| Outstanding portfolio (BOB) | BOB 100,627,187 |
| Portfolio (USD) | USD 14,907,731.41 |
| Active Clients with Loans | 2,718 |
| 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 | |
| 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 | 6 |
| # Regions for this product | 6 |
| Regions Active | Chuquisaca , Cochabamba , La Paz , Oruro , Santa Cruz, Tarija |
| Currency | BOB |
| Minimum loan size | BOB 14,000 |
| Maximum loan size | 140,000 |
| Loans less than BOB 10,000 | 0 |
| BOB 10,000-40,000 | 50% |
| BOB 40,000-70,000 | 30% |
| BOB 70,000-100,000 | 10% |
| BOB 100,000-125,000 | 5% |
| Greater than BOB 125,000 | 5% |
| Shortest loan term | 27.0 months |
| Longest loan term | 118.0 months |
| Approx average | 68.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 0 |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 100% |
| 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 | 1.80% |
| Highest quoted nominal interest | 1.80% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Ins 1 | |
|---|---|
| Description | Seguro de desgravamen |
| % of loan amount - min | 1.43% |
| % of loan amount - max | 1.95% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | La comisión es 0.07% mensual que aplica al saldo del principal del préstamo pendiente. |
| 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 | BOB 25,000 | BOB 36,000 | BOB 50,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2014-01-08 | 2013-09-18 | 2013-09-18 | ||
| Loan Term (Months) | 36.0 months | 36.0 months | 48.0 months | ||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
| Total Cost of Credit | BOB 9,542.64 | BOB 13,741.46 | BOB 26,070.17 | ||
| True Price by Comp | |||||
| Interest price component | 21.7% | 21.7% | 21.7% | ||
| Fee Component | 0.0% | 0.0% | 0.0% | ||
| Insurance Component | 0.8% | 0.8% | 0.8% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 0.0% | 0.0% | 0.0% | ||
| Full APR (int fee ins tax dep) | 22.5% | 22.5% | 22.5% | ||
| Transparency Index | 96 | 96 | 96 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Institution Type | Non Bank Financial Institution |
| Is this institution regulated? | No |
| Website address | N/A |
| Year established | 2010 |
| Head of Institution | Thaddeo W. Mashera |
| Regions active | Arusha, Dar es Salaam, Mwanza |
| # Branches | 5 |
| Total Portfolio (nat'l) | TZS 800,400,221 |
| Total Portfolio (USD) | USD 503,396.37 |
| Active clients with loans | 1,538 |
| Approximate % female clients | 60% - 80% |
| Approximate % urban clients | 20% - 40% |
| Network affiliations | TAMFI |
| Funders | Gatsby Charity Fund, Tanzania Gatsby Trust |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jamii Loan | TZS 50,000 - 2,000,000 | 3 - 12 | 60% - 80% | 20% - 40% | Business | Women, Men, Have business | Business Training | |||||||
| Personal Loan | TZS 1,000,000 - 10,000,000 | 6 - 24 | 40% - 60% | 40% - 60% | Business | Women, Men, Have business | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jamii Loan | 30.00% annual, Flat | 2 Fees | 1 Ins | None | 10.00% upfront | 53.3% - 59.1% | 68.7% - 75.8% | 41 | ||||||||
| Personal Loan | 24.00% annual, Flat | 2 Fees | 1 Ins | None | 15.00% upfront | 42.8% - 47.5% | 57.5% - 66.4% | 38 |
| 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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