Institution Type | Non-Governmental Organization |
Is this institution regulated? | N/A |
Website address | N/A |
Year established | 2003 |
Head of Institution | SIKU NKHOMA |
Regions active | 0 |
# Branches | 1 |
Total Portfolio (nat'l) | MWK 110,429,000 |
Total Portfolio (USD) | USD 736,193.33 |
Active clients with loans | 2,422 |
Approximate % female clients | 80% - 100% |
Approximate % urban clients | 60% - 80% |
Network affiliations | SLUM DWELLERS INTERNATIONAL, MALAWI MICRO FINANCE NETWORK, MALAWI HOMELESS PEOPLE'S FEDERATION |
Funders | SLUM DWELLERS INTERNATIONAL, HOMELESS INTERNATIONAL, AFRICAN DEVELOPMENT BANK, WASTE |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Business Loan | MWK 10,000 - 30,000 | 1 - 6 | 80% - 100% | 80% - 100% | ||||||||||
Home Improvement Loan | MWK 20,000 - 80,000 | 1 - 24 | 80% - 100% | 80% - 100% | ||||||||||
Home Loan | MWK 100,000 - 250,000 | 1 - 96 | 80% - 100% | 80% - 100% | ||||||||||
Sanitation Loan | MWK 25,000 - 40,000 | 24 | 80% - 100% | 80% - 100% |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Business Loan | 24.00% annual, Decl Bal | 0 Fees | 0 Ins | N/A | 17% - 17.2% | 17% - 17.2% | ||||||||||
Home Improvement Loan | 12.00% annual, Decl Bal | 0 Fees | 0 Ins | N/A | 15.6% - 16.8% | 15.6% - 16.8% | ||||||||||
Home Loan | 12.00% annual, Decl Bal | 0 Fees | 0 Ins | N/A | 11.3% - 11.7% | 11.3% - 11.7% | ||||||||||
Sanitation Loan | 12.00% annual, Decl Bal | 0 Fees | 0 Ins | N/A | 16.1% - 16.8% | 16.1% - 16.8% |
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Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
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