Outstanding portfolio (KES) | KES 91,833,689 |
Portfolio (USD) | USD 1,109,102.52 |
Active Clients with Loans | 4,198 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 0% - 20% |
Individual | x |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | x |
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 | Optional low-cost life insurance through CIC, KES 3290pa |
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 be a farmer |
Other (2) |
# Regions for this institution | 5 |
# Regions for this product | 5 |
Regions Active | Central, Eastern, Nyanza, Rift Valley, Western |
Currency | KES |
Minimum loan size | KES 10,000 |
Maximum loan size | 500,000 |
Loans less than KES 50,000 | 70% |
KES 50,000-150,000 | 30% |
KES 150,000-250,000 | 0 |
KES 250,000-350,000 | 0 |
KES 350,000-450,000 | 0 |
Greater than KES 450,000 | 0 |
Shortest loan term | 6.0 months |
Longest loan term | 24.0 months |
Approx average | 12.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 5% |
Between 7 and 9 months | 10% |
Between 10 and 12 months | 80% |
Between 13 and 18 months | 5% |
Longer than 18 months | 0 |
Grace period usage | 100% |
Average grace period | 2.0 months |
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 | x |
Lowest quoted nominal interest | 32.00% |
Highest quoted nominal interest | 32.00% |
Reason(s) why interest rate varies | Changing all loans from 16% to 18% starting Jan 2010 |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | Yes |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Loan Application Fee | Registration Fee | |
% of loan amount - min | 1.00% | 0 | |
% of loan amount - max | 1.00% | 0 | |
OR, Fixed amount - min | 0 | 500 | |
Fixed amount - max | 0 | 500 | |
Reason for variation | N/A | N/A | |
Appears on Repayment Sched? | Yes | Yes |
Ins 1 | Ins 2 | ||
---|---|---|---|
Description | Loan Insurance Fee | Asset Insurance Fee | |
% of loan amount - min | 1.00% | 1.00% | |
% of loan amount - max | 2.00% | 2.00% | |
OR, Fixed amount - min | 0 | 0 | |
Fixed amount - max | 0 | 0 | |
Reason for variation | 1% of the loan amount p.a | 1% of the loan amount p.a | |
Appears on Repayment Sched? | Yes | Yes |
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 | 15.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | Access During |
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 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | KES 10,000 | KES 25,000 | KES 50,000 | KES 110,000 | KES 300,000 | ||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
Disbursement Date | 2013-04-22 | 2013-04-17 | 2013-03-15 | 2013-05-24 | 2013-05-06 | ||||
Loan Term (Months) | 12.0 months | 14.0 months | 14.0 months | 25.0 months | 21.0 months | ||||
Grace Period (Months) | 0.0 months | 2.0 months | 2.1 months | 0.0 months | 0.0 months | ||||
Total Cost of Credit | KES 2,598 | KES 7,071.68 | KES 13,644.34 | KES 45,958 | KES 109,277 | ||||
True Price by Comp | |||||||||
Interest price component | 31.7% | 31.8% | 30.7% | 30.7% | 30.9% | ||||
Fee Component | 12.3% | 4.7% | 3.1% | 1.6% | 1.4% | ||||
Insurance Component | 4.4% | 3.3% | 3.1% | 4.4% | 5.0% | ||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Deposit Component | 16.3% | 11.5% | 10.7% | 11.4% | 11.9% | ||||
Full APR (int fee ins tax dep) | 64.7% | 51.3% | 47.6% | 48.1% | 49.2% | ||||
Transparency Index | 49 | 62 | 67 | 67 | 65 | ||||
Original Repayment Schedule | |||||||||
MFT Pricing Calculation |
Institution | # Borrowers | Portfolio (US$) | Products | Age of Data |
---|---|---|---|---|
ABT | 25,400 | 37,378,000 | 2 | 120 |
AKIBA | 26,900 | 36,852,000 | 4 | 133 |
BELITA | 5,800 | 492,000 | 1 | 133 |
BRAC Tanzania | 102,300 | 19,663,000 | 2 | 133 |
F & K Finance | 0 | 38,000 | 1 | 156 |
FINCA Tanzania | 78,400 | 31,517,000 | 3 | 116 |
FMFC | 1,500 | 392,000 | 6 | 133 |
K-Finance Ltd | 1,000 | 264,000 | 2 | 133 |
Mbinga | 1,000 | 2,986,000 | 3 | 133 |
MCBL | 3,600 | 2,837,000 | 6 | 133 |
MDF Tanzania | 600 | 148,000 | 1 | 133 |
NMB | 45,100 | 74,528,000 | 1 | 133 |
Opportunity | 8,600 | 3,018,000 | 3 | 133 |
PRIDE Tanzania | 104,400 | 33,321,000 | 3 | 133 |
PTF | - | N/A | 133 | |
Selfina | 8,000 | 3,773,000 | 2 | 156 |
Tujijenge Tanzania | 10,000 | 2,060,000 | 4 | 133 |
VF^Tanzania | 34,390 | 7,613,000 | 4 | 127 |
Victoria | 100 | 377,000 | 3 | 156 |
YOSEFO | 17,100 | 2,211,000 | 3 | 156 |
Key Statistics | |
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# Samples: | |
# Products | |
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# 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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