| Outstanding portfolio (GHS) | GHS 565,000 |
| Portfolio (USD) | USD 286,802.03 |
| Active Clients with Loans | 2,250 |
| Approximate % Female Clients | 100% |
| Approximate % Urban Clients | 20% - 40% |
| Individual | |
| Solidarity group | x |
| 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 | x |
| Group meetings | |
| Credit insurance | |
| Workplace visits | x |
| Business training | x |
| Other training | |
| Other | |
| Other (2) | |
| No other services |
| Men | |
| 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 | 2 |
| # Regions for this product | 2 |
| Regions Active | Greater Accra Region, Northern Region |
| Currency | GHS |
| Minimum loan size | GHS 300 |
| Maximum loan size | GHS 800 |
| Loans less than GHS 1,000 | 100% |
| GHS 1,000-5,000 | 0 |
| GHS 5,000-7,500 | 0 |
| GHS 7,500-10,000 | 0 |
| GHS 10,000-13,000 | 0 |
| Greater than GHS 13,000 | 0 |
| Shortest loan term | 4.0 months |
| Longest loan term | 5.0 months |
| Approx average | DK |
| 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 | 100% |
| Average grace period | DK |
| 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 |
| Lowest quoted nominal interest | 3.50% |
| Highest quoted nominal interest | 5.00% |
| Reason(s) why interest rate varies | Branch, Time as Client, Loan Size, Client Risk, Collateral, Loan Purpose |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | Fee 2 | ||
|---|---|---|---|
| Description | Processing Fee | Commitment Fee | |
| % of loan amount - min | 2.00% | 1.00% | |
| % of loan amount - max | 4.00% | 1.00% | |
| OR, Fixed amount - min | 0 | 0 | |
| Fixed amount - max | 0 | 0 | |
| Reason for variation | 1st cycle loans are 3.5-4%, multiple-cycle loans are 2%. | N/A | |
| Appears on Repayment Sched? | No | No |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | No |
| Do borrowers control deposit in their group? | Yes |
| % loan amount deposited | 10.00% - 15.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 1.00% |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | When Leaving |
| Minimum interest rate paid | 2.00% |
| Maximum interest rate paid | 8.00% |
| Interest payment frequency | Annually |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | GHS 300 | GHS 500 | GHS 1,000 | ||
| Loan Cycle (1, 2, 3, etc) | 1 | 1 | 1 | ||
| Disbursement Date | 2012-12-10 | 2012-12-10 | 2013-02-05 | ||
| Loan Term (Months) | 4.0 months | 4.0 months | 5.1 months | ||
| Grace Period (Months) | 0.2 months | 0.2 months | 0.5 months | ||
| Total Cost of Credit | GHS 67.58 | GHS 112.58 | GHS 300 | ||
| True Price by Comp | |||||
| Interest price component | 92.9% | 92.9% | 95.5% | ||
| Fee Component | 26.6% | 26.5% | 22.7% | ||
| Insurance Component | 0.0% | 0.0% | 0.0% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 24.2% | 24.3% | 36.2% | ||
| Full APR (int fee ins tax dep) | 143.7% | 143.7% | 154.4% | ||
| Transparency Index | 29 | 29 | 27 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Institution Type | Non-Governmental Organization |
| Is this institution regulated? | Yes |
| Website address | N/A |
| Year established | 1998 |
| Head of Institution | Enoque Raimundo Changamo |
| Regions active | Maputo Capital, Maputo Province, Gaza, Cabo Delgado |
| # Branches | 12 |
| Total Portfolio (nat'l) | MZN 91,065,272.39 |
| Total Portfolio (USD) | USD 2,995,568.17 |
| Active clients with loans | 12,816 |
| Approximate % female clients | 40% - 60% |
| Approximate % urban clients | 40% - 60% |
| Network affiliations | AMOMIF, MAIN |
| Funders | Agencia Francesa de Desenvolvimento AFD, Uniao Europeia, FARE, ADIPSA |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Credito Individual CCOM | MZN 10,000 - 100,000 | 6 - 12 | 40% - 60% | 60% - 80% | Business | Women, Men, Have business, Have home or land, Salaried worker | Credit Educ, Group Mtgs, Tech Asst Visits, Business Training, Other Training | |||||||
| Credito Individual | MZN 10,000 - 100,000 | 6 - 12 | 40% - 60% | 60% - 80% | Business | Women, Men, Have business, Have home or land, Salaried worker | Credit Educ, Tech Asst Visits, Business Training, Other Training | |||||||
| Credito Individual Sem Avalista | MZN 10,000 - 100,000 | 4 - 12 | 60% - 80% | 60% - 80% | Business | Women, Men, Have business | Credit Educ, Group Mtgs, Tech Asst Visits, Business Training | |||||||
| Grupo Solidario Pequeno Grupo Micronegocios | MZN 4,000 - 50,000 | 6 - 12 | 40% - 60% | 60% - 80% | Any Purpose | Women, Men, Have business, Have home or land | ||||||||
| Grupo Solidario Pequeno Grupo Comercio | MZN 10,000 - 45,000 | 6 | 40% - 60% | 80% - 100% | Any Purpose | Women, Men, Have business, Have home or land, Salaried worker | ||||||||
| GSGF Credito a Agricultura | MZN 30 - 100,000 | 8 - 12 | 40% - 60% | 0% - 20% | Agriculture | Women, Men, Have business, Have home or land | Credit Educ, Credit Ins |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Credito Individual CCOM | 54.0% annual, Decl Bal | 1 Fee | 1 Ins | None | 30.0% upfront | 51% - 54.6% | 96.8% - 108% | 53 | ||||||||
| Credito Individual | 54.0% annual, Decl Bal | 1 Fee | 1 Ins | None | 12.0% upfront | 51.6% - 53.3% | 66.4% - 69.6% | 79 | ||||||||
| Credito Individual Sem Avalista | 54.0% annual, Decl Bal | 1 Fee | 1 Ins | None | None | 53% - 54% | 55.8% - 57.5% | 95 | ||||||||
| Grupo Solidario Pequeno Grupo Micronegocios | 54.0% annual, Decl Bal | 1 Fee | 1 Ins | None | 33.3% upfront | 53.9% - 54.5% | 116.5% - 118.1% | 45 | ||||||||
| Grupo Solidario Pequeno Grupo Comercio | 54.0% annual, Decl Bal | 1 Fee | 1 Ins | None | 33.3% upfront | 54% - 54.4% | 116.9% - 117.8% | 46 | ||||||||
| GSGF Credito a Agricultura | 36.0% annual, Decl Bal | 1 Fee | 1 Ins | None | 20.0% upfront | 33.6% - 34.8% | 42.9% - 45.3% | 82 |
| Key Statistics | |
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| 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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