Institution # Borrowers Portfolio (US$) Products Age of Data
ACLEDA235,200215,086,0006129
AMK288,20063,784,00016101
AMRET299,500149,542,0008101
Chamroeun48,1007,480,000481
Farmer Finance200407,0001101
First Finance5005,819,0001101
HKL73,40093,842,0003101
KREDIT61,80059,319,0009101
Maxima2,9003,179,0003101
PRASAC138,500251,931,0009101
Seilanithih15,2007,516,0005101
SPN35,10029,828,0006101
TPC120,00045,931,00013101
VF Cambodia148,60048,984,00018101
Please note that the information you are viewing is 105 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

CUMO Microfinance Ltd Plot 214-215 AirfieldDedzaPO Box 222
Data approved: 2012-11-23
Data version: 2
Age of data: 105 months

Product

Masika (Village Enterprise Loan) Product 2 of 3 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (MWK)MWK 219,622,176
Portfolio (USD)USD 563,133.78
Active Clients with Loans47,223
Approximate % Female Clients60% - 80%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity groupx
Village bankingx
Self help group
Other
Description
Small scale business loans for start ups and business expansion. The loan is extended using group lending methodology. Actual amount per client depends on the clients repayment capability.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
OtherUsed for only working capital purpose
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visits
Business trainingx
Other training
OtherEnvironmental and HIV-AIDS Education
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 institution11
# Regions for this product13
Regions ActiveDedza, Dowa, Lilongwe, Ntcheu, Salima, Balaka, Chiradzulu, MachingaMangochi, Mulanje, Thyolo, Phalombe, Zomba

Loan Conditions

Loan Amount
CurrencyMWK
Minimum loan sizeMWK 2,000
Maximum loan size200,000
Distribution at Disbursement (Est.)
Loans less than MWK 50,00040%
MWK 50,000-150,00030%
MWK 150,000-250,00030%
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 term6.0 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
Daily
Weekly
Every 2 weeksx
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest4.50%
Highest quoted nominal interest6.00%
Reason(s) why interest rate variesTime as Client, Loan Size, Client Risk
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionLoan Processing Fee
% of loan amount - min3.00%
% of loan amount - max3.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionCredit Insurance -Life&Health
% of loan amount - min2.00%
% of loan amount - max2.00%
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 forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?No
Deposit BEFORE or AT Disbursement
% loan amount deposited5.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositFinal Pmt
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

Masika (Village Enterprise Loan) samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountMWK 10,000MWK 25,000MWK 50,000MWK 100,000MWK 160,000
Loan Cycle (1, 2, 3, etc)146Not KnownNot Known
Disbursement Date2012-08-302012-08-302012-08-302012-08-302012-08-30
Loan Term (Months)3.7 months3.7 months3.7 months3.7 months3.7 months
Grace Period (Months)-0.1 months-0.1 months0.0 months-0.1 months0.0 months
Total Cost of CreditMWK 2,300MWK 5,750MWK 11,500MWK 23,000MWK 36,800
True Price by Comp         
Interest price component87.9%87.9%87.9%87.9%87.9%
Fee Component16.5%16.5%16.5%16.5%16.5%
Insurance Component11.4%11.4%11.4%11.4%11.4%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component9.3%9.3%9.3%9.3%9.3%
Full APR (int fee ins tax dep)125.1%125.1%125.1%125.1%125.1%
Transparency Index4343434343
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF
Masika (Village Enterprise 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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