| Institution Type | Credit Union / Cooperative |
| Is this institution regulated? | Yes |
| Website address | N/A |
| Year established | 1998 |
| Head of Institution | CARLOS MARZON ORTIZ |
| Regions active | |
| # Branches | 15 |
| Total Portfolio (nat'l) | USD 46,867,654 |
| Total Portfolio (USD) | USD 46,867,654 |
| Active clients with loans | 15,532 |
| Approximate % female clients | 40% - 60% |
| Approximate % urban clients | 40% - 60% |
| Network affiliations | Red Financiera Rural |
| Funders |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Credidesarrollo | USD 200 - 15,000 | 6 - 38 | 20% - 40% | 60% - 80% | Business | Women, Men, Have business | Credit Ins, Seguro de Desgravamen | |||||||
| Crediemergente | USD 500 - 1,000 | 2 - 14 | 40% - 60% | 60% - 80% | Any Purpose | Women, Men | ||||||||
| Credimicroempresarial | USD 400 - 20,000 | 6 - 50 | 40% - 60% | 60% - 80% | Business | Women, Men, Have business | Credit Ins, Seguro de Desgravamen | |||||||
| Crediparticular | USD 200 - 15,000 | 5 - 38 | 40% - 60% | 0% - 20% | Any Purpose | Women, Men, Salaried worker | Credit Ins, Seguro de Desgravamen | |||||||
| Creditierras | USD 1,000 - 15,000 | 15 - 62 | 20% - 40% | 60% - 80% | Business, Compra, o legalización, o la titularización de la , tierra destinada a la prducción agrícola, pecuaria | Women, Men, Orientado a organizaciones campesinas y/o miembros de organizaciones campesinas | Credit Ins, Seguro de Desgravamen | |||||||
| Credivivienda | USD 1,000 - 25,000 | 8 - 86 | 40% - 60% | 60% - 80% | Housing, Adquisicion, Construccion, Terminacion de vivienda | Women, Men | Credit Ins, Seguro de Desgravamen |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Credidesarrollo | 16.0% annual, Decl Bal | 0 Fees | 0 Ins | None | N/A | 16% | 16% | 100 | ||||||||
| Crediemergente | 14.0%-17.0% annual, Decl Bal | 0 Fees | 0 Ins | None | N/A | 17% | 17% | 82 | ||||||||
| Credimicroempresarial | 11.4%-17.0% annual, Decl Bal | 0 Fees | 0 Ins | None | N/A | 17% | 17% | 67 | ||||||||
| Crediparticular | 14.0% annual, Decl Bal | 0 Fees | 0 Ins | None | N/A | 14% | 14% | 100 | ||||||||
| Creditierras | 12.0%-13.0% annual, Decl Bal | 0 Fees | 0 Ins | None | N/A | 12% | 12% | 100 | ||||||||
| Credivivienda | 10.0%-17.0% annual, Decl Bal | 0 Fees | 0 Ins | None | N/A | 10% - 17% | 10% - 17% | 71 |
| Outstanding portfolio (MZN) | MZN 10,264,710 |
| Portfolio (USD) | USD 331,119.68 |
| Active Clients with Loans | 187 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 20% - 40% |
| 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 | 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 | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Currency | MZN |
| Minimum loan size | MZN 20,000 |
| Maximum loan size | 400,000 |
| Shortest loan term | 2.0 months |
| Longest loan term | 12.0 months |
| Approx average | 4.0 months |
| 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 | x |
| Monthly | |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 4.00% |
| Highest quoted nominal interest | 4.00% |
| Interest rate period | 4 Weeks |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | N/A |
| Is rate fixed for entire loan term | Yes |
| Required for | Some |
| Criteria | Tamanho do emprestimo |
| Is deposit indicated on the repayment schedule? | |
| Do borrowers control deposit in their group? | Yes |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 10.00% |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit |
| Minimum interest rate paid | 0 |
| Maximum interest rate paid | 0 |
| Interest payment frequency | N/A |
| Are taxes charged on this product? | No |
| Key Statistics | |
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| Loan Portfolio (USD) | |
| % Products using declining balance | |
| % Products with one or more fee | |
| % Products with one or more insurances | |
| % Products with compulsory deposits |
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