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Institution
Data approved: 2013-03-13
Data version: 2
Age of data: 136 months
Key Statistics
| Outstanding portfolio (TZS) | TZS 323,656,000 |
| Portfolio (USD) | USD 203,557.23 |
| Active Clients with Loans | 1,342 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 20% - 40% |
Methodology
| Individual | |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other | |
Description
A community banking product designed to provide credit services to micro-entrepreneurs who are in groups of 5-25 persons.
Loan Purpose
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) | |
Included Services
| Credit education | |
| Group meetings | |
| Credit insurance | |
| Workplace visits | |
| Business training | x |
| Other training | |
| Other | |
| Other (2) | |
| No other services | |
Eligibility
| 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) | |
Portfolio Size by Product
Geographic Coverage
| # Regions for this institution | 3 |
| # Regions for this product | 5 |
| Regions Active | Arusha, Dar es Salaam, Mwanza, Tanga, Zanzibar Central/South |
Loan Conditions
Loan Amount
| Currency | TZS |
| Minimum loan size | TZS 50,000 |
| Maximum loan size | 2,000,000 |
Distribution at Disbursement (Est.)
| Loans less than TZS 350,000 | 30% |
| TZS 350,000-1,250,000 | 50% |
| TZS 1,250,000-2,000,000 | 20% |
| TZS 2,000,000-3,000,000 | 0 |
| TZS 3,000,000-4,000,000 | 0 |
| Greater than TZS 4,000,000 | 0 |
Loan Term and Grace Period
| Shortest loan term | 3.0 months |
| Longest loan term | 12.0 months |
| Approx average | 6.0 months |
Distribution at Disbursement (Est.)
| Loans 3 months or less | 5% |
| Between 4 and 6 months | 60% |
| Between 7 and 9 months | 20% |
| Between 10 and 12 months | 15% |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
Grace Period
| Grace period usage | 0 |
| Average grace period | 0 |
Repayment Frequency
| 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 | |
Pricing Information
Interest
| 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 |
Upfront Fees
| Fee 1 | | Fee 2 |
|---|
| Description | Registration Fee | | Application Fee |
| % of loan amount - min | 1.00% | | 0 |
| % of loan amount - max | 1.00% | | 0 |
| OR, Fixed amount - min | 0 | | 3,000 |
| Fixed amount - max | 0 | | 3,000 |
| Reason for variation | N/A | | N/A |
| Appears on Repayment Sched? | No | | No |
Ongoing Fees
This product has no ongoing feesUpfront Insurance Fees
| Ins 1 |
|---|
| Description | Loan Insurance Fund |
| % 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 |
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | No |
| Do borrowers control deposit in their group? | Yes |
Deposit BEFORE or AT Disbursement
| % loan amount deposited | 10.00% |
| or, Fixed-amount deposited | 0 |
Deposits DURING period payments
| % loan amount deposited | 2.00% |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | End Term |
Interest Paid on Deposit
| Minimum interest rate paid | 0 |
| Maximum interest rate paid | 0 |
| Interest payment frequency | N/A |
Taxes
| Are taxes charged on this product? | No |
Additional Comments
On each installment payment customers have to make additional 2% as savings
Full Pricing Data
Jamii Loan samples
| Sample 1 | | Sample 2 | | Sample 3 | | Sample 4 | | Sample 5 |
|---|
| Loan Amount | TZS 200,000 | | TZS 300,000 | | TZS 500,000 | | TZS 1,500,000 | | TZS 2,000,000 |
| Loan Cycle (1, 2, 3, etc) | 3 | | 1 | | 2 | | 3 | | 4 |
| Disbursement Date | 2013-01-11 | | 2013-01-11 | | 2013-02-08 | | 2013-01-28 | | 2013-01-28 |
| Loan Term (Months) | 6.0 months | | 6.0 months | | 6.0 months | | 6.0 months | | 6.0 months |
| Grace Period (Months) | 0.0 months | | 0.0 months | | -0.1 months | | 0.0 months | | 0.0 months |
| Total Cost of Credit | TZS 37,000 | | TZS 54,000 | | TZS 88,000 | | TZS 258,000 | | TZS 343,000 |
| True Price by Comp | | | | | | | | | |
| Interest price component | 49.9% | | 49.9% | | 49.6% | | 49.1% | | 49.1% |
| Fee Component | 9.2% | | 7.3% | | 5.8% | | 4.4% | | 4.2% |
| Insurance Component | 3.8% | | 3.8% | | 3.7% | | 3.6% | | 3.7% |
| Tax Component | 0.0% | | 0.0% | | 0.0% | | 0.0% | | 0.0% |
| Deposit Component | 12.9% | | 12.5% | | 12.3% | | 11.8% | | 11.7% |
| Full APR (int fee ins tax dep) | 75.8% | | 73.5% | | 71.4% | | 68.9% | | 68.7% |
| Transparency Index | 40 | | 41 | | 42 | | 44 | | 44 |
| | | | | | | | | | |
| Original Repayment Schedule | PDF | | PDF | | PDF | | PDF | | PDF |
| MFT Pricing Calculation | PDF | | PDF | | PDF | | PDF | | PDF |
