2. CCODE
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  2. FMFC
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Institution

The Centre for Community Organisation and Development P.O. Box 2109LilongweP.O. Box 2109
Data approved: 2011-01-06
Data version: 1
Age of data: -   months 
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Institution

Fanikiwa Microfinance Company Limited Head OfficeDar Es SalaamPO Box 8695
Data approved: 2013-03-13
Data version: 2
Age of data: 128 months
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Institution Details

Institution TypeNon-Governmental Organization
Is this institution regulated?N/A
Website addressN/A
Year established2003
Head of InstitutionSIKU NKHOMA
Regions active0
# Branches1

Total Portfolio (nat'l)MWK 110,429,000
Total Portfolio (USD)USD 736,193.33
Active clients with loans2,422
Approximate % female clients80% - 100%
Approximate % urban clients60% - 80%
Network affiliationsSLUM DWELLERS INTERNATIONAL, MALAWI MICRO FINANCE NETWORK, MALAWI HOMELESS PEOPLE'S FEDERATION
FundersSLUM DWELLERS INTERNATIONAL, HOMELESS INTERNATIONAL, AFRICAN DEVELOPMENT BANK, WASTE

Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?No
Website addressN/A
Year established2010
Head of InstitutionThaddeo W. Mashera
Regions activeArusha, Dar es Salaam, Mwanza
# Branches5

Total Portfolio (nat'l)TZS 800,400,221
Total Portfolio (USD)USD 503,396.37
Active clients with loans1,538
Approximate % female clients60% - 80%
Approximate % urban clients20% - 40%
Network affiliationsTAMFI
FundersGatsby Charity Fund, Tanzania Gatsby Trust

Loan Products » Summary

Business Loan
399 Borrowers
USD 5,186 Portfolio
Active Product
Home Improvement Loan
233 Borrowers
USD 10,981 Portfolio
Active Product
Home Loan
1,468 Borrowers
USD 693,271 Portfolio
Active Product
Sanitation Loan
215 Borrowers
USD 30,200 Portfolio
Active Product

Loan Products » Summary

Jamii
1,342 Borrowers
USD 203,557.23 Portfolio
Active Product
Personal
121 Borrowers
USD 134,973.11 Portfolio
Active Product
Jijenge
25 Borrowers
USD 8,426.32 Portfolio
Low Volume Product
Mkulima
18 Borrowers
USD 2,277.72 Portfolio
Low Volume Product
SME
2 Borrowers
USD 22,012.55 Portfolio
Low Volume Product
Ushirika
30 Borrowers
USD 21,619.50 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
Business Loan MWK 10,000 - 30,000 1 - 6 80% - 100% 80% - 100%
Home Improvement Loan MWK 20,000 - 80,000 1 - 24 80% - 100% 80% - 100%
Home Loan MWK 100,000 - 250,000 1 - 96 80% - 100% 80% - 100%
Sanitation Loan MWK 25,000 - 40,000 24 80% - 100% 80% - 100%

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Jamii Loan TZS 50,000 - 2,000,000 3 - 12 60% - 80% 20% - 40% Business Women, Men, Have business Business Training
Personal Loan TZS 1,000,000 - 10,000,000 6 - 24 40% - 60% 40% - 60% Business Women, Men, Have business Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Business Loan 24.00% annual, Decl Bal 0 Fees 0 Ins N/A 17% - 17.2% 17% - 17.2%
Home Improvement Loan 12.00% annual, Decl Bal 0 Fees 0 Ins N/A 15.6% - 16.8% 15.6% - 16.8%
Home Loan 12.00% annual, Decl Bal 0 Fees 0 Ins N/A 11.3% - 11.7% 11.3% - 11.7%
Sanitation Loan 12.00% annual, Decl Bal 0 Fees 0 Ins N/A 16.1% - 16.8% 16.1% - 16.8%

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Jamii Loan 30.00% annual, Flat 2 Fees 1 Ins None 10.00% upfront 53.3% - 59.1% 68.7% - 75.8% 41
Personal Loan 24.00% annual, Flat 2 Fees 1 Ins None 15.00% upfront 42.8% - 47.5% 57.5% - 66.4% 38

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Business Loan 24.00% annual, Decl Bal 0 Fees 0 Ins Ins N/A 17% - 17.2% 17% - 17.2%
Home Improvement Loan 12.00% annual, Decl Bal 0 Fees 0 Ins Ins N/A 15.6% - 16.8% 15.6% - 16.8%
Home Loan 12.00% annual, Decl Bal 0 Fees 0 Ins Ins N/A 11.3% - 11.7% 11.3% - 11.7%
Sanitation Loan 12.00% annual, Decl Bal 0 Fees 0 Ins Ins N/A 16.1% - 16.8% 16.1% - 16.8%

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Jamii Loan 30.00% annual, Flat 2 Fees 1 Ins Ins None 10.00% upfront 53.3% - 59.1% 68.7% - 75.8% 41
Personal Loan 24.00% annual, Flat 2 Fees 1 Ins Ins None 15.00% upfront 42.8% - 47.5% 57.5% - 66.4% 38
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