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
  2. CUMO
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

Institution

AfricaWorks Kenneth Kaunda, R/C Sommerschield, 1174Maputo
Data approved: 2012-02-06
Data version: 1
Age of data: -   months 
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Institution

CUMO Microfinance Ltd Plot 214-215 AirfieldDedzaPO Box 222
Data approved: 2012-11-23
Data version: 2
Age of data: 136 months
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Institution Details

Institution TypeNon-Governmental Organization
Is this institution regulated?Yes
Website addressN/A
Year established2008
Head of InstitutionClaudien Nsengimana
Regions active0
# Branches6

Total Portfolio (nat'l)MT 43,105,161
Total Portfolio (USD)USD 1,390,489.07
Active clients with loans4,547
Approximate % female clients60% - 80%
Approximate % urban clients80% - 100%
Network affiliationsAMOMIF, MIX
Funders

Institution Details

Institution TypeNon-Governmental Organization
Is this institution regulated?Yes
Website addresshttp://www.concernuniversal.org/
Year established2000
Head of InstitutionEzikiel Phiri
Regions activeDedza, Dowa, Lilongwe, Ntcheu, Salima, Balaka, Chiradzulu, MachingaMangochi, Mulanje, Nsanje
# Branches2

Total Portfolio (nat'l)MWK 231,643,414
Total Portfolio (USD)USD 593,957.47
Active clients with loans48,013
Approximate % female clients60% - 80%
Approximate % urban clients20% - 40%
Network affiliationsMAMN, The MIX Market
FundersConcern Universal, USAID, UNDP UNCDF through FIMA, Irish Aid

Loan Products » Summary

Especial
70 Borrowers
USD 37,572.58 Portfolio
Active Product
Comunitario
4,089 Borrowers
USD 878,672.26 Portfolio
Active Product
Individual
187 Borrowers
USD 331,119.68 Portfolio
Active Product
Tsembeka
171 Borrowers
USD 21,318.55 Portfolio
Active Product
Solidario
19 Borrowers
USD 22,250 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 » Summary

Fumba
790 Borrowers
USD 30,823.69 Portfolio
Active Product
Masika
47,223 Borrowers
USD 563,133.78 Portfolio
Active Product
Mtenthandevu (Small Holder Tea Growers)
Retired Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Especial MZN 10,000 - 50,000 4 - 6 60% - 80% 20% - 40% Business Women, Men Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training
Grupo Comunitario MZN 3,000 - 30,000 4 - 6 80% - 100% 20% - 40% Business Women, Men Credit Educ, Group Mtgs, Credit Ins, Business Training
Individual MZN 20,000 - 400,000 2 - 12 60% - 80% 20% - 40% Business Women, Men Credit Ins
Tsembeka MZN 2,000 - 10,000 4 - 6 60% - 80% 20% - 40% Business Women, Men

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Fumba (Agricultural Loan) MWK 10,000 - 50,000 6 60% - 80% 0% - 20% Business, Used for only working capital purpose Women, Men, Have business Credit Educ, Group Mtgs, Credit Ins, Business Training, Environmental & HIV & AIDS education
Masika (Village Enterprise Loan) MWK 2,000 - 200,000 4 - 6 60% - 80% 0% - 20% Business, Used for only working capital purpose Women, Men Credit Educ, Group Mtgs, Credit Ins, Business Training, Environmental and HIV-AIDS Education

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Especial 65.0% annual, Flat 0 Fees 0 Ins None 10.0% upfront 0% 0% N/A
Grupo Comunitario 60.0% annual, Flat 0 Fees 0 Ins None N/A 0% 0% N/A
Individual 52.0% annual, Flat 0 Fees 0 Ins None 10.00% ongoing 0% 0% N/A
Tsembeka 32.5% annual, Flat 0 Fees 0 Ins None N/A 0% 0% N/A

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Fumba (Agricultural Loan) 60.00% annual, Flat 1 Fee 1 Ins None 5.00% upfront 71.1% 80.3% 74
Masika (Village Enterprise Loan) 54.00%-72.00% annual, Flat 1 Fee 1 Ins None 5.00% upfront 104.4% 125.1% 43

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Especial 65.0% annual, Flat 0 Fees 0 Ins Ins None 10.0% upfront 0% 0% N/A
Grupo Comunitario 60.0% annual, Flat 0 Fees 0 Ins Ins None N/A 0% 0% N/A
Individual 52.0% annual, Flat 0 Fees 0 Ins Ins None 10.00% ongoing 0% 0% N/A
Tsembeka 32.5% annual, Flat 0 Fees 0 Ins Ins None N/A 0% 0% N/A

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Fumba (Agricultural Loan) 60.00% annual, Flat 1 Fee 1 Ins Ins None 5.00% upfront 71.1% 80.3% 74
Masika (Village Enterprise Loan) 54.00%-72.00% annual, Flat 1 Fee 1 Ins Ins None 5.00% upfront 104.4% 125.1% 43
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Key Statistics
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Loan Portfolio (USD)
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% Products with one or more fee
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% Products with compulsory deposits
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