2. AfricaWorks
Please note that the information you are viewing is 122 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. AfricaWorks
Please note that the information you are viewing is 122 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

AfricaWorks Fialho de Almeida 69Maputo
Data approved: 2013-05-23
Data version: 2
Age of data: -   months 
Choose version

Institution

AfricaWorks Fialho de Almeida 69Maputo
Data approved: 2013-05-23
Data version: 2
Age of data: -   months 
Choose version

Product

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Product Summary

Number borrowers4,212
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 & Method52.0% annual, Flat
FeesNone
InsuranceNone
TaxNone
Comp Dep10.0%-20.0% upfront
Range of pricing 
Interest Price Component26.0% - 79.8%
Fee Component0
Insurance Component0
Tax Component Range0
Full APR (int fee ins tax dep)77.5% - 109.0%
Transparency Index (min/max)41 - 92
Transparency Index (average)55

Product Summary

196
MZN 10,000 - 60,000
4 - 6
Credit Educ, Group Mtgs, Tech Asst Visits, Business Training
52.0% annual, Flat
None
None
None
15.0%-30.0% upfront
 
26.0% - 79.8%
0
0
0
89.3% - 126.5%
41 - 92
46

Product Details

Key Statistics
Outstanding portfolio (MZN)MZN 28,654,350.65
Portfolio (USD)USD 942,577.32
Active Clients with Loans4,212
Approximate % Female Clients60% - 80%
Approximate % Urban Clients60% - 80%
Methodology
Individual
Solidarity group
Village bankingx
Self help group
Other
Description
Isento de garantias fisicas; Benefecia micro-negociantes; Numero de membros igual ou superior a 10; A responsabilidade e solidaria tanto na seleio de clientes, como nos reembolsos
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurance
Workplace visitsx
Business trainingx
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
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 institution4
# Regions for this productN/A
Regions Active

Product Details

Key Statistics
Outstanding portfolio (MZN)MZN 4,009,807
Portfolio (USD)USD 131,901.55
Active Clients with Loans196
Approximate % Female Clients40% - 60%
Approximate % Urban Clients60% - 80%
Methodology
Individual
Solidarity group
Village bankingx
Self help group
Other
Description
Para ter acesso precisa passar pelo produto do grupo comunitario.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurance
Workplace visitsx
Business trainingx
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
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 institution4
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyMZN
Minimum loan sizeMZN 3,000
Maximum loan size30,000
Distribution at Disbursement (Est.)
Loans less than MZN 5,00030%
MZN 5,000-10,00030%
MZN 10,000-20,00030%
MZN 20,000-40,00010%
MZN 40,000-60,0000
Greater than MZN 60,0000
Loan Term and Grace Period
Shortest loan term4.0 months
Longest loan term6.0 months
Approx average4.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months100%
Between 7 and 9 months0
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeksx
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyMZN
Minimum loan sizeMZN 10,000
Maximum loan size60,000
Distribution at Disbursement (Est.)
Loans less than MZN 5,0000
MZN 5,000-10,0000
MZN 10,000-20,00030%
MZN 20,000-40,00040%
MZN 40,000-60,00030%
Greater than MZN 60,00030%
Loan Term and Grace Period
Shortest loan term4.0 months
Longest loan term6.0 months
Approx average4.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months100%
Between 7 and 9 months0
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeksx
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest4.00%
Highest quoted nominal interest4.00%
Interest rate period4 Weeks
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
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 forSome
CriteriaN/A
Is deposit indicated on the repayment schedule?Yes
Do borrowers control deposit in their group?Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited10.00% - 20.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid0
Maximum interest rate paid0
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No
Additional Comments
A AfricaWorks não tem nenhum financiador/Investidor. O valor mínimo das garantias (Poupanças obrigatórias) estipulado para depósito durante o período de reembolso, corresponde a 3%, sem percentágem máxima. Os clientes depositam garantias de acordo com a sua capacidade financeira bem como o valor que prevêm receber no ciclo precedente. Os valores acima são estimados.

Pricing Information

Interest
Lowest quoted nominal interest4.00%
Highest quoted nominal interest4.00%
Interest rate period4 Weeks
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
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 forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?Yes
Do borrowers control deposit in their group?Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited15.00% - 30.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid0
Maximum interest rate paid0
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No
Additional Comments
A AfricaWorks não tem nenhum financiador/Investidor. O valor mínimo das garantias (Poupanças obrigatórias) estipulado para depósito durante o período de reembolso, corresponde a 3%, sem percentágem máxima. Os clientes depositam garantias de acordo com a sua capacidade financeira bem como o valor que prevêm receber no ciclo precedente. Os valores acima são estimados.

Full Pricing Data

Grupo Comunitario samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountMZN 3,000MZN 7,000MZN 15,000MZN 30,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2013-04-162013-04-102013-04-162013-03-20
Loan Term (Months)3.8 months3.7 months3.8 months3.8 months
Grace Period (Months)0.0 months-0.1 months0.0 months0.0 months
Total Cost of CreditMZN 480MZN 1,120MZN 2,400MZN 4,800
True Price by Comp       
Interest price component77.5%78.7%77.5%77.5%
Fee Component0.0%0.0%0.0%0.0%
Insurance Component0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component0.0%13.4%21.5%31.5%
Full APR (int fee ins tax dep)77.5%92.1%99.0%109.0%
Transparency Index67565348
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF

Full Pricing Data

Especial samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountMZN 15,000MZN 30,000MZN 40,000MZN 60,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2013-03-262013-03-272013-04-102013-03-22
Loan Term (Months)4.0 months3.7 months3.7 months3.9 months
Grace Period (Months)0.2 months-0.1 months-0.1 months0.1 months
Total Cost of CreditMZN 2,400MZN 4,800MZN 6,400MZN 9,600
True Price by Comp       
Interest price component70.6%79.8%78.7%73.3%
Fee Component0.0%0.0%0.0%0.0%
Insurance Component0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component18.7%32.9%44.5%53.2%
Full APR (int fee ins tax dep)89.3%112.7%123.2%126.5%
Transparency Index58464241
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
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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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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