Photo - MBOX MICRO-CRÉDITO, E.I.
60625

MBOX MICRO-CRÉDITO, E.I.

MICROFINANCE

Mozambique
Market: Financial services
Stage of the project: Operating business

Date of last change: 17.08.2023
Min amount of loan
$  1.250
Estimated yield
15 % a year
Go to the owner's profile
5
Total required
$ 25.000
Rating
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Idea

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.

Team or Management

Risks

Customers without solid guarantees and very slippery,
Many of them living in rented houses and without long-term contracts

Incubation/Acceleration programs accomplishment

N/A

Won the competition and other awards

N/A
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Idea
Current Status
Market
Problem or Opportunity
Competitors
Advantages or differentiators
Finance
Financed earlier, $
Loan terms
Interest rate, %
Type of pledge
Pledge and assets
Business model
Solution (product or service)
Team or Management
Lead creditor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video
Presentation