| Number borrowers | 6,820 |
| Loan Amount (range) | KES 5,000 - 4,000,000,000 |
| Loan Term (range) | 4 - 10 |
| Other Services (text summary) | |
| Annual Interest & Method | 12.6%-13.5% annual, Flat |
| Fees | None |
| Insurance | None |
| Tax | None |
| Comp Dep | N/A |
| Range of pricing | |
| Interest Price Component | 13.4% - 37.3% |
| Fee Component | 0 - 11.0% |
| Insurance Component | 0 - 2.3% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 27.2% - 27.3% |
| Transparency Index (min/max) | 37 - 83 |
| Transparency Index (average) | 46 |
| 7,089 |
| TZS 50,000 - 4,000,000 |
| 3 - 12 |
| Credit Educ, Group Mtgs, Credit Ins, Other Training, Group dynamics |
| 48.00% annual, Flat |
| None |
| None |
| None |
| 20.00% upfront |
| 54.3% - 93.0% |
| 0 - 37.2% |
| 0 |
| 0 |
| 108.4% - 130.3% |
| 35 - 55 |
| 38 |
| Outstanding portfolio (KES) | KES 340,903,475 |
| Portfolio (USD) | USD 4,117,191.73 |
| Active Clients with Loans | 6,820 |
| Approximate % Female Clients | 0% - 20% |
| Approximate % Urban Clients | 40% - 60% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | Can only be used for financing insurance premiums. |
| Other (2) |
| Credit education | |
| Group meetings | |
| Credit insurance | |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services | x |
| 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 | |
| Other (2) |
| # Regions for this institution | 8 |
| # Regions for this product | 8 |
| Regions Active | Central, Coast, Eastern, Nairobi, North Eastern, Nyanza, Rift Valley, Western |
| Outstanding portfolio (TZS) | TZS 1,427,941,703 |
| Portfolio (USD) | USD 898,076.54 |
| Active Clients with Loans | 7,089 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 80% - 100% |
| Individual | |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | x |
| Consumer loan | |
| Agriculture | |
| Education | x |
| Other household finance | x |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | |
| Business training | |
| Other training | x |
| Other | Group dynamics |
| 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 | 4 |
| # Regions for this product | 4 |
| Regions Active | Dar es Salaam, Mara, Mtwara, Pwani |
| Currency | KES |
| Minimum loan size | KES 5,000 |
| Maximum loan size | 4,000,000,000 |
| Loans less than KES 50,000 | 40% |
| KES 50,000-150,000 | 40% |
| KES 150,000-250,000 | 10% |
| KES 250,000-350,000 | 5% |
| KES 350,000-450,000 | 5% |
| Greater than KES 450,000 | 5% |
| Shortest loan term | 4.0 months |
| Longest loan term | 10.0 months |
| Approx average | 7.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 10% |
| 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 |
| Currency | TZS |
| Minimum loan size | TZS 50,000 |
| Maximum loan size | 4,000,000 |
| Loans less than TZS 350,000 | 15% |
| TZS 350,000-1,250,000 | 50% |
| TZS 1,250,000-2,000,000 | 20% |
| 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 | 12.0 months |
| Approx average | 4.0 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 | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | x |
| Every 2 weeks | x |
| Every 4 weeks | |
| Monthly | |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 1.05% |
| Highest quoted nominal interest | 1.13% |
| Reason(s) why interest rate varies | Loan Size, Client Risk |
| Interest rate period | Monthly |
| 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 | 48.00% |
| Highest quoted nominal interest | 48.00% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | Yes |
| Is rate fixed for entire loan term | Yes |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | No |
| Do borrowers control deposit in their group? | Yes |
| % loan amount deposited | 20.00% |
| 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 | Sample 4 | Sample 5 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | KES 12,978 | KES 28,126 | KES 45,102 | KES 101,957 | KES 295,865 | ||||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
| Disbursement Date | 2013-08-20 | 2013-09-03 | 2013-09-03 | 2013-09-03 | 2013-09-03 | ||||
| Loan Term (Months) | 9.0 months | 9.0 months | 10.0 months | 10.0 months | 10.0 months | ||||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | ||||
| Total Cost of Credit | KES 1,362.69 | KES 2,953.23 | KES 4,735.71 | KES 10,705.49 | KES 31,065.82 | ||||
| True Price by Comp | |||||||||
| Interest price component | 27.2% | 27.2% | 27.3% | 27.3% | 27.3% | ||||
| Fee Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| 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) | 27.2% | 27.2% | 27.3% | 27.3% | 27.3% | ||||
| Transparency Index | 46 | 46 | 46 | 46 | 46 | ||||
| Original Repayment Schedule | |||||||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | TZS 100,000 | TZS 300,000 | TZS 550,000 | TZS 900,000 | TZS 1,900,000 | TZS 2,800,000 | |||||
| Loan Cycle (1, 2, 3, etc) | 2 | 1 | 4 | 4 | 4 | 4 | |||||
| Disbursement Date | 2013-01-16 | 2013-01-16 | 2013-02-11 | 2013-02-20 | 2013-01-17 | 2013-01-31 | |||||
| Loan Term (Months) | 3.7 months | 3.7 months | 4.7 months | 3.7 months | 6.0 months | 7.0 months | |||||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.1 months | 0.0 months | |||||
| Total Cost of Credit | TZS 16,000 | TZS 48,000 | TZS 110,000 | TZS 144,000 | TZS 456,000 | TZS 896,016 | |||||
| True Price by Comp | |||||||||||
| Interest price component | 87.8% | 87.8% | 88.8% | 87.8% | 76.4% | 89.0% | |||||
| Fee Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
| Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
| Deposit Component | 41.3% | 41.3% | 41.5% | 41.3% | 32.0% | 39.7% | |||||
| Full APR (int fee ins tax dep) | 129.1% | 129.1% | 130.3% | 129.1% | 108.4% | 128.7% | |||||
| Transparency Index | 37 | 37 | 37 | 37 | 44 | 37 | |||||
| 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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