Institution Type | Non Bank Financial Institution |
Is this institution regulated? | Yes |
Website address | http://www.microafricagroup.com/ |
Year established | 2000 |
Head of Institution | James Mugambi |
Regions active | Central, Coast, Eastern, Nairobi, Rift Valley |
# Branches | 11 |
Total Portfolio (nat'l) | KES 770,993,115 |
Total Portfolio (USD) | USD 9,311,511.05 |
Active clients with loans | 13,164 |
Approximate % female clients | 40% - 60% |
Approximate % urban clients | 40% - 60% |
Network affiliations | |
Funders |
Institution Type | Bank |
Is this institution regulated? | Yes |
Website address | http://www.oibm.mw/ |
Year established | 2003 |
Head of Institution | Cosmus Kowuoche |
Regions active | Dedza, Dowa, Kasungu, Lilongwe, Mchinji, Nkhotakota, Salima, ChitipaKaronga, Mzimba, Nkhata Bay, Rumphi, Blantyre, ChikwawaMangochi, Mulanje |
# Branches | 33 |
Total Portfolio (nat'l) | MWK 3,598,720,264 |
Total Portfolio (USD) | USD 9,227,487.86 |
Active clients with loans | 52,649 |
Approximate % female clients | 40% - 60% |
Approximate % urban clients | 40% - 60% |
Network affiliations | Opportunity International, MAMN, Bankers Association of Malawi |
Funders | Opportunity Transformation Investment, Opportunity Microfinance Investment, Trust for Transformation, Africap |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Biashara | KES 50,000 - 3,000,000 | 3 - 24 | 40% - 60% | 40% - 60% | Business, Housing, Other | Women, Men, Have business, Have home or land | Credit Educ, Credit Ins, Tech Asst Visits, Business Training, Other Training | |||||||
Group | KES 3,000 - 1,500,000 | 3 - 24 | 40% - 60% | 20% - 40% | Any Purpose | Women, Men, Have business, Must be known by the other members | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training | |||||||
Maji Nyumbani | KES 6,192 - 63,184 | 3 - 12 | 60% - 80% | 0% - 20% | This loan is for the purchase of water tanks only | Women, Men | Credit Educ, Other Training | |||||||
Government Check Off | KES 1 - 1,000,000 | 3 - 60 | 0% - 20% | 20% - 40% | Any Purpose | Women, Men, Salaried worker | Credit Educ | |||||||
Payroll (MOU) | KES 1 - 300,000 | 3 - 24 | 0% - 20% | 20% - 40% | Any Purpose | Women, Men, Salaried worker | Credit Educ, Credit Ins | |||||||
Solar | KES 2,990 - 41,400 | 3 - 12 | 40% - 60% | 0% - 20% | Housing | Women, Men | Credit Educ, Other Training | |||||||
Emergency | KES 3,000 - 10,000 | 3 - 4 | 40% - 60% | 40% - 60% | Any Purpose | Women, Men | Credit Educ, Other Training | |||||||
School Fees | KES 10,000 - 50,000 | 3 - 6 | 60% - 80% | 40% - 60% | Education | Women, Men | Credit Educ, Group Mtgs, Other Training | |||||||
Biogas | KES 20,000 - 250,000 | 3 - 18 | 40% - 60% | 0% - 20% | Consumer | Women, Men, Have home or land | Credit Educ, Group Mtgs, Tech Asst Visits, Other Training |
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% | Business | Women, Men, Running a farming enterprise | Credit Educ, Group Mtgs, Credit Ins, Business Training | |||||||
Masiko (Group) Loan | MWK 140,000 - 2,800,000 | 4 - 9 | 40% - 60% | 20% - 40% | Business | Women, Men, Have business | Credit Educ, Group Mtgs, Credit Ins, Business Training | |||||||
Mzati (Individual) Loan | MWK 50,000 - 1,000,000 | 3 - 12 | 40% - 60% | 40% - 60% | Business | Women, Men, Have business, Have home or land, Must have assets as collateral | Credit Educ, Credit Ins, Business Training, Other Training, Social Issues Training (HIV/AIDS, Gender, Vision Building),, Mthunzi (Shelter) Insurance | |||||||
