2. MLF MWI
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
  2. BancoSol
Please note that the information you are viewing is 123 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Microloan Foundation Head OfficeKasungu, CentralPO Box 491
Data approved: 2012-11-15
Data version: 2
Age of data: 136 months
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Institution

BancoSol S.A. Calle Nicolás Acosta No. 289 esq. Cañada Strongest, MurilloLa Paz, Bolivia13176
Data approved: 2013-09-05
Data version: 2
Age of data: 123 months
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Product

Standard Loan Product 4 of 4 « Prev | Next »

Product

Sol Individual (Tasa Fija) Product 8 of 30 « Prev | Next »

Product Summary

Number borrowers20,988
Loan Amount (range)MWK 18,000 - 80,000
Loan Term (range)4
Other Services (text summary)Credit Educ, Group Mtgs, Tech Asst Visits, Business Training, Other Training, Group Dyanamics
Annual Interest & Method60.00% annual, Flat
FeesNone
InsuranceNone
TaxNone
Comp Dep10.00%-20.00% upfront
Range of pricing 
Interest Price Component36.2% - 108.4%
Fee Component0
Insurance Component0
Tax Component Range0
Full APR (int fee ins tax dep)147.6% - 166.7%
Transparency Index (min/max)36 - 124
Transparency Index (average)37

Product Summary

107,618
BOB 400 - 95,000
3 - 60
Credit Ins
17.0%-24.0% annual, Decl Bal
None
None
None
N/A
 
7.8% - 28.0%
0
0
0
17.1% - 21.1%
52 - 101
90

Product Details

Key Statistics
Outstanding portfolio (MWK)MWK 522,836,400
Portfolio (USD)USD 1,340,606.15
Active Clients with Loans20,988
Approximate % Female Clients80% - 100%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity groupx
Village bankingx
Self help group
Other
Description
A basic loan given as working capital for generic businesses. The target clients are 100 percent women in groups of 15 to 18. Training is provided in 8 sessions prior to clients given loan. Several liability is used and no collateral is used.
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 insurance
Workplace visitsx
Business trainingx
Other trainingx
OtherGroup Dyanamics
Other (2)
No other services
Eligibility
Men
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age groupx
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution18
# Regions for this product20
Regions ActiveDowa, Kasungu, Lilongwe, Mchinji, Nkhotakota, Ntcheu, Ntchisi, SalimaKaronga, Mzimba, Nkhata Bay, Rumphi, Balaka, Blantyre, Chikwawa, MachingaMangochi, Mulanje, Phalombe, Zomba

Product Details

Key Statistics
Outstanding portfolio (BOB)BOB 2,505,702,746
Portfolio (USD)USD 371,215,221.60
Active Clients with Loans107,618
Approximate % Female Clients40% - 60%
Approximate % Urban Clients80% - 100%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Créditos destinado al financiamiento de las necesidades de capital de inversión o capital de operación para actividades industriales, comerciales y de servicios
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 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 institution9
# Regions for this product9
Regions ActiveBeni , Chuquisaca , Cochabamba , La Paz , Oruro , Pando , Potosí, Santa Cruz, Tarija

Loan Conditions

Loan Amount
CurrencyMWK
Minimum loan sizeMWK 18,000
Maximum loan size80,000
Distribution at Disbursement (Est.)
Loans less than MWK 50,00090%
MWK 50,000-150,00010%
MWK 150,000-250,0000
MWK 250,000-350,0000
MWK 350,000-450,0000
Greater than MWK 450,0000
Loan Term and Grace Period
Shortest loan term4.0 months
Longest loan term4.0 months
Approx average4.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months100%
Between 7 and 9 months0
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeksx
Every 4 weeksx
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyBOB
Minimum loan sizeBOB 400
Maximum loan size95,000
Distribution at Disbursement (Est.)
Loans less than BOB 10,00020%
BOB 10,000-40,00050%
BOB 40,000-70,00030%
BOB 70,000-100,0000
BOB 100,000-125,0000
Greater than BOB 125,0000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term60.0 months
Approx average32.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months10%
Between 13 and 18 months10%
Longer than 18 months80%
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 monthsx
Quarterlyx
Every 6 monthsx
Every 12 monthsx
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest5.00%
Highest quoted nominal interest5.00%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
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?Yes
Do borrowers control deposit in their group?Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited10.00% - 20.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid5.00%
Maximum interest rate paid7.00%
Interest payment frequencyAnnually
Taxes
Are taxes charged on this product?No
Additional Comments
All first cycles incur compulsory savings of 10%. Within the cycle they save another 10% which makes 20% at close of cycle. For the loan samples here clients have saved 20% as they are in subsequent cycles.

Pricing Information

Interest
Lowest quoted nominal interest17.00%
Highest quoted nominal interest24.00%
Reason(s) why interest rate variesLoan Size, Collateral, Plazo
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
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

Standard Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountMWK 20,000MWK 30,000MWK 45,000MWK 60,000
Loan Cycle (1, 2, 3, etc)1012119
Disbursement Date2012-10-182012-10-222012-09-132012-09-13
Loan Term (Months)4.0 months3.8 months3.7 months3.7 months
Grace Period (Months)0.2 months0.0 months0.0 months0.0 months
Total Cost of CreditMWK 4,000MWK 6,000MWK 9,000MWK 12,000
True Price by Comp       
Interest price component97.1%106.6%108.4%108.4%
Fee Component0.0%0.0%0.0%0.0%
Insurance Component0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component50.5%60.1%53.4%53.4%
Full APR (int fee ins tax dep)147.6%166.7%161.8%161.8%
Transparency Index41363737
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF

Full Pricing Data

Sol Individual (Tasa Fija) samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountBOB 4,600BOB 16,400BOB 40,000BOB 95,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2013-08-152013-01-252013-06-062013-10-30
Loan Term (Months)18.0 months19.0 months15.0 months22.0 months
Grace Period (Months)-0.4 months0.4 months0.1 months0.3 months
Total Cost of CreditBOB 623.16BOB 3,051.32BOB 4,841.46BOB 19,610.88
True Price by Comp       
Interest price component17.1%21.1%17.1%20.6%
Fee Component0.0%0.0%0.0%0.0%
Insurance Component0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)17.1%21.1%17.1%20.6%
Transparency Index99819982
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
Standard Loan Price Graphs


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Sol Individual (Tasa Fija) Price Graphs


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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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Total Borrowers of Samples

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