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Institution

FINCA Malawi Ltd Private Mail Bag 382ChichiriBlantyre, Southern Region
Data approved: 2011-01-06
Data version: 1
Age of data: -   months 

Product

Individual Business Loan Product 1 of 2 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (MWK)MWK 232,612,222
Portfolio (USD)USD 1,550,748
Active Clients with Loans1,202
Approximate % Female Clients20% - 40%
Approximate % Urban Clients40% - 60%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Individual loans are given to individuals who are in business. The loans range from MWK 50,000 to MWK 2,000,000. The loan duration is 6 to 12 months and its payable monthly\r
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
OtherWorking capital
Other (2)
Included Services
Credit education
Group meetings
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
Other
Other (2)
# 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
CurrencyMWK
Minimum loan sizeMWK 50,000
Maximum loan size2,000,000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term12.0 months
Approx average6.0 months
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 period3.0 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 interest3.50%
Highest quoted nominal interest3.50%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?N/A
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionApplication FeeProcessing Fee
% of loan amount - min01.50%
% of loan amount - max01.50%
OR, Fixed amount - min1,5000
Fixed amount - max1,5000
Reason for variation
Appears on Repayment Sched?NoNo
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Full Pricing Data

Individual Business Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountMWK 60,000MWK 100,000MWK 250,000MWK 350,000MWK 500,000
Loan Cycle (1, 2, 3, etc)521118
Disbursement Date2012-11-102012-10-312012-10-162012-11-272012-11-21
Loan Term (Months)6.0 months6.0 months6.0 months12.0 months9.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot KnownNot Known
True Price by Comp         
Interest and Fee Component74.8%74.8%75.5%72.3%0.0%
Insurance Component1.9%1.8%1.9%1.1%74.4%
Tax Component0.0%0.0%0.0%0.0%-74.4%
Deposit Component0.0%0.0%0.0%0.0%74.4%
Full APR (int fee ins tax dep)76.7%76.7%77.4%73.4%74.4%
Transparency Index5555545756
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF
Individual Business Loan Price Graphs


Institution # Borrowers Portfolio (US$) Products Age of Data
AMF220,100173,814,0009126
FONDEP128,949106,544,9376120
AMSSF13,7009,079,0005126
INMAA10,4944,436,4104126
ARDI10,1184,805,3172126
AMOS2,700716,0002126
Caps / Zoom options
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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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