Outstanding portfolio (INR) | INR 377,601,000 |
Portfolio (USD) | USD 7,124,547.17 |
Active Clients with Loans | 37,941 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 80% - 100% |
Individual | |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | x |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services |
Men | |
Women | x |
Must run a business | |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Household income <60,000 INR | |
Household income <120,000 INR | |
Must live in rural area | |
Must lives in urban area | |
Other | |
Other (2) |
# Regions for this institution | 3 |
# Regions for this product | 3 |
Regions Active | Assam, Bihar, West Bengal |
Currency | INR |
Minimum loan size | INR 5,000 |
Maximum loan size | 15,000 |
Loans less than INR 5,000 | 0 |
INR 5,000-15,000 | 100% |
INR 15,000-25,000 | 0 |
INR 25,000-35,000 | 0 |
INR 35,000-45,000 | 0 |
Greater than INR 45,000 | 0 |
Shortest loan term | 15.0 months |
Longest loan term | 15.0 months |
Approx average | DK |
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 | 100% |
Longer than 18 months | 0 |
Grace period usage | 0 |
Average grace period | DK |
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 | 28.40% |
Highest quoted nominal interest | 28.40% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Processing 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 |
Ins 1 | |
---|---|
Description | Credit Insurance |
% of loan amount - min | 0.73% |
% of loan amount - max | 0.74% |
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? | Yes |
Percentage of fees | 12.4% |
All or some fees taxed | Some |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | INR 5,000 | INR 5,000 | INR 10,000 | INR 10,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2012-10-27 | 2012-10-06 | 2012-10-28 | 2012-10-27 | |||
Loan Term (Months) | 15.0 months | 15.0 months | 16.0 months | 15.0 months | |||
Grace Period (Months) | -0.7 months | 0.0 months | 0.4 months | -0.7 months | |||
Total Cost of Credit | INR 1,092.68 | INR 997.19 | INR 2,185.36 | INR 1,985.36 | |||
True Price by Comp | |||||||
Interest price component | 31.1% | 26.0% | 26.8% | 28.5% | |||
Fee Component | 1.8% | 1.6% | 1.6% | 1.7% | |||
Insurance Component | 1.3% | 1.2% | 1.1% | 1.4% | |||
Tax Component | 0.2% | 0.3% | 0.2% | 0.2% | |||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Full APR (int fee ins tax dep) | 34.4% | 29.1% | 29.7% | 31.8% | |||
MFIN MFI Earning (Annualised) | 32.9% | 27.6% | 28.4% | 30.2% | |||
MFIN Cost to Borrower (Annualised) | 34.4% | 29.1% | 29.7% | 31.8% | |||
Transparency Index | 83 | 98 | 96 | 89 | |||
MFIN Transparency Index | 91 | 100 | 100 | 100 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Institution Type | Non Bank Financial Institution |
Is this institution regulated? | No |
Website address | http://www.kfinance.co.tz/ |
Year established | 2008 |
Head of Institution | Devotha Ntuke Minzi |
Regions active | Dar es Salaam |
# Branches | 0 |
Total Portfolio (nat'l) | TZS 420,040,548 |
Total Portfolio (USD) | USD 264,176.45 |
Active clients with loans | 1,081 |
Approximate % female clients | 80% - 100% |
Approximate % urban clients | 80% - 100% |
Network affiliations | TAMFI, Business Network International |
Funders |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Business Loan | TZS 1,000,000 - 30,000,000 | 1 - 12 | 60% - 80% | 80% - 100% | Business, Consumer, Education, Other | Women, Men, Have business, Age limit between 18 to 60 | Credit Educ, Group Mtgs, Credit Ins | |||||||
Group Loan (Jikw Amue) | TZS 100,000 - 1,100,000 | 6 | 80% - 100% | 20% - 40% | 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 | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Business Loan | 60.00% annual, Flat | 1 Fee | 1 Ins | None | N/A | 97.3% - 102.6% | 99.5% - 106.5% | 58 | ||||||||
Group Loan (Jikw Amue) | 48.00% annual, Flat | 2 Fees | 1 Ins | None | 20.00% upfront | 93.6% - 116.5% | 147% - 233.9% | 26 |
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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