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Institution
Data approved: 2013-09-12
Data version: 1
Age of data: 134 months
Key Statistics
| Outstanding portfolio (MAD) | MAD 4,320,000 |
| Portfolio (USD) | USD 508,235.29 |
| Active Clients with Loans | 239 |
| Approximate % Female Clients | 0% - 20% |
| Approximate % Urban Clients | 80% - 100% |
Methodology
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other | |
Description
ALMILKIA est un crédit individuel permettant de financer l'achat dappartements, de lots de terrain et la construction de logements.
Loan Purpose
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) | |
Included Services
| Credit education | x |
| Group meetings | |
| Credit insurance | |
| Workplace visits | x |
| Business training | x |
| Other training | x |
| Other | |
| Other (2) | |
| No other services | |
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 | 12 |
| # Regions for this product | 12 |
| Regions Active | Tangier-Tétouan, East and the Rif, Fes-Meknes, Rabat-Sale-Kenitra, Beni Mellal-Khenifra, Settat-Casablanca, Marrakesh-Safi, Drâa-Tafilalt, Souss-Massa, Guelmim-Oued NounEl Aiun-Saguia al Hamra, Dakhla-Oued Addahab |
Loan Conditions
Loan Amount
| Currency | MAD |
| Minimum loan size | MAD 3,000 |
| Maximum loan size | 50,000 |
Distribution at Disbursement (Est.)
| Loans less than MAD 5,000 | 0 |
| MAD 5,000-15,000 | 50% |
| MAD 15,000-25,000 | 20% |
| MAD 25,000-35,000 | 15% |
| MAD 35,000-45,000 | 15% |
| Greater than MAD 45,000 | 15% |
Loan Term and Grace Period
| Shortest loan term | 6.0 months |
| Longest loan term | 120.0 months |
| Approx average | 66.0 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 | 0 |
| Between 13 and 18 months | 100% |
| Longer than 18 months | 0 |
Grace Period
| Grace period usage | 0 |
| Average grace period | 0 |
Repayment Frequency
| Daily | |
| Weekly | x |
| Every 2 weeks | x |
| Every 4 weeks | x |
| Monthly | |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments | |
Pricing Information
Interest
| Lowest quoted nominal interest | 1.00% |
| Highest quoted nominal interest | 1.00% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
Upfront Fees
| Fee 1 | | Fee 2 |
|---|
| Description | Frais de dossier | | Commission d'accompagnement solidaire (CAS) |
| % of loan amount - min | 0 | | 1.50% |
| % of loan amount - max | 0 | | 1.50% |
| OR, Fixed amount - min | 125 | | 0 |
| Fixed amount - max | 125 | | 0 |
| Reason for variation | N/A | | N/A |
| Appears on Repayment Sched? | Yes | | 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 |
Additional Comments
Ce produit s'adresse aux micro-entrepreneurs & chefs de ménage n'ayant pas accès aux crédits bancaires, localisés dans les anciennes médinas, les périphériques des villes, les quartiers dits clandestins, les habitats insalubres, etc.
Full Pricing Data
Al Milkia samples
| Sample 3 | | Sample 4 | | Sample 5 | | Sample 6 |
|---|
| Loan Amount | MAD 25,000 | | MAD 30,000 | | MAD 30,000 | | MAD 50,000 |
| Loan Cycle (1, 2, 3, etc) | Not Known | | Not Known | | Not Known | | Not Known |
| Disbursement Date | 2013-06-06 | | 2013-08-04 | | 2013-03-02 | | 2013-07-25 |
| Loan Term (Months) | 74.0 months | | 74.0 months | | 53.0 months | | 74.0 months |
| Grace Period (Months) | 1.0 month | | 1.1 months | | 1.2 months | | 1.5 months |
| Total Cost of Credit | MAD 11,031 | | MAD 13,681 | | MAD 8,161 | | MAD 22,429 |
| True Price by Comp | | | | | | | |
| Interest price component | 12.0% | | 12.3% | | 10.3% | | 12.0% |
| Fee Component | 0.7% | | 0.7% | | 0.9% | | 0.7% |
| Insurance Component | 0.0% | | 0.0% | | 0.0% | | 0.0% |
| Tax Component | 0.0% | | 0.0% | | 0.0% | | 0.0% |
| Deposit Component | 0.0% | | 0.0% | | 0.0% | | 0.0% |
| Full APR (int fee ins tax dep) | 12.7% | | 13.0% | | 11.2% | | 12.7% |
| Transparency Index | 94 | | 92 | | 100 | | 95 |
| | | | | | | | |
| Original Repayment Schedule | PDF | | PDF | | PDF | | PDF |
| MFT Pricing Calculation | PDF | | PDF | | PDF | | PDF |
