Business Initiative and Management Assistance Services - MFTransparency.org Truth In Lending Tables

Please note that the information you are viewing is 142 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Business Initiative and Management Assistance Services P.O. Box 2299 60100Embu, Central

Data approved: 2013-07-16

Data version: 2

Age of data: 142 months

Download Data

Analyze Data

Institution Details

Institution Type	Non-Governmental Organization
Is this institution regulated?	No
Website address	http://www.bimaskenya.com
Year established	1997
Head of Institution	Patrick Gathondu
Regions active	Central, Eastern, Nairobi, Rift Valley
# Branches	19

Total Portfolio (nat'l)	KES 397,880,258
Total Portfolio (USD)	USD 4,805,317.13
Active clients with loans	10,118
Approximate % female clients	40% - 60%
Approximate % urban clients	40% - 60%
Network affiliations
Funders

Loan Products » Summary

Hitimu

177 Borrowers

USD 36,426.97 Portfolio

Active Product

Imarika

339 Borrowers

USD 212,004.75 Portfolio

Active Product

Mama Plus

1,362 Borrowers

USD 331,099.98 Portfolio

Active Product

Mifugo

176 Borrowers

USD 75,449.82 Portfolio

Active Product

Msingi

8,244 Borrowers

USD 2,621,006.47 Portfolio

Active Product

Upesi

715 Borrowers

USD 98,801.78 Portfolio

Active Product

Biashara

156 Borrowers

USD 1,304,347.83 Portfolio

Active Product

Loan Products » Conditions

Product Name	Loan Size Range	Loan Term (months)	% Female	% Urban	Loan Purpose	Eligibility	Other Services
Hitimu Loan	KES 10,000 - 80,000	3 - 12	40% - 60%	40% - 60%	Education	Women, Men	Credit Educ, Group Mtgs, Credit Ins, Business Training, Other Training
Imarika Loan	KES 50,000 - 200,000	3 - 18	40% - 60%	40% - 60%	Business	Women, Men, Have business	Credit Educ, Group Mtgs, Credit Ins, Business Training, Other Training
Mama Plus Loan	KES 10,000 - 200,000	6 - 12	80% - 100%	40% - 60%	Business	Women, Have business	Credit Educ, Group Mtgs, Credit Ins, Business Training, Other Training
Mifugo Loan	KES 50,000 - 100,000	9 - 12	40% - 60%	40% - 60%	Agriculture	Women, Men, Have business	Credit Educ, Group Mtgs, Credit Ins, Business Training, Other Training
Msingi Loan	KES 20,000 - 300,000	3 - 18	40% - 60%	40% - 60%	Business, Agriculture	Women, Men, Have business	Credit Educ, Group Mtgs, Credit Ins, Business Training, Other Training
Upesi Loan	KES 10,000 - 50,000	3 - 6	40% - 60%	40% - 60%	Business, Consumer, Other	Women, Men, Have business	Credit Educ, Group Mtgs, Business Training, Other Training
Biashara Loan	KES 300,000 - 3,000,000	18 - 24	40% - 60%	0% - 20%	Business	Women, Men, Have business	Credit Educ, Credit Ins, Business Training

Loan Products » Pricing Information

Product Name	Annual Nominal Interest	Fees	Insurance	Taxes	Compulsory Deposit	APR (int+fee)	Full APR	Transparency Index
Hitimu Loan	22.0% annual, Flat	1 Fee	1 Ins	None	25.0% upfront 100.00 ongoing	42.4% - 43.9%	81.1% - 122.3%	23
Imarika Loan	22.0% annual, Flat	1 Fee	1 Ins	None	15.0% upfront 200.00 ongoing	42% - 42.9%	64% - 77.2%	31
Mama Plus Loan	8.0% annual, Flat	1 Fee	1 Ins	None	15.0% upfront 100.00 ongoing	20.2% - 24.4%	33.3% - 57.4%	18
Mifugo Loan	22.0% annual, Flat	1 Fee	1 Ins	None	25.0% upfront 100.00 ongoing	42.9% - 44%	86.3% - 96.4%	24
Msingi Loan	22.0% annual, Flat	1 Fee	1 Ins	None	10.0%-25.0% upfront	40.8% - 44%	66.5% - 80.6%	30
Upesi Loan	24.0% annual, Flat	0 Fees	0 Ins	None	N/A	39.4% - 40.7%	39.4% - 40.7%	60
Biashara Loan	22.0% annual, Flat	2 Fees	1 Ins	None	1,000.00 ongoing	42.2% - 44.1%	46.2% - 48.2%	47

Institution Price Graph

Click to view Price Analysis Tool

Please note that the information you are viewing is 136 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Mbinga Community Bank Ltd Head QuartersMbinga, RuvumaPO Box 290

Data approved: 2013-03-20

Data version: 2

Age of data: 136 months

Download Data

Analyze Data

Product

Solidarity Group Loan Product 3 of 3 « Prev | Next »

Product Details

Key Statistics

Outstanding portfolio (TZS)	TZS 2,695,147,796
Portfolio (USD)	USD 1,695,061.51
Active Clients with Loans	882.70
Approximate % Female Clients	40% - 60%
Approximate % Urban Clients	20% - 40%

Methodology

Individual	x
Solidarity group	x
Village banking
Self help group
Other

Description

Provides capital requirements for individuals organized in groups. Can be used for business or agricultural purposes.

