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Institution
Data approved: 2014-04-01
Data version: 1
Age of data: 130 months
Key Statistics
| Outstanding portfolio (TZS) | TZS 586,342,567 |
| Portfolio (USD) | USD 368,768.91 |
| Active Clients with Loans | 2,393 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 0 |
Methodology
| Individual | |
| Solidarity group | |
| Village banking | x |
| Self help group | |
| Other | |
Description
Mkombozi loan is an agricultural loan provided to a group of 10 to 15 members based in rural areas. The loan size could range from TZS 50,000 to 200, 000.
Loan Purpose
| Any purpose | |
| Income generation | |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | x |
| Education | |
| Other household finance | |
| Other | |
| Other (2) | |
Included Services
| Credit education | |
| Group meetings | |
| Credit insurance | x |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services | |
Eligibility
| Men | x |
| Women | x |
| Must run a business | |
| Must own a home or land | x |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | |
| Other (2) | |
Portfolio Size by Product
Geographic Coverage
| # Regions for this institution | 4 |
| # Regions for this product | 7 |
| Regions Active | Dodoma, Kagera, Kilimanjaro, Morogoro, ShinyangaSingida, Tanga |
Loan Conditions
Loan Amount
| Currency | TZS |
| Minimum loan size | TZS 50,000 |
| Maximum loan size | 1,000,000 |
Distribution at Disbursement (Est.)
| Loans less than TZS 350,000 | 90% |
| TZS 350,000-1,250,000 | 10% |
| TZS 1,250,000-2,000,000 | 0 |
| TZS 2,000,000-3,000,000 | 0 |
| TZS 3,000,000-4,000,000 | 0 |
| Greater than TZS 4,000,000 | 0 |
Loan Term and Grace Period
| Shortest loan term | 6.0 months |
| Longest loan term | 8.0 months |
| Approx average | 7.0 months |
Distribution at Disbursement (Est.)
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 70% |
| Between 7 and 9 months | 30% |
| Between 10 and 12 months | 0 |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
Grace Period
| Grace period usage | 0 |
| Average grace period | 0 |
Repayment Frequency
| Daily | |
| Weekly | |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | x |
| Irregular payments | |
Pricing Information
Interest
| Lowest quoted nominal interest | 5.00% |
| Highest quoted nominal interest | 5.00% |
| Reason(s) why interest rate varies | No Variation |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | Yes |
| Is rate fixed for entire loan term | Yes |
Upfront Fees
| Fee 1 |
|---|
| Description | Processing Fee |
| % of loan amount - min | 8.00% |
| % of loan amount - max | 8.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
Ongoing Fees
This product has no ongoing feesUpfront Insurance Fees
| Ins 1 |
|---|
| Description | Insuarance |
| % 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? | No |
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | Yes |
| Do borrowers control deposit in their group? | No |
Deposit BEFORE or AT Disbursement
| % loan amount deposited | 10.00% |
| or, Fixed-amount deposited | 0 |
Deposits DURING period payments
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | Final Pmt |
Interest Paid on Deposit
| Minimum interest rate paid | 0 |
| Maximum interest rate paid | 0 |
| Interest payment frequency | N/A |
Taxes
| Are taxes charged on this product? | No |
Additional Comments
62% of Vision Fund Tanzania clients are female and 52% lives in urban areas.
Full Pricing Data
Mkombozi samples
| Sample 1 | | Sample 2 | | Sample 3 |
|---|
| Loan Amount | TZS 250,000 | | TZS 300,000 | | TZS 350,000 |
| Loan Cycle (1, 2, 3, etc) | Not Known | | Not Known | | Not Known |
| Disbursement Date | 2014-02-12 | | 2014-01-09 | | 2014-04-01 |
| Loan Term (Months) | 6.0 months | | 7.0 months | | 8.0 months |
| Grace Period (Months) | 0.0 months | | 0.0 months | | 0.0 months |
| Total Cost of Credit | TZS 100,000 | | TZS 120,000 | | TZS 175,000 |
| True Price by Comp | | | | | |
| Interest price component | 52.9% | | 45.2% | | 51.2% |
| Fee Component | 16.9% | | 14.4% | | 12.7% |
| Insurance Component | 4.4% | | 3.8% | | 3.4% |
| Tax Component | 0.0% | | 0.0% | | 0.0% |
| Deposit Component | 7.7% | | 6.5% | | 6.6% |
| Full APR (int fee ins tax dep) | 81.9% | | 69.9% | | 73.9% |
| Transparency Index | 73 | | 86 | | 81 |
| | | | | | |
| Original Repayment Schedule | PDF | | PDF | | PDF |
| MFT Pricing Calculation | PDF | | PDF | | PDF |
