2. FONDEP
Please note that the information you are viewing is 122 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. MARDEF
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

Institution

Fondation pour le Development Local et le Partenariat Micro-Crédit Imm. Saraya, Angle Bd Riad et Av Alarz - Hay RiadRabat10100
Data approved: 2013-05-13
Data version: 1
Age of data: 122 months

Institution

Malawi Rural Development Fund Head OfficeLilongwePO Box 779
Data approved: 2012-11-25
Data version: 2
Age of data: 137 months
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Product

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Product

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Product Summary

Number borrowers98,244
Loan Amount (range)MAD 3,000 - 30,000
Loan Term (range)3 - 36
Other Services (text summary)Credit Educ
Annual Interest & Method34.0% annual, Decl Bal
Fees2.50% upfront 10.00 upfront
InsuranceNone
TaxNone
Comp DepN/A
Range of pricing 
Interest Price Component26.5% - 34.5%
Fee Component1.0% - 10.3%
Insurance Component0
Tax Component Range0
Full APR (int fee ins tax dep)37.3% - 44.6%
Transparency Index (min/max)76 - 98
Transparency Index (average)83

Product Summary

166,575
MWK 150,000 - 500,000
6 - 18
Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training, Group Dynamics
28.00% annual, Decl Bal
2.40% upfront
0.50% upfront
None
N/A
 
21.4% - 27.7%
2.5% - 3.2%
0.6%
0
24.9% - 31.1%
90 - 113
100

Product Details

Key Statistics
Outstanding portfolio (MAD)MAD 718,781,886
Portfolio (USD)USD 84,562,574.82
Active Clients with Loans98,244
Approximate % Female Clients40% - 60%
Approximate % Urban Clients40% - 60%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Ce produit est destiné aux clients micro-entrepreneurs qui désirent développer leurs activité en se basant sur un financement individuel adapté à leurs besoins.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculturex
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetings
Credit insurance
Workplace visits
Business training
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 worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution9
# Regions for this product9
Regions ActiveTangier-Tétouan, East and the Rif, Fes-Meknes, Rabat-Sale-Kenitra, Beni Mellal-Khenifra, Settat-Casablanca, Marrakesh-Safi, Drâa-Tafilalt, Souss-Massa

Product Details

Key Statistics
Outstanding portfolio (MWK)MWK 994,727,000
Portfolio (USD)USD 2,550,582.05
Active Clients with Loans166,575
Approximate % Female Clients40% - 60%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
These group loans are given to both rural and urban folks. It is required that women are included in each group.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visitsx
Business trainingx
Other trainingx
OtherGroup Dynamics
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution24
# Regions for this product28
Regions ActiveDedza, Dowa, Kasungu, Lilongwe, Mchinji, Nkhotakota, Ntcheu, Ntchisi, Salima, ChitipaKaronga, Likoma, Mzimba, Nkhata Bay, Rumphi, Balaka, Blantyre, Chikwawa, Chiradzulu, MachingaMangochi, Mulanje, Mwanza, Nsanje, Thyolo, Phalombe, Zomba, Neno

Loan Conditions

Loan Amount
CurrencyMAD
Minimum loan sizeMAD 3,000
Maximum loan size30,000
Distribution at Disbursement (Est.)
Loans less than MAD 5,00030%
MAD 5,000-15,00060%
MAD 15,000-25,0005%
MAD 25,000-35,0005%
MAD 35,000-45,0000
Greater than MAD 45,0000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term36.0 months
Approx average17.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months40%
Between 13 and 18 months40%
Longer than 18 months20%
Grace Period
Grace period usage0
Average grace period0
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
CurrencyMWK
Minimum loan sizeMWK 150,000
Maximum loan size500,000
Distribution at Disbursement (Est.)
Loans less than MWK 50,0000
MWK 50,000-150,0000
MWK 150,000-250,00020%
MWK 250,000-350,00030%
MWK 350,000-450,00030%
Greater than MWK 450,00030%
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term18.0 months
Approx average12.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months50%
Between 13 and 18 months50%
Longer than 18 months0
Grace Period
Grace period usage100%
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

Pricing Information

Interest
Lowest quoted nominal interest34.00%
Highest quoted nominal interest34.00%
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionFrais de dossierFrais de Carnet
% of loan amount - min2.50%0
% of loan amount - max2.50%0
OR, Fixed amount - min010
Fixed amount - max010
Reason for variationN/DN/A
Appears on Repayment Sched?YesNo
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No
Additional Comments
MAD 50 membership fee for new clients + MAD 10 passbook fee (passbook is always kept by the client)

Pricing Information

Interest
Lowest quoted nominal interest28.00%
Highest quoted nominal interest28.00%
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termNo
Upfront Fees
Fee 1
DescriptionLoan Processing Fee
% of loan amount - min2.40%
% of loan amount - max2.40%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionLife Insurance
% of loan amount - min0.50%
% of loan amount - max0.50%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Full Pricing Data

Attarwij samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountMAD 3,087.18MAD 3,600MAD 5,138.46MAD 5,138.46MAD 30,779.49
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2014-02-212014-02-142014-02-132014-02-212014-02-21
Loan Term (Months)6.0 months12.0 months6.0 months12.0 months18.0 months
Grace Period (Months)-0.1 months-0.1 months-0.1 months-0.1 months-0.1 months
Total Cost of CreditMAD 402MAD 808MAD 664MAD 1,144MAD 9,726
True Price by Comp         
Interest price component34.3%34.3%34.5%34.1%33.8%
Fee Component10.3%5.5%9.8%5.4%3.5%
Insurance Component0.0%0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)44.6%39.8%44.3%39.5%37.3%
Transparency Index7685778691
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF

Full Pricing Data

Group Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountMWK 144,110MWK 300,000MWK 112,700MWK 500,000
Loan Cycle (1, 2, 3, etc)11Not KnownNot Known
Disbursement Date2012-05-302012-02-292012-08-232012-07-03
Loan Term (Months)24.0 months15.0 months24.0 months16.0 months
Grace Period (Months)0.0 months2.9 months-0.7 months4.0 months
Total Cost of CreditMWK 48,075.19MWK 65,076MWK 36,556.30MWK 115,540
True Price by Comp       
Interest price component26.6%22.4%27.7%21.4%
Fee Component2.5%3.2%2.8%2.9%
Insurance Component0.6%0.6%0.6%0.6%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)29.7%26.2%31.1%24.9%
Transparency Index9410090100
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
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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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