2. Family Bank
Please note that the information you are viewing is 172 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. VF^Tanzania
Please note that the information you are viewing is 129 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Family Bank Ltd. NairobiKenyaP.O. Box 74145
Data approved: 2010-09-13
Data version: 1
Age of data: 172 months

Institution

Vision Fund - Tanzania P.o.box 1546,Arusha TanzaniaArusha255
Data approved: 2014-04-01
Data version: 1
Age of data: 129 months

Product

Asset Finance Loan Product 1 of 5 « Prev | Next »

Product

Mkombozi Product 4 of 5 « Prev | Next »

Product Summary

Number borrowers2,000
Loan Amount (range)KES 300,000 - 20,000,000
Loan Term (range)6 - 48
Other Services (text summary)Credit Educ, Credit Ins, Tech Asst Visits
Annual Interest & Method10.6% annual, Flat
Fees3 fees
InsuranceNone
TaxNone
Comp DepN/A
Range of pricing 
Interest Price ComponentN/A
Fee Component23.8% - 27.7% (Int+Fee)
Insurance Component0
Tax Component Range0
Full APR (int fee ins tax dep)23.8% - 27.7%
Transparency Index (min/max)23 - 77
Transparency Index (average)41

Product Summary

2,393
TZS 50,000 - 1,000,000
6 - 8
Credit Ins
60.0% annual, Flat
8.00% upfront
2.00% upfront
None
10.0% upfront
 
45.2% - 59.1%
2.0% - 16.9%
1.8% - 7.5%
0
69.9% - 81.9%
32 - 86
80

Product Details

Key Statistics
Outstanding portfolio (KES)KES 1,100,000,000
Portfolio (USD)USD 13,285,024.15
Active Clients with Loans2,000
Approximate % Female Clients20% - 40%
Approximate % Urban Clients60% - 80%
Methodology
Individualx
Solidarity groupx
Village banking
Self help group
OtherLimited companies
Description
Credit product to indviduals and SMEs for purchase of motor vehicles
Loan Purpose
Any purpose
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
OtherOnly for purposes of buying assets(motor vehicles)
Other (2)
Included Services
Credit educationx
Group meetings
Credit insurancex
Workplace visitsx
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
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 institutionN/A
# Regions for this productN/A
Regions Active

Product Details

Key Statistics
Outstanding portfolio (TZS)TZS 586,342,567
Portfolio (USD)USD 368,768.91
Active Clients with Loans2,393
Approximate % Female Clients40% - 60%
Approximate % Urban Clients0
Methodology
Individual
Solidarity group
Village bankingx
Self help group
Other
Description
Mkombozi loan is an agricultural loan provided to a group of 10 to 15 members based in rural areas. The loan size could range from TZS 50,000 to 200, 000.
Loan Purpose
Any purpose
Income generation
Mortgage/housing
Consumer loan
Agriculturex
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a business
Must own a home or landx
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 product7
Regions ActiveDodoma, Kagera, Kilimanjaro, Morogoro, ShinyangaSingida, Tanga

Loan Conditions

Loan Amount
CurrencyKES
Minimum loan sizeKES 300,000
Maximum loan size20,000,000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term48.0 months
Approx average24.0 months
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

Loan Conditions

Loan Amount
CurrencyTZS
Minimum loan sizeTZS 50,000
Maximum loan size1,000,000
Distribution at Disbursement (Est.)
Loans less than TZS 350,00090%
TZS 350,000-1,250,00010%
TZS 1,250,000-2,000,0000
TZS 2,000,000-3,000,0000
TZS 3,000,000-4,000,0000
Greater than TZS 4,000,0000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term8.0 months
Approx average7.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months70%
Between 7 and 9 months30%
Between 10 and 12 months0
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
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end paymentx
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest10.60%
Highest quoted nominal interest10.60%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionProcessing FeeLegal fee
% of loan amount - min3.00%0
% of loan amount - max3.00%0
OR, Fixed amount - min02,000
Fixed amount - max02,000
Reason for variationN/AN/A
Appears on Repayment Sched?NoNo
Ongoing Fees
Fee 1
DescriptionLedger Fee
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min200
Fixed amount - max200
Reason for variationN/A
Appears on Repayment Sched?Yes
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No
Additional Comments
The loan amount forms 6% of the value of the asset/motor vehicle financed; hence the borrower contributes 4% of the value. Insurance fee is 0.3% of the loan amount multiplied by number of months in loan term.

Pricing Information

Interest
Lowest quoted nominal interest5.00%
Highest quoted nominal interest5.00%
Reason(s) why interest rate variesNo Variation
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?Yes
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min8.00%
% of loan amount - max8.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsuarance
% of loan amount - min2.00%
% of loan amount - max2.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?Yes
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 depositFinal Pmt
Interest Paid on Deposit
Minimum interest rate paid0
Maximum interest rate paid0
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No
Additional Comments
62% of Vision Fund Tanzania clients are female and 52% lives in urban areas.

Full Pricing Data

Asset Finance Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountKES 280,000KES 315,000KES 390,000KES 392,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2009-12-242010-01-072010-02-042010-01-08
Loan Term (Months)24.0 months36.0 months24.0 months12.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot Known
True Price by Comp       
Interest and Fee Component25.8%23.8%26.0%27.7%
Insurance Component0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)25.8%23.8%26.0%27.7%
Transparency Index41454138
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF

Full Pricing Data

Mkombozi samples
Sample 1Sample 2Sample 3
Loan AmountTZS 250,000TZS 300,000TZS 350,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2014-02-122014-01-092014-04-01
Loan Term (Months)6.0 months7.0 months8.0 months
Grace Period (Months)0.0 months0.0 months0.0 months
Total Cost of CreditTZS 100,000TZS 120,000TZS 175,000
True Price by Comp     
Interest price component52.9%45.2%51.2%
Fee Component16.9%14.4%12.7%
Insurance Component4.4%3.8%3.4%
Tax Component0.0%0.0%0.0%
Deposit Component7.7%6.5%6.6%
Full APR (int fee ins tax dep)81.9%69.9%73.9%
Transparency Index738681
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
Asset Finance Loan Price Graphs


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Mkombozi 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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