2. Grameen Koota
Please note that the information you are viewing is 141 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. FINCA Tanzania
Please note that the information you are viewing is 117 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Grameen Financial Services Pvt. Ltd. (Grameen Koota) AvalahaliJP Nagar-9th PhaseBanglore, Karnataka560062
Data approved: 2013-05-14
Data version: 3
Age of data: 141 months
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Institution

FINCA Tanzania M.F.C. Limited Plot # 84 Morogoro Rd,Dar es SalaamP.O Box 78783
Data approved: 2014-11-04
Data version: 3
Age of data: 117 months
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Product

Water Loan-PureIT Product 14 of 23 « Prev | Next »

Product

Small Group Loan Product 2 of 3 « Prev | Next »

Product Summary

Number borrowers4,971
Loan Amount (range)INR 2,950 - 2,950
Loan Term (range)12 - 12.1
Other Services (text summary)Credit Educ, Group Mtgs, Credit Ins, Jagruthi- Client Education Series, Socio-Economic Development Workshop
Annual Interest & Method24.0% annual, Decl Bal
Fees1.00% upfront
Insurance49.00 upfront
Tax12.36% fees
Comp DepN/A
Range of pricing 
Interest Price Component21.8% - 34.0%
Fee Component1.1% - 11.6%
Insurance Component0 - 16.6%
Tax Component Range0.1% - 1.5%
Full APR (int fee ins tax dep)27.4%
Transparency Index (min/max)51 - 92
Transparency Index (average)87

Product Summary

12,475
TZS 350,000 - 4,000,000
6 - 12
Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits
64.8% annual, Decl Bal
1.00% upfront
None
None
N/A
 
58.6% - 82.2%
0 - 3.6%
0
0
65.2% - 66.8%
60 - 100
98

Product Details

Key Statistics
Outstanding portfolio (INR)INR 10,912,006.94
Portfolio (USD)USD 205,886.92
Active Clients with Loans4,971
Approximate % Female Clients100%
Approximate % Urban Clients20% - 40%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
It is a product in Livelihood improvement category. To Purchase Water Purifier
Loan Purpose
Any purpose
Income generation
Mortgage/housing
Consumer loanx
Agriculture
Education
Other household finance
OtherTo Purchase Water Purifier
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visits
Business training
Other training
OtherJagruthi- Client Education Series
Other (2)Socio-Economic Development Workshop
No other services
Eligibility
Men
Womenx
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age group
Household income <60,000 INRx
Household income <120,000 INRx
Must live in rural area
Must lives in urban area
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution3
# Regions for this product1
Regions ActiveKarnataka

Product Details

Key Statistics
Outstanding portfolio (TZS)TZS 5,871,004,648
Portfolio (USD)USD 3,692,455.75
Active Clients with Loans12,475
Approximate % Female Clients40% - 60%
Approximate % Urban Clients60% - 80%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
This loan is given to groups of between 5 to 10 members who can borrow up to TZS 4,000,000.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visitsx
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution14
# Regions for this product15
Regions ActiveArusha, Dar es Salaam, Dodoma, Iringa, Kagera, Kilimanjaro, Manyara, MaraMbeya, Morogoro, Mwanza, Pwani, Ruvuma, Shinyanga, Tanga

