| Number borrowers | 1,684 |
| Loan Amount (range) | MAD 500 - 10,000 |
| Loan Term (range) | 4 - 12 |
| Other Services (text summary) | |
| Annual Interest & Method | 24.0% annual, Flat |
| Fees | 1.00% upfront |
| Insurance | 22.00-34.00 upfront |
| Tax | None |
| Comp Dep | N/A |
| Range of pricing | |
| Interest Price Component | 40.4% - 43.2% |
| Fee Component | 2.0% - 3.8% |
| Insurance Component | 0.3% - 6.2% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 45.2% - 51.2% |
| Transparency Index (min/max) | 47 - 56 |
| Transparency Index (average) | 50 |
| 1,677 |
| USD 150 - 1,000 |
| 3 - 24 |
| 14.4% annual, Decl Bal |
| None |
| None |
| None |
| N/A |
| 14.3% - 38.4% |
| 0 |
| 0 |
| 0 |
| 14.3% - 14.4% |
| 58 - 112 |
| 100 |
| Outstanding portfolio (MAD) | MAD 4,753,508 |
| Portfolio (USD) | USD 559,236.24 |
| Active Clients with Loans | 1,684 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 40% - 60% |
| 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 | |
| Group meetings | |
| Credit insurance | |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services | x |
| 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 | |
| Other (2) |
| # Regions for this institution | 5 |
| # Regions for this product | 5 |
| Regions Active | Rabat-Sale-Kenitra, Beni Mellal-Khenifra, Settat-Casablanca, Marrakesh-Safi, Drâa-Tafilalt |
| Outstanding portfolio (USD) | USD 539,745 |
| Portfolio (USD) | USD 539,745 |
| Active Clients with Loans | 1,677 |
| Approximate % Female Clients | 20% - 40% |
| Approximate % Urban Clients | 20% - 40% |
| Individual | x |
| Solidarity group | |
| 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 | |
| Group meetings | |
| Credit insurance | |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services | x |
| Men | x |
| Women | x |
| Must run a business | x |
| Must own a home or land | x |
| Must be a salaried worker | x |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | 18 |
| # Regions for this product | 18 |
| Regions Active | Banteay Meanchey, Battambang, Kampong Cham, Kampong Chhnang, Kampong Speu, Kampong Thom, Kampot, Kandal, Koh Kong, KepKratié, Phnom Penh, Sihanoukville, Pursat, Prey VengSiem Reap, Svay Rieng, Takéo |
| Currency | MAD |
| Minimum loan size | MAD 500 |
| Maximum loan size | 10,000 |
| Loans less than MAD 5,000 | 70% |
| MAD 5,000-15,000 | 30% |
| MAD 15,000-25,000 | 0 |
| MAD 25,000-35,000 | 0 |
| MAD 35,000-45,000 | 0 |
| Greater than MAD 45,000 | 0 |
| Shortest loan term | 4.0 months |
| Longest loan term | 12.0 months |
| Approx average | DK |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 10% |
| Between 7 and 9 months | 10% |
| Between 10 and 12 months | 80% |
| 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 | |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Currency | USD |
| Minimum loan size | USD 150 |
| Maximum loan size | 1,000 |
| Loans less than USD 250 | 10% |
| USD 250-1,000 | 90% |
| USD 1,000-1,500 | 0 |
| USD 1,500-2,000 | 0 |
| USD 2,000-2,500 | 0 |
| Greater than USD 2,500 | 0 |
| Shortest loan term | 3.0 months |
| Longest loan term | 24.0 months |
| Approx average | 20.0 months |
| Loans 3 months or less | 5% |
| Between 4 and 6 months | 5% |
| Between 7 and 9 months | 10% |
| Between 10 and 12 months | 10% |
| Between 13 and 18 months | 20% |
| Longer than 18 months | 50% |
| Grace period usage | 70% |
| Average grace period | 2.0 months |
| 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 | 2.00% |
| Highest quoted nominal interest | 2.00% |
| 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 | Frais de Dossier |
| % 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 |
| Ins 1 | |
|---|---|
| Description | Décès, Invalidité |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 22 |
| Fixed amount - max | 34 |
| Reason for variation | (Moins 5 000 - Assurances Annuel 22MAD/entre 5 000 et 10 000 - Assurances Annuel 28MAD/ Plus 10 000 -Assurances Annuel 34 MAD) |
| Appears on Repayment Sched? | No |
| 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 | 1.20% |
| Highest quoted nominal interest | 1.20% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | Yes |
| Is rate fixed for entire loan term | 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 |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | MAD 1,000 | MAD 2,500 | MAD 5,000 | MAD 10,000 | |||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
| Disbursement Date | 2013-02-26 | 2013-01-22 | 2013-01-10 | 2013-02-25 | |||
| Loan Term (Months) | 10.0 months | 10.0 months | 12.0 months | 5.9 months | |||
| Grace Period (Months) | -0.3 months | -0.1 months | -0.1 months | -0.2 months | |||
| Total Cost of Credit | MAD 232 | MAD 547 | MAD 1,278 | MAD 1,328 | |||
| True Price by Comp | |||||||
| Interest price component | 43.2% | 42.5% | 42.0% | 41.8% | |||
| Fee Component | 2.5% | 2.4% | 2.0% | 3.8% | |||
| Insurance Component | 5.5% | 2.1% | 1.2% | 1.1% | |||
| 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) | 51.2% | 47.0% | 45.2% | 46.7% | |||
| Transparency Index | 47 | 51 | 53 | 51 | |||
| Original Repayment Schedule | |||||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | USD 600 | USD 700 | USD 1,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2012-11-07 | 2012-09-20 | 2012-12-05 | ||
| Loan Term (Months) | 25.0 months | 19.0 months | 24.0 months | ||
| Grace Period (Months) | 3.4 months | 2.9 months | 3.0 months | ||
| Total Cost of Credit | USD 102.70 | USD 94.59 | USD 166.94 | ||
| True Price by Comp | |||||
| Interest price component | 14.4% | 14.4% | 14.3% | ||
| Fee Component | 0.0% | 0.0% | 0.0% | ||
| Insurance Component | 0.0% | 0.0% | 0.0% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 0.0% | 0.0% | 0.0% | ||
| Full APR (int fee ins tax dep) | 14.4% | 14.4% | 14.3% | ||
| Transparency Index | 100 | 100 | 100 | ||
| 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 |
|---|---|---|---|---|---|---|---|
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