Outstanding portfolio (KES) | KES 2,500,000,000 |
Portfolio (USD) | USD 30,193,236.71 |
Active Clients with Loans | 3,000 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 40% - 60% |
Individual | x |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | x |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | |
Credit insurance | x |
Workplace visits | x |
Business training | x |
Other training | |
Other | |
Other (2) | |
No other services |
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 | Must have collateral |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Currency | KES |
Minimum loan size | KES 100,000 |
Maximum loan size | 20,000,000 |
Shortest loan term | 6.0 months |
Longest loan term | 60.0 months |
Approx average | 36.0 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 |
Lowest quoted nominal interest | 18.50% |
Highest quoted nominal interest | 18.50% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Processing 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 | N/A |
Appears on Repayment Sched? | No |
Fee 1 | |
---|---|
Description | Ledger Fee |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 200 |
Fixed amount - max | 200 |
Reason for variation | N/A |
Appears on Repayment Sched? | 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? | No |
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 |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | KES 100,000 | KES 200,000 | KES 300,000 | KES 400,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2010-02-10 | 2010-01-20 | 2009-12-22 | 2010-02-03 | |||
Loan Term (Months) | 12.0 months | 36.0 months | 24.0 months | 36.0 months | |||
Grace Period (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 | |||
True Price by Comp | |||||||
Interest and Fee Component | 34.3% | 25.9% | 25.6% | 23.9% | |||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Full APR (int fee ins tax dep) | 34.3% | 25.9% | 25.6% | 23.9% | |||
Transparency Index | 54 | 71 | 72 | 77 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Institution Type | Bank |
Is this institution regulated? | Yes |
Website address | N/A |
Year established | 2000 |
Head of Institution | A.Y.Ghuhia |
Regions active | Kilimanjaro |
# Branches | 1 |
Total Portfolio (nat'l) | TZS 5,079,003,643 |
Total Portfolio (USD) | USD 3,194,341.91 |
Active clients with loans | 4,004 |
Approximate % female clients | 20% - 40% |
Approximate % urban clients | 0% - 20% |
Network affiliations | TAMFI |
Funders |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Agriculture Loans | TZS 500,000 - 5,000,000 | 12 | 40% - 60% | 0% - 20% | Business | Women, Men | Business Training | |||||||
Group Loans | TZS 100,000 - 2,200,000 | 3 - 6 | 60% - 80% | 0% - 20% | Business | Women, Men, Have business | Business Training | |||||||
Business Loans | TZS 100,000 - 100,000,000 | 6 - 24 | 20% - 40% | 0% - 20% | Business | Women, Men, Have business | Tech Asst Visits, Other Training | |||||||
Salaried Loans | TZS 100,000 - 9,000,000 | 1 - 36 | 40% - 60% | 60% - 80% | Consumer | Women, Men, Salaried worker | Credit Educ, Other Training |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Agriculture Loans | 30.00% annual, Decl Bal | 1 Fee | 1 Ins | None | 15.00% upfront | 31.9% | 40.1% | 74 | ||||||||
Group Loans | 30.00% annual, Flat | 1 Fee | 1 Ins | None | 15.00% upfront | 57.7% - 61.5% | 78.8% - 86.5% | 37 | ||||||||
Business Loans | 21.60% annual, Flat | 1 Fee | 1 Ins | None | 15.00% upfront | 32.2% - 41.1% | 42.8% - 58.4% | 43 | ||||||||
Salaried Loans | 10.00%-18.00% annual, Flat | 1 Fee | 1 Ins | None | N/A | 34.4% - 37.9% | 35.3% - 39.3% | 26 |
Key Statistics | |
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Loan Portfolio (USD) | |
% Products using declining balance | |
% Products with one or more fee | |
% Products with one or more insurances | |
% Products with compulsory deposits |
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