| Number borrowers | 107 |
| Loan Amount (range) | USD 1,000 - 2,000 |
| Loan Term (range) | 12 - 24 |
| Other Services (text summary) | Credit Ins |
| Annual Interest & Method | 22.5%-26.0% annual, Decl Bal |
| Fees | 5.00% upfront 5.00% ongoing |
| Insurance | None |
| Tax | 15.00% Principal |
| Comp Dep | N/A |
| Range of pricing | |
| Interest Price Component | N/A |
| Fee Component | 25.8% (Int+Fee) |
| Insurance Component | 0 - 0.6% |
| Tax Component Range | 0 - 0.4% |
| Full APR (int fee ins tax dep) | 26.0% |
| Transparency Index (min/max) | 0 - N/A |
| Transparency Index (average) | 87 |
| 672 |
| TZS 100,000 - 2,200,000 |
| 3 - 6 |
| Business Training |
| 30.00% annual, Flat |
| 2.00% upfront |
| 0.65% upfront |
| None |
| 15.00% upfront |
| 29.1% - 53.4% |
| 1.5% - 8.5% |
| 0.5% - 2.8% |
| 0 |
| 78.8% - 86.5% |
| 25 - 75 |
| 37 |
| Outstanding portfolio (USD) | USD 104,671.67 |
| Portfolio (USD) | USD 104,671.67 |
| Active Clients with Loans | 107 |
| Approximate % Female Clients | 20% - 40% |
| Approximate % Urban Clients | 0% - 20% |
| 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 | AntigàŒedad mínima de 1 año en trabajo. Buenos antecedentes personales y crediticios. |
| Other (2) |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Outstanding portfolio (TZS) | TZS 221,703,736 |
| Portfolio (USD) | USD 139,436.31 |
| Active Clients with Loans | 672 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 0% - 20% |
| 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 | |
| Workplace visits | |
| Business training | x |
| 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 | 1 |
| # Regions for this product | 1 |
| Regions Active | Kilimanjaro |
| Currency | USD |
| Minimum loan size | USD 1,000 |
| Maximum loan size | 2,000 |
| Shortest loan term | 12.0 months |
| Longest loan term | 24.0 months |
| Approx average | 22.0 months |
| 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 100,000 |
| Maximum loan size | 2,200,000 |
| Loans less than TZS 350,000 | 20% |
| TZS 350,000-1,250,000 | 30% |
| TZS 1,250,000-2,000,000 | 30% |
| TZS 2,000,000-3,000,000 | 20% |
| TZS 3,000,000-4,000,000 | 0 |
| Greater than TZS 4,000,000 | 0 |
| Shortest loan term | 3.0 months |
| Longest loan term | 6.0 months |
| Approx average | 6.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 100% |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 0 |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | |
| Every 2 weeks | x |
| Every 4 weeks | |
| Monthly | |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 22.50% |
| Highest quoted nominal interest | 26.00% |
| Reason(s) why interest rate varies | Loan Size, Client Risk |
| 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 | Desgravamen |
| % of loan amount - min | 5.00% |
| % of loan amount - max | 5.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | |
| Appears on Repayment Sched? | Yes |
| Fee 1 | |
|---|---|
| Description | Desgravamen |
| % of loan amount - min | 5.00% |
| % of loan amount - max | 5.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| 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? | Yes |
| Percentage of fees | 0 |
| All or some fees taxed | N/A |
| Lowest quoted nominal interest | 2.50% |
| Highest quoted nominal interest | 2.50% |
| 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 Facility / Set Up 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? | No |
| Ins 1 | |
|---|---|
| Description | Credit life Assurance |
| % of loan amount - min | 0.65% |
| % of loan amount - max | 0.65% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
| Required for | Some |
| Criteria | For those withought frequent deposits |
| Is deposit indicated on the repayment schedule? | No |
| Do borrowers control deposit in their group? | No |
| % loan amount deposited | 15.00% |
| 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 | 5.00% |
| Maximum interest rate paid | 5.00% |
| Interest payment frequency | Monthly |
| Are taxes charged on this product? | No |
| Sample 1 | |
|---|---|
| Loan Amount | USD 1,000 |
| Loan Cycle (1, 2, 3, etc) | Not Known |
| Disbursement Date | 2010-02-02 |
| Loan Term (Months) | 24.0 months |
| Grace Period (Months) | 0 |
| Total Cost of Credit | Not Known |
| True Price by Comp | |
| Interest and Fee Component | 25.8% |
| Insurance Component | 0 |
| Tax Component | 0.2% |
| Deposit Component | 0 |
| Full APR (int fee ins tax dep) | 26.0% |
| Transparency Index | 87 |
| Original Repayment Schedule | |
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | TZS 100,000 | TZS 200,000 | TZS 400,000 | TZS 1,000,000 | TZS 1,500,000 | ||||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
| Disbursement Date | 2013-02-04 | 2013-01-07 | 2013-01-03 | 2013-01-08 | 2013-01-04 | ||||
| Loan Term (Months) | 11.0 months | 11.0 months | 8.0 months | 5.6 months | 11.0 months | ||||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | ||||
| Total Cost of Credit | TZS 30,342 | TZS 60,685 | TZS 93,677 | TZS 164,962 | TZS 455,135 | ||||
| True Price by Comp | |||||||||
| Interest price component | 53.1% | 53.1% | 53.4% | 53.0% | 53.1% | ||||
| Fee Component | 4.6% | 4.6% | 5.9% | 8.5% | 4.6% | ||||
| Insurance Component | 1.5% | 1.5% | 1.9% | 2.8% | 1.5% | ||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Deposit Component | 19.6% | 19.6% | 20.9% | 22.2% | 19.6% | ||||
| Full APR (int fee ins tax dep) | 78.8% | 78.8% | 82.1% | 86.5% | 78.8% | ||||
| Transparency Index | 38 | 38 | 37 | 35 | 38 | ||||
| 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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