2. OIBM
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. AfricaWorks
Please note that the information you are viewing is 111 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: 136 months
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Institution

AfricaWorks Fialho de Almeida 69Maputo
Data approved: 2013-05-23
Data version: 2
Age of data: -   months 
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Institution Details

Institution TypeBank
Is this institution regulated?Yes
Website addresshttp://www.oibm.mw/
Year established2003
Head of InstitutionCosmus Kowuoche
Regions activeDedza, Dowa, Kasungu, Lilongwe, Mchinji, Nkhotakota, Salima, ChitipaKaronga, Mzimba, Nkhata Bay, Rumphi, Blantyre, ChikwawaMangochi, Mulanje
# Branches33

Total Portfolio (nat'l)MWK 3,598,720,264
Total Portfolio (USD)USD 9,227,487.86
Active clients with loans52,649
Approximate % female clients40% - 60%
Approximate % urban clients40% - 60%
Network affiliationsOpportunity International, MAMN, Bankers Association of Malawi
FundersOpportunity Transformation Investment, Opportunity Microfinance Investment, Trust for Transformation, Africap

Institution Details

Institution TypeNon-Governmental Organization
Is this institution regulated?Yes
Website addressN/A
Year established2008
Head of InstitutionClaudien Nsengimana
Regions activeMaputo Capital, Maputo Province, Inhambane, Gaza
# Branches7

Total Portfolio (nat'l)MZN 51,898,022.01
Total Portfolio (USD)USD 1,707,171.78
Active clients with loans4,901
Approximate % female clients60% - 80%
Approximate % urban clients60% - 80%
Network affiliationsAMOMIF, MIX
Funders

Loan Products » Summary

Agriculture
10,659 Borrowers
USD 1,894,842.67 Portfolio
Active Product
Maziko
34,795 Borrowers
USD 1,628,382.90 Portfolio
Active Product
Mzati
2,306 Borrowers
USD 1,668,409 Portfolio
Active Product
Payroll
3,548 Borrowers
USD 1,315,788.54 Portfolio
Active Product

Loan Products » Summary

Especial
196 Borrowers
USD 131,901.55 Portfolio
Active Product
Comunitario
4,212 Borrowers
USD 942,577.32 Portfolio
Active Product
Individual
244 Borrowers
USD 420,395.99 Portfolio
Active Product
Tsembeka
130 Borrowers
USD 22,687.34 Portfolio
Active Product
Pecuario
89 Borrowers
USD 168,348.49 Portfolio
Active Product
Solidario
9 Borrowers
USD 8,574.72 Portfolio
Low Volume Product
Agricultura
21 Borrowers
USD 12,686.35 Portfolio
Low Volume Product
Note: MFTransparency presents full data for active products with over 50 borrowers. Basic data is shown for lower volume products

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Agriculture Loan MWK 200,000 - 50,000,000 3 - 48 20% - 40% 0% - 20% Business Women, Men, Running a farming enterprise Credit Educ, Group Mtgs, Credit Ins, Business Training
Masiko (Group) Loan MWK 140,000 - 2,800,000 4 - 9 40% - 60% 20% - 40% Business Women, Men, Have business Credit Educ, Group Mtgs, Credit Ins, Business Training
Mzati (Individual) Loan MWK 50,000 - 1,000,000 3 - 12 40% - 60% 40% - 60% Business Women, Men, Have business, Have home or land, Must have assets as collateral Credit Educ, Credit Ins, Business Training, Other Training, Social Issues Training (HIV/AIDS, Gender, Vision Building),, Mthunzi (Shelter) Insurance
Payroll Loan MWK 15,000 - 4,000,000 3 - 48 20% - 40% 40% - 60% Any Purpose Women, Men, Salaried worker, Age must be above 18 years Credit Ins

