| Number borrowers | 1,564 |
| Loan Amount (range) | MZN 10,000 - 45,000 |
| Loan Term (range) | 6 |
| Other Services (text summary) | |
| Annual Interest & Method | 54.0% annual, Decl Bal |
| Fees | 1.00% upfront |
| Insurance | 1.00% upfront |
| Tax | None |
| Comp Dep | 33.3% upfront |
| Range of pricing | |
| Interest Price Component | 32.1% - 51.0% |
| Fee Component | 1.5% - 3.6% |
| Insurance Component | 1.5% - 3.6% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 116.9% - 117.8% |
| Transparency Index (min/max) | 46 - 97 |
| Transparency Index (average) | 46 |
| 8,465 |
| ETB 10,000 - 100,000 |
| 12 - 24 |
| Credit Ins |
| 15.0%-18.0% annual, Flat |
| 2.00% upfront |
| upfront |
| None |
| 6.0% upfront 20.00 ongoing |
| N/A |
| 28.7% - 35.6% (Int+Fee) |
| 1.1% - 4.1% |
| 0 |
| 34.5% - 44.2% |
| 25 - 55 |
| 41 |
| Outstanding portfolio (MZN) | MZN 25,106,606.07 |
| Portfolio (USD) | USD 825,875.20 |
| Active Clients with Loans | 1,564 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 80% - 100% |
| Individual | |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | x |
| Income generation | |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | |
| Group meetings | |
| Credit insurance | |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services | x |
| 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 |
| Outstanding portfolio (ETB) | ETB 555,000 |
| Portfolio (USD) | USD 30,163.04 |
| Active Clients with Loans | 8,465 |
| Approximate % Female Clients | 0% - 20% |
| Approximate % Urban Clients | 80% - 100% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | |
| Mortgage/housing | x |
| 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 | |
| Must own a home or land | x |
| 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 |
| Currency | MZN |
| Minimum loan size | MZN 10,000 |
| Maximum loan size | 45,000 |
| Shortest loan term | 6.0 months |
| Longest loan term | 6.0 months |
| Approx average | 6.0 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 |
| Currency | ETB |
| Minimum loan size | ETB 10,000 |
| Maximum loan size | 100,000 |
| Shortest loan term | 12.0 months |
| Longest loan term | 24.0 months |
| Approx average | 24.0 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 | 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? | Yes |
| 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 | 33.33% |
| 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 |
| Lowest quoted nominal interest | 15.00% |
| Highest quoted nominal interest | 18.00% |
| Reason(s) why interest rate varies | 18% for loans that are 12 months, 15% for loans that are 24 months |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Service Charge |
| % of loan amount - min | 2.00% |
| % of loan amount - max | 2.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | |
| Appears on Repayment Sched? | No |
| Ins 1 | |
|---|---|
| Description | Loan Insurance |
| % of loan amount - min | 0 |
| % of loan amount - max | 2.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | The MFI provides insurance for loans <30,000 ETB. Loans >30,000 birr are insured by external provider |
| Appears on Repayment Sched? | No |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | Yes |
| Do borrowers control deposit in their group? |
| % loan amount deposited | 6.00% - N/A |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | ETB 20 - N/A |
| Conditions on access to deposit | End Term |
| Minimum interest rate paid | 5.00% |
| Maximum interest rate paid | 5.00% |
| Interest payment frequency | Annually |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | MZN 15,000 | MZN 30,000 | MZN 42,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2013-04-17 | 2013-05-28 | 2013-05-24 | ||
| Loan Term (Months) | 6.0 months | 6.0 months | 6.0 months | ||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
| Total Cost of Credit | MZN 2,662 | MZN 5,325 | MZN 7,455 | ||
| True Price by Comp | |||||
| Interest price component | 50.8% | 50.5% | 50.4% | ||
| Fee Component | 3.6% | 3.5% | 3.6% | ||
| Insurance Component | 3.6% | 3.6% | 3.5% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 59.8% | 59.3% | 59.6% | ||
| Full APR (int fee ins tax dep) | 117.8% | 116.9% | 117.1% | ||
| Transparency Index | 46 | 46 | 46 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | ETB 12,000 | ETB 12,000 | ETB 16,000 | ETB 20,000 | |||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
| Disbursement Date | 2011-08-11 | 2011-08-10 | 2011-08-10 | 2011-08-05 | |||
| Loan Term (Months) | 24.0 months | 24.0 months | 24.0 months | 12.0 months | |||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||
| Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | |||
| True Price by Comp | |||||||
| Interest and Fee Component | 28.7% | 28.7% | 28.7% | 35.6% | |||
| Insurance Component | 2.2% | 2.2% | 2.2% | 4.1% | |||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Deposit Component | 3.7% | 3.7% | 3.5% | 4.4% | |||
| Full APR (int fee ins tax dep) | 34.6% | 34.6% | 34.5% | 44.2% | |||
| Transparency Index | 43 | 43 | 44 | 34 | |||
| 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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