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Institution

Microloan Foundation Head OfficeKasungu, CentralPO Box 491
Data approved: 2012-11-15
Data version: 2
Age of data: 84 months

Institution

Cedi Finance Foundation Head OfficeAsafoKumasi, AshantiPO Box KS 12683
Data approved: 2013-02-21
Data version: 2
Age of data: 81 months

Institution Details

Institution TypeNon-Governmental Organization
Is this institution regulated?Yes
Website addresshttp://www.microloanfoundation.org.uk/Home
Year established2002
Head of InstitutionPeter Matumbo
Regions activeDowa, Kasungu, Lilongwe, Mchinji, Nkhotakota, Ntcheu, Ntchisi, SalimaKaronga, Mzimba, Nkhata Bay, Rumphi, Balaka, Blantyre, Chikwawa, MachingaMangochi, Mulanje
# Branches20

Total Portfolio (nat'l)MWK 662,269,793
Total Portfolio (USD)USD 1,698,127.67
Active clients with loans24,364
Approximate % female clients80% - 100%
Approximate % urban clients0% - 20%
Network affiliationsMAMN
FundersMicroloan Foundation, UK

Institution Details

Institution TypeNon-Governmental Organization
Is this institution regulated?Yes
Website addressN/A
Year established1999
Head of InstitutionJoseph S. K. Agamah
Regions activeEastern Region, Ashanti Region
# Branches2

Total Portfolio (nat'l)GHS 27,463
Total Portfolio (USD)USD 13,940.61
Active clients with loans109
Approximate % female clients60% - 80%
Approximate % urban clients60% - 80%
Network affiliationsASSFIN, GHAMFIN
FundersISODEC

Loan Products » Summary

355 Borrowers
USD 99,169.63 Portfolio
Active Product
1,425 Borrowers
USD 116,868.29 Portfolio
Active Product
20,988 Borrowers
USD 1,340,606.15 Portfolio
Active Product

Loan Products » Summary

109 Borrowers
USD 13,940.61 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Bridging Loan MWK 65,000 - 180,000 6 - 10 80% - 100% 0% - 20% Business Women, Have business Group Mtgs, Tech Asst Visits, Business Training, Other Training, Group Dynamics
Irrigation Loan MWK 18,000 - 80,000 3 - 7 80% - 100% 0% - 20% Business Women, Have business Credit Educ, Group Mtgs, Tech Asst Visits, Business Training, Other Training, Group Dynamics
Standard Loan MWK 18,000 - 80,000 4 80% - 100% 0% - 20% Business Women, Have business, Specific age group Credit Educ, Group Mtgs, Tech Asst Visits, Business Training, Other Training, Group Dyanamics

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Business Loan GHS 200 - 3,000 4 - 9 0% - 20% 0 Business, Small-scale businesses Women, Men, Have business, Must be an active farmer. , Must be a farmer group member, and live in the same community as the group. Credit Educ, Group Mtgs, Tech Asst Visits, Business Training, Other Training

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Bridging Loan 48.00% annual, Flat 0 Fees 0 Ins None 20.00% upfront 75.7% - 75.8% 107.4% - 107.5% 44
Irrigation Loan 57.00% annual, Flat 0 Fees 0 Ins None 10.00%-20.00% upfront 36.2% - 60.4% 45.9% - 83.7% 83
Standard Loan 60.00% annual, Flat 0 Fees 0 Ins None 10.00%-20.00% upfront 97.1% - 108.4% 147.6% - 166.7% 37

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Business Loan 48.00% annual, Flat 1 Fee 0 None 33.30% upfront 72.9% - 80.2% 141.6% - 150.5% 32

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Bridging Loan 48.00% annual, Flat 0 Fees 0 Ins Ins None 20.00% upfront 75.7% - 75.8% 107.4% - 107.5% 44
Irrigation Loan 57.00% annual, Flat 0 Fees 0 Ins Ins None 10.00%-20.00% upfront 36.2% - 60.4% 45.9% - 83.7% 83
Standard Loan 60.00% annual, Flat 0 Fees 0 Ins Ins None 10.00%-20.00% upfront 97.1% - 108.4% 147.6% - 166.7% 37

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Business Loan 48.00% annual, Flat 1 Fee 0 None 33.30% upfront 72.9% - 80.2% 141.6% - 150.5% 32
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