2. SMILE
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

S.M.I.L.E. Microfinance Limited 4, Dr.Natesan RoadAshok NagarChennai, Tamilnadu600083
Data approved: 2013-05-21
Data version: 1
Age of data: 139 months

Institution

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

Micro Loan (IGP) Product 1 of 1 « Prev | Next »

Product

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Product Summary

Number borrowers360,271
Loan Amount (range)INR 5,000 - 30,000
Loan Term (range)6 - 24
Other Services (text summary)Group Mtgs, Credit Ins
Annual Interest & Method26.0% annual, Decl Bal
Fees0.89% upfront
Insurance60.00-224.00 upfront
Tax12.36% fees
Comp DepN/A
Range of pricing 
Interest Price Component25.2% - 26.0%
Fee Component1.4% - 1.9%
Insurance Component1.3% - 2.8%
Tax Component Range0.2% - 0.3%
Full APR (int fee ins tax dep)28.7% - 30.9%
Transparency Index (min/max)84 - 91
Transparency Index (average)88

Product Summary

7,089
TZS 50,000 - 4,000,000
3 - 12
Credit Educ, Group Mtgs, Credit Ins, Other Training, Group dynamics
48.00% annual, Flat
None
None
None
20.00% upfront
 
54.3% - 93.0%
0 - 37.2%
0
0
108.4% - 130.3%
35 - 55
38

Product Details

Key Statistics
Outstanding portfolio (INR)INR 3,017,141,968
Portfolio (USD)USD 56,927,206.94
Active Clients with Loans360,271
Approximate % Female Clients100%
Approximate % Urban Clients40% - 60%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
These loans are provided to the poor women for the following Income Generation Programmes (IGP) Small Business Ventures like Tea Shops, Snacks Shops, Wet Grinding, Tailoring etc. Agriculture and Allied Activities etc.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetingsx
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Men
Womenx
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age groupx
Household income <60,000 INRx
Household income <120,000 INRx
Must live in rural areax
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 ActiveTamil Nadu, Puducherry

Product Details

Key Statistics
Outstanding portfolio (TZS)TZS 1,427,941,703
Portfolio (USD)USD 898,076.54
Active Clients with Loans7,089
Approximate % Female Clients80% - 100%
Approximate % Urban Clients80% - 100%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
This loan is meant to provide working capital to micro entrepreneurs with legally acceptable businesses which may either be registered or unregistered and rely on group guarantorship to secure their loans
Loan Purpose
Any purpose
Income generationx
Mortgage/housingx
Consumer loan
Agriculture
Educationx
Other household financex
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visits
Business training
Other trainingx
OtherGroup dynamics
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
Other18 and above
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 5,000
Maximum loan size30,000
Distribution at Disbursement (Est.)
Loans less than INR 5,0000
INR 5,000-15,00050%
INR 15,000-25,00040%
INR 25,000-35,00010%
INR 35,000-45,0000
Greater than INR 45,0000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term24.0 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 months5%
Between 13 and 18 months80%
Longer than 18 months15%
Grace Period
Grace period usage100%
Average grace periodDK
Repayment Frequency
Daily
Weeklyx
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 50,000
Maximum loan size4,000,000
Distribution at Disbursement (Est.)
Loans less than TZS 350,00015%
TZS 350,000-1,250,00050%
TZS 1,250,000-2,000,00020%
TZS 2,000,000-3,000,00010%
TZS 3,000,000-4,000,0005%
Greater than TZS 4,000,0005%
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term12.0 months
Approx average4.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months100%
Between 7 and 9 months0
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
Every 2 weeksx
Every 4 weeks
Monthly
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 - min0.89%
% of loan amount - max0.89%
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
DescriptionGTLI
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min60
Fixed amount - max224
Reason for variationRs. 60 for 1 year credit and Rs. 224 for 2 year product
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 interest48.00%
Highest quoted nominal interest48.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?Yes
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 forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited20.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositFinal Pmt
Interest Paid on Deposit
Minimum interest rate paid0
Maximum interest rate paid0
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No
Additional Comments
Subsequent loan disbursement to the group only made after all members have completed paying their loans. The minimum loan size per member is TZS 5,/

Full Pricing Data

Micro Loan (IGP) samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountINR 5,000INR 10,000INR 20,000INR 25,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2013-03-282013-03-012013-03-012013-03-01
Loan Term (Months)12.0 months12.0 months24.0 months24.0 months
Grace Period (Months)0.0 months0.2 months0.2 months0.1 months
Total Cost of CreditINR 746INR 1,426.99INR 4,065.98INR 4,873.98
True Price by Comp       
Interest price component26.0%25.2%25.4%25.6%
Fee Component1.9%1.9%1.4%1.5%
Insurance Component2.8%1.3%1.8%1.5%
Tax Component0.2%0.3%0.2%0.2%
Deposit Component0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)30.9%28.7%28.8%28.8%
MFIN MFI Earning (Annualised)27.9%27.1%26.8%27.1%
MFIN Cost to Borrower (Annualised)30.9%28.7%28.8%28.8%
Transparency Index84919090
MFIN Transparency Index100100100100
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula

Full Pricing Data

Group Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountTZS 100,000TZS 300,000TZS 550,000TZS 900,000TZS 1,900,000TZS 2,800,000
Loan Cycle (1, 2, 3, etc)214444
Disbursement Date2013-01-162013-01-162013-02-112013-02-202013-01-172013-01-31
Loan Term (Months)3.7 months3.7 months4.7 months3.7 months6.0 months7.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months0.1 months0.0 months
Total Cost of CreditTZS 16,000TZS 48,000TZS 110,000TZS 144,000TZS 456,000TZS 896,016
True Price by Comp           
Interest price component87.8%87.8%88.8%87.8%76.4%89.0%
Fee Component0.0%0.0%0.0%0.0%0.0%0.0%
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 Component41.3%41.3%41.5%41.3%32.0%39.7%
Full APR (int fee ins tax dep)129.1%129.1%130.3%129.1%108.4%128.7%
Transparency Index373737374437
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF
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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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