2. DemirBank
Please note that the information you are viewing is 115 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. FINCA
Please note that the information you are viewing is 137 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

DemirBank 31 Garabagh str., Baku.,AZ 1008Baku, BakuAZ1008
Data approved: 2014-09-18
Data version: 1
Age of data: 115 months

Institution

FINCA Malawi Ltd Private Mail Bag 382ChichiriBlantyre, SouthernPO Box 382
Data approved: 2012-12-01
Data version: 2
Age of data: 137 months
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Product

Cash Loan Product 1 of 2 « Prev | Next »

Product

Individual Business Loan Product 1 of 3 « Prev | Next »

Product Summary

Number borrowers9,849
Loan Amount (range)AZN 500 - 10,000
Loan Term (range)3 - 36
Other Services (text summary)Credit Ins
Annual Interest & Method28.0%-34.0% annual, Decl Bal
Fees1.00% upfront 10.00-100.00 upfront
Insurance10.00-120.00 upfront
TaxNone
Comp DepN/A
Range of pricing 
Interest Price Component27.7% - 32.6%
Fee Component1.3% - 9.3%
Insurance Component1.5% - 11.7%
Tax Component Range0
Full APR (int fee ins tax dep)30.5% - 43.6%
Transparency Index (min/max)60 - 85
Transparency Index (average)68

Product Summary

2,221
MWK 50,000 - 4,500,000
6 - 12
Credit Ins
60.00%-67.20% annual, Decl Bal
1.50% upfront
None
None
N/A
 
57.7% - 96.1%
0 - 5.5%
0 - 3.0%
0
62.8% - 71.1%
71 - 106
89

Product Details

Key Statistics
Outstanding portfolio (AZN)AZN 19,247,182
Portfolio (USD)USD 24,675,874.36
Active Clients with Loans9,849
Approximate % Female Clients20% - 40%
Approximate % Urban Clients40% - 60%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Cash loan issued to consumer client based on their monthly income for any personal use.
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 insurancex
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 institution7
# Regions for this product8
Regions ActiveAbsheron, Ganja-Qazakh, Shaki-Zaqatala, Lankaran-Astara, Quba-Khachmaz, Orta Kur, Daglig-ShirvanKur

Product Details

Key Statistics
Outstanding portfolio (MWK)MWK 307,541,000
Portfolio (USD)USD 788,566.67
Active Clients with Loans2,221
Approximate % Female Clients20% - 40%
Approximate % Urban Clients40% - 60%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
This loan is given to individuals who are in businesses. The loans range from MWK 50,000 to 4,500,000 and its duration range between 6 to 12 months. Repayment is monthly.
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 insurancex
Workplace visits
Business training
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 institution22
# Regions for this product25
Regions ActiveDedza, Dowa, Kasungu, Lilongwe, Mchinji, Nkhotakota, Ntcheu, Ntchisi, SalimaKaronga, Mzimba, Nkhata Bay, Rumphi, Balaka, Blantyre, Chikwawa, Chiradzulu, MachingaMangochi, Mulanje, Mwanza, Nsanje, Thyolo, Phalombe, Zomba

Loan Conditions

Loan Amount
CurrencyAZN
Minimum loan sizeAZN 500
Maximum loan size10,000
Distribution at Disbursement (Est.)
Loans less than AZN 1,00015%
AZN 1,000-5,00070%
AZN 5,000-8,00010%
AZN 8,000-11,0005%
AZN 11,000-14,0000
Greater than AZN 14,0000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term36.0 months
Approx average24.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months30%
Between 13 and 18 months30%
Longer than 18 months40%
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

Loan Conditions

Loan Amount
CurrencyMWK
Minimum loan sizeMWK 50,000
Maximum loan size4,500,000
Distribution at Disbursement (Est.)
Loans less than MWK 50,0000
MWK 50,000-150,00030%
MWK 150,000-250,00020%
MWK 250,000-350,00020%
MWK 350,000-450,00010%
Greater than MWK 450,00010%
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term12.0 months
Approx average6.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months50%
Between 7 and 9 months30%
Between 10 and 12 months20%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage30%
Average grace period3.0 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

