Number borrowers | 5,679 |
Loan Amount (range) | MZN 3,000 - 30,000 |
Loan Term (range) | 4 - 6 |
Other Services (text summary) | Credit Educ, Group Mtgs, Tech Asst Visits, Business Training |
Annual Interest & Method | 52.0% annual, Flat |
Fees | None |
Insurance | None |
Tax | None |
Comp Dep | 10.0%-20.0% upfront |
Range of pricing | |
Interest Price Component | 71.3% - 82.2% |
Fee Component | 0 |
Insurance Component | 0 |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 83.0% - 105.8% |
Transparency Index (min/max) | 49 - 63 |
Transparency Index (average) | 55 |
364 |
KES 5,000 - 1,000,000 |
3 - 24 |
Credit Educ, Group Mtgs, Credit Ins, Business Training, Other Training, Leadership Training |
21.0% annual, Flat |
None |
None |
None |
N/A |
33.6% - 40.3% |
0 - 10.6% |
0 - 4.1% |
0 |
37.8% - 38.2% |
24 - 56 |
55 |
Outstanding portfolio (MZN) | MZN 39,944,556.50 |
Portfolio (USD) | USD 1,181,791.61 |
Active Clients with Loans | 5,679 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 60% - 80% |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | |
Workplace visits | x |
Business training | x |
Other training | |
Other | |
Other (2) | |
No other services |
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 | x |
Other | |
Other (2) |
# Regions for this institution | 6 |
# Regions for this product | 6 |
Regions Active | Maputo Capital, Maputo Province, Inhambane, Gaza, Manica, Tete |
Outstanding portfolio (KES) | KES 13,049,704.15 |
Portfolio (USD) | USD 157,605.12 |
Active Clients with Loans | 364 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 20% - 40% |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | x |
Workplace visits | |
Business training | x |
Other training | x |
Other | Leadership Training |
Other (2) | |
No other services |
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 | x |
Other | |
Other (2) |
Currency | MZN |
Minimum loan size | MZN 3,000 |
Maximum loan size | 30,000 |
Loans less than MZN 5,000 | 30% |
MZN 5,000-10,000 | 30% |
MZN 10,000-20,000 | 30% |
MZN 20,000-40,000 | 10% |
MZN 40,000-60,000 | 0 |
Greater than MZN 60,000 | 0 |
Shortest loan term | 4.0 months |
Longest loan term | 6.0 months |
Approx average | 4.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 100% |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 0 |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | x |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Currency | KES |
Minimum loan size | KES 5,000 |
Maximum loan size | 1,000,000 |
Loans less than KES 50,000 | 20% |
KES 50,000-150,000 | 50% |
KES 150,000-250,000 | 30% |
KES 250,000-350,000 | 0 |
KES 350,000-450,000 | 0 |
Greater than KES 450,000 | 0 |
Shortest loan term | 3.0 months |
Longest loan term | 24.0 months |
Approx average | 12.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 10% |
Between 7 and 9 months | 10% |
Between 10 and 12 months | 40% |
Between 13 and 18 months | 40% |
Longer than 18 months | 0 |
Grace period usage | 100% |
Average grace period | 1.0 month |
Daily | |
Weekly | |
Every 2 weeks | x |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 4.00% |
Highest quoted nominal interest | 4.00% |
Interest rate period | 4 Weeks |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Required for | Some |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | Yes |
Do borrowers control deposit in their group? | Yes |
% loan amount deposited | 10.00% - 20.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | End Term |
Minimum interest rate paid | 0 |
Maximum interest rate paid | 0 |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
Lowest quoted nominal interest | 21.00% |
Highest quoted nominal interest | 21.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Required for | Never |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | N/A |
Do borrowers control deposit in their group? | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
Conditions on access to deposit | N/A |
Minimum interest rate paid | N/A |
Maximum interest rate paid | N/A |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
Type of Sample |
Grace Period (Months) |
Full APR (int fee ins tax dep) |
True Price by Component |
|||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Interest price component |
Fee Component |
Insurance Component |
Tax Component |
Deposit Component |
||||||||||
MZN 5,000 | Real | 2015-02-12 | 3.9 months | N/A | MZN 800 | 83.0% | 71.3% | 0.0% | 0.0% | 0.0% | 11.7% | 63 | ||
MZN 5,000 | Generated | 2015-03-01 | 3.7 months | N/A | MZN 736.44 | 85.3% | 72.7% | 0.0% | 0.0% | 0.0% | 12.6% | 61 | - | |
MZN 5,000 | Real | 2015-02-12 | 3.9 months | N/A | MZN 800 | 83.0% | 71.3% | 0.0% | 0.0% | 0.0% | 11.7% | 63 | ||
MZN 5,000 | Generated | 2015-03-01 | 3.7 months | N/A | MZN 736.44 | 85.3% | 72.7% | 0.0% | 0.0% | 0.0% | 12.6% | 61 | - | |
MZN 3,000 | Generated | 2015-03-01 | 5.5 months | N/A | MZN 718.03 | 96.6% | 82.2% | 0.0% | 0.0% | 0.0% | 14.4% | 54 | - | |
MZN 12,000 | Generated | 2015-03-01 | 5.5 months | N/A | MZN 2,872.11 | 105.8% | 82.2% | 0.0% | 0.0% | 0.0% | 23.6% | 49 | - | |
MZN 16,500 | Generated | 2015-03-01 | 5.5 months | N/A | MZN 3,949.15 | 105.8% | 82.2% | 0.0% | 0.0% | 0.0% | 23.6% | 49 | - | |
MZN 21,000 | Generated | 2015-03-01 | 5.5 months | N/A | MZN 5,026.19 | 105.8% | 82.2% | 0.0% | 0.0% | 0.0% | 23.6% | 49 | - | |
MZN 26,000 | Generated | 2015-03-01 | 5.5 months | N/A | MZN 6,222.90 | 105.8% | 82.2% | 0.0% | 0.0% | 0.0% | 23.6% | 49 | - | |
MZN 30,000 | Generated | 2015-03-01 | 3.7 months | N/A | MZN 4,786.85 | 100.4% | 78.5% | 0.0% | 0.0% | 0.0% | 21.9% | 52 | - |
Sample 2 | Sample 3 | Sample 4 | Sample 5 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | KES 24,520 | KES 50,000 | KES 100,000 | KES 159,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2013-08-05 | 2013-09-05 | 2013-06-13 | 2013-08-22 | |||
Loan Term (Months) | 12.0 months | 12.0 months | 12.0 months | 17.0 months | |||
Grace Period (Months) | 0.5 months | 0.5 months | 0.5 months | 0.5 months | |||
Total Cost of Credit | KES 5,160 | KES 10,512 | KES 21,000 | KES 50,085 | |||
True Price by Comp | |||||||
Interest price component | 37.9% | 37.8% | 37.8% | 38.2% | |||
Fee Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
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) | 37.9% | 37.8% | 37.8% | 38.2% | |||
Transparency Index | 55 | 55 | 56 | 55 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
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 |
---|---|---|---|---|---|---|---|