Number borrowers | 280 |
Loan Amount (range) | PHP 2,000 - 6,000 |
Loan Term (range) | 6 |
Other Services (text summary) | Credit Ins |
Annual Interest & Method | 24.0% annual, Flat |
Fees | 200.00-0.00 upfront |
Insurance | 39.00 upfront |
Tax | 30.00 fixed |
Comp Dep | 100.00 upfront 3.00% ongoing |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 78.4% - 80.9% (Int+Fee) |
Insurance Component | 0.6% - 5.1% |
Tax Component Range | 0 - 5.2% |
Full APR (int fee ins tax dep) | 105.4% - 114.1% |
Transparency Index (min/max) | 21 - 55 |
Transparency Index (average) | 21 |
5,679 |
MZN 3,000 - 30,000 |
4 - 6 |
Credit Educ, Group Mtgs, Tech Asst Visits, Business Training |
52.0% annual, Flat |
None |
None |
None |
10.0%-20.0% upfront |
71.3% - 82.2% |
0 |
0 |
0 |
83.0% - 105.8% |
49 - 63 |
55 |
Outstanding portfolio (PHP) | PHP 967,000 |
Portfolio (USD) | USD 23,133.97 |
Active Clients with Loans | 280 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 60% - 80% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | x |
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 | x |
Must own a home or land | x |
Must be a salaried worker | |
Must be specific age group | x |
Other | |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Outstanding portfolio (MZN) | MZN 39,944,556.50 |
Portfolio (USD) | USD 1,181,791.61 |
Active Clients with Loans | 5,679 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 60% - 80% |
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 | |
Workplace visits | x |
Business training | x |
Other training | |
Other | |
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 | x |
Other | |
Other (2) |
# Regions for this institution | 6 |
# Regions for this product | 6 |
Regions Active | Maputo Capital, Maputo Province, Inhambane, Gaza, Manica, Tete |
Currency | PHP |
Minimum loan size | PHP 2,000 |
Maximum loan size | 6,000 |
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 | x |
Every 2 weeks | |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Currency | MZN |
Minimum loan size | MZN 3,000 |
Maximum loan size | 30,000 |
Loans less than MZN 5,000 | 30% |
MZN 5,000-10,000 | 30% |
MZN 10,000-20,000 | 30% |
MZN 20,000-40,000 | 10% |
MZN 40,000-60,000 | 0 |
Greater than MZN 60,000 | 0 |
Shortest loan term | 4.0 months |
Longest loan term | 6.0 months |
Approx average | 4.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 100% |
Between 7 and 9 months | 0 |
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 | 2.00% |
Highest quoted nominal interest | 2.00% |
Reason(s) why interest rate varies | HO Deposit |
Interest rate period | Monthly |
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 | 0 |
% of loan amount - max | 1.00% |
OR, Fixed amount - min | 200 |
Fixed amount - max | 0 |
Reason for variation | |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Insurance |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 39 |
Fixed amount - max | 39 |
Reason for variation | N/A |
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 | 0 |
or, Fixed-amount deposited | PHP 100 |
% loan amount deposited | 3.00% |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | Access During |
Minimum interest rate paid | 1.00% |
Maximum interest rate paid | 3.00% |
Interest payment frequency | Annually |
Are taxes charged on this product? | Yes |
Percentage of fees | 0 |
All or some fees taxed | N/A |
Lowest quoted nominal interest | 4.00% |
Highest quoted nominal interest | 4.00% |
Interest rate period | 4 Weeks |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Required for | Some |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | Yes |
Do borrowers control deposit in their group? | Yes |
% loan amount deposited | 10.00% - 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 |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | PHP 3,000 | PHP 3,000 | PHP 6,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2011-02-22 | 2011-02-22 | 2010-12-03 | ||
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 | Not Known | Not Known | Not Known | ||
True Price by Comp | |||||
Interest and Fee Component | 80.9% | 80.9% | 78.4% | ||
Insurance Component | 5.1% | 5.1% | 4.9% | ||
Tax Component | 5.2% | 5.2% | 5.0% | ||
Deposit Component | 22.9% | 22.9% | 17.1% | ||
Full APR (int fee ins tax dep) | 114.1% | 114.1% | 105.4% | ||
Transparency Index | 21 | 21 | 23 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
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 |
||||||||||
MZN 5,000 | Real | 2015-02-12 | 3.9 months | N/A | MZN 800 | 83.0% | 71.3% | 0.0% | 0.0% | 0.0% | 11.7% | 63 | ||
MZN 5,000 | Generated | 2015-03-01 | 3.7 months | N/A | MZN 736.44 | 85.3% | 72.7% | 0.0% | 0.0% | 0.0% | 12.6% | 61 | - | |
MZN 5,000 | Real | 2015-02-12 | 3.9 months | N/A | MZN 800 | 83.0% | 71.3% | 0.0% | 0.0% | 0.0% | 11.7% | 63 | ||
MZN 5,000 | Generated | 2015-03-01 | 3.7 months | N/A | MZN 736.44 | 85.3% | 72.7% | 0.0% | 0.0% | 0.0% | 12.6% | 61 | - | |
MZN 3,000 | Generated | 2015-03-01 | 5.5 months | N/A | MZN 718.03 | 96.6% | 82.2% | 0.0% | 0.0% | 0.0% | 14.4% | 54 | - | |
MZN 12,000 | Generated | 2015-03-01 | 5.5 months | N/A | MZN 2,872.11 | 105.8% | 82.2% | 0.0% | 0.0% | 0.0% | 23.6% | 49 | - | |
MZN 16,500 | Generated | 2015-03-01 | 5.5 months | N/A | MZN 3,949.15 | 105.8% | 82.2% | 0.0% | 0.0% | 0.0% | 23.6% | 49 | - | |
MZN 21,000 | Generated | 2015-03-01 | 5.5 months | N/A | MZN 5,026.19 | 105.8% | 82.2% | 0.0% | 0.0% | 0.0% | 23.6% | 49 | - | |
MZN 26,000 | Generated | 2015-03-01 | 5.5 months | N/A | MZN 6,222.90 | 105.8% | 82.2% | 0.0% | 0.0% | 0.0% | 23.6% | 49 | - | |
MZN 30,000 | Generated | 2015-03-01 | 3.7 months | N/A | MZN 4,786.85 | 100.4% | 78.5% | 0.0% | 0.0% | 0.0% | 21.9% | 52 | - |
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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Greater than: | ||||||
Less or equal to: | ||||||
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Max | ||||||
Std Dev | ||||||
By Inst Type | ||||||
By Country | ||||||
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