| Number borrowers | 33,590 |
| Loan Amount (range) | PKR 10,000 - 150,000 |
| Loan Term (range) | 3 - 12 |
| Other Services (text summary) | Group Mtgs, Credit Ins |
| Annual Interest & Method | 26.0%-38.4% annual, Decl Bal |
| Fees | 230.00-980.00 upfront |
| Insurance | None |
| Tax | 16.00% fees |
| Comp Dep | N/A |
| Range of pricing | |
| Interest Price Component | 4.0% - 41.0% |
| Fee Component | 0.4% - 8.6% |
| Insurance Component | 0 |
| Tax Component Range | 0 - 0.9% |
| Full APR (int fee ins tax dep) | 27.8% - 40.6% |
| Transparency Index (min/max) | 0 - N/A |
| Transparency Index (average) | N/A |
| 355 |
| MWK 65,000 - 180,000 |
| 6 - 10 |
| Group Mtgs, Tech Asst Visits, Business Training, Other Training, Group Dynamics |
| 48.00% annual, Flat |
| None |
| None |
| None |
| 20.00% upfront |
| 36.2% - 108.4% |
| 0 |
| 0 |
| 0 |
| 107.4% - 107.5% |
| 36 - 124 |
| 44 |
| Outstanding portfolio (PKR) | PKR 823,809,529 |
| Portfolio (USD) | USD 8,406,219.68 |
| Active Clients with Loans | 33,590 |
| Approximate % Female Clients | 20% - 40% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | Small animal purchase, raring, fattening and productivity enhancement of large animals |
| Other (2) |
| Credit education | |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services |
| Men | x |
| Women | x |
| Must run a business | |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | 6 |
| # Regions for this product | 6 |
| Regions Active | Azad Kashmir, Balochistan, Gilgit-Baltistan, Khyber Pakhtunkwa, Punjab, Sindh |
| Outstanding portfolio (MWK) | MWK 38,676,155 |
| Portfolio (USD) | USD 99,169.63 |
| Active Clients with Loans | 355 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | |
| Group meetings | x |
| Credit insurance | |
| Workplace visits | x |
| Business training | x |
| Other training | x |
| Other | Group Dynamics |
| Other (2) | |
| No other services |
| Men | |
| Women | x |
| Must run a business | x |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | 18 |
| # Regions for this product | 16 |
| Regions Active | Dowa, Lilongwe, Nkhotakota, Ntcheu, Ntchisi, SalimaKaronga, Mzimba, Nkhata Bay, Rumphi, Balaka, Blantyre, Chikwawa, Machinga, Mulanje, Zomba |
| Currency | PKR |
| Minimum loan size | PKR 10,000 |
| Maximum loan size | 150,000 |
| Loans less than PKR 10,000 | 0 |
| PKR 10,000-25,000 | 80% |
| PKR 25,000-50,000 | 10% |
| PKR 50,000-75,000 | 5% |
| PKR 75,000-150,000 | 5% |
| Greater than PKR 150,000 | 5% |
| Shortest loan term | 3.0 months |
| Longest loan term | 12.0 months |
| Approx average | 12.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 100% |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | x |
| Irregular payments |
| Currency | MWK |
| Minimum loan size | MWK 65,000 |
| Maximum loan size | 180,000 |
| Loans less than MWK 50,000 | 0 |
| MWK 50,000-150,000 | 90% |
| MWK 150,000-250,000 | 10% |
| MWK 250,000-350,000 | 0 |
| MWK 350,000-450,000 | 0 |
| Greater than MWK 450,000 | 0 |
| Shortest loan term | 6.0 months |
| Longest loan term | 10.0 months |
| Approx average | 6.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 90% |
| Between 7 and 9 months | 10% |
| Between 10 and 12 months | 0 |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 26.00% |
| Highest quoted nominal interest | 38.40% |
| Reason(s) why interest rate varies | Branch, Loan Repayment Type (bullet & Installment) |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Loan Processing Fee |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 230 |
| Fixed amount - max | 980 |
| Reason for variation | Fee applies on different loan slabs. Insurance fee is part of processing fee |
| Appears on Repayment Sched? | Yes |
| Required for | Never |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | N/A |
| Do borrowers control deposit in their group? | N/A |
| % loan amount deposited | N/A |
| or, Fixed-amount deposited | N/A |
| % loan amount deposited | N/A |
| or, Fixed-amount deposited | N/A |
| Conditions on access to deposit | N/A |
| Minimum interest rate paid | N/A |
| Maximum interest rate paid | N/A |
| Interest payment frequency | N/A |
| Are taxes charged on this product? | Yes |
| Percentage of fees | 16% |
| All or some fees taxed | Some |
| Lowest quoted nominal interest | 4.00% |
| Highest quoted nominal interest | 4.00% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | Yes |
| Do borrowers control deposit in their group? | Yes |
| % loan amount deposited | 20.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | End Term |
| Minimum interest rate paid | 5.00% |
| Maximum interest rate paid | 7.00% |
| Interest payment frequency | Annually |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | PKR 30,000 | PKR 50,000 | PKR 70,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2013-08-23 | 2013-06-20 | 2013-09-30 | ||
| Loan Term (Months) | 12.0 months | 12.0 months | 12.0 months | ||
| Grace Period (Months) | 0.2 months | 0.0 months | 0.2 months | ||
| Total Cost of Credit | PKR 10,296 | PKR 11,719 | PKR 19,179 | ||
| True Price by Comp | |||||
| Interest price component | 32.0% | 37.8% | 26.0% | ||
| Fee Component | 2.7% | 2.4% | 1.8% | ||
| Insurance Component | 0.0% | 0.0% | 0.0% | ||
| Tax Component | 0.4% | 0.4% | 0.0% | ||
| Deposit Component | 0.0% | 0.0% | 0.0% | ||
| Full APR (int fee ins tax dep) | 35.1% | 40.6% | 27.8% | ||
| Transparency Index | N/A | N/A | N/A | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | MWK 100,000 | MWK 110,000 | MWK 150,000 | MWK 180,000 | |||
| Loan Cycle (1, 2, 3, etc) | 4 | 2 | 4 | 2 | |||
| Disbursement Date | 2012-10-30 | 2012-10-08 | 2012-10-30 | 2012-10-30 | |||
| Loan Term (Months) | 6.0 months | 6.0 months | 6.0 months | 6.0 months | |||
| Grace Period (Months) | 0.0 months | 0.2 months | 0.0 months | 0.0 months | |||
| Total Cost of Credit | MWK 24,000 | MWK 26,400 | MWK 36,000 | MWK 43,200 | |||
| True Price by Comp | |||||||
| Interest price component | 75.7% | 75.8% | 75.7% | 75.7% | |||
| Fee Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Deposit Component | 31.7% | 31.7% | 31.7% | 31.7% | |||
| Full APR (int fee ins tax dep) | 107.4% | 107.5% | 107.4% | 107.4% | |||
| Transparency Index | 45 | 45 | 45 | 45 | |||
| Original Repayment Schedule | |||||||
| MFT Pricing Calculation |
| 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 |
| Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
|---|---|---|---|---|---|---|---|
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