Number borrowers | 423 |
Loan Amount (range) | MWK 5,000 - 1,500,000 |
Loan Term (range) | 3 - 12 |
Other Services (text summary) | |
Annual Interest & Method | 42.00% annual, Flat |
Fees | 3.00% upfront |
Insurance | 2.00% upfront |
Tax | None |
Comp Dep | 50.00% upfront |
Range of pricing | |
Interest Price Component | 54.5% - 72.2% |
Fee Component | 5.6% - 18.8% |
Insurance Component | 3.9% - 12.9% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 233.9% - 303.8% |
Transparency Index (min/max) | 11 - 26 |
Transparency Index (average) | 15 |
34,913 |
AZN 100 - 20,000 |
3 - 36 |
23.0%-35.0% annual, Decl Bal |
2.00%-3.00% upfront |
None |
None |
N/A |
21.8% - 38.4% |
1.5% - 7.1% |
0 |
0 |
28.7% - 40.6% |
57 - 94 |
67 |
Outstanding portfolio (MWK) | MWK 15,423,024.54 |
Portfolio (USD) | USD 39,546.22 |
Active Clients with Loans | 423 |
Approximate % Female Clients | 0% - 20% |
Approximate % Urban Clients | 20% - 40% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | x |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | |
Group meetings | |
Credit insurance | |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services | x |
Men | x |
Women | x |
Must run a business | x |
Must own a home or land | |
Must be a salaried worker | x |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | 5 |
# Regions for this product | 5 |
Regions Active | Lilongwe, Mchinji, Salima, Mzimba, Blantyre |
Outstanding portfolio (AZN) | AZN 46,933,189 |
Portfolio (USD) | USD 60,170,755.13 |
Active Clients with Loans | 34,913 |
Approximate % Female Clients | 0% - 20% |
Approximate % Urban Clients | 40% - 60% |
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 | |
Other (2) |
Credit education | |
Group meetings | |
Credit insurance | |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services | x |
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 | 8 |
# Regions for this product | 8 |
Regions Active | Absheron, Ganja-Qazakh, Shaki-Zaqatala, Lankaran-Astara, Quba-Khachmaz, Orta Kur, Daglig-Shirvan, Nakhichevan |
Currency | MWK |
Minimum loan size | MWK 5,000 |
Maximum loan size | 1,500,000 |
Loans less than MWK 50,000 | 30% |
MWK 50,000-150,000 | 20% |
MWK 150,000-250,000 | 10% |
MWK 250,000-350,000 | 10% |
MWK 350,000-450,000 | 10% |
Greater than MWK 450,000 | 10% |
Shortest loan term | 3.0 months |
Longest loan term | 12.0 months |
Approx average | 6.0 months |
Loans 3 months or less | 10% |
Between 4 and 6 months | 20% |
Between 7 and 9 months | 20% |
Between 10 and 12 months | 50% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 100% |
Average grace period | 1.0 month |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Currency | AZN |
Minimum loan size | AZN 100 |
Maximum loan size | 20,000 |
Loans less than AZN 1,000 | 30% |
AZN 1,000-5,000 | 70% |
AZN 5,000-8,000 | 0 |
AZN 8,000-11,000 | 0 |
AZN 11,000-14,000 | 0 |
Greater than AZN 14,000 | 0 |
Shortest loan term | 3.0 months |
Longest loan term | 36.0 months |
Approx average | 15.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 5% |
Between 10 and 12 months | 50% |
Between 13 and 18 months | 30% |
Longer than 18 months | 15% |
Grace period usage | 10% |
Average grace period | 3.0 months |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 42.00% |
Highest quoted nominal interest | 42.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Processing Fee |
% 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? | No |
Ins 1 | |
---|---|
Description | Insurance Premium |
% of loan amount - min | 2.00% |
% of loan amount - max | 2.00% |
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 | 50.00% |
or, Fixed-amount deposited | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
Conditions on access to deposit | End Term |
Minimum interest rate paid | N/A |
Maximum interest rate paid | N/A |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
