Institution Type | Non Bank Financial Institution |
Is this institution regulated? | Yes |
Website address | http://www.credife.com/ |
Year established | 1999 |
Head of Institution | Paul Alejandro Arias |
Regions active | |
# Branches | 117 |
Total Portfolio (nat'l) | USD 397,135,164 |
Total Portfolio (USD) | USD 397,135,164 |
Active clients with loans | 106,185 |
Approximate % female clients | 40% - 60% |
Approximate % urban clients | 40% - 60% |
Network affiliations | Accion Internacional, Red Financiera Rural |
Funders | Banco Pichincha C.A |
Institution Type | Cooperative |
Is this institution regulated? | N/A |
Website address | N/A |
Year established | 2004 |
Head of Institution | Anthony Mtali Ngwira |
Regions active | 0 |
# Branches | 4 |
Total Portfolio (nat'l) | MWK 615,884,079 |
Total Portfolio (USD) | USD 4,105,893.86 |
Active clients with loans | 33,228 |
Approximate % female clients | 80% - 100% |
Approximate % urban clients | 60% - 80% |
Network affiliations | Malawi Union of Savings and Credit Cooperations (MUSCCO), Malawi Microfinance Network (MAMN) |
Funders | HIVOS, CORDAID |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Consumo | USD 300 - 10,000 | 2 - 24 | 40% - 60% | 60% - 80% | Any Purpose | Women, Men, Have business | Credit Ins | |||||||
Credito Mejoramiento de Vivienda | USD 1,000 - 20,000 | 3 - 60 | 40% - 60% | 60% - 80% | Housing | Women, Men, Have home or land, Al menos 6 meses de relacion de crédito con la institución | Credit Ins | |||||||
Credito para Activo Fijo | USD 500 - 20,000 | 3 - 36 | 40% - 60% | 60% - 80% | Housing, Compra de terrenos destinados al negocio, Compra/arreglo locales comerciales | Women, Men, Have business, Al menos 24 meses de experiencia en su actividad | Credit Ins, Tech Asst Visits | |||||||
Credito para Capital de Trabajo | USD 300 - 20,000 | 2 - 24 | 40% - 60% | 60% - 80% | Business, Housing | Women, Men, Have business, Llevar sus negocios en condiciones de informalidad pero con un local fijo, Nacional o extranjero residente al menos dos años | Credit Ins |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mpamba (Individual Business Loan) | MWK 10,000 - 1,500,000 | 2 - 12 | 40% - 60% | 20% - 40% | ||||||||||
Mwai wa Mayi (Female Group Loan) | MWK 10,000 - 100,000 | 2 - 8 | 80% - 100% | 20% - 40% | ||||||||||
Phindu (Group Business) | MWK 10,000 - 250,000 | 3 - 12 | 20% - 40% | 20% - 40% | ||||||||||
Pompopompo (Emergency Loan) | MWK 1,120 - 30,000 | 2 - 5 | 20% - 40% | 60% - 80% | ||||||||||
Uchikumbe (Agriculture Loan) | MWK 7,500 - 200,000 | 4 - 10 | 20% - 40% | 0% - 20% |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Consumo | 24.5%-26.9% annual, Decl Bal | 0 Fees | 1 Ins | None | N/A | 22.9% - 26.8% | 23.5% - 27.5% | 98 | ||||||||
Credito Mejoramiento de Vivienda | 10.9%-26.9% annual, Decl Bal | 0 Fees | 2 Ins | None | N/A | 10.8% - 27.3% | 11.4% - 27.9% | 67 | ||||||||
Credito para Activo Fijo | 22.5%-26.9% annual, Decl Bal | 0 Fees | 1 Ins | None | N/A | 22.4% - 26.8% | 23.1% - 27.4% | 92 | ||||||||
Credito para Capital de Trabajo | 22.5%-26.9% annual, Decl Bal | 0 Fees | 1 Ins | None | N/A | 22.4% - 26.8% | 23.1% - 27.4% | 92 |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mpamba (Individual Business Loan) | 32.00% annual, Flat | 1 Fee | 0 Ins | N/A | 0% - 66.6% | 66.8% - 77% | ||||||||||
Mwai wa Mayi (Female Group Loan) | 36.00% annual, Flat | 1 Fee | 0 Ins | N/A | 63.9% - 65.7% | 71.8% - 73.8% | ||||||||||
Phindu (Group Business) | 30.00% annual, Flat | 2 Fees | 0 Ins | N/A | 0% - 65.4% | 67.1% - 75.8% | ||||||||||
Pompopompo (Emergency Loan) | 36.00% annual, Flat | 1 Fee | 0 Ins | N/A | 72.1% - 75.6% | 85.6% - 89.8% | ||||||||||
Uchikumbe (Agriculture Loan) | 32.00% annual, Flat | 2 Fees | 0 Ins | N/A | 62.4% - 62.8% | 68.4% - 69.4% |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Consumo | 24.5%-26.9% annual, Decl Bal | 0 Fees | 1 Ins Ins | None | N/A | 22.9% - 26.8% | 23.5% - 27.5% | 98 | ||||||||
Credito Mejoramiento de Vivienda | 10.9%-26.9% annual, Decl Bal | 0 Fees | 2 Ins Ins | None | N/A | 10.8% - 27.3% | 11.4% - 27.9% | 67 | ||||||||
Credito para Activo Fijo | 22.5%-26.9% annual, Decl Bal | 0 Fees | 1 Ins Ins | None | N/A | 22.4% - 26.8% | 23.1% - 27.4% | 92 | ||||||||
Credito para Capital de Trabajo | 22.5%-26.9% annual, Decl Bal | 0 Fees | 1 Ins Ins | None | N/A | 22.4% - 26.8% | 23.1% - 27.4% | 92 |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mpamba (Individual Business Loan) | 32.00% annual, Flat | 1 Fee | 0 Ins Ins | N/A | 0% - 66.6% | 66.8% - 77% | ||||||||||
Mwai wa Mayi (Female Group Loan) | 36.00% annual, Flat | 1 Fee | 0 Ins Ins | N/A | 63.9% - 65.7% | 71.8% - 73.8% | ||||||||||
Phindu (Group Business) | 30.00% annual, Flat | 2 Fees | 0 Ins Ins | N/A | 0% - 65.4% | 67.1% - 75.8% | ||||||||||
Pompopompo (Emergency Loan) | 36.00% annual, Flat | 1 Fee | 0 Ins Ins | N/A | 72.1% - 75.6% | 85.6% - 89.8% | ||||||||||
Uchikumbe (Agriculture Loan) | 32.00% annual, Flat | 2 Fees | 0 Ins Ins | N/A | 62.4% - 62.8% | 68.4% - 69.4% |
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