Institution Type | Private 'For-Profit' |
Is this institution regulated? | N/A |
Website address | http://www.oibm.mw/ |
Year established | 2003 |
Head of Institution | Aleksandr-Alain Kalanda |
Regions active | 0 |
# Branches | 28 |
Total Portfolio (nat'l) | MWK 4,500,000,000 |
Total Portfolio (USD) | USD 30,000,000 |
Active clients with loans | 48,000 |
Approximate % female clients | 40% - 60% |
Approximate % urban clients | 40% - 60% |
Network affiliations | Opportunity International, Malawi Microfinance Network, Bankers Association of Malawi |
Funders | Opportunity Transformation Investment, Opportunity Microfinance Investment Ltd., Trust for Transformation, Africap |
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% | ||||||||||
Masiko (Group) Loan | MWK 35,000 - 2,000,000 | 4 - 9 | 40% - 60% | 20% - 40% | ||||||||||
Mzati (Individual) Loan | MWK 30,000 - 600,000 | 3 - 12 | 40% - 60% | 40% - 60% | ||||||||||
Payroll Loan | MWK 1,000 - 4,000,000 | 3 - 48 | 20% - 40% | 40% - 60% |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Agriculture Loan | 26.00%-27.00% annual, Decl Bal | 1 Fee | 0 Ins | 31.5% - 31.6% | 35.9% - 36% | |||||||||||
Masiko (Group) Loan | 35.75% annual, Flat | 1 Fee | 0 Ins | 0% - 63% | 75.9% - 81% | |||||||||||
Mzati (Individual) Loan | 21.60%-30.00% annual, Flat | 1 Fee | 0 Ins | 0% - 68.9% | 57.2% - 128.3% | |||||||||||
Payroll Loan | 24.50% annual, Decl Bal | 1 Fee | 0 Ins | N/A | 0% | 0% |
Institution | # Borrowers | Portfolio (US$) | Products | Age of Data |
---|---|---|---|---|
ACAWE | 100 | 16,000 | 2 | 149 |
AfricaWorks | 6,500 | 1,843,000 | 8 | 111 |
AZADER | 200 | 3,000 | 2 | 150 |
BOM | 18,900 | 6,422,000 | 3 | 119 |
CCOM | 9,100 | 2,995,000 | 6 | 134 |
FDM | 7,200 | 1,002,000 | 4 | 134 |
Hluvuku-ADSEMA | 5,300 | 2,959,000 | 3 | 134 |
IRAM | 0 | 0 | 0 | 134 |
ProCredit | 0 | 0 | 0 | 134 |
Tchuma | 0 | 0 | 0 | 134 |
SOCREMO | - | N/A | 161 |
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