2. Jamii Bora
Please note that the information you are viewing is 141 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. Mbinga
Please note that the information you are viewing is 135 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Jamii Bora P.O. Box 22741-00400Nairobi
Data approved: 2013-07-02
Data version: 2
Age of data: 141 months
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Institution

Mbinga Community Bank Ltd Head QuartersMbinga, RuvumaPO Box 290
Data approved: 2013-03-20
Data version: 2
Age of data: 135 months
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Product

Micro Individual Product 6 of 8 « Prev | Next »

Product

Salary Loan Product 1 of 3 « Prev | Next »

Product Summary

Number borrowers242
Loan Amount (range)KES 5,000 - 100,000
Loan Term (range)1 - 12
Other Services (text summary)Credit Educ, Credit Ins, Business Training
Annual Interest & Method22.0% annual, Flat
Fees1.00% upfront
Insurance1.00% upfront
TaxNone
Comp Dep20.0% upfront
Range of pricing 
Interest Price Component34.1% - 40.5%
Fee Component1.0% - 3.5%
Insurance Component1.1% - 3.6%
Tax Component Range0
Full APR (int fee ins tax dep)61.1% - 63.2%
Transparency Index (min/max)25 - 38
Transparency Index (average)35

Product Summary

86
TZS 300,000 - 6,000,000
12
Group Mtgs, Business Training
24.00% annual, Flat
2 fees
1.00% upfront
None
N/A
 
10.1% - 75.8%
3.8% - 19.1%
1.2% - 5.6%
0
50.0% - 59.8%
4 - 48
41

Product Details

Key Statistics
Outstanding portfolio (KES)KES 16,933,450
Portfolio (USD)USD 204,510.27
Active Clients with Loans242
Approximate % Female Clients40% - 60%
Approximate % Urban Clients40% - 60%
Methodology
Individualx
Solidarity group
Village banking
Self help group
OtherIndividual loans with group collateral
Description
Micro Individual loans are offered to members that have saved money with Jamii Bora for a minimum of six weeks. Loan cannot be more than twice the amount in the member's savings account. Interest is charged only until the day the loan is fully paid.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetings
Credit insurancex
Workplace visits
Business trainingx
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
OtherMust have saved money in a Jamii Bora account for at least six weeks
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution7
# Regions for this product7
Regions ActiveCentral, Coast, Eastern, Nairobi, Nyanza, Rift Valley, Western

Product Details

Key Statistics
Outstanding portfolio (TZS)TZS 297,308,780.30
Portfolio (USD)USD 186,986.65
Active Clients with Loans86
Approximate % Female Clients60% - 80%
Approximate % Urban Clients40% - 60%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
It enables clients to meet their financial demands while enjoying flexible payments.
Loan Purpose
Any purposex
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetingsx
Credit insurance
Workplace visits
Business trainingx
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 workerx
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution1
# Regions for this product1
Regions ActiveRuvuma

Loan Conditions

Loan Amount
CurrencyKES
Minimum loan sizeKES 5,000
Maximum loan size100,000
Distribution at Disbursement (Est.)
Loans less than KES 50,00010%
KES 50,000-150,00090%
KES 150,000-250,0000
KES 250,000-350,0000
KES 350,000-450,0000
Greater than KES 450,0000
Loan Term and Grace Period
Shortest loan term1.0 month
Longest loan term12.0 months
Approx average6.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months100%
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
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyTZS
Minimum loan sizeTZS 300,000
Maximum loan size6,000,000
Distribution at Disbursement (Est.)
Loans less than TZS 350,0005%
TZS 350,000-1,250,00010%
TZS 1,250,000-2,000,00010%
TZS 2,000,000-3,000,00010%
TZS 3,000,000-4,000,00010%
Greater than TZS 4,000,00010%
Loan Term and Grace Period
Shortest loan term12.0 months
Longest loan term12.0 months
Approx average12.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months100%
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
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest22.00%
Highest quoted nominal interest22.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionChattels Fee
% of loan amount - min1.00%
% of loan amount - max1.00%
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
DescriptionCredit/Life Insurance Fee
% of loan amount - min1.00%
% of loan amount - max1.00%
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?Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited20.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid0
Maximum interest rate paid0
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Pricing Information

Interest
Lowest quoted nominal interest24.00%
Highest quoted nominal interest24.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionLoan Application FeeLegal Set Up Fee
% of loan amount - min2.00%1.00%
% of loan amount - max2.00%1.00%
OR, Fixed amount - min00
Fixed amount - max00
Reason for variationN/AN/A
Appears on Repayment Sched?NoYes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionLoan Insurance
% of loan amount - min1.00%
% of loan amount - max1.00%
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 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

Full Pricing Data

Micro Individual samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountKES 10,000KES 30,000KES 50,000KES 90,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2013-07-152013-03-202013-07-102013-02-06
Loan Term (Months)6.0 months12.0 months9.0 months12.0 months
Grace Period (Months)0.0 months0.0 months0.0 months-0.1 months
Total Cost of CreditKES 1,300KES 7,200KES 9,244KES 21,600
True Price by Comp       
Interest price component35.9%37.6%37.0%38.1%
Fee Component3.5%2.0%2.5%2.0%
Insurance Component3.6%2.0%2.5%2.0%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component20.2%19.5%20.0%20.1%
Full APR (int fee ins tax dep)63.2%61.1%62.0%62.2%
Transparency Index35363535
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF

Full Pricing Data

Salary Loan samples
Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountTZS 450,000TZS 1,000,000TZS 1,900,000TZS 3,000,000TZS 5,000,000
Loan Cycle (1, 2, 3, etc)111Not KnownNot Known
Disbursement Date2013-02-212013-03-282013-02-252013-05-182013-01-30
Loan Term (Months)11.0 months11.0 months11.0 months23.0 months11.0 months
Grace Period (Months)-1.0 months-1.0 months-1.0 months-1.0 months-1.0 months
Total Cost of CreditTZS 126,000TZS 280,000TZS 532,000TZS 1,558,000.07TZS 1,400,000
True Price by Comp         
Interest price component49.8%49.8%49.8%44.9%49.7%
Fee Component7.4%7.4%7.4%3.8%7.5%
Insurance Component2.6%2.6%2.6%1.3%2.5%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)59.8%59.8%59.8%50.0%59.7%
Transparency Index4040404840
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF
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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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