2. FINCOOP
Please note that the information you are viewing is 136 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. D^Miro
Please note that the information you are viewing is 156 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Finance Cooperative Limited ADL House, 3rd FloorCity CenterLilongwe, Central
Data approved: 2011-01-31
Data version: 1
Age of data: -   months 
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Institution

BANCO D-MIRO S.A. Cooperativa Americo Vespucio II Manzana A Solar 8Guayaquil, GuayasN/A
Data approved: 2011-06-27
Data version: 1
Age of data: 156 months

Institution Details

Institution TypeCooperative
Is this institution regulated?N/A
Website addressN/A
Year established2004
Head of InstitutionAnthony Mtali Ngwira
Regions active0
# Branches4

Total Portfolio (nat'l)MWK 615,884,079
Total Portfolio (USD)USD 4,105,893.86
Active clients with loans33,228
Approximate % female clients80% - 100%
Approximate % urban clients60% - 80%
Network affiliationsMalawi Union of Savings and Credit Cooperations (MUSCCO), Malawi Microfinance Network (MAMN)
FundersHIVOS, CORDAID

Institution Details

Institution TypeBank
Is this institution regulated?Yes
Website addresshttp://www.d-miro.org/
Year established2010
Head of InstitutionCarlos Egas Guerra
Regions active
# Branches14

Total Portfolio (nat'l)USD 33,162,498
Total Portfolio (USD)USD 33,162,498
Active clients with loans37,455
Approximate % female clients40% - 60%
Approximate % urban clients80% - 100%
Network affiliationsRed Financiera Rural
FundersPettelaar Effectenbewaarbedrijf N.V. - SNS, Triple Jump, Microvest Fund, Credit Suisse Microfinance Fund Management Company

Loan Products » Summary

Mpamba (Individual Business Loan)
9,968 Borrowers
USD 1,453,333 Portfolio
Active Product
Mwai wa Mayi (Female Group Loan)
5,989 Borrowers
USD 328,472 Portfolio
Active Product
Phindu (Group Business)
4,984 Borrowers
USD 615,884 Portfolio
Active Product
Pompopompo (Emergency Loan)
665 Borrowers
USD 82,118 Portfolio
Active Product
Uchikumbe (Agriculture Loan)
21,598 Borrowers
USD 2,668,838 Portfolio
Active Product

Loan Products » Summary

Asalariado
1,848 Borrowers
USD 1,535,932.83 Portfolio
Active Product
Solidario
536 Borrowers
USD 98,301.18 Portfolio
Active Product
Emprended.
274 Borrowers
USD 186,658.07 Portfolio
Active Product
Individual
30,054 Borrowers
USD 21,578,604.36 Portfolio
Active Product
Indiv. Vida
233 Borrowers
USD 82,092.15 Portfolio
Active Product
Preferencial
322 Borrowers
USD 1,463,939.66 Portfolio
Active Product
Triangular
1,556 Borrowers
USD 1,157,907.63 Portfolio
Active Product
Vivienda
2,043 Borrowers
USD 1,563,054.44 Portfolio
Active Product
Creer
46 Borrowers
USD 26,206.86 Portfolio
Low Volume Product
Note: MFTransparency presents full data for active products with over 50 borrowers. Basic data is shown for lower volume products

Loan Products » Conditions

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%

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Crédito Asalariado USD 600 - 2,000 10 - 12 40% - 60% 80% - 100% Any Purpose Women, Men, Salaried worker Credit Ins
Grupo Solidario USD 400 - 800 6 - 12 80% - 100% 80% - 100% Business Women, Men, Have business Credit Ins
Jovénes Emprendedores USD 600 - 1,000 6 - 36 40% - 60% 80% - 100% Business Women, Men, Specific age group Credit Ins
Microcrédito Individual USD 400 - 20,000 10 - 36 60% - 80% 60% - 80% Business Women, Men, Have business Credit Ins
Microcrédito Individual Vida USD 400 - 20,000 6 - 36 40% - 60% 80% - 100% Business Women, Men, Have business, Specific age group Credit Ins, Servicio de protección familiar en caso de fallecimiento del titular o conyuge, incapacidad total y permanente
Microcrédito Preferencial USD 5,000 - 20,000 12 - 36 40% - 60% 80% - 100% Business Women, Men, Have business Credit Ins
Microcrédito Triangular USD 800 - 2,000 6 - 36 40% - 60% 80% - 100% Business Women, Men, Have business Credit Ins
Microcrédito Vivienda USD 1,000 - 20,000 6 - 36 40% - 60% 80% - 100% Business, Housing Women, Men, Have business, Have home or land Credit Ins

