Number borrowers | 1,134,782 |
Loan Amount (range) | INR 10,100 - 12,000 |
Loan Term (range) | 24 |
Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins |
Annual Interest & Method | 25.5% annual, Decl Bal |
Fees | |
Insurance | None |
Tax | None |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 25.9% - 26.8% (Int+Fee) |
Insurance Component | 0.6% - 26.8% |
Tax Component Range | -26.8% - 0 |
Full APR (int fee ins tax dep) | 26.7% - 27.4% |
Transparency Index (min/max) | 90 - 100 |
Transparency Index (average) | 94 |
2,393 |
TZS 50,000 - 1,000,000 |
6 - 8 |
Credit Ins |
60.0% annual, Flat |
8.00% upfront |
2.00% upfront |
None |
10.0% upfront |
45.2% - 59.1% |
2.0% - 16.9% |
1.8% - 7.5% |
0 |
69.9% - 81.9% |
32 - 86 |
80 |
Outstanding portfolio (INR) | INR 5,308,901,582 |
Portfolio (USD) | USD 117,975,591 |
Active Clients with Loans | 1,134,782 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 80% - 100% |
Individual | |
Solidarity group | x |
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 | 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 | x |
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 | either client runs business or husband runs business and the client has an active role |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Outstanding portfolio (TZS) | TZS 586,342,567 |
Portfolio (USD) | USD 368,768.91 |
Active Clients with Loans | 2,393 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 0 |
Individual | |
Solidarity group | |
Village banking | x |
Self help group | |
Other |
Any purpose | |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | x |
Education | |
Other household finance | |
Other | |
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 | |
Must own a home or land | x |
Must be a salaried worker | |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | 4 |
# Regions for this product | 7 |
Regions Active | Dodoma, Kagera, Kilimanjaro, Morogoro, ShinyangaSingida, Tanga |
Currency | INR |
Minimum loan size | INR 10,100 |
Maximum loan size | 12,000 |
Shortest loan term | 24.0 months |
Longest loan term | 24.0 months |
Approx average | 24.0 months |
Loans 3 months or less | N/A |
Between 4 and 6 months | N/A |
Between 7 and 9 months | N/A |
Between 10 and 12 months | N/A |
Between 13 and 18 months | N/A |
Longer than 18 months | N/A |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | x |
Every 2 weeks | x |
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 50,000 |
Maximum loan size | 1,000,000 |
Loans less than TZS 350,000 | 90% |
TZS 350,000-1,250,000 | 10% |
TZS 1,250,000-2,000,000 | 0 |
TZS 2,000,000-3,000,000 | 0 |
TZS 3,000,000-4,000,000 | 0 |
Greater than TZS 4,000,000 | 0 |
Shortest loan term | 6.0 months |
Longest loan term | 8.0 months |
Approx average | 7.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 70% |
Between 7 and 9 months | 30% |
Between 10 and 12 months | 0 |
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 | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | x |
Irregular payments |
Lowest quoted nominal interest | 25.50% |
Highest quoted nominal interest | 25.50% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | N/A |
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 | |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Term life insurance for member and spouse |
% of loan amount - min | 1.50% |
% of loan amount - max | 1.50% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | |
Appears on Repayment Sched? |
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 | 5.00% |
Highest quoted nominal interest | 5.00% |
Reason(s) why interest rate varies | No Variation |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | Yes |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Processing Fee |
% of loan amount - min | 8.00% |
% of loan amount - max | 8.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Insuarance |
% of loan amount - min | 2.00% |
% of loan amount - max | 2.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | Yes |
Do borrowers control deposit in their group? | No |
% loan amount deposited | 10.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | Final Pmt |
Minimum interest rate paid | 0 |
Maximum interest rate paid | 0 |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | INR 10,100 | INR 10,100 | INR 10,100 | INR 12,000 | INR 12,000 | ||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
Disbursement Date | 2010-06-15 | 2010-12-24 | 2011-08-16 | 2010-12-22 | 2010-12-21 | ||||
Loan Term (Months) | 22.4 months | 24.3 months | 24.3 months | 24.3 months | 24.3 months | ||||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | ||||
Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
True Price by Comp | |||||||||
Interest and Fee Component | 26.4% | 25.9% | 26.8% | 25.9% | DK | ||||
Insurance Component | 0.9% | 0.8% | 0.6% | 0.8% | 26.8% | ||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | -26.8% | ||||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 26.8% | ||||
Full APR (int fee ins tax dep) | 27.4% | 26.7% | 27.3% | 26.7% | 26.8% | ||||
MFIN MFI Earning (Annualised) | 26.4% | 25.9% | 26.8% | 25.9% | DK | ||||
MFIN Cost to Borrower (Annualised) | 27.4% | 26.7% | 27.3% | 26.7% | 26.8% | ||||
Transparency Index | 93 | 96 | 93 | 96 | 95 | ||||
MFIN Transparency Index | N/A | N/A | N/A | N/A | N/A | ||||
Original Repayment Schedule | |||||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | TZS 250,000 | TZS 300,000 | TZS 350,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2014-02-12 | 2014-01-09 | 2014-04-01 | ||
Loan Term (Months) | 6.0 months | 7.0 months | 8.0 months | ||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
Total Cost of Credit | TZS 100,000 | TZS 120,000 | TZS 175,000 | ||
True Price by Comp | |||||
Interest price component | 52.9% | 45.2% | 51.2% | ||
Fee Component | 16.9% | 14.4% | 12.7% | ||
Insurance Component | 4.4% | 3.8% | 3.4% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 7.7% | 6.5% | 6.6% | ||
Full APR (int fee ins tax dep) | 81.9% | 69.9% | 73.9% | ||
Transparency Index | 73 | 86 | 81 | ||
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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