| Outstanding portfolio (KES) | KES 1,035,934,565 |
| Portfolio (USD) | USD 12,511,287.02 |
| Active Clients with Loans | 29,548 |
| Approximate % Female Clients | 20% - 40% |
| Approximate % Urban Clients | 20% - 40% |
| Individual | x |
| 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 | x |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | x |
| 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 | x |
| Other | Must have undergone group training |
| Other (2) | Mustbe 18-35 years old |
| # Regions for this institution | 8 |
| # Regions for this product | 8 |
| Regions Active | Central, Coast, Eastern, Nairobi, North Eastern, Nyanza, Rift Valley, Western |
| Currency | KES |
| Minimum loan size | KES 1,000 |
| Maximum loan size | 100,000 |
| Loans less than KES 50,000 | 60% |
| KES 50,000-150,000 | 40% |
| 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 | 1.0 month |
| Longest loan term | 12.0 months |
| Approx average | 6.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 20% |
| Between 7 and 9 months | 30% |
| Between 10 and 12 months | 50% |
| 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 | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 8.00% |
| Highest quoted nominal interest | 8.00% |
| 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 | LACE (Loan Application & Credit Evaluation Fee) |
| % of loan amount - min | 2.00% |
| % of loan amount - max | 3.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | 3% for 1st cycle, 2% for multiple cycle loans |
| Appears on Repayment Sched? | Yes |
| Ins 1 | |
|---|---|
| Description | Annual Insurance Fee |
| % of loan amount - min | 0.63% |
| % of loan amount - max | 0.63% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | 0.625% per annum. |
| Appears on Repayment Sched? | No |
| Required for | All |
| Criteria | Savings 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 |
| % loan amount deposited | 15.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | When Leaving |
| Minimum interest rate paid | 1.00% |
| Maximum interest rate paid | 3.00% |
| Interest payment frequency | Monthly |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | KES 7,999.96 | KES 24,999.98 | KES 99,999.96 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2013-05-27 | 2013-05-11 | 2013-05-09 | ||
| Loan Term (Months) | 5.9 months | 6.0 months | 12.0 months | ||
| Grace Period (Months) | -0.2 months | 0.0 months | 0.2 months | ||
| Total Cost of Credit | KES 357.94 | KES 1,156.21 | KES 8,624.92 | ||
| True Price by Comp | |||||
| Interest price component | 13.8% | 13.4% | 13.9% | ||
| Fee Component | 0.0% | 0.0% | 0.0% | ||
| Insurance Component | 2.3% | 2.2% | 1.1% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 5.7% | 5.2% | 5.3% | ||
| Full APR (int fee ins tax dep) | 21.8% | 20.8% | 20.3% | ||
| Transparency Index | 37 | 38 | 39 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Institution Type | Other |
| Is this institution regulated? | No |
| Website address | http://www.tujijengeafrika.org/ |
| Year established | 2006 |
| Head of Institution | Nambobi Shafi |
| Regions active | Dar es Salaam, Mara, Mwanza, Pwani |
| # Branches | 5 |
| Total Portfolio (nat'l) | TZS 3,649,989,349 |
| Total Portfolio (USD) | USD 2,295,590.79 |
| Active clients with loans | 10,078 |
| Approximate % female clients | 80% - 100% |
| Approximate % urban clients | 60% - 80% |
| Network affiliations | AFRICAP, TAMFI, Microfinance Association Institution Network |
| Funders | Tujijenge Afrika, Micro Africa, LJK Holdings, Africap |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group Flexible Loan | TZS 50,000 - 4,000,000 | 3 - 12 | 60% - 80% | 60% - 80% | Business | Women, Men, Have business | Credit Educ, Group Mtgs, Credit Ins | |||||||
| Group Loan | TZS 50,000 - 4,000,000 | 3 - 12 | 80% - 100% | 80% - 100% | Business, Housing, Education, Other | Women, Men, Have business, 18 and above | Credit Educ, Group Mtgs, Credit Ins, Other Training, Group dynamics | |||||||
| Individual Loan | TZS 500,000 - 15,000,000 | 6 - 12 | 40% - 60% | 60% - 80% | Business | Women, Men, Have business | Credit Educ, Credit Ins | |||||||
| MYC4 Loan | TZS 500,000 - 50,000,000 | 6 - 18 | 40% - 60% | 80% - 100% | Business | Women, Men, Have business | Credit Educ, Group Mtgs, Credit Ins |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group Flexible Loan | 48.00% annual, Flat | 0 Fees | 0 Ins | None | 20.00% upfront | 65.5% - 93% | 91% - 138.1% | 38 | ||||||||
| Group Loan | 48.00% annual, Flat | 0 Fees | 0 Ins | None | 20.00% upfront | 76.4% - 89% | 108.4% - 130.3% | 38 | ||||||||
| Individual Loan | 36.00% annual, Flat | 2 Fees | 0 Ins | None | 10.00% upfront | 66.3% - 80.3% | 78.6% - 95.4% | 43 | ||||||||
| MYC4 Loan | 40.08% annual, Decl Bal | 2 Fees | 0 Ins | None | N/A | 73.1% - 91.5% | 73.1% - 91.5% | 50 |
| Key Statistics | |
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| % 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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