Please note that the information you are viewing is 149 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
Please note that the information you are viewing is 135 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Buusaa Gonofaa MFI Debrezeit RoadKirkos SubcityAddis AbabaPO Box 24850
Data approved: 2011-12-23
Data version: 1
Age of data: 149 months

Institution

CUMO Microfinance Ltd Plot 214-215 AirfieldDedzaPO Box 222
Data approved: 2012-11-23
Data version: 2
Age of data: 135 months

Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addressN/A
Year established1999
Head of InstitutionTeshome Yohannes Dayesso
Regions active
# Branches23

Total Portfolio (nat'l)ETB 76,548,872
Total Portfolio (USD)USD 4,160,264.78
Active clients with loans48,908
Approximate % female clients60% - 80%
Approximate % urban clients20% - 40%
Network affiliationsAEMFI, MAIN
FundersTerrafina Microfinance, SOS-FAIM, WSM, CIDR

Institution Details

Institution TypeNon-Governmental Organization
Is this institution regulated?Yes
Website addresshttp://www.concernuniversal.org/
Year established2000
Head of InstitutionEzikiel Phiri
Regions activeDedza, Dowa, Lilongwe, Ntcheu, Salima, Balaka, Chiradzulu, MachingaMangochi, Mulanje, Nsanje
# Branches2

Total Portfolio (nat'l)MWK 231,643,414
Total Portfolio (USD)USD 593,957.47
Active clients with loans48,013
Approximate % female clients60% - 80%
Approximate % urban clients20% - 40%
Network affiliationsMAMN, The MIX Market
FundersConcern Universal, USAID, UNDP UNCDF through FIMA, Irish Aid

Loan Products » Summary

5,000 Borrowers
USD 706,521.74 Portfolio
Active Product
15,000 Borrowers
USD 1,277,173.91 Portfolio
Active Product
22,000 Borrowers
USD 1,630,434.78 Portfolio
Active Product
5,000 Borrowers
USD 434,782.61 Portfolio
Active Product

Loan Products » Summary

790 Borrowers
USD 30,823.69 Portfolio
Active Product
47,223 Borrowers
USD 563,133.78 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Employee Loan ETB 500 - 10,000 6 - 24 20% - 40% 80% - 100% Any Purpose Women, Men, Salaried worker
General Purpose Loan - Homa Homa - Regular ETB 200 - 5,000 6 - 24 80% - 100% 80% - 100% Business Women, Men Group Mtgs
General Purpose Loan - Homa Homa - Term ETB 200 - 5,000 6 - 12 60% - 80% 0% - 20% Business, Agriculture Women, Men Group Mtgs
General Purpose Loan - Homa Homa - Variable ETB 200 - 5,000 6 - 12 60% - 80% 0% - 20% Business, Agriculture Women, Men Group Mtgs

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Fumba (Agricultural Loan) MWK 10,000 - 50,000 6 60% - 80% 0% - 20% Business, Used for only working capital purpose Women, Men, Have business Credit Educ, Group Mtgs, Credit Ins, Business Training, Environmental & HIV & AIDS education
Masika (Village Enterprise Loan) MWK 2,000 - 200,000 4 - 6 60% - 80% 0% - 20% Business, Used for only working capital purpose Women, Men Credit Educ, Group Mtgs, Credit Ins, Business Training, Environmental and HIV-AIDS Education

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Employee Loan 12.6% annual, Flat 1 Fee 0 Ins None 5.0% upfront 23.2% 24.9% 51
General Purpose Loan - Homa Homa - Regular 18.0% annual, Flat 1 Fee 0 Ins None 10.0% upfront 10.00 ongoing 32% - 35.3% 39% - 45.7% 43
General Purpose Loan - Homa Homa - Term 30.0% annual, Flat 1 Fee 0 Ins None 10.0% upfront 10.00 ongoing 34.1% - 34.2% 38.6% - 41.8% 76
General Purpose Loan - Homa Homa - Variable 24.0% annual, Flat 1 Fee 0 Ins None 10.0% upfront 10.00 ongoing 35.4% - 39.3% 41.7% - 46.9% 54

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Fumba (Agricultural Loan) 60.00% annual, Flat 1 Fee 1 Ins None 5.00% upfront 71.1% 80.3% 74
Masika (Village Enterprise Loan) 54.00%-72.00% annual, Flat 1 Fee 1 Ins None 5.00% upfront 104.4% 125.1% 43

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Employee Loan 12.6% annual, Flat 1 Fee 0 Ins Ins None 5.0% upfront 23.2% 24.9% 51
General Purpose Loan - Homa Homa - Regular 18.0% annual, Flat 1 Fee 0 Ins Ins None 10.0% upfront 10.00 ongoing 32% - 35.3% 39% - 45.7% 43
General Purpose Loan - Homa Homa - Term 30.0% annual, Flat 1 Fee 0 Ins Ins None 10.0% upfront 10.00 ongoing 34.1% - 34.2% 38.6% - 41.8% 76
General Purpose Loan - Homa Homa - Variable 24.0% annual, Flat 1 Fee 0 Ins Ins None 10.0% upfront 10.00 ongoing 35.4% - 39.3% 41.7% - 46.9% 54

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Fumba (Agricultural Loan) 60.00% annual, Flat 1 Fee 1 Ins Ins None 5.00% upfront 71.1% 80.3% 74
Masika (Village Enterprise Loan) 54.00%-72.00% annual, Flat 1 Fee 1 Ins Ins None 5.00% upfront 104.4% 125.1% 43
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