| Number borrowers | 260 |
| Loan Amount (range) | KES 10,000 - 100,000 |
| Loan Term (range) | 1 - 12 |
| Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training |
| Annual Interest & Method | 19.2%-24.0% annual, Flat |
| Fees | 100.00 upfront |
| Insurance | 3.00% upfront |
| Tax | None |
| Comp Dep | 25.0% upfront |
| Range of pricing | |
| Interest Price Component | N/A |
| Fee Component | 29.4% - 31.4% (Int+Fee) |
| Insurance Component | 0 |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 38.3% - 40.9% |
| Transparency Index (min/max) | 21 - 50 |
| Transparency Index (average) | 49 |
| 606 |
| TZS 100,000 - 5,000,000 |
| 3 - 12 |
| Credit Educ, Group Mtgs, Tech Asst Visits, Business Training |
| 36.0%-48.0% annual, Flat |
| 2.50%-3.00% upfront 15,000.00 upfront |
| 2.00% upfront |
| None |
| 10.0%-20.0% upfront 1,500.00-2000.00 ongoing |
| 84.8% - 90.8% |
| 7.3% - 97.4% |
| 6.0% - 12.6% |
| 0 |
| 154.9% - 299.1% |
| 12 - 23 |
| 19 |
| Outstanding portfolio (KES) | KES 2,434,794 |
| Portfolio (USD) | USD 29,405.72 |
| Active Clients with Loans | 260 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | x |
| 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 | x |
| Business training | x |
| Other training | |
| Other | |
| Other (2) | |
| No other services |
| Men | x |
| Women | x |
| Must run a business | |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | Must be active in agricultural activities |
| Other (2) |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Outstanding portfolio (TZS) | TZS 236,174,979 |
| Portfolio (USD) | USD 148,537.72 |
| Active Clients with Loans | 606 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | x |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | x |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| Credit insurance | |
| Workplace visits | x |
| Business training | x |
| Other training | |
| 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 | 2 |
| # Regions for this product | 2 |
| Regions Active | Dar es Salaam, Pwani |
| Currency | KES |
| Minimum loan size | KES 10,000 |
| Maximum loan size | 100,000 |
| Shortest loan term | 1.0 month |
| Longest loan term | 12.0 months |
| Approx average | 6.0 months |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | x |
| Irregular payments |
| Currency | TZS |
| Minimum loan size | TZS 100,000 |
| Maximum loan size | 5,000,000 |
| Loans less than TZS 350,000 | 40% |
| TZS 350,000-1,250,000 | 40% |
| TZS 1,250,000-2,000,000 | 15% |
| TZS 2,000,000-3,000,000 | 5% |
| TZS 3,000,000-4,000,000 | 0 |
| Greater than TZS 4,000,000 | 0 |
| Shortest loan term | 3.0 months |
| Longest loan term | 12.0 months |
| Approx average | 1.3 months |
| Loans 3 months or less | 30% |
| Between 4 and 6 months | 40% |
| Between 7 and 9 months | 20% |
| Between 10 and 12 months | 10% |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| Grace period usage | 100% |
| Average grace period | 0.2 months |
| Daily | |
| Weekly | x |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 1.60% |
| Highest quoted nominal interest | 2.00% |
| Reason(s) why interest rate varies | Collateral |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Legal Charge |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 100 |
| Fixed amount - max | 100 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | Yes |
| Ins 1 | |
|---|---|
| Description | Loan Application & Insurance Fee |
| % of loan amount - min | 3.00% |
| % of loan amount - max | 3.00% |
| 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? | No |
| % loan amount deposited | 25.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | End Term |
| Minimum interest rate paid | 0.01% |
| Maximum interest rate paid | 0.03% |
| Interest payment frequency | Monthly |
| Are taxes charged on this product? | No |
| Lowest quoted nominal interest | 3.00% |
| Highest quoted nominal interest | 4.00% |
| Reason(s) why interest rate varies | Time as Client |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | Yes |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | Fee 2 | ||
|---|---|---|---|
| Description | Loan Processing Fee | Membership Fee | |
| % of loan amount - min | 2.50% | 0 | |
| % of loan amount - max | 3.00% | 0 | |
| OR, Fixed amount - min | 0 | 15,000 | |
| Fixed amount - max | 0 | 15,000 | |
| Reason for variation | Loans <2,000,000 =3%, loans>2,000,000 =2.5% | Only on first cycle loans. | |
| Appears on Repayment Sched? | Yes | Yes |
| Ins 1 | |
|---|---|
| Description | Death Recovery 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? | Yes |
| Required for | All |
| Criteria | Upfront: 1st cycle =10%. Multiple cycle =20%. Ongoing = 1st & 2nd cycle = 1500 TZS each week. 3rd cycle onward = 2000 TZS each week. |
| Is deposit indicated on the repayment schedule? | Yes |
| Do borrowers control deposit in their group? | Yes |
| % loan amount deposited | 10.00% - 20.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | TZS 1,500 - TZS 2,000 |
| 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 | KES 10,000 | KES 25,000 | KES 50,000 | KES 100,000 | |||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
| Disbursement Date | 2009-10-18 | 2009-10-02 | 2009-10-02 | 2009-10-15 | |||
| Loan Term (Months) | 6.0 months | 6.0 months | 6.0 months | 6.0 months | |||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||
| Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | |||
| True Price by Comp | |||||||
| Interest and Fee Component | 31.4% | 30.0% | 29.6% | 29.4% | |||
| Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Deposit Component | 9.6% | 9.1% | 8.9% | 8.9% | |||
| Full APR (int fee ins tax dep) | 40.9% | 39.1% | 38.6% | 38.3% | |||
| Transparency Index | 47 | 49 | 50 | 50 | |||
| Original Repayment Schedule | |||||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | TZS 100,000 | TZS 300,000 | TZS 500,000 | TZS 1,000,000 | TZS 2,000,000 | ||||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
| Disbursement Date | 2013-07-24 | 2013-05-13 | 2013-04-26 | 2013-07-18 | 2013-02-25 | ||||
| Loan Term (Months) | 4.9 months | 5.8 months | 4.9 months | 8.0 months | 9.0 months | ||||
| Grace Period (Months) | 0.2 months | 0.2 months | 0.2 months | 0.2 months | 0.0 months | ||||
| Total Cost of Credit | TZS 40,000 | TZS 87,000 | TZS 125,000 | TZS 370,000 | TZS 890,000 | ||||
| True Price by Comp | |||||||||
| Interest price component | 84.8% | 85.7% | 84.8% | 86.3% | 90.8% | ||||
| Fee Component | 97.4% | 12.6% | 14.5% | 9.9% | 7.3% | ||||
| Insurance Component | 12.6% | 8.6% | 10.1% | 6.9% | 6.0% | ||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Deposit Component | 104.3% | 75.0% | 64.5% | 55.0% | 50.8% | ||||
| Full APR (int fee ins tax dep) | 299.1% | 181.9% | 173.9% | 158.1% | 154.9% | ||||
| Transparency Index | 12 | 20 | 21 | 23 | 23 | ||||
| Original Repayment Schedule | |||||||||
| MFT Pricing Calculation |
| 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 |
| Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
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