2. GOF
Please note that the information you are viewing is 170 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. PRIDE Tanzania
Please note that the information you are viewing is 135 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Growing Opportunity Finance (India) Pvt. Ltd. No.12, Ramasamy Street, I FloorT. NagarChennai, Tamil Nadu600017
Data approved: 2011-01-01
Data version: 1
Age of data: 170 months

Institution

Promotion of Rural Initiative and Development Enterprises (PRIDE) Tanzania Ltd PRIDE Head OfficeArusha, TanzaniaPO Box 13900
Data approved: 2013-07-16
Data version: 1
Age of data: 135 months

Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addresshttp://www.gopportunity.net/
Year established2006
Head of InstitutionMr. James. A. Reiff
Regions active
# Branches13

Total Portfolio (nat'l)INR 280,000,000
Total Portfolio (USD)USD 5,283,018.87
Active clients with loans65,000
Approximate % female clients80% - 100%
Approximate % urban clients40% - 60%
Network affiliations

Institution Details

Institution TypeNon-Governmental Organization
Is this institution regulated?No
Website addresshttp://www.pride-tz.org
Year established1993
Head of InstitutionMr Rashid Malima
Regions activeArusha, Dar es Salaam, Dodoma, Iringa, Kagera, Kigoma, Kilimanjaro, Lindi, Manyara, MaraMbeya, Morogoro, Mtwara, Mwanza, Pemba North, Pwani, Rukwa, Ruvuma, ShinyangaSingida
# Branches70

Total Portfolio (nat'l)TZS 52,981,652,027
Total Portfolio (USD)USD 33,321,793.73
Active clients with loans102,278
Approximate % female clients60% - 80%
Approximate % urban clients80% - 100%
Network affiliations
Funders

Loan Products » Summary

Livestock
1,205 Borrowers
USD 37,735.85 Portfolio
Active Product
Rural
31,727 Borrowers
USD 2,376,169.81 Portfolio
Active Product
Student
800 Borrowers
USD 37,735.85 Portfolio
Active Product
Urban
31,539 Borrowers
USD 2,936,358.49 Portfolio
Active Product

Loan Products » Summary

MEC Loan
101,152 Borrowers
USD 27,395,839.56 Portfolio
Active Product
Premium
2,439 Borrowers
USD 5,510,642.60 Portfolio
Active Product
Salary
843 Borrowers
USD 415,311.57 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Livestock Loan INR 12,000 - 20,000 12 - 24 80% - 100% 0% - 20% Business, Only for purchase of farm animals Women Group Mtgs, Other Training, Training from veterinarian, Health / Social Issue Training
Rural Trust Bank INR 3,000 - 15,000 6 - 12 80% - 100% 0% - 20% Business Women, Have business Group Mtgs, Tech Asst Visits, Business Training, Other Training, Health / Social Issue Training
Student Loan INR 3,000 - 5,000 12 80% - 100% 60% - 80% Business, Education Women, Must have children of a qualified age in school, Must have completed one loan cycle with the MFI Other Training, Scholarships are available, some reserved for top scorers and others reserved for female students
Urban Trust Bank INR 3,000 - 25,000 6 - 12 80% - 100% 80% - 100% Business Women, Have business Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training, Health / Social Issue Training

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Group product (MEC loan product) TZS 300,000 - 3,000,000 5 - 12 60% - 80% 80% - 100% Business Women, Men, Have business Credit Educ, Group Mtgs, Credit Ins
Premium Group TZS 3,000,000 - 35,000,000 6 - 24 60% - 80% 80% - 100% Business Women, Men, Have business Group Mtgs, Credit Ins
Salary Loan TZS 100,000 - 15,000,000 6 - 24 40% - 60% 80% - 100% Any Purpose Women, Men, Salaried worker

