Institution # Borrowers Portfolio (US$) Products Age of Data
ACB-SA4,3351,476,2886103
Comicoka827758,4354103
COOJAD511823,2156103
COOPEDU2,0297,549,8359103
Duterimbere6,6074,365,0443103
Goshen2,0763,716,0085120
Inkingi2,6482,593,3665120
RML4,9603,473,7813103
UCU3,3911,603,5244103
Urwego37,90014,755,0006
Vision Finance14,2263,474,6466120
Wisigara2,177904,7083103
Zamuka253124,4453103
Zigama CSS53,80659,670,7532120
Please note that the information you are viewing is 103 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

CUMO Microfinance Ltd Plot 214-215 AirfieldDedzaPO Box 222
Data approved: 2012-11-23
Data version: 2
Age of data: 103 months

Product

Fumba (Agricultural Loan) Product 1 of 3 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (MWK)MWK 12,021,238
Portfolio (USD)USD 30,823.69
Active Clients with Loans790
Approximate % Female Clients60% - 80%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity groupx
Village bankingx
Self help group
Other
Description
Agricultural loan extended to clients on the Masika Loan to enable them buy important farm inputs. The loan runs from December to May every year for rain-fed Agriculture. It is also extended during varied times for irrigation farming.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
OtherUsed for only working capital purpose
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visits
Business trainingx
Other training
OtherEnvironmental & HIV & AIDS education
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 institution11
# Regions for this product8
Regions ActiveDedza, Dowa, Lilongwe, Ntcheu, Mulanje, Thyolo, Phalombe, Zomba

Loan Conditions

Loan Amount
CurrencyMWK
Minimum loan sizeMWK 10,000
Maximum loan size50,000
Distribution at Disbursement (Est.)
Loans less than MWK 50,000100%
MWK 50,000-150,0000
MWK 150,000-250,0000
MWK 250,000-350,0000
MWK 350,000-450,0000
Greater than MWK 450,0000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term6.0 months
Approx average6.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months100%
Between 7 and 9 months0
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months0
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 paymentx
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest5.00%
Highest quoted nominal interest5.00%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionLoan Processing Fee
% of loan amount - min3.00%
% of loan amount - max3.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionCredit Insurance -Life&Health
% of loan amount - min2.00%
% of loan amount - max2.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?No
Deposit BEFORE or AT Disbursement
% loan amount deposited5.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositFinal Pmt
Interest Paid on Deposit
Minimum interest rate paid0
Maximum interest rate paid0
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No
Additional Comments
This product is seasonal.

Full Pricing Data

Fumba (Agricultural Loan) samples
Sample 1Sample 2Sample 3
Loan AmountMWK 9,000MWK 25,000MWK 50,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2011-12-142011-12-142011-12-14
Loan Term (Months)5.6 months5.6 months5.6 months
Grace Period (Months)4.6 months4.6 months4.6 months
Total Cost of CreditMWK 3,150MWK 8,750MWK 17,500
True Price by Comp     
Interest price component63.7%63.7%63.7%
Fee Component7.4%7.4%7.4%
Insurance Component5.2%5.2%5.2%
Tax Component0.0%0.0%0.0%
Deposit Component4.0%4.0%4.0%
Full APR (int fee ins tax dep)80.3%80.3%80.3%
Transparency Index757575
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
Fumba (Agricultural Loan) Price Graphs


Caps / Zoom options
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
Loading...
X Axis
Greater than:
Less or equal to:
N (# of Samples)
Total Borrrowers of Samples
Avg
Min
Max
Std Dev
By Inst Type
By Country

Total Borrowers of Samples

X Axis
Greater than:
Less or equal to:
From 0 to
to
to
to