Please note that the information you are viewing is 107 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
Please note that the information you are viewing is 70 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Micro Bankers Trust Head OfficeLusaka
Data approved: 2011-12-12
Data version: 1
Age of data: 107 months

Institution

Banco Oportunidade de Mozambique Av. 24 de Julho, 4136, Bairro MalangaMaputo
Data approved: 2013-05-10
Data version: 2
Age of data: 70 months

Product

Dairy Loan Product 1 of 5 « Prev | Next »

Product

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Product Summary

Number borrowers45
Loan Amount (range)ZMK 500,000 - 25,000,000
Loan Term (range)6 - 24
Other Services (text summary)Credit Educ, Group Mtgs, Credit Ins
Annual Interest & Method30.0% annual, Decl Bal
Fees3.00% upfront 20,000.00 upfront
Insurance2.00% upfront
TaxNone
Comp DepN/A
Range of pricing 
Interest Price ComponentN/A
Fee Component59.0% - 59.8% (Int+Fee)
Insurance Component2.3% - 4.7%
Tax Component Range0
Full APR (int fee ins tax dep)63.5% - 64.4%
Transparency Index (min/max)0 - N/A
Transparency Index (average)47

Product Summary

11,423
MZN 5,000 - 103,093
4 - 12
Credit Ins
66.0% annual, Decl Bal
1.72% ongoing
1.28% ongoing
N/A fixed
N/A
 
32.8% - 71.4%
1.9% - 5.0%
0 - 3.8%
0 - 1.3%
71.8% - 76.2%
65 - 92
90

Product Details

Key Statistics
Outstanding portfolio (ZMK)ZMK 143,000,000
Portfolio (USD)USD 27,632.85
Active Clients with Loans45
Approximate % Female Clients0% - 20%
Approximate % Urban Clients20% - 40%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
This facility finanzes small-scale farmers involved in milk-production activities. It finances restocking of animals, medications, transportation, equipment. It has a maximum loan term of 24 months.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visits
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
OtherBe in a business or start one; belong to a dairy cooperative
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Product Details

Key Statistics
Outstanding portfolio (MZN)MZN 184,858,094
Portfolio (USD)USD 6,080,858.36
Active Clients with Loans11,423
Approximate % Female Clients40% - 60%
Approximate % Urban Clients80% - 100%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Credito de baixa renda pagavel num prazo maximo de um ano e com valor minimo de 5000.00 para pessoas com pequenos negocios que em condicoes normais nao podem aceder a creditos em bancos comerciais.
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 insurancex
Workplace visits
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
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution7
# Regions for this product7
Regions ActiveMaputo Capital, Gaza, Sofala, Manica, Zambezia, Nampula, Tete

Loan Conditions

Loan Amount
CurrencyZMK
Minimum loan sizeZMK 500,000
Maximum loan size25,000,000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term24.0 months
Approx average24.0 months
Grace Period
Grace period usage50%
Average grace period3.0 months
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyMZN
Minimum loan sizeMZN 5,000
Maximum loan size103,093
Distribution at Disbursement (Est.)
Loans less than MZN 5,00010%
MZN 5,000-10,0005%
MZN 10,000-20,00020%
MZN 20,000-40,00030%
MZN 40,000-60,00010%
Greater than MZN 60,00010%
Loan Term and Grace Period
Shortest loan term4.0 months
Longest loan term12.0 months
Approx average8.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months40%
Between 7 and 9 months30%
Between 10 and 12 months30%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest30.00%
Highest quoted nominal interest30.00%
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionProcessing feeApplication form
% of loan amount - min3.00%0
% of loan amount - max3.00%0
OR, Fixed amount - min020,000
Fixed amount - max020,000
Reason for variationN/AN/A
Appears on Repayment Sched?NoNo
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionCredit Life Assurance
% of loan amount - min2.00%
% of loan amount - max2.00%
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 forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Pricing Information

Interest
Lowest quoted nominal interest5.50%
Highest quoted nominal interest5.50%
Interest rate periodMonthly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
Ongoing Fees
Fee 1
DescriptionTaxa Administrativa
% of loan amount - min1.72%
% of loan amount - max1.72%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
Ins 1
DescriptionInsuranceO cliente paga o seguro do credito que inclui funeral
% of loan amount - min1.28%
% of loan amount - max1.28%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Compulsory Deposit
Required forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?Yes
Percentage of fees0
All or some fees taxedN/A

Full Pricing Data

Dairy Loan samples
Sample 1Sample 2Sample 3
Loan AmountZMK 3,000,000ZMK 6,000,000ZMK 7,000,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2011-02-282011-02-282011-02-28
Loan Term (Months)12.0 months12.0 months12.0 months
Grace Period (Months)0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot Known
True Price by Comp     
Interest and Fee Component59.8%59.1%59.0%
Insurance Component4.5%4.5%4.5%
Tax Component0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)64.4%63.6%63.5%
Transparency Index474747
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF

Full Pricing Data

Credito Individual samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountMZN 7,000MZN 13,000MZN 27,000MZN 39,000MZN 55,000MZN 65,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2013-03-012013-04-172013-04-022013-04-162013-04-222013-04-05
Loan Term (Months)6.0 months9.0 months12.0 months7.0 months12.0 months12.0 months
Grace Period (Months)0.0 months0.0 months-0.2 months0.0 months0.0 months0.0 months
Total Cost of CreditMZN 1,698.44MZN 4,413.06MZN 11,482.37MZN 10,577MZN 24,430.07MZN 28,854.82
True Price by Comp           
Interest price component66.1%66.1%66.1%66.1%67.4%67.0%
Fee Component5.0%3.3%2.5%4.3%2.4%2.4%
Insurance Component3.8%2.5%1.9%3.3%1.9%1.8%
Tax Component1.3%1.3%1.3%1.3%1.3%1.3%
Deposit Component0.0%0.0%0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)76.2%73.2%71.8%75.0%73.0%72.5%
Transparency Index879092889091
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF
Dairy Loan Price Graphs


Credito Individual 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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By Country

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