2. FINCOOP
Please note that the information you are viewing is 138 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. Diaconia
Please note that the information you are viewing is 125 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Finance Savings and Credit Cooperative MUSCCO HouseLilongwePO Box 1292
Data approved: 2013-01-04
Data version: 2
Age of data: 138 months
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Institution

Diaconia FRIF Av. Juan Pablo II Nº 125 El AltoLa Paz
Data approved: 2010-10-28
Data version: 1
Age of data: -   months 
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Product

Mwai wa Mayi (Female Group Loan) Product 2 of 7 « Prev | Next »

Product

Microcredito Individual Product 2 of 2 « Prev | Next »

Product Summary

Number borrowers1,240
Loan Amount (range)MWK 5,000 - 500,000
Loan Term (range)6
Other Services (text summary)Credit Educ, Group Mtgs, Credit Ins, Business Training, Other Training
Annual Interest & Method45.00% annual, Flat
Fees3.00% upfront
Insurance2.00% upfront
TaxNone
Comp Dep33.33% upfront
Range of pricing 
Interest Price Component54.5% - 72.2%
Fee Component5.6% - 18.8%
Insurance Component3.9% - 12.9%
Tax Component Range0
Full APR (int fee ins tax dep)177.0% - 177.8%
Transparency Index (min/max)11 - 26
Transparency Index (average)25

Product Summary

25,600
BOB 30 - 65,000
3 - 60
Other Training
16.0%-24.0% annual, Decl Bal
1.00-4.00 ongoing
None
None
N/A
 
0
N/A

Product Details

Key Statistics
Outstanding portfolio (MWK)MWK 12,733,636.55
Portfolio (USD)USD 32,650.35
Active Clients with Loans1,240
Approximate % Female Clients80% - 100%
Approximate % Urban Clients60% - 80%
Methodology
Individual
Solidarity groupx
Village bankingx
Self help group
Other
Description
Group loan for women in urban and rural areas. This loan targets small and medium entrepreneurs only.
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 insurancex
Workplace visits
Business trainingx
Other trainingx
Other
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 institution5
# Regions for this product5
Regions ActiveLilongwe, Mchinji, Salima, Mzimba, Blantyre

Product Details

Key Statistics
Outstanding portfolio (BOB)BOB 207,525,658
Portfolio (USD)USD 30,295,716.50
Active Clients with Loans25,600
Approximate % Female Clients20% - 40%
Approximate % Urban Clients80% - 100%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Microcredito desinado a comercio, produccion personas indivuduales naturales, con o sin garantias reale, de pagos periodicos menuales de corto mediano o largo plazo.
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 trainingx
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
OtherCon actividad económica
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 5,000
Maximum loan size500,000
Distribution at Disbursement (Est.)
Loans less than MWK 50,00090%
MWK 50,000-150,00010%
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 term6.0 months
Longest loan term6.0 months
Approx average6.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months100%
Between 7 and 9 months0
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace periodDK
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
CurrencyBOB
Minimum loan sizeBOB 30
Maximum loan size65,000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term60.0 months
Approx average18.0 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 interest45.00%
Highest quoted nominal interest45.00%
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?No
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 deposited33.33%
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

Pricing Information

Interest
Lowest quoted nominal interest16.00%
Highest quoted nominal interest24.00%
Reason(s) why interest rate variesTime as Client, Collateral, Loan Purpose, Ciclo de préstamo
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?N/A
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
Ongoing Fees
Fee 1
DescriptionFee
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min1
Fixed amount - max4
Reason for variationN/A
Appears on Repayment Sched?Yes
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
Additional Comments
El Mismo producto bajos las mismas caracterasticas se lo realiza en mondea stranjera. La variaction en las tasas de interes se los realiza de azcuerdo al ciclo de credito y no de acuerdo a destinos ni productos.

Full Pricing Data

Mwai wa Mayi (Female Group Loan) samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountMWK 12,000MWK 25,000MWK 48,000MWK 130,500MWK 294,000MWK 271,000
Loan Cycle (1, 2, 3, etc)333333
Disbursement Date2012-07-312012-07-312012-09-302012-09-302012-09-302012-09-30
Loan Term (Months)6.0 months6.0 months6.0 months6.0 months6.0 months6.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditMWK 3,300MWK 6,875MWK 13,200MWK 35,888MWK 80,850MWK 74,525
True Price by Comp           
Interest price component71.1%71.1%71.7%71.7%71.7%71.7%
Fee Component11.0%11.0%11.1%11.1%11.1%11.1%
Insurance Component7.5%7.5%7.7%7.7%7.7%7.7%
Tax Component0.0%0.0%0.0%0.0%0.0%0.0%
Deposit Component87.4%87.4%87.3%87.3%87.3%87.3%
Full APR (int fee ins tax dep)177.0%177.0%177.8%177.8%177.8%177.8%
Transparency Index252525252525
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF

Full Pricing Data

Microcredito Individual samples
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Mwai wa Mayi (Female Group 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
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Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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