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Especial MZN 10,000 - 60,000 4 - 6 40% - 60% 60% - 80% Business Women, Men Credit Educ, Group Mtgs, Tech Asst Visits, Business Training
Grupo Comunitario MZN 3,000 - 30,000 4 - 6 60% - 80% 60% - 80% Business Women, Men Credit Educ, Group Mtgs, Tech Asst Visits, Business Training
Individual MZN 20,000 - 500,000 2 - 12 20% - 40% 80% - 100% Business Women, Men Credit Educ, Group Mtgs, Tech Asst Visits, Business Training
Tsembeka MZN 3,000 - 15,000 4 - 6 60% - 80% 40% - 60% Business Women, Men Credit Educ, Group Mtgs, Tech Asst Visits, Business Training
Pecuária (Criação de frangos de corte) MZN 10,000 - 300,000 2 60% - 80% 40% - 60% Business Women, Men Tech Asst Visits

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Agriculture Loan 37.00%-40.00% annual, Decl Bal 1 Fee 0 Ins None 15.00% upfront 33.6% - 33.9% 38.7% - 39% 95
Masiko (Group) Loan 48.75% annual, Flat 1 Fee 0 Ins None 15.00% upfront 72.5% - 74.7% 90.5% - 94.1% 52
Mzati (Individual) Loan 42.00% annual, Flat 2 Fees 1 Ins None 15.00% upfront 70% - 111.5% 92.3% - 144.5% 39
Payroll Loan 45.00% annual, Decl Bal 1 Fee 0 Ins None N/A 34.7% - 45.7% 34.7% - 45.7% 100

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Especial 52.0% annual, Flat 0 Fees 0 Ins None 15.0%-30.0% upfront 70.6% - 79.8% 89.3% - 126.5% 46
Grupo Comunitario 52.0% annual, Flat 0 Fees 0 Ins None 10.0%-20.0% upfront 77.5% - 78.7% 77.5% - 109% 55
Individual 45.5% annual, Flat 0 Fees 0 Ins None 10.0%-15.0% upfront 65.2% - 66.6% 76.1% - 78.1% 58
Tsembeka 32.5% annual, Flat 0 Fees 0 Ins None 10.0%-15.0% upfront 48.8% - 50.2% 50.2% - 59.4% 58
Pecuária (Criação de frangos de corte) 24.0% annual, Flat 0 Fees 0 Ins None N/A 26% - 39.8% 26% - 39.8% 77

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Agriculture Loan 37.00%-40.00% annual, Decl Bal 1 Fee 0 Ins Ins None 15.00% upfront 33.6% - 33.9% 38.7% - 39% 95
Masiko (Group) Loan 48.75% annual, Flat 1 Fee 0 Ins Ins None 15.00% upfront 72.5% - 74.7% 90.5% - 94.1% 52
Mzati (Individual) Loan 42.00% annual, Flat 2 Fees 1 Ins Ins None 15.00% upfront 70% - 111.5% 92.3% - 144.5% 39
Payroll Loan 45.00% annual, Decl Bal 1 Fee 0 Ins Ins None N/A 34.7% - 45.7% 34.7% - 45.7% 100

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Especial 52.0% annual, Flat 0 Fees 0 Ins Ins None 15.0%-30.0% upfront 70.6% - 79.8% 89.3% - 126.5% 46
Grupo Comunitario 52.0% annual, Flat 0 Fees 0 Ins Ins None 10.0%-20.0% upfront 77.5% - 78.7% 77.5% - 109% 55
Individual 45.5% annual, Flat 0 Fees 0 Ins Ins None 10.0%-15.0% upfront 65.2% - 66.6% 76.1% - 78.1% 58
Tsembeka 32.5% annual, Flat 0 Fees 0 Ins Ins None 10.0%-15.0% upfront 48.8% - 50.2% 50.2% - 59.4% 58
Pecuária (Criação de frangos de corte) 24.0% annual, Flat 0 Fees 0 Ins Ins None N/A 26% - 39.8% 26% - 39.8% 77
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Key Statistics
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# 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
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Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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