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Institution

Malawi Rural Finance Company Limited Off Paul Kagame RoadPrivate Bag 39Lilongwe
Data approved: 2011-01-06
Data version: 1
Age of data: -   months 

Product

Agriculture Loans Product 1 of 2 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (MWK)MWK 1,000,757,855
Portfolio (USD)USD 2,704,751
Active Clients with Loans108,480
Approximate % Female Clients20% - 40%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity group
Village bankingx
Self help group
Other
Description
These loans are given to both smallholder farmers that till customary land and farmers that own titled land. The loans can be used to buy farm inputs, farm equipment, and pay for farm produce processing and marketing costs.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visits
Business trainingx
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
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution1
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyMWK
Minimum loan sizeMWK 35,000
Maximum loan size500,000
Distribution at Disbursement (Est.)
Loans less than MWK 50,00010%
MWK 50,000-150,00015%
MWK 150,000-250,00020%
MWK 250,000-350,00030%
MWK 350,000-450,00010%
Greater than MWK 450,00010%
Loan Term and Grace Period
Shortest loan term5.0 months
Longest loan term12.0 months
Approx average6.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less20%
Between 4 and 6 months20%
Between 7 and 9 months30%
Between 10 and 12 months30%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage100%
Average grace period4.0 months
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end paymentx
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest30.00%
Highest quoted nominal interest33.00%
Reason(s) why interest rate variesTime as Client
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionProcessing FeeCredit and Funeral Expense
% of loan amount - min1.00%0.78%
% of loan amount - max1.50%0.78%
OR, Fixed amount - min00
Fixed amount - max00
Reason for variationN/AN/A
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 forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?No
Deposit BEFORE or AT Disbursement
% loan amount deposited20.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositFinal Pmt
Interest Paid on Deposit
Minimum interest rate paid6.00%
Maximum interest rate paid6.00%
Interest payment frequencyAnnually
Taxes
Are taxes charged on this product?No

Full Pricing Data

Agriculture Loans samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountMWK 62,600MWK 118,830MWK 254,820MWK 369,900MWK 499,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2009-09-302009-09-302009-09-302009-09-302009-09-30
Loan Term (Months)12.0 months12.0 months12.0 months12.0 months12.0 months
Grace Period (Months)11.0 months11.0 months11.0 months11.0 months11.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot KnownNot Known
True Price by Comp         
Interest and Fee Component28.8%29.5%28.8%28.8%28.8%
Insurance Component0.8%0.8%0.8%0.8%0.8%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component6.5%6.6%6.5%6.5%6.5%
Full APR (int fee ins tax dep)36.0%36.9%36.0%36.0%36.0%
Transparency Index8381838383
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF
Agriculture Loans Price Graphs


Institution # Borrowers Portfolio (US$) Products Age of Data
Banco Solidario79,700221,716,0001163
CEPESIU2,000939,0004163
COAC 4 Octubre2,2005,771,0002163
COAC Ambato1,30016,415,0002163
COAC FondVida2,5004,200,0004163
COAC LaBenefica2,5008,482,0006163
COAC MCCH5,30010,020,0002163
COAC Nacional30,70027,129,0002163
COAC San José10,40029,133,0005163
COAC SanAntonio1,0002,384,0003163
COAC SantaAnita2,0002,532,0006163
Codesarrollo14,40040,328,0007163
Coop San Miguel1,8004,754,0005160
CooP VPR7001,052,0004163
Cooprogreso7,90032,244,0004163
Credi Fe100,900380,039,0004163
D^Miro36,90027,692,0009156
DECOF2,200705,0002163
Espoir62,10021,036,0005163
FODEMI28,20012,924,0003163
Fundacion Alternativa4,3005,545,0002163
FUNDAMIC2,0001,468,0002163
INSOTEC7,0006,047,0004163
Luz del Valle6,40011,300,0003163
ProCredit43,800211,941,0002163
PS Ambato5,6002,771,0001163
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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