Number borrowers | 58 |
Loan Amount (range) | KES 100,000 - 500,000 |
Loan Term (range) | 24 |
Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Business Training |
Annual Interest & Method | 20.0% annual, Flat |
Fees | 1.00% upfront |
Insurance | 1.00% upfront |
Tax | None |
Comp Dep | 30.0%-50.0% 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) | 69.7% - 70.8% |
Transparency Index (min/max) | 25 - 38 |
Transparency Index (average) | 28 |
56,067 |
TZS 30,000 - 3,000,000 |
6 - 10 |
Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training |
78.0% annual, Decl Bal |
None |
None |
None |
N/A |
58.6% - 82.2% |
0 - 3.6% |
0 |
0 |
75.7% - 82.2% |
60 - 100 |
98 |
Outstanding portfolio (KES) | KES 11,550,000 |
Portfolio (USD) | USD 139,492.75 |
Active Clients with Loans | 58 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 40% - 60% |
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 | x |
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 | |
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 16,313,780,319 |
Portfolio (USD) | USD 10,260,239.19 |
Active Clients with Loans | 56,067 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 20% - 40% |
Individual | |
Solidarity group | |
Village banking | x |
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 | x |
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 | x |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | 14 |
# Regions for this product | 17 |
Regions Active | Arusha, Dar es Salaam, Dodoma, Iringa, Kagera, Kilimanjaro, Manyara, MaraMbeya, Morogoro, Mwanza, Pwani, Ruvuma, ShinyangaSingida, Tabora, Tanga |
Currency | KES |
Minimum loan size | KES 100,000 |
Maximum loan size | 500,000 |
Loans less than KES 50,000 | 0 |
KES 50,000-150,000 | 60% |
KES 150,000-250,000 | 20% |
KES 250,000-350,000 | 10% |
KES 350,000-450,000 | 10% |
Greater than KES 450,000 | 10% |
Shortest loan term | 24.0 months |
Longest loan term | 24.0 months |
Approx average | 24.0 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 | x |
Every 2 weeks | |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Currency | TZS |
Minimum loan size | TZS 30,000 |
Maximum loan size | 3,000,000 |
Loans less than TZS 350,000 | 40% |
TZS 350,000-1,250,000 | 50% |
TZS 1,250,000-2,000,000 | 10% |
TZS 2,000,000-3,000,000 | 0 |
TZS 3,000,000-4,000,000 | 0 |
Greater than TZS 4,000,000 | 0 |
Shortest loan term | 6.0 months |
Longest loan term | 10.0 months |
Approx average | 6.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 30% |
Between 7 and 9 months | 40% |
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 | 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 | Upfront compulsory deposit rule: 1st cycle loans = 50% requirement. Multiple cycle loans = 30% requirement. |
Is deposit indicated on the repayment schedule? | Yes |
Do borrowers control deposit in their group? | Yes |
% loan amount deposited | 30.00% - 50.00% |
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 | 6.50% |
Highest quoted nominal interest | 6.50% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | 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 |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | KES 105,000 | KES 200,000 | KES 300,000 | KES 350,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2013-06-26 | 2013-06-19 | 2013-09-09 | 2013-08-05 | |||
Loan Term (Months) | 23.0 months | 23.0 months | 23.0 months | 23.0 months | |||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||
Total Cost of Credit | KES 42,484.65 | KES 80,923.10 | KES 121,400 | KES 141,615.40 | |||
True Price by Comp | |||||||
Interest price component | 35.6% | 35.6% | 36.0% | 35.6% | |||
Fee Component | 1.2% | 1.2% | 1.2% | 1.2% | |||
Insurance Component | 1.2% | 1.2% | 1.2% | 1.2% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 31.7% | 31.7% | 32.4% | 31.7% | |||
Full APR (int fee ins tax dep) | 69.7% | 69.7% | 70.8% | 69.7% | |||
Transparency Index | 29 | 29 | 28 | 29 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Loan Amount |
Type of Sample |
Disbursement Date |
Loan Term (Months) |
Grace Period (Months) |
Total Cost of Credit |
Full APR (int fee ins tax dep) |
True Price by Component |
Transparency Index |
Original Repayment Schedule |
MFT Pricing Calculation |
||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Interest price component |
Fee Component |
Insurance Component |
Tax Component |
Deposit Component |
||||||||||
TZS 1,200,000 | Real | 2014-12-16 | 7.4 months | N/A | TZS 376,677.98 | 82.2% | 82.2% | 0.0% | 0.0% | 0.0% | 0.0% | 95 | ||
TZS 1,200,000 | Generated | 2015-03-01 | 7.0 months | N/A | TZS 347,585.42 | 79.4% | 79.4% | 0.0% | 0.0% | 0.0% | 0.0% | 98 | - | |
TZS 350,000 | Real | 2014-12-29 | 5.5 months | N/A | TZS 83,793.43 | 82.2% | 82.2% | 0.0% | 0.0% | 0.0% | 0.0% | 95 | ||
TZS 350,000 | Generated | 2015-03-01 | 6.0 months | N/A | TZS 87,622.16 | 79.4% | 79.4% | 0.0% | 0.0% | 0.0% | 0.0% | 98 | - | |
TZS 75,000 | Generated | 2015-03-01 | 9.0 months | N/A | TZS 26,307.46 | 75.7% | 75.7% | 0.0% | 0.0% | 0.0% | 0.0% | 100 | - | |
TZS 300,000 | Generated | 2015-03-01 | 9.0 months | N/A | TZS 105,229.83 | 75.7% | 75.7% | 0.0% | 0.0% | 0.0% | 0.0% | 100 | - | |
TZS 550,000 | Generated | 2015-03-01 | 9.0 months | N/A | TZS 192,921.35 | 75.7% | 75.7% | 0.0% | 0.0% | 0.0% | 0.0% | 100 | - | |
TZS 750,000 | Generated | 2015-03-01 | 6.0 months | N/A | TZS 178,167.38 | 75.7% | 75.7% | 0.0% | 0.0% | 0.0% | 0.0% | 100 | - | |
TZS 900,000 | Generated | 2015-03-01 | 9.0 months | N/A | TZS 315,689.49 | 75.7% | 75.7% | 0.0% | 0.0% | 0.0% | 0.0% | 100 | - | |
TZS 2,500,000 | Generated | 2015-03-01 | 10.0 months | N/A | TZS 974,184.89 | 75.7% | 75.7% | 0.0% | 0.0% | 0.0% | 0.0% | 100 | - |
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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