| Number borrowers | 105 |
| Loan Amount (range) | USD 500 - 25,000 |
| Loan Term (range) | 3 - 48 |
| Other Services (text summary) | Credit Ins |
| Annual Interest & Method | 18.0%-36.0% annual, Decl Bal |
| Fees | None |
| Insurance | 0.18%-2.88% ongoing |
| Tax | None |
| Comp Dep | N/A |
| Range of pricing | |
| Interest Price Component | 19.1% - 36.0% |
| Fee Component | 0 |
| Insurance Component | 0.6% - 0.9% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 20.5% - 32.7% |
| Transparency Index (min/max) | 52 - 95 |
| Transparency Index (average) | 68 |
| 2,393 |
| TZS 50,000 - 1,000,000 |
| 6 - 8 |
| Credit Ins |
| 60.0% annual, Flat |
| 8.00% upfront |
| 2.00% upfront |
| None |
| 10.0% upfront |
| 45.2% - 59.1% |
| 2.0% - 16.9% |
| 1.8% - 7.5% |
| 0 |
| 69.9% - 81.9% |
| 32 - 86 |
| 80 |
| Outstanding portfolio (USD) | USD 555,615.02 |
| Portfolio (USD) | USD 555,615.02 |
| Active Clients with Loans | 105 |
| Approximate % Female Clients | 20% - 40% |
| Approximate % Urban Clients | 40% - 60% |
| Individual | x |
| Solidarity group | |
| 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 | 2 |
| # Regions for this product | 2 |
| Regions Active | Beni , Santa Cruz |
| 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 |
| Individual | |
| Solidarity group | |
| Village banking | x |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | x |
| 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 | x |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | 4 |
| # Regions for this product | 7 |
| Regions Active | Dodoma, Kagera, Kilimanjaro, Morogoro, ShinyangaSingida, Tanga |
| Currency | USD |
| Minimum loan size | USD 500 |
| Maximum loan size | 25,000 |
| Loans less than USD 1,500 | 10% |
| USD 1,500-5,000 | 15% |
| USD 5,000-10,000 | 30% |
| USD 10,000-15,000 | 5% |
| USD 15,000-18,000 | 5% |
| Greater than USD 18,000 | 5% |
| Shortest loan term | 3.0 months |
| Longest loan term | 48.0 months |
| Approx average | 42.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 5% |
| Between 13 and 18 months | 15% |
| Longer than 18 months | 80% |
| 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 | 1,000,000 |
| 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 |
| Shortest loan term | 6.0 months |
| Longest loan term | 8.0 months |
| Approx average | 7.0 months |
| 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 usage | 0 |
| Average grace period | 0 |
| 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 |
| Lowest quoted nominal interest | 18.00% |
| Highest quoted nominal interest | 36.00% |
| Reason(s) why interest rate varies | Time as Client, Loan Size, Client Risk, Collateral, Loan Purpose |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Ins 1 | |
|---|---|
| Description | Pago del seguro de desgravamen |
| % of loan amount - min | 0.18% |
| % of loan amount - max | 2.88% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | Se aplica 0.06% en cada cuota cargado en el saldo pendiente del principal |
| 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 | 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 |
| 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 |
| 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 |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | Yes |
| Do borrowers control deposit in their group? | No |
| % loan amount deposited | 10.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | Final Pmt |
| 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 | |||
|---|---|---|---|---|---|
| Loan Amount | USD 500 | USD 1,900 | USD 19,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2013-12-27 | 2013-12-27 | 2013-10-01 | ||
| Loan Term (Months) | 20.0 months | 25.0 months | 19.0 months | ||
| Grace Period (Months) | 0.5 months | 0.5 months | 0.5 months | ||
| Total Cost of Credit | USD 156.74 | USD 612.69 | USD 3,434.46 | ||
| True Price by Comp | |||||
| Interest price component | 32.0% | 26.1% | 19.8% | ||
| Fee Component | 0.0% | 0.0% | 0.0% | ||
| Insurance Component | 0.7% | 0.6% | 0.7% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 0.0% | 0.0% | 0.0% | ||
| Full APR (int fee ins tax dep) | 32.7% | 26.7% | 20.5% | ||
| Transparency Index | 52 | 64 | 88 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| 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 | |||||
| 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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