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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: 101 months

Institution Details

Institution TypeCredit Union / Cooperative
Is this institution regulated?Yes
Website addressN/A
Year established2004
Head of InstitutionKingsley Mulewa
Regions activeLilongwe, Mchinji, Salima, Mzimba, Blantyre
# Branches5

Total Portfolio (nat'l)MWK 106,822,473.20
Total Portfolio (USD)USD 273,903.78
Active clients with loans4,221
Approximate % female clients40% - 60%
Approximate % urban clients60% - 80%
Network affiliationsMUSCCO, MAMN
FundersHivos, Cordaid, MUSSCO

Loan Products » Summary

584 Borrowers
USD 87,645.46 Portfolio
Active Product
1,240 Borrowers
USD 32,650.35 Portfolio
Active Product
800 Borrowers
USD 34,888.54 Portfolio
Active Product
122 Borrowers
USD 3,565.86 Portfolio
Active Product
423 Borrowers
USD 39,546.22 Portfolio
Active Product
562 Borrowers
USD 69,686.92 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Mpamba (Individual Business Loan) MWK 6,000 - 1,500,000 3 - 12 40% - 60% 60% - 80% Business, Housing, Consumer, Education Women, Men, Have business, Have home or land Credit Educ, Credit Ins, Business Training
Mwai wa Mayi (Female Group Loan) MWK 5,000 - 500,000 6 80% - 100% 60% - 80% Business Women, Have business Credit Educ, Group Mtgs, Credit Ins, Business Training, Other Training
Phindu (Group Business) MWK 5,000 - 500,000 6 - 12 20% - 40% 20% - 40% Business Women, Men, Have business, Salaried worker Credit Educ, Group Mtgs, Credit Ins, Business Training
Pompopompo (Emergency Loan) MWK 1,120 - 30,000 2 - 5 40% - 60% 80% - 100% Other Women, Men, Have business, Salaried worker Credit Educ, Credit Ins
Umphawi (Share Oriented Loan) MWK 5,000 - 1,500,000 3 - 12 0% - 20% 20% - 40% Any Purpose Women, Men, Have business, Salaried worker
Payroll Loan MWK 5,000 - 1,500,000 3 - 12 20% - 40% 40% - 60% Any Purpose Women, Men, Salaried worker Credit Educ

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Mpamba (Individual Business Loan) 32.00%-42.00% annual, Flat 1 Fee 1 Ins None 50.00% upfront 60.1% - 78.9% 187.8% - 297% 12
Mwai wa Mayi (Female Group Loan) 45.00% annual, Flat 1 Fee 1 Ins None 33.33% upfront 82.1% - 82.8% 177% - 177.8% 25
Phindu (Group Business) 45.00% annual, Flat 1 Fee 1 Ins None 33.33% upfront 82.3% - 83.4% 176.4% - 179.8% 25
Pompopompo (Emergency Loan) 36.00% annual, Flat 1 Fee 1 Ins None 50.00% upfront 79.4% - 83.5% 298.2% - 308.4% 11
Umphawi (Share Oriented Loan) 42.00% annual, Flat 1 Fee 1 Ins None 50.00% upfront 74.8% - 79% 233.9% - 303.8% 15
Payroll Loan 38.00% annual, Flat 1 Fee 1 Ins None 50.00% upfront 68.8% - 74% 223.1% - 291.3% 16
Institution Price Graph
Institution # Borrowers Portfolio (US$) Products Age of Data
AGFS20047,0002116
Ahantaman RB23,8009,896,000498
APED13,7001,876,000298
ASA Initiative4,400577,000498
ASA-Ghana71,60018,385,000298
ASPI80088,000698
Atwima Kwanwoma3,8001,788,000298
Baobab5,100967,000298
BestFUND13,0004,172,000398
Bonzali Rural10,4001,691,0004116
CashPhase83135,000298
CASUD1,100524,000198
CEDEF50054,000498
CFF10013,000198
CRAN3,6001,019,000298
DQF1,70063,000298
EASL9,20011,409,000698
East Mamprusi12,5002,268,000498
ELDA00098
EMPRETEC Ghana20056,000298
FASL13,50014,047,000898
Grameen Ghana9,500507,000398
ID-Ghana5,600953,000398
Innovative Finance2,700354,000398
Kraban Support7,700781,0005116
KRB4,0006,350,000398
Lower Pra RB34,0006,316,0003116
Maata-N-Tudu12,000941,000498
Mail Finance300288,000198
Markaz00098
Markaz Al Bishara10017,000198
MicrofinPlus Gh1,100251,000298
Nwabiagya RB4,0002,265,000398
OISL62,00027,232,000998
Pro Credit00098
Rich Step100101,000198
SAT147,60029,359,000498
Sekam Trust600137,000298
Simli Pong8,900463,0003116
SS Ghana20035,000198
TCCU10032,000398
The Bridge40032,0003116
Union RB3,8002,361,000498
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Key Statistics
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% Products with compulsory deposits
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Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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