| Number borrowers | 1,004 |
| Loan Amount (range) | KES 100,001 - 500,000 |
| Loan Term (range) | 6 - 24 |
| Other Services (text summary) | Credit Educ, Credit Ins, Business Training |
| Annual Interest & Method | 20.0% annual, Flat |
| Fees | 1.00% upfront |
| Insurance | 1.00% upfront |
| Tax | None |
| Comp Dep | 20.0% upfront |
| Range of pricing | |
| Interest Price Component | 34.1% - 40.5% |
| Fee Component | 1.0% - 3.5% |
| Insurance Component | 1.1% - 3.6% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 52.1% - 52.2% |
| Transparency Index (min/max) | 25 - 38 |
| Transparency Index (average) | 38 |
| 1,262 |
| TZS 1,000,000 - 10,000,000 |
| 3 - 12 |
| 30.0% annual, Flat |
| 1.00% upfront |
| 1.00% upfront |
| None |
| 10.0% upfront |
| 45.2% - 59.1% |
| 2.0% - 16.9% |
| 1.8% - 7.5% |
| 0 |
| 64.2% - 66.0% |
| 32 - 86 |
| 46 |
| Outstanding portfolio (KES) | KES 207,665,000 |
| Portfolio (USD) | USD 2,508,031.40 |
| Active Clients with Loans | 1,004 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 40% - 60% |
| Individual | x |
| Solidarity group | |
| 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 | x |
| 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 | Must have taken at least 3 Micro Individual loans with a perfect repayment rate. |
| Other (2) |
| # Regions for this institution | 7 |
| # Regions for this product | 7 |
| Regions Active | Central, Coast, Eastern, Nairobi, Nyanza, Rift Valley, Western |
| Outstanding portfolio (TZS) | TZS 1,987,678,908 |
| Portfolio (USD) | USD 1,250,112.52 |
| Active Clients with Loans | 1,262 |
| Approximate % Female Clients | 20% - 40% |
| Approximate % Urban Clients | 100% |
| Individual | x |
| Solidarity group | |
| 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 | |
| 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 | x |
| Must own a home or land | x |
| Must be a salaried worker | |
| Must be specific age group | x |
| Other | |
| Other (2) |
| # Regions for this institution | 4 |
| # Regions for this product | 12 |
| Regions Active | Arusha, Dar es Salaam, Dodoma, Kagera, Kilimanjaro, Manyara, Morogoro, Mwanza, ShinyangaSingida, Tabora, Tanga |
| Currency | KES |
| Minimum loan size | KES 100,001 |
| Maximum loan size | 500,000 |
| Loans less than KES 50,000 | 0 |
| KES 50,000-150,000 | 0 |
| KES 150,000-250,000 | 60% |
| KES 250,000-350,000 | 30% |
| KES 350,000-450,000 | 5% |
| Greater than KES 450,000 | 5% |
| Shortest loan term | 6.0 months |
| Longest loan term | 24.0 months |
| Approx average | 9.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 0 |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 100% |
| 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 1,000,000 |
| Maximum loan size | 10,000,000 |
| Loans less than TZS 350,000 | 0 |
| TZS 350,000-1,250,000 | 20% |
| TZS 1,250,000-2,000,000 | 10% |
| TZS 2,000,000-3,000,000 | 20% |
| TZS 3,000,000-4,000,000 | 40% |
| Greater than TZS 4,000,000 | 40% |
| Shortest loan term | 3.0 months |
| Longest loan term | 12.0 months |
| Approx average | 6.0 months |
| Loans 3 months or less | 5% |
| Between 4 and 6 months | 70% |
| Between 7 and 9 months | 15% |
| Between 10 and 12 months | 10% |
| 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 | 20.00% |
| Highest quoted nominal interest | 20.00% |
| 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 | Chattels Fee |
| % of loan amount - min | 1.00% |
| % of loan amount - max | 1.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
| Ins 1 | |
|---|---|
| Description | Credit/Life Insurance Fee |
| % of loan amount - min | 1.00% |
| % of loan amount - max | 1.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | Yes |
| 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 | End Term |
| Minimum interest rate paid | 0 |
| Maximum interest rate paid | 0 |
| Interest payment frequency | N/A |
| Are taxes charged on this product? | No |
| Lowest quoted nominal interest | 2.50% |
| Highest quoted nominal interest | 2.50% |
| Reason(s) why interest rate varies | No Variation |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | Yes |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Application Fee |
| % of loan amount - min | 1.00% |
| % of loan amount - max | 1.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
| Ins 1 | |
|---|---|
| Description | Insurance |
| % of loan amount - min | 1.00% |
| % of loan amount - max | 1.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | Yes |
| 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 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | KES 105,000 | KES 200,000 | KES 300,000 | KES 500,000 | |||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
| Disbursement Date | 2013-07-31 | 2013-08-02 | 2013-07-30 | 2013-08-23 | |||
| Loan Term (Months) | 24.0 months | 24.0 months | 24.0 months | 24.0 months | |||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||
| Total Cost of Credit | KES 44,100 | KES 84,000 | KES 126,000 | KES 210,000 | |||
| True Price by Comp | |||||||
| Interest price component | 34.2% | 34.2% | 34.1% | 34.2% | |||
| Fee Component | 1.0% | 1.0% | 1.1% | 1.0% | |||
| Insurance Component | 1.1% | 1.1% | 1.1% | 1.1% | |||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Deposit Component | 15.9% | 15.9% | 15.8% | 15.9% | |||
| Full APR (int fee ins tax dep) | 52.2% | 52.2% | 52.1% | 52.2% | |||
| Transparency Index | 38 | 38 | 38 | 38 | |||
| Original Repayment Schedule | |||||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | TZS 3,000,000 | TZS 4,000,000 | TZS 5,000,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2014-03-12 | 2014-03-03 | 2014-03-20 | ||
| Loan Term (Months) | 6.0 months | 12.0 months | 9.0 months | ||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
| Total Cost of Credit | TZS 510,000 | TZS 1,280,000 | TZS 1,225,000 | ||
| True Price by Comp | |||||
| Interest price component | 48.5% | 50.1% | 49.8% | ||
| Fee Component | 3.5% | 2.0% | 2.6% | ||
| Insurance Component | 3.6% | 2.1% | 2.6% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 10.4% | 10.0% | 10.3% | ||
| Full APR (int fee ins tax dep) | 66.0% | 64.2% | 65.3% | ||
| Transparency Index | 45 | 47 | 46 | ||
| 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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