Institution Type | Non-Governmental Organization |
Is this institution regulated? | Yes |
Website address | http://www.finca.org/ |
Year established | 1994 |
Head of Institution | Ponsiano Ndyabahika |
Regions active | Dedza, Dowa, Kasungu, Lilongwe, Mchinji, Nkhotakota, Ntcheu, Ntchisi, SalimaKaronga, Mzimba, Nkhata Bay, Rumphi, Balaka, Blantyre, Chikwawa, Chiradzulu, MachingaMangochi, Mulanje, Mwanza, Nsanje |
# Branches | 18 |
Total Portfolio (nat'l) | MWK 1,463,320,000 |
Total Portfolio (USD) | USD 3,752,102.56 |
Active clients with loans | 29,927 |
Approximate % female clients | 60% - 80% |
Approximate % urban clients | 20% - 40% |
Network affiliations | MAMN, Council of Non-Governmental Organizations (CONGOMA) |
Funders | FINCA International |
Institution Type | RurBank |
Is this institution regulated? | Yes |
Website address | http://www.1stvalleybank.com/ |
Year established | 1956 |
Head of Institution | Atty. Nicolas J. Lim |
Regions active | |
# Branches | 23 |
Total Portfolio (nat'l) | PhP 3,284,057,363 |
Total Portfolio (USD) | USD 78,565,965.62 |
Active clients with loans | 70,630 |
Approximate % female clients | 40% - 60% |
Approximate % urban clients | 40% - 60% |
Network affiliations | Bangko Sentral ng Pilipinas (BSP), Rural Bankers Association of the Philippines (RBAP), Microenterprise Access to Banking Services (MABS), Microfinance Council of the Philippines, Inc. (MCPI) |
Funders |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Individual Business Loan | MWK 50,000 - 4,500,000 | 6 - 12 | 20% - 40% | 40% - 60% | Business | Women, Men, Have business | Credit Ins | |||||||
Village Banking Loan | MWK 5,000 - 400,000 | 4 - 6 | 60% - 80% | 0% - 20% | Business | Women, Men, Have business | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training, Team work, etc. | |||||||
Small Group Loan | MWK 40,000 - 500,000 | 6 - 12 | 60% - 80% | 20% - 40% | Business | Women, Men, Have business | Credit Ins |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Barangay and LGU Livelihood Loan | PHP 10,000 - 250,000 | 12 - 24 | 20% - 40% | 40% - 60% | Business, Agriculture | Women, Men, Salaried worker, Specific age group, 18-70 years old, Barangay & LGU Officials | Credit Ins | |||||||
DepEd APDS Loan | PHP 20,000 - 250,000 | 12 - 24 | 60% - 80% | 40% - 60% | Any Purpose | Women, Men, Salaried worker | Credit Ins | |||||||
Microfinance Loan | PHP 3,000 - 150,000 | 0.9 - 12 | 80% - 100% | 20% - 40% | Business, Agriculture, Housing | Women, Men, Specific age group, 18-65 years old | Credit Ins, Tech Asst Visits |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Individual Business Loan | 60.00%-67.20% annual, Decl Bal | 1 Fee | 0 Ins | None | N/A | 62.8% - 71.1% | 62.8% - 71.1% | 89 | ||||||||
Village Banking Loan | 84.00%-90.00% annual, Decl Bal | 0 Fees | 1 Ins | None | 10.00% upfront | 83.5% - 96.1% | 99.9% - 118.1% | 78 | ||||||||
Small Group Loan | 78.00% annual, Decl Bal | 0 Fees | 1 Ins | None | N/A | 72% - 75.3% | 73.7% - 77.1% | 100 |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Barangay and LGU Livelihood Loan | 18.0%-20.0% annual, Flat | 2 Fees | 1 Ins | None | 500.00 upfront | 39.1% - 39.7% | 39.4% - 45.1% | 42 | ||||||||
DepEd APDS Loan | 9.0% annual, Flat | 2 Fees | 1 Ins | None | 1,000.00 upfront 10.00 ongoing | 21.3% - 21.5% | 23.5% - 24.8% | 37 | ||||||||
Microfinance Loan | 30.0% annual, Flat | 2 Fees | 1 Ins | None | 5.0% upfront 10.00 ongoing | 68.6% - 96.4% | 80.2% - 120.9% | 32 |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Individual Business Loan | 60.00%-67.20% annual, Decl Bal | 1 Fee | 0 Ins Ins | None | N/A | 62.8% - 71.1% | 62.8% - 71.1% | 89 | ||||||||
Village Banking Loan | 84.00%-90.00% annual, Decl Bal | 0 Fees | 1 Ins Ins | None | 10.00% upfront | 83.5% - 96.1% | 99.9% - 118.1% | 78 | ||||||||
Small Group Loan | 78.00% annual, Decl Bal | 0 Fees | 1 Ins Ins | None | N/A | 72% - 75.3% | 73.7% - 77.1% | 100 |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Barangay and LGU Livelihood Loan | 18.0%-20.0% annual, Flat | 2 Fees | 1 Ins Ins | None | 500.00 upfront | 39.1% - 39.7% | 39.4% - 45.1% | 42 | ||||||||
DepEd APDS Loan | 9.0% annual, Flat | 2 Fees | 1 Ins Ins | None | 1,000.00 upfront 10.00 ongoing | 21.3% - 21.5% | 23.5% - 24.8% | 37 | ||||||||
Microfinance Loan | 30.0% annual, Flat | 2 Fees | 1 Ins Ins | None | 5.0% upfront 10.00 ongoing | 68.6% - 96.4% | 80.2% - 120.9% | 32 |
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