2. SCCI
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. FINCA Tanzania
Please note that the information you are viewing is 117 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

SWAWS Credit Corporation India Private Limited C2 Pooja Plaza, Vikrampuri ColonyKharkhanaSecunderabad, Andhra Pradesh500003
Data approved: 2013-05-14
Data version: 2
Age of data: 139 months
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Institution

FINCA Tanzania M.F.C. Limited Plot # 84 Morogoro Rd,Dar es SalaamP.O Box 78783
Data approved: 2014-11-04
Data version: 3
Age of data: 117 months
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Product

Fortnightly Loan Product 1 of 3 « Prev | Next »

Product

Village Banking Loan Product 3 of 3 « Prev | Next »

Product Summary

Number borrowers21,038
Loan Amount (range)INR 5,000 - 30,000
Loan Term (range)12 - 24
Other Services (text summary)Credit Educ, Group Mtgs, Credit Ins, Business Training
Annual Interest & Method25.0%-26.7% annual, Decl Bal
Fees1.00% upfront
Insurance0.70% upfront
Tax12.36% fees
Comp DepN/A
Range of pricing 
Interest Price Component25.8% - 27.3%
Fee Component2.1% - 2.3%
Insurance Component1.5% - 1.6%
Tax Component Range0.3%
Full APR (int fee ins tax dep)30.9% - 31.5%
Transparency Index (min/max)79 - 84
Transparency Index (average)80

Product Summary

56,067
TZS 30,000 - 3,000,000
6 - 10
Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training
78.0% annual, Decl Bal
None
None
None
N/A
 
58.6% - 82.2%
0 - 3.6%
0
0
75.7% - 82.2%
60 - 100
98

Product Details

Key Statistics
Outstanding portfolio (INR)INR 162,845,583
Portfolio (USD)USD 3,072,558.17
Active Clients with Loans21,038
Approximate % Female Clients100%
Approximate % Urban Clients60% - 80%
Methodology
Individualx
Solidarity group
Village banking
Self help groupx
OtherJoint Liability Group
Description
Loan Product with a repayment on fortnightly basis , offering loans in the range of Rs.10000-30000 @13.5%(flat).
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Educationx
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visits
Business trainingx
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 group
Household income <60,000 INRx
Household income <120,000 INRx
Must live in rural area
Must lives in urban area
Other3 Out of 5 members should have own house in a group
Other (2)Age should be above 18 and upto 58
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution5
# Regions for this product3
Regions ActiveAndhra Pradesh, Orissa, Tamil Nadu

Product Details

Key Statistics
Outstanding portfolio (TZS)TZS 16,313,780,319
Portfolio (USD)USD 10,260,239.19
Active Clients with Loans56,067
Approximate % Female Clients60% - 80%
Approximate % Urban Clients20% - 40%
Methodology
Individual
Solidarity group
Village bankingx
Self help group
Other
Description
This loans are given to groups that range from between 15 and 30.
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 visitsx
Business trainingx
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 institution14
# Regions for this product17
Regions ActiveArusha, Dar es Salaam, Dodoma, Iringa, Kagera, Kilimanjaro, Manyara, MaraMbeya, Morogoro, Mwanza, Pwani, Ruvuma, ShinyangaSingida, Tabora, Tanga

Loan Conditions

Loan Amount
CurrencyINR
Minimum loan sizeINR 5,000
Maximum loan size30,000
Distribution at Disbursement (Est.)
Loans less than INR 5,0005%
INR 5,000-15,00090%
INR 15,000-25,0005%
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 term24.0 months
Approx averageDK
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months60%
Between 13 and 18 months40%
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeksx
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyTZS
Minimum loan sizeTZS 30,000
Maximum loan size3,000,000
Distribution at Disbursement (Est.)
Loans less than TZS 350,00040%
TZS 350,000-1,250,00050%
TZS 1,250,000-2,000,00010%
TZS 2,000,000-3,000,0000
TZS 3,000,000-4,000,0000
Greater than TZS 4,000,0000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term10.0 months
Approx average6.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months30%
Between 7 and 9 months40%
Between 10 and 12 months30%
Between 13 and 18 months0
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 interest25.00%
Highest quoted nominal interest26.72%
Reason(s) why interest rate variesLoan Size, Changes in Interest rates are due to competition, company performance and regulation
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 - min0.70%
% of loan amount - max0.70%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
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 interest6.50%
Highest quoted nominal interest6.50%
Interest rate periodMonthly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
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
Institution meets the insurance charges for all customers, spouse and up to 4 children aged below 18

