| Number borrowers | 18,275 |
| Loan Amount (range) | BOB 350 - 40,000 |
| Loan Term (range) | 3 - 36 |
| Other Services (text summary) | Credit Ins |
| Annual Interest & Method | 18.0%-30.0% annual, Decl Bal |
| Fees | 4.00% ongoing 8.00% ongoing |
| Insurance | None |
| Tax | None |
| Comp Dep | N/A |
| Range of pricing | |
| Interest Price Component | N/A |
| Fee Component | 0 (Int+Fee) |
| Insurance Component | 0 - 0.3% |
| Tax Component Range | 0 - 0.5% |
| Full APR (int fee ins tax dep) | 0 |
| Transparency Index (min/max) | 0 - N/A |
| Transparency Index (average) | N/A |
| 621 |
| MZN 3,000 - 350,000 |
| 2 - 18 |
| Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits |
| 60.0%-66.0% annual, Flat |
| 25.00 upfront |
| 1.00% upfront |
| None |
| 10.00% ongoing |
| 34.2% - 86.2% |
| 0.2% - 8.0% |
| 4.0% - 8.2% |
| 0 |
| 79.6% - 88.4% |
| 56 - 91 |
| 70 |
| Outstanding portfolio (BOB) | BOB 173,107,197 |
| Portfolio (USD) | USD 25,271,123.65 |
| Active Clients with Loans | 18,275 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 60% - 80% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| 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 | |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | Contar con un documento de identidad vigente |
| Other (2) | Tener residencia en territorio Nacional |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Outstanding portfolio (MZN) | MZN 4,091,456 |
| Portfolio (USD) | USD 134,587.37 |
| Active Clients with Loans | 621 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | x |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | x |
| Income generation | |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | x |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services |
| Men | x |
| Women | x |
| Must run a business | |
| Must own a home or land | |
| 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, Inhambane, Gaza |
| Currency | BOB |
| Minimum loan size | BOB 350 |
| Maximum loan size | 40,000 |
| Shortest loan term | 3.0 months |
| Longest loan term | 36.0 months |
| Approx average | 0 |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | x |
| Every 2 weeks | x |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | x |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Currency | MZN |
| Minimum loan size | MZN 3,000 |
| Maximum loan size | 350,000 |
| Loans less than MZN 5,000 | 20% |
| MZN 5,000-10,000 | 50% |
| MZN 10,000-20,000 | 20% |
| MZN 20,000-40,000 | 10% |
| MZN 40,000-60,000 | 0 |
| Greater than MZN 60,000 | 0 |
| Shortest loan term | 2.0 months |
| Longest loan term | 18.0 months |
| Approx average | 6.0 months |
| Loans 3 months or less | 20% |
| Between 4 and 6 months | 20% |
| Between 7 and 9 months | 20% |
| Between 10 and 12 months | 20% |
| Between 13 and 18 months | 20% |
| Longer than 18 months | 0 |
| Grace period usage | 100% |
| Average grace period | 1.0 month |
| Daily | |
| Weekly | |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 18.00% |
| Highest quoted nominal interest | 30.00% |
| Reason(s) why interest rate varies | Loan Size |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | Yes |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Seguro de Desgravamen |
| % of loan amount - min | 4.00% |
| % of loan amount - max | 4.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | Yes |
| Required for | Never |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | N/A |
| Do borrowers control deposit in their group? | N/A |
| % loan amount deposited | N/A |
| or, Fixed-amount deposited | N/A |
| % loan amount deposited | N/A |
| or, Fixed-amount deposited | N/A |
| Conditions on access to deposit | N/A |
| Minimum interest rate paid | N/A |
| Maximum interest rate paid | N/A |
| Interest payment frequency | N/A |
| Are taxes charged on this product? | No |
| Lowest quoted nominal interest | 5.00% |
| Highest quoted nominal interest | 5.50% |
| Reason(s) why interest rate varies | Loan Size |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Emolumentos |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 25 |
| Fixed amount - max | 25 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
| Ins 1 | |
|---|---|
| Description | Seguro do Credito para caso de morte |
| % 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? | Yes |
| Do borrowers control deposit in their group? | Yes |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 10.00% |
| 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 | Sample 4 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | BOB 3,000 | BOB 7,000 | BOB 13,500 | BOB 30,000 | |||
| Loan Cycle (1, 2, 3, etc) | Not Known | 1 | 1 | 1 | |||
| Disbursement Date | 2010-06-19 | 2010-06-19 | 2010-05-26 | 2010-06-08 | |||
| Loan Term (Months) | 12.0 months | 24.0 months | 36.0 months | 36.0 months | |||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||
| Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | |||
| True Price by Comp | |||||||
| Interest and Fee Component | 28.3% | 30.9% | 27.9% | 26.8% | |||
| Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Full APR (int fee ins tax dep) | 28.3% | 30.9% | 27.9% | 26.8% | |||
| Transparency Index | 64 | 58 | 65 | 67 | |||
| Original Repayment Schedule | |||||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 5 | |||
|---|---|---|---|---|---|
| Loan Amount | MZN 3,000 | MZN 8,000 | MZN 45,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2013-05-02 | 2013-04-22 | 2013-04-20 | ||
| Loan Term (Months) | 3.3 months | 4.7 months | 2.0 months | ||
| Grace Period (Months) | 0.3 months | 0.6 months | 0.0 months | ||
| Total Cost of Credit | MZN 505 | MZN 1,705 | MZN 4,975 | ||
| True Price by Comp | |||||
| Interest price component | 74.3% | 71.2% | 77.0% | ||
| Fee Component | 4.5% | 1.2% | 0.4% | ||
| Insurance Component | 5.5% | 4.0% | 8.2% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 3.4% | 3.2% | 2.8% | ||
| Full APR (int fee ins tax dep) | 87.7% | 79.6% | 88.4% | ||
| Transparency Index | 68 | 75 | 68 | ||
| 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 |
|---|---|---|---|---|---|---|---|
| X Axis | ||||||
|---|---|---|---|---|---|---|
| Greater than: | ||||||
| Less or equal to: | ||||||
| N (# of Samples) | ||||||
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| Avg | ||||||
| Min | ||||||
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| Std Dev | ||||||
| By Inst Type | ||||||
| By Country | ||||||
| X Axis | ||||||
|---|---|---|---|---|---|---|
| Greater than: | ||||||
| Less or equal to: | ||||||
| From 0 to | ||||||
| to | ||||||
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| to ∞ | ||||||
