Hluvuku-Associacao de Desenvolvimeto Socio-Economio De Matutuine - Credito Habitacao e Bens de consumo - MFTransparency.org Truth In Lending Tables

Please note that the information you are viewing is 141 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

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

Download Data

Analyze Data

Product

Credito Habitacao e Bens de consumo Product 3 of 3 « Prev | Next »

Product Details

Key Statistics

Outstanding portfolio (MZN)	MZN 49,490,027.21
Portfolio (USD)	USD 1,627,961.42
Active Clients with Loans	3,066
Approximate % Female Clients	40% - 60%
Approximate % Urban Clients	0% - 20%

Methodology

Individual	x
Solidarity group
Village banking
Self help group	x
Other

Description

Credito para construcao de casa,compra materiais de construccao,melhoria de casa, Compra de Mobilia e equipamentos

Loan Purpose

Any purpose
Income generation	x
Mortgage/housing	x
Consumer loan	x
Agriculture
Education	x
Other household finance	x
Other
Other (2)

Included Services

Credit education	x
Group meetings	x
Credit insurance	x
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	x
Must be a salaried worker	x
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	600,000

Distribution at Disbursement (Est.)

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

Loan Term and Grace Period

Shortest loan term	6.0 months
Longest loan term	18.0 months
Approx average	13.0 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	4.20%
Highest quoted nominal interest	4.20%
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

Credito Habitacao e Bens de consumo samples

	Sample 3	Sample 4	Sample 5	Sample 6
Loan Amount	MZN 8,000	MZN 15,000	MZN 36,500	MZN 60,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known	Not Known
Disbursement Date	2013-03-26	2013-05-14	2013-05-14	2013-03-28
Loan Term (Months)	18.0 months	18.0 months	18.0 months	18.0 months
Grace Period (Months)	0.0 months	0.0 months	0.0 months	0.1 months
Total Cost of Credit	MZN 3,217.73	MZN 6,892.82	MZN 16,701.59	MZN 26,522.73
True Price by Comp
Interest price component	42.9%	48.9%	48.9%	47.0%
Fee Component	0.8%	0.4%	0.1%	0.3%
Insurance Component	2.2%	2.2%	2.2%	2.1%
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)	45.9%	51.5%	51.2%	49.4%
Transparency Index	100	98	98	100

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

Credito Habitacao e Bens de consumo Price Graphs

Click to view Price Analysis Tool

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

	X Axis
	Greater than:
	Less or equal to:
N (# of Samples)
Total Borrrowers of Samples


Avg
Min
Max
Std Dev

By Inst Type


By Country

	X Axis
	Greater than:
	Less or equal to:
	From 0 to
	to
	to
	to ∞