| Institution Type | Private 'For-Profit' |
| Is this institution regulated? | N/A |
| Website address | http://www.oibm.mw/ |
| Year established | 2003 |
| Head of Institution | Aleksandr-Alain Kalanda |
| Regions active | 0 |
| # Branches | 28 |
| Total Portfolio (nat'l) | MWK 4,500,000,000 |
| Total Portfolio (USD) | USD 30,000,000 |
| Active clients with loans | 48,000 |
| Approximate % female clients | 40% - 60% |
| Approximate % urban clients | 40% - 60% |
| Network affiliations | Opportunity International, Malawi Microfinance Network, Bankers Association of Malawi |
| Funders | Opportunity Transformation Investment, Opportunity Microfinance Investment Ltd., Trust for Transformation, Africap |
| Institution Type | Non-Governmental Organization |
| Is this institution regulated? | No |
| Website address | N/A |
| Year established | 1987 |
| Head of Institution | Dr. Vicente R. Geducos, CPA |
| Regions active | |
| # Branches | 9 |
| Total Portfolio (nat'l) | PhP 77,295,975.67 |
| Total Portfolio (USD) | USD 1,849,186.02 |
| Active clients with loans | 18,350 |
| Approximate % female clients | 80% - 100% |
| Approximate % urban clients | 0% - 20% |
| Network affiliations | Opportunity International Network, Alliance for Philippine Partners in Enterprise Development (APPEND), Mindanao Microfinance Council (MMC), Philippine Partnership for the Development of Human Resources in Rural Areas (PhilDHRRA) |
| Funders | OIKOCredit, People's Credit and Finance Corporation (PCFC), PinoyMe Foundation, Small Business Corporation (SBC) |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Agriculture Loan | MWK 200,000 - 50,000,000 | 3 - 48 | 20% - 40% | 0% - 20% | ||||||||||
| Masiko (Group) Loan | MWK 35,000 - 2,000,000 | 4 - 9 | 40% - 60% | 20% - 40% | ||||||||||
| Mzati (Individual) Loan | MWK 30,000 - 600,000 | 3 - 12 | 40% - 60% | 40% - 60% | ||||||||||
| Payroll Loan | MWK 1,000 - 4,000,000 | 3 - 48 | 20% - 40% | 40% - 60% |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group Loan | PHP 3,000 - 30,000 | 3 - 10 | 80% - 100% | 0% - 20% | Business | Women, Men, Have business, Have home or land | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training, Community Development Program | |||||||
| Individual Loan | PHP 10,000 - 40,000 | 3 - 10 | 80% - 100% | 0% - 20% | Business | Women, Men, Have business, Have home or land | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training, Community Development Program |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Agriculture Loan | 26.00%-27.00% annual, Decl Bal | 1 Fee | 0 Ins | 31.5% - 31.6% | 35.9% - 36% | |||||||||||
| Masiko (Group) Loan | 35.75% annual, Flat | 1 Fee | 0 Ins | 0% - 63% | 75.9% - 81% | |||||||||||
| Mzati (Individual) Loan | 21.60%-30.00% annual, Flat | 1 Fee | 0 Ins | 0% - 68.9% | 57.2% - 128.3% | |||||||||||
| Payroll Loan | 24.50% annual, Decl Bal | 1 Fee | 0 Ins | N/A | 0% | 0% |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group Loan | 36.0% annual, Flat | 1 Fee | 1 Ins | None | 5.0% upfront 40.00 ongoing | 80.6% - 93.1% | 94.6% - 216.6% | 27 | ||||||||
| Individual Loan | 36.0% annual, Flat | 1 Fee | 1 Ins | None | 5.0% upfront | 84.5% - 85.9% | 99.6% - 108.9% | 34 |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Agriculture Loan | 26.00%-27.00% annual, Decl Bal | 1 Fee | 0 Ins Ins | 31.5% - 31.6% | 35.9% - 36% | |||||||||||
| Masiko (Group) Loan | 35.75% annual, Flat | 1 Fee | 0 Ins Ins | 0% - 63% | 75.9% - 81% | |||||||||||
| Mzati (Individual) Loan | 21.60%-30.00% annual, Flat | 1 Fee | 0 Ins Ins | 0% - 68.9% | 57.2% - 128.3% | |||||||||||
| Payroll Loan | 24.50% annual, Decl Bal | 1 Fee | 0 Ins Ins | N/A | 0% | 0% |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group Loan | 36.0% annual, Flat | 1 Fee | 1 Ins Ins | None | 5.0% upfront 40.00 ongoing | 80.6% - 93.1% | 94.6% - 216.6% | 27 | ||||||||
| Individual Loan | 36.0% annual, Flat | 1 Fee | 1 Ins Ins | None | 5.0% upfront | 84.5% - 85.9% | 99.6% - 108.9% | 34 |
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