2. Equity Bank
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
  2. Tujijenge Tanzania
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

Equity Bank P.O. Box 75104-00200Hospital Road, Equity Centre, 9th FloorNairobi
Data approved: 2013-09-23
Data version: 2
Age of data: 142 months
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Institution

Tujijenge Tanzania Limited Head OfficeDar Es SalaamPO Box 22320
Data approved: 2013-05-30
Data version: 2
Age of data: 136 months
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Product

Fanikisha - Shaba - Loan Product 7 of 10 « Prev | Next »

Product

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Product Summary

Number borrowers14,839
Loan Amount (range)KES 1,000 - 300,000
Loan Term (range)6 - 18
Other Services (text summary)Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training
Annual Interest & Method20.0% annual, Decl Bal
Fees2.00%-3.00% upfront
Insurance0.63% upfront
TaxNone
Comp Dep10.0% upfront
Range of pricing 
Interest Price Component13.4% - 37.3%
Fee Component0 - 11.0%
Insurance Component0 - 2.3%
Tax Component Range0
Full APR (int fee ins tax dep)43.9% - 52.7%
Transparency Index (min/max)37 - 83
Transparency Index (average)42

Product Summary

137
TZS 500,000 - 15,000,000
6 - 12
Credit Educ, Credit Ins
36.00% annual, Flat
2 fees
None
None
10.00% upfront
 
54.3% - 93.0%
0 - 37.2%
0
0
78.6% - 95.4%
35 - 55
43

Product Details

Key Statistics
Outstanding portfolio (KES)KES 604,912,277
Portfolio (USD)USD 7,305,703.83
Active Clients with Loans14,839
Approximate % Female Clients100%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity group
Village bankingx
Self help group
Other
Description
For women in start-up process and micro-enterprises who would like to borrow through a group approach. Targets those in merry-go-round market. Targets women who lack conventional securities.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visitsx
Business trainingx
Other trainingx
Other
Other (2)
No other services
Eligibility
Men
Womenx
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution8
# Regions for this product8
Regions ActiveCentral, Coast, Eastern, Nairobi, North Eastern, Nyanza, Rift Valley, Western

Product Details

Key Statistics
Outstanding portfolio (TZS)TZS 728,594,233.20
Portfolio (USD)USD 458,235.37
Active Clients with Loans137
Approximate % Female Clients40% - 60%
Approximate % Urban Clients60% - 80%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
This product is meant to provide working capital to the growing group borrowers with micro and small businesses which are legally acceptable and registered
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetings
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution4
# Regions for this product4
Regions ActiveDar es Salaam, Mara, Mtwara, Pwani

Loan Conditions

Loan Amount
CurrencyKES
Minimum loan sizeKES 1,000
Maximum loan size300,000
Distribution at Disbursement (Est.)
Loans less than KES 50,00040%
KES 50,000-150,00050%
KES 150,000-250,00010%
KES 250,000-350,0000
KES 350,000-450,0000
Greater than KES 450,0000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term18.0 months
Approx average9.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months10%
Between 7 and 9 months15%
Between 10 and 12 months70%
Between 13 and 18 months5%
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyTZS
Minimum loan sizeTZS 500,000
Maximum loan size15,000,000
Distribution at Disbursement (Est.)
Loans less than TZS 350,0000
TZS 350,000-1,250,0005%
TZS 1,250,000-2,000,00010%
TZS 2,000,000-3,000,00010%
TZS 3,000,000-4,000,00010%
Greater than TZS 4,000,00010%
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term12.0 months
Approx average8.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months40%
Between 7 and 9 months30%
Between 10 and 12 months30%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest1.67%
Highest quoted nominal interest1.67%
Interest rate periodMonthly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionLACE (Loan Application & Credit Evaluation) Fee
% of loan amount - min2.00%
% of loan amount - max3.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation3% for 1st cycle, 2% for multiple cycle loans
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionAnnual Insurance Fee
% of loan amount - min0.63%
% of loan amount - max0.63%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation0.625% per annum.
Appears on Repayment Sched?Yes
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaSavings interest depends on the balance that is in the account
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited10.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositWhen Leaving
Interest Paid on Deposit
Minimum interest rate paid1.00%
Maximum interest rate paid3.00%
Interest payment frequencyMonthly
Taxes
Are taxes charged on this product?No

Pricing Information

Interest
Lowest quoted nominal interest36.00%
Highest quoted nominal interest36.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?Yes
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionLoan Application FeeLoan Processing Fee
% of loan amount - min02.00%
% of loan amount - max02.00%
OR, Fixed amount - min20,0000
Fixed amount - max20,0000
Reason for variationN/AN/A
Appears on Repayment Sched?NoNo
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?No
Deposit BEFORE or AT Disbursement
% loan amount deposited10.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid0
Maximum interest rate paid0
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Full Pricing Data

Fanikisha - Shaba - Loan samples
Sample 1Sample 3Sample 4Sample 5Sample 6
Loan AmountKES 9,999.95KES 48,000KES 94,999.92KES 189,999.96KES 319,999.84
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2013-05-282013-05-202013-05-112013-05-032013-05-28
Loan Term (Months)11.0 months12.0 months13.0 months12.0 months24.0 months
Grace Period (Months)-0.7 months0.0 months0.5 months-0.4 months0.0 months
Total Cost of CreditKES 2,138.77KES 10,860KES 21,493.71KES 41,615.20KES 136,399.92
True Price by Comp         
Interest price component37.3%34.4%32.0%36.0%34.1%
Fee Component4.6%4.0%3.7%4.3%2.2%
Insurance Component1.4%1.2%1.2%1.3%0.7%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component9.4%7.9%7.0%8.8%6.9%
Full APR (int fee ins tax dep)52.7%47.5%43.9%50.4%43.9%
Transparency Index3842464046
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF

Full Pricing Data

Individual Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountTZS 500,000TZS 1,000,000TZS 2,000,000TZS 3,000,000TZS 4,000,000TZS 5,000,000
Loan Cycle (1, 2, 3, etc)222246
Disbursement Date2012-12-212013-01-072013-01-172013-02-202012-12-212012-12-21
Loan Term (Months)6.0 months6.0 months8.0 months8.0 months8.0 months6.0 months
Grace Period (Months)0.0 months0.0 months0.1 months-0.1 months0.0 months0.0 months
Total Cost of CreditTZS 120,000TZS 220,000TZS 540,000TZS 800,000TZS 1,060,000TZS 1,020,000
True Price by Comp           
Interest price component58.0%58.5%59.4%59.7%59.1%58.0%
Fee Component22.3%14.8%8.7%7.8%7.2%8.7%
Insurance Component0.0%0.0%0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%0.0%0.0%
Deposit Component15.1%13.6%12.7%12.5%12.3%12.3%
Full APR (int fee ins tax dep)95.4%86.9%80.8%80.0%78.6%79.0%
Transparency Index384145454646
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF
Fanikisha - Shaba - Loan Price Graphs


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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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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X Axis
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