Number borrowers | 1,197 |
Loan Amount (range) | PKR 25,000 - 150,000 |
Loan Term (range) | 3 - 6 |
Other Services (text summary) | Credit Ins |
Annual Interest & Method | 25.0% annual, Decl Bal |
Fees | 800.00-1,000.00 upfront |
Insurance | None |
Tax | 16.00% fees |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | 22.4% - 30.6% |
Fee Component | 1.0% - 13.7% |
Insurance Component | 0 |
Tax Component Range | 0.1% - 2.3% |
Full APR (int fee ins tax dep) | 25.1% - 30.0% |
Transparency Index (min/max) | 67 - 100 |
Transparency Index (average) | 95 |
2,306 |
MWK 50,000 - 1,000,000 |
3 - 12 |
Credit Educ, Credit Ins, Business Training, Other Training, Social Issues Training (HIV/AIDS, Gender, Vision Building),, Mthunzi (Shelter) Insurance |
42.00% annual, Flat |
2 fees |
938 upfront |
None |
15.00% upfront |
31.6% - 67.3% |
2.0% - 47.8% |
0 - 3.7% |
0 |
92.3% - 144.5% |
29 - 130 |
39 |
Outstanding portfolio (PKR) | PKR 126,658,375 |
Portfolio (USD) | USD 1,243,785.24 |
Active Clients with Loans | 1,197 |
Approximate % Female Clients | 0% - 20% |
Approximate % Urban Clients | 20% - 40% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | x |
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 | 6 |
# Regions for this product | 6 |
Regions Active | Azad Kashmir, Balochistan, Islambad Capital Territory, Khyber Pakhtunkwa, Punjab, Sindh |
Outstanding portfolio (MWK) | MWK 650,679,509 |
Portfolio (USD) | USD 1,668,409 |
Active Clients with Loans | 2,306 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 40% - 60% |
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 | x |
Group meetings | |
Credit insurance | x |
Workplace visits | |
Business training | x |
Other training | x |
Other | Social Issues Training (HIV/AIDS, Gender, Vision Building), |
Other (2) | Mthunzi (Shelter) Insurance |
No other services |
Men | x |
Women | x |
Must run a business | x |
Must own a home or land | x |
Must be a salaried worker | |
Must be specific age group | |
Other | Must have assets as collateral |
Other (2) |
# Regions for this institution | 16 |
# Regions for this product | 19 |
Regions Active | Dedza, Dowa, Kasungu, Lilongwe, Mchinji, Nkhotakota, Salima, ChitipaKaronga, Mzimba, Nkhata Bay, Rumphi, Blantyre, ChikwawaMangochi, Mulanje, Nsanje, Thyolo, Zomba |
Currency | PKR |
Minimum loan size | PKR 25,000 |
Maximum loan size | 150,000 |
Loans less than PKR 10,000 | 0 |
PKR 10,000-25,000 | 0 |
PKR 25,000-50,000 | 10% |
PKR 50,000-75,000 | 10% |
PKR 75,000-150,000 | 80% |
Greater than PKR 150,000 | 80% |
Shortest loan term | 3.0 months |
Longest loan term | 6.0 months |
Approx average | 0 |
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 | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | x |
Irregular payments |
Currency | MWK |
Minimum loan size | MWK 50,000 |
Maximum loan size | 1,000,000 |
Loans less than MWK 50,000 | 0 |
MWK 50,000-150,000 | 10% |
MWK 150,000-250,000 | 20% |
MWK 250,000-350,000 | 20% |
MWK 350,000-450,000 | 20% |
Greater than MWK 450,000 | 20% |
Shortest loan term | 3.0 months |
Longest loan term | 12.0 months |
Approx average | 8.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 20% |
Between 7 and 9 months | 40% |
Between 10 and 12 months | 40% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 30% |
Average grace period | 1.0 month |
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 | 25.00% |