Loan Purpose

Any purpose
Income generation	x
Mortgage/housing
Consumer loan
Agriculture	x
Education
Other household finance
Other
Other (2)

Included Services

Credit education	x
Group meetings	x
Credit insurance	x
Workplace visits	x
Business training	x
Other training
Other
Other (2)
No other services

Eligibility

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 run agricultural activities or business
Other (2)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	1
# Regions for this product	1
Regions Active	Ruvuma

Loan Conditions

Loan Amount

Currency	TZS
Minimum loan size	TZS 500,000
Maximum loan size	3,500,000

Distribution at Disbursement (Est.)

Loans less than TZS 350,000	0
TZS 350,000-1,250,000	40%
TZS 1,250,000-2,000,000	20%
TZS 2,000,000-3,000,000	20%
TZS 3,000,000-4,000,000	20%
Greater than TZS 4,000,000	20%

Loan Term and Grace Period

Shortest loan term	1.0 month
Longest loan term	12.0 months
Approx average	6.0 months

Distribution at Disbursement (Est.)

Loans 3 months or less	40%
Between 4 and 6 months	20%
Between 7 and 9 months	30%
Between 10 and 12 months	10%
Between 13 and 18 months	0
Longer than 18 months	0

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

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

Pricing Information

Interest

Lowest quoted nominal interest	10.00%
Highest quoted nominal interest	30.00%
Reason(s) why interest rate varies	Loan Purpose, Agricultural loan interest is 10% p.a. Business loan interest is 30% p.a
Interest rate period	Yearly
Interest Rate Calculation Method	Flat
Subsidized by funder request?	No
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1	Fee 2
Description	Loan Application Fee	Legal Set Up Fee
% of loan amount - min	1.50%	2.00%
% of loan amount - max	1.50%	2.00%
OR, Fixed amount - min	0	0
Fixed amount - max	0	0
Reason for variation	N/A	N/A
Appears on Repayment Sched?	No	Yes

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	Ins 1
Description	Loan insurance
% of loan amount - min	1.00%
% of loan amount - max	2.50%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	Loan term of 1-6months is 1%. Loans above 6-12months 2.5% rate may apply.
Appears on Repayment Sched?	No

Ongoing Insurance Fees

This product has no ongoing insurance fees

Compulsory Deposit

Required for	All
Criteria	N/A
Is deposit indicated on the repayment schedule?	No
Do borrowers control deposit in their group?	Yes

Deposit BEFORE or AT Disbursement

% loan amount deposited	30.00%
or, Fixed-amount deposited	0

Deposits DURING period payments

% loan amount deposited	0
or, Fixed-amount deposited	TZS 10,000
Conditions on access to deposit	Access During

Interest Paid on Deposit

Minimum interest rate paid	3.50%
Maximum interest rate paid	3.50%
Interest payment frequency	End Term

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Full Pricing Data

Solidarity Group Loan samples

	Sample 1	Sample 2	Sample 3	Sample 4
Loan Amount	TZS 450,000	TZS 1,075,000	TZS 2,000,000	TZS 3,000,000
Loan Cycle (1, 2, 3, etc)	1	1	1	1
Disbursement Date	2013-01-09	2013-02-08	2013-02-23	2013-01-09
Loan Term (Months)	11.0 months	5.0 months	11.0 months	11.0 months
Grace Period (Months)	10.1 months	-1.0 months	-1.0 months	10.1 months
Total Cost of Credit	TZS 62,000	TZS 220,375.02	TZS 696,666.60	TZS 413,330
True Price by Comp
Interest price component	10.1%	75.8%	61.8%	10.1%
Fee Component	4.1%	19.1%	8.9%	4.1%
Insurance Component	1.2%	5.6%	2.6%	1.2%
Tax Component	0.0%	0.0%	0.0%	0.0%
Deposit Component	12.1%	142.4%	82.4%	7.5%
Full APR (int fee ins tax dep)	27.5%	242.9%	155.7%	22.9%
Transparency Index	36	4	6	44

Original Repayment Schedule	PDF	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF	PDF

Solidarity Group Loan Price Graphs

Click to view Price Analysis Tool

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

	X Axis
	Greater than:
	Less or equal to:
N (# of Samples)
Total Borrrowers of Samples


Avg
Min
Max
Std Dev

By Inst Type


By Country

	X Axis
	Greater than:
	Less or equal to:
	From 0 to
	to
	to
	to ∞

Institution

Institution Details

Loan Products » Summary

Loan Products » Conditions

Loan Products » Pricing Information

Institution Price Graph

Institution

Product

Product Details

Key Statistics

Methodology

Description

Loan Purpose

Included Services

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

Loan Conditions

Loan Amount

Distribution at Disbursement (Est.)

Loan Term and Grace Period

Distribution at Disbursement (Est.)

Grace Period

Repayment Frequency

Pricing Information

Interest

Upfront Fees

Ongoing Fees

Upfront Insurance Fees

Ongoing Insurance Fees

Compulsory Deposit

Deposit BEFORE or AT Disbursement

Deposits DURING period payments

Interest Paid on Deposit

Taxes

Full Pricing Data

Solidarity Group Loan samples

Solidarity Group Loan Price Graphs

Total Borrowers of Samples

Learn More

MFTransparency News

Explore Resources