2. ESAF
Please note that the information you are viewing is 144 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. AfricaWorks
Please note that the information you are viewing is 123 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

ESAF Microfinance & Investments (P) LTD NO. 5A, 5th FLOORPURASAWALKAMChennai, Tamil Nadu600084
Data approved: 2010-10-25
Data version: 2
Age of data: -   months 
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Institution

AfricaWorks Fialho de Almeida 69Maputo
Data approved: 2013-05-23
Data version: 2
Age of data: -   months 
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Product

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Product Summary

Number borrowers363
Loan Amount (range)INR 6,000 - 12,000
Loan Term (range)12 - 24
Other Services (text summary)Credit Educ, Group Mtgs
Annual Interest & Method15.0% annual, Flat
FeesNone
InsuranceNone
TaxNone
Comp DepN/A
Range of pricing 
Interest Price ComponentN/A
Fee Component28.2% (Int+Fee)
Insurance Component0
Tax Component Range0
Full APR (int fee ins tax dep)28.2%
Transparency Index (min/max)53 - 54
Transparency Index (average)53

Product Summary

244
MZN 20,000 - 500,000
2 - 12
Credit Educ, Group Mtgs, Tech Asst Visits, Business Training
45.5% annual, Flat
None
None
None
10.0%-15.0% upfront
 
26.0% - 79.8%
0
0
0
76.1% - 78.1%
41 - 92
58

Product Details

Key Statistics
Outstanding portfolio (INR)INR 3,391,515
Portfolio (USD)USD 75,367
Active Clients with Loans363
Approximate % Female Clients80% - 100%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
To meet the cost of construction of hygienic toilets\r
Loan Purpose
Any purpose
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Otherfor sanitation Purposes
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurance
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 worker
Must be specific age group
Household income <60,000 INR
Household income <120,000 INR
Must live in rural area
Must lives in urban area
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 (MZN)MZN 12,780,038.06
Portfolio (USD)USD 420,395.99
Active Clients with Loans244
Approximate % Female Clients20% - 40%
Approximate % Urban Clients80% - 100%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Grande vantagem e o levantamento e por entanto a responsabilidade individual. por entanto mais flexivel
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 insurance
Workplace visitsx
Business trainingx
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 worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution4
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyINR
Minimum loan sizeINR 6,000
Maximum loan size12,000
Loan Term and Grace Period
Shortest loan term12.0 months
Longest loan term24.0 months
Approx average12.0 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
Every 2 weeks
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyMZN
Minimum loan sizeMZN 20,000
Maximum loan size500,000
Distribution at Disbursement (Est.)
Loans less than MZN 5,0000
MZN 5,000-10,0000
MZN 10,000-20,0000
MZN 20,000-40,00030%
MZN 40,000-60,00020%
Greater than MZN 60,00020%
Loan Term and Grace Period
Shortest loan term2.0 months
Longest loan term12.0 months
Approx average6.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less10%
Between 4 and 6 months60%
Between 7 and 9 months10%
Between 10 and 12 months20%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeksx
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest15.00%
Highest quoted nominal interest15.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?N/A
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation
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 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

Pricing Information

Interest
Lowest quoted nominal interest3.50%
Highest quoted nominal interest3.50%
Interest rate period4 Weeks
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
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
CriteriaTamanho do emprestimo
Is deposit indicated on the repayment schedule?Yes
Do borrowers control deposit in their group?Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited10.00% - 15.00%
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
Additional Comments
A AfricaWorks não tem nenhum financiador/Investidor. O valor mínimo das garantias (Poupanças obrigatórias) estipulado para depósito durante o período de reembolso, corresponde a 3%, sem percentágem máxima. Os clientes depositam garantias de acordo com a sua capacidade financeira bem como o valor que prevêm receber no ciclo precedente. Os valores acima são estimados.

Full Pricing Data

Nirmal samples
Sample 1Sample 2Sample 3
Loan AmountINR 10,000INR 10,000INR 10,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2010-04-062010-04-122010-04-14
Loan Term (Months)11.7 months11.7 months11.7 months
Grace Period (Months)1.0 month1.0 month1.0 month
Total Cost of CreditNot KnownNot KnownNot Known
True Price by Comp     
Interest and Fee Component28.2%28.2%28.2%
Insurance Component0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)28.2%28.2%28.2%
MFIN MFI Earning (Annualised)28.2%28.2%28.2%
MFIN Cost to Borrower (Annualised)28.2%28.2%28.2%
Transparency Index535353
MFIN Transparency IndexN/AN/AN/A
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula

Full Pricing Data

Individual samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountMZN 30,000MZN 45,000MZN 50,000MZN 70,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2013-03-252013-04-022013-03-212013-04-23
Loan Term (Months)5.9 months8.0 months4.9 months8.0 months
Grace Period (Months)0.3 months0.5 months0.0 months0.4 months
Total Cost of CreditMZN 6,300MZN 12,600MZN 8,750MZN 19,600
True Price by Comp       
Interest price component66.2%65.2%66.6%66.2%
Fee Component0.0%0.0%0.0%0.0%
Insurance Component0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component11.4%10.9%11.5%11.2%
Full APR (int fee ins tax dep)77.6%76.1%78.1%77.4%
Transparency Index59605859
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
Nirmal Price Graphs
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.OtherInstitution TypeOtherLoan PurposeESAFInstitutionIN-025-V02-P04ProductINCountry2010YearRange Number2Institution Data Version02,0004,0006,0008,00010,000Loan Size (all)0%10%20%30%Full APR (int fee ins tax dep)> 1009010Number of Borrowers** Note: not all bubble sizes in this graph represent number of borrowers, as some samples do not have this data available. These bubbles are shown as a uniform small size. The pop-up text on each bubble will indicate the product scale and the sample scale.
Click to view Price Analysis Tool
Individual Price Graphs
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.NGOInstitution TypeBusinessLoan PurposeAfricaWorksInstitutionMZ-001-V02-P03ProductMZCountry2013YearRange Number2Institution Data Version020,00040,00060,000Loan Size (all)0%20%40%60%80%Full APR (int fee ins tax dep)> 90405Number of Borrowers
Click to view Price Analysis Tool
Caps / Zoom options
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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