| Number borrowers | 54 |
| Loan Amount (range) | MWK 5,000 - 2,000,000 |
| Loan Term (range) | 4 - 12 |
| Other Services (text summary) | Credit Educ, Group Mtgs |
| Annual Interest & Method | 42.00% annual, Flat |
| Fees | 2 fees |
| Insurance | None |
| Tax | None |
| Comp Dep | 10.00% upfront |
| Range of pricing | |
| Interest Price Component | 43.6% - 69.1% |
| Fee Component | 5.6% - 36.4% |
| Insurance Component | 0 |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 91.0% - 93.2% |
| Transparency Index (min/max) | 34 - 86 |
| Transparency Index (average) | 45 |
| 6,533 |
| MAD 20,500 - 40,000 |
| 6 - 48 |
| Credit Educ, Group Mtgs, Tech Asst Visits, Business Training, Other Training |
| 21.6% annual, Decl Bal |
| 125.00 upfront 1.50% upfront |
| None |
| None |
| N/A |
| 10.3% - 31.5% |
| 0.7% - 15.2% |
| 0 |
| 0 |
| 23.2% - 28.5% |
| 62 - 107 |
| 86 |
| Outstanding portfolio (MWK) | MWK 12,059,498.45 |
| Portfolio (USD) | USD 30,921.79 |
| Active Clients with Loans | 54 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 80% - 100% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | Not unacceptable businesses e.g beer brewing, tobacco, charcoal. |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| Credit insurance | |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services |
| Men | x |
| Women | x |
| Must run a business | x |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | 10 |
| # Regions for this product | 2 |
| Regions Active | Lilongwe, Blantyre |
| Outstanding portfolio (MAD) | MAD 120,074,000 |
| Portfolio (USD) | USD 14,126,352.94 |
| Active Clients with Loans | 6,533 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 80% - 100% |
| Individual | |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | Financement du fond de roulement ou d'investissement |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| Credit insurance | |
| Workplace visits | x |
| Business training | x |
| Other training | x |
| Other | |
| Other (2) | |
| No other services |
| Men | x |
| Women | x |
| Must run a business | x |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | 12 |
| # Regions for this product | 12 |
| Regions Active | Tangier-Tétouan, East and the Rif, Fes-Meknes, Rabat-Sale-Kenitra, Beni Mellal-Khenifra, Settat-Casablanca, Marrakesh-Safi, Drâa-Tafilalt, Souss-Massa, Guelmim-Oued NounEl Aiun-Saguia al Hamra, Dakhla-Oued Addahab |
| Currency | MWK |
| Minimum loan size | MWK 5,000 |
| Maximum loan size | 2,000,000 |
| Loans less than MWK 50,000 | 0 |
| MWK 50,000-150,000 | 5% |
| MWK 150,000-250,000 | 15% |
| MWK 250,000-350,000 | 40% |
| MWK 350,000-450,000 | 40% |
| Greater than MWK 450,000 | 40% |
| Shortest loan term | 4.0 months |
| Longest loan term | 12.0 months |
| Approx average | 6.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 70% |
| Between 7 and 9 months | 20% |
| Between 10 and 12 months | 10% |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| Grace period usage | 100% |
| Average grace period | 10 days |
| Daily | |
| Weekly | |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Currency | MAD |
| Minimum loan size | MAD 20,500 |
| Maximum loan size | 40,000 |
| Loans less than MAD 5,000 | 0 |
| MAD 5,000-15,000 | 0 |
| MAD 15,000-25,000 | 10% |
| MAD 25,000-35,000 | 60% |
| MAD 35,000-45,000 | 30% |
| Greater than MAD 45,000 | 30% |
| Shortest loan term | 6.0 months |
| Longest loan term | 48.0 months |
| Approx average | 30.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 60% |
| Between 7 and 9 months | 10% |
| Between 10 and 12 months | 10% |
| Between 13 and 18 months | 10% |
| Longer than 18 months | 10% |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | x |
| Every 2 weeks | x |
| Every 4 weeks | x |
| Monthly | |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 3.50% |
| Highest quoted nominal interest | 3.50% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | Fee 2 | ||
|---|---|---|---|
| Description | Application Fee | Registration Fee | |
| % of loan amount - min | 3.50% | 0 | |
