Number borrowers | 3,998 |
Loan Amount (range) | BOB 700 - 11,000 |
Loan Term (range) | 3 - 12 |
Other Services (text summary) | Credit Educ |
Annual Interest & Method | 30.0%-36.0% annual, Decl Bal |
Fees | 1.00%-2.00% upfront |
Insurance | 0.24%-0.96% ongoing |
Tax | None |
Comp Dep | 10.0%-20.0% upfront 10.00%-20.00% ongoing |
Range of pricing | |
Interest Price Component | 15.0% - 34.0% |
Fee Component | 0.9% - 5.5% |
Insurance Component | 0.9% - 1.7% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 50.0% - 69.9% |
Transparency Index (min/max) | 43 - 82 |
Transparency Index (average) | 48 |
45,197 |
TZS 100,000 - 10,000,000 |
6 - 24 |
Credit Educ, Credit Ins, Tech Asst Visits, Business Training |
24.00% annual, Decl Bal |
1.50% upfront |
0.75% upfront |
None |
N/A |
23.6% - 24.2% |
0 - 5.4% |
1.4% - 2.7% |
0 |
25.0% - 32.1% |
75 - 96 |
88 |
Outstanding portfolio (BOB) | BOB 7,860,722 |
Portfolio (USD) | USD 1,164,551.41 |
Active Clients with Loans | 3,998 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 20% - 40% |
Individual | |
Solidarity group | |
Village banking | x |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | x |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | |
Credit insurance | |
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 | |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | 7 |
# Regions for this product | 7 |
Regions Active | Chuquisaca , Cochabamba , La Paz , Oruro , Potosí, Santa Cruz, Tarija |
Outstanding portfolio (TZS) | TZS 118,500,000,000 |
Portfolio (USD) | USD 74,528,301.89 |
Active Clients with Loans | 45,197 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 60% - 80% |
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 | x |
Group meetings | |
Credit insurance | x |
Workplace visits | x |
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 | Loan must be secured |
Other (2) | Applicant must be of 18 age and above |
# Regions for this institution | 22 |
# Regions for this product | 26 |
Regions Active | Arusha, Dar es Salaam, Dodoma, Iringa, Kagera, Kigoma, Kilimanjaro, Lindi, Manyara, MaraMbeya, Morogoro, Mtwara, Mwanza, Pemba North, Pemba South, Pwani, Rukwa, Ruvuma, ShinyangaSingida, Tabora, Tanga, Zanzibar Central/South, Zanzibar North, Zanzibar Urban/West |
Currency | BOB |
Minimum loan size | BOB 700 |
Maximum loan size | 11,000 |
Loans less than BOB 10,000 | 90% |
BOB 10,000-40,000 | 10% |
BOB 40,000-70,000 | 0 |
BOB 70,000-100,000 | 0 |
BOB 100,000-125,000 | 0 |
Greater than BOB 125,000 | 0 |
Shortest loan term | 3.0 months |
Longest loan term | 12.0 months |
Approx average | 7.5 months |
Loans 3 months or less | 5% |
Between 4 and 6 months | 15% |
Between 7 and 9 months | 50% |
Between 10 and 12 months | 30% |
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 | x |
Every 2 months | x |
Quarterly | x |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Currency | TZS |
Minimum loan size | TZS 100,000 |
Maximum loan size | 10,000,000 |
Loans less than TZS 350,000 | 0 |
TZS 350,000-1,250,000 | 10% |
TZS 1,250,000-2,000,000 | 10% |
TZS 2,000,000-3,000,000 | 15% |
TZS 3,000,000-4,000,000 | 15% |
Greater than TZS 4,000,000 | 15% |
Shortest loan term | 6.0 months |
Longest loan term | 24.0 months |
Approx average | 12.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 10% |
Between 7 and 9 months | 20% |
Between 10 and 12 months | 30% |
Between 13 and 18 months | 30% |
Longer than 18 months | 10% |
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 | 30.00% |
Highest quoted nominal interest | 36.00% |
Reason(s) why interest rate varies | Loan Size, Collateral |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Gastos Administrativos |
% of loan amount - min | 1.00% |
% of loan amount - max | 2.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Fee varies based on loan amount. |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Seguro de Desgravamen |
% of loan amount - min | 0.24% |
% of loan amount - max | 0.96% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Insurance fee is 0.08% per month, charged on the total disbursed amount for loans 3,000 USD and below, and charged on the oustanding princpal balalnce only for loans above 3,000 USD. |
Appears on Repayment Sched? | Yes |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | Yes |
Do borrowers control deposit in their group? | Yes |
% loan amount deposited | 10.00% - 20.00% |
or, Fixed-amount deposited | N/A |
% loan amount deposited | 10.00% - 20.00% |
or, Fixed-amount deposited | N/A |
Conditions on access to deposit | End Term |
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 | 24.00% |
Highest quoted nominal interest | 24.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | Yes |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Loan Processing Fee |
% of loan amount - min | 1.50% |
% of loan amount - max | 1.50% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Credit Life |
% of loan amount - min | 0.75% |
% of loan amount - max | 0.75% |
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? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | BOB 2,000 | BOB 3,000 | BOB 5,000 | BOB 11,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2013-12-12 | 2013-12-17 | 2013-12-17 | 2013-08-26 | |||
Loan Term (Months) | 5.8 months | 7.0 months | 7.0 months | 12.0 months | |||
Grace Period (Months) | 0.1 months | -0.1 months | -0.1 months | -0.1 months | |||
Total Cost of Credit | BOB 227.07 | BOB 415.09 | BOB 691.80 | BOB 2,148.68 | |||
True Price by Comp | |||||||
Interest price component | 32.0% | 34.0% | 34.0% | 31.0% | |||
Fee Component | 5.5% | 3.1% | 3.0% | 2.0% | |||
Insurance Component | 1.6% | 1.5% | 1.6% | 1.7% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 10.9% | 31.3% | 31.3% | 28.2% | |||
Full APR (int fee ins tax dep) | 50.0% | 69.9% | 69.9% | 62.9% | |||
Transparency Index | 60 | 43 | 43 | 48 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | TZS 300,000 | TZS 500,000 | TZS 1,000,000 | TZS 2,500,000 | TZS 5,000,000 | ||||
Loan Cycle (1, 2, 3, etc) | 1 | 1 | Not Known | Not Known | Not Known | ||||
Disbursement Date | 2013-01-07 | 2013-02-04 | 2013-03-22 | 2013-04-08 | 2013-04-08 | ||||
Loan Term (Months) | 6.0 months | 6.0 months | 6.0 months | 12.0 months | 12.0 months | ||||
Grace Period (Months) | 0.0 months | -0.1 months | 0.0 months | 0.0 months | 0.0 months | ||||
Total Cost of Credit | TZS 28,096.47 | TZS 39,327.44 | TZS 78,654.87 | TZS 355,537.90 | TZS 711,075.83 | ||||
True Price by Comp | |||||||||
Interest price component | 24.0% | 24.2% | 23.6% | 23.7% | 23.6% | ||||
Fee Component | 5.4% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Insurance Component | 2.7% | 2.7% | 2.6% | 1.5% | 1.4% | ||||
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) | 32.1% | 26.9% | 26.2% | 25.2% | 25.0% | ||||
Transparency Index | 75 | 89 | 92 | 95 | 96 | ||||
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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