2. Meanwood
Please note that the information you are viewing is 157 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. ARDI
Please note that the information you are viewing is 128 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Meanwood Finance Corporation Limited Design HouseCairo RoadLusakaPO Box 31334
Data approved: 2011-12-12
Data version: 1
Age of data: 157 months

Institution

Fondation ARDI pour le microcrédit Angle avenue HassaII et rue TranTémara-centreRabat212
Data approved: 2013-05-13
Data version: 1
Age of data: 128 months

Product

Personal Loans Product 3 of 5 « Prev | Next »

Product

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Product Summary

Number borrowers550
Loan Amount (range)ZMK 500,000 - 20,000,000
Loan Term (range)1 - 3
Other Services (text summary)Credit Educ, Group Mtgs, Credit Ins
Annual Interest & Method120.0%-144.0% annual, Flat
Fees60,000.00-100,000.00 upfront
InsuranceNone
TaxNone
Comp Dep10.0% upfront
Range of pricing 
Interest Price ComponentN/A
Fee Component217.9% - 229.5% (Int+Fee)
Insurance Component0
Tax Component Range0
Full APR (int fee ins tax dep)252.0% - 265.7%
Transparency Index (min/max)41 - 102
Transparency Index (average)46

Product Summary

112,419
MAD 1,000 - 20,000
3 - 18
Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training
24.0% annual, Flat
30.00-125.00 upfront
0.22%-0.71% upfront
None
N/A
 
35.1% - 41.9%
0.3% - 9.4%
0.1% - 2.0%
0
42.4% - 52.0%
46 - 61
53

Product Details

Key Statistics
Outstanding portfolio (ZMK)ZMK 1,800,000,000
Portfolio (USD)USD 347,826.09
Active Clients with Loans550
Approximate % Female Clients40% - 60%
Approximate % Urban Clients80% - 100%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
These are consumer loans targeted to clients in formal employment.
Loan Purpose
Any purposex
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
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 workerx
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Product Details

Key Statistics
Outstanding portfolio (MAD)MAD 247,744,373
Portfolio (USD)USD 29,146,396.82
Active Clients with Loans112,419
Approximate % Female Clients20% - 40%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Prêt destiné aux groupes solidaires de 2 à 7 personnes qui se cautionnent mutuellement
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 trainingx
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 institution12
# Regions for this product12
Regions ActiveTangier-Tétouan, East and the Rif, Fes-Meknes, Rabat-Sale-Kenitra, Beni Mellal-Khenifra, Settat-Casablanca, Marrakesh-Safi, Drâa-Tafilalt, Souss-Massa, Guelmim-Oued NounEl Aiun-Saguia al Hamra, Dakhla-Oued Addahab

Loan Conditions

Loan Amount
CurrencyZMK
Minimum loan sizeZMK 500,000
Maximum loan size20,000,000
Loan Term and Grace Period
Shortest loan term1.0 month
Longest loan term3.0 months
Approx average3.0 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

Loan Conditions

Loan Amount
CurrencyMAD
Minimum loan sizeMAD 1,000
Maximum loan size20,000
Distribution at Disbursement (Est.)
Loans less than MAD 5,00060%
MAD 5,000-15,00040%
MAD 15,000-25,0000
MAD 25,000-35,0000
MAD 35,000-45,0000
Greater than MAD 45,0000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term18.0 months
Approx average12.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months15%
Between 7 and 9 months15%
Between 10 and 12 months60%
Between 13 and 18 months10%
Longer than 18 months0
Grace Period
Grace period usage10%
Average grace period2.0 months
Repayment Frequency
Daily
Weeklyx
Every 2 weeksx
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 interest10.00%
Highest quoted nominal interest12.00%
Reason(s) why interest rate variesTime as Client, Loan Size, Client Risk
Interest rate periodMonthly
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 - min0
% of loan amount - max0
OR, Fixed amount - min60,000
Fixed amount - max100,000
Reason for variationN/A
Appears on Repayment Sched?No
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 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 interest2.00%
Highest quoted nominal interest2.00%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionFrais de dossier
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min30
Fixed amount - max125
Reason for variationEn fonction du montant du prêt (par tranche)
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionFrais d'assurance décés-invalidité totale
% of loan amount - min0.22%
% of loan amount - max0.71%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationReason for variation not provided
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

Personal Loans samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountZMK 2,000,000ZMK 2,800,000ZMK 3,000,000ZMK 5,000,000ZMK 5,000,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2011-06-132011-06-282011-04-212011-06-212011-06-24
Loan Term (Months)6.0 months3.0 months3.0 months3.0 months6.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot KnownNot Known
True Price by Comp         
Interest and Fee Component229.5%219.6%217.9%218.5%223.9%
Insurance Component0.0%0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component36.3%35.1%34.2%34.8%35.3%
Full APR (int fee ins tax dep)265.7%254.7%252.0%253.4%259.2%
Transparency Index4547484746
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF

Full Pricing Data

Crédit Solidaire samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountMAD 1,000MAD 3,000MAD 5,000MAD 10,000MAD 20,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2013-04-222013-04-042013-03-152013-05-132013-04-22
Loan Term (Months)6.0 months9.0 months18.0 months12.0 months18.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditMAD 158MAD 609MAD 1,876MAD 2,516MAD 7,396
True Price by Comp         
Interest price component41.9%41.9%41.6%41.7%41.7%
Fee Component9.4%3.6%1.0%1.2%0.5%
Insurance Component0.7%0.7%0.2%0.3%0.2%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)52.0%46.2%42.8%43.2%42.4%
Transparency Index4652565657
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF
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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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