2. Swadhaar
Please note that the information you are viewing is 139 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. Tujijenge Tanzania
Please note that the information you are viewing is 135 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Swadhaar FinServe Pvt. Ltd. 5/39 Shree Om Co-operative Housing SocietyGuru Narayan Road, Santacruz (E)Mumbai, MaharashtraPO Box 400001
Data approved: 2013-01-22
Data version: 3
Age of data: 139 months
Choose version
  • No previous version for this product.

Institution

Tujijenge Tanzania Limited Head OfficeDar Es SalaamPO Box 22320
Data approved: 2013-05-30
Data version: 2
Age of data: 135 months
Choose version

Product

Top Up Loan Product 3 of 3 « Prev | Next »

Product

MYC4 Loan Product 4 of 4 « Prev | Next »

Product Summary

Number borrowers391
Loan Amount (range)INR 2,000 - 5,000
Loan Term (range)12
Other Services (text summary)Credit Ins
Annual Interest & Method26.0% annual, Decl Bal
Fees1.00% upfront
Insurance9.34-23.35 upfront
Tax12.36% fees
Comp DepN/A
Range of pricing 
Interest Price Component25.8% - 29.9%
Fee Component1.0% - 5.3%
Insurance Component0.8% - 1.3%
Tax Component Range0.1% - 0.7%
Full APR (int fee ins tax dep)28.8% - 29.2%
Transparency Index (min/max)81 - 93
Transparency Index (average)89

Product Summary

160
TZS 500,000 - 50,000,000
6 - 18
Credit Educ, Group Mtgs, Credit Ins
40.08% annual, Decl Bal
2 fees
None
None
N/A
 
54.3% - 93.0%
0 - 37.2%
0
0
73.1% - 91.5%
35 - 55
50

Product Details

Key Statistics
Outstanding portfolio (INR)INR 26,971,403
Portfolio (USD)USD 508,894.40
Active Clients with Loans391
Approximate % Female Clients100%
Approximate % Urban Clients100%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Top up Loan is a group loan targeted at clients with a good repayment behavior. To access this loan, at least three group members are required.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Men
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age groupx
Household income <60,000 INR
Household income <120,000 INRx
Must live in rural area
Must lives in urban areax
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution2
# Regions for this product2
Regions ActiveGujarat, Maharashtra

Product Details

Key Statistics
Outstanding portfolio (TZS)TZS 326,882,769.50
Portfolio (USD)USD 205,586.65
Active Clients with Loans160
Approximate % Female Clients40% - 60%
Approximate % Urban Clients80% - 100%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
The loan purpose is to finance a wide range of working capital requirements for micro and small entrepreneurs.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution4
# Regions for this product4
Regions ActiveDar es Salaam, Mara, Mtwara, Pwani

Loan Conditions

Loan Amount
CurrencyINR
Minimum loan sizeINR 2,000
Maximum loan size5,000
Distribution at Disbursement (Est.)
Loans less than INR 5,000100%
INR 5,000-15,0000
INR 15,000-25,0000
INR 25,000-35,0000
INR 35,000-45,0000
Greater than INR 45,0000
Loan Term and Grace Period
Shortest loan term12.0 months
Longest loan term12.0 months
Approx average12.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months100%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage100%
Average grace period1.0 month
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyTZS
Minimum loan sizeTZS 500,000
Maximum loan size50,000,000
Distribution at Disbursement (Est.)
Loans less than TZS 350,0000
TZS 350,000-1,250,00010%
TZS 1,250,000-2,000,00010%
TZS 2,000,000-3,000,00010%
TZS 3,000,000-4,000,00020%
Greater than TZS 4,000,00020%
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term18.0 months
Approx average12.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months15%
Between 7 and 9 months50%
Between 10 and 12 months30%
Between 13 and 18 months5%
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest26.00%
Highest quoted nominal interest26.00%
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsurance
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min9.34
Fixed amount - max23.35
Reason for variationRs 4.67 for every Rs. 1000 for a year.
Appears on Repayment Sched?Yes
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?Yes
Percentage of fees12.4%
All or some fees taxedSome

Pricing Information

Interest
Lowest quoted nominal interest40.08%
Highest quoted nominal interest40.08%
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?Yes
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionLoan Application FeeLoan Processing Fee
% of loan amount - min06.00%
% of loan amount - max06.00%
OR, Fixed amount - min20,0000
Fixed amount - max20,0000
Reason for variationN/AN/A
Appears on Repayment Sched?YesNo
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No
Additional Comments
Funding source for this product is MYC4. The processing fee is distributed as follows: 4% Tujijenge and 2% MYC4.

Full Pricing Data

Top Up Loan samples
Sample 1Sample 2Sample 3
Loan AmountINR 2,000INR 3,000INR 5,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2012-11-242012-11-242012-11-24
Loan Term (Months)13.0 months13.0 months13.0 months
Grace Period (Months)0.6 months0.5 months0.6 months
Total Cost of CreditINR 343.81INR 520.71INR 880.53
True Price by Comp     
Interest price component26.2%26.2%26.0%
Fee Component1.9%1.8%1.8%
Insurance Component0.9%0.9%0.8%
Tax Component0.2%0.2%0.2%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)29.2%29.1%28.8%
MFIN MFI Earning (Annualised)28.1%28.0%27.8%
MFIN Cost to Borrower (Annualised)29.2%29.1%28.8%
Transparency Index898990
MFIN Transparency Index9999100
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula

Full Pricing Data

MYC4 Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountTZS 520,997.40TZS 1,043,200TZS 2,000,000TZS 3,216,350TZS 4,176,200TZS 5,215,012.60
Loan Cycle (1, 2, 3, etc)111221
Disbursement Date2012-08-212013-01-172012-11-072012-11-302012-11-262012-10-25
Loan Term (Months)6.0 months6.0 months6.0 months8.0 months8.0 months8.0 months
Grace Period (Months)0.0 months0.1 months0.0 months0.0 months0.0 months0.1 months
Total Cost of CreditTZS 139,586.32TZS 259,449.28TZS 479,066.94TZS 914,431.82TZS 1,194,136.38TZS 1,486,198
True Price by Comp           
Interest price component54.3%55.2%55.0%54.9%54.7%54.5%
Fee Component37.2%29.9%26.3%19.8%19.0%18.6%
Insurance Component0.0%0.0%0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)91.5%85.1%81.3%74.7%73.7%73.1%
Transparency Index444749545455
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF
Top Up Loan Price Graphs


Click to view Price Analysis Tool
MYC4 Loan Price Graphs


Click to view Price Analysis Tool
Caps / Zoom options
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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
Loading...
X Axis
Greater than:
Less or equal to:
N (# of Samples)
Total Borrrowers of Samples
Avg
Min
Max
Std Dev
By Inst Type
By Country

Total Borrowers of Samples

X Axis
Greater than:
Less or equal to:
From 0 to
to
to
to ∞