| Number borrowers | 1,866 |
| Loan Amount (range) | MZN 1,500 - 350,000 |
| Loan Term (range) | 4 - 18 |
| Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training |
| Annual Interest & Method | 55.2% annual, Decl Bal |
| Fees | 50.00-900.00 upfront |
| Insurance | 1.50% upfront |
| Tax | None |
| Comp Dep | N/A |
| Range of pricing | |
| Interest Price Component | 30.1% - 53.3% |
| Fee Component | 0.1% - 0.8% |
| Insurance Component | 2.0% - 2.2% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 52.1% - 55.8% |
| Transparency Index (min/max) | 94 - 110 |
| Transparency Index (average) | 100 |
| 1,203 |
| THB 1,000 - 30,000 |
| 0 |
| Credit Ins |
| 3.0% annual, Decl Bal |
| None |
| None |
| None |
| 5.0% upfront 6.00% ongoing |
| #N/A |
| N/A |
| Outstanding portfolio (MZN) | MZN 26,994,560.29 |
| Portfolio (USD) | USD 887,978.96 |
| Active Clients with Loans | 1,866 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | x |
| Solidarity group | |
| 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 | x |
| Credit insurance | x |
| Workplace visits | x |
| Business training | x |
| Other training | |
| Other | |
| Other (2) | |
| No other services |
| Men | x |
| 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 | 1 |
| Regions Active | Maputo Province |
| Outstanding portfolio (THB) | THB 21,160,927 |
| Portfolio (USD) | USD 661,278.97 |
| Active Clients with Loans | 1,203 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 0% - 20% |
| 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 | x |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services |
| Men | |
| Women | |
| 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 | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Currency | MZN |
| Minimum loan size | MZN 1,500 |
| Maximum loan size | 350,000 |
| Loans less than MZN 5,000 | 5% |
| MZN 5,000-10,000 | 5% |
| MZN 10,000-20,000 | 20% |
| MZN 20,000-40,000 | 40% |
| MZN 40,000-60,000 | 15% |
| Greater than MZN 60,000 | 15% |
| Shortest loan term | 4.0 months |
| Longest loan term | 18.0 months |
| Approx average | 8.0 months |
| 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 | THB |
| Minimum loan size | THB 1,000 |
| Maximum loan size | 30,000 |
| Shortest loan term | 0 |
| Longest loan term | 0 |
| Approx average | 0 |
| Loans 3 months or less | N/A |
| Between 4 and 6 months | N/A |
| Between 7 and 9 months | N/A |
| Between 10 and 12 months | N/A |
| Between 13 and 18 months | N/A |
| Longer than 18 months | N/A |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | |
| 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 | 4.60% |
| Highest quoted nominal interest | 4.60% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Taxa de Inscrição |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 50 |
| Fixed amount - max | 900 |
| Reason for variation | os creditos maiores de 50.000,00 MZN pagam a taxa de inscricao de 0.15% em do emprestimo |
| Appears on Repayment Sched? | Yes |
| Ins 1 | |
|---|---|
| Description | Seguro para cubrir morte do cliente |
| % of loan amount - min | 1.50% |
| % of loan amount - max | 1.50% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | 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 |
| Lowest quoted nominal interest | 3.00% |
| Highest quoted nominal interest | 3.00% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | N/A |
| Is rate fixed for entire loan term | N/A |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | |
| Do borrowers control deposit in their group? | Yes |
| % loan amount deposited | 5.00% - N/A |
| or, Fixed-amount deposited | 0 - N/A |
| % loan amount deposited | 6.00% - N/A |
| or, Fixed-amount deposited | 0 - N/A |
| Conditions on access to deposit | Final Pmt |
| Minimum interest rate paid | 6.00% |
| Maximum interest rate paid | 6.00% |
| Interest payment frequency | Monthly |
| Are taxes charged on this product? | No |
| Sample 3 | Sample 4 | Sample 5 | |||
|---|---|---|---|---|---|
| Loan Amount | MZN 11,000 | MZN 15,000 | MZN 30,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2013-03-14 | 2013-04-23 | 2013-04-02 | ||
| Loan Term (Months) | 18.0 months | 18.0 months | 18.0 months | ||
| Grace Period (Months) | 0.1 months | 0.0 months | 0.0 months | ||
| Total Cost of Credit | MZN 5,313.36 | MZN 6,946.19 | MZN 15,036.72 | ||
| True Price by Comp | |||||
| Interest price component | 50.9% | 49.5% | 53.3% | ||
| Fee Component | 0.6% | 0.5% | 0.3% | ||
| Insurance Component | 2.2% | 2.1% | 2.2% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 0.0% | 0.0% | 0.0% | ||
| Full APR (int fee ins tax dep) | 53.7% | 52.1% | 55.8% | ||
| Transparency Index | 100 | 100 | 99 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Key Statistics | |
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| # 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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