Pricing Information

Interest
Lowest quoted nominal interest28.00%
Highest quoted nominal interest34.00%
Reason(s) why interest rate variesTime as Client, Loan Size
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionComission FeeDocument charge
% of loan amount - min1.00%0
% of loan amount - max1.00%0
OR, Fixed amount - min010
Fixed amount - max0100
Reason for variation1% is for documenting charges, 1% for cash disbursmentN/A
Appears on Repayment Sched?NoNo
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionAccident Insurance
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min10
Fixed amount - max120
Reason for variationIt is determined according to the loan amount.
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 interest5.00%
Highest quoted nominal interest5.60%
Reason(s) why interest rate variesLoan Size, K50,000-250,000=5.6%pm, K250,000-300,000=5.2%pm & >K300,000=5%pm
Interest rate periodMonthly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min1.50%
% of loan amount - max1.50%
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
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

Full Pricing Data

Cash 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
AZN 900 Real 2014-08-25 18.3 months N/A AZN 231.77 30.5% 27.7% 1.3% 1.5% 0.0% 0.0% 85 PDF PDF
AZN 900 Generated 2014-11-01 18.0 months N/A AZN 228.18 32.4% 27.7% 3.1% 1.6% 0.0% 0.0% 80 - PDF
AZN 2,600 Real 2014-07-22 12.2 months N/A AZN 592 41.6% 27.9% 2.0% 11.7% 0.0% 0.0% 63 PDF PDF
AZN 2,600 Generated 2014-11-01 12.0 months N/A AZN 549.09 40.3% 27.7% 2.8% 9.8% 0.0% 0.0% 65 - PDF
AZN 1,000 Generated 2014-11-01 12.0 months N/A AZN 226.19 43.6% 27.7% 9.3% 6.6% 0.0% 0.0% 60 - PDF
AZN 1,500 Generated 2014-11-01 12.0 months N/A AZN 321.78 41.0% 27.7% 7.6% 5.7% 0.0% 0.0% 63 - PDF
AZN 2,000 Generated 2014-11-01 12.0 months N/A AZN 423.97 40.1% 29.6% 6.2% 4.3% 0.0% 0.0% 65 - PDF
AZN 3,100 Generated 2014-11-01 18.0 months N/A AZN 940.58 39.5% 30.6% 3.9% 5.0% 0.0% 0.0% 66 - PDF
AZN 4,000 Generated 2014-11-01 24.0 months N/A AZN 1,510.82 37.2% 30.6% 3.0% 3.6% 0.0% 0.0% 70 - PDF
AZN 6,500 Generated 2014-11-01 24.0 months N/A AZN 2,487.91 37.3% 32.6% 2.4% 2.3% 0.0% 0.0% 70 - PDF

Full Pricing Data

Individual Business Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountMWK 50,000MWK 100,000MWK 200,000MWK 300,000MWK 400,000MWK 500,000
Loan Cycle (1, 2, 3, etc)5211184
Disbursement Date2012-11-102012-10-312012-10-162012-11-272012-11-212012-10-19
Loan Term (Months)6.0 months6.0 months6.0 months6.0 months6.0 months12.0 months
Grace Period (Months)0.0 months0.1 months0.0 months0.2 months0.1 months0.0 months
Total Cost of CreditMWK 10,994.20MWK 21,988.34MWK 43,976.68MWK 61,402.86MWK 81,870.50MWK 192,109.72
True Price by Comp           
Interest price component65.6%64.9%64.8%57.7%60.4%60.7%
Fee Component5.5%5.4%5.4%5.1%5.4%3.1%
Insurance Component0.0%0.0%0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)71.1%70.3%70.2%62.8%65.8%63.8%
Transparency Index848586959194
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF
Cash Loan Price Graphs


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Individual Business 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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