| % of loan amount - max | 3.50% | 0 | |
| OR, Fixed amount - min | 0 | 500 | |
| Fixed amount - max | 0 | 500 | |
| Reason for variation | N/A | Only for 1st-cycle loans | |
| Appears on Repayment Sched? | No | No |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | No |
| Do borrowers control deposit in their group? | No |
| % loan amount deposited | 10.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 10.00% |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | End Term |
| Minimum interest rate paid | 3.00% |
| Maximum interest rate paid | 3.00% |
| Interest payment frequency | Quarterly |
| Are taxes charged on this product? | No |
| Lowest quoted nominal interest | 1.80% |
| Highest quoted nominal interest | 1.80% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | Fee 2 | ||
|---|---|---|---|
| Description | Frais de dossier | Commission d'accompagnement solidaire (CAS) | |
| % of loan amount - min | 0 | 1.50% | |
| % of loan amount - max | 0 | 1.50% | |
| OR, Fixed amount - min | 125 | 0 | |
| Fixed amount - max | 125 | 0 | |
| Reason for variation | N/A | N/A | |
| Appears on Repayment Sched? | Yes | Yes |
| Required for | Never |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | N/A |
| Do borrowers control deposit in their group? | N/A |
| % loan amount deposited | N/A |
| or, Fixed-amount deposited | N/A |
| % loan amount deposited | N/A |
| or, Fixed-amount deposited | N/A |
| Conditions on access to deposit | N/A |
| Minimum interest rate paid | N/A |
| Maximum interest rate paid | N/A |
| Interest payment frequency | N/A |
| Are taxes charged on this product? | No |
| Sample 4 | Sample 5 | Sample 6 | |||
|---|---|---|---|---|---|
| Loan Amount | MWK 100,000 | MWK 300,000 | MWK 500,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2012-11-23 | 2012-07-30 | 2013-01-25 | ||
| Loan Term (Months) | 6.0 months | 6.0 months | 8.0 months | ||
| Grace Period (Months) | 0.4 months | 0.4 months | 0.3 months | ||
| Total Cost of Credit | MWK 25,000 | MWK 74,000 | MWK 158,000 | ||
| True Price by Comp | |||||
| Interest price component | 61.1% | 60.6% | 64.0% | ||
| Fee Component | 13.4% | 12.2% | 9.9% | ||
| Insurance Component | 0.0% | 0.0% | 0.0% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 18.7% | 18.2% | 19.0% | ||
| Full APR (int fee ins tax dep) | 93.2% | 91.0% | 92.9% | ||
| Transparency Index | 45 | 46 | 45 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | MAD 20,000 | MAD 30,000 | MAD 40,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2013-04-04 | 2013-03-29 | 2013-04-18 | ||
| Loan Term (Months) | 17.0 months | 28.0 months | 34.0 months | ||
| Grace Period (Months) | 0.4 months | 0.3 months | 0.4 months | ||
| Total Cost of Credit | MAD 4,440 | MAD 9,120 | MAD 14,549 | ||
| True Price by Comp | |||||
| Interest price component | 25.5% | 21.9% | 21.8% | ||
| Fee Component | 3.0% | 1.7% | 1.4% | ||
| Insurance Component | 0.0% | 0.0% | 0.0% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 0.0% | 0.0% | 0.0% | ||
| Full APR (int fee ins tax dep) | 28.5% | 23.6% | 23.2% | ||
| Transparency Index | 76 | 91 | 93 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Key Statistics | |
|---|---|
| # Samples: | |
| # Products | |
| # Institutions | |
| # Countries | |
| # Borrowers | |
| Loan Portfolio (USD) | |
| % Products using declining balance | |
| % Products with one or more fee | |
| % Products with one or more insurances | |
| % Products with compulsory deposits |
| Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
|---|---|---|---|---|---|---|---|
| X Axis | ||||||
|---|---|---|---|---|---|---|
| Greater than: | ||||||
| Less or equal to: | ||||||
| N (# of Samples) | ||||||
| Total Borrrowers of Samples | ||||||
| Avg | ||||||
| Min | ||||||
| Max | ||||||
| Std Dev | ||||||
| By Inst Type | ||||||
| By Country | ||||||
| X Axis | ||||||
|---|---|---|---|---|---|---|
| Greater than: | ||||||
| Less or equal to: | ||||||
| From 0 to | ||||||
| to | ||||||
| to | ||||||
| to ∞ | ||||||
