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Institution
Data approved: 2013-05-13
Data version: 1
Age of data: 125 months
Key Statistics
Outstanding portfolio (MAD) | MAD 84,756,851 |
Portfolio (USD) | USD 9,971,394.24 |
Active Clients with Loans | 27,255 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 40% - 60% |
Methodology
Individual | |
Solidarity group | x |
Village banking | |
Self help group | |
Other | |
Description
Il sagit dun produit mutuel. Les emprunteurs ont une responsabilité partagée quant au remboursement du prêt. Ce produit est destiné aux clients ayant une activité génératrice de revenu.
Loan Purpose
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | x |
Education | |
Other household finance | |
Other | |
Other (2) | |
Included Services
Credit education | x |
Group meetings | x |
Credit insurance | |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services | |
Eligibility
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) | |
Portfolio Size by Product
Geographic Coverage
# Regions for this institution | 9 |
# Regions for this product | 9 |
Regions Active | Tangier-Tétouan, East and the Rif, Fes-Meknes, Rabat-Sale-Kenitra, Beni Mellal-Khenifra, Settat-Casablanca, Marrakesh-Safi, Drâa-Tafilalt, Souss-Massa |
Loan Conditions
Loan Amount
Currency | MAD |
Minimum loan size | MAD 1,000 |
Maximum loan size | 25,000 |
Distribution at Disbursement (Est.)
Loans less than MAD 5,000 | 40% |
MAD 5,000-15,000 | 50% |
MAD 15,000-25,000 | 10% |
MAD 25,000-35,000 | 0 |
MAD 35,000-45,000 | 0 |
Greater than MAD 45,000 | 0 |
Loan Term and Grace Period
Shortest loan term | 3.0 months |
Longest loan term | 48.0 months |
Approx average | 16.0 months |
Distribution at Disbursement (Est.)
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 50% |
Between 13 and 18 months | 40% |
Longer than 18 months | 10% |
Grace Period
Grace period usage | 0 |
Average grace period | 0 |
Repayment Frequency
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 | |
Pricing Information
Interest
Lowest quoted nominal interest | 34.50% |
Highest quoted nominal interest | 34.50% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Upfront Fees
| Fee 1 | | Fee 2 |
---|
Description | Frais de dossier | | Frais de Carnet |
% of loan amount - min | 2.00% | | 0 |
% of loan amount - max | 2.00% | | 0 |
OR, Fixed amount - min | 0 | | 10 |
Fixed amount - max | 0 | | 10 |
Reason for variation | N/D | | N/A |
Appears on Repayment Sched? | Yes | | No |
Ongoing Fees
This product has no ongoing feesUpfront Insurance Fees
This product has no upfront insurance feesOngoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required for | Never |
Criteria | N/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 deposited | N/A |
or, Fixed-amount deposited | N/A |
Deposits DURING period payments
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
Conditions on access to deposit | N/A |
Interest Paid on Deposit
Minimum interest rate paid | N/A |
Maximum interest rate paid | N/A |
Interest payment frequency | N/A |
Taxes
Are taxes charged on this product? | No |
Additional Comments
MAD 50 membership fee for new clients + MAD 10 passbook fee (passbook is always kept by the client)
Full Pricing Data
Attadamoun samples
| Sample 1 | | Sample 2 | | Sample 3 | | Sample 4 |
---|
Loan Amount | MAD 2,048.47 | | MAD 3,068.88 | | MAD 5,109.69 | | MAD 6,130.10 |
Loan Cycle (1, 2, 3, etc) | Not Known | | Not Known | | Not Known | | Not Known |
Disbursement Date | 2014-03-05 | | 2014-03-14 | | 2014-03-06 | | 2014-03-20 |
Loan Term (Months) | 6.0 months | | 6.0 months | | 12.0 months | | 12.0 months |
Grace Period (Months) | 0.1 months | | 0.0 months | | 0.1 months | | 0.1 months |
Total Cost of Credit | MAD 264.50 | | MAD 392.50 | | MAD 1,122.50 | | MAD 1,346.50 |
True Price by Comp | | | | | | | |
Interest price component | 33.7% | | 34.3% | | 33.9% | | 33.9% |
Fee Component | 8.6% | | 8.2% | | 4.3% | | 4.2% |
Insurance Component | 0.0% | | 0.0% | | 0.0% | | 0.0% |
Tax Component | 0.0% | | 0.0% | | 0.0% | | 0.0% |
Deposit Component | 0.0% | | 0.0% | | 0.0% | | 0.0% |
Full APR (int fee ins tax dep) | 42.3% | | 42.5% | | 38.2% | | 38.1% |
Transparency Index | 81 | | 81 | | 90 | | 91 |
| | | | | | | |
Original Repayment Schedule | PDF | | PDF | | PDF | | PDF |
MFT Pricing Calculation | PDF | | PDF | | PDF | | PDF |