| Number borrowers | 1,288 |
| Loan Amount (range) | USD 500 - 137,600 |
| Loan Term (range) | 6 - 120 |
| Other Services (text summary) | Credit Educ |
| Annual Interest & Method | 14.0%-19.0% annual, Decl Bal |
| Fees | None |
| Insurance | None |
| Tax | 0.15% Principal |
| Comp Dep | N/A |
| Range of pricing | |
| Interest Price Component | 12.5% - 26.6% |
| Fee Component | 0 |
| Insurance Component | 0 |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 15.3% - 17.0% |
| Transparency Index (min/max) | 37 - 83 |
| Transparency Index (average) | 55 |
| 45,197 |
| TZS 100,000 - 10,000,000 |
| 6 - 24 |
| Credit Educ, Credit Ins, Tech Asst Visits, Business Training |
| 24.00% annual, Decl Bal |
| 1.50% upfront |
| 0.75% upfront |
| None |
| N/A |
| 23.6% - 24.2% |
| 0 - 5.4% |
| 1.4% - 2.7% |
| 0 |
| 25.0% - 32.1% |
| 75 - 96 |
| 88 |
| Outstanding portfolio (USD) | USD 5,898,103 |
| Portfolio (USD) | USD 5,898,103 |
| Active Clients with Loans | 1,288 |
| Approximate % Female Clients | 20% - 40% |
| Approximate % Urban Clients | 60% - 80% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | x |
| Income generation | |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | |
| Credit insurance | |
| Workplace visits | |
| Business training | |
| 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 | |
| Other | |
| Other (2) |
| # Regions for this institution | 9 |
| # Regions for this product | 9 |
| Regions Active | Beni , Chuquisaca , Cochabamba , La Paz , Oruro , Pando , Potosí, Santa Cruz, Tarija |
| Outstanding portfolio (TZS) | TZS 118,500,000,000 |
| Portfolio (USD) | USD 74,528,301.89 |
| Active Clients with Loans | 45,197 |
| Approximate % Female Clients | 20% - 40% |
| Approximate % Urban Clients | 60% - 80% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | |
| Credit insurance | x |
| 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 | |
| Other | Loan must be secured |
| Other (2) | Applicant must be of 18 age and above |
| # Regions for this institution | 22 |
| # Regions for this product | 26 |
| Regions Active | Arusha, Dar es Salaam, Dodoma, Iringa, Kagera, Kigoma, Kilimanjaro, Lindi, Manyara, MaraMbeya, Morogoro, Mtwara, Mwanza, Pemba North, Pemba South, Pwani, Rukwa, Ruvuma, ShinyangaSingida, Tabora, Tanga, Zanzibar Central/South, Zanzibar North, Zanzibar Urban/West |
| Currency | USD |
| Minimum loan size | USD 500 |
| Maximum loan size | 137,600 |
| Loans less than USD 1,500 | 5% |
| USD 1,500-5,000 | 40% |
| USD 5,000-10,000 | 30% |
| USD 10,000-15,000 | 0 |
| USD 15,000-18,000 | 5% |
| Greater than USD 18,000 | 5% |
| Shortest loan term | 6.0 months |
| Longest loan term | 120.0 months |
| Approx average | 50.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 5% |
| Between 13 and 18 months | 5% |
| Longer than 18 months | 90% |
| Grace period usage | 10% |
| Average grace period | DK |
| Daily | |
| Weekly | x |
| Every 2 weeks | x |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | x |
| Quarterly | x |
| Every 6 months | x |
| Every 12 months | x |
| Single end payment | |
| Irregular payments |
| Currency | TZS |
| Minimum loan size | TZS 100,000 |
| Maximum loan size | 10,000,000 |
| Loans less than TZS 350,000 | 0 |
| TZS 350,000-1,250,000 | 10% |
| TZS 1,250,000-2,000,000 | 10% |
| TZS 2,000,000-3,000,000 | 15% |
| TZS 3,000,000-4,000,000 | 15% |
| Greater than TZS 4,000,000 | 15% |
| Shortest loan term | 6.0 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 | 20% |
| Between 10 and 12 months | 30% |
| Between 13 and 18 months | 30% |
| Longer than 18 months | 10% |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 14.00% |
| Highest quoted nominal interest | 19.00% |
| Reason(s) why interest rate varies | Time as Client, Loan Size, Client Risk, Collateral |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | No |
| 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? | Yes |
| Percentage of fees | 0 |
| All or some fees taxed | N/A |
| Lowest quoted nominal interest | 24.00% |
| Highest quoted nominal interest | 24.00% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | Yes |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Loan Processing Fee |
| % of loan amount - min | 1.50% |
| % of loan amount - max | 1.50% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | Yes |
| Ins 1 | |
|---|---|
| Description | Credit Life |
| % of loan amount - min | 0.75% |
| % of loan amount - max | 0.75% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | 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 |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | USD 720 | USD 3,000 | USD 6,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2013-11-26 | 2013-11-26 | 2013-11-26 | ||
| Loan Term (Months) | 12.0 months | 37.0 months | 37.0 months | ||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
| Total Cost of Credit | USD 60.69 | USD 800.75 | USD 1,601.40 | ||
| True Price by Comp | |||||
| Interest price component | 15.3% | 17.0% | 17.0% | ||
| Fee Component | 0.0% | 0.0% | 0.0% | ||
| Insurance Component | 0.0% | 0.0% | 0.0% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 0.0% | 0.0% | 0.0% | ||
| Full APR (int fee ins tax dep) | 15.3% | 17.0% | 17.0% | ||
| Transparency Index | 59 | 53 | 53 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | TZS 300,000 | TZS 500,000 | TZS 1,000,000 | TZS 2,500,000 | TZS 5,000,000 | ||||
| Loan Cycle (1, 2, 3, etc) | 1 | 1 | Not Known | Not Known | Not Known | ||||
| Disbursement Date | 2013-01-07 | 2013-02-04 | 2013-03-22 | 2013-04-08 | 2013-04-08 | ||||
| Loan Term (Months) | 6.0 months | 6.0 months | 6.0 months | 12.0 months | 12.0 months | ||||
| Grace Period (Months) | 0.0 months | -0.1 months | 0.0 months | 0.0 months | 0.0 months | ||||
| Total Cost of Credit | TZS 28,096.47 | TZS 39,327.44 | TZS 78,654.87 | TZS 355,537.90 | TZS 711,075.83 | ||||
| True Price by Comp | |||||||||
| Interest price component | 24.0% | 24.2% | 23.6% | 23.7% | 23.6% | ||||
| Fee Component | 5.4% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Insurance Component | 2.7% | 2.7% | 2.6% | 1.5% | 1.4% | ||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Full APR (int fee ins tax dep) | 32.1% | 26.9% | 26.2% | 25.2% | 25.0% | ||||
| Transparency Index | 75 | 89 | 92 | 95 | 96 | ||||
| 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 |
|---|---|---|---|---|---|---|---|
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