2. ACSI
Please note that the information you are viewing is 161 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. FINCOOP
Please note that the information you are viewing is 147 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Amhara Credit and Savings Institution (ACSI) Head OfficeGonder road Kebele 10Bahir Dar, AmharaP O Box 417
Data approved: 2011-12-23
Data version: 1
Age of data: 161 months

Institution

Finance Savings and Credit Cooperative MUSCCO HouseLilongwePO Box 1292
Data approved: 2013-01-04
Data version: 2
Age of data: 147 months
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Product

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Product

Umphawi (Share Oriented Loan) Product 6 of 7 « Prev | Next »

Product Summary

Number borrowers8,562
Loan Amount (range)ETB 5,001 - 10,000,000
Loan Term (range)12 - 60
Other Services (text summary)
Annual Interest & Method10.0%-13.0% annual, Decl Bal
Feesupfront
InsuranceNone
TaxNone
Comp DepN/A
Range of pricing 
Interest Price ComponentN/A
Fee Component10.0% - 13.0% (Int+Fee)
Insurance Component0 - 1.9%
Tax Component Range0
Full APR (int fee ins tax dep)10.0% - 13.0%
Transparency Index (min/max)73 - 100
Transparency Index (average)88

Product Summary

423
MWK 5,000 - 1,500,000
3 - 12
42.00% annual, Flat
3.00% upfront
2.00% upfront
None
50.00% upfront
 
54.5% - 72.2%
5.6% - 18.8%
3.9% - 12.9%
0
233.9% - 303.8%
11 - 26
15

Product Details

Key Statistics
Outstanding portfolio (ETB)ETB 241,056,154
Portfolio (USD)USD 13,100,877.93
Active Clients with Loans8,562
Approximate % Female Clients60% - 80%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
This loan is for entrepeneurs, mostly manufacturing and construction. It is offered by MicroBank, which is part of ACSI that offers larger loans.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurance
Workplace visits
Business training
Other training
Other
Other (2)
No other servicesx
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 institutionN/A
# Regions for this productN/A
Regions Active

Product Details

Key Statistics
Outstanding portfolio (MWK)MWK 15,423,024.54
Portfolio (USD)USD 39,546.22
Active Clients with Loans423
Approximate % Female Clients0% - 20%
Approximate % Urban Clients20% - 40%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
this is a general loan product for both employeed and business individuals
Loan Purpose
Any purposex
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurance
Workplace visits
Business training
Other training
Other
Other (2)
No other servicesx
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried workerx
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution5
# Regions for this product5
Regions ActiveLilongwe, Mchinji, Salima, Mzimba, Blantyre

Loan Conditions

Loan Amount
CurrencyETB
Minimum loan sizeETB 5,001
Maximum loan size10,000,000
Loan Term and Grace Period
Shortest loan term12.0 months
Longest loan term60.0 months
Approx average24.0 months
Grace Period
Grace period usage100%
Average grace period4.0 months
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 monthsx
Every 12 monthsx
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyMWK
Minimum loan sizeMWK 5,000
Maximum loan size1,500,000
Distribution at Disbursement (Est.)
Loans less than MWK 50,00030%
MWK 50,000-150,00020%
MWK 150,000-250,00010%
MWK 250,000-350,00010%
MWK 350,000-450,00010%
Greater than MWK 450,00010%
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term12.0 months
Approx average6.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less10%
Between 4 and 6 months20%
Between 7 and 9 months20%
Between 10 and 12 months50%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage100%
Average grace period1.0 month
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 interest10.00%
Highest quoted nominal interest13.00%
Reason(s) why interest rate variesDue to loan term- 12 month is 10% plus 3% commission, and above 12 months is 13% but with no commission
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionCommission Fee
% of loan amount - min0
% of loan amount - max3.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationLoans 12months or less charged 3%. No fee for loans over 12 months
Appears on Repayment Sched?No
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 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 interest42.00%
Highest quoted nominal interest42.00%
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
DescriptionInsurance Premium
% of loan amount - min2.00%
% of loan amount - max2.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
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 deposited50.00%
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositEnd Term
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

Full Pricing Data

Enterprise Loan samples
Sample 1Sample 2
Loan AmountETB 8,000ETB 15,000
Loan Cycle (1, 2, 3, etc)Not KnownNot Known
Disbursement Date2009-10-242011-08-25
Loan Term (Months)36.0 months12.0 months
Grace Period (Months)0.0 months0.0 months
Total Cost of CreditNot KnownNot Known
True Price by Comp   
Interest and Fee Component13.0%10.0%
Insurance Component0.0%0.0%
Tax Component0.0%0.0%
Deposit Component0.0%0.0%
Full APR (int fee ins tax dep)13.0%10.0%
Transparency Index77100
    
Original Repayment SchedulePDFPDF
MFT Pricing CalculationPDFPDF

Full Pricing Data

Umphawi (Share Oriented Loan) samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountMWK 9,000MWK 35,000MWK 50,000MWK 100,000MWK 260,000
Loan Cycle (1, 2, 3, etc)41297
Disbursement Date2012-12-122012-09-182012-12-212012-09-062012-12-12
Loan Term (Months)5.0 months4.1 months6.0 months12.0 months12.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditMWK 2,025MWK 6,650MWK 13,000MWK 47,000MWK 122,200
True Price by Comp         
Interest price component65.9%63.8%67.1%68.5%68.4%
Fee Component12.7%15.2%11.1%6.3%6.4%
Insurance Component8.8%10.4%7.6%4.4%4.3%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component207.3%214.4%201.5%155.1%154.8%
Full APR (int fee ins tax dep)294.7%303.8%287.3%234.3%233.9%
Transparency Index1414151818
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF
Enterprise Loan Price Graphs
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.NBFIInstitution TypeBusinessLoan PurposeACSIInstitutionET-002-V01-P02ProductETCountry2011YearRange Number1Institution Data Version05,00010,00015,000Loan Size (all)0%5%10%Full APR (int fee ins tax dep)> 1,7001,20080040040Number of Borrowers** Note: not all bubble sizes in this graph represent number of borrowers, as some samples do not have this data available. These bubbles are shown as a uniform small size. The pop-up text on each bubble will indicate the product scale and the sample scale.
Click to view Price Analysis Tool
Umphawi (Share Oriented Loan) Price Graphs
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.CoopInstitution TypeAnyLoan PurposeFINCOOPInstitutionMW-002-V02-P06ProductMWCountry2013YearRange Number2Institution Data Version050,000100,000150,000200,000250,000Loan Size (all)0%100%200%300%Full APR (int fee ins tax dep)> 100607Number of Borrowers
Click to view Price Analysis Tool
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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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