Outstanding portfolio (PKR) | PKR 100,000 |
Portfolio (USD) | USD 1,020.41 |
Active Clients with Loans | 1 |
Approximate % Female Clients | 100% |
Approximate % Urban Clients | 100% |
Any purpose | |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | x |
Other household finance | |
Other | |
Other (2) |
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 | 2 |
# Regions for this product | N/A |
Regions Active |
Institution Type | Credit Union / Cooperative |
Is this institution regulated? | Yes |
Website address | N/A |
Year established | 2004 |
Head of Institution | Kingsley Mulewa |
Regions active | Lilongwe, Mchinji, Salima, Mzimba, Blantyre |
# Branches | 5 |
Total Portfolio (nat'l) | MWK 106,822,473.20 |
Total Portfolio (USD) | USD 273,903.78 |
Active clients with loans | 4,221 |
Approximate % female clients | 40% - 60% |
Approximate % urban clients | 60% - 80% |
Network affiliations | MUSCCO, MAMN |
Funders | Hivos, Cordaid, MUSSCO |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mpamba (Individual Business Loan) | MWK 6,000 - 1,500,000 | 3 - 12 | 40% - 60% | 60% - 80% | Business, Housing, Consumer, Education | Women, Men, Have business, Have home or land | Credit Educ, Credit Ins, Business Training | |||||||
Mwai wa Mayi (Female Group Loan) | MWK 5,000 - 500,000 | 6 | 80% - 100% | 60% - 80% | Business | Women, Have business | Credit Educ, Group Mtgs, Credit Ins, Business Training, Other Training | |||||||
Phindu (Group Business) | MWK 5,000 - 500,000 | 6 - 12 | 20% - 40% | 20% - 40% | Business | Women, Men, Have business, Salaried worker | Credit Educ, Group Mtgs, Credit Ins, Business Training | |||||||
Pompopompo (Emergency Loan) | MWK 1,120 - 30,000 | 2 - 5 | 40% - 60% | 80% - 100% | Other | Women, Men, Have business, Salaried worker | Credit Educ, Credit Ins | |||||||
Umphawi (Share Oriented Loan) | MWK 5,000 - 1,500,000 | 3 - 12 | 0% - 20% | 20% - 40% | Any Purpose | Women, Men, Have business, Salaried worker | ||||||||
Payroll Loan | MWK 5,000 - 1,500,000 | 3 - 12 | 20% - 40% | 40% - 60% | Any Purpose | Women, Men, Salaried worker | Credit Educ |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mpamba (Individual Business Loan) | 32.00%-42.00% annual, Flat | 1 Fee | 1 Ins | None | 50.00% upfront | 60.1% - 78.9% | 187.8% - 297% | 12 | ||||||||
Mwai wa Mayi (Female Group Loan) | 45.00% annual, Flat | 1 Fee | 1 Ins | None | 33.33% upfront | 82.1% - 82.8% | 177% - 177.8% | 25 | ||||||||
Phindu (Group Business) | 45.00% annual, Flat | 1 Fee | 1 Ins | None | 33.33% upfront | 82.3% - 83.4% | 176.4% - 179.8% | 25 | ||||||||
Pompopompo (Emergency Loan) | 36.00% annual, Flat | 1 Fee | 1 Ins | None | 50.00% upfront | 79.4% - 83.5% | 298.2% - 308.4% | 11 | ||||||||
Umphawi (Share Oriented Loan) | 42.00% annual, Flat | 1 Fee | 1 Ins | None | 50.00% upfront | 74.8% - 79% | 233.9% - 303.8% | 15 | ||||||||
Payroll Loan | 38.00% annual, Flat | 1 Fee | 1 Ins | None | 50.00% upfront | 68.8% - 74% | 223.1% - 291.3% | 16 |
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% Products with one or more insurances | |
% Products with compulsory deposits |
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