| Outstanding portfolio (PHP) | PHP 104,774,813 |
| Portfolio (USD) | USD 2,506,574.47 |
| Active Clients with Loans | 5,103 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 0% - 20% |
| Any purpose | |
| Income generation | |
| Mortgage/housing | x |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | x |
| Business training | x |
| Other training | x |
| Other | Transformation Program |
| Other (2) | Environment Program |
| No other services |
| Men | x |
| Women | x |
| Must run a business | x |
| Must own a home or land | |
| Must be a salaried worker | x |
| Must be specific age group | |
| Other | Existing ASKI client or staff |
| Other (2) |
| Currency | PHP |
| Minimum loan size | PHP 10,000 |
| Maximum loan size | 300,000 |
| Shortest loan term | 6.0 months |
| Longest loan term | 24.0 months |
| Approx average | 12.0 months |
| Grace period usage | 0 |
| Average grace period | 0 |
| 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 | 1.75% |
| Highest quoted nominal interest | 1.75% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | Fee 2 | ||
|---|---|---|---|
| Description | Service Fee | Business Development Service Support | |
| % of loan amount - min | 3.00% | 0 | |
| % of loan amount - max | 3.00% | 0 | |
| OR, Fixed amount - min | 0 | 100 | |
| Fixed amount - max | 0 | 100 | |
| Reason for variation | N/A | ||
| Appears on Repayment Sched? | No | No |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | Yes |
| Do borrowers control deposit in their group? |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 10.00% |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | Access During |
| Minimum interest rate paid | 1.75% |
| Maximum interest rate paid | 1.75% |
| Interest payment frequency | Monthly |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | PHP 15,000 | PHP 30,000 | PHP 50,000 | PHP 80,000 | PHP 100,000 | ||||
| Loan Cycle (1, 2, 3, etc) | 1 | 2 | 2 | 2 | 2 | ||||
| Disbursement Date | 2011-04-15 | 2011-04-19 | 2011-05-31 | 2011-05-13 | 2011-04-15 | ||||
| Loan Term (Months) | 24.0 months | 12.0 months | 12.0 months | 24.0 months | 24.0 months | ||||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | ||||
| Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
| True Price by Comp | |||||||||
| Interest and Fee Component | 24.3% | 27.7% | 34.3% | 24.4% | 24.5% | ||||
| Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Deposit Component | 29.7% | 11.1% | 9.5% | 2.9% | 2.3% | ||||
| Full APR (int fee ins tax dep) | 53.9% | 38.8% | 43.9% | 27.4% | 26.8% | ||||
| Transparency Index | 39 | 54 | 48 | 77 | 78 | ||||
| Original Repayment Schedule | |||||||||
| MFT Pricing Calculation |
| Institution Type | Trust |
| Is this institution regulated? | Yes |
| Website address | N/A |
| Year established | 2000 |
| Head of Institution | Abebe Kebede |
| Regions active | 0 |
| # Branches | 2 |
| Total Portfolio (nat'l) | MWK 65,000,000 |
| Total Portfolio (USD) | USD 433,333.33 |
| Active clients with loans | 4,200 |
| Approximate % female clients | 40% - 60% |
| Approximate % urban clients | 20% - 40% |
| Network affiliations | Malawi Microfinance Network (MAMN) |
| Funders | Vision Fund International, World Vision International, World Vision, MALAWI (ADP) |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Agricultural loan I (Irrigation loan - Group) | MWK 30,000 - 40,000 | 4 - 12 | 40% - 60% | 0% - 20% | ||||||||||
| Agricultural Loan II (Rain fed - Group) | MWK 12,000 - 25,000 | 6 - 10 | 40% - 60% | 0% - 20% | ||||||||||
| Business Loan I (Group) | MWK 5,000 - 45,000 | 4 - 12 | 40% - 60% | 0% - 20% | ||||||||||
| Business Loan II (Group) | MWK 10,000 - 78,000 | 6 - 9 | 40% - 60% | 80% - 100% |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Agricultural loan I (Irrigation loan - Group) | 48.00% annual, Flat | 2 Fees | 0 Ins | 17.2% - 30.6% | 21.5% - 39.2% | |||||||||||
| Agricultural Loan II (Rain fed - Group) | 48.00% annual, Flat | 1 Fee | 0 Ins | 30.1% - 32% | 38.4% - 41.3% | |||||||||||
| Business Loan I (Group) | 48.00% annual, Flat | 1 Fee | 0 Ins | 89.8% | 129.8% | |||||||||||
| Business Loan II (Group) | 48.00% annual, Flat | 1 Fee | 0 Ins | 89.8% | 129.8% |
| 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 |
| Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
|---|---|---|---|---|---|---|---|
