2. CUMO
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
  2. FMM Popayán
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

Institution

CUMO Microfinance Ltd Plot 214-215 AirfieldDedza, N/AP.O.Box 222
Data approved: 2011-01-06
Data version: 1
Age of data: -   months 
Choose version

Institution

Fundación Mundo Mujer Popayán Carrera 11 # 5 - 70Popayán
Data approved: 2011-08-01
Data version: 1
Age of data: 161 months

Product

Masika (Village Enterprise Loan) Product 2 of 3 « Prev | Next »

Product

Consumo Product 1 of 3 « Prev | Next »

Product Summary

Number borrowers32,525
Loan Amount (range)MWK 1,000 - 90,000
Loan Term (range)4 - 6
Other Services (text summary)
Annual Interest & Method48.00%-72.00% annual, Flat
Fees
Insurance
Tax
Comp Dep
Range of pricing 
Interest Price ComponentN/A
Fee Component90.4% - 92.6% (Int+Fee)
Insurance Component4.7% - 9.6%
Tax Component Range0
Full APR (int fee ins tax dep)107.2% - 109.9%
Transparency Index (min/max)44 - 88
Transparency Index (average)

Product Summary

14,880
COP 500,000 - 15,000,000
1 - 24
20.0% annual, Decl Bal
1.00% ongoing
0.40%-1.00% ongoing
None
N/A
 
N/A
21.7% - 23.0% (Int+Fee)
0 - 0.9%
0
22.5% - 23.6%
62 - 89
87

Product Details

Key Statistics
Outstanding portfolio (MWK)MWK 179,300,000
Portfolio (USD)USD 1,195,333
Active Clients with Loans32,525
Approximate % Female Clients80% - 100%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity group
Village bankingx
Self help group
Other
Description
Small scale business loans for start ups and business expansion. The loan is extended using group lending methodology. Actual amount per client depends on the clients repayment capability.\r
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
OtherCan be used ONLY for Working Capital
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visits
Business trainingx
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a business
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 (COP)COP 19,999,801,635
Portfolio (USD)USD 10,988,902
Active Clients with Loans14,880
Approximate % Female Clients60% - 80%
Approximate % Urban Clients20% - 40%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Crédito de libre inversión otorgado a dependientes con 6 meses de antigàŒedad en sus empleos
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 business
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 institutionN/A
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyMWK
Minimum loan sizeMWK 1,000
Maximum loan size90,000
Loan Term and Grace Period
Shortest loan term4.0 months
Longest loan term6.0 months
Approx average4.0 months
Distribution at Disbursement (Est.)
Loans 3 months or lessN/A
Between 4 and 6 monthsN/A
Between 7 and 9 monthsN/A
Between 10 and 12 monthsN/A
Between 13 and 18 monthsN/A
Longer than 18 monthsN/A
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeksx
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyCOP
Minimum loan sizeCOP 500,000
Maximum loan size15,000,000
Loan Term and Grace Period
Shortest loan term1.0 month
Longest loan term24.0 months
Approx average13.0 months
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

Pricing Information

Interest
Lowest quoted nominal interest4.00%
Highest quoted nominal interest6.00%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?N/A
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
Ins 1
DescriptionLoan Processing Fee + Insurance Fee
% of loan amount - min5.00%
% of loan amount - max5.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation
Appears on Repayment Sched?
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited5.00% - N/A
or, Fixed-amount deposited0 - N/A
Deposits DURING period payments
% loan amount deposited0 - N/A
or, Fixed-amount deposited0 - N/A
Conditions on access to deposit
Interest Paid on Deposit
Minimum interest rate paid0
Maximum interest rate paid0
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Pricing Information

Interest
Lowest quoted nominal interest1.67%
Highest quoted nominal interest1.67%
Interest rate periodMonthly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
Ongoing Fees
Fee 1
DescriptionEstudio de Credito
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
Ins 1
DescriptionSeguro de Cartera
% of loan amount - min0.40%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
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

Masika (Village Enterprise Loan) samples
Sample 1Sample 2Sample 3
Loan AmountMWK 107,500MWK 150,000MWK 550,000
Loan Cycle (1, 2, 3, etc)146
Disbursement Date2012-08-302012-08-302012-08-30
Loan Term (Months)3.7 months3.7 months3.7 months
Grace Period (Months)0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot Known
True Price by Comp     
Interest and Fee Component91.5%90.4%92.6%
Insurance Component9.4%9.3%9.6%
Tax Component0.0%0.0%0.0%
Deposit Component7.6%7.4%7.7%
Full APR (int fee ins tax dep)108.5%107.2%109.9%
Transparency Index444544
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF

Full Pricing Data

Consumo samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountCOP 1,200,000COP 3,536,312COP 7,099,168COP 14,399,680
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2011-02-072011-02-082011-03-302011-02-15
Loan Term (Months)13.0 months12.0 months24.0 months24.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot Known
True Price by Comp       
Interest and Fee Component22.8%23.0%22.1%21.7%
Insurance Component0.0%0.7%0.9%0.8%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)22.8%23.6%23.0%22.5%
Transparency Index88858789
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
Masika (Village Enterprise 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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