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Institution

Finance Savings and Credit Cooperative MUSCCO HouseLilongwePO Box 1292
Data approved: 2013-01-04
Data version: 2
Age of data: 103 months

Product

Pompopompo (Emergency Loan) Product 4 of 7 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (MWK)MWK 1,390,686
Portfolio (USD)USD 3,565.86
Active Clients with Loans122
Approximate % Female Clients40% - 60%
Approximate % Urban Clients80% - 100%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
This is a short-term loan to take care of emergencies.
Loan Purpose
Any purpose
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household financex
Other
Other (2)
Included Services
Credit educationx
Group meetings
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried workerx
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution5
# Regions for this product5
Regions ActiveLilongwe, Mchinji, Salima, Mzimba, Blantyre

Loan Conditions

Loan Amount
CurrencyMWK
Minimum loan sizeMWK 1,120
Maximum loan size30,000
Distribution at Disbursement (Est.)
Loans less than MWK 50,000100%
MWK 50,000-150,0000
MWK 150,000-250,0000
MWK 250,000-350,0000
MWK 350,000-450,0000
Greater than MWK 450,0000
Loan Term and Grace Period
Shortest loan term2.0 months
Longest loan term5.0 months
Approx average4.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less100%
Between 4 and 6 months0
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 weeks
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 interest36.00%
Highest quoted nominal interest36.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing 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
DescriptionInsurance Premium
% 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?Yes
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?Yes
Do borrowers control deposit in their group?Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited50.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositAccess During
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Full Pricing Data

Pompopompo (Emergency Loan) samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountMWK 8,000MWK 9,000MWK 17,000MWK 30,000
Loan Cycle (1, 2, 3, etc)1971
Disbursement Date2012-09-182012-04-132012-09-072012-08-08
Loan Term (Months)3.0 months3.0 months3.0 months3.1 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditMWK 1,300MWK 1,395MWK 2,762.50MWK 4,875
True Price by Comp       
Interest price component64.8%60.6%64.8%64.1%
Fee Component18.7%18.8%18.7%18.5%
Insurance Component12.9%12.8%12.9%12.7%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component212.0%206.0%212.0%209.0%
Full APR (int fee ins tax dep)308.4%298.2%308.4%304.3%
Transparency Index12121212
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
Pompopompo (Emergency Loan) Price Graphs


Institution # Borrowers Portfolio (US$) Products Age of Data
ACB-SA4,3351,476,2886103
Comicoka827758,4354103
COOJAD511823,2156103
COOPEDU2,0297,549,8359103
Duterimbere6,6074,365,0443103
Goshen2,0763,716,0085120
Inkingi2,6482,593,3665120
RML4,9603,473,7813103
UCU3,3911,603,5244103
Urwego37,90014,755,0006
Vision Finance14,2263,474,6466120
Wisigara2,177904,7083103
Zamuka253124,4453103
Zigama CSS53,80659,670,7532120
Caps / Zoom options
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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