| Institution Type | Cooperative |
| Is this institution regulated? | N/A |
| Website address | N/A |
| Year established | 2004 |
| Head of Institution | Anthony Mtali Ngwira |
| Regions active | 0 |
| # Branches | 4 |
| Total Portfolio (nat'l) | MWK 615,884,079 |
| Total Portfolio (USD) | USD 4,105,893.86 |
| Active clients with loans | 33,228 |
| Approximate % female clients | 80% - 100% |
| Approximate % urban clients | 60% - 80% |
| Network affiliations | Malawi Union of Savings and Credit Cooperations (MUSCCO), Malawi Microfinance Network (MAMN) |
| Funders | HIVOS, CORDAID |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mpamba (Individual Business Loan) | MWK 10,000 - 1,500,000 | 2 - 12 | 40% - 60% | 20% - 40% | ||||||||||
| Mwai wa Mayi (Female Group Loan) | MWK 10,000 - 100,000 | 2 - 8 | 80% - 100% | 20% - 40% | ||||||||||
| Phindu (Group Business) | MWK 10,000 - 250,000 | 3 - 12 | 20% - 40% | 20% - 40% | ||||||||||
| Pompopompo (Emergency Loan) | MWK 1,120 - 30,000 | 2 - 5 | 20% - 40% | 60% - 80% | ||||||||||
| Uchikumbe (Agriculture Loan) | MWK 7,500 - 200,000 | 4 - 10 | 20% - 40% | 0% - 20% |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mpamba (Individual Business Loan) | 32.00% annual, Flat | 1 Fee | 0 Ins | N/A | 0% - 66.6% | 66.8% - 77% | ||||||||||
| Mwai wa Mayi (Female Group Loan) | 36.00% annual, Flat | 1 Fee | 0 Ins | N/A | 63.9% - 65.7% | 71.8% - 73.8% | ||||||||||
| Phindu (Group Business) | 30.00% annual, Flat | 2 Fees | 0 Ins | N/A | 0% - 65.4% | 67.1% - 75.8% | ||||||||||
| Pompopompo (Emergency Loan) | 36.00% annual, Flat | 1 Fee | 0 Ins | N/A | 72.1% - 75.6% | 85.6% - 89.8% | ||||||||||
| Uchikumbe (Agriculture Loan) | 32.00% annual, Flat | 2 Fees | 0 Ins | N/A | 62.4% - 62.8% | 68.4% - 69.4% |
| Institution | # Borrowers | Portfolio (US$) | Products | Age of Data |
|---|---|---|---|---|
| Banco Solidario | 79,700 | 221,716,000 | 1 | 163 |
| CEPESIU | 2,000 | 939,000 | 4 | 163 |
| COAC 4 Octubre | 2,200 | 5,771,000 | 2 | 163 |
| COAC Ambato | 1,300 | 16,415,000 | 2 | 163 |
| COAC FondVida | 2,500 | 4,200,000 | 4 | 163 |
| COAC LaBenefica | 2,500 | 8,482,000 | 6 | 163 |
| COAC MCCH | 5,300 | 10,020,000 | 2 | 163 |
| COAC Nacional | 30,700 | 27,129,000 | 2 | 163 |
| COAC San José | 10,400 | 29,133,000 | 5 | 163 |
| COAC SanAntonio | 1,000 | 2,384,000 | 3 | 163 |
| COAC SantaAnita | 2,000 | 2,532,000 | 6 | 163 |
| Codesarrollo | 14,400 | 40,328,000 | 7 | 163 |
| Coop San Miguel | 1,800 | 4,754,000 | 5 | 160 |
| CooP VPR | 700 | 1,052,000 | 4 | 163 |
| Cooprogreso | 7,900 | 32,244,000 | 4 | 163 |
| Credi Fe | 100,900 | 380,039,000 | 4 | 163 |
| D^Miro | 36,900 | 27,692,000 | 9 | 156 |
| DECOF | 2,200 | 705,000 | 2 | 163 |
| Espoir | 62,100 | 21,036,000 | 5 | 163 |
| FODEMI | 28,200 | 12,924,000 | 3 | 163 |
| Fundacion Alternativa | 4,300 | 5,545,000 | 2 | 163 |
| FUNDAMIC | 2,000 | 1,468,000 | 2 | 163 |
| INSOTEC | 7,000 | 6,047,000 | 4 | 163 |
| Luz del Valle | 6,400 | 11,300,000 | 3 | 163 |
| ProCredit | 43,800 | 211,941,000 | 2 | 163 |
| PS Ambato | 5,600 | 2,771,000 | 1 | 163 |
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