2. FINCA
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
  2. Kraban Support
Please note that the information you are viewing is 151 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
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Institution

Kraban Support Foundation Dome-AccraGreater AccraPO Box KD 83, Kanda
Data approved: 2011-12-07
Data version: 1
Age of data: 151 months

Product

Small Group Loan Product 3 of 3 « Prev | Next »

Product

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Product Summary

Number borrowers6,991
Loan Amount (range)MWK 40,000 - 500,000
Loan Term (range)6 - 12
Other Services (text summary)Credit Ins
Annual Interest & Method78.00% annual, Decl Bal
FeesNone
Insurance0.50% upfront
TaxNone
Comp DepN/A
Range of pricing 
Interest Price Component57.7% - 96.1%
Fee Component0 - 5.5%
Insurance Component0 - 3.0%
Tax Component Range0
Full APR (int fee ins tax dep)73.7% - 77.1%
Transparency Index (min/max)71 - 106
Transparency Index (average)100

Product Summary

857
GHS 100 - 250
6
Credit Educ, Group Mtgs, Tech Asst Visits, Business Training
20.00% annual, Flat
None
None
None
10.00% upfront
 
N/A
61.0% - 64.7% (Int+Fee)
0
0
71.5% - 76.6%
26 - 115
27

Product Details

Key Statistics
Outstanding portfolio (MWK)MWK 424,119,000
Portfolio (USD)USD 1,087,484.62
Active Clients with Loans6,991
Approximate % Female Clients60% - 80%
Approximate % Urban Clients20% - 40%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Loan is given to a group of business people, between 5-10 in size. The repayment in monthly and there are group guarantees.
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 product23
Regions ActiveDedza, Dowa, Kasungu, Lilongwe, Mchinji, Ntcheu, Ntchisi, SalimaKaronga, Mzimba, Nkhata Bay, Rumphi, Balaka, Blantyre, Chikwawa, Chiradzulu, MachingaMangochi, Mulanje, Nsanje, Thyolo, Phalombe, Zomba

Product Details

Key Statistics
Outstanding portfolio (GHS)GHS 78,780
Portfolio (USD)USD 39,989.85
Active Clients with Loans857
Approximate % Female Clients80% - 100%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
This loan is given out to refugees and vulnerable people. It is mainly used for business purposes
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 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

Loan Conditions

Loan Amount
CurrencyMWK
Minimum loan sizeMWK 40,000
Maximum loan size500,000
Distribution at Disbursement (Est.)
Loans less than MWK 50,00020%
MWK 50,000-150,00030%
MWK 150,000-250,00040%
MWK 250,000-350,0005%
MWK 350,000-450,0005%
Greater than MWK 450,0005%
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 months80%
Between 7 and 9 months20%
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage10%
Average grace period2.0 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

Loan Conditions

Loan Amount
CurrencyGHS
Minimum loan sizeGHS 100
Maximum loan sizeGHS 250
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term6.0 months
Approx average6.0 months
Grace Period
Grace period usage100%
Average grace period1.0 month
Repayment Frequency
Daily
Weeklyx
Every 2 weeks
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest6.50%
Highest quoted nominal interest6.50%
Interest rate periodMonthly
Interest Rate Calculation MethodDecl Bal
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
Ins 1
DescriptionInsurance Premium
% of loan amount - min0.50%
% of loan amount - max0.50%
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 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 interest20.00%
Highest quoted nominal interest20.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?Yes
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?
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited10.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
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

Full Pricing Data

Small Group 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)114434
Disbursement Date2012-11-092012-10-302012-08-222012-11-282012-09-072012-11-28
Loan Term (Months)6.0 months6.0 months6.0 months6.0 months6.0 months6.0 months
Grace Period (Months)0.0 months0.1 months0.1 months0.2 months0.1 months0.2 months
Total Cost of CreditMWK 12,220.52MWK 24,440.98MWK 49,000MWK 73,322.94MWK 98,000MWK 122,204.96
True Price by Comp           
Interest price component75.3%73.2%74.8%72.2%73.9%72.0%
Fee Component0.0%0.0%0.0%0.0%0.0%0.0%
Insurance Component1.8%1.7%1.8%1.8%1.8%1.7%
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)77.1%74.9%76.6%74.0%75.7%73.7%
Transparency Index100100100100100100
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF

Full Pricing Data

Agape Loan samples
Sample 1Sample 2Sample 3
Loan AmountGHS 300GHS 350GHS 400
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2010-09-302010-09-302010-09-30
Loan Term (Months)5.1 months5.1 months5.1 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 Component62.0%61.0%64.7%
Insurance Component0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%
Deposit Component10.9%10.5%11.8%
Full APR (int fee ins tax dep)72.9%71.5%76.6%
Transparency Index272826
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
Small 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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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