Number borrowers | 7,056 |
Loan Amount (range) | INR 16,000 - 50,000 |
Loan Term (range) | 23.9 - 24.3 |
Other Services (text summary) | Group Mtgs, Credit Ins, Other Training |
Annual Interest & Method | 23.5% annual, Decl Bal |
Fees | 1.00% upfront |
Insurance | 2.00% upfront |
Tax | 12.36% fees |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | 22.6% - 26.1% |
Fee Component | 1.0% - 2.2% |
Insurance Component | 2.1% - 2.3% |
Tax Component Range | 0.1% - 0.3% |
Full APR (int fee ins tax dep) | 26.0% - 29.5% |
Transparency Index (min/max) | 76 - 90 |
Transparency Index (average) | 83 |
1,010 |
TZS 100,000 - 1,100,000 |
6 |
Credit Educ, Group Mtgs, Credit Ins, Other Training |
48.00% annual, Flat |
2 fees |
1.00% upfront |
None |
20.00% upfront |
88.5% - 95.0% |
4.3% - 27.1% |
2.2% - 4.7% |
0 |
147.0% - 233.9% |
21 - 60 |
26 |
Outstanding portfolio (INR) | INR 92,621,924 |
Portfolio (USD) | USD 1,747,583.47 |
Active Clients with Loans | 7,056 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 0% - 20% |
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 | x |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | x |
Other | |
Other (2) | |
No other services |
Men | |
Women | x |
Must run a business | |
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 | 2 |
# Regions for this product | 2 |
Regions Active | Bihar, West Bengal |
Outstanding portfolio (TZS) | TZS 192,510,023 |
Portfolio (USD) | USD 121,075.49 |
Active Clients with Loans | 1,010 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 20% - 40% |
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 | 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 | Dar es Salaam |
Currency | INR |
Minimum loan size | INR 16,000 |
Maximum loan size | 50,000 |
Loans less than INR 5,000 | 0 |
INR 5,000-15,000 | 0 |
INR 15,000-25,000 | 80% |
INR 25,000-35,000 | 20% |
INR 35,000-45,000 | 0 |
Greater than INR 45,000 | 0 |
Shortest loan term | 23.9 months |
Longest loan term | 24.3 months |
Approx average | 24.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 0 |
Between 13 and 18 months | 0 |
Longer than 18 months | 100% |
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 | 1,100,000 |
Loans less than TZS 350,000 | 40% |
TZS 350,000-1,250,000 | 60% |
TZS 1,250,000-2,000,000 | 0 |
TZS 2,000,000-3,000,000 | 0 |
TZS 3,000,000-4,000,000 | 0 |
Greater than TZS 4,000,000 | 0 |
Shortest loan term | 6.0 months |
Longest loan term | 6.0 months |
Approx average | 6.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 100% |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 0 |
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 | |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 23.46% |
Highest quoted nominal interest | 23.46% |
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 | 1.00% |
% of loan amount - max | 1.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Insurance 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 |
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 | 4.00% |
Highest quoted nominal interest | 4.00% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Application Fee | Entrance Fee | |
% of loan amount - min | 1.00% | 0 | |
% of loan amount - max | 1.00% | 0 | |
OR, Fixed amount - min | 0 | 5,000 | |
Fixed amount - max | 0 | 5,000 | |
Reason for variation | N/A | N/A | |
Appears on Repayment Sched? | No | No |
Ins 1 | |
---|---|
Description | Life Insurance |
% of loan amount - min | 1.00% |
% of loan amount - max | 1.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | 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 | TZS 1,000 |
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 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | INR 20,000 | INR 28,000 | INR 42,000 | INR 50,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2012-11-23 | 2012-11-06 | 2012-08-06 | 2012-03-06 | |||
Loan Term (Months) | 24.0 months | 25.0 months | 25.0 months | 24.0 months | |||
Grace Period (Months) | 0.2 months | 0.2 months | 0.5 months | 0.0 months | |||
Total Cost of Credit | INR 6,374.72 | INR 8,924.61 | INR 13,386.91 | INR 14,061.80 | |||
True Price by Comp | |||||||
Interest price component | 26.0% | 25.5% | 25.0% | 22.6% | |||
Fee Component | 1.1% | 1.0% | 1.0% | 1.1% | |||
Insurance Component | 2.2% | 2.2% | 2.1% | 2.1% | |||
Tax Component | 0.2% | 0.1% | 0.2% | 0.2% | |||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Full APR (int fee ins tax dep) | 29.5% | 28.8% | 28.3% | 26.0% | |||
MFIN MFI Earning (Annualised) | 27.1% | 26.5% | 26.0% | 23.7% | |||
MFIN Cost to Borrower (Annualised) | 29.5% | 28.8% | 28.3% | 26.0% | |||
Transparency Index | 80 | 81 | 83 | 90 | |||
MFIN Transparency Index | 90 | 92 | 94 | 100 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | TZS 100,000 | TZS 300,000 | TZS 500,000 | TZS 1,000,000 | |||
Loan Cycle (1, 2, 3, etc) | 1 | 1 | 2 | 4 | |||
Disbursement Date | 2013-02-01 | 2013-02-08 | 2013-01-21 | 2013-02-05 | |||
Loan Term (Months) | 5.8 months | 5.8 months | 5.8 months | 8.0 months | |||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||
Total Cost of Credit | TZS 31,000 | TZS 83,000 | TZS 135,000 | TZS 341,800 | |||
True Price by Comp | |||||||
Interest price component | 89.4% | 89.4% | 89.4% | 88.5% | |||
Fee Component | 27.1% | 11.8% | 8.8% | 5.1% | |||
Insurance Component | 4.7% | 4.5% | 4.5% | 3.5% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 112.7% | 65.9% | 58.3% | 49.9% | |||
Full APR (int fee ins tax dep) | 233.9% | 171.6% | 161.0% | 147.0% | |||
Transparency Index | 21 | 28 | 30 | 33 | |||
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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