Outstanding portfolio (PKR) | PKR 2,110,206,483 |
Portfolio (USD) | USD 20,722,227.66 |
Active Clients with Loans | 129,446 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 0 |
Individual | |
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 | |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services | x |
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 | |
Other (2) |
# Regions for this institution | 6 |
# Regions for this product | 4 |
Regions Active | Azad Kashmir, Islambad Capital Territory, Punjab, Sindh |
Currency | PKR |
Minimum loan size | PKR 15,000 |
Maximum loan size | 60,000 |
Loans less than PKR 10,000 | 0 |
PKR 10,000-25,000 | 10% |
PKR 25,000-50,000 | 80% |
PKR 50,000-75,000 | 10% |
PKR 75,000-150,000 | 0 |
Greater than PKR 150,000 | 0 |
Shortest loan term | 6.0 months |
Longest loan term | 12.0 months |
Approx average | DK |
Loans 3 months or less | 0 |
Between 4 and 6 months | 10% |
Between 7 and 9 months | 10% |
Between 10 and 12 months | 80% |
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 | 1 |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | 2 |
Irregular payments |
Lowest quoted nominal interest | 28.00% |
Highest quoted nominal interest | 28.00% |
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 | Processing/Documentation Charges |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 400 |
Fixed amount - max | 400 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Insurance Charges |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 100 |
Fixed amount - max | 100 |
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 |
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 20,000 | Generated | 2015-05-01 | 6.0 months | N/A | PKR 2,154.78 | 36.6% | 27.7% | 7.1% | 1.8% | 0.0% | 0.0% | 76 | - | |
PKR 25,000 | Generated | 2015-05-01 | 12.0 months | N/A | PKR 4,439.21 | 31.6% | 27.7% | 3.1% | 0.8% | 0.0% | 0.0% | 89 | - | |
PKR 30,000 | Generated | 2015-05-01 | 12.0 months | N/A | PKR 5,227.05 | 31.0% | 27.7% | 2.6% | 0.7% | 0.0% | 0.0% | 90 | - | |
PKR 35,000 | Generated | 2015-05-01 | 12.0 months | N/A | PKR 6,014.89 | 30.5% | 27.7% | 2.2% | 0.6% | 0.0% | 0.0% | 92 | - | |
PKR 40,000 | Generated | 2015-05-01 | 12.0 months | N/A | PKR 6,802.73 | 30.1% | 27.7% | 1.9% | 0.5% | 0.0% | 0.0% | 93 | - | |
PKR 45,000 | Generated | 2015-05-01 | 12.0 months | N/A | PKR 7,590.58 | 29.9% | 27.7% | 1.7% | 0.5% | 0.0% | 0.0% | 94 | - | |
PKR 50,000 | Generated | 2015-05-01 | 12.0 months | N/A | PKR 8,378.42 | 29.6% | 27.7% | 1.5% | 0.4% | 0.0% | 0.0% | 94 | - | |
PKR 60,000 | Generated | 2015-05-01 | 9.0 months | N/A | PKR 7,693.85 | 29.8% | 27.7% | 1.7% | 0.4% | 0.0% | 0.0% | 94 | - |
Institution Type | Non-Governmental Organization |
Is this institution regulated? | Yes |
Website address | http://www.concernuniversal.org/ |
Year established | 2000 |
Head of Institution | Ezikiel Phiri |
Regions active | Dedza, Dowa, Lilongwe, Ntcheu, Salima, Balaka, Chiradzulu, MachingaMangochi, Mulanje, Nsanje |
# Branches | 2 |
Total Portfolio (nat'l) | MWK 231,643,414 |
Total Portfolio (USD) | USD 593,957.47 |
Active clients with loans | 48,013 |
Approximate % female clients | 60% - 80% |
Approximate % urban clients | 20% - 40% |
Network affiliations | MAMN, The MIX Market |
Funders | Concern Universal, USAID, UNDP UNCDF through FIMA, Irish Aid |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Fumba (Agricultural Loan) | MWK 10,000 - 50,000 | 6 | 60% - 80% | 0% - 20% | Business, Used for only working capital purpose | Women, Men, Have business | Credit Educ, Group Mtgs, Credit Ins, Business Training, Environmental & HIV & AIDS education | |||||||
Masika (Village Enterprise Loan) | MWK 2,000 - 200,000 | 4 - 6 | 60% - 80% | 0% - 20% | Business, Used for only working capital purpose | Women, Men | Credit Educ, Group Mtgs, Credit Ins, Business Training, Environmental and HIV-AIDS Education |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Fumba (Agricultural Loan) | 60.00% annual, Flat | 1 Fee | 1 Ins | None | 5.00% upfront | 71.1% | 80.3% | 74 | ||||||||
Masika (Village Enterprise Loan) | 54.00%-72.00% annual, Flat | 1 Fee | 1 Ins | None | 5.00% upfront | 104.4% | 125.1% | 43 |
Key Statistics | |
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% Products with one or more insurances | |
% Products with compulsory deposits |
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