Institution Type | Bank |
Is this institution regulated? | Yes |
Website address | http://www.oibm.mw/ |
Year established | 2003 |
Head of Institution | Cosmus Kowuoche |
Regions active | Dedza, Dowa, Kasungu, Lilongwe, Mchinji, Nkhotakota, Salima, ChitipaKaronga, Mzimba, Nkhata Bay, Rumphi, Blantyre, ChikwawaMangochi, Mulanje |
# Branches | 33 |
Total Portfolio (nat'l) | MWK 3,598,720,264 |
Total Portfolio (USD) | USD 9,227,487.86 |
Active clients with loans | 52,649 |
Approximate % female clients | 40% - 60% |
Approximate % urban clients | 40% - 60% |
Network affiliations | Opportunity International, MAMN, Bankers Association of Malawi |
Funders | Opportunity Transformation Investment, Opportunity Microfinance Investment, Trust for Transformation, Africap |
Institution Type | Non Bank Financial Institution |
Is this institution regulated? | Yes |
Website address | http://www.financetrust.co.ug/ |
Year established | 1984 |
Head of Institution | Anne Nakawunde Mulindwa |
Regions active | Central, Eastern, Northern, Western |
# Branches | 30 |
Total Portfolio (nat'l) | UGX 43,801,060,749 |
Total Portfolio (USD) | USD 17,520,424.30 |
Active clients with loans | 22,555 |
Approximate % female clients | 40% - 60% |
Approximate % urban clients | 20% - 40% |
Network affiliations | World Savings Bank Initiative, WWB, AMFIU, African Rural & Agricultural Credit Association |
Funders | Investisseur et Partnaire el la Developpment, Oikocredit, Uganda Womens Trust, Founder Members |
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 |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Business Loan - Group | UGX 100,000 - 4,000,000 | 3 - 24 | 60% - 80% | 20% - 40% | Business | Men, Have business | Credit Educ, Group Mtgs, Credit Ins | |||||||
Business Loan - Individual | UGX 500,000 - 70,000,000 | 3 - 24 | 60% - 80% | 20% - 40% | Business | Women, Men, Have business, Specific age group, Age 18 and above,, Must have a savings account at Finance Trust | Credit Educ, Credit Ins | |||||||
Personal Development Loan | UGX 500,000 - 70,000,000 | 3 - 24 | 60% - 80% | 20% - 40% | Any Purpose | Women, Men, Specific age group, Age 18 and above. Regular source of income,, Collateral must be titled land / comprehensively insured motor vehicle | Credit Educ, Credit Ins | |||||||
Salary Loan | UGX 100,000 - 10,000,000 | 3 - 24 | 60% - 80% | 20% - 40% | Any Purpose | Women, Men, Salaried worker, Specific age group, Age 18 and above, Must open a savings salary account at Finance Trust | Credit Educ, Credit Ins | |||||||
School Fees Loan | UGX 100,000 - 70,000,000 | 3 - 6 | 60% - 80% | 20% - 40% | Education | Women, Men, Have business, Salaried worker, Must have a clear identifiable & regular source of income | Credit Educ, Credit Ins |
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 |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Business Loan - Group | 30.00% annual, Flat | 3 Fees | 1 Ins | None | 10.00% upfront | 64.7% - 84.9% | 81.8% - 128.1% | 29 | ||||||||
Business Loan - Individual | 25.00%-30.00% annual, Flat | 3 Fees | 1 Ins | None | 10.00% upfront | 56.3% - 65.9% | 68.6% - 81.8% | 33 | ||||||||
Personal Development Loan | 25.00%-30.00% annual, Flat | 3 Fees | 1 Ins | None | N/A | 51.8% - 61.4% | 53.9% - 63.6% | 41 | ||||||||
Salary Loan | 27.00% annual, Flat | 3 Fees | 1 Ins | None | N/A | 50.8% - 73.6% | 52.5% - 77.4% | 45 | ||||||||
School Fees Loan | 36.00% annual, Flat | 3 Fees | 1 Ins | None | 10.00% upfront | 67% - 87.6% | 82.6% - 109.3% | 38 |
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 |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Business Loan - Group | 30.00% annual, Flat | 3 Fees | 1 Ins Ins | None | 10.00% upfront | 64.7% - 84.9% | 81.8% - 128.1% | 29 | ||||||||
Business Loan - Individual | 25.00%-30.00% annual, Flat | 3 Fees | 1 Ins Ins | None | 10.00% upfront | 56.3% - 65.9% | 68.6% - 81.8% | 33 | ||||||||
Personal Development Loan | 25.00%-30.00% annual, Flat | 3 Fees | 1 Ins Ins | None | N/A | 51.8% - 61.4% | 53.9% - 63.6% | 41 | ||||||||
Salary Loan | 27.00% annual, Flat | 3 Fees | 1 Ins Ins | None | N/A | 50.8% - 73.6% | 52.5% - 77.4% | 45 | ||||||||
School Fees Loan | 36.00% annual, Flat | 3 Fees | 1 Ins Ins | None | 10.00% upfront | 67% - 87.6% | 82.6% - 109.3% | 38 |
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 |
Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
---|---|---|---|---|---|---|---|
X Axis | ||||||
---|---|---|---|---|---|---|
Greater than: | ||||||
Less or equal to: | ||||||
N (# of Samples) | ||||||
Total Borrrowers of Samples | ||||||
Avg | ||||||
Min | ||||||
Max | ||||||
Std Dev | ||||||
By Inst Type | ||||||
By Country | ||||||
X Axis | ||||||
---|---|---|---|---|---|---|
Greater than: | ||||||
Less or equal to: | ||||||
From 0 to | ||||||
to | ||||||
to | ||||||
to ∞ |