2. FINCOOP
Please note that the information you are viewing is 137 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. Hluvuku-ADSEMA
Please note that the information you are viewing is 135 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Finance Savings and Credit Cooperative MUSCCO HouseLilongwePO Box 1292
Data approved: 2013-01-04
Data version: 2
Age of data: 137 months
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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: 135 months
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Product

Phindu (Group Business) Product 3 of 7 « Prev | Next »

Product

Comercio & Servicos Product 1 of 3 « Prev | Next »

Product Summary

Number borrowers800
Loan Amount (range)MWK 5,000 - 500,000
Loan Term (range)6 - 12
Other Services (text summary)Credit Educ, Group Mtgs, Credit Ins, Business Training
Annual Interest & Method45.00% annual, Flat
Fees3.00% upfront
Insurance2.00% upfront
TaxNone
Comp Dep33.33% upfront
Range of pricing 
Interest Price Component54.5% - 72.2%
Fee Component5.6% - 18.8%
Insurance Component3.9% - 12.9%
Tax Component Range0
Full APR (int fee ins tax dep)176.4% - 179.8%
Transparency Index (min/max)11 - 26
Transparency Index (average)25

Product Summary

1,866
MZN 1,500 - 350,000
4 - 18
Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training
55.2% annual, Decl Bal
50.00-900.00 upfront
1.50% upfront
None
N/A
 
30.1% - 53.3%
0.1% - 0.8%
2.0% - 2.2%
0
52.1% - 55.8%
94 - 110
100

Product Details

Key Statistics
Outstanding portfolio (MWK)MWK 13,606,531.95
Portfolio (USD)USD 34,888.54
Active Clients with Loans800
Approximate % Female Clients20% - 40%
Approximate % Urban Clients20% - 40%
Methodology
Individual
Solidarity group
Village bankingx
Self help group
Other
Description
This is a group business loan targeting small and medium entrepreneurs in both rural and urban areas.
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 trainingx
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 workerx
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution5
# Regions for this product5
Regions ActiveLilongwe, Mchinji, Salima, Mzimba, Blantyre

Product Details

Key Statistics
Outstanding portfolio (MZN)MZN 26,994,560.29
Portfolio (USD)USD 887,978.96
Active Clients with Loans1,866
Approximate % Female Clients60% - 80%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Para pequenos agricultores,pescadores,os clientes podem receber servicos complementares sobre a planificacao do negocio
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 visitsx
Business trainingx
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a business
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 institution2
# Regions for this product1
Regions ActiveMaputo Province

Loan Conditions

Loan Amount
CurrencyMWK
Minimum loan sizeMWK 5,000
Maximum loan size500,000
Distribution at Disbursement (Est.)
Loans less than MWK 50,00090%
MWK 50,000-150,00010%
MWK 150,000-250,0000
MWK 250,000-350,0000
MWK 350,000-450,0000
Greater than MWK 450,0000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term12.0 months
Approx average9.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months10%
Between 7 and 9 months10%
Between 10 and 12 months80%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace periodDK
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 1,500
Maximum loan size350,000
Distribution at Disbursement (Est.)
Loans less than MZN 5,0005%
MZN 5,000-10,0005%
MZN 10,000-20,00020%
MZN 20,000-40,00040%
MZN 40,000-60,00015%
Greater than MZN 60,00015%
Loan Term and Grace Period
Shortest loan term4.0 months
Longest loan term18.0 months
Approx average8.0 months
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 interest45.00%
Highest quoted nominal interest45.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min3.00%
% of loan amount - max3.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsurance Premium
% 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 forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?Yes
Do borrowers control deposit in their group?Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited33.33%
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositEnd Term
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 interest4.60%
Highest quoted nominal interest4.60%
Interest rate periodMonthly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionTaxa de Inscrição
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min50
Fixed amount - max900
Reason for variationos creditos maiores de 50.000,00 MZN pagam a taxa de inscricao de 0.15% em do emprestimo
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionSeguro para cubrir morte do cliente
% of loan amount - min1.50%
% of loan amount - max1.50%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
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

Full Pricing Data

Phindu (Group Business) samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountMWK 10,000MWK 25,000MWK 48,600MWK 89,100MWK 35,400MWK 34,800
Loan Cycle (1, 2, 3, etc)335555
Disbursement Date2013-01-072013-01-072012-10-232012-10-232012-10-232012-10-23
Loan Term (Months)6.0 months6.0 months6.0 months6.0 months6.0 months6.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditMWK 2,750MWK 6,875MWK 13,365MWK 24,503MWK 9,735MWK 9,570
True Price by Comp           
Interest price component72.2%72.2%71.2%71.2%71.2%71.2%
Fee Component11.2%11.2%11.1%11.1%11.1%11.1%
Insurance Component7.7%7.7%7.5%7.6%7.5%7.5%
Tax Component0.0%0.0%0.0%0.0%0.0%0.0%
Deposit Component88.7%88.7%86.6%86.5%86.6%86.6%
Full APR (int fee ins tax dep)179.8%179.8%176.4%176.4%176.4%176.4%
Transparency Index252526262626
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF

Full Pricing Data

Comercio & Servicos samples
Sample 3Sample 4Sample 5
Loan AmountMZN 11,000MZN 15,000MZN 30,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2013-03-142013-04-232013-04-02
Loan Term (Months)18.0 months18.0 months18.0 months
Grace Period (Months)0.1 months0.0 months0.0 months
Total Cost of CreditMZN 5,313.36MZN 6,946.19MZN 15,036.72
True Price by Comp     
Interest price component50.9%49.5%53.3%
Fee Component0.6%0.5%0.3%
Insurance Component2.2%2.1%2.2%
Tax Component0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)53.7%52.1%55.8%
Transparency Index10010099
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
Phindu (Group Business) Price Graphs


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Comercio & Servicos 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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