2. FDM
Please note that the information you are viewing is 135 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. Rich Step
Please note that the information you are viewing is 133 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Fundo de Desenvolvimento da Mulher Estrada Nacional Numero 1 Fidel CastroXai-Xai, Gaza
Data approved: 2013-05-22
Data version: 2
Age of data: 135 months
Choose version

Institution

Rich Step Investment Head OfficeTemaKpone, Greater AccraP.O. Box SC116
Data approved: 2013-03-14
Data version: 2
Age of data: 133 months
Choose version

Product

Credito Agricultura Product 1 of 4 « Prev | Next »

Product

Petty Traders Loan Product 1 of 1 « Prev | Next »

Product Summary

Number borrowers1,645
Loan Amount (range)MZN 640 - 100,000
Loan Term (range)2 - 6
Other Services (text summary)Group Mtgs, Tech Asst Visits
Annual Interest & Method36.0% annual, Flat
Fees25.00 upfront
Insurance1.00% upfront
TaxNone
Comp Dep10.00% ongoing
Range of pricing 
Interest Price Component34.2% - 86.2%
Fee Component0.2% - 8.0%
Insurance Component4.0% - 8.2%
Tax Component Range0
Full APR (int fee ins tax dep)39.4% - 42.8%
Transparency Index (min/max)56 - 91
Transparency Index (average)87

Product Summary

150
GHS 50 - 1,000
1 - 5
Group Mtgs, Credit Ins, Other Training
60.00%-120.00% annual, Flat
2 fees
None
None
25.00% upfront
 
121.8% - 212.2%
17.8% - 41.3%
0
0
259.4% - 420.1%
14 - 23
16

Product Details

Key Statistics
Outstanding portfolio (MZN)MZN 7,521,548
Portfolio (USD)USD 247,419.34
Active Clients with Loans1,645
Approximate % Female Clients80% - 100%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity groupx
Village banking
Self help group
Other
Description
Credito concedido para fins agricolas
Loan Purpose
Any purpose
Income generation
Mortgage/housing
Consumer loan
Agriculturex
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetingsx
Credit insurance
Workplace visitsx
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
OtherTem de ser agricultor/avicultor desde min 6 meses
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution4
# Regions for this product3
Regions ActiveMaputo Province, Inhambane, Gaza

Product Details

Key Statistics
Outstanding portfolio (GHS)GHS 200,000
Portfolio (USD)USD 101,522.84
Active Clients with Loans150
Approximate % Female Clients40% - 60%
Approximate % Urban Clients80% - 100%
Methodology
Individualx
Solidarity groupx
Village banking
Self help group
Other
Description
Designed for petty traders to increase capital.
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 insurancex
Workplace visits
Business training
Other trainingx
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or landx
Must be a salaried worker
Must be specific age groupx
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution1
# Regions for this product1
Regions ActiveGreater Accra Region

Loan Conditions

Loan Amount
CurrencyMZN
Minimum loan sizeMZN 640
Maximum loan size100,000
Distribution at Disbursement (Est.)
Loans less than MZN 5,00010%
MZN 5,000-10,00050%
MZN 10,000-20,00020%
MZN 20,000-40,00020%
MZN 40,000-60,0000
Greater than MZN 60,0000
Loan Term and Grace Period
Shortest loan term2.0 months
Longest loan term6.0 months
Approx average3.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less50%
Between 4 and 6 months50%
Between 7 and 9 months0
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage100%
Average grace period1.0 month
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterlyx
Every 6 months
Every 12 months
Single end paymentx
Irregular payments

Loan Conditions

Loan Amount
CurrencyGHS
Minimum loan sizeGHS 50
Maximum loan size1,000
Distribution at Disbursement (Est.)
Loans less than GHS 1,000100%
GHS 1,000-5,0000
GHS 5,000-7,5000
GHS 7,500-10,0000
GHS 10,000-13,0000
Greater than GHS 13,0000
Loan Term and Grace Period
Shortest loan term1.0 month
Longest loan term5.0 months
Approx average5.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less50%
Between 4 and 6 months50%
Between 7 and 9 months0
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage100%
Average grace period0.3 months
Repayment Frequency
Dailyx
Weeklyx
Every 2 weeks
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest3.00%
Highest quoted nominal interest3.00%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionTaxa Administrativa
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min25
Fixed amount - max25
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionSeguro do Credito para caso de morte
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?Yes
Do borrowers control deposit in their group?Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited0
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited10.00%
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?No

Pricing Information

Interest
Lowest quoted nominal interest5.00%
Highest quoted nominal interest10.00%
Reason(s) why interest rate variesClient Risk, First-cycle loans are charged 10%, multiple-cycle loans are charged 5%, due to differing risk of default.
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionProcessing FeeForm Fee
% of loan amount - min2.00%0
% of loan amount - max2.00%0
OR, Fixed amount - min03
Fixed amount - max03
Reason for variationN/AN/A
Appears on Repayment Sched?NoYes
Ongoing Fees
This product has no ongoing fees
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?No
Deposit BEFORE or AT Disbursement
% loan amount deposited25.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositFinal Pmt
Interest Paid on Deposit
Minimum interest rate paid0
Maximum interest rate paid0
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Full Pricing Data

Credito Agricultura samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountMZN 3,000MZN 4,600MZN 8,200MZN 12,920
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2013-05-102013-05-102013-04-102013-04-20
Loan Term (Months)3.1 months3.1 months2.0 months3.0 months
Grace Period (Months)0.1 months0.1 months0.0 months0.0 months
Total Cost of CreditMZN 325MZN 485MZN 599MZN 1,317
True Price by Comp       
Interest price component34.2%34.2%34.9%34.6%
Fee Component3.3%2.2%1.8%0.8%
Insurance Component4.1%4.0%6.1%4.0%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)41.6%40.4%42.8%39.4%
Transparency Index87898491
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF

Full Pricing Data

Petty Traders Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountGHS 200GHS 400GHS 500GHS 1,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2012-05-032012-06-192012-04-232012-08-22
Loan Term (Months)2.2 months3.2 months4.1 months2.2 months
Grace Period (Months)0.1 months0.1 months0.0 months0.1 months
Total Cost of CreditGHS 47GHS 131GHS 213GHS 143
True Price by Comp       
Interest price component204.1%210.7%212.2%121.8%
Fee Component41.3%23.5%17.8%25.5%
Insurance Component0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component174.7%157.6%136.3%112.1%
Full APR (int fee ins tax dep)420.1%391.8%366.3%259.4%
Transparency Index14151623
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
Credito Agricultura Price Graphs


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Petty Traders 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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X Axis
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Total Borrowers of Samples

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