit Educ, Group Mtgs, Credit Ins, Jagruthi- Client Education Series, Socio-Economic Development Workshop
Sanitation Loan INR 7,000 - 10,000 24 - 24.19 100% 20% - 40% Housing, For construction of toilets Women, Low HH Inc, Med HH Inc, Proof of ownership of the house where sanitation structure is to be erected must be provided. House ownership can be in the name of member or spouse or member's father/mother/father-in-law/mother-in-law. Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Jagruthi- Client Education Series, Socio-Economic Development Workshop
Water Loan-PureIT INR 2,950 - 2,950 12 - 12.1 100% 20% - 40% Consumer, To Purchase Water Purifier Women, Low HH Inc, Med HH Inc Credit Educ, Group Mtgs, Credit Ins, Jagruthi- Client Education Series, Socio-Economic Development Workshop
Grameen Niwas INR 1,000 - 25,000 24.19 - 48.37 100% 20% - 40% Housing Women, Have home or land, Low HH Inc, Med HH Inc, All active members applying for this loan should have successfully completed 2 loan cycles of IGL Pragati/Pragati Plus loan. Credit Educ, Group Mtgs, Credit Ins, Jagruthi- Client Education Series, Socio-Economic Development Workshop
GGI Cook Stove Loan INR 1,250 - 1,250 5.6 100% 20% - 40% Consumer Women, Low HH Inc, Med HH Inc Credit Educ, Group Mtgs, Jagruthi- Client Education Series, Socio-Economic Development Workshop
Swavalamban Loan INR 1,000 - 1,000 2.56 - 2.79 100% 20% - 40% For Pension fund Investment for future saving Women, Low HH Inc, Med HH Inc, Member must have running IGL Pragati/ Pragati Plus / Water or Sanitation loans Credit Educ, Group Mtgs, Jagruthi- Client Education Series, Socio-Economic Development Workshop
Education Loan INR 5,000 - 5,000 11.63 - 12.1 100% 20% - 40% Education Women, Low HH Inc, Med HH Inc, The member must have availed IGL-Pragati at least once.New members eligible after 6 months from the date of becoming the member Credit Educ, Group Mtgs, Credit Ins, Jagruthi- Client Education Series, Socio-Economic Development Workshop
Medical Loan INR 500 - 2,000 5.58 - 5.6 100% 0% - 20% Other, For meeting medical expenses Women, Low HH Inc, Med HH Inc Credit Educ, Group Mtgs, Credit Ins, Jagruthi- Client Education Series, Socio-Economic Development Workshop
Festival Loan INR 2,000 - 2,000 5.6 100% 20% - 40% Consumer, Other, To meet the expenses of the festival Women, Low HH Inc, Med HH Inc Credit Educ, Group Mtgs, Credit Ins, Jagruthi- Client Education Series, Socio-Economic Development Workshop
Pragati Supplement INR 5,000 - 5,000 5.58 100% 40% - 60% Business Women, Low HH Inc, Med HH Inc, This loan can be availed after 25 weeks of prompt repayment of Pragati/Pragati plus loan installments and should have at least 12 weeks of remaining repayment period, IGL-Pragati/Pragati Plus borrowers Credit Educ, Group Mtgs, Credit Ins, Jagruthi- Client Education Series, Socio-Economic Development Workshop
Arogya Loan INR 500 - 1,000 2.56 - 2.79 100% 20% - 40% Other Women, Low HH Inc, Med HH Inc, Member must have running IGL Pragati/ Pragati Plus / Water or Sanitation loans., The member who opts for healthcare services under SNDPAP scheme is eligible for the loan. Credit Educ, Group Mtgs, Jagruthi- Client Education Series, Socio-Economic Development Workshop

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
Emergency Loan 24.5% - 34% 32.9% - 45.6% 33.9% - 47.1% Yes Yes NA 89
Water Connection Loan 22.1% 24.2% 27.6% Yes Yes Yes 100
IGL-Pragati 26% - 26.1% 28% - 28.2% 36.4% - 45.1% Yes Yes Yes 100
IGL-Pragati Plus 26% 27.1% 31.5% Yes Yes Yes 100
Sanitation Loan 22% 23.1% 26.6% Yes Yes Yes 100
Water Loan-PureIT 24% 26.1% 27.4% Yes Yes Yes 100
Grameen Niwas 21.8% - 22% 22.9% - 23.1% 24% - 24.3% Yes Yes Yes 100
GGI Cook Stove Loan 24.2% 28.3% 28.9% Yes Yes NA 99
Swavalamban Loan 24.5% 32.9% 33.9% Yes Yes NA 98
Education Loan 22.1% 24.2% 27.6% Yes Yes Yes 100
Medical Loan 22.2% 26.4% 33.4% Yes Yes Yes 99
Festival Loan 22.2% 26.4% 33.4% Yes Yes Yes 99
Pragati Supplement 26% 30.1% 37.1% Yes Yes Yes 100
Arogya Loan 22.6% - 22.9% 30.9% - 31.1% 31.9% - 32.1% Yes Yes NA 97
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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
Emergency Loan 24.0% annual, Decl Bal 1 Fee 0 Ins 12.36% fees N/A 32.9% - 45.6% 33.9% - 47.1% 64
Water Connection Loan 22.0% annual, Decl Bal 1 Fee 1 Ins 12.36% fees N/A 24.2% 27.6% 80
IGL-Pragati 26.0% annual, Decl Bal 1 Fee 1 Ins 12.36% fees N/A 28% - 28.2% 36.4% - 45.1% 64
IGL-Pragati Plus 26.0% annual, Decl Bal 1 Fee 1 Ins 12.36% fees N/A 27.1% 31.5% 83
Sanitation Loan 22.0% annual, Decl Bal 1 Fee 1 Ins 12.36% fees N/A 23.1% 26.6% 83
Water Loan-PureIT 24.0% annual, Decl Bal 1 Fee 1 Ins 12.36% fees N/A 26.1% 27.4% 87
Grameen Niwas 22.0% annual, Decl Bal 1 Fee 1 Ins 12.36% fees N/A 22.9% - 23.1% 24% - 24.3% 91
GGI Cook Stove Loan 24.0% annual, Decl Bal 1 Fee 0 Ins 12.36% fees N/A 28.3% 28.9% 83
Swavalamban Loan 24.0% annual, Decl Bal 1 Fee 0 Ins 12.36% fees N/A 32.9% 33.9% 71
Education Loan 22.0% annual, Decl Bal 1 Fee 1 Ins 12.36% fees N/A 24.2% 27.6% 80
Medical Loan 22.0% annual, Decl Bal 1 Fee 1 Ins 12.36% fees N/A 26.4% 33.4% 66
Festival Loan 22.0% annual, Decl Bal 1 Fee 1 Ins 12.36% fees N/A 26.4% 33.4% 66
Pragati Supplement 26.0% annual, Decl Bal 1 Fee 1 Ins 12.36% fees N/A 30.1% 37.1% 70
Arogya Loan 22.0% annual, Decl Bal 1 Fee 0 Ins 12.36% fees N/A 30.9% - 31.1% 31.9% - 32.1% 69
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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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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