Number borrowers | 8,244 |
Loan Amount (range) | KES 20,000 - 300,000 |
Loan Term (range) | 3 - 18 |
Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Business Training, Other Training |
Annual Interest & Method | 22.0% annual, Flat |
Fees | 2.00% upfront |
Insurance | 1.50% upfront |
Tax | None |
Comp Dep | 10.0%-25.0% upfront |
Range of pricing | |
Interest Price Component | 13.7% - 40.7% |
Fee Component | 0 - 10.7% |
Insurance Component | 0 - 9.3% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 66.5% - 80.6% |
Transparency Index (min/max) | 14 - 61 |
Transparency Index (average) | 30 |
247 |
TZS 500,000 - 20,000,000 |
3 - 12 |
Credit Ins |
19.5% annual, Flat |
1.00% upfront 10,000.00 upfront |
1.00% upfront |
None |
N/A |
28.8% - 45.6% |
1.5% - 12.2% |
0.8% - 12.8% |
0 |
38.0% - 39.6% |
31 - 56 |
50 |
Outstanding portfolio (KES) | KES 217,019,336 |
Portfolio (USD) | USD 2,621,006.47 |
Active Clients with Loans | 8,244 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 40% - 60% |
Individual | |
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 | x |
Workplace visits | |
Business training | x |
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 | 4 |
# Regions for this product | 4 |
Regions Active | Central, Eastern, Nairobi, Rift Valley |
Outstanding portfolio (TZS) | TZS 696,570,261 |
Portfolio (USD) | USD 438,094.50 |
Active Clients with Loans | 247 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 100% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | For house renovation purpose |
Other (2) |
Credit education | |
Group meetings | |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services |
Men | x |
Women | x |
Must run a business | x |
Must own a home or land | x |
Must be a salaried worker | |
Must be specific age group | x |
Other | |
Other (2) |
# Regions for this institution | 4 |
# Regions for this product | 4 |
Regions Active | Arusha, Dar es Salaam, Dodoma, Kilimanjaro |
Currency | KES |
Minimum loan size | KES 20,000 |
Maximum loan size | 300,000 |
Loans less than KES 50,000 | 60% |
KES 50,000-150,000 | 20% |
KES 150,000-250,000 | 5% |
KES 250,000-350,000 | 15% |
KES 350,000-450,000 | 0 |
Greater than KES 450,000 | 0 |
Shortest loan term | 3.0 months |
Longest loan term | 18.0 months |
Approx average | 12.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 20% |
Between 7 and 9 months | 30% |
Between 10 and 12 months | 30% |
Between 13 and 18 months | 20% |
Longer than 18 months | 0 |
Grace period usage | 10% |
Average grace period | 0.3 months |
Daily | |
Weekly | x |
Every 2 weeks | x |
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 500,000 |
Maximum loan size | 20,000,000 |
Loans less than TZS 350,000 | 0 |
TZS 350,000-1,250,000 | 10% |
TZS 1,250,000-2,000,000 | 5% |
TZS 2,000,000-3,000,000 | 20% |
TZS 3,000,000-4,000,000 | 15% |
Greater than TZS 4,000,000 | 15% |
Shortest loan term | 3.0 months |
Longest loan term | 12.0 months |
Approx average | 12.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 5% |
Between 7 and 9 months | 5% |
Between 10 and 12 months | 90% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
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 |
Lowest quoted nominal interest | 22.00% |
Highest quoted nominal interest | 22.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Application 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 |
Ins 1 | |
---|---|
Description | Insurance Fee |
% 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? | Yes |
Required for | All |
Criteria | First cycle loans = 10% upfront, 100 KES continuing. Multiple cycle loans = 25% upfront, no continuing requirement. |
Is deposit indicated on the repayment schedule? | Yes |
Do borrowers control deposit in their group? | Yes |
% loan amount deposited | 10.00% - 25.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 - KES 100 |
Conditions on access to deposit | End Term |
Minimum interest rate paid | 0.33% |
Maximum interest rate paid | 0.50% |
Interest payment frequency | Annually |
Are taxes charged on this product? | No |
Lowest quoted nominal interest | 19.50% |
Highest quoted nominal interest | 19.50% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Set up fee | Application Fee | |
% of loan amount - min | 1.00% | 0 | |
% of loan amount - max | 1.00% | 0 | |
OR, Fixed amount - min | 0 | 10,000 | |
Fixed amount - max | 0 | 10,000 | |
Reason for variation | N/A | N/A | |
Appears on Repayment Sched? | No | No |
Ins 1 | |
---|---|
Description | Insurance 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 |
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? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | KES 20,000 | KES 50,000 | KES 140,000 | KES 200,000 | KES 300,000 | ||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
Disbursement Date | 2013-06-28 | 2013-06-27 | 2013-06-12 | 2013-06-11 | 2013-06-27 | ||||
Loan Term (Months) | 6.0 months | 10.0 months | 12.0 months | 18.0 months | 24.0 months | ||||
Grace Period (Months) | 0.5 months | 0.4 months | 0.5 months | 0.5 months | 0.5 months | ||||
Total Cost of Credit | KES 2,900 | KES 10,550 | KES 35,700 | KES 73,000 | KES 142,500 | ||||
True Price by Comp | |||||||||
Interest price component | 36.7% | 38.7% | 38.8% | 38.9% | 38.5% | ||||
Fee Component | 7.3% | 4.9% | 4.1% | 2.9% | 2.3% | ||||
Insurance Component | 5.5% | 3.8% | 3.1% | 2.2% | 1.7% | ||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Deposit Component | 17.0% | 33.2% | 31.2% | 27.8% | 25.1% | ||||
Full APR (int fee ins tax dep) | 66.5% | 80.6% | 77.2% | 71.8% | 67.6% | ||||
Transparency Index | 33 | 27 | 28 | 31 | 33 | ||||
Original Repayment Schedule | |||||||||
MFT Pricing Calculation |
Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | TZS 1,000,000 | TZS 2,000,000 | TZS 3,000,000 | TZS 4,000,000 | TZS 5,000,000 | ||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
Disbursement Date | 2013-05-25 | 2013-05-06 | 2013-07-19 | 2013-07-22 | 2013-06-07 | ||||
Loan Term (Months) | 12.0 months | 12.0 months | 10.0 months | 12.0 months | 12.0 months | ||||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | ||||
Total Cost of Credit | TZS 225,541.68 | TZS 440,000 | TZS 557,500 | TZS 870,000 | TZS 1,085,000 | ||||
True Price by Comp | |||||||||
Interest price component | 33.7% | 33.6% | 33.4% | 33.6% | 33.7% | ||||
Fee Component | 3.9% | 2.9% | 3.0% | 2.4% | 2.4% | ||||
Insurance Component | 2.0% | 2.0% | 2.3% | 2.0% | 2.0% | ||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Full APR (int fee ins tax dep) | 39.6% | 38.5% | 38.7% | 38.0% | 38.1% | ||||
Transparency Index | 49 | 51 | 50 | 51 | 51 | ||||
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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