2. OIBM
Please note that the information you are viewing is 137 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. MWIMPC
Please note that the information you are viewing is 151 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Opportunity Bank of Malawi Private Bag A71Lilongwe, Central
Data approved: 2012-11-29
Data version: 2
Age of data: 137 months
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Institution

Maranding Women Investors Multipurpose Cooperative 2nd Floor, Fabian Flores Cultural CenterMarandingLala, Lanao del Norte/Region X9211
Data approved: 2011-12-07
Data version: 1
Age of data: 151 months

Product

Mzati (Individual) Loan Product 3 of 4 « Prev | Next »

Product

Individual Loan Product 1 of 4 « Prev | Next »

Product Summary

Number borrowers2,306
Loan Amount (range)MWK 50,000 - 1,000,000
Loan Term (range)3 - 12
Other Services (text summary)Credit Educ, Credit Ins, Business Training, Other Training, Social Issues Training (HIV/AIDS, Gender, Vision Building),, Mthunzi (Shelter) Insurance
Annual Interest & Method42.00% annual, Flat
Fees2 fees
Insurance938 upfront
TaxNone
Comp Dep15.00% upfront
Range of pricing 
Interest Price Component31.6% - 67.3%
Fee Component2.0% - 47.8%
Insurance Component0 - 3.7%
Tax Component Range0
Full APR (int fee ins tax dep)92.3% - 144.5%
Transparency Index (min/max)29 - 130
Transparency Index (average)39

Product Summary

5,000
PHP 5,000 - 300,000
6 - 12
Credit Educ, Credit Ins, Tech Asst Visits, Business Training
36.0% annual, Flat
3.00% upfront 100.00 upfront
60.00-7,200.00 upfront
None
20.0% upfront 80.00 ongoing
 
N/A
41.0% - 69.2% (Int+Fee)
4.5% - 5.6%
0
40.8% - 121.3%
20 - 88
47

Product Details

Key Statistics
Outstanding portfolio (MWK)MWK 650,679,509
Portfolio (USD)USD 1,668,409
Active Clients with Loans2,306
Approximate % Female Clients40% - 60%
Approximate % Urban Clients40% - 60%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
For individual micro entrepreneurs who aspire to grow and tranform their business and their families through microcredit. Individuals can choose to repay over a 12-month period with monthly installments.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetings
Credit insurancex
Workplace visits
Business trainingx
Other trainingx
OtherSocial Issues Training (HIV/AIDS, Gender, Vision Building),
Other (2)Mthunzi (Shelter) Insurance
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or landx
Must be a salaried worker
Must be specific age group
OtherMust have assets as collateral
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

Product Details

Key Statistics
Outstanding portfolio (PHP)PHP 40,662,043.49
Portfolio (USD)USD 972,776.16
Active Clients with Loans5,000
Approximate % Female Clients80% - 100%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Regular loan which aims to provide an individual additional capital to microentrepreneurs
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetings
Credit insurancex
Workplace visitsx
Business trainingx
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 workerx
Must be specific age groupx
Other18-69 y.o.
Other (2)CI/BI
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyMWK
Minimum loan sizeMWK 50,000
Maximum loan size1,000,000
Distribution at Disbursement (Est.)
Loans less than MWK 50,0000
MWK 50,000-150,00010%
MWK 150,000-250,00020%
MWK 250,000-350,00020%
MWK 350,000-450,00020%
Greater than MWK 450,00020%
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term12.0 months
Approx average8.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months20%
Between 7 and 9 months40%
Between 10 and 12 months40%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage30%
Average grace period1.0 month
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyPHP
Minimum loan sizePHP 5,000
Maximum loan size300,000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term12.0 months
Approx average0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Dailyx
Weeklyx
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest3.50%
Highest quoted nominal interest3.50%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionProcessing FeeLegal Fee
% of loan amount - min3.50%0
% of loan amount - max3.50%0
OR, Fixed amount - min0250
Fixed amount - max0250
Reason for variationN/AN/A
Appears on Repayment Sched?NoNo
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionMthunzi Insurance Cover
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min937.80
Fixed amount - max937.80
Reason for variationN/A
Appears on Repayment Sched?No
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

Pricing Information

Interest
Lowest quoted nominal interest3.00%
Highest quoted nominal interest3.00%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionService ChargeNotarial Fee
% of loan amount - min3.00%0
% of loan amount - max3.00%0
OR, Fixed amount - min0100
Fixed amount - max0100
Reason for variationN/A
Appears on Repayment Sched?NoNo
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionLoan Insurance
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min60
Fixed amount - max7,200
Reason for variationPHP 2. per thousand x no. of months.
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited20.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount depositedPHP 80
Conditions on access to depositAccess During
Interest Paid on Deposit
Minimum interest rate paid5.00%
Maximum interest rate paid5.00%
Interest payment frequencyQuarterly
Taxes
Are taxes charged on this product?No
Additional Comments
Savings(Prior): 1% CBU & 1% Savings to apply not deducted from loan proceeds. Savings (Periodic): PHP 3. Savings + PHP 5. CBU.

Full Pricing Data

Mzati (Individual) Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountMWK 40,000MWK 100,000MWK 150,000MWK 200,000MWK 500,000MWK 600,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2012-11-052012-10-292012-10-292012-10-302012-12-032012-10-11
Loan Term (Months)5.2 months11.0 months11.0 months11.0 months12.0 months13.0 months
Grace Period (Months)0.2 months0.4 months0.4 months0.4 months0.3 months1.0 month
Total Cost of CreditMWK 11,693.11MWK 41,091.52MWK 61,012.21MWK 86,513.83MWK 242,720.11MWK 307,233.86
True Price by Comp           
Interest price component63.7%65.9%65.9%65.7%67.3%62.9%
Fee Component47.8%10.9%9.9%15.6%8.2%7.1%
Insurance Component0.0%0.0%0.0%0.0%3.7%3.2%
Tax Component0.0%0.0%0.0%0.0%0.0%0.0%
Deposit Component33.0%21.5%21.2%23.0%22.4%19.1%
Full APR (int fee ins tax dep)144.5%98.3%97.0%104.3%101.6%92.3%
Transparency Index294343404145
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF

Full Pricing Data

Individual Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountPHP 8,000PHP 20,000PHP 30,000PHP 60,000PHP 100,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2011-08-082011-08-082011-06-212011-07-302011-05-24
Loan Term (Months)6.1 months6.1 months12.0 months6.0 months6.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot KnownNot Known
True Price by Comp         
Interest and Fee Component49.3%57.2%69.2%41.0%57.7%
Insurance Component4.9%4.9%5.6%4.5%5.1%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component-13.4%59.2%35.4%20.9%45.0%
Full APR (int fee ins tax dep)40.8%121.3%110.2%66.3%107.8%
Transparency Index8830335433
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF
Mzati (Individual) Loan Price Graphs


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Individual Loan 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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