Please note that the information you are viewing is 88 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Hluvuku-Associacao de Desenvolvimeto Socio-Economio De Matutuine Rua Principal, Bela Vista Parcela 33Bela Vista, Maputo
Data approved: 2013-05-09
Data version: 2
Age of data: 88 months

Institution Details

Institution TypeNon-Governmental Organization
Is this institution regulated?No
Website addressN/A
Year established2001
Head of InstitutionBernardo Luis Tembe
Regions activeMaputo Capital, Maputo Province
# Branches7

Total Portfolio (nat'l)MZN 89,981,867.66
Total Portfolio (USD)USD 2,959,929.86
Active clients with loans5,382
Approximate % female clients60% - 80%
Approximate % urban clients0% - 20%
Network affiliationsAMOMIF, AFRACA
FundersFord Foundation, DNPDR/UNCDF, FARE, Oxfam/Novib

Loan Products » Summary

1,866 Borrowers
USD 887,978.96 Portfolio
Active Product
450 Borrowers
USD 443,989.48 Portfolio
Active Product
3,066 Borrowers
USD 1,627,961.42 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Comercio & Servicos MZN 1,500 - 350,000 4 - 18 60% - 80% 0% - 20% Business Women, Men Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training
Credito Agro-pecuaria/ Agro-negocios MZN 1,500 - 200,000 6 - 18 40% - 60% 0% - 20% Business, Agriculture Women, Men, Have business, Have home or land Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Other Training
Credito Habitacao e Bens de consumo MZN 1,500 - 600,000 6 - 18 40% - 60% 0% - 20% Business, Housing, Consumer, Education, Other Women, Men, Have business, Have home or land, Salaried worker Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Comercio & Servicos 55.2% annual, Decl Bal 1 Fee 1 Ins None N/A 50% - 53.6% 52.1% - 55.8% 100
Credito Agro-pecuaria/ Agro-negocios 34.8% annual, Decl Bal 1 Fee 1 Ins None N/A 30.5% - 35% 32.5% - 37% 100
Credito Habitacao e Bens de consumo 50.4% annual, Decl Bal 1 Fee 1 Ins None N/A 43.7% - 49.3% 45.9% - 51.5% 100
Institution Price Graph
Please note that the information you are viewing is 105 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Negros Women for Tomorrow Foundation, Inc. 102 San Sebastian, Verbena Sts.Bacolod City, Negros Occidental6100
Data approved: 2011-11-15
Data version: 1
Age of data: 105 months

Product

Individual Loan Product 3 of 5 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (PHP)PHP 9,300,000
Portfolio (USD)USD 222,488.04
Active Clients with Loans1,760
Approximate % Female Clients80% - 100%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Client can avail over P30,000 in this loan product. A graduation from the group lending.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurance
Workplace visits
Business training
Other training
Other
Other (2)
No other servicesx
Eligibility
Men
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 institutionN/A
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyPHP
Minimum loan sizePHP 30,000
Maximum loan size150,000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term24.0 months
Approx average12.0 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
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 interest2.50%
Highest quoted nominal interest2.50%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
Ongoing Fees
Fee 1Fee 2
DescriptionService ChargeDevelopment Cost
% of loan amount - min3.00%5.00%
% of loan amount - max3.00%5.00%
OR, Fixed amount - min00
Fixed amount - max00
Reason for variationamortized over the loan termamortized over the loan term
Appears on Repayment Sched?NoNo
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
Ins 1
DescriptionMAF
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min10
Fixed amount - max32
Reason for variationN/A
Appears on Repayment Sched?No
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited5.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount depositedPHP 1
Conditions on access to depositAccess During
Interest Paid on Deposit
Minimum interest rate paid4.00%
Maximum interest rate paid4.00%
Interest payment frequencyQuarterly
Taxes
Are taxes charged on this product?No
Additional Comments
The client who avails of this loan is not required to attend center meetings. Developmental Cost is for staff training and capacity building. Included in weekly savings deposit is P5 which goes to Pag-asa Fund (group fund). Weekly savings is P1/loan cycle.

Full Pricing Data

Individual Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountPHP 29,500PHP 60,000PHP 70,000PHP 100,000
Loan Cycle (1, 2, 3, etc)20202121
Disbursement Date2011-03-102011-06-242011-08-312011-02-25
Loan Term (Months)12.0 months6.0 months12.0 months9.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot Known
True Price by Comp       
Interest and Fee Component70.2%87.6%70.1%80.6%
Insurance Component6.3%4.8%3.8%1.9%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component9.0%9.2%7.2%8.1%
Full APR (int fee ins tax dep)85.5%101.6%81.2%90.6%
Transparency Index35303733
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
Individual Loan Price Graphs


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Key Statistics
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% Products with one or more insurances
% Products with compulsory deposits
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