Please note that the information you are viewing is
140 months old and may not represent the prices currently charged.
If you represent this MFI and wish to update your information,
click HERE
Institution
Data approved: 2012-12-04
Data version: 2
Age of data: 140 months
Key Statistics
Outstanding portfolio (MWK) | MWK 5,770,737.99 |
Portfolio (USD) | USD 14,796.76 |
Active Clients with Loans | 255 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 80% - 100% |
Methodology
Individual | |
Solidarity group | |
Village banking | x |
Self help group | |
Other | |
Description
CCODE pays the water supply institution on behalf of the beneficiary (Household) and the beneficiary repays the loan in installments
Loan Purpose
Any purpose | |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | water supply |
Other (2) | |
Included Services
Credit education | |
Group meetings | |
Credit insurance | |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services | x |
Eligibility
Men | x |
Women | x |
Must run a business | |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Other | Residents from the peri urban areas |
Other (2) | |
Portfolio Size by Product
Geographic Coverage
# Regions for this institution | 17 |
# Regions for this product | 1 |
Regions Active | Blantyre |
Loan Conditions
Loan Amount
Currency | MWK |
Minimum loan size | MWK 18,000 |
Maximum loan size | 120,000 |
Distribution at Disbursement (Est.)
Loans less than MWK 50,000 | 10% |
MWK 50,000-150,000 | 90% |
MWK 150,000-250,000 | 0 |
MWK 250,000-350,000 | 0 |
MWK 350,000-450,000 | 0 |
Greater than MWK 450,000 | 0 |
Loan Term and Grace Period
Shortest loan term | 24.0 months |
Longest loan term | 24.0 months |
Approx average | 24.0 months |
Distribution at Disbursement (Est.)
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 0 |
Between 13 and 18 months | 0 |
Longer than 18 months | 100% |
Grace Period
Grace period usage | 0 |
Average grace period | 0 |
Repayment Frequency
Daily | |
Weekly | |
Every 2 weeks | |
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 | 1.00% |
Highest quoted nominal interest | 1.00% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Upfront Fees
This product has no upfront feesOngoing Fees
This product has no ongoing feesUpfront Insurance Fees
This product has no upfront insurance feesOngoing 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 | 10.00% |
or, Fixed-amount deposited | N/A |
Deposits DURING period payments
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
Conditions on access to deposit | Access During |
Interest Paid on Deposit
Minimum interest rate paid | N/A |
Maximum interest rate paid | N/A |
Interest payment frequency | N/A |
Taxes
Are taxes charged on this product? | No |
Additional Comments
Client pays 10% cash deposit on the day they sign a loan contract. This cash is repaid to the client on the loan disbursement day.
Full Pricing Data
Water Loan samples
| Sample 1 | | Sample 2 | | Sample 3 |
---|
Loan Amount | MWK 36,996.70 | | MWK 31,160 | | MWK 101,500 |
Loan Cycle (1, 2, 3, etc) | Not Known | | Not Known | | Not Known |
Disbursement Date | 2012-05-01 | | 2012-02-01 | | 2012-02-01 |
Loan Term (Months) | 24.0 months | | 24.0 months | | 24.0 months |
Grace Period (Months) | -1.0 months | | -1.0 months | | -1.0 months |
Total Cost of Credit | MWK 3,948.28 | | MWK 3,325.39 | | MWK 10,832.06 |
True Price by Comp | | | | | |
Interest price component | 10.9% | | 11.0% | | 11.0% |
Fee Component | 0.0% | | 0.0% | | 0.0% |
Insurance Component | 0.0% | | 0.0% | | 0.0% |
Tax Component | 0.0% | | 0.0% | | 0.0% |
Deposit Component | 0.0% | | 0.0% | | 0.0% |
Full APR (int fee ins tax dep) | 10.9% | | 11.0% | | 11.0% |
Transparency Index | 100 | | 100 | | 100 |
| | | | | |
Original Repayment Schedule | PDF | | PDF | | PDF |
MFT Pricing Calculation | PDF | | PDF | | PDF |
Please note that the information you are viewing is
136 months old and may not represent the prices currently charged.
If you represent this MFI and wish to update your information,
click HERE
Institution
Data approved: 2013-01-18
Data version: 1
Age of data: 136 months
Institution Type | Non Bank Financial Institution |
Is this institution regulated? | Yes |
Website address | http://www.muthoot.com, www.muthoot.com/mmm |
Year established | 1997 |
Head of Institution | Thomas Muthoot |
Regions active | Gujarat, Karnataka, Kerala, Tamil Nadu |
# Branches | 135 |
Total Portfolio (nat'l) | INR 2,601,408,238 |
Total Portfolio (USD) | USD 49,083,174.30 |
Active clients with loans | 331,892 |
Approximate % female clients | 100% |
Approximate % urban clients | 0% - 20% |
Network affiliations | MFIN, Kerala Association of Microfinance Institutions |
331,892 Borrowers
USD 49,083,174.30 Portfolio
Active Product
Loan Products » Conditions
Product Name |
|
Loan Size Range |
|
Loan Term (months) |
|
% Female |
|
% Urban |
|
Loan Purpose |
|
Eligibility |
|
Other Services |
Muthoot Mahila Mitra |
|
INR 10,000 - 20,000 |
|
12 |
|
100% |
|
0% - 20% |
|
Business |
|
Women |
|
|
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 |
Muthoot Mahila Mitra |
|
25.8% - 26.6% |
|
26.9% - 28.7% |
|
27.5% - 29.8% |
|
Yes |
|
Yes |
|
Yes |
|
100 |
Loan Products » Pricing Information
Product Name |
|
Annual Nominal Interest |
|
Fees |
|
Insurance |
|
Taxes |
|
Compulsory Deposit |
|
APR (int+fee) |
|
Full APR |
|
Transparency Index |
Muthoot Mahila Mitra |
|
26.0% annual, Decl Bal |
|
1 Fee |
|
1 Ins |
|
12.36% fees |
|
N/A |
|
26.9% - 28.7% |
|
27.5% - 29.8% |
|
90 |