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Institution
Data approved: 2013-05-30
Data version: 2
Age of data: 135 months
Key Statistics
| Outstanding portfolio (TZS) | TZS 1,427,941,703 |
| Portfolio (USD) | USD 898,076.54 |
| Active Clients with Loans | 7,089 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 80% - 100% |
Methodology
| Individual | |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other | |
Description
This loan is meant to provide working capital to micro entrepreneurs with legally acceptable businesses which may either be registered or unregistered and rely on group guarantorship to secure their loans
Loan Purpose
| Any purpose | |
| Income generation | x |
| Mortgage/housing | x |
| Consumer loan | |
| Agriculture | |
| Education | x |
| Other household finance | x |
| Other | |
| Other (2) | |
Included Services
| Credit education | x |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | |
| Business training | |
| Other training | x |
| Other | Group dynamics |
| 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 | 18 and above |
| Other (2) | |
Portfolio Size by Product
Geographic Coverage
| # Regions for this institution | 4 |
| # Regions for this product | 4 |
| Regions Active | Dar es Salaam, Mara, Mtwara, Pwani |
Loan Conditions
Loan Amount
| Currency | TZS |
| Minimum loan size | TZS 50,000 |
| Maximum loan size | 4,000,000 |
Distribution at Disbursement (Est.)
| Loans less than TZS 350,000 | 15% |
| TZS 350,000-1,250,000 | 50% |
| TZS 1,250,000-2,000,000 | 20% |
| TZS 2,000,000-3,000,000 | 10% |
| TZS 3,000,000-4,000,000 | 5% |
| Greater than TZS 4,000,000 | 5% |
Loan Term and Grace Period
| Shortest loan term | 3.0 months |
| Longest loan term | 12.0 months |
| Approx average | 4.0 months |
Distribution at Disbursement (Est.)
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 100% |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 0 |
| 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 | x |
| Every 2 weeks | x |
| Every 4 weeks | |
| Monthly | |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments | |
Pricing Information
Interest
| Lowest quoted nominal interest | 48.00% |
| Highest quoted nominal interest | 48.00% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | Yes |
| Is rate fixed for entire loan term | Yes |
Upfront Fees
This product has no upfront feesOngoing Fees
This product has no ongoing feesUpfront Insurance Fees
This product has no upfront insurance feesOngoing 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 | 20.00% |
| or, Fixed-amount deposited | 0 |
Deposits DURING period payments
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | Final Pmt |
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
Subsequent loan disbursement to the group only made after all members have completed paying their loans. The minimum loan size per member is TZS 5,/
Full Pricing Data
Group Loan samples
| Sample 1 | | Sample 2 | | Sample 3 | | Sample 4 | | Sample 5 | | Sample 6 |
|---|
| Loan Amount | TZS 100,000 | | TZS 300,000 | | TZS 550,000 | | TZS 900,000 | | TZS 1,900,000 | | TZS 2,800,000 |
| Loan Cycle (1, 2, 3, etc) | 2 | | 1 | | 4 | | 4 | | 4 | | 4 |
| Disbursement Date | 2013-01-16 | | 2013-01-16 | | 2013-02-11 | | 2013-02-20 | | 2013-01-17 | | 2013-01-31 |
| Loan Term (Months) | 3.7 months | | 3.7 months | | 4.7 months | | 3.7 months | | 6.0 months | | 7.0 months |
| Grace Period (Months) | 0.0 months | | 0.0 months | | 0.0 months | | 0.0 months | | 0.1 months | | 0.0 months |
| Total Cost of Credit | TZS 16,000 | | TZS 48,000 | | TZS 110,000 | | TZS 144,000 | | TZS 456,000 | | TZS 896,016 |
| True Price by Comp | | | | | | | | | | | |
| Interest price component | 87.8% | | 87.8% | | 88.8% | | 87.8% | | 76.4% | | 89.0% |
| 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 | 41.3% | | 41.3% | | 41.5% | | 41.3% | | 32.0% | | 39.7% |
| Full APR (int fee ins tax dep) | 129.1% | | 129.1% | | 130.3% | | 129.1% | | 108.4% | | 128.7% |
| Transparency Index | 37 | | 37 | | 37 | | 37 | | 44 | | 37 |
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| Original Repayment Schedule | PDF | | PDF | | PDF | | PDF | | PDF | | PDF |
| MFT Pricing Calculation | PDF | | PDF | | PDF | | PDF | | PDF | | PDF |
