| Outstanding portfolio (INR) | INR 48,215,481.10 |
| Portfolio (USD) | USD 909,726.06 |
| Active Clients with Loans | 3,131 |
| Approximate % Female Clients | 0% - 20% |
| Approximate % Urban Clients | 80% - 100% |
| 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 | x |
| Workplace visits | |
| Business training | |
| 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 | x |
| Household income <60,000 INR | x |
| Household income <120,000 INR | x |
| Must live in rural area | x |
| Must lives in urban area | x |
| Other | |
| Other (2) |
| # Regions for this institution | 1 |
| # Regions for this product | 1 |
| Regions Active | Bihar |
| 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 | 15% |
| INR 15,000-25,000 | 50% |
| INR 25,000-35,000 | 30% |
| INR 35,000-45,000 | 5% |
| Greater than INR 45,000 | 5% |
| Shortest loan term | 11.5 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 | 60% |
| Between 13 and 18 months | 40% |
| Longer than 18 months | 0 |
| Grace period usage | 0 |
| Average grace period | 0.3 months |
| Daily | |
| Weekly | x |
| Every 2 weeks | x |
| Every 4 weeks | |
| Monthly | x |
| 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% |
| 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 | 0.88% |
| % of loan amount - max | 0.88% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | Yes |
| Ins 1 | |
|---|---|
| Description | Insurance Fee |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 51 |
| Fixed amount - max | 51 |
| Reason for variation | Insurance is 51 per 10,000 INR. Cover includes spouse. |
| 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 |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | INR 5,000 | INR 10,000 | INR 20,000 | INR 30,000 | INR 40,000 | ||||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
| Disbursement Date | 2012-09-25 | 2012-12-27 | 2012-11-16 | 2012-12-31 | 2012-10-31 | ||||
| Loan Term (Months) | 11.0 months | 12.0 months | 24.0 months | 24.0 months | 24.0 months | ||||
| Grace Period (Months) | 0.1 months | 0.2 months | 0.2 months | 0.1 months | 0.0 months | ||||
| Total Cost of Credit | INR 667 | INR 1,605 | INR 6,168 | INR 9,286 | INR 12,055 | ||||
| True Price by Comp | |||||||||
| Interest price component | 26.0% | 25.9% | 25.9% | 26.3% | 25.9% | ||||
| Fee Component | 2.0% | 1.7% | 0.9% | 0.9% | 0.9% | ||||
| Insurance Component | 0.0% | 1.0% | 0.5% | 0.6% | 0.6% | ||||
| Tax Component | 0.3% | 0.2% | 0.2% | 0.1% | 0.1% | ||||
| Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Full APR (int fee ins tax dep) | 28.3% | 28.8% | 27.5% | 27.9% | 27.5% | ||||
| MFIN MFI Earning (Annualised) | 28.0% | 27.6% | 26.8% | 27.2% | 26.8% | ||||
| MFIN Cost to Borrower (Annualised) | 28.3% | 28.8% | 27.5% | 27.9% | 27.5% | ||||
| Transparency Index | 92 | 90 | 95 | 93 | 94 | ||||
| MFIN Transparency Index | 100 | 100 | 100 | 99 | 100 | ||||
| Original Repayment Schedule | |||||||||
| MFT Pricing Calculation |
| Institution Type | Non Bank Financial Institution |
| Is this institution regulated? | No |
| Website address | http://www.victoriafinance.co.tz/ |
| Year established | 2009 |
| Head of Institution | Wilbard John Makishe |
| Regions active | |
| # Branches | 1 |
| Total Portfolio (nat'l) | TZS 600,000,000 |
| Total Portfolio (USD) | USD 377,358.49 |
| Active clients with loans | 145 |
| Approximate % female clients | 20% - 40% |
| Approximate % urban clients | 80% - 100% |
| Network affiliations | TAMFI |
| Funders |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Biashara Small Loan | TZS 500,000 - 10,000,000 | 1 - 12 | 20% - 40% | 80% - 100% | Business | Women, Men, Have business | Credit Educ |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Biashara Small Loan | 30.00% annual, Flat | 2 Fees | 1 Ins | None | N/A | 59.7% - 69.9% | 67.6% - 78.2% | 42 |
| Key Statistics | |
|---|---|
| # Samples: | |
| # Products | |
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| # 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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