2. Vistaar
Please note that the information you are viewing is 166 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 115 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Vistaar Livelihood Financial services Private Limited No 9,37th Main 3rd Cross. KAS officers layoutBTM 2nd StageBangalore, karnataka560076
Data approved: 2011-01-23
Data version: 1
Age of data: 166 months

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: 115 months
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Product

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Product

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Product Summary

Number borrowers3,661
Loan Amount (range)INR 12,850 - 15,250
Loan Term (range)18
Other Services (text summary)
Annual Interest & Method27.0% annual, Decl Bal
Fees250.00-290.00 upfront
Insurance135.00-155.00 upfront
TaxNone
Comp DepN/A
Range of pricing 
Interest Price ComponentN/A
Fee Component30.2% - 30.3% (Int+Fee)
Insurance Component0.7% - 1.8%
Tax Component Range0
Full APR (int fee ins tax dep)31.0% - 32.1%
Transparency Index (min/max)84 - 88
Transparency Index (average)85

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 47,176,781.23
Portfolio (USD)USD 890,127.95
Active Clients with Loans3,661
Approximate % Female Clients80% - 100%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Given to women in group of 5 with min 4 to max 8 groups per centre. They should be involved in any of the livelihood
Loan Purpose
Any purpose
Income generationx
Mortgage/housingx
Consumer loan
Agriculture
Educationx
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurance
Workplace visits
Business training
Other training
Other
Other (2)
No other servicesx
Eligibility
Men
Womenx
Must run a businessx
Must own a home or landx
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
OtherMin 2 members per group to have own house or shop
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

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 12,850
Maximum loan size15,250
Loan Term and Grace Period
Shortest loan term18.0 months
Longest loan term18.0 months
Approx average18.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months0
Between 13 and 18 months100%
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 interest27.00%
Highest quoted nominal interest27.00%
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min250
Fixed amount - max290
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsurance Fee (Voluntary) including Spouse (including Service Tax)
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min135
Fixed amount - max155
Reason for variationN/A
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?No
Additional Comments
The insurance is not a credit shield but a term life insurnace policy offered to both the customer & the spouse. The sum assured is constant throughout the loan period & is taken as the 2K+ the loan amount.

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

Standard Ticket Loan samples
Sample 1Sample 2Sample 3
Loan AmountINR 12,850INR 14,050INR 15,250
Loan Cycle (1, 2, 3, etc)1Not KnownNot Known
Disbursement Date2010-12-042010-12-042010-12-04
Loan Term (Months)16.8 months16.8 months16.8 months
Grace Period (Months)0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot Known
True Price by Comp     
Interest and Fee Component30.3%30.3%30.2%
Insurance Component1.8%0.7%1.7%
Tax Component0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)32.1%31.0%31.9%
MFIN MFI Earning (Annualised)30.3%30.3%30.2%
MFIN Cost to Borrower (Annualised)32.1%31.0%31.9%
Transparency Index848785
MFIN Transparency IndexN/AN/AN/A
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
* 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
Standard Ticket 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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