| Number borrowers | 715 |
| Loan Amount (range) | KES 10,000 - 50,000 |
| Loan Term (range) | 3 - 6 |
| Other Services (text summary) | Credit Educ, Group Mtgs, Business Training, Other Training |
| Annual Interest & Method | 24.0% annual, Flat |
| Fees | None |
| Insurance | None |
| Tax | None |
| Comp Dep | N/A |
| 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) | 39.4% - 40.7% |
| Transparency Index (min/max) | 14 - 61 |
| Transparency Index (average) | 60 |
| 27,425 |
| TZS 50,000 - 10,000,000 |
| 6 - 12 |
| Other Training |
| 36.0% annual, Flat |
| 2.00% upfront |
| 0.50% upfront |
| None |
| 10.0% upfront |
| 45.2% - 59.1% |
| 2.0% - 16.9% |
| 1.8% - 7.5% |
| 0 |
| 78.9% - 81.1% |
| 32 - 86 |
| 45 |
| Outstanding portfolio (KES) | KES 8,180,787 |
| Portfolio (USD) | USD 98,801.78 |
| Active Clients with Loans | 715 |
| 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 | x |
| Agriculture | |
| Education | |
| Other household finance | x |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| Credit insurance | |
| 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 7,654,678,324 |
| Portfolio (USD) | USD 4,814,263.10 |
| Active Clients with Loans | 27,425 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 40% - 60% |
| Individual | |
| Solidarity group | |
| Village banking | x |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | |
| Group meetings | |
| Credit insurance | |
| 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 | x |
| Must be a salaried worker | |
| Must be specific age group | x |
| Other | |
| Other (2) |
| # Regions for this institution | 4 |
| # Regions for this product | 12 |
| Regions Active | Arusha, Dar es Salaam, Dodoma, Kagera, Kilimanjaro, Manyara, Morogoro, Mwanza, ShinyangaSingida, Tabora, Tanga |
| Currency | KES |
| Minimum loan size | KES 10,000 |
| Maximum loan size | 50,000 |
| Loans less than KES 50,000 | 100% |
| KES 50,000-150,000 | 0 |
| KES 150,000-250,000 | 0 |
| KES 250,000-350,000 | 0 |
| KES 350,000-450,000 | 0 |
| Greater than KES 450,000 | 0 |
| Shortest loan term | 3.0 months |
| Longest loan term | 6.0 months |
| Approx average | 3.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 100% |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 0 |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| Grace period usage | 10% |
| Average grace period | 0.3 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 |
| Currency | TZS |
| Minimum loan size | TZS 50,000 |
| Maximum loan size | 10,000,000 |
| Loans less than TZS 350,000 | 60% |
| TZS 350,000-1,250,000 | 15% |
| TZS 1,250,000-2,000,000 | 5% |
| TZS 2,000,000-3,000,000 | 5% |
| TZS 3,000,000-4,000,000 | 10% |
| Greater than TZS 4,000,000 | 10% |
| Shortest loan term | 6.0 months |
| Longest loan term | 12.0 months |
| Approx average | 6.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 60% |
| Between 7 and 9 months | 20% |
| Between 10 and 12 months | 20% |
| 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 | 24.00% |
| Highest quoted nominal interest | 24.00% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| 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 |
| Lowest quoted nominal interest | 3.00% |
| Highest quoted nominal interest | 3.00% |
| Reason(s) why interest rate varies | No Variation |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | Yes |
| 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? | No |
| Ins 1 | |
|---|---|
| Description | Insuarance |
| % of loan amount - min | 0.50% |
| % of loan amount - max | 0.50% |
| 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 | 10.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | Final Pmt |
| 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 10,000 | KES 30,000 | KES 50,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2013-06-27 | 2013-07-15 | 2013-04-13 | ||
| Loan Term (Months) | 6.0 months | 6.0 months | 6.0 months | ||
| Grace Period (Months) | 0.4 months | 0.0 months | 0.0 months | ||
| Total Cost of Credit | KES 1,200 | KES 3,600 | KES 6,000 | ||
| True Price by Comp | |||||
| Interest price component | 40.7% | 39.4% | 39.9% | ||
| Fee Component | 0.0% | 0.0% | 0.0% | ||
| Insurance Component | 0.0% | 0.0% | 0.0% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 0.0% | 0.0% | 0.0% | ||
| Full APR (int fee ins tax dep) | 40.7% | 39.4% | 39.9% | ||
| Transparency Index | 59 | 61 | 60 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | TZS 2,000,000 | TZS 400,000 | TZS 1,100,000 | TZS 1,500,000 | TZS 1,300,000 | ||||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
| Disbursement Date | 2014-02-18 | 2014-03-06 | 2014-03-07 | 2014-03-07 | 2014-03-17 | ||||
| Loan Term (Months) | 6.0 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 | 0.0 months | ||||
| Total Cost of Credit | TZS 410,000 | TZS 82,000 | TZS 225,500 | TZS 307,500 | TZS 266,500 | ||||
| True Price by Comp | |||||||||
| Interest price component | 59.1% | 57.6% | 57.6% | 57.6% | 57.6% | ||||
| Fee Component | 7.4% | 7.2% | 7.2% | 7.2% | 7.2% | ||||
| Insurance Component | 1.9% | 1.8% | 1.8% | 1.8% | 1.8% | ||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Deposit Component | 12.7% | 12.3% | 12.3% | 12.3% | 12.3% | ||||
| Full APR (int fee ins tax dep) | 81.1% | 78.9% | 78.9% | 78.9% | 78.9% | ||||
| Transparency Index | 44 | 46 | 46 | 46 | 46 | ||||
| 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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