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Institution
Data approved: 2013-05-23
Data version: 2
Age of data: - months
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
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 Must own a home or land Must be a salaried worker Must be specific age group Other Other (2)
Portfolio Size by Product
Geographic Coverage
# Regions for this institution 4 # Regions for this product N/A Regions Active
Loan Conditions
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
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
Pricing Information
Interest
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
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
Required for Some Criteria N/A Is deposit indicated on the repayment schedule? Yes Do borrowers control deposit in their group? Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited 10.00% - 20.00% or, Fixed-amount deposited 0
Deposits DURING period payments
% loan amount deposited 0 or, Fixed-amount deposited 0 Conditions on access to deposit End Term
Interest Paid on Deposit
Minimum interest rate paid 0 Maximum interest rate paid 0 Interest payment frequency N/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 sample s
Sample 1Sample 2Sample 3Sample 4Loan Amount MZN 3,000 MZN 7,000 MZN 15,000 MZN 30,000 Loan Cycle (1, 2, 3, etc)Not Known Not Known Not Known Not Known Disbursement Date 2013-04-16 2013-04-10 2013-04-16 2013-03-20 Loan Term (Months) 3.8 months 3.7 months 3.8 months 3.8 months Grace Period (Months)0.0 months -0.1 months 0.0 months 0.0 months Total Cost of Credit MZN 480 MZN 1,120 MZN 2,400 MZN 4,800 True Price by Comp Interest price component 77.5% 78.7% 77.5% 77.5% 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% 13.4% 21.5% 31.5% Full APR (int fee ins tax dep)77.5% 92.1% 99.0% 109.0% Transparency Index 67 56 53 48 Original Repayment Schedule PDF PDF PDF PDF MFT Pricing Calculation PDF PDF PDF PDF
Grupo Comunitario Price Graphs
0 100 Pricing Transparency Index Regulated Inst. Not Regulated Inst. NGO Institution Type Business Loan Purpose AfricaWorks Institution MZ-001-V02-P02 Product MZ Country 2013 Year Range Number 2 Institution Data Version 0 5,000 10,000 15,000 20,000 25,000 30,000 Loan Size (all) 0% 50% 100% Full APR (int fee ins tax dep) > 1,200 900 600 300 30 Number of Borrowers
