2. BOM
Please note that the information you are viewing is 120 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. DemirBank
Please note that the information you are viewing is 115 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Banco Oportunidade de Mozambique Av. 24 de Julho, 4136, Bairro MalangaMaputo
Data approved: 2013-05-10
Data version: 2
Age of data: 120 months
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Institution

DemirBank 31 Garabagh str., Baku.,AZ 1008Baku, BakuAZ1008
Data approved: 2014-09-18
Data version: 1
Age of data: 115 months

Product

Credito Solidario Product 3 of 3 « Prev | Next »

Product

Employee loan Product 2 of 2 « Prev | Next »

Product Summary

Number borrowers2,201
Loan Amount (range)MZN 1,000 - 12,180
Loan Term (range)3 - 8
Other Services (text summary)Group Mtgs
Annual Interest & Method72.0% annual, Flat
Fees1.72% ongoing
InsuranceNone
TaxN/A fixed
Comp Dep10.0% upfront
Range of pricing 
Interest Price Component32.8% - 71.4%
Fee Component1.9% - 5.0%
Insurance Component0 - 3.8%
Tax Component Range0 - 1.3%
Full APR (int fee ins tax dep)83.2% - 91.6%
Transparency Index (min/max)65 - 92
Transparency Index (average)83

Product Summary

4,298
AZN 300 - 6,000
3 - 36
Credit Ins
28.0%-34.0% annual, Decl Bal
1.00% upfront 10.00-60.00 upfront
10.00-120.00 upfront
None
N/A
 
27.7% - 32.6%
1.3% - 9.3%
1.5% - 11.7%
0
34.8% - 42.7%
60 - 85
75

Product Details

Key Statistics
Outstanding portfolio (MZN)MZN 1,071,377
Portfolio (USD)USD 35,242.66
Active Clients with Loans2,201
Approximate % Female Clients0
Approximate % Urban Clients60% - 80%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Credito para pessoas de baixa renda que individualmente n?·o poderiam ter acesso ao credito por terem neg?cios extremamente pequenos e por n?·o estarem em condi???es de oferecer garantias exigidas em creditos individuais.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetingsx
Credit insurance
Workplace visits
Business training
Other training
Other
Other (2)
No other servicesx
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 institution7
# Regions for this product6
Regions ActiveGaza, Sofala, Manica, Zambezia, Nampula, Tete

Product Details

Key Statistics
Outstanding portfolio (AZN)AZN 718,677
Portfolio (USD)USD 921,380.77
Active Clients with Loans4,298
Approximate % Female Clients20% - 40%
Approximate % Urban Clients40% - 60%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Loan is issued to the employees of all kind of education and health sectors. It is provided up to 18 times of salary of the client.
Loan Purpose
Any purposex
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other servicesx
Eligibility
Menx
Womenx
Must run a business
Must own a home or land
Must be a salaried workerx
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution7
# Regions for this product8
Regions ActiveAbsheron, Ganja-Qazakh, Shaki-Zaqatala, Lankaran-Astara, Quba-Khachmaz, Orta Kur, Daglig-ShirvanKur

Loan Conditions

Loan Amount
CurrencyMZN
Minimum loan sizeMZN 1,000
Maximum loan size12,180
Distribution at Disbursement (Est.)
Loans less than MZN 5,00040%
MZN 5,000-10,00020%
MZN 10,000-20,00040%
MZN 20,000-40,0000
MZN 40,000-60,0000
Greater than MZN 60,0000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term8.0 months
Approx average8.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less10%
Between 4 and 6 months50%
Between 7 and 9 months40%
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 weeksx
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyAZN
Minimum loan sizeAZN 300
Maximum loan size6,000
Distribution at Disbursement (Est.)
Loans less than AZN 1,00015%
AZN 1,000-5,00070%
AZN 5,000-8,00015%
AZN 8,000-11,0000
AZN 11,000-14,0000
Greater than AZN 14,0000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term36.0 months
Approx average24.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months10%
Between 10 and 12 months20%
Between 13 and 18 months30%
Longer than 18 months40%
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 payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest6.00%
Highest quoted nominal interest6.00%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
Ongoing Fees
Fee 1
DescriptionTaxa Administrativa
% of loan amount - min1.72%
% of loan amount - max1.72%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Upfront Insurance Fees
This product has no upfront insurance fees
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?Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited10.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid0
Maximum interest rate paid0
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?Yes
Percentage of fees0
All or some fees taxedN/A

Pricing Information

Interest
Lowest quoted nominal interest28.00%
Highest quoted nominal interest34.00%
Reason(s) why interest rate variesTime as Client, Loan Size
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionComission FeeDocument charge
% of loan amount - min1.00%0
% of loan amount - max1.00%0
OR, Fixed amount - min010
Fixed amount - max060
Reason for variationN/AN/A
Appears on Repayment Sched?YesNo
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionAccident Insurance
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min10
Fixed amount - max120
Reason for variationIt is determined according to the loan amount.
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Full Pricing Data

Credito Solidario samples
Sample 1Sample 2Sample 3
Loan AmountMZN 6,000MZN 7,000MZN 9,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2014-05-152014-05-152014-05-15
Loan Term (Months)6.0 months6.0 months8.0 months
Grace Period (Months)0.0 months0.0 months0.0 months
Total Cost of CreditMZN 1,480.10MZN 1,618.40MZN 2,633.40
True Price by Comp     
Interest price component71.4%66.5%65.6%
Fee Component5.0%5.0%3.8%
Insurance Component0.0%0.0%0.0%
Tax Component1.3%1.3%1.3%
Deposit Component13.9%12.8%12.5%
Full APR (int fee ins tax dep)91.6%85.6%83.2%
Transparency Index798487
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF

Full Pricing Data

Employee loan samples
Loan Amount
Type of Sample
Disbursement Date
Loan Term (Months)
Grace Period (Months)
Total Cost of Credit
Full APR (int fee ins tax dep)
True Price by Component
Transparency Index
Original Repayment Schedule
MFT Pricing Calculation
Interest price component
Fee Component
Insurance Component
Tax Component
Deposit Component
AZN 2,040 Generated 2014-11-01 9.0 months N/A AZN 354.14 42.7% 29.6% 6.5% 6.6% 0.0% 0.0% 66 - PDF
AZN 3,000 Generated 2014-11-01 12.0 months N/A AZN 622.16 39.0% 30.6% 4.1% 4.3% 0.0% 0.0% 72 - PDF
AZN 3,800 Generated 2014-11-01 18.0 months N/A AZN 1,069.10 36.0% 30.6% 3.0% 2.4% 0.0% 0.0% 78 - PDF
AZN 4,900 Generated 2014-11-01 18.0 months N/A AZN 1,379.63 36.1% 30.6% 3.0% 2.5% 0.0% 0.0% 78 - PDF
AZN 5,200 Generated 2014-11-01 18.0 months N/A AZN 1,456.14 35.8% 30.6% 2.9% 2.3% 0.0% 0.0% 78 - PDF
AZN 6,000 Generated 2014-11-01 24.0 months N/A AZN 2,146.23 34.8% 30.6% 2.4% 1.8% 0.0% 0.0% 81 - PDF
Credito Solidario Price Graphs


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Employee loan Price Graphs


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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
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