Number borrowers | 1,565 |
Loan Amount (range) | USD 1,000 - 50,000 |
Loan Term (range) | 24 - 96 |
Other Services (text summary) | Credit Educ, Credit Ins, Tech Asst Visits |
Annual Interest & Method | 13.0%-15.0% annual, Decl Bal |
Fees | 1.00% upfront 6.00% ongoing |
Insurance | None |
Tax | 3.00 fixed |
Comp Dep | 10.00 upfront |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 13.9% - 15.9% (Int+Fee) |
Insurance Component | 0 - 0.8% |
Tax Component Range | 0.3% - 6.6% |
Full APR (int fee ins tax dep) | 14.4% - 22.5% |
Transparency Index (min/max) | 58 - 92 |
Transparency Index (average) | 75 |
13,714 |
TZS 50,000 - 2,000,000 |
3 - 12 |
Credit Ins |
24.00%-29.00% annual, Flat |
0.50% upfront |
1.00% upfront |
None |
25.00% upfront |
N/A |
48.9% - 52.3% (Int+Fee) |
2.2% - 7.8% |
0 |
62.0% - 106.5% |
23 - 39 |
26 |
Outstanding portfolio (USD) | USD 19,300,714 |
Portfolio (USD) | USD 19,300,714 |
Active Clients with Loans | 1,565 |
Approximate % Female Clients | 0% - 20% |
Approximate % Urban Clients | 80% - 100% |
Individual | x |
Solidarity group | x |
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 | x |
Workplace visits | x |
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 | x |
Must be a salaried worker | x |
Must be specific age group | x |
Other | |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Outstanding portfolio (TZS) | TZS 3,185,798,591 |
Portfolio (USD) | USD 2,003,646.91 |
Active Clients with Loans | 13,714 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 60% - 80% |
Individual | |
Solidarity group | x |
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 | |
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 | |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Currency | USD |
Minimum loan size | USD 1,000 |
Maximum loan size | 50,000 |
Shortest loan term | 24.0 months |
Longest loan term | 96.0 months |
Approx average | 0 |
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 |
Currency | TZS |
Minimum loan size | TZS 50,000 |
Maximum loan size | 2,000,000 |
Shortest loan term | 3.0 months |
Longest loan term | 12.0 months |
Approx average | 8.0 months |
Grace period usage | 0 |
Average grace period | 0 |
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 | 13.00% |
Highest quoted nominal interest | 15.00% |
Reason(s) why interest rate varies | Loan Size, Collateral |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | SEGURO CONTRA INCENDIO |
% of loan amount - min | 1.00% |
% of loan amount - max | 1.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | |
Appears on Repayment Sched? | No |
Fee 1 | |
---|---|
Description | SEGURO DE VIDA |
% of loan amount - min | 6.00% |
% of loan amount - max | 6.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | |
Do borrowers control deposit in their group? |
% loan amount deposited | 0 |
or, Fixed-amount deposited | USD 10 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | End Term |
Minimum interest rate paid | 1.00% |
Maximum interest rate paid | 0 |
Interest payment frequency | Monthly |
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 | 29.00% |
Reason(s) why interest rate varies | Client Risk |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Processing Fee |
% of loan amount - min | 0.50% |
% of loan amount - max | 0.50% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Insurance Fee |
% 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? | No |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | |
Do borrowers control deposit in their group? |
% loan amount deposited | 25.00% |
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 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | USD 1,000 | USD 2,000 | USD 3,000 | USD 8,000 | USD 12,000 | USD 17,000 | |||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
Disbursement Date | 2010-09-21 | 2010-09-21 | 2010-09-21 | 2010-09-21 | 2010-09-21 | 2010-09-20 | |||||
Loan Term (Months) | 24.0 months | 36.0 months | 36.0 months | 60.0 months | 84.0 months | 36.0 months | |||||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||||
Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
True Price by Comp | |||||||||||
Interest and Fee Component | 15.9% | 15.9% | 15.9% | 14.9% | 13.9% | 15.9% | |||||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Tax Component | 6.2% | 3.0% | 2.0% | 0.7% | 0.5% | 0.4% | |||||
Deposit Component | 0.4% | 0.2% | 0.1% | 0.0% | 0.0% | 0.0% | |||||
Full APR (int fee ins tax dep) | 22.5% | 19.1% | 18.0% | 15.7% | 14.4% | 16.3% | |||||
Transparency Index | 58 | 68 | 72 | 83 | 90 | 80 | |||||
Original Repayment Schedule | |||||||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | TZS 100,000 | TZS 250,000 | TZS 500,000 | TZS 1,000,000 | TZS 1,800,000 | ||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
Disbursement Date | 2011-02-01 | 2011-01-02 | 2011-01-02 | 2011-02-01 | 2011-01-09 | ||||
Loan Term (Months) | 3.0 months | 3.0 months | 6.1 months | 9.1 months | 12.1 months | ||||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | ||||
Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
True Price by Comp | |||||||||
Interest and Fee Component | 51.4% | 51.4% | 50.3% | 52.3% | 48.9% | ||||
Insurance Component | 7.8% | 7.8% | 4.1% | 3.0% | 2.2% | ||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Deposit Component | 2.8% | 47.3% | 42.3% | 42.4% | 35.5% | ||||
Full APR (int fee ins tax dep) | 62.0% | 106.5% | 96.7% | 97.6% | 86.6% | ||||
Transparency Index | 39 | 23 | 25 | 25 | 28 | ||||
Original Repayment Schedule | |||||||||
MFT Pricing Calculation |
Key Statistics | |
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# 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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