Payroll Loan | MWK 15,000 - 4,000,000 | 3 - 48 | 20% - 40% | 40% - 60% | Any Purpose | Women, Men, Salaried worker, Age must be above 18 years | Credit Ins |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Biashara | 22.0% annual, Flat | 2 Fees | 1 Ins | None | 41.5% - 47.5% | 44.3% - 64% | 44 | |||||||||
Group | 20.0% annual, Flat | 2 Fees | 1 Ins | None | 15.0%-20.0% upfront 400.00 ongoing | 37% - 42.9% | 59.1% - 79.9% | 31 | ||||||||
Maji Nyumbani | 22.0% annual, Flat | 0 Fees | 1 Ins | None | 10.0%-20.0% upfront | 37.9% - 38.5% | 49.8% - 52% | 43 | ||||||||
Government Check Off | 23.3%-30.0% annual, Flat | 2 Fees | 1 Ins | None | N/A | 49.8% - 51.9% | 50.9% - 52.4% | 45 | ||||||||
Payroll (MOU) | 22.0% annual, Flat | 2 Fees | 1 Ins | None | N/A | 41.9% - 46% | 43.7% - 49.1% | 48 | ||||||||
Solar | 20.0% annual, Flat | 0 Fees | 0 Ins | None | N/A | 34.4% - 35.6% | 34.4% - 35.6% | 57 | ||||||||
Emergency | 18.0% annual, Flat | 1 Fee | 1 Ins | None | N/A | 29.7% - 31.6% | 38.6% - 41.2% | 45 | ||||||||
School Fees | 22.0% annual, Flat | 0 Fees | 1 Ins | None | N/A | 31.6% - 34.2% | 37.8% - 40.9% | 91 | ||||||||
Biogas | 20.0% annual, Flat | 2 Fees | 1 Ins | None | N/A | 32.3% - 32.4% | 35.8% - 35.9% | 56 |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Agriculture Loan | 37.00%-40.00% annual, Decl Bal | 1 Fee | 0 Ins | None | 15.00% upfront | 33.6% - 33.9% | 38.7% - 39% | 95 | ||||||||
Masiko (Group) Loan | 48.75% annual, Flat | 1 Fee | 0 Ins | None | 15.00% upfront | 72.5% - 74.7% | 90.5% - 94.1% | 52 | ||||||||
Mzati (Individual) Loan | 42.00% annual, Flat | 2 Fees | 1 Ins | None | 15.00% upfront | 70% - 111.5% | 92.3% - 144.5% | 39 | ||||||||
Payroll Loan | 45.00% annual, Decl Bal | 1 Fee | 0 Ins | None | N/A | 34.7% - 45.7% | 34.7% - 45.7% | 100 |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Biashara | 22.0% annual, Flat | 2 Fees | 1 Ins Ins | None | 41.5% - 47.5% | 44.3% - 64% | 44 | |||||||||
Group | 20.0% annual, Flat | 2 Fees | 1 Ins Ins | None | 15.0%-20.0% upfront 400.00 ongoing | 37% - 42.9% | 59.1% - 79.9% | 31 | ||||||||
Maji Nyumbani | 22.0% annual, Flat | 0 Fees | 1 Ins Ins | None | 10.0%-20.0% upfront | 37.9% - 38.5% | 49.8% - 52% | 43 | ||||||||
Government Check Off | 23.3%-30.0% annual, Flat | 2 Fees | 1 Ins Ins | None | N/A | 49.8% - 51.9% | 50.9% - 52.4% | 45 | ||||||||
Payroll (MOU) | 22.0% annual, Flat | 2 Fees | 1 Ins Ins | None | N/A | 41.9% - 46% | 43.7% - 49.1% | 48 | ||||||||
Solar | 20.0% annual, Flat | 0 Fees | 0 Ins Ins | None | N/A | 34.4% - 35.6% | 34.4% - 35.6% | 57 | ||||||||
Emergency | 18.0% annual, Flat | 1 Fee | 1 Ins Ins | None | N/A | 29.7% - 31.6% | 38.6% - 41.2% | 45 | ||||||||
School Fees | 22.0% annual, Flat | 0 Fees | 1 Ins Ins | None | N/A | 31.6% - 34.2% | 37.8% - 40.9% | 91 | ||||||||
Biogas | 20.0% annual, Flat | 2 Fees | 1 Ins Ins | None | N/A | 32.3% - 32.4% | 35.8% - 35.9% | 56 |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Agriculture Loan | 37.00%-40.00% annual, Decl Bal | 1 Fee | 0 Ins Ins | None | 15.00% upfront | 33.6% - 33.9% | 38.7% - 39% | 95 | ||||||||
Masiko (Group) Loan | 48.75% annual, Flat | 1 Fee | 0 Ins Ins | None | 15.00% upfront | 72.5% - 74.7% | 90.5% - 94.1% | 52 | ||||||||
Mzati (Individual) Loan | 42.00% annual, Flat | 2 Fees | 1 Ins Ins | None | 15.00% upfront | 70% - 111.5% | 92.3% - 144.5% | 39 | ||||||||
Payroll Loan | 45.00% annual, Decl Bal | 1 Fee | 0 Ins Ins | None | N/A | 34.7% - 45.7% | 34.7% - 45.7% | 100 |
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