3,536 |
TZS 100,000 - 1,500,000 |
4 - 9 |
Credit Educ, Group Mtgs, Credit Ins, Other Training |
36.00% annual, Flat |
2.00% upfront |
1.00% upfront |
None |
10.00% upfront |
48.7% - 65.6% |
4.2% - 7.7% |
2.8% - 4.0% |
0 |
86.1% - 92.1% |
39 - 45 |
40 |
Outstanding portfolio (USD) | USD 16,346.55 |
Portfolio (USD) | USD 16,346.55 |
Active Clients with Loans | 17 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 40% - 60% |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
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 | N/A |
Regions Active |
Outstanding portfolio (TZS) | TZS 1,100,000,000 |
Portfolio (USD) | USD 691,823.90 |
Active Clients with Loans | 3,536 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 60% - 80% |
Individual | |
Solidarity group | x |
Village banking | x |
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 | x |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | x |
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 | 3 |
# Regions for this product | 3 |
Regions Active | Arusha, Dar es Salaam, Kilimanjaro |
Currency | TZS |
Minimum loan size | TZS 100,000 |
Maximum loan size | 1,500,000 |
Loans less than TZS 350,000 | 50% |
TZS 350,000-1,250,000 | 30% |
TZS 1,250,000-2,000,000 | 20% |
TZS 2,000,000-3,000,000 | 0 |
TZS 3,000,000-4,000,000 | 0 |
Greater than TZS 4,000,000 | 0 |
Shortest loan term | 4.0 months |
Longest loan term | 9.0 months |
Approx average | 6.5 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 60% |
Between 7 and 9 months | 40% |
Between 10 and 12 months | 0 |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 100% |
Average grace period | 0.6 months |
Daily | |
Weekly | x |
Every 2 weeks | |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 3.00% |
Highest quoted nominal interest | 3.00% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Loan Processing Fee |
% of loan amount - min | 2.00% |
% of loan amount - max | 2.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Credit Life, Funeral, Property |
% of loan amount - min | 1.00% |
% of loan amount - max | 1.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Required for | All |
Criteria | First Loan Cycle Security Deposit required is equal to 1% of the loan amount. |
Is deposit indicated on the repayment schedule? | No |
Do borrowers control deposit in their group? | Yes |
% loan amount deposited | 10.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | End Term |
Minimum interest rate paid | 0 |
Maximum interest rate paid | 0 |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | TZS 100,000 | TZS 250,000 | TZS 500,000 | TZS 1,000,000 | |||
Loan Cycle (1, 2, 3, etc) | 1 | 1 | Not Known | 3 | |||
Disbursement Date | 2013-02-19 | 2013-02-19 | 2013-02-14 | 2013-02-19 | |||
Loan Term (Months) | 6.0 months | 6.0 months | 6.0 months | 6.0 months | |||
Grace Period (Months) | 0.4 months | 0.4 months | 0.4 months | 0.5 months | |||
Total Cost of Credit | TZS 22,200 | TZS 53,100 | TZS 103,800 | TZS 210,000 | |||
True Price by Comp | |||||||
Interest price component | 65.6% | 62.0% | 61.2% | 60.8% | |||
Fee Component | 7.7% | 7.7% | 7.7% | 7.6% | |||
Insurance Component | 3.9% | 3.9% | 4.0% | 3.8% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 14.9% | 14.2% | 14.1% | 13.9% | |||
Full APR (int fee ins tax dep) | 92.1% | 87.8% | 87.0% | 86.1% | |||
Transparency Index | 39 | 41 | 41 | 42 | |||
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 |
---|---|---|---|---|---|---|---|
X Axis | ||||||
---|---|---|---|---|---|---|
Greater than: | ||||||
Less or equal to: | ||||||
N (# of Samples) | ||||||
Total Borrrowers of Samples | ||||||
Avg | ||||||
Min | ||||||
Max | ||||||
Std Dev | ||||||
By Inst Type | ||||||
By Country | ||||||
X Axis | ||||||
---|---|---|---|---|---|---|
Greater than: | ||||||
Less or equal to: | ||||||
From 0 to | ||||||
to | ||||||
to | ||||||
to ∞ |