Number borrowers | 16,336 |
Loan Amount (range) | INR 9,000 - 15,000 |
Loan Term (range) | 12 |
Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins |
Annual Interest & Method | 21.0% annual, Decl Bal |
Fees | None |
Insurance | 3.00% upfront |
Tax | None |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 25.7% (Int+Fee) |
Insurance Component | 0.9% - 1.0% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 26.6% |
Transparency Index (min/max) | 45 - 79 |
Transparency Index (average) | 79 |
672 |
TZS 100,000 - 2,200,000 |
3 - 6 |
Business Training |
30.00% annual, Flat |
2.00% upfront |
0.65% upfront |
None |
15.00% upfront |
29.1% - 53.4% |
1.5% - 8.5% |
0.5% - 2.8% |
0 |
78.8% - 86.5% |
25 - 75 |
37 |
Outstanding portfolio (INR) | INR 167,595,305 |
Portfolio (USD) | USD 3,162,175.57 |
Active Clients with Loans | 16,336 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 20% - 40% |
Individual | |
Solidarity group | |
Village banking | x |
Self help group | |
Other |
Any purpose | x |
Income generation | |
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 | |
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 | |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Outstanding portfolio (TZS) | TZS 221,703,736 |
Portfolio (USD) | USD 139,436.31 |
Active Clients with Loans | 672 |
Approximate % Female Clients | 60% - 80% |
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 | |
Group meetings | |
Credit insurance | |
Workplace visits | |
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 | 1 |
# Regions for this product | 1 |
Regions Active | Kilimanjaro |
Currency | INR |
Minimum loan size | INR 9,000 |
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 | 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 |
Currency | TZS |
Minimum loan size | TZS 100,000 |
Maximum loan size | 2,200,000 |
Loans less than TZS 350,000 | 20% |
TZS 350,000-1,250,000 | 30% |
TZS 1,250,000-2,000,000 | 30% |
TZS 2,000,000-3,000,000 | 20% |
TZS 3,000,000-4,000,000 | 0 |
Greater than TZS 4,000,000 | 0 |
Shortest loan term | 3.0 months |
Longest loan term | 6.0 months |
Approx average | 6.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 100% |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 0 |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | x |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 21.00% |
Highest quoted nominal interest | 21.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Ins 1 | |
---|---|
Description | Upfront Fee and Insurance |
% of loan amount - min | 3.00% |
% of loan amount - max | 3.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
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 |
Lowest quoted nominal interest | 2.50% |
Highest quoted nominal interest | 2.50% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Loan Facility / Set Up Fee |
% of loan amount - min | 2.00% |
% of loan amount - max | 2.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Credit life Assurance |
% of loan amount - min | 0.65% |
% of loan amount - max | 0.65% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Required for | Some |
Criteria | For those withought frequent deposits |
Is deposit indicated on the repayment schedule? | No |
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 | 5.00% |
Maximum interest rate paid | 5.00% |
Interest payment frequency | Monthly |
Are taxes charged on this product? | No |
Sample 1 | |
---|---|
Loan Amount | INR 9,000 |
Loan Cycle (1, 2, 3, etc) | Not Known |
Disbursement Date | 2010-04-20 |
Loan Term (Months) | 12.0 months |
Grace Period (Months) | 0 |
Total Cost of Credit | Not Known |
True Price by Comp | |
Interest and Fee Component | 25.7% |
Insurance Component | 0.9% |
Tax Component | 0 |
Deposit Component | 0 |
Full APR (int fee ins tax dep) | 26.6% |
MFIN MFI Earning (Annualised) | 25.7% |
MFIN Cost to Borrower (Annualised) | 26.6% |
Transparency Index | 79 |
MFIN Transparency Index | N/A |
Original Repayment Schedule | |
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | TZS 100,000 | TZS 200,000 | TZS 400,000 | TZS 1,000,000 | TZS 1,500,000 | ||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
Disbursement Date | 2013-02-04 | 2013-01-07 | 2013-01-03 | 2013-01-08 | 2013-01-04 | ||||
Loan Term (Months) | 11.0 months | 11.0 months | 8.0 months | 5.6 months | 11.0 months | ||||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | ||||
Total Cost of Credit | TZS 30,342 | TZS 60,685 | TZS 93,677 | TZS 164,962 | TZS 455,135 | ||||
True Price by Comp | |||||||||
Interest price component | 53.1% | 53.1% | 53.4% | 53.0% | 53.1% | ||||
Fee Component | 4.6% | 4.6% | 5.9% | 8.5% | 4.6% | ||||
Insurance Component | 1.5% | 1.5% | 1.9% | 2.8% | 1.5% | ||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Deposit Component | 19.6% | 19.6% | 20.9% | 22.2% | 19.6% | ||||
Full APR (int fee ins tax dep) | 78.8% | 78.8% | 82.1% | 86.5% | 78.8% | ||||
Transparency Index | 38 | 38 | 37 | 35 | 38 | ||||
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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