| Number borrowers | 1,157 |
| Loan Amount (range) | USD 50 - 10,000 |
| Loan Term (range) | 3 - 36 |
| Other Services (text summary) | Credit Ins |
| Annual Interest & Method | 18.0%-24.5% annual, Decl Bal |
| Fees | None |
| Insurance | None |
| Tax | None |
| Comp Dep | N/A |
| Range of pricing | |
| Interest Price Component | 7.8% - 28.0% |
| Fee Component | 0 |
| Insurance Component | 0 |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 18.6% - 24.5% |
| Transparency Index (min/max) | 52 - 101 |
| Transparency Index (average) | 83 |
| 162 |
| MZN 10,000 - 100,000 |
| 6 - 12 |
| Credit Educ, Tech Asst Visits, Business Training, Other Training |
| 54.0% annual, Decl Bal |
| 1.00% upfront |
| 1.00% upfront |
| None |
| 12.0% upfront |
| 32.1% - 51.0% |
| 1.5% - 3.6% |
| 1.5% - 3.6% |
| 0 |
| 66.4% - 69.6% |
| 46 - 97 |
| 79 |
| Outstanding portfolio (USD) | USD 3,262,772.23 |
| Portfolio (USD) | USD 3,262,772.23 |
| Active Clients with Loans | 1,157 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 60% - 80% |
| 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 | |
| Group meetings | |
| Credit insurance | x |
| 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 | 9 |
| # Regions for this product | 9 |
| Regions Active | Beni , Chuquisaca , Cochabamba , La Paz , Oruro , Pando , Potosí, Santa Cruz, Tarija |
| Outstanding portfolio (MZN) | MZN 3,594,878.24 |
| Portfolio (USD) | USD 118,252.57 |
| Active Clients with Loans | 162 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 60% - 80% |
| 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 | 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 | x |
| Must be a salaried worker | x |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | 4 |
| # Regions for this product | 4 |
| Regions Active | Maputo Capital, Maputo Province, Gaza, Cabo Delgado |
| Currency | USD |
| Minimum loan size | USD 50 |
| Maximum loan size | 10,000 |
| Loans less than USD 1,500 | 10% |
| USD 1,500-5,000 | 40% |
| USD 5,000-10,000 | 50% |
| USD 10,000-15,000 | 0 |
| USD 15,000-18,000 | 0 |
| Greater than USD 18,000 | 0 |
| Shortest loan term | 3.0 months |
| Longest loan term | 36.0 months |
| Approx average | 34.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 5% |
| Between 13 and 18 months | 5% |
| Longer than 18 months | 90% |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | x |
| Quarterly | x |
| Every 6 months | x |
| Every 12 months | x |
| Single end payment | |
| Irregular payments |
| Currency | MZN |
| Minimum loan size | MZN 10,000 |
| Maximum loan size | 100,000 |
| Shortest loan term | 6.0 months |
| Longest loan term | 12.0 months |
| Approx average | 8.0 months |
| 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 | 18.00% |
| Highest quoted nominal interest | 24.50% |
| Reason(s) why interest rate varies | Loan Size, Collateral, Plazo |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | 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? | No |
| Lowest quoted nominal interest | 4.50% |
| Highest quoted nominal interest | 4.50% |
| 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 | Cobertura de despesas administrativas |
| % of loan amount - min | 1.00% |
| % of loan amount - max | 1.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
| Ins 1 | |
|---|---|
| Description | Relativo a cobertura em caso de falecimento |
| % of loan amount - min | 1.00% |
| % of loan amount - max | 1.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | No |
| Do borrowers control deposit in their group? | Yes |
| % loan amount deposited | 12.00% |
| 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 | 0 |
| Maximum interest rate paid | 0 |
| Interest payment frequency | N/A |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | USD 2,000 | USD 7,400 | USD 5,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2013-03-11 | 2013-04-24 | 2014-04-07 | ||
| Loan Term (Months) | 12.0 months | 19.0 months | 12.0 months | ||
| Grace Period (Months) | 0.2 months | 0.6 months | 0.0 months | ||
| Total Cost of Credit | USD 262.26 | USD 1,220.53 | USD 688.10 | ||
| True Price by Comp | |||||
| Interest price component | 22.6% | 18.6% | 24.5% | ||
| Fee Component | 0.0% | 0.0% | 0.0% | ||
| 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) | 22.6% | 18.6% | 24.5% | ||
| Transparency Index | 80 | 97 | 73 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | MZN 15,000 | MZN 30,000 | MZN 40,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2013-05-22 | 2013-04-17 | 2013-05-03 | ||
| Loan Term (Months) | 7.0 months | 10.0 months | 10.0 months | ||
| Grace Period (Months) | 0.1 months | 0.0 months | 0.0 months | ||
| Total Cost of Credit | MZN 3,000 | MZN 8,025 | MZN 10,700 | ||
| True Price by Comp | |||||
| Interest price component | 50.1% | 49.6% | 49.3% | ||
| Fee Component | 3.2% | 2.3% | 2.3% | ||
| Insurance Component | 3.1% | 2.4% | 2.3% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 13.2% | 12.7% | 12.5% | ||
| Full APR (int fee ins tax dep) | 69.6% | 67.0% | 66.4% | ||
| Transparency Index | 78 | 81 | 81 | ||
| 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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