| Number borrowers | 21 |
| Loan Amount (range) | INR 16,000 - 100,000 |
| Loan Term (range) | 18 - 36 |
| Other Services (text summary) | Credit Educ, Credit Ins |
| Annual Interest & Method | 15.0% annual, Flat |
| Fees | 3.00% upfront |
| Insurance | None |
| Tax | None |
| Comp Dep | N/A |
| Range of pricing | |
| Interest Price Component | |
| Fee Component | |
| Insurance Component | |
| Tax Component Range | |
| Full APR (int fee ins tax dep) | 0 |
| Transparency Index (min/max) | |
| Transparency Index (average) | N/A |
| 450 |
| MZN 1,500 - 200,000 |
| 6 - 18 |
| Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Other Training |
| 34.8% annual, Decl Bal |
| 50.00-900.00 upfront |
| 1.50% upfront |
| None |
| N/A |
| 30.1% - 53.3% |
| 0.1% - 0.8% |
| 2.0% - 2.2% |
| 0 |
| 32.5% - 37.0% |
| 94 - 110 |
| 100 |
| Outstanding portfolio (INR) | INR 411,998 |
| Portfolio (USD) | USD 9,155.51 |
| Active Clients with Loans | 21 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 0% - 20% |
| Any purpose | x |
| Income generation | |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| 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 | |
| Must own a home or land | |
| Must be a salaried worker | x |
| 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) |
| Outstanding portfolio (MZN) | MZN 13,497,280.15 |
| Portfolio (USD) | USD 443,989.48 |
| Active Clients with Loans | 450 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 0% - 20% |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | x |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | x |
| Business training | |
| Other training | x |
| Other | |
| Other (2) | |
| No other services |
| Men | x |
| Women | x |
| Must run a business | x |
| Must own a home or land | x |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | 2 |
| # Regions for this product | 1 |
| Regions Active | Maputo Province |
| Currency | INR |
| Minimum loan size | INR 16,000 |
| Maximum loan size | 100,000 |
| Shortest loan term | 18.0 months |
| Longest loan term | 36.0 months |
| Approx average | 18.0 months |
| Grace period usage | 70% |
| 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 |
| Currency | MZN |
| Minimum loan size | MZN 1,500 |
| Maximum loan size | 200,000 |
| Loans less than MZN 5,000 | 5% |
| MZN 5,000-10,000 | 5% |
| MZN 10,000-20,000 | 5% |
| MZN 20,000-40,000 | 20% |
| MZN 40,000-60,000 | 5% |
| Greater than MZN 60,000 | 5% |
| Shortest loan term | 6.0 months |
| Longest loan term | 18.0 months |
| Approx average | 13.0 months |
| Grace period usage | 10% |
| Average grace period | 5.0 months |
| Daily | |
| Weekly | |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | x |
| Irregular payments |
| Lowest quoted nominal interest | 15.00% |
| Highest quoted nominal interest | 15.00% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | N/A |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Loan Processing Fees |
| % of loan amount - min | 3.00% |
| % of loan amount - max | 3.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | |
| Appears on Repayment Sched? | Yes |
| Ins 1 | |
|---|---|
| Description | Administrative Charges for Insurance Rs 10 per Rs 1000 sum assured per year |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 480 |
| Fixed amount - max | 1,000 |
| Reason for variation | |
| 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 |
| Lowest quoted nominal interest | 2.90% |
| Highest quoted nominal interest | 2.90% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Taxa de Inscrição |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 50 |
| Fixed amount - max | 900 |
| Reason for variation | os creditos maiores de 50.000,00 MZN pagam a taxa de inscricao de 0.15% em do emprestimo |
| Appears on Repayment Sched? | Yes |
| Ins 1 | |
|---|---|
| Description | Seguro para cubrir morte do cliente |
| % of loan amount - min | 1.50% |
| % of loan amount - max | 1.50% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| 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 4 | Sample 5 | Sample 6 | |||
|---|---|---|---|---|---|
| Loan Amount | MZN 12,000 | MZN 30,000 | MZN 60,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2013-04-23 | 2013-04-17 | 2013-03-12 | ||
| Loan Term (Months) | 18.0 months | 18.0 months | 18.0 months | ||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
| Total Cost of Credit | MZN 3,363.16 | MZN 9,565.53 | MZN 16,576.15 | ||
| True Price by Comp | |||||
| Interest price component | 30.4% | 34.7% | 30.1% | ||
| Fee Component | 0.5% | 0.3% | 0.4% | ||
| Insurance Component | 2.1% | 2.0% | 2.0% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 0.0% | 0.0% | 0.0% | ||
| Full APR (int fee ins tax dep) | 33.0% | 37.0% | 32.5% | ||
| Transparency Index | 100 | 94 | 100 | ||
| 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 |
|---|---|---|---|---|---|---|---|
