Provide adequated and sustainable financial services exclusively to low-income individuals and small business enterprises, traditionally excluded from the traditional financial system, using differentiated products, processes and management.
Current Status
on going started with USD 5.781,25 but currently has a Portfolio of USD 8.156,25 – Capital & Interest, referring to 52 Customers.
Market
low-income individuals and small business enterprises, traditionally excluded from the traditional financial system in Maputo City and around.
Problem or Opportunity
Difficulty in obtaining local financing at attractive rates.
Much demand and potential for expansion of its activity, thus satisfying the ever-increasing demand for its services.
Competitors
highly competitive sector. with new entrants almost always and also few survive due to lack of resources and associated with this the high costs related to this activity.
Advantages or differentiators
response time,
differentiated service,
flexible disbursement.
moderate communication
Price
Finance
rates in the current market are around 25 - 44% per month.
Our pricing varies between 10 - 25% depending on the associated risk and the purpose of the loan.
Loan terms
12 months
Interest rate, %
15
Type of pledge
Another
Pledge and assets
mortgage promise of property under construction
Pledge on land use and benefit rights
Business model
Please see the Presentation in attach.
Solution (product or service)
MBOX MICRO-CRÉDITO is dedicated to providing adequate and sustainable financial services exclusively to low-income individuals and small business enterprises, traditionally excluded from the traditional financial system, using differentiated products, processes and management.