Number borrowers | 16,804 |
Loan Amount (range) | BOB 400 - 200,000 |
Loan Term (range) | 3 - 60 |
Other Services (text summary) | Credit Ins |
Annual Interest & Method | 17.0%-24.5% annual, Decl Bal |
Fees | None |
Insurance | None |
Tax | None |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | 7.8% - 28.0% |
Fee Component | 0 |
Insurance Component | 0 |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 17.1% - 23.1% |
Transparency Index (min/max) | 52 - 101 |
Transparency Index (average) | 82 |
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 (BOB) | BOB 415,618,854.90 |
Portfolio (USD) | USD 61,573,163.69 |
Active Clients with Loans | 16,804 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 80% - 100% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | |
Mortgage/housing | x |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | Compra de vivienda, terreno, construcción |
Other (2) | Refacción, remodelación, ampliación, etc. |
Credit education | |
Group meetings | |
Credit insurance | x |
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 | x |
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 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 | BOB |
Minimum loan size | BOB 400 |
Maximum loan size | 200,000 |
Loans less than BOB 10,000 | 5% |
BOB 10,000-40,000 | 60% |
BOB 40,000-70,000 | 30% |
BOB 70,000-100,000 | 5% |
BOB 100,000-125,000 | 0 |
Greater than BOB 125,000 | 0 |
Shortest loan term | 3.0 months |
Longest loan term | 60.0 months |
Approx average | 40.0 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 | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | |
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 | 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 | 17.00% |
Highest quoted nominal interest | 24.50% |
Reason(s) why interest rate varies | Loan Size, Collateral, Plazo |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | 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 |
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 | BOB 4,000 | BOB 24,450 | BOB 48,000 | BOB 73,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2013-12-17 | 2013-06-25 | 2013-12-06 | 2013-08-23 | |||
Loan Term (Months) | 7.0 months | 38.0 months | 17.0 months | 25.0 months | |||
Grace Period (Months) | 0.5 months | 0.3 months | 0.2 months | 0.3 months | |||
Total Cost of Credit | BOB 307.52 | BOB 7,360.27 | BOB 8,999.54 | BOB 17,788.78 | |||
True Price by Comp | |||||||
Interest price component | 22.6% | 17.1% | 23.1% | 21.1% | |||
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% | 0.0% | 0.0% | 0.0% | |||
Full APR (int fee ins tax dep) | 22.6% | 17.1% | 23.1% | 21.1% | |||
Transparency Index | 75 | 99 | 74 | 81 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
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 |
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