Full Pricing Data

Fortnightly Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountINR 10,000INR 15,000INR 12,000INR 12,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2012-09-062012-09-252012-09-062012-09-06
Loan Term (Months)11.0 months11.0 months11.0 months11.0 months
Grace Period (Months)-0.3 months-0.3 months-0.3 months-0.3 months
Total Cost of CreditINR 1,507.36INR 2,298.54INR 1,818.83INR 1,818.83
True Price by Comp       
Interest price component27.3%27.2%26.8%26.8%
Fee Component2.3%2.2%2.3%2.3%
Insurance Component1.6%1.5%1.5%1.5%
Tax Component0.3%0.3%0.3%0.3%
Deposit Component0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)31.5%31.2%30.9%30.9%
MFIN MFI Earning (Annualised)29.6%29.4%29.1%29.1%
MFIN Cost to Borrower (Annualised)31.5%31.2%30.9%30.9%
Transparency Index79808181
MFIN Transparency Index92929393
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula

Full Pricing Data

Village Banking Loan samples
Loan Amount
Type of Sample
Disbursement Date
Loan Term (Months)
Grace Period (Months)
Total Cost of Credit
Full APR (int fee ins tax dep)
True Price by Component
Transparency Index
Original Repayment Schedule
MFT Pricing Calculation
Interest price component
Fee Component
Insurance Component
Tax Component
Deposit Component
TZS 1,200,000 Real 2014-12-16 7.4 months N/A TZS 376,677.98 82.2% 82.2% 0.0% 0.0% 0.0% 0.0% 95 PDF PDF
TZS 1,200,000 Generated 2015-03-01 7.0 months N/A TZS 347,585.42 79.4% 79.4% 0.0% 0.0% 0.0% 0.0% 98 - PDF
TZS 350,000 Real 2014-12-29 5.5 months N/A TZS 83,793.43 82.2% 82.2% 0.0% 0.0% 0.0% 0.0% 95 PDF PDF
TZS 350,000 Generated 2015-03-01 6.0 months N/A TZS 87,622.16 79.4% 79.4% 0.0% 0.0% 0.0% 0.0% 98 - PDF
TZS 75,000 Generated 2015-03-01 9.0 months N/A TZS 26,307.46 75.7% 75.7% 0.0% 0.0% 0.0% 0.0% 100 - PDF
TZS 300,000 Generated 2015-03-01 9.0 months N/A TZS 105,229.83 75.7% 75.7% 0.0% 0.0% 0.0% 0.0% 100 - PDF
TZS 550,000 Generated 2015-03-01 9.0 months N/A TZS 192,921.35 75.7% 75.7% 0.0% 0.0% 0.0% 0.0% 100 - PDF
TZS 750,000 Generated 2015-03-01 6.0 months N/A TZS 178,167.38 75.7% 75.7% 0.0% 0.0% 0.0% 0.0% 100 - PDF
TZS 900,000 Generated 2015-03-01 9.0 months N/A TZS 315,689.49 75.7% 75.7% 0.0% 0.0% 0.0% 0.0% 100 - PDF
TZS 2,500,000 Generated 2015-03-01 10.0 months N/A TZS 974,184.89 75.7% 75.7% 0.0% 0.0% 0.0% 0.0% 100 - PDF
Fortnightly Loan Price Graphs


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Village Banking Loan Price Graphs


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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
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