| Number borrowers | 786 |
| Loan Amount (range) | MWK 5,000 - 100,000 |
| Loan Term (range) | 4 - 6 |
| Other Services (text summary) | |
| Annual Interest & Method | 48.00% annual, Flat |
| Fees | |
| Insurance | |
| Tax | |
| Comp Dep | |
| Range of pricing | |
| Interest Price Component | N/A |
| Fee Component | 48.4% - 48.7% (Int+Fee) |
| Insurance Component | 4.7% - 9.6% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 54.7% - 57.3% |
| Transparency Index (min/max) | 44 - 88 |
| Transparency Index (average) |
| 1,189 |
| KES 5,000 - 70,000 |
| 3 - 9 |
| Group Mtgs, Business Training, Other Training |
| 22.0% annual, Flat |
| 3.00% upfront |
| None |
| None |
| 20.0% upfront |
| 34.7% - 93.6% |
| 0 - 12.6% |
| 0 |
| 0 |
| 67.2% - 79.2% |
| 27 - 96 |
| 29 |
| Outstanding portfolio (MWK) | MWK 6,500,000 |
| Portfolio (USD) | USD 43,333 |
| Active Clients with Loans | 786 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | Can be USED only for working capital |
| Other (2) |
| Credit education | x |
| Group meetings | |
| Credit insurance | x |
| Workplace visits | |
| Business training | x |
| Other training | |
| Other | |
| Other (2) | |
| No other services |
| Men | x |
| Women | x |
| Must run a business | |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | Must have a tea farming plot |
| Other (2) |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Outstanding portfolio (KES) | KES 12,718,447 |
| Portfolio (USD) | USD 153,604.43 |
| Active Clients with Loans | 1,189 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 60% - 80% |
| Individual | |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | x |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | |
| Group meetings | x |
| Credit insurance | |
| Workplace visits | |
| Business training | x |
| Other training | x |
| Other | |
| Other (2) | |
| No other services |
| Men | x |
| Women | x |
| Must run a business | x |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | 5 |
| # Regions for this product | 4 |
| Regions Active | Coast, Eastern, Nairobi, Rift Valley |
| Currency | MWK |
| Minimum loan size | MWK 5,000 |
| Maximum loan size | 100,000 |
| Shortest loan term | 4.0 months |
| Longest loan term | 6.0 months |
| Approx average | 6.0 months |
| Loans 3 months or less | N/A |
| Between 4 and 6 months | N/A |
| Between 7 and 9 months | N/A |
| Between 10 and 12 months | N/A |
| Between 13 and 18 months | N/A |
| Longer than 18 months | N/A |
| Grace period usage | 10% |
| Average grace period | 2.0 months |
| Daily | |
| Weekly | |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments | x |
| Currency | KES |
| Minimum loan size | KES 5,000 |
| Maximum loan size | 70,000 |
| Loans less than KES 50,000 | 80% |
| KES 50,000-150,000 | 20% |
| KES 150,000-250,000 | 0 |
| KES 250,000-350,000 | 0 |
| KES 350,000-450,000 | 0 |
| Greater than KES 450,000 | 0 |
| Shortest loan term | 3.0 months |
| Longest loan term | 9.0 months |
| Approx average | 6.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 50% |
| Between 7 and 9 months | 50% |
| Between 10 and 12 months | 0 |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | |
| Every 2 weeks | x |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 4.00% |
| Highest quoted nominal interest | 4.00% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | N/A |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Funeral Benefit Plan |
| % of loan amount - min | 2.00% |
| % of loan amount - max | 2.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | |
| Appears on Repayment Sched? | No |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | |
| Do borrowers control deposit in their group? |