Lowest quoted nominal interest | 23.00% |
Highest quoted nominal interest | 35.00% |
Reason(s) why interest rate varies | Branch, Loan Size |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Commission Fee |
% of loan amount - min | 2.00% |
% of loan amount - max | 3.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Commission varies with loan amount. 2% applied on loan amount AZN 4000 and above, 3% on less than AZN 4000. 2% commission flat fee is applicable for Nakhchivan only |
Appears on Repayment Sched? | No |
Required for | Never |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | N/A |
Do borrowers control deposit in their group? | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
Conditions on access to deposit | N/A |
Minimum interest rate paid | N/A |
Maximum interest rate paid | N/A |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | MWK 9,000 | MWK 35,000 | MWK 50,000 | MWK 100,000 | MWK 260,000 | ||||
Loan Cycle (1, 2, 3, etc) | 4 | 1 | 2 | 9 | 7 | ||||
Disbursement Date | 2012-12-12 | 2012-09-18 | 2012-12-21 | 2012-09-06 | 2012-12-12 | ||||
Loan Term (Months) | 5.0 months | 4.1 months | 6.0 months | 12.0 months | 12.0 months | ||||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | ||||
Total Cost of Credit | MWK 2,025 | MWK 6,650 | MWK 13,000 | MWK 47,000 | MWK 122,200 | ||||
True Price by Comp | |||||||||
Interest price component | 65.9% | 63.8% | 67.1% | 68.5% | 68.4% | ||||
Fee Component | 12.7% | 15.2% | 11.1% | 6.3% | 6.4% | ||||
Insurance Component | 8.8% | 10.4% | 7.6% | 4.4% | 4.3% | ||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Deposit Component | 207.3% | 214.4% | 201.5% | 155.1% | 154.8% | ||||
Full APR (int fee ins tax dep) | 294.7% | 303.8% | 287.3% | 234.3% | 233.9% | ||||
Transparency Index | 14 | 14 | 15 | 18 | 18 | ||||
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 |
||||||||||
AZN 100 | Generated | 2014-10-01 | 12.1 months | 0.0 months | AZN 15.71 | 28.7% | 22.8% | 5.9% | 0.0% | 0.0% | 0.0% | 80 | - | |
AZN 100 | Generated | 2014-10-01 | 12.1 months | 0.0 months | AZN 22.67 | 40.6% | 34.5% | 6.1% | 0.0% | 0.0% | 0.0% | 57 | - | |
AZN 115 | Generated | 2014-10-01 | 18.1 months | 0.0 months | AZN 33.40 | 34.8% | 30.6% | 4.2% | 0.0% | 0.0% | 0.0% | 66 | - | |
AZN 115 | Generated | 2014-10-01 | 10.0 months | 0.0 months | AZN 17.37 | 32.7% | 25.7% | 7.0% | 0.0% | 0.0% | 0.0% | 70 | - | |
AZN 2,040 | Generated | 2014-10-01 | 12.1 months | 0.0 months | AZN 430.10 | 37.5% | 33.5% | 4.0% | 0.0% | 0.0% | 0.0% | 61 | - | |
AZN 720 | Generated | 2014-10-01 | 12.1 months | 0.0 months | AZN 126.60 | 31.7% | 27.7% | 4.0% | 0.0% | 0.0% | 0.0% | 73 | - | |
AZN 2,400 | Generated | 2014-10-01 | 18.1 months | 0.0 months | AZN 675.57 | 33.8% | 29.6% | 4.2% | 0.0% | 0.0% | 0.0% | 68 | - | |
AZN 960 | Generated | 2014-10-01 | 18.1 months | 0.0 months | AZN 304.73 | 37.8% | 33.5% | 4.3% | 0.0% | 0.0% | 0.0% | 61 | - | |
AZN 2,760 | Generated | 2014-10-01 | 36.4 months | 0.0 months | AZN 1,668.55 | 34.1% | 32.6% | 1.5% | 0.0% | 0.0% | 0.0% | 67 | - | |
AZN 1,300 | Generated | 2014-10-01 | 14.1 months | 0.0 months | AZN 270.68 | 32.1% | 28.7% | 3.4% | 0.0% | 0.0% | 0.0% | 72 | - | |
AZN 1,500 | Generated | 2014-10-01 | 18.1 months | 0.0 months | AZN 434.08 | 34.4% | 31.6% | 2.8% | 0.0% | 0.0% | 0.0% | 67 | - | |
AZN 2,400 | Generated | 2014-10-01 | 12.1 months | 0.0 months | AZN 449.86 | 33.6% | 29.6% | 4.0% | 0.0% | 0.0% | 0.0% | 68 | - | |
AZN 2,760 | Generated | 2014-10-01 | 14.1 months | 0.0 months | AZN 650.24 | 36.1% | 32.6% | 3.5% | 0.0% | 0.0% | 0.0% | 64 | - |
Key Statistics | |
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# 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 |
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By Country | ||||||
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