Number borrowers | 2,546 |
Loan Amount (range) | BOB 16,000 - 600,000 |
Loan Term (range) | 1 - 152 |
Other Services (text summary) | Credit Ins |
Annual Interest & Method | 17.0%-27.5% annual, Decl Bal |
Fees | None |
Insurance | 1.40%-1.46% ongoing |
Tax | None |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | 12.1% - 27.6% |
Fee Component | 0 |
Insurance Component | 0.2% - 2.1% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 18.0% - 28.4% |
Transparency Index (min/max) | 8 - 1062 |
Transparency Index (average) | 100 |
101,152 |
TZS 300,000 - 3,000,000 |
5 - 12 |
Credit Educ, Group Mtgs, Credit Ins |
30.0% annual, Flat |
1.00% upfront |
1.35% upfront |
None |
25.0% upfront 3,000.00 ongoing |
35.8% - 52.8% |
2.0% - 6.7% |
0 - 5.1% |
0 |
97.0% - 141.6% |
21 - 91 |
25 |
Outstanding portfolio (BOB) | BOB 97,492,666 |
Portfolio (USD) | USD 14,443,357.93 |
Active Clients with Loans | 2,546 |
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 | |
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 |
Outstanding portfolio (TZS) | TZS 43,559,384,902 |
Portfolio (USD) | USD 27,395,839.56 |
Active Clients with Loans | 101,152 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 80% - 100% |
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 | x |
Group meetings | x |
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 | 20 |
# Regions for this product | 23 |
Regions Active | Arusha, Dar es Salaam, Dodoma, Iringa, Kagera, Kigoma, Kilimanjaro, Lindi, Manyara, MaraMbeya, Morogoro, Mtwara, Mwanza, Pemba South, Pwani, Rukwa, Ruvuma, ShinyangaSingida, Tabora, Tanga, Zanzibar Urban/West |
Currency | BOB |
Minimum loan size | BOB 16,000 |
Maximum loan size | 600,000 |
Loans less than BOB 10,000 | 0 |
BOB 10,000-40,000 | 30% |
BOB 40,000-70,000 | 50% |
BOB 70,000-100,000 | 5% |
BOB 100,000-125,000 | 5% |
Greater than BOB 125,000 | 5% |
Shortest loan term | 1.0 month |
Longest loan term | 152.0 months |
Approx average | 52.0 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 |
Currency | TZS |
Minimum loan size | TZS 300,000 |
Maximum loan size | 3,000,000 |
Loans less than TZS 350,000 | 30% |
TZS 350,000-1,250,000 | 60% |
TZS 1,250,000-2,000,000 | 5% |
TZS 2,000,000-3,000,000 | 5% |
TZS 3,000,000-4,000,000 | 0 |
Greater than TZS 4,000,000 | 0 |
Shortest loan term | 5.0 months |
Longest loan term | 12.0 months |
Approx average | DK |
Loans 3 months or less | 0 |
Between 4 and 6 months | 30% |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 70% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
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 | 1.42% |
Highest quoted nominal interest | 2.29% |
Reason(s) why interest rate varies | Collateral |
Interest rate period | Monthly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | No |
Ins 1 | |
---|---|
Description | Seguro de desgravamen |
% of loan amount - min | 1.40% |
% of loan amount - max | 1.46% |
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 |
Lowest quoted nominal interest | 30.00% |
Highest quoted nominal interest | 30.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Application 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? | Yes |
Ins 1 | |
---|---|
Description | Loan Insurance |
% of loan amount - min | 1.35% |
% of loan amount - max | 1.35% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Required for | All |
Criteria | Interest on deposit is paid every six months. |
Is deposit indicated on the repayment schedule? | No |
Do borrowers control deposit in their group? | No |
% loan amount deposited | 25.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | TZS 3,000 |
Conditions on access to deposit | When Leaving |
Minimum interest rate paid | 3.00% |
Maximum interest rate paid | 5.00% |
Interest payment frequency | End Term |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | BOB 21,000 | BOB 30,000 | BOB 42,000 | BOB 43,000 | BOB 55,000 | ||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
Disbursement Date | 2013-09-18 | 2013-09-18 | 2014-01-08 | 2014-01-08 | 2014-01-08 | ||||
Loan Term (Months) | 36.0 months | 36.0 months | 36.0 months | 36.0 months | 36.0 months | ||||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | ||||
Total Cost of Credit | BOB 6,626.53 | BOB 14,820.68 | BOB 12,495.25 | BOB 16,734.28 | BOB 26,637.62 | ||||
True Price by Comp | |||||||||
Interest price component | 18.1% | 27.6% | 17.1% | 22.1% | 27.1% | ||||
Fee Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Insurance Component | 0.9% | 0.8% | 0.9% | 0.8% | 0.8% | ||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Full APR (int fee ins tax dep) | 19.0% | 28.4% | 18.0% | 22.9% | 27.9% | ||||
Transparency Index | 100 | 100 | 100 | 100 | 100 | ||||
Original Repayment Schedule | |||||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | TZS 300,000 | TZS 500,000 | TZS 1,000,000 | TZS 1,200,000 | TZS 3,000,000 | ||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
Disbursement Date | 2013-07-07 | 2013-07-08 | 2013-07-11 | 2013-07-15 | 2013-07-08 | ||||
Loan Term (Months) | 6.0 months | 13.0 months | 12.0 months | 13.0 months | 13.0 months | ||||
Grace Period (Months) | 0.1 months | 0.0 months | 0.0 months | 0.0 months | 0.2 months | ||||
Total Cost of Credit | TZS 52,050 | TZS 161,750 | TZS 323,500 | TZS 388,200 | TZS 970,500 | ||||
True Price by Comp | |||||||||
Interest price component | 51.0% | 52.8% | 52.6% | 52.6% | 50.7% | ||||
Fee Component | 3.8% | 2.1% | 2.1% | 2.2% | 2.1% | ||||
Insurance Component | 5.1% | 2.9% | 2.9% | 2.9% | 2.8% | ||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Deposit Component | 81.7% | 75.8% | 53.7% | 52.7% | 41.4% | ||||
Full APR (int fee ins tax dep) | 141.6% | 133.6% | 111.3% | 110.4% | 97.0% | ||||
Transparency Index | 21 | 22 | 27 | 27 | 31 | ||||
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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