Loan Products » MFIN India Additional Information

Product Name APR (int) MFIN MFI Earning (Annualised) MFIN Cost to Borrower (Annualised) COMPLIANCE WITH RBI GUIDELINES ON INTEREST METHOD COMPLIANCE WITH RBI GUIDELINES ON PROCESSING FEES COMPLIANCE WITH RBI GUIDELINES ON INSURANCE PREMIUM MFIN Transparency Index
Livestock Loan 0% 25.5% - 25.7% 25.5% - 25.7% N/A
Rural Trust Bank 0% 30.4% - 39.3% 30.4% - 39.3% N/A
Student Loan 0% 28.3% - 28.6% 28.3% - 28.6% N/A
Urban Trust Bank 0% 29.2% - 42.3% 29.2% - 42.3% N/A
*Please click here for more information

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Livestock Loan 12.0% annual, Flat 1 Fee 0 Ins None N/A 25.5% - 25.7% 25.5% - 25.7% 47
Rural Trust Bank 12.0%-15.0% annual, Flat 1 Fee 1 Ins None N/A 30.4% - 39.3% 30.4% - 39.3% 34
Student Loan 15.0% annual, Flat 1 Fee 0 Ins None N/A 28.3% - 28.6% 28.3% - 28.6% 52
Urban Trust Bank 12.0%-15.5% annual, Flat 1 Fee 1 Ins None N/A 29.2% - 42.3% 29.2% - 42.3% 33

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Group product (MEC loan product) 30.0% annual, Flat 1 Fee 1 Ins None 25.0% upfront 3,000.00 ongoing 52.8% - 54.9% 97% - 141.6% 25
Premium Group 22.0%-24.0% annual, Flat 1 Fee 1 Ins None 25.0% upfront 13,000.00 ongoing 43% - 43.3% 77.9% - 80.5% 27
Salary Loan 36.0% annual, Decl Bal 1 Fee 0 Ins None N/A 39.4% - 42.6% 39.4% - 42.6% 88

Loan Products » MFIN India Additional Information

Product Name APR (int) MFIN MFI Earning (Annualised) MFIN Cost to Borrower (Annualised) COMPLIANCE WITH RBI GUIDELINES ON INTEREST METHOD COMPLIANCE WITH RBI GUIDELINES ON PROCESSING FEES COMPLIANCE WITH RBI GUIDELINES ON INSURANCE PREMIUM MFIN Transparency Index
Livestock Loan 0% 25.5% - 25.7% 25.5% - 25.7% N/A
Rural Trust Bank 0% 30.4% - 39.3% 30.4% - 39.3% N/A
Student Loan 0% 28.3% - 28.6% 28.3% - 28.6% N/A
Urban Trust Bank 0% 29.2% - 42.3% 29.2% - 42.3% N/A
*Please click here for more information

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Livestock Loan 12.0% annual, Flat 1 Fee 0 Ins Ins None N/A 25.5% - 25.7% 25.5% - 25.7% 47
Rural Trust Bank 12.0%-15.0% annual, Flat 1 Fee 1 Ins Ins None N/A 30.4% - 39.3% 30.4% - 39.3% 34
Student Loan 15.0% annual, Flat 1 Fee 0 Ins Ins None N/A 28.3% - 28.6% 28.3% - 28.6% 52
Urban Trust Bank 12.0%-15.5% annual, Flat 1 Fee 1 Ins Ins None N/A 29.2% - 42.3% 29.2% - 42.3% 33

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Group product (MEC loan product) 30.0% annual, Flat 1 Fee 1 Ins Ins None 25.0% upfront 3,000.00 ongoing 52.8% - 54.9% 97% - 141.6% 25
Premium Group 22.0%-24.0% annual, Flat 1 Fee 1 Ins Ins None 25.0% upfront 13,000.00 ongoing 43% - 43.3% 77.9% - 80.5% 27
Salary Loan 36.0% annual, Decl Bal 1 Fee 0 Ins Ins None N/A 39.4% - 42.6% 39.4% - 42.6% 88
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