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Institution
Data approved: 2013-05-13
Data version: 1
Age of data: 128 months
Key Statistics
| Outstanding portfolio (MAD) | MAD 718,781,886 |
| Portfolio (USD) | USD 84,562,574.82 |
| Active Clients with Loans | 98,244 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 40% - 60% |
Methodology
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other | |
Description
Ce produit est destiné aux clients micro-entrepreneurs qui désirent développer leurs activité en se basant sur un financement individuel adapté à leurs besoins.
Loan Purpose
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | x |
| Education | |
| Other household finance | |
| Other | |
| Other (2) | |
Included Services
| Credit education | x |
| Group meetings | |
| Credit insurance | |
| Workplace visits | |
| Business training | |
| Other training | |
| 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 | 9 |
| # Regions for this product | 9 |
| Regions Active | Tangier-Tétouan, East and the Rif, Fes-Meknes, Rabat-Sale-Kenitra, Beni Mellal-Khenifra, Settat-Casablanca, Marrakesh-Safi, Drâa-Tafilalt, Souss-Massa |
Loan Conditions
Loan Amount
| Currency | MAD |
| Minimum loan size | MAD 3,000 |
| Maximum loan size | 30,000 |
Distribution at Disbursement (Est.)
| Loans less than MAD 5,000 | 30% |
| MAD 5,000-15,000 | 60% |
| MAD 15,000-25,000 | 5% |
| 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 | 3.0 months |
| Longest loan term | 36.0 months |
| Approx average | 17.0 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 | 40% |
| Between 13 and 18 months | 40% |
| Longer than 18 months | 20% |
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 | 34.00% |
| Highest quoted nominal interest | 34.00% |
| Interest rate period | Yearly |
| 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 | | Frais de Carnet |
| % of loan amount - min | 2.50% | | 0 |
| % of loan amount - max | 2.50% | | 0 |
| OR, Fixed amount - min | 0 | | 10 |
| Fixed amount - max | 0 | | 10 |
| Reason for variation | N/D | | N/A |
| Appears on Repayment Sched? | Yes | | No |
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
MAD 50 membership fee for new clients + MAD 10 passbook fee (passbook is always kept by the client)
Full Pricing Data
Attarwij samples
| Sample 1 | | Sample 2 | | Sample 3 | | Sample 4 | | Sample 5 |
|---|
| Loan Amount | MAD 3,087.18 | | MAD 3,600 | | MAD 5,138.46 | | MAD 5,138.46 | | MAD 30,779.49 |
| Loan Cycle (1, 2, 3, etc) | Not Known | | Not Known | | Not Known | | Not Known | | Not Known |
| Disbursement Date | 2014-02-21 | | 2014-02-14 | | 2014-02-13 | | 2014-02-21 | | 2014-02-21 |
| Loan Term (Months) | 6.0 months | | 12.0 months | | 6.0 months | | 12.0 months | | 18.0 months |
| Grace Period (Months) | -0.1 months | | -0.1 months | | -0.1 months | | -0.1 months | | -0.1 months |
| Total Cost of Credit | MAD 402 | | MAD 808 | | MAD 664 | | MAD 1,144 | | MAD 9,726 |
| True Price by Comp | | | | | | | | | |
| Interest price component | 34.3% | | 34.3% | | 34.5% | | 34.1% | | 33.8% |
| Fee Component | 10.3% | | 5.5% | | 9.8% | | 5.4% | | 3.5% |
| 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) | 44.6% | | 39.8% | | 44.3% | | 39.5% | | 37.3% |
| Transparency Index | 76 | | 85 | | 77 | | 86 | | 91 |
| | | | | | | | | | |
| Original Repayment Schedule | PDF | | PDF | | PDF | | PDF | | PDF |
| MFT Pricing Calculation | PDF | | PDF | | PDF | | PDF | | PDF |
