Number borrowers | 161 |
Loan Amount (range) | INR 5,000 - 20,000 |
Loan Term (range) | 12 - 24 |
Other Services (text summary) | Credit Educ |
Annual Interest & Method | 24.0% annual, Decl Bal |
Fees | 178.00 upfront 2.00%-0.00% upfront |
Insurance | None |
Tax | 12.36% fees |
Comp Dep | 10.0% upfront |
Range of pricing | |
Interest Price Component | 27.5% - 29.6% |
Fee Component | 1.0% - 5.9% |
Insurance Component | 0 - 1.7% |
Tax Component Range | 0.1% - 0.7% |
Full APR (int fee ins tax dep) | 40.4% - 41.8% |
Transparency Index (min/max) | 57 - 86 |
Transparency Index (average) | 58 |
121 |
TZS 1,000,000 - 10,000,000 |
6 - 24 |
Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training |
24.00% annual, Flat |
2 fees |
1.00% upfront |
None |
15.00% upfront |
40.4% - 49.9% |
2.4% - 9.2% |
1.4% - 3.8% |
0 |
57.5% - 66.4% |
36 - 44 |
38 |
Outstanding portfolio (INR) | INR 1,988,319 |
Portfolio (USD) | USD 37,515.45 |
Active Clients with Loans | 161 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 60% - 80% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | x |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | |
Credit insurance | |
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 | |
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 | Must have children who are studying until the age of 24 yrs. |
Other (2) |
# Regions for this institution | 9 |
# Regions for this product | 9 |
Regions Active | Gujarat, Haryana, Karnataka, Madhya Pradesh, MaharashtraPunjab, Tamil Nadu, Uttar Pradesh, National Capital Territory of Delhi |
Outstanding portfolio (TZS) | TZS 214,607,250 |
Portfolio (USD) | USD 134,973.11 |
Active Clients with Loans | 121 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 40% - 60% |
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 | x |
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 | |
Other (2) |
# Regions for this institution | 3 |
# Regions for this product | 5 |
Regions Active | Arusha, Dar es Salaam, Mwanza, Tanga, Zanzibar Central/South |
Currency | INR |
Minimum loan size | INR 5,000 |
Maximum loan size | 20,000 |
Loans less than INR 5,000 | 0 |
INR 5,000-15,000 | 50% |
INR 15,000-25,000 | 50% |
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 | 24.0 months |
Approx average | 15.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 80% |
Between 13 and 18 months | 5% |
Longer than 18 months | 15% |
Grace period usage | 90% |
Average grace period | 1.0 month |
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 |
Currency | TZS |
Minimum loan size | TZS 1,000,000 |
Maximum loan size | 10,000,000 |
Loans less than TZS 350,000 | 0 |
TZS 350,000-1,250,000 | 0 |
TZS 1,250,000-2,000,000 | 10% |
TZS 2,000,000-3,000,000 | 30% |
TZS 3,000,000-4,000,000 | 20% |
Greater than TZS 4,000,000 | 20% |
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 | 0 |
Between 7 and 9 months | 20% |
Between 10 and 12 months | 50% |
Between 13 and 18 months | 20% |
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 | 24.00% |
Highest quoted nominal interest | 24.00% |
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 | Fee 2 | ||
---|---|---|---|
Description | Documentation Fee | Processing Fee | |
% of loan amount - min | 0 | 2.00% | |
% of loan amount - max | 0 | 0 | |
OR, Fixed amount - min | 178 | 0 | |
Fixed amount - max | 178 | 600 | |
Reason for variation | N/A | Maximum Rs. 600 | |
Appears on Repayment Sched? | Yes | Yes |
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 | End Term |
Minimum interest rate paid | 0 |
Maximum interest rate paid | 0 |
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 | 2.00% |
Highest quoted nominal interest | 2.00% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Registration Fee | Application Fee | |
% of loan amount - min | 1.50% | 0 | |
% of loan amount - max | 1.50% | 0 | |
OR, Fixed amount - min | 0 | 10,000 | |
Fixed amount - max | 0 | 10,000 | |
Reason for variation | N/A | N/A | |
Appears on Repayment Sched? | Yes | No |
Ins 1 | |
---|---|
Description | Loan insurance fund |
% 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? | 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 | 15.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | End Term |
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 | |||
---|---|---|---|---|---|
Loan Amount | INR 20,000 | INR 20,000 | INR 20,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-05-25 | 2013-06-05 | 2013-06-07 | ||
Loan Term (Months) | 12.0 months | 12.0 months | 12.0 months | ||
Grace Period (Months) | 0.2 months | -1.0 months | -1.0 months | ||
Total Cost of Credit | INR 3,894.44 | INR 3,772.44 | INR 3,741.44 | ||
True Price by Comp | |||||
Interest price component | 27.5% | 28.0% | 28.0% | ||
Fee Component | 5.5% | 5.8% | 5.9% | ||
Insurance Component | 0.0% | 0.0% | 0.0% | ||
Tax Component | 0.7% | 0.7% | 0.7% | ||
Deposit Component | 6.7% | 7.1% | 7.2% | ||
Full APR (int fee ins tax dep) | 40.4% | 41.6% | 41.8% | ||
MFIN MFI Earning (Annualised) | 33.0% | 33.8% | 33.9% | ||
MFIN Cost to Borrower (Annualised) | 40.4% | 41.6% | 41.8% | ||
Transparency Index | 59 | 58 | 57 | ||
MFIN Transparency Index | 87 | 86 | 86 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | TZS 1,000,000 | TZS 2,000,000 | TZS 3,000,000 | TZS 4,000,000 | TZS 5,000,000 | ||||
Loan Cycle (1, 2, 3, etc) | 1 | 1 | 1 | 1 | 3 | ||||
Disbursement Date | 2013-02-14 | 2013-02-14 | 2013-02-20 | 2013-01-30 | 2013-01-31 | ||||
Loan Term (Months) | 9.0 months | 12.0 months | 12.0 months | 12.0 months | 18.0 months | ||||
Grace Period (Months) | -0.1 months | -0.1 months | -0.1 months | -0.2 months | 0.1 months | ||||
Total Cost of Credit | TZS 215,000 | TZS 540,000 | TZS 805,000 | TZS 1,070,000 | TZS 1,935,000 | ||||
True Price by Comp | |||||||||
Interest price component | 41.0% | 41.2% | 41.2% | 43.0% | 40.4% | ||||
Fee Component | 6.5% | 4.0% | 3.7% | 3.7% | 2.4% | ||||
Insurance Component | 2.6% | 2.1% | 2.1% | 2.1% | 1.4% | ||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Deposit Component | 16.3% | 15.1% | 15.0% | 16.0% | 13.3% | ||||
Full APR (int fee ins tax dep) | 66.4% | 62.4% | 62.0% | 64.8% | 57.5% | ||||
Transparency Index | 36 | 38 | 39 | 37 | 42 | ||||
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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