Hluvuku-Associacao de Desenvolvimeto Socio-Economio De Matutuine - Comercio & Servicos - MFTransparency.org Truth In Lending Tables

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Institution

Hluvuku-Associacao de Desenvolvimeto Socio-Economio De Matutuine Rua Principal, Bela Vista Parcela 33Bela Vista, Maputo

Data approved: 2013-05-09

Data version: 2

Age of data: 141 months

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Product

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Product Details

Key Statistics

Outstanding portfolio (MZN)	MZN 26,994,560.29
Portfolio (USD)	USD 887,978.96
Active Clients with Loans	1,866
Approximate % Female Clients	60% - 80%
Approximate % Urban Clients	0% - 20%

Methodology

Individual	x
Solidarity group
Village banking
Self help group
Other

Description

Para pequenos agricultores,pescadores,os clientes podem receber servicos complementares sobre a planificacao do negocio

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	x
Credit insurance	x
Workplace visits	x
Business training	x
Other training
Other
Other (2)
No other services

Eligibility

Men	x
Women	x
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 institution	2
# Regions for this product	1
Regions Active	Maputo Province

Loan Conditions

Loan Amount

Currency	MZN
Minimum loan size	MZN 1,500
Maximum loan size	350,000

Distribution at Disbursement (Est.)

Loans less than MZN 5,000	5%
MZN 5,000-10,000	5%
MZN 10,000-20,000	20%
MZN 20,000-40,000	40%
MZN 40,000-60,000	15%
Greater than MZN 60,000	15%

Loan Term and Grace Period

Shortest loan term	4.0 months
Longest loan term	18.0 months
Approx average	8.0 months

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	4.60%
Highest quoted nominal interest	4.60%
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
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

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	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

Ongoing 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

Are taxes charged on this product?

Full Pricing Data

Comercio & Servicos samples

	Sample 3	Sample 4	Sample 5
Loan Amount	MZN 11,000	MZN 15,000	MZN 30,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known
Disbursement Date	2013-03-14	2013-04-23	2013-04-02
Loan Term (Months)	18.0 months	18.0 months	18.0 months
Grace Period (Months)	0.1 months	0.0 months	0.0 months
Total Cost of Credit	MZN 5,313.36	MZN 6,946.19	MZN 15,036.72
True Price by Comp
Interest price component	50.9%	49.5%	53.3%
Fee Component	0.6%	0.5%	0.3%
Insurance Component	2.2%	2.1%	2.2%
Tax Component	0.0%	0.0%	0.0%
Deposit Component	0.0%	0.0%	0.0%
Full APR (int fee ins tax dep)	53.7%	52.1%	55.8%
Transparency Index	100	100	99

Original Repayment Schedule	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF

Comercio & Servicos Price Graphs

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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

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Total Borrrowers of Samples


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