- MFTransparency.org Truth In Lending Tables

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
KBL	468,300	120,082,000	16	113
KF	233,600	41,416,000	4	112
NRSP	399,900	70,157,000	3	113
ASA	230,400	29,637,000	3	113
TMFB	221,200	85,449,000	7	113
FMFB	163,544	38,481,323	9	132
TRDP	100,000	13,817,000	3	113
PRSP	75,656	9,907,176	3	132
BRAC^P	57,300	11,869,000	3	113
SRSO	51,100	7,775,000	3	113
SSF	46,000	4,776,000	3	113
FINCA	82,000	43,559,000	9	113
JWS	36,000	6,545,000	2	113
RCDS	35,552	4,856,122	4	132
DAMEN	35,185	7,150,864	1	132
FFO	22,400	3,335,000	3	113
OLP	21,400	3,510,000	3	113
CSC	17,600	3,147,000	1	113
AMRDO	13,800	1,206,000	5	113
WMBL	13,800	6,105,000	3	113
Mojaz	13,400	2,415,000	2	113
SDF	11,500	1,041,000	4	113
POMFB	8,500	2,795,000	4	113
OPD	7,500	918,000	2	113
AGAHE	7,300	797,000	2	113
NRDP	6,184	1,521,972	3	132
GBTI	6,100	669,000	3	132
WASIL	4,300	1,135,000	2	113
Micro Options	4,000	768,000	5	113
VDO	3,900	489,000	3	132
SVDP	3,900	811,000	13	132
SRDO	3,500	766,000	4	113
OSDI	2,000	923,000	3	113
APMBL	1,800	1,401,000	3	113
BEDF	1,400	209,000	3	132
KCDO	800	94,000	1	132

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

Finance Savings and Credit Cooperative MUSCCO HouseLilongwePO Box 1292

Data approved: 2013-01-04

Data version: 2

Age of data: 143 months

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Product

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Product Details

Key Statistics

Outstanding portfolio (MWK)	MWK 27,177,900.39
Portfolio (USD)	USD 69,686.92
Active Clients with Loans	562
Approximate % Female Clients	20% - 40%
Approximate % Urban Clients	40% - 60%

Methodology

Individual	x
Solidarity group
Village banking
Self help group
Other

Description

This is a loan product for those who are on salaried employement

Loan Purpose

Any purpose	x
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)

Included Services

Credit education	x
Group meetings
Credit insurance
Workplace visits
Business training
Other training
Other
Other (2)
No other services

Eligibility

Men	x
Women	x
Must run a business
Must own a home or land
Must be a salaried worker	x
Must be specific age group
Other
Other (2)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	5
# Regions for this product	5
Regions Active	Lilongwe, Mchinji, Salima, Mzimba, Blantyre

Loan Conditions

Loan Amount

Currency	MWK
Minimum loan size	MWK 5,000
Maximum loan size	1,500,000

Distribution at Disbursement (Est.)

Loans less than MWK 50,000	30%
MWK 50,000-150,000	50%
MWK 150,000-250,000	10%
MWK 250,000-350,000	5%
MWK 350,000-450,000	5%
Greater than MWK 450,000	5%

Loan Term and Grace Period

Shortest loan term	3.0 months
Longest loan term	12.0 months
Approx average	6.0 months

Distribution at Disbursement (Est.)

Loans 3 months or less	10%
Between 4 and 6 months	10%
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

Grace period usage	100%
Average grace period	1.0 month

Repayment Frequency

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

Pricing Information

Interest

Lowest quoted nominal interest	38.00%
Highest quoted nominal interest	38.00%
Interest rate period	Yearly
Interest Rate Calculation Method	Flat
Subsidized by funder request?	No
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1
Description	Processing Fee
% of loan amount - min	3.00%
% of loan amount - max	3.00%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	n/a
Appears on Repayment Sched?	No

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	Ins 1
Description	Insurance Premium
% of loan amount - min	2.00%
% of loan amount - max	2.00%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	N/A
Appears on Repayment Sched?	Yes

Ongoing Insurance Fees

This product has no ongoing insurance fees

Compulsory Deposit

Required for	All
Criteria	N/A
Is deposit indicated on the repayment schedule?	Yes
Do borrowers control deposit in their group?	Yes

Deposit BEFORE or AT Disbursement

% loan amount deposited	50.00%
or, Fixed-amount deposited	N/A

Deposits DURING period payments

% loan amount deposited	N/A
or, Fixed-amount deposited	N/A
Conditions on access to deposit	Access During

Interest Paid on Deposit

Minimum interest rate paid	N/A
Maximum interest rate paid	N/A
Interest payment frequency	N/A

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Full Pricing Data

Payroll Loan samples

	Sample 1	Sample 2	Sample 3	Sample 4	Sample 5	Sample 6
Loan Amount	MWK 17,400	MWK 20,000	MWK 50,000	MWK 100,000	MWK 300,000	MWK 500,000
Loan Cycle (1, 2, 3, etc)	5	9	3	7	2	3
Disbursement Date	2012-12-18	2013-01-14	2013-01-03	2012-07-25	2012-09-07	2013-01-14
Loan Term (Months)	12.0 months	4.0 months	12.0 months	10.0 months	12.0 months	12.0 months
Grace Period (Months)	0.0 months	0.0 months	0.0 months	0.0 months	0.0 months	0.0 months
Total Cost of Credit	MWK 7,482	MWK 3,533.32	MWK 21,499.96	MWK 36,666.70	MWK 129,000	MWK 214,999.96
True Price by Comp
Interest price component	62.6%	58.8%	62.8%	62.2%	62.6%	62.8%
Fee Component	6.2%	15.2%	6.3%	7.2%	6.3%	6.3%
Insurance Component	4.3%	10.5%	4.3%	4.9%	4.3%	4.3%
Tax Component	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Deposit Component	150.0%	206.8%	151.4%	160.7%	150.3%	151.4%
Full APR (int fee ins tax dep)	223.1%	291.3%	224.8%	235.0%	223.5%	224.8%
Transparency Index	17	13	17	16	17	17

Original Repayment Schedule	PDF	PDF	PDF	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF	PDF	PDF	PDF

Payroll 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

	X Axis
	Greater than:
	Less or equal to:
N (# of Samples)
Total Borrrowers of Samples


Avg
Min
Max
Std Dev

By Inst Type


By Country

	X Axis
	Greater than:
	Less or equal to:
	From 0 to
	to
	to
	to ∞

Institution

Product

Product Details

Key Statistics

Methodology

Description

Loan Purpose

Included Services

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

Loan Conditions

Loan Amount

Distribution at Disbursement (Est.)

Loan Term and Grace Period

Distribution at Disbursement (Est.)

Grace Period

Repayment Frequency

Pricing Information

Interest

Upfront Fees

Ongoing Fees

Upfront Insurance Fees

Ongoing Insurance Fees

Compulsory Deposit

Deposit BEFORE or AT Disbursement

Deposits DURING period payments

Interest Paid on Deposit

Taxes

Full Pricing Data

Payroll Loan samples

Payroll Loan Price Graphs

Total Borrowers of Samples

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