2. FINCA
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

Institution

FINCA Malawi Ltd Private Mail Bag 382ChichiriBlantyre, SouthernPO Box 382
Data approved: 2012-12-01
Data version: 2
Age of data: 136 months
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Institution Details

Institution TypeNon-Governmental Organization
Is this institution regulated?Yes
Website addresshttp://www.finca.org/
Year established1994
Head of InstitutionPonsiano Ndyabahika
Regions activeDedza, Dowa, Kasungu, Lilongwe, Mchinji, Nkhotakota, Ntcheu, Ntchisi, SalimaKaronga, Mzimba, Nkhata Bay, Rumphi, Balaka, Blantyre, Chikwawa, Chiradzulu, MachingaMangochi, Mulanje, Mwanza, Nsanje
# Branches18

Total Portfolio (nat'l)MWK 1,463,320,000
Total Portfolio (USD)USD 3,752,102.56
Active clients with loans29,927
Approximate % female clients60% - 80%
Approximate % urban clients20% - 40%
Network affiliationsMAMN, Council of Non-Governmental Organizations (CONGOMA)
FundersFINCA International

Loan Products » Summary

Idv Business
2,221 Borrowers
USD 788,566.67 Portfolio
Active Product
Village Bkg
20,635 Borrowers
USD 1,876,051.28 Portfolio
Active Product
Small Grp
6,991 Borrowers
USD 1,087,484.62 Portfolio
Active Product

Loan Products » Conditions

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

Loan Products » Pricing Information

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
Institution Price Graph
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  2. COOPEDU
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

Institution

COOPEDU District KICUKIROKIGALIB.P 4053 KIGALI
Data approved: 2011-09-16
Data version: 1
Age of data: -   months 
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Product

Credit Femmes Entrepreneurs Product 5 of 9 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (RWF)RWF 105,292,980
Portfolio (USD)USD 178,463
Active Clients with Loans250
Approximate % Female Clients80% - 100%
Approximate % Urban Clients80% - 100%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
B?n?ficiaires: Les femmes entrepreneurs. Le montant minimum est de 300 000 Frw et le montant maximum est de 2 000 000 Frw. Le taux d'int?r?t est de 1,1% par mois. La garantie est constitu?e de biens mobiliers. \r
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurance
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age group
OtherEtre membre de la COOPEDU depuis au moins 1 mois
Other (2)Bloquer une ?pargne obligatoire de 30% du montant de pr?t demand?
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyRWF
Minimum loan sizeRWF 300,000
Maximum loan size2,000,000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term12.0 months
Approx average0
Distribution at Disbursement (Est.)
Loans 3 months or lessN/A
Between 4 and 6 monthsN/A
Between 7 and 9 monthsN/A
Between 10 and 12 monthsN/A
Between 13 and 18 monthsN/A
Longer than 18 monthsN/A
Grace Period
Grace period usage30%
Average grace period0.3 months
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest1.10%
Highest quoted nominal interest1.10%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?N/A
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionCommission sur pret
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1Ins 2
DescriptionCommission on insuranceCredit life - depends on age, loan amount, loan term
% of loan amount - min01.00%
% of loan amount - max010.00%
OR, Fixed amount - min1,0000
Fixed amount - max1,0000
Reason for variation
Appears on Repayment Sched?
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited30.00% - N/A
or, Fixed-amount deposited0 - N/A
Deposits DURING period payments
% loan amount deposited20.00% - N/A
or, Fixed-amount deposited0 - N/A
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid0
Maximum interest rate paid0
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?Yes
Percentage of fees0
All or some fees taxedN/A
Additional Comments
L'emprunteur donne les biens mobiliers comme garantie pour ce type de pr?t. During the loan term the borrower must save a total of 2% of the loan amount, divided equally between each payment period.\r

Full Pricing Data

Credit Femmes Entrepreneurs samples
Sample 1Sample 2Sample 3
Loan AmountRWF 500,000RWF 800,000RWF 2,000,000
Loan Cycle (1, 2, 3, etc)111
Disbursement Date2012-05-312012-02-092012-02-28
Loan Term (Months)12.0 months12.0 months12.0 months
Grace Period (Months)0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot Known
True Price by Comp     
Interest and Fee Component58.6%59.0%57.9%
Insurance Component1.4%0.8%1.7%
Tax Component0.4%0.4%0.4%
Deposit Component50.7%50.4%50.0%
Full APR (int fee ins tax dep)111.1%110.6%109.9%
Transparency Index121212
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
Credit Femmes Entrepreneurs Price Graphs


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Key Statistics
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# Countries
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Loan Portfolio (USD)
% Products using declining balance
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% Products with one or more insurances
% Products with compulsory deposits
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