2. Mojaz
Please note that the information you are viewing is 113 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. MLF MWI
Please note that the information you are viewing is 143 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

MOJAZ Foundation Opposite DCO House, District NarowalNarowal, Punjab
Data approved: 2015-05-04
Data version: 2
Age of data: 113 months
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Institution

Microloan Foundation Head OfficeKasungu, CentralPO Box 491
Data approved: 2012-11-15
Data version: 2
Age of data: 143 months
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Product

Regular Loan Product 1 of 2 « Prev | Next »

Product

Bridging Loan Product 1 of 4 « Prev | Next »

Product Summary

Number borrowers11,211
Loan Amount (range)PKR 10,000 - 75,000
Loan Term (range)12 - 18
Other Services (text summary)Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training
Annual Interest & Method20.0% annual, Flat
Fees3.00% upfront
Insurance1.00% upfront
TaxNone
Comp DepN/A
Range of pricing 
Interest Price Component24.0% - 33.3%
Fee Component6.0% - 6.2%
Insurance Component2.0% - 2.1%
Tax Component Range0
Full APR (int fee ins tax dep)41.3%
Transparency Index (min/max)48 - 74
Transparency Index (average)48

Product Summary

355
MWK 65,000 - 180,000
6 - 10
Group Mtgs, Tech Asst Visits, Business Training, Other Training, Group Dynamics
48.00% annual, Flat
None
None
None
20.00% upfront
 
36.2% - 108.4%
0
0
0
107.4% - 107.5%
36 - 124
44

Product Details

Key Statistics
Outstanding portfolio (PKR)PKR 174,000,000
Portfolio (USD)USD 1,708,680
Active Clients with Loans11,211
Approximate % Female Clients40% - 60%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity groupx
Village banking
Self help group
Other
Description
MOJAZ provides micro & SME loans starting from PKR 10,000 to PKR 300,000 for income generating activities only under three broad categories of Livestock, Agriculture & Commerce to ctaer trade & business.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculturex
Education
Other household finance
OtherLivestock
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visitsx
Business trainingx
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution1
# Regions for this product1
Regions ActivePunjab

Product Details

Key Statistics
Outstanding portfolio (MWK)MWK 38,676,155
Portfolio (USD)USD 99,169.63
Active Clients with Loans355
Approximate % Female Clients80% - 100%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
This loan is offered to graduating clients from Standard Loan groups who have proved successful in their businesses and require a loan above MK60,000.00. Being graduating clients training is ongoing on group solidarity and business management.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetingsx
Credit insurance
Workplace visitsx
Business trainingx
Other trainingx
OtherGroup Dynamics
Other (2)
No other services
Eligibility
Men
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution18
# Regions for this product16
Regions ActiveDowa, Lilongwe, Nkhotakota, Ntcheu, Ntchisi, SalimaKaronga, Mzimba, Nkhata Bay, Rumphi, Balaka, Blantyre, Chikwawa, Machinga, Mulanje, Zomba

Loan Conditions

Loan Amount
CurrencyPKR
Minimum loan sizePKR 10,000
Maximum loan size75,000
Distribution at Disbursement (Est.)
Loans less than PKR 10,0000
PKR 10,000-25,00090%
PKR 25,000-50,00010%
PKR 50,000-75,0000
PKR 75,000-150,0000
Greater than PKR 150,0000
Loan Term and Grace Period
Shortest loan term12.0 months
Longest loan term18.0 months
Approx average12.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months100%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage100%
Average grace period0.4 months
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyMWK
Minimum loan sizeMWK 65,000
Maximum loan size180,000
Distribution at Disbursement (Est.)
Loans less than MWK 50,0000
MWK 50,000-150,00090%
MWK 150,000-250,00010%
MWK 250,000-350,0000
MWK 350,000-450,0000
Greater than MWK 450,0000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term10.0 months
Approx average6.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months90%
Between 7 and 9 months10%
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest20.00%
Highest quoted nominal interest20.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min3.00%
% of loan amount - max3.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionRisk Coverage Fee
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Pricing Information

Interest
Lowest quoted nominal interest4.00%
Highest quoted nominal interest4.00%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?Yes
Do borrowers control deposit in their group?Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited20.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid5.00%
Maximum interest rate paid7.00%
Interest payment frequencyAnnually
Taxes
Are taxes charged on this product?No

Full Pricing Data

Regular Loan samples
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 Real 2015-06-01 11.4 months N/A PKR 4,602.74 41.3% 33.3% 6.0% 2.0% 0.0% 0.0% 48 PDF PDF
PKR 15,000 Generated 2015-06-01 11.4 months N/A PKR 3,452.05 41.3% 33.3% 6.0% 2.0% 0.0% 0.0% 48 - PDF
PKR 15,000 Real 2015-06-01 11.4 months N/A PKR 3,452.05 41.3% 33.3% 6.0% 2.0% 0.0% 0.0% 48 PDF PDF
PKR 20,000 Generated 2015-06-01 11.4 months N/A PKR 4,602.74 41.3% 33.3% 6.0% 2.0% 0.0% 0.0% 48 - PDF
PKR 21,000 Generated 2015-06-01 11.4 months N/A PKR 4,832.88 41.3% 33.3% 6.0% 2.0% 0.0% 0.0% 48 - PDF
PKR 22,000 Generated 2015-06-01 11.4 months N/A PKR 5,063.01 41.3% 33.3% 6.0% 2.0% 0.0% 0.0% 48 - PDF
PKR 23,000 Generated 2015-06-01 11.4 months N/A PKR 5,293.15 41.3% 33.3% 6.0% 2.0% 0.0% 0.0% 48 - PDF
PKR 24,000 Generated 2015-06-01 11.4 months N/A PKR 5,523.29 41.3% 33.3% 6.0% 2.0% 0.0% 0.0% 48 - PDF
PKR 25,000 Generated 2015-06-01 11.4 months N/A PKR 5,753.42 41.3% 33.3% 6.0% 2.0% 0.0% 0.0% 48 - PDF
PKR 40,000 Generated 2015-06-01 11.4 months N/A PKR 9,205.48 41.3% 33.3% 6.0% 2.0% 0.0% 0.0% 48 - PDF

Full Pricing Data

Bridging Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountMWK 100,000MWK 110,000MWK 150,000MWK 180,000
Loan Cycle (1, 2, 3, etc)4242
Disbursement Date2012-10-302012-10-082012-10-302012-10-30
Loan Term (Months)6.0 months6.0 months6.0 months6.0 months
Grace Period (Months)0.0 months0.2 months0.0 months0.0 months
Total Cost of CreditMWK 24,000MWK 26,400MWK 36,000MWK 43,200
True Price by Comp       
Interest price component75.7%75.8%75.7%75.7%
Fee Component0.0%0.0%0.0%0.0%
Insurance Component0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component31.7%31.7%31.7%31.7%
Full APR (int fee ins tax dep)107.4%107.5%107.4%107.4%
Transparency Index45454545
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
Regular Loan Price Graphs


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Bridging Loan Price Graphs


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Key Statistics
# 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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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Total Borrowers of Samples

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