| % loan amount deposited | 3.00% - N/A |
| or, Fixed-amount deposited | 0 - N/A |
| % loan amount deposited | 0 - N/A |
| or, Fixed-amount deposited | 0 - N/A |
| Conditions on access to deposit | Final Pmt |
| Minimum interest rate paid | 0 |
| Maximum interest rate paid | 0 |
| Interest payment frequency | N/A |
| Are taxes charged on this product? | No |
| Lowest quoted nominal interest | 1.83% |
| Highest quoted nominal interest | 1.83% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | upfront |
| % of loan amount - min | 3.00% |
| % of loan amount - max | 3.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | Yes |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | Yes |
| Do borrowers control deposit in their group? | Yes |
| % loan amount deposited | 20.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | End Term |
| Minimum interest rate paid | 0 |
| Maximum interest rate paid | 0 |
| Interest payment frequency | N/A |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | MWK 10,000 | MWK 30,000 | MWK 60,000 | ||
| Loan Cycle (1, 2, 3, etc) | |||||
| Disbursement Date | |||||
| Loan Term (Months) | 4.0 months | 6.0 months | 6.0 months | ||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
| Total Cost of Credit | Not Known | Not Known | Not Known | ||
| True Price by Comp | |||||
| Interest and Fee Component | 48.7% | 48.4% | 48.4% | ||
| Insurance Component | 6.8% | 4.7% | 4.7% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 1.7% | 1.7% | 1.7% | ||
| Full APR (int fee ins tax dep) | 57.3% | 54.7% | 54.7% | ||
| Transparency Index | 84 | 88 | 88 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
Loan Amount |
Type of Sample |
Disbursement Date |
Loan Term (Months) |
Grace Period (Months) |
Total Cost of Credit |
Full APR (int fee ins tax dep) |
True Price by Component |
Transparency Index |
Original Repayment Schedule |
MFT Pricing Calculation |
||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Interest price component |
Fee Component |
Insurance Component |
Tax Component |
Deposit Component |
||||||||||
| KES 5,000 | Generated | 2015-03-01 | 5.5 months | N/A | KES 655.38 | 79.2% | 39.2% | 12.6% | 0.0% | 0.0% | 27.4% | 28 | - | |
| KES 5,750 | Generated | 2015-03-01 | 8.7 months | N/A | KES 1,092.71 | 72.9% | 39.6% | 8.4% | 0.0% | 0.0% | 24.9% | 30 | - | |
| KES 18,000 | Generated | 2015-03-01 | 5.5 months | N/A | KES 2,359.37 | 79.2% | 39.2% | 12.6% | 0.0% | 0.0% | 27.4% | 28 | - | |
| KES 25,875 | Generated | 2015-03-01 | 8.7 months | N/A | KES 4,917.21 | 72.9% | 39.6% | 8.4% | 0.0% | 0.0% | 24.9% | 30 | - | |
| KES 36,000 | Generated | 2015-03-01 | 5.5 months | N/A | KES 4,718.74 | 79.2% | 39.2% | 12.6% | 0.0% | 0.0% | 27.4% | 28 | - | |
| KES 48,000 | Generated | 2015-03-01 | 9.0 months | N/A | KES 9,352.82 | 67.2% | 37.6% | 7.7% | 0.0% | 0.0% | 21.9% | 33 | - | |
| KES 60,000 | Generated | 2015-03-01 | 5.5 months | N/A | KES 7,864.57 | 79.2% | 39.2% | 12.6% | 0.0% | 0.0% | 27.4% | 28 | - | |
| KES 70,000 | Generated | 2015-03-01 | 9.0 months | N/A | KES 13,639.53 | 67.2% | 37.6% | 7.7% | 0.0% | 0.0% | 21.9% | 33 | - | |
| 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 |
| Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
|---|---|---|---|---|---|---|---|
| X Axis | ||||||
|---|---|---|---|---|---|---|
| Greater than: | ||||||
| Less or equal to: | ||||||
| N (# of Samples) | ||||||
| Total Borrrowers of Samples | ||||||
| Avg | ||||||
| Min | ||||||
| Max | ||||||
| Std Dev | ||||||
| By Inst Type | ||||||
| By Country | ||||||
| X Axis | ||||||
|---|---|---|---|---|---|---|
| Greater than: | ||||||
| Less or equal to: | ||||||
| From 0 to | ||||||
| to | ||||||
| to | ||||||
| to ∞ | ||||||
