Institution # Borrowers Portfolio (US$) Products Age of Data
AgroCapital21,90016,894,00011171
ANED5,4006,579,0003130
Banco FIE231,100569,322,0006130
BancoSol215,300861,418,00030130
CIDRE8,500126,578,0008130
Coop Fatima6,30044,280,0007171
CRECER166,900134,626,00013130
Diaconia67,00085,734,0002130
Ecofuturo59,200226,839,0005130
EMPRENDER8,7002,380,0003171
Fassil FFP57,600325,081,0005130
FONCRESOL3,9009,573,0003130
FONDECO14,20024,274,0003130
Fortaleza20,100164,530,00013130
FUBODE29,40024,444,0007130
FUNBODEM8,60015,798,0009130
IDEPRO10,40040,479,0002130
IMPRO2,4002,885,0004130
ProCredit84,300257,487,0008171
PRODEM44,90062,529,0004130
ProMujer BOL115,20050,753,0003130
Sartawi14,60026,842,0008130
  2. FONDEP
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

Fondation pour le Development Local et le Partenariat Micro-Crédit Imm. Saraya, Angle Bd Riad et Av Alarz - Hay RiadRabat10100
Data approved: 2013-05-13
Data version: 1
Age of data: 128 months

Product

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Product Details

Key Statistics
Outstanding portfolio (MAD)MAD 6,569,118
Portfolio (USD)USD 772,837.41
Active Clients with Loans318
Approximate % Female Clients40% - 60%
Approximate % Urban Clients60% - 80%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Ce produit est destiné aux clients ayant une activité génératrice de revenu et les fonctionnaires souhaitant réaliser des travaux de construction.
Loan Purpose
Any purpose
Income generation
Mortgage/housingx
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 businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
OtherFonctionnaires
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution9
# Regions for this product9
Regions ActiveTangier-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
CurrencyMAD
Minimum loan sizeMAD 8,000
Maximum loan size40,000
Distribution at Disbursement (Est.)
Loans less than MAD 5,0000
MAD 5,000-15,0005%
MAD 15,000-25,0005%
MAD 25,000-35,00040%
MAD 35,000-45,00050%
Greater than MAD 45,00050%
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term42.0 months
Approx average35.0 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 months10%
Longer than 18 months90%
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 interest28.50%
Highest quoted nominal interest28.50%
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
DescriptionFrais de dossierFrais de Carnet
% of loan amount - min3.00%0
% of loan amount - max3.00%0
OR, Fixed amount - min010
Fixed amount - max010
Reason for variationN/DN/A
Appears on Repayment Sched?YesNo
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 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
Additional Comments
MAD 50 membership fee for new clients + MAD 10 passbook fee (passbook is always kept by the client)

Full Pricing Data

Binaa samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountMAD 30,000MAD 30,000MAD 40,000MAD 40,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2014-02-052014-02-052014-03-072014-02-06
Loan Term (Months)37.0 months43.0 months37.0 months43.0 months
Grace Period (Months)0.0 months0.0 months0.0 months-0.1 months
Total Cost of CreditMAD 15,910MAD 18,664MAD 21,186MAD 24,882
True Price by Comp       
Interest price component28.2%28.2%28.1%28.3%
Fee Component2.4%2.1%2.3%2.0%
Insurance Component0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)30.6%30.3%30.4%30.3%
Transparency Index93949494
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
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