Highest quoted nominal interest | 25.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Processeng Fee |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 800 |
Fixed amount - max | 1,000 |
Reason for variation | Loan <= PKR 30,000 = PKR 800 , Loan > PKR 30,000 = PKR 1000 |
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? | Yes |
Percentage of fees | 16% |
All or some fees taxed | Some |
Lowest quoted nominal interest | 3.50% |
Highest quoted nominal interest | 3.50% |
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 | Processing Fee | Legal Fee | |
% of loan amount - min | 3.50% | 0 | |
% of loan amount - max | 3.50% | 0 | |
OR, Fixed amount - min | 0 | 250 | |
Fixed amount - max | 0 | 250 | |
Reason for variation | N/A | N/A | |
Appears on Repayment Sched? | No | No |
Ins 1 | |
---|---|
Description | Mthunzi Insurance Cover |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 937.80 |
Fixed amount - max | 937.80 |
Reason for variation | N/A |
Appears on Repayment Sched? | 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 | 15.00% |
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 | 7.00% |
Maximum interest rate paid | 7.00% |
Interest payment frequency | Monthly |
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 | Generated | 2015-06-01 | 5.9 months | N/A | PKR 4,626.63 | 30.0% | 23.6% | 5.5% | 0.0% | 0.9% | 0.0% | 83 | - | |
PKR 60,000 | Generated | 2015-06-01 | 5.9 months | N/A | PKR 8,325.26 | 26.7% | 23.6% | 2.7% | 0.0% | 0.4% | 0.0% | 93 | - | |
PKR 75,000 | Generated | 2015-06-01 | 5.9 months | N/A | PKR 10,174.58 | 26.1% | 23.6% | 2.2% | 0.0% | 0.3% | 0.0% | 96 | - | |
PKR 80,000 | Generated | 2015-06-01 | 5.9 months | N/A | PKR 10,791.01 | 26.0% | 23.6% | 2.0% | 0.0% | 0.4% | 0.0% | 96 | - | |
PKR 85,000 | Generated | 2015-06-01 | 5.9 months | N/A | PKR 11,407.45 | 25.8% | 23.6% | 1.9% | 0.0% | 0.3% | 0.0% | 97 | - | |
PKR 95,000 | Generated | 2015-06-01 | 5.9 months | N/A | PKR 12,640.33 | 25.6% | 23.6% | 1.7% | 0.0% | 0.3% | 0.0% | 98 | - | |
PKR 100,000 | Generated | 2015-06-01 | 5.9 months | N/A | PKR 13,256.77 | 25.5% | 23.6% | 1.6% | 0.0% | 0.3% | 0.0% | 98 | - | |
PKR 125,000 | Generated | 2015-06-01 | 5.9 months | N/A | PKR 16,338.96 | 25.1% | 23.6% | 1.3% | 0.0% | 0.2% | 0.0% | 100 | - |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | MWK 40,000 | MWK 100,000 | MWK 150,000 | MWK 200,000 | MWK 500,000 | MWK 600,000 | |||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
Disbursement Date | 2012-11-05 | 2012-10-29 | 2012-10-29 | 2012-10-30 | 2012-12-03 | 2012-10-11 | |||||
Loan Term (Months) | 5.2 months | 11.0 months | 11.0 months | 11.0 months | 12.0 months | 13.0 months | |||||
Grace Period (Months) | 0.2 months | 0.4 months | 0.4 months | 0.4 months | 0.3 months | 1.0 month | |||||
Total Cost of Credit | MWK 11,693.11 | MWK 41,091.52 | MWK 61,012.21 | MWK 86,513.83 | MWK 242,720.11 | MWK 307,233.86 | |||||
True Price by Comp | |||||||||||
Interest price component | 63.7% | 65.9% | 65.9% | 65.7% | 67.3% | 62.9% | |||||
Fee Component | 47.8% | 10.9% | 9.9% | 15.6% | 8.2% | 7.1% | |||||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | 3.7% | 3.2% | |||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Deposit Component | 33.0% | 21.5% | 21.2% | 23.0% | 22.4% | 19.1% | |||||
Full APR (int fee ins tax dep) | 144.5% | 98.3% | 97.0% | 104.3% | 101.6% | 92.3% | |||||
Transparency Index | 29 | 43 | 43 | 40 | 41 | 45 | |||||
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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