2. BOM
Please note that the information you are viewing is 120 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. Zigama CSS
Please note that the information you are viewing is 155 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Banco Oportunidade de Mozambique Av. 24 de Julho, 4136, Bairro MalangaMaputo
Data approved: 2013-05-10
Data version: 2
Age of data: 120 months
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Institution

Zigama Credit and Savings Society Head OfficeKigali, GasaboPO Box BP4772
Data approved: 2011-09-16
Data version: 1
Age of data: 155 months

Product

Credito Individual Product 2 of 3 « Prev | Next »

Product

Medium Term Loan Product 1 of 2 « Prev | Next »

Product Summary

Number borrowers11,423
Loan Amount (range)MZN 5,000 - 103,093
Loan Term (range)4 - 12
Other Services (text summary)Credit Ins
Annual Interest & Method66.0% annual, Decl Bal
Fees1.72% ongoing
Insurance1.28% ongoing
TaxN/A fixed
Comp DepN/A
Range of pricing 
Interest Price Component32.8% - 71.4%
Fee Component1.9% - 5.0%
Insurance Component0 - 3.8%
Tax Component Range0 - 1.3%
Full APR (int fee ins tax dep)71.8% - 76.2%
Transparency Index (min/max)65 - 92
Transparency Index (average)90

Product Summary

13,750
RWF 1,000,000 - 50,000,000
36 - 60
Credit Educ
13.00%-13.50% annual, Decl Bal
2 fees
None
None
10.00% upfront
 
N/A
13.1% - 14.4% (Int+Fee)
0
0
15.6% - 17.3%
26 - 83
78

Product Details

Key Statistics
Outstanding portfolio (MZN)MZN 184,858,094
Portfolio (USD)USD 6,080,858.36
Active Clients with Loans11,423
Approximate % Female Clients40% - 60%
Approximate % Urban Clients80% - 100%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Credito de baixa renda pagavel num prazo maximo de um ano e com valor minimo de 5000.00 para pessoas com pequenos negocios que em condicoes normais nao podem aceder a creditos em bancos comerciais.
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 services
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 institution7
# Regions for this product7
Regions ActiveMaputo Capital, Gaza, Sofala, Manica, Zambezia, Nampula, Tete

Product Details

Key Statistics
Outstanding portfolio (RWF)RWF 10,000,000,000
Portfolio (USD)USD 15,625,000
Active Clients with Loans13,750
Approximate % Female Clients0% - 20%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity group
Village banking
Self help group
OtherBusinesses, Cooperatives
Description
Loan term is between 36 and 60 months, priced at 13-13.5% per annum, purpose is usually investment.
Loan Purpose
Any purposex
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetings
Credit insurance
Workplace visits
Business training
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
OtherOnly members - soldiers, police officers, veterans
Other (2)Spouses and widows of these groups
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution11
# Regions for this product13
Regions ActiveBugesera, Gasabo, Gicumbi, Huye, Karongi, Kicukiro, Muhanga, Musanze, Ngoma, Nyagatare, Nyarugenge, Rubavu, Rwamagana

Loan Conditions

Loan Amount
CurrencyMZN
Minimum loan sizeMZN 5,000
Maximum loan size103,093
Distribution at Disbursement (Est.)
Loans less than MZN 5,00010%
MZN 5,000-10,0005%
MZN 10,000-20,00020%
MZN 20,000-40,00030%
MZN 40,000-60,00010%
Greater than MZN 60,00010%
Loan Term and Grace Period
Shortest loan term4.0 months
Longest loan term12.0 months
Approx average8.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months40%
Between 7 and 9 months30%
Between 10 and 12 months30%
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 payments

Loan Conditions

Loan Amount
CurrencyRWF
Minimum loan sizeRWF 1,000,000
Maximum loan size50,000,000
Distribution at Disbursement (Est.)
Loans less than RWF 500,0000
RWF 500,000-1,500,00010%
RWF 1,500,000-2,500,00020%
RWF 2,500,000-3,500,00020%
RWF 3,500,000-4,500,00020%
Greater than RWF 4,500,00020%
Loan Term and Grace Period
Shortest loan term36.0 months
Longest loan term60.0 months
Approx average48.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months100%
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 interest5.50%
Highest quoted nominal interest5.50%
Interest rate periodMonthly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
Ongoing Fees
Fee 1
DescriptionTaxa Administrativa
% of loan amount - min1.72%
% of loan amount - max1.72%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
Ins 1
DescriptionInsuranceO cliente paga o seguro do credito que inclui funeral
% of loan amount - min1.28%
% of loan amount - max1.28%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
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 fees0
All or some fees taxedN/A

Pricing Information

Interest
Lowest quoted nominal interest13.00%
Highest quoted nominal interest13.50%
Reason(s) why interest rate variesGovernment funding requires subsidized rates, used for investment in agriculture.
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionCommissionLoan Analysis
% of loan amount - min1.00%0
% of loan amount - max1.00%0
OR, Fixed amount - min02,000
Fixed amount - max02,000
Reason for variationN/AN/A
Appears on Repayment Sched?NoNo
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 forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?No
Deposit BEFORE or AT Disbursement
% loan amount deposited10.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositWhen Leaving
Interest Paid on Deposit
Minimum interest rate paid6.00%
Maximum interest rate paid6.00%
Interest payment frequencyAnnually
Taxes
Are taxes charged on this product?No
Additional Comments
Savings during the loan term is 7% of monthly salary amount, regardless of whether member has a loan or not.

Full Pricing Data

Credito Individual samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountMZN 7,000MZN 13,000MZN 27,000MZN 39,000MZN 55,000MZN 65,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2013-03-012013-04-172013-04-022013-04-162013-04-222013-04-05
Loan Term (Months)6.0 months9.0 months12.0 months7.0 months12.0 months12.0 months
Grace Period (Months)0.0 months0.0 months-0.2 months0.0 months0.0 months0.0 months
Total Cost of CreditMZN 1,698.44MZN 4,413.06MZN 11,482.37MZN 10,577MZN 24,430.07MZN 28,854.82
True Price by Comp           
Interest price component66.1%66.1%66.1%66.1%67.4%67.0%
Fee Component5.0%3.3%2.5%4.3%2.4%2.4%
Insurance Component3.8%2.5%1.9%3.3%1.9%1.8%
Tax Component1.3%1.3%1.3%1.3%1.3%1.3%
Deposit Component0.0%0.0%0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)76.2%73.2%71.8%75.0%73.0%72.5%
Transparency Index879092889091
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF

Full Pricing Data

Medium Term Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountRWF 1,100,000RWF 1,990,444RWF 3,000,000RWF 4,000,000
Loan Cycle (1, 2, 3, etc)0000
Disbursement Date2010-12-012010-10-142011-03-152010-11-26
Loan Term (Months)60.0 months48.0 months60.0 months60.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot Known
True Price by Comp       
Interest and Fee Component14.1%14.4%13.7%13.1%
Insurance Component0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component2.7%2.9%2.6%2.5%
Full APR (int fee ins tax dep)16.8%17.3%16.3%15.6%
Transparency Index78758083
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
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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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