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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: 135 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
AGFS20047,0002149
Ahantaman RB23,8009,896,0004131
APED13,7001,876,0002131
ASA Initiative4,400577,0004131
ASA-Ghana71,60018,385,0002131
ASPI80088,0006131
Atwima Kwanwoma3,8001,788,0002131
Baobab5,100967,0002131
BestFUND13,0004,172,0003131
Bonzali Rural10,4001,691,0004149
CashPhase83135,0002131
CASUD1,100524,0001131
CEDEF50054,0004131
CFF10013,0001131
CRAN3,6001,019,0002131
DQF1,70063,0002131
EASL9,20011,409,0006131
East Mamprusi12,5002,268,0004131
ELDA000131
EMPRETEC Ghana20056,0002131
FASL13,50014,047,0008131
Grameen Ghana9,500507,0003131
ID-Ghana5,600953,0003131
Innovative Finance2,700354,0003131
Kraban Support7,700781,0005149
KRB4,0006,350,0003131
Lower Pra RB34,0006,316,0003149
Maata-N-Tudu12,000941,0004131
Mail Finance300288,0001131
Markaz000131
Markaz Al Bishara10017,0001131
MicrofinPlus Gh1,100251,0002131
Nwabiagya RB4,0002,265,0003131
OISL62,00027,232,0009131
Pro Credit000131
Rich Step100101,0001131
SAT147,60029,359,0004131
Sekam Trust600137,0002131
Simli Pong8,900463,0003149
SS Ghana20035,0001131
TCCU10032,0003131
The Bridge40032,0003149
Union RB3,8002,361,0004131
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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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