- MFTransparency.org Truth In Lending Tables

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
AGFS	200	47,000	2	150
Ahantaman RB	23,800	9,896,000	4	132
APED	13,700	1,876,000	2	132
ASA Initiative	4,400	577,000	4	132
ASA-Ghana	71,600	18,385,000	2	132
ASPI	800	88,000	6	132
Atwima Kwanwoma	3,800	1,788,000	2	132
Baobab	5,100	967,000	2	132
BestFUND	13,000	4,172,000	3	132
Bonzali Rural	10,400	1,691,000	4	150
CashPhase	83	135,000	2	132
CASUD	1,100	524,000	1	132
CEDEF	500	54,000	4	132
CFF	100	13,000	1	132
CRAN	3,600	1,019,000	2	132
DQF	1,700	63,000	2	132
EASL	9,200	11,409,000	6	132
East Mamprusi	12,500	2,268,000	4	132
ELDA	0	0	0	132
EMPRETEC Ghana	200	56,000	2	132
FASL	13,500	14,047,000	8	132
Grameen Ghana	9,500	507,000	3	132
ID-Ghana	5,600	953,000	3	132
Innovative Finance	2,700	354,000	3	132
Kraban Support	7,700	781,000	5	150
KRB	4,000	6,350,000	3	132
Lower Pra RB	34,000	6,316,000	3	150
Maata-N-Tudu	12,000	941,000	4	132
Mail Finance	300	288,000	1	132
Markaz	0	0	0	132
Markaz Al Bishara	100	17,000	1	132
MicrofinPlus Gh	1,100	251,000	2	132
Nwabiagya RB	4,000	2,265,000	3	132
OISL	62,000	27,232,000	9	132
Pro Credit	0	0	0	132
Rich Step	100	101,000	1	132
SAT	147,600	29,359,000	4	132
Sekam Trust	600	137,000	2	132
Simli Pong	8,900	463,000	3	150
SS Ghana	200	35,000	1	132
TCCU	100	32,000	3	132
The Bridge	400	32,000	3	150
Union RB	3,800	2,361,000	4	132

Please note that the information you are viewing is 136 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

FINCA Malawi Ltd Private Mail Bag 382ChichiriBlantyre, SouthernPO Box 382

Data approved: 2012-12-01

Data version: 2

Age of data: 136 months

Download Data

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Product

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

Product Details

Key Statistics

Outstanding portfolio (MWK)	MWK 307,541,000
Portfolio (USD)	USD 788,566.67
Active Clients with Loans	2,221
Approximate % Female Clients	20% - 40%
Approximate % Urban Clients	40% - 60%

Methodology

Individual	x
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 generation	x
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)

Included Services

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

Eligibility

Men	x
Women	x
Must run a business	x
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 institution	22
# Regions for this product	25
Regions Active	Dedza, 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

Currency	MWK
Minimum loan size	MWK 50,000
Maximum loan size	4,500,000

Distribution at Disbursement (Est.)

Loans less than MWK 50,000	0
MWK 50,000-150,000	30%
MWK 150,000-250,000	20%
MWK 250,000-350,000	20%
MWK 350,000-450,000	10%
Greater than MWK 450,000	10%

Loan Term and Grace Period

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

Distribution at Disbursement (Est.)

Loans 3 months or less	0
Between 4 and 6 months	50%
Between 7 and 9 months	30%
Between 10 and 12 months	20%
Between 13 and 18 months	0
Longer than 18 months	0

Grace Period

Grace period usage	30%
Average grace period	3.0 months

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	5.00%
Highest quoted nominal interest	5.60%
Reason(s) why interest rate varies	Loan Size, K50,000-250,000=5.6%pm, K250,000-300,000=5.2%pm & >K300,000=5%pm
Interest rate period	Monthly
Interest Rate Calculation Method	Decl Bal
Subsidized by funder request?	No
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1
Description	Processing Fee
% of loan amount - min	1.50%
% of loan amount - max	1.50%
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

This product has no upfront insurance fees

Ongoing Insurance Fees

This product has no ongoing insurance fees

Compulsory Deposit

Required for	Never
Criteria	N/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 deposited	N/A
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	N/A

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

Individual Business Loan samples

	Sample 1	Sample 2	Sample 3	Sample 4	Sample 5	Sample 6
Loan Amount	MWK 50,000	MWK 100,000	MWK 200,000	MWK 300,000	MWK 400,000	MWK 500,000
Loan Cycle (1, 2, 3, etc)	5	2	1	11	8	4
Disbursement Date	2012-11-10	2012-10-31	2012-10-16	2012-11-27	2012-11-21	2012-10-19
Loan Term (Months)	6.0 months	6.0 months	6.0 months	6.0 months	6.0 months	12.0 months
Grace Period (Months)	0.0 months	0.1 months	0.0 months	0.2 months	0.1 months	0.0 months
Total Cost of Credit	MWK 10,994.20	MWK 21,988.34	MWK 43,976.68	MWK 61,402.86	MWK 81,870.50	MWK 192,109.72
True Price by Comp
Interest price component	65.6%	64.9%	64.8%	57.7%	60.4%	60.7%
Fee Component	5.5%	5.4%	5.4%	5.1%	5.4%	3.1%
Insurance Component	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Tax Component	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Deposit Component	0.0%	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 Index	84	85	86	95	91	94

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

Individual Business Loan Price Graphs

Click to view Price Analysis Tool

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

Individual Business Loan samples

Individual Business Loan Price Graphs

Total Borrowers of Samples

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