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Institution
Data approved: 2014-04-01
Data version: 1
Age of data: 129 months
Key Statistics
| Outstanding portfolio (TZS) | TZS 1,876,453,903 |
| Portfolio (USD) | USD 1,180,159.69 |
| Active Clients with Loans | 2,389 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 100% |
Methodology
| Individual | |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other | |
Description
Jiendeleze loan is a business loan provded to a group of 3 to 5 members. The loan size could range from TZS 500,000 to 700,000.
Loan Purpose
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) | |
Included Services
| Credit education | |
| Group meetings | |
| Credit insurance | |
| Workplace visits | |
| Business training | |
| Other training | x |
| Other | |
| Other (2) | |
| No other services | |
Eligibility
| 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 | |
| Other | |
| Other (2) | |
Portfolio Size by Product
Geographic Coverage
| # Regions for this institution | 4 |
| # Regions for this product | 11 |
| Regions Active | Arusha, Dar es Salaam, Dodoma, Kagera, Kilimanjaro, Morogoro, Mwanza, ShinyangaSingida, Tabora, Tanga |
Loan Conditions
Loan Amount
| Currency | TZS |
| Minimum loan size | TZS 500,000 |
| Maximum loan size | 5,000,000 |
Distribution at Disbursement (Est.)
| Loans less than TZS 350,000 | 0 |
| TZS 350,000-1,250,000 | 70% |
| TZS 1,250,000-2,000,000 | 5% |
| 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 | 6.0 months |
Distribution at Disbursement (Est.)
| Loans 3 months or less | 10% |
| Between 4 and 6 months | 30% |
| Between 7 and 9 months | 40% |
| Between 10 and 12 months | 20% |
| 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 | |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments | |
Pricing Information
Interest
| Lowest quoted nominal interest | 2.50% |
| Highest quoted nominal interest | 2.50% |
| 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 |
Upfront Fees
| Fee 1 |
|---|
| Description | Application Fee |
| % 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 |
Ongoing Fees
This product has no ongoing feesUpfront Insurance Fees
| 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 |
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | Yes |
| Do borrowers control deposit in their group? | No |
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
62% of Vision Fund Tanzania clients are female and 52% lives in urban areas.
Full Pricing Data
Jiendeleze samples
| Sample 1 | | Sample 2 | | Sample 3 |
|---|
| Loan Amount | TZS 500,000 | | TZS 800,000 | | TZS 1,300,000 |
| Loan Cycle (1, 2, 3, etc) | Not Known | | Not Known | | Not Known |
| Disbursement Date | 2014-02-14 | | 2014-02-18 | | 2014-02-18 |
| Loan Term (Months) | 6.0 months | | 9.0 months | | 9.0 months |
| Grace Period (Months) | 0.0 months | | 0.0 months | | 0.0 months |
| Total Cost of Credit | TZS 95,000 | | TZS 212,000 | | TZS 344,500 |
| True Price by Comp | | | | | |
| Interest price component | 49.7% | | 50.7% | | 50.7% |
| Fee Component | 7.4% | | 5.3% | | 5.3% |
| Insurance Component | 7.5% | | 5.3% | | 5.3% |
| Tax Component | 0.0% | | 0.0% | | 0.0% |
| Deposit Component | 30.2% | | 28.6% | | 28.6% |
| Full APR (int fee ins tax dep) | 94.8% | | 89.9% | | 89.9% |
| Transparency Index | 32 | | 33 | | 33 |
| | | | | | |
| Original Repayment Schedule | PDF | | PDF | | PDF |
| MFT Pricing Calculation | PDF | | PDF | | PDF |
