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Institution

Opportunity Bank of Malawi Private Bag A71Lilongwe, Central
Data approved: 2012-11-29
Data version: 2
Age of data: 116 months

Product

Agriculture Loan Product 1 of 4 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (MWK)MWK 738,988,641
Portfolio (USD)USD 1,894,842.67
Active Clients with Loans10,659
Approximate % Female Clients20% - 40%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity groupx
Village banking
Self help group
Other
Description
Loans given to farmers engaged in various agricultural activities. Repayments are flexible with the crop cycle being funded. Loans are normally given to farmers who have a secure market for the produce.
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
OtherRunning a farming enterprise
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution16
# Regions for this product19
Regions ActiveDedza, Dowa, Kasungu, Lilongwe, Mchinji, Nkhotakota, Salima, ChitipaKaronga, Mzimba, Nkhata Bay, Rumphi, Blantyre, ChikwawaMangochi, Mulanje, Nsanje, Thyolo, Zomba

Loan Conditions

Loan Amount
CurrencyMWK
Minimum loan sizeMWK 200,000
Maximum loan size50,000,000
Distribution at Disbursement (Est.)
Loans less than MWK 50,0000
MWK 50,000-150,0000
MWK 150,000-250,00020%
MWK 250,000-350,00030%
MWK 350,000-450,00020%
Greater than MWK 450,00020%
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term48.0 months
Approx average12.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months10%
Between 7 and 9 months10%
Between 10 and 12 months20%
Between 13 and 18 months20%
Longer than 18 months40%
Grace Period
Grace period usage70%
Average grace period6.0 months
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end paymentx
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest37.00%
Highest quoted nominal interest40.00%
Reason(s) why interest rate variesTime as Client, Client Risk
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min2.00%
% of loan amount - max2.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
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 deposited15.00%
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 paid7.00%
Maximum interest rate paid7.00%
Interest payment frequencyMonthly
Taxes
Are taxes charged on this product?No
Additional Comments
The fees appear in the signed loan contracts. Loans are booked as overdrafts for this product hence there are no repayment schedules.

Full Pricing Data

Agriculture Loan samples
Sample 1Sample 2Sample 4
Loan AmountMWK 200,000MWK 300,000MWK 500,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2012-10-042012-10-042012-10-04
Loan Term (Months)12.0 months12.0 months12.0 months
Grace Period (Months)11.0 months11.0 months11.0 months
Total Cost of CreditMWK 78,000MWK 116,000MWK 195,000
True Price by Comp     
Interest price component31.8%31.6%31.8%
Fee Component2.1%2.0%2.1%
Insurance Component0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%
Deposit Component5.1%5.1%5.1%
Full APR (int fee ins tax dep)39.0%38.7%39.0%
Transparency Index959695
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
Agriculture Loan Price Graphs


Institution # Borrowers Portfolio (US$) Products Age of Data
ACAWE10016,0002129
AfricaWorks6,5001,843,000890
AZADER2003,0002130
BOM18,9006,422,000399
CCOM9,1002,995,0006114
FDM7,2001,002,0004114
Hluvuku-ADSEMA5,3002,959,0003114
IRAM000114
ProCredit000114
Tchuma000114
SOCREMO-N/A141
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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