| Institution Type | RurBank |
| Is this institution regulated? | Yes |
| Website address | http://www.firstmacrobank.com/ |
| Year established | 1960 |
| Head of Institution | Reggie Ocampo |
| Regions active | |
| # Branches | 8 |
| Total Portfolio (nat'l) | PhP 28,000,000 |
| Total Portfolio (USD) | USD 669,856.46 |
| Active clients with loans | 3,000 |
| Approximate % female clients | 80% - 100% |
| Approximate % urban clients | 60% - 80% |
| Network affiliations | Rural Bankers Association of the Philippines, People's Credit and Finance Corporation |
| Funders |
| Institution Type | Non-Governmental Organization |
| Is this institution regulated? | Yes |
| Website address | http://www.mardef.mw |
| Year established | 2005 |
| Head of Institution | Joseph Mononga |
| Regions active | Dedza, Dowa, Kasungu, Lilongwe, Mchinji, Nkhotakota, Ntcheu, Ntchisi, Salima, ChitipaKaronga, Likoma, Mzimba, Nkhata Bay, Rumphi, Balaka, Blantyre, Chikwawa, Chiradzulu, MachingaMangochi, Mulanje, Mwanza, Nsanje |
| # Branches | 28 |
| Total Portfolio (nat'l) | MWK 994,727,000 |
| Total Portfolio (USD) | USD 2,550,582.05 |
| Active clients with loans | 166,575 |
| Approximate % female clients | 40% - 60% |
| Approximate % urban clients | 0% - 20% |
| Network affiliations | MAMN |
| Funders | Government of Malawi |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sikap | PHP 5,000 - 15,000 | 5.8 | 80% - 100% | 40% - 60% | Business | Women, Must have net income of > P2000 per month | Credit Educ, Group Mtgs, Tech Asst Visits, Life insurance | |||||||
| Unlad | PHP 5,000 - 150,000 | 1 - 6 | 80% - 100% | 60% - 80% | Business | Women, Men, Have business | Credit Ins, Tech Asst Visits |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group Loan | MWK 150,000 - 500,000 | 6 - 18 | 40% - 60% | 0% - 20% | Business | Women, Men, Have business | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training, Group Dynamics |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sikap | 30.0% annual, Flat | 1 Fee | 1 Ins | 5.00% loan amt | 5.0% upfront 20.00 ongoing | 68.4% - 70.6% | 113.4% - 134.3% | 24 | ||||||||
| Unlad | 24.0%-36.0% annual, Flat | 2 Fees | 1 Ins | 0.50% loan amt | 10.00% ongoing | 77.5% - 85.5% | 92.7% - 102.3% | 25 |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group Loan | 28.00% annual, Decl Bal | 1 Fee | 1 Ins | None | N/A | 24.3% - 30.5% | 24.9% - 31.1% | 100 |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sikap | 30.0% annual, Flat | 1 Fee | 1 Ins Ins | 5.00% loan amt | 5.0% upfront 20.00 ongoing | 68.4% - 70.6% | 113.4% - 134.3% | 24 | ||||||||
| Unlad | 24.0%-36.0% annual, Flat | 2 Fees | 1 Ins Ins | 0.50% loan amt | 10.00% ongoing | 77.5% - 85.5% | 92.7% - 102.3% | 25 |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group Loan | 28.00% annual, Decl Bal | 1 Fee | 1 Ins Ins | None | N/A | 24.3% - 30.5% | 24.9% - 31.1% | 100 |
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