Number borrowers | 756 |
Loan Amount (range) | USD 100 - 10,000 |
Loan Term (range) | 10.7 - 71.3 |
Other Services (text summary) | Credit Educ, Credit Ins |
Annual Interest & Method | 18.0%-24.0% annual, Decl Bal |
Fees | None |
Insurance | None |
Tax | None |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | 16.3% - 36.0% |
Fee Component | 0 |
Insurance Component | 0 |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 19.1% - 23.4% |
Transparency Index (min/max) | 51 - 101 |
Transparency Index (average) | 86 |
946 |
MAD 1,500 - 50,000 |
4 - 36 |
18.0%-20.4% annual, Flat |
1.00% upfront |
None |
None |
N/A |
30.9% - 37.5% |
0.6% - 3.0% |
0 |
0 |
31.8% - 37.5% |
48 - 57 |
51 |
Outstanding portfolio (USD) | USD 3,540,515 |
Portfolio (USD) | USD 3,540,515 |
Active Clients with Loans | 756 |
Approximate % Female Clients | 20% - 40% |
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 | x |
Education | |
Other household finance | x |
Other | |
Other (2) |
Credit education | x |
Group meetings | |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services |
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 | 9 |
# Regions for this product | 9 |
Regions Active | Beni , Chuquisaca , Cochabamba , La Paz , Oruro , Pando , Potosí, Santa Cruz, Tarija |
Outstanding portfolio (MAD) | MAD 3,566,187 |
Portfolio (USD) | USD 419,551.41 |
Active Clients with Loans | 946 |
Approximate % Female Clients | 40% - 60% |
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 | x |
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 | 2 |
# Regions for this product | 2 |
Regions Active | Beni Mellal-Khenifra, Drâa-Tafilalt |
Currency | USD |
Minimum loan size | USD 100 |
Maximum loan size | 10,000 |
Loans less than USD 1,500 | 0 |
USD 1,500-5,000 | 20% |
USD 5,000-10,000 | 80% |
USD 10,000-15,000 | 0 |
USD 15,000-18,000 | 0 |
Greater than USD 18,000 | 0 |
Shortest loan term | 10.7 months |
Longest loan term | 71.3 months |
Approx average | 41.8 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 0 |
Between 13 and 18 months | 0 |
Longer than 18 months | 100% |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | x |
Quarterly | x |
Every 6 months | x |
Every 12 months | |
Single end payment | x |
Irregular payments | x |
Currency | MAD |
Minimum loan size | MAD 1,500 |
Maximum loan size | 50,000 |
Loans less than MAD 5,000 | 30% |
MAD 5,000-15,000 | 50% |
MAD 15,000-25,000 | 15% |
MAD 25,000-35,000 | 5% |
MAD 35,000-45,000 | 0 |
Greater than MAD 45,000 | 0 |
Shortest loan term | 4.0 months |
Longest loan term | 36.0 months |
Approx average | 18.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 10% |
Between 13 and 18 months | 20% |
Longer than 18 months | 70% |
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 |
Lowest quoted nominal interest | 18.00% |
Highest quoted nominal interest | 24.00% |
Reason(s) why interest rate varies | Time as Client, Loan Size, Client Risk, Collateral, Loan Purpose |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
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 |
Lowest quoted nominal interest | 1.50% |
Highest quoted nominal interest | 1.70% |
Reason(s) why interest rate varies | Loan Size |
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 | Les frais de dossier payés par le client ne peuvent dépasser MAD 200. |
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 |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | USD 3,000 | USD 8,000 | USD 7,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-12-05 | 2014-01-13 | 2013-12-05 | ||
Loan Term (Months) | 24.0 months | 48.0 months | 26.0 months | ||
Grace Period (Months) | 0.1 months | -1.0 months | 0.1 months | ||
Total Cost of Credit | USD 643.19 | USD 3,442.05 | USD 1,864.41 | ||
True Price by Comp | |||||
Interest price component | 20.4% | 19.1% | 23.4% | ||
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) | 20.4% | 19.1% | 23.4% | ||
Transparency Index | 88 | 94 | 77 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | MAD 2,500 | MAD 5,000 | MAD 9,000 | MAD 20,000 | MAD 25,000 | ||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
Disbursement Date | 2013-02-08 | 2013-04-04 | 2013-04-18 | 2011-07-15 | 2013-03-15 | ||||
Loan Term (Months) | 12.0 months | 12.0 months | 12.0 months | 24.0 months | 24.0 months | ||||
Grace Period (Months) | -0.1 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | ||||
Total Cost of Credit | MAD 535 | MAD 1,070 | MAD 1,926 | MAD 7,400 | MAD 9,200 | ||||
True Price by Comp | |||||||||
Interest price component | 35.6% | 35.2% | 35.2% | 30.9% | 31.0% | ||||
Fee Component | 1.9% | 1.9% | 1.9% | 1.1% | 0.8% | ||||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Full APR (int fee ins tax dep) | 37.5% | 37.1% | 37.1% | 32.0% | 31.8% | ||||
Transparency Index | 48 | 48 | 48 | 56 | 57 | ||||
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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