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% 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%

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Crédito Asalariado 15.2% annual, Decl Bal 1 Fee 0 Ins None N/A 15.4% 28.2% - 29.3% 53
Grupo Solidario 26.9% annual, Decl Bal 1 Fee 0 Ins None N/A 27.3% 40.2% - 41.6% 65
Jovénes Emprendedores 26.9% annual, Decl Bal 1 Fee 0 Ins None N/A 27.3% 39.4% - 40.5% 67
Microcrédito Individual 22.9%-26.9% annual, Decl Bal 1 Fee 0 Ins None N/A 24.9% - 27.3% 37.5% - 39.7% 59
Microcrédito Individual Vida 22.9%-26.9% annual, Decl Bal 0 Fees 0 Ins None N/A 27.3% 27.3% 84
Microcrédito Preferencial 21.0%-24.5% annual, Decl Bal 1 Fee 0 Ins None N/A 21.3% - 23.3% 24.6% - 26.9% 80
Microcrédito Triangular 26.9% annual, Decl Bal 1 Fee 0 Ins None N/A 27.3% 39.5% - 41.6% 66
Microcrédito Vivienda 22.9%-26.9% annual, Decl Bal 1 Fee 0 Ins None N/A 27.3% 39.2% - 40.1% 57

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% annual, Flat 1 Fee 0 Ins Ins N/A 0% - 66.6% 66.8% - 77%
Mwai wa Mayi (Female Group Loan) 36.00% annual, Flat 1 Fee 0 Ins Ins N/A 63.9% - 65.7% 71.8% - 73.8%
Phindu (Group Business) 30.00% annual, Flat 2 Fees 0 Ins Ins N/A 0% - 65.4% 67.1% - 75.8%
Pompopompo (Emergency Loan) 36.00% annual, Flat 1 Fee 0 Ins Ins N/A 72.1% - 75.6% 85.6% - 89.8%
Uchikumbe (Agriculture Loan) 32.00% annual, Flat 2 Fees 0 Ins Ins N/A 62.4% - 62.8% 68.4% - 69.4%

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Crédito Asalariado 15.2% annual, Decl Bal 1 Fee 0 Ins Ins None N/A 15.4% 28.2% - 29.3% 53
Grupo Solidario 26.9% annual, Decl Bal 1 Fee 0 Ins Ins None N/A 27.3% 40.2% - 41.6% 65
Jovénes Emprendedores 26.9% annual, Decl Bal 1 Fee 0 Ins Ins None N/A 27.3% 39.4% - 40.5% 67
Microcrédito Individual 22.9%-26.9% annual, Decl Bal 1 Fee 0 Ins Ins None N/A 24.9% - 27.3% 37.5% - 39.7% 59
Microcrédito Individual Vida 22.9%-26.9% annual, Decl Bal 0 Fees 0 Ins Ins None N/A 27.3% 27.3% 84
Microcrédito Preferencial 21.0%-24.5% annual, Decl Bal 1 Fee 0 Ins Ins None N/A 21.3% - 23.3% 24.6% - 26.9% 80
Microcrédito Triangular 26.9% annual, Decl Bal 1 Fee 0 Ins Ins None N/A 27.3% 39.5% - 41.6% 66
Microcrédito Vivienda 22.9%-26.9% annual, Decl Bal 1 Fee 0 Ins Ins None N/A 27.3% 39.2% - 40.1% 57
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Key Statistics
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Loan Portfolio (USD)
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% Products with one or more insurances
% Products with compulsory deposits
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