Please note that the information you are viewing is 101 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Digaf Micro Credit Provider SC Head OfficeAddis AbabaPO Box 31698
Data approved: 2011-12-23
Data version: 1
Age of data: 101 months

Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addressN/A
Year established2005
Head of InstitutionBewketu Alamirew
Regions active
# Branches2

Total Portfolio (nat'l)ETB 1,269,733
Total Portfolio (USD)USD 69,007.23
Active clients with loans1,269
Approximate % female clients80% - 100%
Approximate % urban clients80% - 100%
Network affiliationsAEMFI, NBE, New Life Community
FundersNew Life Community

Loan Products » Summary

1,269 Borrowers
USD 69,007.23 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
General Loan ETB 300 - 10,000 12 80% - 100% 80% - 100% Business, Consumer Women, Men, Have business, Salaried worker Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
General Loan 16.0% annual, Flat 0 Fees 1 Ins None 10.0% upfront 5.00 ongoing 28.3% - 29.3% 35.9% - 37.4% 43
Institution Price Graph
Please note that the information you are viewing is 87 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Microloan Foundation Head OfficeKasungu, CentralPO Box 491
Data approved: 2012-11-15
Data version: 2
Age of data: 87 months

Product

Irrigation Loan Product 2 of 4 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (MWK)MWK 45,578,634
Portfolio (USD)USD 116,868.29
Active Clients with Loans1,425
Approximate % Female Clients80% - 100%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity group
Village bankingx
Self help group
Other
Description
These loans are targeted to clients who are closer to water resources and the loans are for farm inputs and are used for winter cropping. The clientele is 100 percent women with support from their husbands.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
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 product8
Regions ActiveDowa, Nkhotakota, Ntcheu, Ntchisi, Salima, Mzimba, Nkhata Bay, Rumphi

Loan Conditions

Loan Amount
CurrencyMWK
Minimum loan sizeMWK 18,000
Maximum loan size80,000
Distribution at Disbursement (Est.)
Loans less than MWK 50,00070%
MWK 50,000-150,00030%
MWK 150,000-250,0000
MWK 250,000-350,0000
MWK 350,000-450,0000
Greater than MWK 450,0000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term7.0 months
Approx average4.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less5%
Between 4 and 6 months15%
Between 7 and 9 months80%
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage100%
Average grace period2.0 months
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeksx
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest4.75%
Highest quoted nominal interest4.75%
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 deposited10.00% - 20.00%
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

Irrigation Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountMWK 20,000MWK 30,000MWK 45,000MWK 50,000
Loan Cycle (1, 2, 3, etc)7274
Disbursement Date2012-11-072012-11-072012-11-072012-11-07
Loan Term (Months)7.0 months7.0 months7.0 months7.0 months
Grace Period (Months)4.1 months2.1 months4.1 months4.1 months
Total Cost of CreditMWK 5,600MWK 8,400MWK 12,600MWK 10,000
True Price by Comp       
Interest price component49.0%60.4%49.0%36.2%
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 Component33.7%23.3%12.7%9.7%
Full APR (int fee ins tax dep)82.7%83.7%61.7%45.9%
Transparency Index696892100
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
Irrigation Loan Price Graphs


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Key Statistics
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# 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
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Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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