Number borrowers | 505,914 |
Loan Amount (range) | INR 5,000 - 50,000 |
Loan Term (range) | 12 - 24 |
Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins |
Annual Interest & Method | 26.0% annual, Decl Bal |
Fees | 1.00% upfront |
Insurance | 0.33% upfront |
Tax | 12.36% fees |
Comp Dep | N/A |
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) | 30.4% - 33.4% |
Transparency Index (min/max) | 57 - 86 |
Transparency Index (average) | 83 |
100,061 |
TZS 175,000 - 2,600,000 |
6 - 12 |
Credit Educ, Group Mtgs, Credit Ins, Other Training, Training on health, women empowerment and income generating opportunities. |
32.5%-33.8% annual, Flat |
1.00% upfront |
None |
None |
10.0% upfront |
42.4% - 62.8% |
2.1% - 5.3% |
0 |
0 |
73.8% - 82.7% |
39 - 47 |
41 |
Outstanding portfolio (INR) | INR 6,309,129,714 |
Portfolio (USD) | USD 119,040,183.30 |
Active Clients with Loans | 505,914 |
Approximate % Female Clients | 100% |
Approximate % Urban Clients | 100% |
Individual | |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | x |
Consumer loan | x |
Agriculture | |
Education | x |
Other household finance | x |
Other | |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services |
Men | |
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 | Group members must live within each other's vicinity. |
Other (2) | Must demonstrate capacity to repay. |
# 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 26,697,406,938 |
Portfolio (USD) | USD 16,790,821.97 |
Active Clients with Loans | 100,061 |
Approximate % Female Clients | 100% |
Approximate % Urban Clients | 20% - 40% |
Individual | |
Solidarity group | x |
Village banking | |
Self help group | |
Other | 15-30 individual in one group |
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 | |
Business training | |
Other training | x |
Other | Training on health, women empowerment and income generating opportunities. |
Other (2) | |
No other services |
Men | |
Women | x |
Must run a business | x |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | x |
Other | 20- 50 years old |
Other (2) |
# Regions for this institution | 18 |
# Regions for this product | 18 |
Regions Active | Arusha, Dar es Salaam, Dodoma, Iringa, Kagera, Kilimanjaro, Manyara, MaraMbeya, Morogoro, Mwanza, ShinyangaSingida, Tabora, Tanga, Zanzibar Central/South, Zanzibar North, Zanzibar Urban/West |
Currency | INR |
Minimum loan size | INR 5,000 |
Maximum loan size | 50,000 |
Loans less than INR 5,000 | 0 |
INR 5,000-15,000 | 70% |
INR 15,000-25,000 | 20% |
INR 25,000-35,000 | 10% |
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 | 70% |
Between 13 and 18 months | 0 |
Longer than 18 months | 30% |
Grace period usage | 70% |
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 175,000 |
Maximum loan size | 2,600,000 |
Loans less than TZS 350,000 | 30% |
TZS 350,000-1,250,000 | 60% |
TZS 1,250,000-2,000,000 | 5% |
TZS 2,000,000-3,000,000 | 5% |
TZS 3,000,000-4,000,000 | 0 |
Greater than TZS 4,000,000 | 0 |
Shortest loan term | 6.0 months |
Longest loan term | 12.0 months |
Approx average | 10.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 20% |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 80% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | x |
Every 2 weeks | |
Every 4 weeks | |
Monthly | |
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% |
Reason(s) why interest rate varies | Time as Client |
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 |
Ins 1 | |
---|---|
Description | Insurance premium |
% of loan amount - min | 0.33% |
% of loan amount - max | 0.33% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Premium is 0.325% of loan amount. If cover is for both borrower & co-borrower for 24 months, the total will be 0.325% of loan amount times 4. |
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 | Some |
Lowest quoted nominal interest | 0.63% |
Highest quoted nominal interest | 0.65% |
Reason(s) why interest rate varies | Time as Client, 13% for 20 weeks and 25% for 40 weeks. |
Interest rate period | Weekly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Appraisal 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 | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | No |
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? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | INR 15,000 | INR 20,000 | INR 25,000 | INR 30,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2013-04-01 | 2013-04-04 | 2013-04-01 | 2013-04-01 | |||
Loan Term (Months) | 12.0 months | 24.0 months | 24.0 months | 24.0 months | |||
Grace Period (Months) | 0.0 months | -0.1 months | 0.0 months | 0.0 months | |||
Total Cost of Credit | INR 2,908.54 | INR 6,974.72 | INR 8,795.90 | INR 10,552 | |||
True Price by Comp | |||||||
Interest price component | 29.6% | 27.9% | 27.9% | 27.9% | |||
Fee Component | 1.9% | 1.1% | 1.0% | 1.0% | |||
Insurance Component | 1.7% | 1.4% | 1.4% | 1.4% | |||
Tax Component | 0.2% | 0.1% | 0.1% | 0.1% | |||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Full APR (int fee ins tax dep) | 33.4% | 30.5% | 30.4% | 30.4% | |||
MFIN MFI Earning (Annualised) | 31.5% | 29.0% | 28.9% | 28.9% | |||
MFIN Cost to Borrower (Annualised) | 33.4% | 30.5% | 30.4% | 30.4% | |||
Transparency Index | 78 | 85 | 86 | 86 | |||
MFIN Transparency Index | 88 | 93 | 93 | 93 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | TZS 200,000 | TZS 450,000 | TZS 900,000 | TZS 1,100,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2013-04-10 | 2013-02-27 | 2013-03-22 | 2013-04-01 | |||
Loan Term (Months) | 4.6 months | 9.0 months | 9.0 months | 9.0 months | |||
Grace Period (Months) | 0.0 months | -0.2 months | -0.1 months | 0.0 months | |||
Total Cost of Credit | TZS 28,000 | TZS 118,500 | TZS 237,000 | TZS 287,000 | |||
True Price by Comp | |||||||
Interest price component | 62.8% | 62.0% | 61.1% | 58.7% | |||
Fee Component | 5.3% | 2.9% | 2.8% | 2.8% | |||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 14.6% | 13.4% | 13.1% | 12.3% | |||
Full APR (int fee ins tax dep) | 82.7% | 78.3% | 77.0% | 73.8% | |||
Transparency Index | 39 | 42 | 42 | 44 | |||
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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