2. AfricaWorks
Please note that the information you are viewing is 112 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. FINCA
Please note that the information you are viewing is 108 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

AfricaWorks Fialho de Almeida 69Maputo
Data approved: 2015-03-20
Data version: 3
Age of data: 112 months
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Institution

FINCA Microfinance Bank Ltd 387-E, Johar TownLahore, Punjab
Data approved: 2015-04-17
Data version: 2
Age of data: 108 months
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Product

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Product

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Product Summary

Number borrowers5,679
Loan Amount (range)MZN 3,000 - 30,000
Loan Term (range)4 - 6
Other Services (text summary)Credit Educ, Group Mtgs, Tech Asst Visits, Business Training
Annual Interest & Method52.0% annual, Flat
FeesNone
InsuranceNone
TaxNone
Comp Dep10.0%-20.0% upfront
Range of pricing 
Interest Price Component71.3% - 82.2%
Fee Component0
Insurance Component0
Tax Component Range0
Full APR (int fee ins tax dep)83.0% - 105.8%
Transparency Index (min/max)49 - 63
Transparency Index (average)55

Product Summary

11,506
PKR 50,000 - 150,000
12
Credit Ins
27.0%-28.0% annual, Flat
1,500.00-2,500.00 upfront
0.07% ongoing, of Bal, each Mnth
16.00% fees
N/A
 
23.8% - 50.1%
1.3% - 14.5%
0.8% - 2.9%
0.3% - 2.8%
31.7% - 33.8%
42 - 99
81

Product Details

Key Statistics
Outstanding portfolio (MZN)MZN 39,944,556.50
Portfolio (USD)USD 1,181,791.61
Active Clients with Loans5,679
Approximate % Female Clients60% - 80%
Approximate % Urban Clients60% - 80%
Methodology
Individual
Solidarity group
Village bankingx
Self help group
Other
Description
Isento de garantias fisicas; Benefecia micro-negociantes; Numero de membros igual ou superior a 10; A responsabilidade e solidaria tanto na seleio de clientes, como nos reembolsos
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 insurance
Workplace visitsx
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 worker
Must be specific age groupx
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution6
# Regions for this product6
Regions ActiveMaputo Capital, Maputo Province, Inhambane, Gaza, Manica, Tete

Product Details

Key Statistics
Outstanding portfolio (PKR)PKR 943,230,382.30
Portfolio (USD)USD 9,262,522.35
Active Clients with Loans11,506
Approximate % Female Clients0% - 20%
Approximate % Urban Clients80% - 100%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Running Finance loan with montly bill payment
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 servicesx
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 institution3
# Regions for this product3
Regions ActiveKhyber Pakhtunkwa, Punjab, Sindh

Loan Conditions

Loan Amount
CurrencyMZN
Minimum loan sizeMZN 3,000
Maximum loan size30,000
Distribution at Disbursement (Est.)
Loans less than MZN 5,00030%
MZN 5,000-10,00030%
MZN 10,000-20,00030%
MZN 20,000-40,00010%
MZN 40,000-60,0000
Greater than MZN 60,0000
Loan Term and Grace Period
Shortest loan term4.0 months
Longest loan term6.0 months
Approx average4.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months100%
Between 7 and 9 months0
Between 10 and 12 months0
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 weeksx
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyPKR
Minimum loan sizePKR 50,000
Maximum loan size150,000
Distribution at Disbursement (Est.)
Loans less than PKR 10,0000
PKR 10,000-25,0000
PKR 25,000-50,0000
PKR 50,000-75,00040%
PKR 75,000-150,00060%
Greater than PKR 150,00060%
Loan Term and Grace Period
Shortest loan term12.0 months
Longest loan term12.0 months
Approx average12.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months100%
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 paymentsx

Pricing Information

Interest
Lowest quoted nominal interest4.00%
Highest quoted nominal interest4.00%
Interest rate period4 Weeks
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forSome
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 deposited10.00% - 20.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid0
Maximum interest rate paid0
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Pricing Information

Interest
Lowest quoted nominal interest27.00%
Highest quoted nominal interest28.00%
Reason(s) why interest rate varies%age of limit utlized.
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termNo
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min1,500
Fixed amount - max2,500
Reason for variationfor fresh clients as high as 2500, for repeatg clients as low as 1500
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
Ins 1
DescriptionInsurance Fee
% of loan amount - min0.07%
% of loan amount - max0.07%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
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 fees16%
All or some fees taxedSome

