Number borrowers | 166,575 |
Loan Amount (range) | MWK 150,000 - 500,000 |
Loan Term (range) | 6 - 18 |
Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training, Group Dynamics |
Annual Interest & Method | 28.00% annual, Decl Bal |
Fees | 2.40% upfront |
Insurance | 0.50% upfront |
Tax | None |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | 21.4% - 27.7% |
Fee Component | 2.5% - 3.2% |
Insurance Component | 0.6% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 24.9% - 31.1% |
Transparency Index (min/max) | 90 - 113 |
Transparency Index (average) | 100 |
4,298 |
AZN 300 - 6,000 |
3 - 36 |
Credit Ins |
28.0%-34.0% annual, Decl Bal |
1.00% upfront 10.00-60.00 upfront |
10.00-120.00 upfront |
None |
N/A |
27.7% - 32.6% |
1.3% - 9.3% |
1.5% - 11.7% |
0 |
34.8% - 42.7% |
60 - 85 |
75 |
Outstanding portfolio (MWK) | MWK 994,727,000 |
Portfolio (USD) | USD 2,550,582.05 |
Active Clients with Loans | 166,575 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 0% - 20% |
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 | |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | x |
Workplace visits | x |
Business training | x |
Other training | x |
Other | Group Dynamics |
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 | 24 |
# Regions for this product | 28 |
Regions Active | Dedza, Dowa, Kasungu, Lilongwe, Mchinji, Nkhotakota, Ntcheu, Ntchisi, Salima, ChitipaKaronga, Likoma, Mzimba, Nkhata Bay, Rumphi, Balaka, Blantyre, Chikwawa, Chiradzulu, MachingaMangochi, Mulanje, Mwanza, Nsanje, Thyolo, Phalombe, Zomba, Neno |
Outstanding portfolio (AZN) | AZN 718,677 |
Portfolio (USD) | USD 921,380.77 |
Active Clients with Loans | 4,298 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 40% - 60% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | x |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | |
Group meetings | |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services | x |
Men | x |
Women | x |
Must run a business | |
Must own a home or land | |
Must be a salaried worker | x |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | 7 |
# Regions for this product | 8 |
Regions Active | Absheron, Ganja-Qazakh, Shaki-Zaqatala, Lankaran-Astara, Quba-Khachmaz, Orta Kur, Daglig-ShirvanKur |
Currency | MWK |
Minimum loan size | MWK 150,000 |
Maximum loan size | 500,000 |
Loans less than MWK 50,000 | 0 |
MWK 50,000-150,000 | 0 |
MWK 150,000-250,000 | 20% |
MWK 250,000-350,000 | 30% |
MWK 350,000-450,000 | 30% |
Greater than MWK 450,000 | 30% |
Shortest loan term | 6.0 months |
Longest loan term | 18.0 months |
Approx average | 12.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 50% |
Between 13 and 18 months | 50% |
Longer than 18 months | 0 |
Grace period usage | 100% |
Average grace period | 1.0 month |
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 | AZN |
Minimum loan size | AZN 300 |
Maximum loan size | 6,000 |
Loans less than AZN 1,000 | 15% |
AZN 1,000-5,000 | 70% |
AZN 5,000-8,000 | 15% |
AZN 8,000-11,000 | 0 |
AZN 11,000-14,000 | 0 |
Greater than AZN 14,000 | 0 |
Shortest loan term | 3.0 months |
Longest loan term | 36.0 months |
Approx average | 24.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 10% |
Between 10 and 12 months | 20% |
Between 13 and 18 months | 30% |
Longer than 18 months | 40% |
Grace period usage | 0 |
Average grace period | 0 |
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 |
Lowest quoted nominal interest | 28.00% |
Highest quoted nominal interest | 28.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | No |
Fee 1 | |
---|---|
Description | Loan Processing Fee |
% of loan amount - min | 2.40% |
% of loan amount - max | 2.40% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Life Insurance |
% of loan amount - min | 0.50% |
% of loan amount - max | 0.50% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | 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 |
Lowest quoted nominal interest | 28.00% |
Highest quoted nominal interest | 34.00% |
Reason(s) why interest rate varies | Time as Client, Loan Size |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Comission Fee | Document charge | |
% of loan amount - min | 1.00% | 0 | |
% of loan amount - max | 1.00% | 0 | |
OR, Fixed amount - min | 0 | 10 | |
Fixed amount - max | 0 | 60 | |
Reason for variation | N/A | N/A | |
Appears on Repayment Sched? | Yes | No |
Ins 1 | |
---|---|
Description | Accident Insurance |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 10 |
Fixed amount - max | 120 |
Reason for variation | It is determined according to the loan amount. |
Appears on Repayment Sched? | No |
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 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | MWK 144,110 | MWK 300,000 | MWK 112,700 | MWK 500,000 | |||
Loan Cycle (1, 2, 3, etc) | 1 | 1 | Not Known | Not Known | |||
Disbursement Date | 2012-05-30 | 2012-02-29 | 2012-08-23 | 2012-07-03 | |||
Loan Term (Months) | 24.0 months | 15.0 months | 24.0 months | 16.0 months | |||
Grace Period (Months) | 0.0 months | 2.9 months | -0.7 months | 4.0 months | |||
Total Cost of Credit | MWK 48,075.19 | MWK 65,076 | MWK 36,556.30 | MWK 115,540 | |||
True Price by Comp | |||||||
Interest price component | 26.6% | 22.4% | 27.7% | 21.4% | |||
Fee Component | 2.5% | 3.2% | 2.8% | 2.9% | |||
Insurance Component | 0.6% | 0.6% | 0.6% | 0.6% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Full APR (int fee ins tax dep) | 29.7% | 26.2% | 31.1% | 24.9% | |||
Transparency Index | 94 | 100 | 90 | 100 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Loan Amount |
Type of Sample |
Disbursement Date |
Loan Term (Months) |
Grace Period (Months) |
Total Cost of Credit |
Full APR (int fee ins tax dep) |
True Price by Component |
Transparency Index |
Original Repayment Schedule |
MFT Pricing Calculation |
||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Interest price component |
Fee Component |
Insurance Component |
Tax Component |
Deposit Component |
||||||||||
AZN 2,040 | Generated | 2014-11-01 | 9.0 months | N/A | AZN 354.14 | 42.7% | 29.6% | 6.5% | 6.6% | 0.0% | 0.0% | 66 | - | |
AZN 3,000 | Generated | 2014-11-01 | 12.0 months | N/A | AZN 622.16 | 39.0% | 30.6% | 4.1% | 4.3% | 0.0% | 0.0% | 72 | - | |
AZN 3,800 | Generated | 2014-11-01 | 18.0 months | N/A | AZN 1,069.10 | 36.0% | 30.6% | 3.0% | 2.4% | 0.0% | 0.0% | 78 | - | |
AZN 4,900 | Generated | 2014-11-01 | 18.0 months | N/A | AZN 1,379.63 | 36.1% | 30.6% | 3.0% | 2.5% | 0.0% | 0.0% | 78 | - | |
AZN 5,200 | Generated | 2014-11-01 | 18.0 months | N/A | AZN 1,456.14 | 35.8% | 30.6% | 2.9% | 2.3% | 0.0% | 0.0% | 78 | - | |
AZN 6,000 | Generated | 2014-11-01 | 24.0 months | N/A | AZN 2,146.23 | 34.8% | 30.6% | 2.4% | 1.8% | 0.0% | 0.0% | 81 | - |
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 ∞ |