Please note that the information you are viewing is 135 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
Please note that the information you are viewing is 156 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Malawi Rural Development Fund Head OfficeLilongwePO Box 779
Data approved: 2012-11-25
Data version: 2
Age of data: 135 months

Institution

AB Bank Zambia Chainda Place, Off Cairo RoadLusaka
Data approved: 2012-03-30
Data version: 1
Age of data: 156 months

Institution Details

Institution TypeNon-Governmental Organization
Is this institution regulated?Yes
Website addresshttp://www.mardef.mw
Year established2005
Head of InstitutionJoseph Mononga
Regions activeDedza, Dowa, Kasungu, Lilongwe, Mchinji, Nkhotakota, Ntcheu, Ntchisi, Salima, ChitipaKaronga, Likoma, Mzimba, Nkhata Bay, Rumphi, Balaka, Blantyre, Chikwawa, Chiradzulu, MachingaMangochi, Mulanje, Mwanza, Nsanje
# Branches28

Total Portfolio (nat'l)MWK 994,727,000
Total Portfolio (USD)USD 2,550,582.05
Active clients with loans166,575
Approximate % female clients40% - 60%
Approximate % urban clients0% - 20%
Network affiliationsMAMN
FundersGovernment of Malawi

Institution Details

Institution TypeBank
Is this institution regulated?Yes
Website addressN/A
Year established2011
Head of InstitutionMichael Barleon
Regions active
# Branches1

Total Portfolio (nat'l)ZMK 4,225,572,000
Total Portfolio (USD)USD 816,535.65
Active clients with loans738
Approximate % female clients40% - 60%
Approximate % urban clients80% - 100%
Network affiliationsBankers Association of Zambia
FundersInternational Finance Corporation (IFC), European Investment Bank (EIB), Incofin, KfW

Loan Products » Summary

166,575 Borrowers
USD 2,550,582.05 Portfolio
Active Product

Loan Products » Summary

193 Borrowers
USD 125,516.70 Portfolio
Active Product
134 Borrowers
USD 182,329.08 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Group Loan MWK 150,000 - 500,000 6 - 18 40% - 60% 0% - 20% Business Women, Men, Have business Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training, Group Dynamics

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
AB Business Flexi ZMK 1,000,000 - 5,000,000 3 - 20 40% - 60% 40% - 60% Business Women, Men, Have business, Zambian Resident, At least 21 years Credit Educ, Business Training
AB Business Plus ZMK 5,000,001 - 15,000,000 3 - 20 40% - 60% 40% - 60% Business Women, Men, Have business Credit Educ, Group Mtgs

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Group Loan 28.00% annual, Decl Bal 1 Fee 1 Ins None N/A 24.3% - 30.5% 24.9% - 31.1% 100

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
AB Business Flexi 72.0% annual, Decl Bal 1 Fee 0 Ins None N/A 79.3% - 81.7% 79.3% - 81.7% 89
AB Business Plus 69.0% annual, Decl Bal 1 Fee 0 Ins None N/A 74.5% - 78.8% 74.5% - 78.8% 91

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Group Loan 28.00% annual, Decl Bal 1 Fee 1 Ins Ins None N/A 24.3% - 30.5% 24.9% - 31.1% 100

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
AB Business Flexi 72.0% annual, Decl Bal 1 Fee 0 Ins Ins None N/A 79.3% - 81.7% 79.3% - 81.7% 89
AB Business Plus 69.0% annual, Decl Bal 1 Fee 0 Ins Ins None N/A 74.5% - 78.8% 74.5% - 78.8% 91
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Key Statistics
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