Please note that the information you are viewing is 85 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE


Microloan Foundation Head OfficeKasungu, CentralPO Box 491
Data approved: 2012-11-15
Data version: 2
Age of data: 85 months


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Product Details

Key Statistics
Outstanding portfolio (MWK)MWK 522,836,400
Portfolio (USD)USD 1,340,606.15
Active Clients with Loans20,988
Approximate % Female Clients80% - 100%
Approximate % Urban Clients0% - 20%
Solidarity groupx
Village bankingx
Self help group
A basic loan given as working capital for generic businesses. The target clients are 100 percent women in groups of 15 to 18. Training is provided in 8 sessions prior to clients given loan. Several liability is used and no collateral is used.
Loan Purpose
Any purpose
Income generationx
Consumer loan
Other household finance
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurance
Workplace visitsx
Business trainingx
Other trainingx
OtherGroup Dyanamics
Other (2)
No other services
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age groupx
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution18
# Regions for this product20
Regions ActiveDowa, Kasungu, Lilongwe, Mchinji, Nkhotakota, Ntcheu, Ntchisi, SalimaKaronga, Mzimba, Nkhata Bay, Rumphi, Balaka, Blantyre, Chikwawa, MachingaMangochi, Mulanje, Phalombe, Zomba

Loan Conditions

Loan Amount
Minimum loan sizeMWK 18,000
Maximum loan size80,000
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 term4.0 months
Longest loan term4.0 months
Approx average4.0 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 period0
Repayment Frequency
Every 2 weeksx
Every 4 weeksx
Every 2 months
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Lowest quoted nominal interest5.00%
Highest quoted nominal interest5.00%
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
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
Are taxes charged on this product?No
Additional Comments
All first cycles incur compulsory savings of 10%. Within the cycle they save another 10% which makes 20% at close of cycle. For the loan samples here clients have saved 20% as they are in subsequent cycles.

Full Pricing Data

Standard Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountMWK 20,000MWK 30,000MWK 45,000MWK 60,000
Loan Cycle (1, 2, 3, etc)1012119
Disbursement Date2012-10-182012-10-222012-09-132012-09-13
Loan Term (Months)4.0 months3.8 months3.7 months3.7 months
Grace Period (Months)0.2 months0.0 months0.0 months0.0 months
Total Cost of CreditMWK 4,000MWK 6,000MWK 9,000MWK 12,000
True Price by Comp       
Interest price component97.1%106.6%108.4%108.4%
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 Component50.5%60.1%53.4%53.4%
Full APR (int fee ins tax dep)147.6%166.7%161.8%161.8%
Transparency Index41363737
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
Standard Loan Price Graphs

Please note that the information you are viewing is 82 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE


BestFUND Head OfficeCantomentsAccra, Greater AccraP.O. Box CT 5217
Data approved: 2013-03-04
Data version: 2
Age of data: 82 months

Institution Details

Institution TypeNon-Governmental Organization
Is this institution regulated?No
Website address
Year established2005
Head of InstitutionDr. Emmanuel Shaft Boamah
Regions activeGreater Accra Region, Ashanti Region
# Branches3

Total Portfolio (nat'l)GHS 8,220,420
Total Portfolio (USD)USD 4,172,802.03
Active clients with loans13,064
Approximate % female clients60% - 80%
Approximate % urban clients0% - 20%
Network affiliationsGHAMFIN, ASSFIN, AMT

Loan Products » Summary

1,211 Borrowers
USD 1,071,131.98 Portfolio
Active Product
9,642 Borrowers
USD 2,535,665.48 Portfolio
Active Product
2,211 Borrowers
USD 566,004.57 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Capacity Loan GHS 3,000 - 8,000 6 - 10 60% - 80% 0% - 20% Business, Education Women, Men, Have business, Salaried worker Credit Ins, Tech Asst Visits
Group Loan GHS 2,000 - 10,000 5 - 8 80% - 100% 0% - 20% Business, Education, Land Women, Men, Have business, Salaried worker Group Mtgs, Tech Asst Visits
Individual Loan GHS 500 - 1,000 4 - 6 60% - 80% 0% - 20% Business Women, Men, Have business Credit Ins

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Capacity Loan 36.0%-96.0% annual, Flat 1 Fee 0 Ins None 10.0% upfront 64.5% - 68% 74.9% - 78.8% 47
Group Loan 36.0%-96.0% annual, Flat 1 Fee 0 Ins None 10.0% upfront 59% - 70.2% 68.1% - 81.6% N/A
Individual Loan 36.0%-96.0% annual, Flat 1 Fee 0 Ins None 10.0% upfront 62.3% - 69.1% 72.1% - 80.2% 47
Institution Price Graph
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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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