Full Pricing Data

Grupo Comunitario samples
Loan Amount
Type of Sample
Disbursement Date
Loan Term (Months)
Grace Period (Months)
Total Cost of Credit
Full APR (int fee ins tax dep)
True Price by Component
Transparency Index
Original Repayment Schedule
MFT Pricing Calculation
Interest price component
Fee Component
Insurance Component
Tax Component
Deposit Component
MZN 5,000 Real 2015-02-12 3.9 months N/A MZN 800 83.0% 71.3% 0.0% 0.0% 0.0% 11.7% 63 PDF PDF
MZN 5,000 Generated 2015-03-01 3.7 months N/A MZN 736.44 85.3% 72.7% 0.0% 0.0% 0.0% 12.6% 61 - PDF
MZN 5,000 Real 2015-02-12 3.9 months N/A MZN 800 83.0% 71.3% 0.0% 0.0% 0.0% 11.7% 63 PDF PDF
MZN 5,000 Generated 2015-03-01 3.7 months N/A MZN 736.44 85.3% 72.7% 0.0% 0.0% 0.0% 12.6% 61 - PDF
MZN 3,000 Generated 2015-03-01 5.5 months N/A MZN 718.03 96.6% 82.2% 0.0% 0.0% 0.0% 14.4% 54 - PDF
MZN 12,000 Generated 2015-03-01 5.5 months N/A MZN 2,872.11 105.8% 82.2% 0.0% 0.0% 0.0% 23.6% 49 - PDF
MZN 16,500 Generated 2015-03-01 5.5 months N/A MZN 3,949.15 105.8% 82.2% 0.0% 0.0% 0.0% 23.6% 49 - PDF
MZN 21,000 Generated 2015-03-01 5.5 months N/A MZN 5,026.19 105.8% 82.2% 0.0% 0.0% 0.0% 23.6% 49 - PDF
MZN 26,000 Generated 2015-03-01 5.5 months N/A MZN 6,222.90 105.8% 82.2% 0.0% 0.0% 0.0% 23.6% 49 - PDF
MZN 30,000 Generated 2015-03-01 3.7 months N/A MZN 4,786.85 100.4% 78.5% 0.0% 0.0% 0.0% 21.9% 52 - PDF

Full Pricing Data

Raqam Barwaqt samples
Loan Amount
Type of Sample
Disbursement Date
Loan Term (Months)
Grace Period (Months)
Total Cost of Credit
Full APR (int fee ins tax dep)
True Price by Component
Transparency Index
Original Repayment Schedule
MFT Pricing Calculation
Interest price component
Fee Component
Insurance Component
Tax Component
Deposit Component
PKR 50,000 Generated 2015-06-01 12.0 months N/A PKR 16,627.10 33.2% 29.6% 2.3% 0.9% 0.4% 0.0% 81 - PDF
PKR 55,000 Generated 2015-06-01 12.0 months N/A PKR 18,202.30 33.2% 28.7% 3.1% 0.8% 0.6% 0.0% 81 - PDF
PKR 60,000 Generated 2015-06-01 12.0 months N/A PKR 19,698.87 32.8% 28.7% 2.8% 0.9% 0.4% 0.0% 82 - PDF
PKR 76,000 Generated 2015-06-01 12.0 months N/A PKR 25,465.82 33.8% 27.7% 4.5% 0.9% 0.7% 0.0% 80 - PDF
PKR 80,000 Generated 2015-06-01 12.0 months N/A PKR 26,622.97 33.6% 27.7% 4.3% 0.9% 0.7% 0.0% 80 - PDF
PKR 90,000 Generated 2015-06-01 12.0 months N/A PKR 29,515.84 33.0% 27.7% 3.8% 0.9% 0.6% 0.0% 82 - PDF
PKR 100,000 Generated 2015-06-01 12.0 months N/A PKR 32,408.71 32.5% 27.7% 3.4% 0.9% 0.5% 0.0% 83 - PDF
PKR 125,000 Generated 2015-06-01 12.0 months N/A PKR 39,640.89 31.7% 27.7% 2.7% 0.9% 0.4% 0.0% 85 - PDF
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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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