2. ARDI
Please note that the information you are viewing is 139 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. FUNDAMIC
Please note that the information you are viewing is 175 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Fondation ARDI pour le microcrédit Angle avenue HassaII et rue TranTémara-centreRabat212
Data approved: 2013-05-13
Data version: 1
Age of data: 139 months

Institution

FUNDACION DE AYUDA MICROEMPRESARIAL Av. 12 de Octubre N 18-42 y Queseras del MedioQuito, Pichincha
Data approved: 2010-11-08
Data version: 1
Age of data: 175 months

Product

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Product

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Product Summary

Number borrowers2,802
Loan Amount (range)MAD 5,000 - 50,000
Loan Term (range)3 - 48
Other Services (text summary)Credit Educ, Credit Ins, Tech Asst Visits, Business Training, Other Training
Annual Interest & Method21.6% annual, Flat
Fees1.00%-0.00% 100.00-500.00 upfront
Insurance0.04%-1.99% upfront
TaxNone
Comp DepN/A
Range of pricing 
Interest Price Component35.1% - 41.9%
Fee Component0.3% - 9.4%
Insurance Component0.1% - 2.0%
Tax Component Range0
Full APR (int fee ins tax dep)35.5% - 41.9%
Transparency Index (min/max)46 - 61
Transparency Index (average)56

Product Summary

860
USD 600 - 3,000
3 - 24
Group Mtgs, Credit Ins, Tech Asst Visits, Business Training
13.0%-29.1% annual, Decl Bal
3.00% upfront
None
None
N/A
 
N/A
29.5% (Int+Fee)
7.2% - 11.0%
0
36.7% - 37.4%
35 - 62
35

Product Details

Key Statistics
Outstanding portfolio (MAD)MAD 25,387,792
Portfolio (USD)USD 2,986,799.06
Active Clients with Loans2,802
Approximate % Female Clients20% - 40%
Approximate % Urban Clients20% - 40%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Prêt à destination des clients individuels, porteur de projet viable, assorti d'un garant
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetings
Credit insurancex
Workplace visitsx
Business trainingx
Other trainingx
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
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 institution12
# Regions for this product12
Regions ActiveTangier-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

Product Details

Key Statistics
Outstanding portfolio (USD)USD 1,122,574
Portfolio (USD)USD 1,122,574
Active Clients with Loans860
Approximate % Female Clients60% - 80%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Crédito para personas con negocio y 8 meses en el mercado. Se requiere un garante y copias de los documentos legales básicos. Debe ser visitado por un asesor u oficial de crédito en el negocio y el hogar.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
OtherCapital de Trabajo
Other (2)
Included Services
Credit education
Group meetingsx
Credit insurancex
Workplace visitsx
Business trainingx
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
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 institutionN/A
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyMAD
Minimum loan sizeMAD 5,000
Maximum loan size50,000
Distribution at Disbursement (Est.)
Loans less than MAD 5,0005%
MAD 5,000-15,00050%
MAD 15,000-25,00030%
MAD 25,000-35,00010%
MAD 35,000-45,0005%
Greater than MAD 45,0005%
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term48.0 months
Approx average24.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months10%
Between 10 and 12 months30%
Between 13 and 18 months30%
Longer than 18 months30%
Grace Period
Grace period usage10%
Average grace period2.0 months
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyUSD
Minimum loan sizeUSD 600
Maximum loan size3,000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term24.0 months
Approx average7.5 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
Every 2 weeksx
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest1.80%
Highest quoted nominal interest1.80%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionFrais de dossier
% of loan amount - min1.00%
% of loan amount - max0
OR, Fixed amount - min100
Fixed amount - max500
Reason for variation1% du prêt avec un minimum de MAD 50
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionFrais d'assurance décés-invalidité totale
% of loan amount - min0.04%
% of loan amount - max1.99%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationReason for variation not provided
Appears on Repayment Sched?Yes
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/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 depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Pricing Information

Interest
Lowest quoted nominal interest13.00%
Highest quoted nominal interest29.10%
Reason(s) why interest rate variesLoan Size, Client Risk
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionSeguro de Desgravamen
% of loan amount - min3.00%
% of loan amount - max3.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/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 depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Full Pricing Data

Crédit Individuel samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountMAD 5,000MAD 10,000MAD 20,000MAD 30,000MAD 40,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2013-05-102013-04-112013-05-132013-04-052013-04-22
Loan Term (Months)12.0 months18.0 months18.0 months48.0 months36.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditMAD 1,216MAD 3,392MAD 6,784MAD 26,544MAD 26,716
True Price by Comp         
Interest price component38.3%38.0%37.8%35.1%36.3%
Fee Component1.6%1.0%1.1%0.3%0.5%
Insurance Component2.0%0.2%0.2%0.1%0.1%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)41.9%39.2%39.1%35.5%36.9%
Transparency Index5255556159
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF

Full Pricing Data

CREDITO INDIVIDUAL samples
Sample 1Sample 2
Loan AmountUSD 1,030USD 1,545
Loan Cycle (1, 2, 3, etc)Not KnownNot Known
Disbursement Date2010-07-142010-05-13
Loan Term (Months)10.0 months9.0 months
Grace Period (Months)0.0 months0.0 months
Total Cost of CreditNot KnownNot Known
True Price by Comp   
Interest and Fee Component29.5%29.5%
Insurance Component7.2%7.9%
Tax Component0.0%0.0%
Deposit Component0.0%0.0%
Full APR (int fee ins tax dep)36.7%37.4%
Transparency Index3535
    
Original Repayment SchedulePDFPDF
MFT Pricing CalculationPDFPDF
Crédit Individuel Price Graphs
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.NBFIInstitution TypeBusinessLoan PurposeARDIInstitutionMA-006-V01-P02ProductMACountry2013YearRange Number1Institution Data Version010,00020,00030,00040,000Loan Size (all)0%10%20%30%40%Full APR (int fee ins tax dep)> 1,4001,00070030030Number of Borrowers
Click to view Price Analysis Tool
CREDITO INDIVIDUAL Price Graphs
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.NGOInstitution TypeBusinessLoan PurposeFUNDAMICInstitutionEC-030-V01-P02ProductECCountry2010YearRange Number1Institution Data Version05001,0001,500Loan Size (all)0%10%20%30%40%Full APR (int fee ins tax dep)> 40020020Number of Borrowers** Note: not all bubble sizes in this graph represent number of borrowers, as some samples do not have this data available. These bubbles are shown as a uniform small size. The pop-up text on each bubble will indicate the product scale and the sample scale.
Click to view Price Analysis Tool
Caps / Zoom options
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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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