| Number borrowers | 702 |
| Loan Amount (range) | KES 5,000 - 1,000,000 |
| Loan Term (range) | 3 - 24 |
| Other Services (text summary) | Credit Ins, Tech Asst Visits |
| Annual Interest & Method | 18.0%-22.0% annual, Flat |
| Fees | 3.00% upfront |
| Insurance | 1.20% upfront |
| Tax | None |
| Comp Dep | 20.0%-30.0% upfront 400.00 ongoing |
| Range of pricing | |
| Interest Price Component | 19.3% - 39.1% |
| Fee Component | 3.3% - 11.5% |
| Insurance Component | 1.4% - 4.7% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 35.3% - 40.9% |
| Transparency Index (min/max) | 17 - 51 |
| Transparency Index (average) | 47 |
| 2,439 |
| TZS 3,000,000 - 35,000,000 |
| 6 - 24 |
| Group Mtgs, Credit Ins |
| 22.0%-24.0% annual, Flat |
| 1.00% upfront |
| 1.35% upfront |
| None |
| 25.0% upfront 13,000.00 ongoing |
| 35.8% - 52.8% |
| 2.0% - 6.7% |
| 0 - 5.1% |
| 0 |
| 77.9% - 80.5% |
| 21 - 91 |
| 27 |
| Outstanding portfolio (KES) | KES 40,091,409 |
| Portfolio (USD) | USD 484,195.76 |
| Active Clients with Loans | 702 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 60% - 80% |
| Individual | x |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | x |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | |
| Group meetings | |
| Credit insurance | x |
| Workplace visits | x |
| Business training | |
| 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 | |
| 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 8,761,921,729 |
| Portfolio (USD) | USD 5,510,642.60 |
| Active Clients with Loans | 2,439 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 80% - 100% |
| Individual | x |
| 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 | |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | |
| Business training | |
| 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 | 20 |
| # Regions for this product | 26 |
| Regions Active | Arusha, Dar es Salaam, Dodoma, Iringa, Kagera, Kigoma, Kilimanjaro, Lindi, Manyara, MaraMbeya, Morogoro, Mtwara, Mwanza, Pemba North, Pemba South, Pwani, Rukwa, Ruvuma, ShinyangaSingida, Tabora, Tanga, Zanzibar Central/South, Zanzibar North, Zanzibar Urban/West |
| Currency | KES |
| Minimum loan size | KES 5,000 |
| Maximum loan size | 1,000,000 |
| Loans less than KES 50,000 | 30% |
| KES 50,000-150,000 | 50% |
| KES 150,000-250,000 | 10% |
| KES 250,000-350,000 | 10% |
| KES 350,000-450,000 | 0 |
| Greater than KES 450,000 | 0 |
| Shortest loan term | 3.0 months |
| Longest loan term | 24.0 months |
| Approx average | 9.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 40% |
| Between 7 and 9 months | 50% |
| Between 10 and 12 months | 10% |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| Grace period usage | 100% |
| Average grace period | 1.0 month |
| Daily | |
| Weekly | |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | x |
| Irregular payments |
| Currency | TZS |
| Minimum loan size | TZS 3,000,000 |
| Maximum loan size | 35,000,000 |
| Loans less than TZS 350,000 | 0 |
| TZS 350,000-1,250,000 | 0 |
| TZS 1,250,000-2,000,000 | 0 |
| TZS 2,000,000-3,000,000 | 0 |
| TZS 3,000,000-4,000,000 | 40% |
| Greater than TZS 4,000,000 | 40% |
| Shortest loan term | 6.0 months |
| Longest loan term | 24.0 months |
| Approx average | DK |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 20% |
| Between 13 and 18 months | 30% |
| Longer than 18 months | 50% |
| 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 | 18.00% |
| Highest quoted nominal interest | 22.00% |
| Reason(s) why interest rate varies | Time as Client |
| 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 | Loan Application 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? | Yes |
| Ins 1 | |
|---|---|
| Description | Annual Loan Protection Fee |
| % of loan amount - min | 1.20% |
| % of loan amount - max | 1.20% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | Yes |
| Required for | All |
| Criteria | Upfront: Sol group loans =20%. Individual loans =30%. |
| Is deposit indicated on the repayment schedule? | Yes |
| Do borrowers control deposit in their group? | Yes |
| % loan amount deposited | 20.00% - 30.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | KES 400 |
| 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 | 22.00% |
| Highest quoted nominal interest | 24.00% |
| Reason(s) why interest rate varies | Loan Size, Loans < 5M pay 24% and loans > 5M pay 22%. |
| 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 | 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? | Yes |
| Ins 1 | |
|---|---|
| Description | Loan Insurance |
| % of loan amount - min | 1.35% |
| % of loan amount - max | 1.35% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | Yes |
| Required for | All |
| Criteria | Interest on deposit is paid every six months. |
| Is deposit indicated on the repayment schedule? | No |
| Do borrowers control deposit in their group? | No |
| % loan amount deposited | 25.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | TZS 13,000 |
| Conditions on access to deposit | When Leaving |
| Minimum interest rate paid | 3.00% |
| Maximum interest rate paid | 5.00% |
| Interest payment frequency | End Term |
| 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 100,000 | KES 300,000 | ||||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
| Disbursement Date | 2013-06-11 | 2013-05-10 | 2013-05-14 | 2013-04-23 | 2013-05-28 | ||||
| Loan Term (Months) | 6.0 months | 12.0 months | 9.0 months | 9.0 months | 9.0 months | ||||
| Grace Period (Months) | 5.1 months | 11.2 months | 8.2 months | 8.2 months | 8.2 months | ||||
| Total Cost of Credit | KES 1,395 | KES 6,550 | KES 10,350.03 | KES 20,700 | KES 62,100 | ||||
| True Price by Comp | |||||||||
| Interest price component | 19.3% | 21.7% | 21.6% | 21.7% | 21.7% | ||||
| Fee Component | 6.3% | 3.3% | 4.4% | 4.4% | 4.4% | ||||
| Insurance Component | 2.6% | 1.4% | 1.7% | 1.7% | 1.8% | ||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Deposit Component | 12.2% | 10.3% | 8.5% | 13.1% | 7.4% | ||||
| Full APR (int fee ins tax dep) | 40.4% | 36.7% | 36.2% | 40.9% | 35.3% | ||||
| Transparency Index | 45 | 49 | 50 | 44 | 51 | ||||
| Original Repayment Schedule | |||||||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | TZS 3,000,000 | TZS 3,800,000 | TZS 5,000,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2013-01-22 | 2013-06-12 | 2013-07-26 | ||
| Loan Term (Months) | 12.0 months | 12.0 months | 12.0 months | ||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
| Total Cost of Credit | TZS 790,500 | TZS 1,001,300 | TZS 1,317,500 | ||
| True Price by Comp | |||||
| Interest price component | 41.3% | 41.0% | 41.0% | ||
| Fee Component | 2.0% | 2.0% | 2.0% | ||
| Insurance Component | 2.7% | 2.7% | 2.7% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 34.5% | 33.2% | 32.2% | ||
| Full APR (int fee ins tax dep) | 80.5% | 78.9% | 77.9% | ||
| Transparency Index | 27 | 28 | 28 | ||
| 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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