2. IMPRO
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  2. MDF Tanzania
Please note that the information you are viewing is 136 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Incubadora de Microempresas Productivas Calle Manuel Ergueta Nº 1741, MorilloLa Paz, Bolivia
Data approved: 2013-09-10
Data version: 2
Age of data: 131 months
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Institution

Micro Entrepreneurs Development Foundation Micro Entrepreneurs Development FoundationDar Es SalaamP.O. Box 24581
Data approved: 2013-08-06
Data version: 1
Age of data: 136 months

Product

Línea de Créditos de Fomento Product 1 of 4 « Prev | Next »

Product

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Product Summary

Number borrowers990
Loan Amount (range)BOB 300 - 21,000
Loan Term (range)4 - 24
Other Services (text summary)Credit Ins, Tech Asst Visits
Annual Interest & Method14.4%-21.6% annual, Decl Bal
Fees16.00-20.00 ongoing
Insurance0.12%-0.72% ongoing
TaxNone
Comp DepN/A
Range of pricing 
Interest Price Component14.3% - 21.7%
Fee Component4.0% - 18.7%
Insurance Component0.5% - 0.7%
Tax Component Range0
Full APR (int fee ins tax dep)26.1% - 28.5%
Transparency Index (min/max)35 - 71
Transparency Index (average)53

Product Summary

606
TZS 100,000 - 5,000,000
3 - 12
Credit Educ, Group Mtgs, Tech Asst Visits, Business Training
36.0%-48.0% annual, Flat
2.50%-3.00% upfront 15,000.00 upfront
2.00% upfront
None
10.0%-20.0% upfront 1,500.00-2000.00 ongoing
 
84.8% - 90.8%
7.3% - 97.4%
6.0% - 12.6%
0
154.9% - 299.1%
12 - 23
19

Product Details

Key Statistics
Outstanding portfolio (BOB)BOB 7,499,754.50
Portfolio (USD)USD 1,111,074.74
Active Clients with Loans990
Approximate % Female Clients40% - 60%
Approximate % Urban Clients60% - 80%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Incluye creditos productivos, de comercio, servicios básicos como agua, electricidad, sanitarios, etc.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculturex
Educationx
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurancex
Workplace visitsx
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution1
# Regions for this product1
Regions ActiveLa Paz

Product Details

Key Statistics
Outstanding portfolio (TZS)TZS 236,174,979
Portfolio (USD)USD 148,537.72
Active Clients with Loans606
Approximate % Female Clients80% - 100%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity groupx
Village banking
Self help group
Other
Description
This product is based on the group methodology and each group consists at least three members.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculturex
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurance
Workplace visitsx
Business trainingx
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution2
# Regions for this product2
Regions ActiveDar es Salaam, Pwani

Loan Conditions

Loan Amount
CurrencyBOB
Minimum loan sizeBOB 300
Maximum loan size21,000
Distribution at Disbursement (Est.)
Loans less than BOB 10,00080%
BOB 10,000-40,00020%
BOB 40,000-70,0000
BOB 70,000-100,0000
BOB 100,000-125,0000
Greater than BOB 125,0000
Loan Term and Grace Period
Shortest loan term4.0 months
Longest loan term24.0 months
Approx average15.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months10%
Between 7 and 9 months10%
Between 10 and 12 months30%
Between 13 and 18 months40%
Longer than 18 months10%
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyTZS
Minimum loan sizeTZS 100,000
Maximum loan size5,000,000
Distribution at Disbursement (Est.)
Loans less than TZS 350,00040%
TZS 350,000-1,250,00040%
TZS 1,250,000-2,000,00015%
TZS 2,000,000-3,000,0005%
TZS 3,000,000-4,000,0000
Greater than TZS 4,000,0000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term12.0 months
Approx average1.3 months
Distribution at Disbursement (Est.)
Loans 3 months or less30%
Between 4 and 6 months40%
Between 7 and 9 months20%
Between 10 and 12 months10%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage100%
Average grace period0.2 months
Repayment Frequency
Daily
Weeklyx
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest1.20%
Highest quoted nominal interest1.80%
Reason(s) why interest rate variesClient Risk, Loan Purpose
Interest rate periodMonthly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?Yes
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
Ongoing Fees
Fee 1
DescriptionCobro por Formularios
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min16
Fixed amount - max20
Reason for variationFee varies based on loan amount.
Appears on Repayment Sched?Yes
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
Ins 1
DescriptionSeguro de Desgravamen
% of loan amount - min0.12%
% of loan amount - max0.72%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationInsurance fee is 0.03% per month, charged on the disbursed loan amount.
Appears on Repayment Sched?Yes
Compulsory Deposit
Required forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Pricing Information

Interest
Lowest quoted nominal interest3.00%
Highest quoted nominal interest4.00%
Reason(s) why interest rate variesTime as Client
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?Yes
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionLoan Processing FeeMembership Fee
% of loan amount - min2.50%0
% of loan amount - max3.00%0
OR, Fixed amount - min015,000
Fixed amount - max015,000
Reason for variationLoans <2,000,000 =3%, loans>2,000,000 =2.5%Only on first cycle loans.
Appears on Repayment Sched?YesYes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionDeath Recovery Insurance Fee
% of loan amount - min2.00%
% of loan amount - max2.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaUpfront: 1st cycle =10%. Multiple cycle =20%. Ongoing = 1st & 2nd cycle = 1500 TZS each week. 3rd cycle onward = 2000 TZS each week.
Is deposit indicated on the repayment schedule?Yes
Do borrowers control deposit in their group?Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited10.00% - 20.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount depositedTZS 1,500 - TZS 2,000
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid0
Maximum interest rate paid0
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Full Pricing Data

Línea de Créditos de Fomento samples
Sample 1Sample 2Sample 3
Loan AmountBOB 3,000BOB 5,000BOB 10,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2014-04-012013-01-072013-07-20
Loan Term (Months)18.0 months8.0 months15.0 months
Grace Period (Months)0.0 months0.1 months0.0 months
Total Cost of CreditBOB 646.20BOB 565.76BOB 1,870.33
True Price by Comp     
Interest price component14.3%21.7%21.7%
Fee Component11.2%6.3%4.0%
Insurance Component0.6%0.5%0.6%
Tax Component0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)26.1%28.5%26.3%
Transparency Index555055
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF

Full Pricing Data

Group Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountTZS 100,000TZS 300,000TZS 500,000TZS 1,000,000TZS 2,000,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2013-07-242013-05-132013-04-262013-07-182013-02-25
Loan Term (Months)4.9 months5.8 months4.9 months8.0 months9.0 months
Grace Period (Months)0.2 months0.2 months0.2 months0.2 months0.0 months
Total Cost of CreditTZS 40,000TZS 87,000TZS 125,000TZS 370,000TZS 890,000
True Price by Comp         
Interest price component84.8%85.7%84.8%86.3%90.8%
Fee Component97.4%12.6%14.5%9.9%7.3%
Insurance Component12.6%8.6%10.1%6.9%6.0%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component104.3%75.0%64.5%55.0%50.8%
Full APR (int fee ins tax dep)299.1%181.9%173.9%158.1%154.9%
Transparency Index1220212323
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF
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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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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Total Borrowers of Samples

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