Number borrowers | 5,072 |
Loan Amount (range) | INR 8,000 - 75,000 |
Loan Term (range) | 3 - 12 |
Other Services (text summary) | Credit Ins |
Annual Interest & Method | 30.0% annual, Decl Bal |
Fees | 2.00%-3.00% upfront |
Insurance | 37.36-350.25 upfront |
Tax | 12.36% fees |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | 25.8% - 29.9% |
Fee Component | 1.0% - 5.3% |
Insurance Component | 0.8% - 1.3% |
Tax Component Range | 0.1% - 0.7% |
Full APR (int fee ins tax dep) | 32.8% - 37.0% |
Transparency Index (min/max) | 81 - 93 |
Transparency Index (average) | 85 |
2,648 |
TZS 50,000 - 4,000,000 |
3 - 12 |
Credit Educ, Group Mtgs, Credit Ins |
48.00% annual, Flat |
None |
None |
None |
20.00% upfront |
54.3% - 93.0% |
0 - 37.2% |
0 |
0 |
91.0% - 138.1% |
35 - 55 |
38 |
Outstanding portfolio (INR) | INR 73,776,249 |
Portfolio (USD) | USD 1,392,004.70 |
Active Clients with Loans | 5,072 |
Approximate % Female Clients | 0% - 20% |
Approximate % Urban Clients | 100% |
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 | 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 | |
Household income <120,000 INR | |
Must live in rural area | |
Must lives in urban area | x |
Other | The client must be the owner of the business. |
Other (2) |
# Regions for this institution | 2 |
# Regions for this product | 2 |
Regions Active | Gujarat, Maharashtra |
Outstanding portfolio (TZS) | TZS 793,564,983.30 |
Portfolio (USD) | USD 499,097.47 |
Active Clients with Loans | 2,648 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 60% - 80% |
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 | x |
Group meetings | x |
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 | |
Other | |
Other (2) |
# Regions for this institution | 4 |
# Regions for this product | 4 |
Regions Active | Dar es Salaam, Mara, Mwanza, Pwani |
Currency | INR |
Minimum loan size | INR 8,000 |
Maximum loan size | 75,000 |
Loans less than INR 5,000 | 0 |
INR 5,000-15,000 | 10% |
INR 15,000-25,000 | 40% |
INR 25,000-35,000 | 20% |
INR 35,000-45,000 | 15% |
Greater than INR 45,000 | 15% |
Shortest loan term | 3.0 months |
Longest loan term | 12.0 months |
Approx average | 7.5 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 5% |
Between 7 and 9 months | 5% |
Between 10 and 12 months | 90% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 100% |
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 50,000 |
Maximum loan size | 4,000,000 |
Loans less than TZS 350,000 | 5% |
TZS 350,000-1,250,000 | 50% |
TZS 1,250,000-2,000,000 | 30% |
TZS 2,000,000-3,000,000 | 15% |
TZS 3,000,000-4,000,000 | 0 |
Greater than TZS 4,000,000 | 0 |
Shortest loan term | 3.0 months |
Longest loan term | 12.0 months |
Approx average | 6.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 40% |
Between 7 and 9 months | 30% |
Between 10 and 12 months | 30% |
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 | 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 | 30.00% |
Highest quoted nominal interest | 30.00% |
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 | 2.00% |
% of loan amount - max | 3.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Product classified as non-qualifying asset. |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Insurance |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 37.36 |
Fixed amount - max | 350.25 |
Reason for variation | Rs 4.67 for every Rs 1000 for a year. |
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 | 48.00% |
Highest quoted nominal interest | 48.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | Yes |
Is rate fixed for entire loan term | Yes |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | No |
Do borrowers control deposit in their group? | Yes |
% loan amount deposited | 20.00% |
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 | Sample 5 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | INR 10,000 | INR 20,500 | INR 35,000 | INR 50,000 | INR 62,500 | ||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
Disbursement Date | 2012-10-15 | 2012-11-27 | 2012-11-17 | 2012-11-28 | 2012-11-29 | ||||
Loan Term (Months) | 12.0 months | 13.0 months | 12.0 months | 12.0 months | 8.0 months | ||||
Grace Period (Months) | 0.1 months | 0.7 months | -0.1 months | 0.3 months | 0.3 months | ||||
Total Cost of Credit | INR 1,986.42 | INR 4,155.84 | INR 6,827.97 | INR 10,181.10 | INR 9,364.39 | ||||
True Price by Comp | |||||||||
Interest price component | 29.9% | 28.1% | 29.8% | 29.5% | 29.7% | ||||
Fee Component | 4.0% | 3.4% | 3.9% | 3.8% | 5.3% | ||||
Insurance Component | 0.9% | 0.9% | 1.0% | 0.9% | 1.3% | ||||
Tax Component | 0.5% | 0.4% | 0.5% | 0.5% | 0.7% | ||||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Full APR (int fee ins tax dep) | 35.3% | 32.8% | 35.2% | 34.7% | 37.0% | ||||
MFIN MFI Earning (Annualised) | 33.9% | 31.5% | 33.7% | 33.3% | 35.0% | ||||
MFIN Cost to Borrower (Annualised) | 35.3% | 32.8% | 35.2% | 34.7% | 37.0% | ||||
Transparency Index | 85 | 91 | 85 | 86 | 81 | ||||
MFIN Transparency Index | 100 | 100 | 100 | 100 | 100 | ||||
Original Repayment Schedule | |||||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | TZS 100,000 | TZS 300,000 | TZS 500,000 | TZS 1,000,000 | TZS 2,000,000 | TZS 3,000,000 | |||||
Loan Cycle (1, 2, 3, etc) | 1 | 6 | 3 | 4 | 5 | 6 | |||||
Disbursement Date | 2013-01-14 | 2013-02-13 | 2013-01-06 | 2013-01-22 | 2013-02-04 | 2013-01-29 | |||||
Loan Term (Months) | 5.6 months | 5.6 months | 7.0 months | 7.0 months | 7.0 months | 11.0 months | |||||
Grace Period (Months) | 0.0 months | 0.0 months | 1.0 month | 0.0 months | 0.0 months | 0.0 months | |||||
Total Cost of Credit | TZS 24,000 | TZS 72,000 | TZS 120,000 | TZS 320,000 | TZS 640,000 | TZS 1,440,000 | |||||
True Price by Comp | |||||||||||
Interest price component | 93.0% | 93.0% | 65.5% | 92.0% | 89.0% | 89.5% | |||||
Fee Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Deposit Component | 45.1% | 45.1% | 25.5% | 42.5% | 39.7% | 37.7% | |||||
Full APR (int fee ins tax dep) | 138.1% | 138.1% | 91.0% | 134.5% | 128.7% | 127.2% | |||||
Transparency Index | 35 | 35 | 53 | 36 | 37 | 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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