| Number borrowers | 3,789 |
| Loan Amount (range) | UGX 1,000,000 - 8,000,000 |
| Loan Term (range) | 3 - 5 |
| Other Services (text summary) | Credit Educ |
| Annual Interest & Method | 22.0% annual, Flat |
| Fees | 4 fees |
| Insurance | 1,500.00 upfront 1,500.00 upfront |
| Tax | None |
| Comp Dep | 10.0% upfront |
| Range of pricing | |
| Interest Price Component | N/A |
| Fee Component | 40.8% - 42.4% (Int+Fee) |
| Insurance Component | 0.1% - 2.4% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 48.9% - 51.1% |
| Transparency Index (min/max) | 29 - 45 |
| Transparency Index (average) | 44 |
| 540 |
| MWK 200,000 - 1,500,000 |
| 1 - 24 |
| Credit Educ, Tech Asst Visits, Business Training, Other Training |
| 24.00%-36.00% annual, Decl Bal |
| 1.00%-3.00% upfront |
| None |
| None |
| N/A |
| N/A |
| 37.9% - 38.3% (Int+Fee) |
| 0 |
| 0 |
| 37.9% - 38.3% |
| 63 |
| 63 |
| Outstanding portfolio (UGX) | UGX 56,882,446,705 |
| Portfolio (USD) | USD 25,855,657.59 |
| Active Clients with Loans | 3,789 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 20% - 40% |
| Individual | x |
| Solidarity group | |
| 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 | x |
| Group meetings | |
| Credit insurance | |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services |
| Men | x |
| 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 | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Outstanding portfolio (MWK) | MWK 200,000,000 |
| Portfolio (USD) | USD 512,820.51 |
| Active Clients with Loans | 540 |
| Approximate % Female Clients | 0% - 20% |
| Approximate % Urban Clients | 20% - 40% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | Can be used for ANY business use |
| Other (2) |
| Credit education | x |
| Group meetings | |
| Credit insurance | |
| Workplace visits | x |
| Business training | x |
| Other training | x |
| Other | |
| Other (2) | |
| No other services |
| Men | x |
| Women | x |
| Must run a business | x |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | x |
| Other | Fixed business or residential place |
| Other (2) | Produce business records or bank statements |
| # Regions for this institution | 4 |
| # Regions for this product | 4 |
| Regions Active | Lilongwe, Rumphi, Blantyre, Mulanje |
| Currency | UGX |
| Minimum loan size | UGX 1,000,000 |
| Maximum loan size | 8,000,000 |
| Shortest loan term | 3.0 months |
| Longest loan term | 5.0 months |
| Approx average | 3.0 months |
| Loans 3 months or less | N/A |
| Between 4 and 6 months | N/A |
| Between 7 and 9 months | N/A |
| Between 10 and 12 months | N/A |
| Between 13 and 18 months | N/A |
| Longer than 18 months | N/A |
| 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 |
| Currency | MWK |
| Minimum loan size | MWK 200,000 |
| Maximum loan size | 1,500,000 |
| Loans less than MWK 50,000 | 0 |
| MWK 50,000-150,000 | 0 |
| MWK 150,000-250,000 | 10% |
| MWK 250,000-350,000 | 10% |
| MWK 350,000-450,000 | 10% |
| Greater than MWK 450,000 | 10% |
| Shortest loan term | 1.0 month |
| Longest loan term | 24.0 months |
| Approx average | 12.0 months |
| Loans 3 months or less | 20% |
| Between 4 and 6 months | 20% |
| Between 7 and 9 months | 20% |
| Between 10 and 12 months | 20% |
| Between 13 and 18 months | 10% |
| Longer than 18 months | 10% |
| Grace period usage | 10% |
| Average grace period | 3.0 months |
| Daily | |
| Weekly | x |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | x |
| Every 6 months | |
| Every 12 months | |
| Single end payment | x |
| Irregular payments |
| Lowest quoted nominal interest | 22.00% |
| Highest quoted nominal interest | 22.00% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | N/A |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | Fee 2 | Fee 3 | |||
|---|---|---|---|---|---|
| Description | Loan Apprisal | Legal fee | Loan Apprisal | ||
| % of loan amount - min | 1.00% | 0 | 1.00% | ||
| % of loan amount - max | 1.00% | 0 | 1.00% | ||
| OR, Fixed amount - min | 0 | 13,000 | 0 | ||
| Fixed amount - max | 0 | 20,000 | 0 | ||
| Reason for variation | |||||
| Appears on Repayment Sched? | No | No | No |
| Ins 1 | Ins 2 | ||
|---|---|---|---|
| Description | Death Benefit | Death Benefit | |
| % of loan amount - min | 0 | 0 | |
| % of loan amount - max | 0 | 0 | |
| OR, Fixed amount - min | 1,500 | 1,500 | |
| Fixed amount - max | 1,500 | 1,500 | |
| Reason for variation | |||
| Appears on Repayment Sched? |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | |
| Do borrowers control deposit in their group? |
| % loan amount deposited | 10.00% - N/A |
| or, Fixed-amount deposited | 0 - N/A |
| % loan amount deposited | 0 - N/A |
| or, Fixed-amount deposited | 0 - N/A |
| Conditions on access to deposit |
| Minimum interest rate paid | 0 |
| Maximum interest rate paid | 0 |
| Interest payment frequency | N/A |
| Are taxes charged on this product? | No |
| Lowest quoted nominal interest | 2.00% |
| Highest quoted nominal interest | 3.00% |
| Reason(s) why interest rate varies | Loan Size, Client Risk |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Administration Fee |
| % of loan amount - min | 1.00% |
| % of loan amount - max | 3.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
| 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? | No |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | UGX 1,500,000 | UGX 3,000,000 | UGX 6,000,000 | ||
| Loan Cycle (1, 2, 3, etc) | 2 | 1 | 2 | ||
| Disbursement Date | 2012-02-16 | 2012-02-12 | 2012-03-13 | ||
| Loan Term (Months) | 12.0 months | 12.0 months | 12.0 months | ||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
| Total Cost of Credit | Not Known | Not Known | Not Known | ||
| True Price by Comp | |||||
| Interest and Fee Component | 42.4% | 41.0% | 40.8% | ||
| Insurance Component | 0.2% | 0.1% | 0.1% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 8.5% | 8.1% | 8.1% | ||
| Full APR (int fee ins tax dep) | 51.1% | 49.2% | 48.9% | ||
| Transparency Index | 43 | 45 | 45 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | MWK 250,000 | MWK 350,000 | MWK 500,000 | ||
| Loan Cycle (1, 2, 3, etc) | 1 | 1 | 2 | ||
| Disbursement Date | 2010-06-02 | 2010-06-01 | 2009-07-15 | ||
| Loan Term (Months) | 12.0 months | 12.0 months | 12.0 months | ||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
| Total Cost of Credit | Not Known | Not Known | Not Known | ||
| True Price by Comp | |||||
| Interest and Fee Component | 38.3% | 38.1% | 37.9% | ||
| Insurance Component | 0.0% | 0.0% | 0.0% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 0.0% | 0.0% | 0.0% | ||
| Full APR (int fee ins tax dep) | 38.3% | 38.1% | 37.9% | ||
| Transparency Index | 63 | 63 | 63 | ||
| 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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