Number borrowers | 7,128 |
Loan Amount (range) | INR 5,000 - 50,000 |
Loan Term (range) | 6 - 12 |
Other Services (text summary) | Credit Educ, Credit Ins, Business Training |
Annual Interest & Method | 16.0% annual, Flat |
Fees | 30.00% upfront |
Insurance | 2.00% upfront |
Tax | None |
Comp Dep | 10.0% upfront |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 36.6% (Int+Fee) |
Insurance Component | 0.7% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 45.4% |
Transparency Index (min/max) | 35 |
Transparency Index (average) | 35 |
521 |
TZS 100,000 - 100,000,000 |
6 - 24 |
Tech Asst Visits, Other Training |
21.60% 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 |
42.8% - 58.4% |
25 - 75 |
43 |
Outstanding portfolio (INR) | INR 25,565,573 |
Portfolio (USD) | USD 482,369.30 |
Active Clients with Loans | 7,128 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 60% - 80% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | x |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | |
Credit insurance | x |
Workplace visits | |
Business training | x |
Other training | |
Other | |
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 | |
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 1,100,000,000 |
Portfolio (USD) | USD 691,823.90 |
Active Clients with Loans | 521 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 0% - 20% |
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 | |
Group meetings | |
Credit insurance | |
Workplace visits | x |
Business training | |
Other training | x |
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 5,000 |
Maximum loan size | 50,000 |
Shortest loan term | 6.0 months |
Longest loan term | 12.0 months |
Approx average | 9.0 months |
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 |
Currency | TZS |
Minimum loan size | TZS 100,000 |
Maximum loan size | 100,000,000 |
Loans less than TZS 350,000 | 15% |
TZS 350,000-1,250,000 | 15% |
TZS 1,250,000-2,000,000 | 15% |
TZS 2,000,000-3,000,000 | 15% |
TZS 3,000,000-4,000,000 | 15% |
Greater than TZS 4,000,000 | 15% |
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 | 20% |
Between 13 and 18 months | 30% |
Longer than 18 months | 30% |
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 | 16.00% |
Highest quoted nominal interest | 16.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Processing Fee |
% of loan amount - min | 30.00% |
% of loan amount - max | 30.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Insurance |
% 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 |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | Yes |
Do borrowers control deposit in their group? |
% loan amount deposited | 10.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | Final Pmt |
Minimum interest rate paid | 0 |
Maximum interest rate paid | 0 |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
Lowest quoted nominal interest | 1.80% |
Highest quoted nominal interest | 1.80% |
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 without 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 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | INR 5,000 | INR 10,000 | INR 15,000 | INR 20,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2010-04-03 | 2010-05-10 | 2010-05-23 | 2010-06-04 | |||
Loan Term (Months) | 10.7 months | 10.7 months | 10.7 months | 10.7 months | |||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||
Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | |||
True Price by Comp | |||||||
Interest and Fee Component | 36.6% | 36.6% | 36.6% | 36.6% | |||
Insurance Component | 0.7% | 0.7% | 0.7% | 0.7% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 8.1% | 8.1% | 8.1% | 8.1% | |||
Full APR (int fee ins tax dep) | 45.4% | 45.4% | 45.4% | 45.4% | |||
MFIN MFI Earning (Annualised) | 36.6% | 36.6% | 36.6% | 36.6% | |||
MFIN Cost to Borrower (Annualised) | 45.4% | 45.4% | 45.4% | 45.4% | |||
Transparency Index | 35 | 35 | 35 | 35 | |||
MFIN Transparency Index | N/A | N/A | N/A | N/A | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | TZS 300,000 | TZS 500,000 | TZS 1,500,000 | TZS 2,500,000 | TZS 5,000,000 | ||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | 0 | ||||
Disbursement Date | 2013-01-11 | 2013-02-26 | 2013-01-02 | 2013-03-13 | 2013-05-08 | ||||
Loan Term (Months) | 5.8 months | 12.0 months | 24.0 months | 36.0 months | 18.0 months | ||||
Grace Period (Months) | -0.2 months | -0.1 months | -0.3 months | -0.2 months | 0.0 months | ||||
Total Cost of Credit | TZS 36,150 | TZS 108,250 | TZS 579,750 | TZS 1,416,250 | TZS 1,636,600 | ||||
True Price by Comp | |||||||||
Interest price component | 33.4% | 33.2% | 32.1% | 30.7% | 34.5% | ||||
Fee Component | 7.7% | 4.0% | 2.3% | 1.5% | 2.8% | ||||
Insurance Component | 2.5% | 1.3% | 0.7% | 0.5% | 0.9% | ||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Deposit Component | 14.8% | 13.1% | 11.6% | 10.1% | 12.5% | ||||
Full APR (int fee ins tax dep) | 58.4% | 51.6% | 46.7% | 42.8% | 50.7% | ||||
Transparency Index | 37 | 42 | 46 | 50 | 43 | ||||
Original Repayment Schedule | |||||||||
MFT Pricing Calculation |
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 |
Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
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