Number borrowers | 17,625 |
Loan Amount (range) | PKR 15,000 - 100,000 |
Loan Term (range) | 12 - 18 |
Other Services (text summary) | Credit Ins |
Annual Interest & Method | 20.0% annual, Flat |
Fees | 4.00% upfront |
Insurance | None |
Tax | None |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | 34.6% - 35.0% |
Fee Component | 8.0% - 8.1% |
Insurance Component | 0 |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 42.6% - 43.1% |
Transparency Index (min/max) | 46 - 47 |
Transparency Index (average) | 46 |
7,792 |
MWK 5,000 - 300,000 |
6 - 9 |
Credit Educ, Group Mtgs, Tech Asst Visits, Business Training |
48.00% annual, Flat |
2 fees |
None |
None |
20.00% upfront |
43.6% - 69.1% |
5.6% - 36.4% |
0 |
0 |
112.7% - 139.6% |
34 - 86 |
39 |
Outstanding portfolio (PKR) | PKR 320,525,436 |
Portfolio (USD) | USD 3,147,559.78 |
Active Clients with Loans | 17,625 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 60% - 80% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | |
Group meetings | |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services |
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) |
# Regions for this institution | 1 |
# Regions for this product | 1 |
Regions Active | Punjab |
Outstanding portfolio (MWK) | MWK 200,616,573.70 |
Portfolio (USD) | USD 514,401.47 |
Active Clients with Loans | 7,792 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 80% - 100% |
Individual | |
Solidarity group | x |
Village banking | x |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | Not unacceptable businesses e.g beer brewing, tobacco, charcoal. |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | |
Workplace visits | x |
Business training | x |
Other training | |
Other | |
Other (2) | |
No other services |
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) |
# Regions for this institution | 10 |
# Regions for this product | 12 |
Regions Active | Kasungu, Lilongwe, Mchinji, Ntcheu, Salima, Mzimba, Nkhata Bay, Balaka, Blantyre, Mulanje, Thyolo, Zomba |
Currency | PKR |
Minimum loan size | PKR 15,000 |
Maximum loan size | 100,000 |
Loans less than PKR 10,000 | 0 |
PKR 10,000-25,000 | 40% |
PKR 25,000-50,000 | 60% |
PKR 50,000-75,000 | 0 |
PKR 75,000-150,000 | 0 |
Greater than PKR 150,000 | 0 |
Shortest loan term | 12.0 months |
Longest loan term | 18.0 months |
Approx average | DK |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 100% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 0 |
Average grace period | 0 |
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 |
Currency | MWK |
Minimum loan size | MWK 5,000 |
Maximum loan size | 300,000 |
Loans less than MWK 50,000 | 30% |
MWK 50,000-150,000 | 60% |
MWK 150,000-250,000 | 5% |
MWK 250,000-350,000 | 5% |
MWK 350,000-450,000 | 0 |
Greater than MWK 450,000 | 0 |
Shortest loan term | 6.0 months |
Longest loan term | 9.0 months |
Approx average | 6.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 100% |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 0 |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 100% |
Average grace period | 10 days |
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 |
Lowest quoted nominal interest | 20.00% |
Highest quoted nominal interest | 20.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Loan Processing Fee |
% of loan amount - min | 4.00% |
% of loan amount - max | 4.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Required for | Never |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | N/A |
Do borrowers control deposit in their group? | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
Conditions on access to deposit | N/A |
Minimum interest rate paid | N/A |
Maximum interest rate paid | N/A |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
Lowest quoted nominal interest | 4.00% |
Highest quoted nominal interest | 4.00% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Application Fee | Registration Fee | |
% of loan amount - min | 3.00% | 0 | |
% of loan amount - max | 3.00% | 0 | |
OR, Fixed amount - min | 0 | 500 | |
Fixed amount - max | 0 | 500 | |
Reason for variation | N/A | Only for 1st-cycle loans | |
Appears on Repayment Sched? | No | No |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | No |
Do borrowers control deposit in their group? | No |
% loan amount deposited | 20.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | End Term |
Minimum interest rate paid | 0 |
Maximum interest rate paid | 0 |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
Loan Amount |
Type of Sample |
Disbursement Date |
Loan Term (Months) |
Grace Period (Months) |
Total Cost of Credit |
Full APR (int fee ins tax dep) |
True Price by Component |
Transparency Index |
Original Repayment Schedule |
MFT Pricing Calculation |
||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Interest price component |
Fee Component |
Insurance Component |
Tax Component |
Deposit Component |
||||||||||
PKR 30,000 | Real | 2015-04-21 | 12.0 months | N/A | PKR 7,200 | 43.1% | 35.0% | 8.1% | 0.0% | 0.0% | 0.0% | 46 | ||
PKR 30,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 7,216.44 | 42.6% | 34.6% | 8.0% | 0.0% | 0.0% | 0.0% | 47 | - | |
PKR 40,000 | Real | 2015-04-21 | 12.0 months | N/A | PKR 9,600 | 43.1% | 35.0% | 8.1% | 0.0% | 0.0% | 0.0% | 46 | ||
PKR 40,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 9,621.92 | 42.6% | 34.6% | 8.0% | 0.0% | 0.0% | 0.0% | 47 | - | |
PKR 15,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 3,608.22 | 42.6% | 34.6% | 8.0% | 0.0% | 0.0% | 0.0% | 47 | - | |
PKR 25,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 6,013.70 | 42.6% | 34.6% | 8.0% | 0.0% | 0.0% | 0.0% | 47 | - | |
PKR 30,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 7,216.44 | 42.6% | 34.6% | 8.0% | 0.0% | 0.0% | 0.0% | 47 | - | |
PKR 35,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 8,419.18 | 42.6% | 34.6% | 8.0% | 0.0% | 0.0% | 0.0% | 47 | - | |
PKR 45,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 10,824.66 | 42.6% | 34.6% | 8.0% | 0.0% | 0.0% | 0.0% | 47 | - | |
PKR 50,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 12,027.40 | 42.6% | 34.6% | 8.0% | 0.0% | 0.0% | 0.0% | 47 | - |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | MWK 10,000 | MWK 30,000 | MWK 50,000 | MWK 60,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2012-07-25 | 2012-09-27 | 2012-09-27 | 2012-09-13 | |||
Loan Term (Months) | 4.4 months | 4.4 months | 4.4 months | 6.0 months | |||
Grace Period (Months) | 0.4 months | 0.4 months | 0.4 months | 0.3 months | |||
Total Cost of Credit | MWK 2,400 | MWK 6,200 | MWK 10,000 | MWK 16,700 | |||
True Price by Comp | |||||||
Interest price component | 63.4% | 63.2% | 63.2% | 69.1% | |||
Fee Component | 36.4% | 20.8% | 17.7% | 12.9% | |||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 39.8% | 33.1% | 31.8% | 33.1% | |||
Full APR (int fee ins tax dep) | 139.6% | 117.1% | 112.7% | 115.1% | |||
Transparency Index | 34 | 41 | 43 | 42 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Key Statistics | |
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# 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 |
Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
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