| Number borrowers | 1,185 |
| Loan Amount (range) | MZN 30 - 100,000 |
| Loan Term (range) | 8 - 12 |
| Other Services (text summary) | Credit Educ, Credit Ins |
| Annual Interest & Method | 36.0% annual, Decl Bal |
| Fees | 1.00% upfront |
| Insurance | 1.00% upfront |
| Tax | None |
| Comp Dep | 20.0% 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) | 42.9% - 45.3% |
| Transparency Index (min/max) | 46 - 97 |
| Transparency Index (average) | 82 |
| 21,944 |
| BOB 200 - 14,500 |
| 4 - 9 |
| Credit Educ, Group Mtgs, Credit Ins, Other Training, Educacion No Financiera (Agua, Saneamiento, Manejo de Residuos Solidos) |
| 30.0%-36.0% annual, Decl Bal |
| 0.50% upfront |
| 0.16%-0.36% ongoing |
| None |
| 10.0% upfront 10.00% ongoing |
| 19.8% - 36.7% |
| 0 - 1.5% |
| 0 - 0.5% |
| 0 |
| 55.2% - 56.9% |
| 52 - 94 |
| 53 |
| Outstanding portfolio (MZN) | MZN 3,075,757.82 |
| Portfolio (USD) | USD 101,176.24 |
| Active Clients with Loans | 1,185 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | x |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| 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 | x |
| Must be a salaried worker | |
| 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 (BOB) | BOB 72,424,406 |
| Portfolio (USD) | USD 10,729,541.63 |
| Active Clients with Loans | 21,944 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 40% - 60% |
| Individual | |
| Solidarity group | |
| Village banking | x |
| 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 | x |
| Credit insurance | x |
| Workplace visits | |
| Business training | |
| Other training | x |
| Other | Educacion No Financiera (Agua, Saneamiento, Manejo de Residuos Solidos) |
| 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 | 6 |
| # Regions for this product | 6 |
| Regions Active | Chuquisaca , Cochabamba , Oruro , Potosí, Santa Cruz, Tarija |
| Currency | MZN |
| Minimum loan size | MZN 30 |
| Maximum loan size | 100,000 |
| Shortest loan term | 8.0 months |
| Longest loan term | 12.0 months |
| Approx average | 9.0 months |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | x |
| Irregular payments |
| Currency | BOB |
| Minimum loan size | BOB 200 |
| Maximum loan size | 14,500 |
| Loans less than BOB 10,000 | 90% |
| BOB 10,000-40,000 | 10% |
| BOB 40,000-70,000 | 0 |
| BOB 70,000-100,000 | 0 |
| BOB 100,000-125,000 | 0 |
| Greater than BOB 125,000 | 0 |
| Shortest loan term | 4.0 months |
| Longest loan term | 9.0 months |
| Approx average | 7.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 10% |
| Between 7 and 9 months | 90% |
| Between 10 and 12 months | 0 |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | |
| Every 2 weeks | |
| Every 4 weeks | x |
| Monthly | |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 3.00% |
| Highest quoted nominal interest | 3.00% |
| 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 | 20.00% |
| 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 |
| Lowest quoted nominal interest | 30.00% |
| Highest quoted nominal interest | 36.00% |
| Reason(s) why interest rate varies | Time as Client, Loan Purpose |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Reposicion de Formularios |
| % of loan amount - min | 0.50% |
| % of loan amount - max | 0.50% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
| Ins 1 | |
|---|---|
| Description | El Cliente Seguro de Vida |
| % of loan amount - min | 0.16% |
| % of loan amount - max | 0.36% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | La comisión es 0.04% mensual cargado sólo al saldo del préstamo pendiente. |
| Appears on Repayment Sched? | Yes |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | Yes |
| Do borrowers control deposit in their group? | Yes |
| % loan amount deposited | 10.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 10.00% |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | Final Pmt |
| Minimum interest rate paid | 0 |
| Maximum interest rate paid | 0 |
| Interest payment frequency | N/A |
| Are taxes charged on this product? | No |
| Sample 3 | Sample 4 | Sample 5 | |||
|---|---|---|---|---|---|
| Loan Amount | MZN 15,000 | MZN 30,000 | MZN 45,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2013-01-23 | 2013-01-14 | 2013-05-29 | ||
| Loan Term (Months) | 8.0 months | 8.0 months | 6.0 months | ||
| Grace Period (Months) | 2.1 months | 2.2 months | 0.1 months | ||
| Total Cost of Credit | MZN 3,900 | MZN 7,800 | MZN 9,000 | ||
| True Price by Comp | |||||
| Interest price component | 32.3% | 32.1% | 32.8% | ||
| Fee Component | 1.5% | 1.5% | 2.0% | ||
| Insurance Component | 1.6% | 1.5% | 2.1% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 7.8% | 7.8% | 8.4% | ||
| Full APR (int fee ins tax dep) | 43.2% | 42.9% | 45.3% | ||
| Transparency Index | 83 | 84 | 79 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | BOB 500 | BOB 3,000 | BOB 5,000 | BOB 7,500 | BOB 10,000 | ||||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
| Disbursement Date | 2013-11-29 | 2013-11-29 | 2013-11-30 | 2013-11-25 | 2013-11-25 | ||||
| Loan Term (Months) | 7.0 months | 7.0 months | 7.0 months | 9.0 months | 9.0 months | ||||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | ||||
| Total Cost of Credit | BOB 67.49 | BOB 406.77 | BOB 677.67 | BOB 1,280.53 | BOB 1,708.39 | ||||
| True Price by Comp | |||||||||
| Interest price component | 35.7% | 35.7% | 36.0% | 36.7% | 36.7% | ||||
| Fee Component | 1.5% | 1.5% | 1.5% | 1.3% | 1.3% | ||||
| Insurance Component | 0.5% | 0.5% | 0.5% | 0.4% | 0.4% | ||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Deposit Component | 18.0% | 17.5% | 17.8% | 18.5% | 18.4% | ||||
| Full APR (int fee ins tax dep) | 55.7% | 55.2% | 55.8% | 56.9% | 56.8% | ||||
| Transparency Index | 54 | 54 | 54 | 53 | 53 | ||||
| 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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