Loan Conditions

Loan Amount
CurrencyINR
Minimum loan sizeINR 2,950
Maximum loan size2,950
Distribution at Disbursement (Est.)
Loans less than INR 5,000100%
INR 5,000-15,0000
INR 15,000-25,0000
INR 25,000-35,0000
INR 35,000-45,0000
Greater than INR 45,0000
Loan Term and Grace Period
Shortest loan term12.0 months
Longest loan term12.1 months
Approx average12.1 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months100%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage100%
Average grace period0.2 months
Repayment Frequency
Daily
Weeklyx
Every 2 weeksx
Every 4 weeksx
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyTZS
Minimum loan sizeTZS 350,000
Maximum loan size4,000,000
Distribution at Disbursement (Est.)
Loans less than TZS 350,0000
TZS 350,000-1,250,00090%
TZS 1,250,000-2,000,00010%
TZS 2,000,000-3,000,0000
TZS 3,000,000-4,000,0000
Greater than TZS 4,000,0000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term12.0 months
Approx average8.7 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months30%
Between 7 and 9 months40%
Between 10 and 12 months30%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest24.00%
Highest quoted nominal interest24.00%
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsurance Fees
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min49
Fixed amount - max49
Reason for variationInsurance is compulsory only for member.
Appears on Repayment Sched?Yes
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?Yes
Percentage of fees12.4%
All or some fees taxedSome
Additional Comments
Moratorium Period (Repayment Holiday) - one installment for principal only

Pricing Information

Interest
Lowest quoted nominal interest5.40%
Highest quoted nominal interest5.40%
Interest rate periodMonthly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionDisbursement Fee
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Full Pricing Data

Water Loan-PureIT samples
Sample 1Sample 2Sample 3
Loan AmountINR 2,950INR 2,950INR 2,950
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2013-04-192013-04-192013-04-26
Loan Term (Months)12.0 months12.0 months12.0 months
Grace Period (Months)0.0 months0.0 months0.0 months
Total Cost of CreditINR 423.15INR 423.15INR 423.15
True Price by Comp     
Interest price component24.0%24.0%24.0%
Fee Component2.1%2.1%2.1%
Insurance Component1.1%1.1%1.1%
Tax Component0.2%0.2%0.2%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)27.4%27.4%27.4%
MFIN MFI Earning (Annualised)26.1%26.1%26.1%
MFIN Cost to Borrower (Annualised)27.4%27.4%27.4%
Transparency Index878787
MFIN Transparency Index100100100
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula

Full Pricing Data

Small Group Loan samples
Loan Amount
Type of Sample
Disbursement Date
Loan Term (Months)
Grace Period (Months)
Total Cost of Credit
Full APR (int fee ins tax dep)
True Price by Component
Transparency Index
Original Repayment Schedule
MFT Pricing Calculation
Interest price component
Fee Component
Insurance Component
Tax Component
Deposit Component
TZS 450,000 Generated 2015-03-01 6.0 months N/A TZS 92,587.75 66.8% 63.2% 3.6% 0.0% 0.0% 0.0% 97 - PDF
TZS 700,000 Generated 2015-03-01 9.0 months N/A TZS 208,424.88 65.8% 63.2% 2.6% 0.0% 0.0% 0.0% 99 - PDF
TZS 930,000 Generated 2015-03-01 9.0 months N/A TZS 276,907.34 65.8% 63.2% 2.6% 0.0% 0.0% 0.0% 99 - PDF
TZS 1,250,000 Generated 2015-03-01 9.0 months N/A TZS 372,187.28 65.8% 63.2% 2.6% 0.0% 0.0% 0.0% 99 - PDF
TZS 1,500,000 Generated 2015-03-01 9.0 months N/A TZS 446,624.74 65.8% 63.2% 2.6% 0.0% 0.0% 0.0% 99 - PDF
TZS 1,725,000 Generated 2015-03-01 12.0 months N/A TZS 679,011 65.2% 63.2% 2.0% 0.0% 0.0% 0.0% 99 - PDF
TZS 1,850,000 Generated 2015-03-01 12.0 months N/A TZS 728,214.70 65.2% 63.2% 2.0% 0.0% 0.0% 0.0% 99 - PDF
TZS 2,000,000 Generated 2015-03-01 12.0 months N/A TZS 787,259.13 65.2% 63.2% 2.0% 0.0% 0.0% 0.0% 99 - PDF
Water Loan-PureIT Price Graphs


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Small Group Loan Price Graphs


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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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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X Axis
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