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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: 117 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
1st Valley Bank38,90048,291,0003133
AJDFI13,100884,0006133
ARDCI44,6009,403,0001133
ASA Philippines333,40029,282,0001133
ASHI35,4005,231,0006133
ASKI60,00015,247,0004133
Bangko Kabayan8,9002,373,0002133
BSEI60073,0002133
CBI8,1002,010,0005133
CCT70,3009,504,0004133
CEV35,4005,111,0004133
DSPI59,3003,676,0003133
ECLOF5,4001,836,0004133
FCB12,0002,392,0002133
FMB2,700710,0002133
GM Bank23,5001,553,0003133
HSPFI19,1001,899,0002133
JVOFI1,300281,0001133
Katipunan Bank42,1005,325,0002133
KDCI20,5002,095,0003133
KGI32,3003,421,0004133
KMBI245,00015,098,0001133
LTMPC37,4008,935,0003133
Mallig Plains6,500641,0002133
MILAMDEC29,8003,278,0002133
MWIMPC11,8001,740,0004132
NWTF105,50012,698,0005133
OFMPC4,400964,0001133
PBC50,70010,434,0004133
PCSD700167,0001133
PMPC23,5005,565,0008133
RB Angeles9001,502,0002133
RB Labason500289,0001133
RBLI5,2001,026,0002133
RBMI11,9001,750,0002133
RMB100173,0001133
RSPI39,6002,834,0004133
SAFRAGEMC1,100229,0001133
Salve10,9001,191,0003133
SEDP27,0003,914,0003133
TSKI212,90025,187,0002133
TSPI264,50031,290,0007133
Valient1,700672,0002133
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Key Statistics
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Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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