Number borrowers | 5,500 |
Loan Amount (range) | KES 5,000 - 500,000 |
Loan Term (range) | 6 - 24 |
Other Services (text summary) | Credit Educ, Credit Ins, Tech Asst Visits, Business Training, Other Training, Book-keeping skills |
Annual Interest & Method | 19.2% annual, Flat |
Fees | 3.00% upfront upfront |
Insurance | 3.00% upfront |
Tax | None |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 39.8% - 48.5% (Int+Fee) |
Insurance Component | 0 |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 39.8% - 48.5% |
Transparency Index (min/max) | 23 - 77 |
Transparency Index (average) | 45 |
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 |
Outstanding portfolio (KES) | KES 510,000,000 |
Portfolio (USD) | USD 6,159,420.29 |
Active Clients with Loans | 5,500 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 20% - 40% |
Individual | x |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | x |
Other | |
Other (2) |
Credit education | x |
Group meetings | |
Credit insurance | x |
Workplace visits | x |
Business training | x |
Other training | x |
Other | Book-keeping skills |
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 | Can use loan to start a business |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Outstanding portfolio (TZS) | TZS 728,594,233.20 |
Portfolio (USD) | USD 458,235.37 |
Active Clients with Loans | 137 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 60% - 80% |
Individual | |
Solidarity group | x |
Village banking | |
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 | |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | |
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 | |
Other | |
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 | 500,000 |
Shortest loan term | 6.0 months |
Longest loan term | 24.0 months |
Approx average | 12.0 months |
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 500,000 |
Maximum loan size | 15,000,000 |
Loans less than TZS 350,000 | 0 |
TZS 350,000-1,250,000 | 5% |
TZS 1,250,000-2,000,000 | 10% |
TZS 2,000,000-3,000,000 | 10% |
TZS 3,000,000-4,000,000 | 10% |
Greater than TZS 4,000,000 | 10% |
Shortest loan term | 6.0 months |
Longest loan term | 12.0 months |
Approx average | 8.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 40% |
Between 7 and 9 months | 30% |
Between 10 and 12 months | 30% |
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 |
Lowest quoted nominal interest | 1.60% |
Highest quoted nominal interest | 1.60% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Processing Fee | Legal Fee | |
% of loan amount - min | 3.00% | 0 | |
% of loan amount - max | 3.00% | 0 | |
OR, Fixed amount - min | 0 | 0 | |
Fixed amount - max | 0 | 2,000 | |
Reason for variation | N/A | Applied to amounts above KES 100,000 | |
Appears on Repayment Sched? | No | No |
Ins 1 | |
---|---|
Description | Insurance Fee |
% of loan amount - min | 3.00% |
% of loan amount - max | 3.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | 0.3% of the loan amount x number of months |
Appears on Repayment Sched? | 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 | 36.00% |
Highest quoted nominal interest | 36.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | Yes |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Loan Application Fee | Loan Processing Fee | |
% of loan amount - min | 0 | 2.00% | |
% of loan amount - max | 0 | 2.00% | |
OR, Fixed amount - min | 20,000 | 0 | |
Fixed amount - max | 20,000 | 0 | |
Reason for variation | N/A | N/A | |
Appears on Repayment Sched? | No | No |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | No |
Do borrowers control deposit in their group? | No |
% loan amount deposited | 10.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | End Term |
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 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | KES 10,000 | KES 25,000 | KES 50,000 | KES 100,000 | KES 200,000 | KES 300,000 | |||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
Disbursement Date | 2009-12-18 | 2009-11-09 | 2010-01-22 | 2009-12-28 | 2009-12-08 | 2009-12-08 | |||||
Loan Term (Months) | 6.0 months | 12.0 months | 12.0 months | 6.0 months | 12.0 months | 12.0 months | |||||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||||
Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
True Price by Comp | |||||||||||
Interest and Fee Component | 44.0% | 40.8% | 41.4% | 48.5% | 42.6% | 39.8% | |||||
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 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Full APR (int fee ins tax dep) | 44.0% | 40.8% | 41.4% | 48.5% | 42.6% | 39.8% | |||||
Transparency Index | 44 | 47 | 46 | 40 | 45 | 48 | |||||
Original Repayment Schedule | |||||||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | TZS 500,000 | TZS 1,000,000 | TZS 2,000,000 | TZS 3,000,000 | TZS 4,000,000 | TZS 5,000,000 | |||||
Loan Cycle (1, 2, 3, etc) | 2 | 2 | 2 | 2 | 4 | 6 | |||||
Disbursement Date | 2012-12-21 | 2013-01-07 | 2013-01-17 | 2013-02-20 | 2012-12-21 | 2012-12-21 | |||||
Loan Term (Months) | 6.0 months | 6.0 months | 8.0 months | 8.0 months | 8.0 months | 6.0 months | |||||
Grace Period (Months) | 0.0 months | 0.0 months | 0.1 months | -0.1 months | 0.0 months | 0.0 months | |||||
Total Cost of Credit | TZS 120,000 | TZS 220,000 | TZS 540,000 | TZS 800,000 | TZS 1,060,000 | TZS 1,020,000 | |||||
True Price by Comp | |||||||||||
Interest price component | 58.0% | 58.5% | 59.4% | 59.7% | 59.1% | 58.0% | |||||
Fee Component | 22.3% | 14.8% | 8.7% | 7.8% | 7.2% | 8.7% | |||||
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 | 15.1% | 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 Index | 38 | 41 | 45 | 45 | 46 | 46 | |||||
Original Repayment Schedule | |||||||||||
MFT Pricing Calculation |
Key Statistics | |
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# 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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