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Institution
Data approved: 2013-05-13
Data version: 1
Age of data: 134 months
Key Statistics
| Outstanding portfolio (MAD) | MAD 3,566,187 |
| Portfolio (USD) | USD 419,551.41 |
| Active Clients with Loans | 946 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 0% - 20% |
Methodology
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other | |
Description
Ce produit est destiné aux activités plus structurées pour satisfaire un besoin financier plus élevé . Ce produit est destiné aux artisans , commerçants ,agriculteurs et pourvoyeurs de services.
Loan Purpose
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | x |
| Education | |
| Other household finance | |
| Other | |
| Other (2) | |
Included Services
| Credit education | |
| Group meetings | |
| Credit insurance | |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services | x |
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 | 2 |
| # Regions for this product | 2 |
| Regions Active | Beni Mellal-Khenifra, Drâa-Tafilalt |
Loan Conditions
Loan Amount
| Currency | MAD |
| Minimum loan size | MAD 1,500 |
| Maximum loan size | 50,000 |
Distribution at Disbursement (Est.)
| Loans less than MAD 5,000 | 30% |
| MAD 5,000-15,000 | 50% |
| MAD 15,000-25,000 | 15% |
| MAD 25,000-35,000 | 5% |
| MAD 35,000-45,000 | 0 |
| Greater than MAD 45,000 | 0 |
Loan Term and Grace Period
| Shortest loan term | 4.0 months |
| Longest loan term | 36.0 months |
| Approx average | 18.0 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 | 10% |
| Between 13 and 18 months | 20% |
| Longer than 18 months | 70% |
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 | 1.50% |
| Highest quoted nominal interest | 1.70% |
| Reason(s) why interest rate varies | Loan Size |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
Upfront Fees
| Fee 1 |
|---|
| Description | Frais de dossier |
| % of loan amount - min | 1.00% |
| % of loan amount - max | 1.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | Les frais de dossier payés par le client ne peuvent dépasser MAD 200. |
| Appears on Repayment Sched? | Yes |
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 |
Full Pricing Data
Produit Individuel samples
| Sample 1 | | Sample 2 | | Sample 3 | | Sample 4 | | Sample 5 |
|---|
| Loan Amount | MAD 2,500 | | MAD 5,000 | | MAD 9,000 | | MAD 20,000 | | MAD 25,000 |
| Loan Cycle (1, 2, 3, etc) | Not Known | | Not Known | | Not Known | | Not Known | | Not Known |
| Disbursement Date | 2013-02-08 | | 2013-04-04 | | 2013-04-18 | | 2011-07-15 | | 2013-03-15 |
| Loan Term (Months) | 12.0 months | | 12.0 months | | 12.0 months | | 24.0 months | | 24.0 months |
| Grace Period (Months) | -0.1 months | | 0.0 months | | 0.0 months | | 0.0 months | | 0.0 months |
| Total Cost of Credit | MAD 535 | | MAD 1,070 | | MAD 1,926 | | MAD 7,400 | | MAD 9,200 |
| True Price by Comp | | | | | | | | | |
| Interest price component | 35.6% | | 35.2% | | 35.2% | | 30.9% | | 31.0% |
| Fee Component | 1.9% | | 1.9% | | 1.9% | | 1.1% | | 0.8% |
| Insurance Component | 0.0% | | 0.0% | | 0.0% | | 0.0% | | 0.0% |
| Tax Component | 0.0% | | 0.0% | | 0.0% | | 0.0% | | 0.0% |
| Deposit Component | 0.0% | | 0.0% | | 0.0% | | 0.0% | | 0.0% |
| Full APR (int fee ins tax dep) | 37.5% | | 37.1% | | 37.1% | | 32.0% | | 31.8% |
| Transparency Index | 48 | | 48 | | 48 | | 56 | | 57 |
| | | | | | | | | | |
| Original Repayment Schedule | PDF | | PDF | | PDF | | PDF | | PDF |
| MFT Pricing Calculation | PDF | | PDF | | PDF | | PDF | | PDF |
Produit Individuel Price Graphs
