Number borrowers | 272,854 |
Loan Amount (range) | INR 8,000 - 15,000 |
Loan Term (range) | 12 |
Other Services (text summary) | Credit Educ, Group Mtgs, Business Training, Financial education |
Annual Interest & Method | 26.0% annual, Decl Bal |
Fees | 1.00% upfront |
Insurance | None |
Tax | 12.36% fees |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | 21.5% - 27.9% |
Fee Component | 1.2% - 2.3% |
Insurance Component | 0 |
Tax Component Range | 0.1% - 0.3% |
Full APR (int fee ins tax dep) | 29.6% - 30.5% |
Transparency Index (min/max) | 85 - 94 |
Transparency Index (average) | 86 |
45,197 |
TZS 100,000 - 10,000,000 |
6 - 24 |
Credit Educ, Credit Ins, Tech Asst Visits, Business Training |
24.00% annual, Decl Bal |
1.50% upfront |
0.75% upfront |
None |
N/A |
23.6% - 24.2% |
0 - 5.4% |
1.4% - 2.7% |
0 |
25.0% - 32.1% |
75 - 96 |
88 |
Outstanding portfolio (INR) | INR 1,402,519,322 |
Portfolio (USD) | USD 26,462,628.72 |
Active Clients with Loans | 272,854 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 0% - 20% |
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 | |
Workplace visits | |
Business training | x |
Other training | |
Other | Financial education |
Other (2) | |
No other services |
Men | x |
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 | x |
Household income <120,000 INR | |
Must live in rural area | |
Must lives in urban area | |
Other | |
Other (2) |
# Regions for this institution | 5 |
# Regions for this product | 5 |
Regions Active | Chhattisgarh, Kerala, Madhya Pradesh, Maharashtra, Tamil Nadu |
Outstanding portfolio (TZS) | TZS 118,500,000,000 |
Portfolio (USD) | USD 74,528,301.89 |
Active Clients with Loans | 45,197 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 60% - 80% |
Individual | x |
Solidarity group | |
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 | |
Credit insurance | x |
Workplace visits | x |
Business training | x |
Other training | |
Other | |
Other (2) | |
No other services |
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 | Loan must be secured |
Other (2) | Applicant must be of 18 age and above |
# Regions for this institution | 22 |
# Regions for this product | 26 |
Regions Active | Arusha, Dar es Salaam, Dodoma, Iringa, Kagera, Kigoma, Kilimanjaro, Lindi, Manyara, MaraMbeya, Morogoro, Mtwara, Mwanza, Pemba North, Pemba South, Pwani, Rukwa, Ruvuma, ShinyangaSingida, Tabora, Tanga, Zanzibar Central/South, Zanzibar North, Zanzibar Urban/West |
Currency | INR |
Minimum loan size | INR 8,000 |
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 | 12.0 months |
Longest loan term | 12.0 months |
Approx average | 12.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 100% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 100% |
Average grace period | 0.3 months |
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 100,000 |
Maximum loan size | 10,000,000 |
Loans less than TZS 350,000 | 0 |
TZS 350,000-1,250,000 | 10% |
TZS 1,250,000-2,000,000 | 10% |
TZS 2,000,000-3,000,000 | 15% |
TZS 3,000,000-4,000,000 | 15% |
Greater than TZS 4,000,000 | 15% |
Shortest loan term | 6.0 months |
Longest loan term | 24.0 months |
Approx average | 12.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 10% |
Between 7 and 9 months | 20% |
Between 10 and 12 months | 30% |
Between 13 and 18 months | 30% |
Longer than 18 months | 10% |
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 | 26.00% |
Highest quoted nominal interest | 26.00% |
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? | 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? | Yes |
Percentage of fees | 12.4% |
All or some fees taxed | All |
Lowest quoted nominal interest | 24.00% |
Highest quoted nominal interest | 24.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | Yes |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Loan Processing Fee |
% of loan amount - min | 1.50% |
% of loan amount - max | 1.50% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Credit Life |
% of loan amount - min | 0.75% |
% of loan amount - max | 0.75% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
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 |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | INR 13,000 | INR 12,000 | INR 15,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-03-15 | 2013-03-16 | 2013-03-28 | ||
Loan Term (Months) | 12.0 months | 12.0 months | 12.0 months | ||
Grace Period (Months) | 0.0 months | -0.2 months | -0.1 months | ||
Total Cost of Credit | INR 1,836.07 | INR 1,694.83 | INR 2,118.54 | ||
True Price by Comp | |||||
Interest price component | 27.0% | 27.9% | 27.4% | ||
Fee Component | 2.3% | 2.3% | 2.3% | ||
Insurance Component | 0.0% | 0.0% | 0.0% | ||
Tax Component | 0.3% | 0.3% | 0.3% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 29.6% | 30.5% | 30.0% | ||
MFIN MFI Earning (Annualised) | 29.3% | 30.2% | 29.7% | ||
MFIN Cost to Borrower (Annualised) | 29.6% | 30.5% | 30.0% | ||
Transparency Index | 88 | 85 | 87 | ||
MFIN Transparency Index | 96 | 93 | 95 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | TZS 300,000 | TZS 500,000 | TZS 1,000,000 | TZS 2,500,000 | TZS 5,000,000 | ||||
Loan Cycle (1, 2, 3, etc) | 1 | 1 | Not Known | Not Known | Not Known | ||||
Disbursement Date | 2013-01-07 | 2013-02-04 | 2013-03-22 | 2013-04-08 | 2013-04-08 | ||||
Loan Term (Months) | 6.0 months | 6.0 months | 6.0 months | 12.0 months | 12.0 months | ||||
Grace Period (Months) | 0.0 months | -0.1 months | 0.0 months | 0.0 months | 0.0 months | ||||
Total Cost of Credit | TZS 28,096.47 | TZS 39,327.44 | TZS 78,654.87 | TZS 355,537.90 | TZS 711,075.83 | ||||
True Price by Comp | |||||||||
Interest price component | 24.0% | 24.2% | 23.6% | 23.7% | 23.6% | ||||
Fee Component | 5.4% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Insurance Component | 2.7% | 2.7% | 2.6% | 1.5% | 1.4% | ||||
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) | 32.1% | 26.9% | 26.2% | 25.2% | 25.0% | ||||
Transparency Index | 75 | 89 | 92 | 95 | 96 | ||||
Original Repayment Schedule | |||||||||
MFT Pricing Calculation |
Key Statistics | |
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# 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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