Outstanding portfolio (BOB) | BOB 66,804,572.62 |
Portfolio (USD) | USD 9,896,973.72 |
Active Clients with Loans | 7,090 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 80% - 100% |
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 | |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services | x |
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 | 9 |
# Regions for this product | 8 |
Regions Active | Beni , Chuquisaca , Cochabamba , La Paz , Oruro , Potosí, Santa Cruz, Tarija |
Currency | BOB |
Minimum loan size | BOB 1,500 |
Maximum loan size | 105,000 |
Loans less than BOB 10,000 | 50% |
BOB 10,000-40,000 | 50% |
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 | 6.0 months |
Longest loan term | 60.0 months |
Approx average | 24.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 10% |
Between 7 and 9 months | 30% |
Between 10 and 12 months | 40% |
Between 13 and 18 months | 20% |
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 | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 14.00% |
Highest quoted nominal interest | 28.00% |
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 |
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 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | BOB 1,000 | BOB 5,000 | BOB 9,000 | BOB 15,000 | BOB 25,000 | BOB 35,000 | |||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
Disbursement Date | 2013-12-06 | 2013-12-06 | 2013-12-06 | 2013-12-06 | 2013-12-06 | 2013-12-06 | |||||
Loan Term (Months) | 8.0 months | 12.0 months | 18.0 months | 12.0 months | 36.0 months | 60.0 months | |||||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||||
Total Cost of Credit | BOB 69 | BOB 705 | BOB 1,335 | BOB 2,106 | BOB 7,545 | BOB 25,419 | |||||
True Price by Comp | |||||||||||
Interest price component | 18.2% | 25.2% | 18.1% | 25.1% | 18.1% | 24.1% | |||||
Fee Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Full APR (int fee ins tax dep) | 18.2% | 25.2% | 18.1% | 25.1% | 18.1% | 24.1% | |||||
Transparency Index | 77 | 56 | 77 | 56 | 77 | 58 | |||||
Original Repayment Schedule | |||||||||||
MFT Pricing Calculation |
Institution Type | Non Bank Financial Institution |
Is this institution regulated? | No |
Website address | http://www.opportunity.net/tanzania |
Year established | 2009 |
Head of Institution | Stanley Tsikirayi |
Regions active | Arusha, Dar es Salaam, Kilimanjaro |
# Branches | 6 |
Total Portfolio (nat'l) | TZS 4,800,000,000 |
Total Portfolio (USD) | USD 3,018,867.93 |
Active clients with loans | 8,670 |
Approximate % female clients | 60% - 80% |
Approximate % urban clients | 60% - 80% |
Network affiliations | Opportunity International, TAMFI |
Funders | Opportunity International |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mkopo Pamoja - Trust Group Loan | TZS 100,000 - 1,500,000 | 4 - 9 | 60% - 80% | 60% - 80% | Business | Women, Men, Have business | Credit Educ, Group Mtgs, Credit Ins, Other Training | |||||||
Mkopo Vuka - Solidarity Group Loan | TZS 250,000 - 7,500,000 | 6 - 12 | 60% - 80% | 60% - 80% | Business | Women, Men, Have business | Credit Educ, Group Mtgs, Credit Ins, Other Training |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mkopo Pamoja - Trust Group Loan | 36.00% annual, Flat | 1 Fee | 1 Ins | None | 10.00% upfront | 68.4% - 73.3% | 86.1% - 92.1% | 40 | ||||||||
Mkopo Vuka - Solidarity Group Loan | 30.00% annual, Flat | 1 Fee | 1 Ins | None | 10.00% upfront | 52.9% - 59% | 66.1% - 75.7% | 41 |
Key Statistics | |
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Loan Portfolio (USD) | |
% Products using declining balance | |
% Products with one or more fee | |
% Products with one or more insurances | |
% Products with compulsory deposits |
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