| Outstanding portfolio (ETB) | ETB 8,193,729 |
| Portfolio (USD) | USD 445,311.36 |
| Active Clients with Loans | 2,600 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 0% - 20% |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | Agriculture |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| Credit insurance | |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services |
| 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) |
| Currency | ETB |
| Minimum loan size | ETB 4,200 |
| Maximum loan size | 5,669 |
| Shortest loan term | 24.0 months |
| Longest loan term | 24.0 months |
| Approx average | 24.0 months |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | |
| Every 2 months | |
| Quarterly | |
| Every 6 months | x |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 13.00% |
| Highest quoted nominal interest | 13.00% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | Yes |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | Yes |
| Do borrowers control deposit in their group? |
| % loan amount deposited | 3.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0.30% |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | End Term |
| Minimum interest rate paid | 5.00% |
| Maximum interest rate paid | 5.00% |
| Interest payment frequency | Annually |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | ETB 4,201.94 | ETB 4,201.94 | ETB 4,201.94 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2011-03-22 | 2009-12-30 | 2011-09-27 | ||
| Loan Term (Months) | 24.0 months | 24.0 months | 24.0 months | ||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
| Total Cost of Credit | Not Known | Not Known | Not Known | ||
| True Price by Comp | |||||
| Interest and Fee Component | 13.0% | 13.0% | 13.0% | ||
| Insurance Component | 0.0% | 0.0% | 0.0% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 0.5% | 0.5% | 0.5% | ||
| Full APR (int fee ins tax dep) | 13.4% | 13.5% | 13.5% | ||
| Transparency Index | 97 | 96 | 97 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Institution Type | Non-Governmental Organization |
| Is this institution regulated? | Yes |
| Website address | http://www.fondep.com |
| Year established | 1996 |
| Head of Institution | M. Driss Bennani |
| Regions active | Tangier-Tétouan, East and the Rif, Fes-Meknes, Rabat-Sale-Kenitra, Beni Mellal-Khenifra, Settat-Casablanca, Marrakesh-Safi, Drâa-Tafilalt, Souss-Massa |
| # Branches | 179 |
| Total Portfolio (nat'l) | MAD 905,631,966 |
| Total Portfolio (USD) | USD 106,544,937.20 |
| Active clients with loans | 128,949 |
| Approximate % female clients | 40% - 60% |
| Approximate % urban clients | 40% - 60% |
| Network affiliations | Fédération Nationale des Associations de Microcrédit, Centre Mohammed VI de Soutien à la Microfinance Solidaire, Sanabel, The Smart Campaign |
| Funders | Fond Jaïda, BEI, Banques locales marocaines, SFI |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Attarwij | MAD 3,000 - 30,000 | 3 - 36 | 40% - 60% | 40% - 60% | Business, Agriculture | Women, Men, Have business | Credit Educ | |||||||
| Attajir | MAD 30,000 - 50,000 | 6 - 48 | 20% - 40% | 40% - 60% | Business, Agriculture | Women, Men, Have business | Credit Educ | |||||||
| Attadamoun | MAD 1,000 - 25,000 | 3 - 48 | 60% - 80% | 40% - 60% | Business, Agriculture | Women, Men, Have business | Credit Educ, Group Mtgs | |||||||
| Aqar | MAD 10,000 - 30,000 | 9 - 30 | 60% - 80% | 80% - 100% | Housing | Women, Men, Have business, Have home or land, Fonctionnaires | Credit Educ | |||||||
| Binaa | MAD 8,000 - 40,000 | 6 - 42 | 40% - 60% | 60% - 80% | Housing | Women, Men, Have business, Fonctionnaires | Credit Educ | |||||||
| Islah | MAD 4,000 - 30,000 | 6 - 30 | 40% - 60% | 60% - 80% | Housing | Women, Men, Have business, Fonctionnaires | Credit Educ |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Attarwij | 34.0% annual, Decl Bal | 2 Fees | 0 Ins | None | N/A | 37.3% - 44.6% | 37.3% - 44.6% | 83 | ||||||||
| Attajir | 30.0% annual, Decl Bal | 2 Fees | 0 Ins | None | N/A | 30.6% - 31.7% | 30.6% - 31.7% | 96 | ||||||||
| Attadamoun | 34.5% annual, Decl Bal | 2 Fees | 0 Ins | None | N/A | 38.1% - 42.5% | 38.1% - 42.5% | 85 | ||||||||
| Aqar | 27.0% annual, Decl Bal | 2 Fees | 0 Ins | None | N/A | 29.2% - 30.8% | 29.2% - 30.8% | 90 | ||||||||
| Binaa | 28.5% annual, Decl Bal | 2 Fees | 0 Ins | None | N/A | 30.3% - 30.6% | 30.3% - 30.6% | 93 | ||||||||
| Islah | 28.5% annual, Decl Bal | 2 Fees | 0 Ins | None | N/A | 31% - 34.7% | 31% - 34.7% | 85 |
| 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 |
| Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
|---|---|---|---|---|---|---|---|
