Number borrowers | 173 |
Loan Amount (range) | KES 20,000 - 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 | 48.6% - 49.3% (Int+Fee) |
Insurance Component | 0 |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 80.6% - 81.4% |
Transparency Index (min/max) | 21 - 50 |
Transparency Index (average) | 24 |
5,882 |
TZS 50,000 - 15,000,000 |
3 - 8 |
Credit Educ, Group Mtgs, Credit Ins, Other Training |
48.00%-96.00% annual, Flat |
2.00% upfront |
1.50% upfront |
None |
25.00% upfront |
54.0% - 93.9% |
4.2% - 17.1% |
3.1% - 13.1% |
0 |
101.3% - 293.3% |
16 - 47 |
29 |
Outstanding portfolio (KES) | KES 973,917.40 |
Portfolio (USD) | USD 11,762.29 |
Active Clients with Loans | 173 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 20% - 40% |
Individual | x |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | x |
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 | x |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Outstanding portfolio (TZS) | TZS 782,975,645 |
Portfolio (USD) | USD 492,437.51 |
Active Clients with Loans | 5,882 |
Approximate % Female Clients | 60% - 80% |
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 | 18 and above |
Other (2) |
# Regions for this institution | 2 |
# Regions for this product | 2 |
Regions Active | Dar es Salaam, Pwani |
Currency | KES |
Minimum loan size | KES 20,000 |
Maximum loan size | 100,000 |
Shortest loan term | 1.0 month |
Longest loan term | 12.0 months |
Approx average | 8.0 months |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Currency | TZS |
Minimum loan size | TZS 50,000 |
Maximum loan size | 15,000,000 |
Loans less than TZS 350,000 | 40% |
TZS 350,000-1,250,000 | 20% |
TZS 1,250,000-2,000,000 | 15% |
TZS 2,000,000-3,000,000 | 10% |
TZS 3,000,000-4,000,000 | 5% |
Greater than TZS 4,000,000 | 5% |
Shortest loan term | 3.0 months |
Longest loan term | 8.0 months |
Approx average | 6.0 months |
Loans 3 months or less | 20% |
Between 4 and 6 months | 40% |
Between 7 and 9 months | 40% |
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 | 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 | Client Risk, 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 | 4.00% |
Highest quoted nominal interest | 8.00% |
Reason(s) why interest rate varies | Branch, Time as Client, Loan Size, Client Risk, Loan term |
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 | Loan Processing 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 |
Ins 1 | |
---|---|
Description | Credit Insurance |
% of loan amount - min | 1.50% |
% of loan amount - max | 1.50% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | Yes |
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 | 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 | |||
---|---|---|---|---|---|
Loan Amount | KES 25,000 | KES 50,000 | KES 100,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2009-10-02 | 2009-10-15 | 2009-10-02 | ||
Loan Term (Months) | 12.0 months | 12.0 months | 12.0 months | ||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
Total Cost of Credit | Not Known | Not Known | Not Known | ||
True Price by Comp | |||||
Interest and Fee Component | 49.3% | 48.8% | 48.6% | ||
Insurance Component | 0.0% | 0.0% | 0.0% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 32.1% | 31.8% | 32.5% | ||
Full APR (int fee ins tax dep) | 81.4% | 80.6% | 81.1% | ||
Transparency Index | 24 | 24 | 24 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Sample 1 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | TZS 100,000 | TZS 500,000 | TZS 1,000,000 | TZS 3,000,000 | TZS 5,000,000 | ||||
Loan Cycle (1, 2, 3, etc) | 2 | 4 | 5 | 7 | 8 | ||||
Disbursement Date | 2013-01-04 | 2013-02-08 | 2013-02-12 | 2013-01-22 | 2013-03-15 | ||||
Loan Term (Months) | 2.8 months | 7.0 months | 12.0 months | 8.0 months | 7.0 months | ||||
Grace Period (Months) | 0.0 months | 0.0 months | -0.1 months | 0.0 months | 0.0 months | ||||
Total Cost of Credit | TZS 15,500.49 | TZS 137,502.63 | TZS 355,000 | TZS 887,160 | TZS 1,375,026.30 | ||||
True Price by Comp | |||||||||
Interest price component | 93.9% | 70.5% | 54.0% | 64.5% | 70.5% | ||||
Fee Component | 17.1% | 6.9% | 4.2% | 5.8% | 6.9% | ||||
Insurance Component | 13.1% | 5.3% | 3.1% | 4.5% | 5.3% | ||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Deposit Component | 169.2% | 78.7% | 40.0% | 46.1% | 59.5% | ||||
Full APR (int fee ins tax dep) | 293.3% | 161.4% | 101.3% | 120.9% | 142.2% | ||||
Transparency Index | 16 | 30 | 47 | 40 | 34 | ||||
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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