2. AfricaWorks
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  2. CCODE
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 Fialho de Almeida 69Maputo
Data approved: 2013-05-23
Data version: 2
Age of data: -   months 
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Institution

The Centre for Community Organisation and Development Head OfficeLilongwePO Box 2109
Data approved: 2012-12-04
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 activeMaputo Capital, Maputo Province, Inhambane, Gaza
# Branches7

Total Portfolio (nat'l)MZN 51,898,022.01
Total Portfolio (USD)USD 1,707,171.78
Active clients with loans4,901
Approximate % female clients60% - 80%
Approximate % urban clients60% - 80%
Network affiliationsAMOMIF, MIX
Funders

Institution Details

Institution TypeNon-Governmental Organization
Is this institution regulated?Yes
Website addressN/A
Year established2003
Head of InstitutionSiku Nkhoma
Regions activeDedza, Dowa, Kasungu, Lilongwe, Ntcheu, Salima, ChitipaKaronga, Mzimba, Nkhata Bay, Rumphi, Balaka, Blantyre, Chikwawa, Chiradzulu, Machinga, Mulanje
# Branches1

Total Portfolio (nat'l)MWK 250,550,466.50
Total Portfolio (USD)USD 642,437.09
Active clients with loans2,351
Approximate % female clients80% - 100%
Approximate % urban clients60% - 80%
Network affiliationsSlum Dwellers International, MAMN, Malawi Homeless People's Federation
FundersSlum Dwellers International, Homeless International, African Development Bank, WASTE

Loan Products » Summary

Especial
196 Borrowers
USD 131,901.55 Portfolio
Active Product
Comunitario
4,212 Borrowers
USD 942,577.32 Portfolio
Active Product
Individual
244 Borrowers
USD 420,395.99 Portfolio
Active Product
Tsembeka
130 Borrowers
USD 22,687.34 Portfolio
Active Product
Pecuario
89 Borrowers
USD 168,348.49 Portfolio
Active Product
Solidario
9 Borrowers
USD 8,574.72 Portfolio
Low Volume Product
Agricultura
21 Borrowers
USD 12,686.35 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

Business
139 Borrowers
USD 2,375.73 Portfolio
Active Product
Home
334 Borrowers
USD 4,065.71 Portfolio
Active Product
Sanitation
870 Borrowers
USD 132,828.60 Portfolio
Active Product
Water
255 Borrowers
USD 14,796.76 Portfolio
Active Product
Home Loan
Retired Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Especial MZN 10,000 - 60,000 4 - 6 40% - 60% 60% - 80% Business Women, Men Credit Educ, Group Mtgs, Tech Asst Visits, Business Training
Grupo Comunitario MZN 3,000 - 30,000 4 - 6 60% - 80% 60% - 80% Business Women, Men Credit Educ, Group Mtgs, Tech Asst Visits, Business Training
Individual MZN 20,000 - 500,000 2 - 12 20% - 40% 80% - 100% Business Women, Men Credit Educ, Group Mtgs, Tech Asst Visits, Business Training
Tsembeka MZN 3,000 - 15,000 4 - 6 60% - 80% 40% - 60% Business Women, Men Credit Educ, Group Mtgs, Tech Asst Visits, Business Training
Pecuária (Criação de frangos de corte) MZN 10,000 - 300,000 2 60% - 80% 40% - 60% Business Women, Men Tech Asst Visits

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Business Loan MWK 10,000 - 10,000 6 80% - 100% 80% - 100% Business, Can only be used for working capital Women, Men, Must be a member of the Malawi Homeless People's Federation. Business Training
Home Improvement Loan MWK 20,000 - 20,000 24 80% - 100% 80% - 100% Housing Women, Men, Must be a member of the Malawi Homeless People's Federation
Sanitation Loan MWK 40,000 - 100,000 24 80% - 100% 80% - 100% Sanitation Women, Men, Residents from the peri urban areas
Water Loan MWK 18,000 - 120,000 24 60% - 80% 80% - 100% water supply Women, Men, Residents from the peri urban areas

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Especial 52.0% annual, Flat 0 Fees 0 Ins None 15.0%-30.0% upfront 70.6% - 79.8% 89.3% - 126.5% 46
Grupo Comunitario 52.0% annual, Flat 0 Fees 0 Ins None 10.0%-20.0% upfront 77.5% - 78.7% 77.5% - 109% 55
Individual 45.5% annual, Flat 0 Fees 0 Ins None 10.0%-15.0% upfront 65.2% - 66.6% 76.1% - 78.1% 58
Tsembeka 32.5% annual, Flat 0 Fees 0 Ins None 10.0%-15.0% upfront 48.8% - 50.2% 50.2% - 59.4% 58
Pecuária (Criação de frangos de corte) 24.0% annual, Flat 0 Fees 0 Ins None N/A 26% - 39.8% 26% - 39.8% 77

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 None 10.00% upfront 16.8% 16.8% 100
Home Improvement Loan 12.00% annual, Decl Bal 0 Fees 0 Ins None 10.00% upfront 10.9% 10.9% 100
Sanitation Loan 12.00% annual, Decl Bal 0 Fees 0 Ins None 10.00% upfront 10.9% 10.9% 100
Water Loan 12.00% annual, Decl Bal 0 Fees 0 Ins None 10.00% upfront 10.9% - 11% 10.9% - 11% 100

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Especial 52.0% annual, Flat 0 Fees 0 Ins Ins None 15.0%-30.0% upfront 70.6% - 79.8% 89.3% - 126.5% 46
Grupo Comunitario 52.0% annual, Flat 0 Fees 0 Ins Ins None 10.0%-20.0% upfront 77.5% - 78.7% 77.5% - 109% 55
Individual 45.5% annual, Flat 0 Fees 0 Ins Ins None 10.0%-15.0% upfront 65.2% - 66.6% 76.1% - 78.1% 58
Tsembeka 32.5% annual, Flat 0 Fees 0 Ins Ins None 10.0%-15.0% upfront 48.8% - 50.2% 50.2% - 59.4% 58
Pecuária (Criação de frangos de corte) 24.0% annual, Flat 0 Fees 0 Ins Ins None N/A 26% - 39.8% 26% - 39.8% 77

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 None 10.00% upfront 16.8% 16.8% 100
Home Improvement Loan 12.00% annual, Decl Bal 0 Fees 0 Ins Ins None 10.00% upfront 10.9% 10.9% 100
Sanitation Loan 12.00% annual, Decl Bal 0 Fees 0 Ins Ins None 10.00% upfront 10.9% 10.9% 100
Water Loan 12.00% annual, Decl Bal 0 Fees 0 Ins Ins None 10.00% upfront 10.9% - 11% 10.9% - 11% 100
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% Products with one or more fee
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% Products with compulsory deposits
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