| Number borrowers | 564 |
| Loan Amount (range) | USD 1,000 - 37,500 |
| Loan Term (range) | 12 - 180 |
| Other Services (text summary) | |
| Annual Interest & Method | 18.0%-24.0% annual, Decl Bal |
| Fees | 30.00-150.00 upfront |
| Insurance | 50.00-100.00 ongoing |
| Tax | None |
| Comp Dep | N/A |
| Range of pricing | |
| Interest Price Component | 17.9% - 23.9% |
| Fee Component | 0.4% - 2.3% |
| Insurance Component | 0 - 4.3% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 22.0% - 30.5% |
| Transparency Index (min/max) | 59 - 82 |
| Transparency Index (average) | 70 |
| 247 |
| TZS 500,000 - 20,000,000 |
| 3 - 12 |
| Credit Ins |
| 19.5% annual, Flat |
| 1.00% upfront 10,000.00 upfront |
| 1.00% upfront |
| None |
| N/A |
| 28.8% - 45.6% |
| 1.5% - 12.2% |
| 0.8% - 12.8% |
| 0 |
| 38.0% - 39.6% |
| 31 - 56 |
| 50 |
| Outstanding portfolio (USD) | USD 5,819,783 |
| Portfolio (USD) | USD 5,819,783 |
| Active Clients with Loans | 564 |
| Approximate % Female Clients | 20% - 40% |
| Approximate % Urban Clients | 80% - 100% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | |
| Mortgage/housing | x |
| 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 | |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | 4 |
| # Regions for this product | 4 |
| Regions Active | Battambang, Kandal, Phnom PenhSiem Reap |
| Outstanding portfolio (TZS) | TZS 696,570,261 |
| Portfolio (USD) | USD 438,094.50 |
| Active Clients with Loans | 247 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 100% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | For house renovation purpose |
| 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 | x |
| Must be a salaried worker | |
| Must be specific age group | x |
| Other | |
| Other (2) |
| # Regions for this institution | 4 |
| # Regions for this product | 4 |
| Regions Active | Arusha, Dar es Salaam, Dodoma, Kilimanjaro |
| Currency | USD |
| Minimum loan size | USD 1,000 |
| Maximum loan size | 37,500 |
| Shortest loan term | 12.0 months |
| Longest loan term | 180.0 months |
| Approx average | 120.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 0 |
| Between 13 and 18 months | 10% |
| Longer than 18 months | 90% |
| Grace period usage | 0 |
| Average grace period | 3.0 months |
| 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 500,000 |
| Maximum loan size | 20,000,000 |
| Loans less than TZS 350,000 | 0 |
| TZS 350,000-1,250,000 | 10% |
| TZS 1,250,000-2,000,000 | 5% |
| TZS 2,000,000-3,000,000 | 20% |
| TZS 3,000,000-4,000,000 | 15% |
| Greater than TZS 4,000,000 | 15% |
| Shortest loan term | 3.0 months |
| Longest loan term | 12.0 months |
| Approx average | 12.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 5% |
| Between 7 and 9 months | 5% |
| Between 10 and 12 months | 90% |
| 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 | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 1.50% |
| Highest quoted nominal interest | 2.00% |
| Reason(s) why interest rate varies | Loan Size, Loan Purpose |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | No |
| Fee 1 | |
|---|---|
| Description | Processing Fee |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 30 |
| Fixed amount - max | 150 |
| Reason for variation | Depends on loan purpose. Home Improvement = $30 min-1.5% max. Home Loan = $150 min-1.5% max |
| Appears on Repayment Sched? | Yes |
| Ins 1 | |
|---|---|
| Description | Annual Fire & Personal Accident Fee |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 50 |
| Fixed amount - max | 100 |
| Reason for variation | Depends on condition of house |
| 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 | 19.50% |
| Highest quoted nominal interest | 19.50% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | Fee 2 | ||
|---|---|---|---|
| Description | Set up fee | Application Fee | |
| % of loan amount - min | 1.00% | 0 | |
| % of loan amount - max | 1.00% | 0 | |
| OR, Fixed amount - min | 0 | 10,000 | |
| Fixed amount - max | 0 | 10,000 | |
| Reason for variation | N/A | N/A | |
| Appears on Repayment Sched? | No | No |
| Ins 1 | |
|---|---|
| Description | Insurance Fee |
| % 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? | No |
| 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 | USD 1,000 | USD 1,997.21 | USD 2,500 | USD 4,000 | |||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
| Disbursement Date | 2012-08-12 | 2012-10-26 | 2012-11-10 | 2012-06-05 | |||
| Loan Term (Months) | 35.0 months | 114.0 months | 115.0 months | 50.0 months | |||
| Grace Period (Months) | -0.3 months | -0.2 months | 0.0 months | 0.2 months | |||
| Total Cost of Credit | USD 498.85 | USD 3,547.31 | USD 3,844.22 | USD 2,033.38 | |||
| True Price by Comp | |||||||
| Interest price component | 23.9% | 23.8% | 23.8% | 17.9% | |||
| Fee Component | 2.3% | 0.5% | 0.4% | 2.1% | |||
| Insurance Component | 4.3% | 3.1% | 0.0% | 2.0% | |||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Full APR (int fee ins tax dep) | 30.5% | 27.4% | 24.2% | 22.0% | |||
| Transparency Index | 59 | 66 | 75 | 82 | |||
| Original Repayment Schedule | |||||||
| MFT Pricing Calculation |
| Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | TZS 1,000,000 | TZS 2,000,000 | TZS 3,000,000 | TZS 4,000,000 | TZS 5,000,000 | ||||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
| Disbursement Date | 2013-05-25 | 2013-05-06 | 2013-07-19 | 2013-07-22 | 2013-06-07 | ||||
| Loan Term (Months) | 12.0 months | 12.0 months | 10.0 months | 12.0 months | 12.0 months | ||||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | ||||
| Total Cost of Credit | TZS 225,541.68 | TZS 440,000 | TZS 557,500 | TZS 870,000 | TZS 1,085,000 | ||||
| True Price by Comp | |||||||||
| Interest price component | 33.7% | 33.6% | 33.4% | 33.6% | 33.7% | ||||
| Fee Component | 3.9% | 2.9% | 3.0% | 2.4% | 2.4% | ||||
| Insurance Component | 2.0% | 2.0% | 2.3% | 2.0% | 2.0% | ||||
| 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) | 39.6% | 38.5% | 38.7% | 38.0% | 38.1% | ||||
| Transparency Index | 49 | 51 | 50 | 51 | 51 | ||||
| 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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