| Number borrowers | 17,182 |
| Loan Amount (range) | KES 5,000 - 300,000 |
| Loan Term (range) | 6 - 36 |
| Other Services (text summary) | Credit Educ, Credit Ins |
| Annual Interest & Method | 18.0%-20.0% annual, Flat |
| Fees | 2.00% upfront |
| Insurance | 2.00% upfront |
| Tax | None |
| Comp Dep | 10.0%-25.0% upfront 200.00 ongoing |
| Range of pricing | |
| Interest Price Component | 26.8% - 38.7% |
| Fee Component | 2.0% - 7.5% |
| Insurance Component | 2.1% - 7.7% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 61.6% - 91.2% |
| Transparency Index (min/max) | 13 - 51 |
| Transparency Index (average) | 23 |
| 521 |
| TZS 100,000 - 100,000,000 |
| 6 - 24 |
| Tech Asst Visits, Other Training |
| 21.60% annual, Flat |
| 2.00% upfront |
| 0.65% upfront |
| None |
| 15.00% upfront |
| 29.1% - 53.4% |
| 1.5% - 8.5% |
| 0.5% - 2.8% |
| 0 |
| 42.8% - 58.4% |
| 25 - 75 |
| 43 |
| Outstanding portfolio (KES) | KES 396,977,940 |
| Portfolio (USD) | USD 4,794,419.57 |
| Active Clients with Loans | 17,182 |
| 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 | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | |
| 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 | 6 |
| # Regions for this product | 6 |
| Regions Active | Central, Eastern, Nairobi, Nyanza, Rift Valley, Western |
| Outstanding portfolio (TZS) | TZS 1,100,000,000 |
| Portfolio (USD) | USD 691,823.90 |
| Active Clients with Loans | 521 |
| Approximate % Female Clients | 20% - 40% |
| Approximate % Urban Clients | 0% - 20% |
| 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 | |
| Group meetings | |
| Credit insurance | |
| Workplace visits | x |
| Business training | |
| Other training | x |
| 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 | 1 |
| # Regions for this product | 1 |
| Regions Active | Kilimanjaro |
| Currency | KES |
| Minimum loan size | KES 5,000 |
| Maximum loan size | 300,000 |
| Loans less than KES 50,000 | 80% |
| KES 50,000-150,000 | 20% |
| 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 | 36.0 months |
| Approx average | 9.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 15% |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 80% |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 5% |
| Grace period usage | 100% |
| Average grace period | 1.0 month |
| 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 100,000 |
| Maximum loan size | 100,000,000 |
| Loans less than TZS 350,000 | 15% |
| TZS 350,000-1,250,000 | 15% |
| TZS 1,250,000-2,000,000 | 15% |
| TZS 2,000,000-3,000,000 | 15% |
| TZS 3,000,000-4,000,000 | 15% |
| Greater than TZS 4,000,000 | 15% |
| 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 | 0 |
| Between 7 and 9 months | 20% |
| Between 10 and 12 months | 20% |
| Between 13 and 18 months | 30% |
| Longer than 18 months | 30% |
| 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 | 20.00% |
| Reason(s) why interest rate varies | Time as Client, Client Risk |
| 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 Processing Fee |
| % of loan amount - min | 2.00% |
| % of loan amount - max | 2.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | Yes |
| Ins 1 | |
|---|---|
| Description | Risk Management Fee |
| % of loan amount - min | 2.00% |
| % of loan amount - max | 2.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | Yes |
| Required for | All |
| Criteria | 10% for first cycle loans, 25% for multiple cycle loans. |
| Is deposit indicated on the repayment schedule? | No |
| Do borrowers control deposit in their group? | No |
| % loan amount deposited | 10.00% - 25.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | KES 200 |
| Conditions on access to deposit | End Term |
| Minimum interest rate paid | 0.50% |
| Maximum interest rate paid | 0.50% |
| Interest payment frequency | Annually |
| Are taxes charged on this product? | No |
| Lowest quoted nominal interest | 1.80% |
| Highest quoted nominal interest | 1.80% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Loan Facility / Set Up Fee |
| % of loan amount - min | 2.00% |
| % of loan amount - max | 2.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
| Ins 1 | |
|---|---|
| Description | Credit life Assurance |
| % of loan amount - min | 0.65% |
| % of loan amount - max | 0.65% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
| Required for | Some |
| Criteria | For those without frequent deposits |
| 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 | End Term |
| Minimum interest rate paid | 5.00% |
| Maximum interest rate paid | 5.00% |
| Interest payment frequency | Monthly |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | KES 10,000 | KES 25,000 | KES 45,000 | KES 90,000 | KES 180,000 | KES 300,000 | |||||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
| Disbursement Date | 2013-03-05 | 2013-06-05 | 2013-05-29 | 2013-05-17 | 2013-05-17 | 2013-05-27 | |||||
| Loan Term (Months) | 5.9 months | 12.0 months | 12.0 months | 12.0 months | 24.0 months | 24.0 months | |||||
| Grace Period (Months) | 0.7 months | 0.7 months | 0.7 months | 0.7 months | 0.7 months | 0.7 months | |||||
| Total Cost of Credit | KES 1,399.90 | KES 6,000 | KES 10,800 | KES 21,600 | KES 75,600 | KES 120,000 | |||||
| True Price by Comp | |||||||||||
| Interest price component | 34.3% | 35.4% | 35.4% | 35.4% | 33.0% | 31.5% | |||||
| Fee Component | 7.3% | 4.1% | 4.1% | 4.1% | 2.2% | 2.1% | |||||
| Insurance Component | 7.5% | 4.1% | 4.1% | 4.1% | 2.3% | 2.3% | |||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
| Deposit Component | 36.7% | 29.9% | 47.6% | 37.8% | 28.9% | 25.7% | |||||
| Full APR (int fee ins tax dep) | 85.8% | 73.5% | 91.2% | 81.4% | 66.4% | 61.6% | |||||
| Transparency Index | 21 | 24 | 20 | 22 | 27 | 29 | |||||
| Original Repayment Schedule | |||||||||||
| MFT Pricing Calculation |
| Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | TZS 300,000 | TZS 500,000 | TZS 1,500,000 | TZS 2,500,000 | TZS 5,000,000 | ||||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | 0 | ||||
| Disbursement Date | 2013-01-11 | 2013-02-26 | 2013-01-02 | 2013-03-13 | 2013-05-08 | ||||
| Loan Term (Months) | 5.8 months | 12.0 months | 24.0 months | 36.0 months | 18.0 months | ||||
| Grace Period (Months) | -0.2 months | -0.1 months | -0.3 months | -0.2 months | 0.0 months | ||||
| Total Cost of Credit | TZS 36,150 | TZS 108,250 | TZS 579,750 | TZS 1,416,250 | TZS 1,636,600 | ||||
| True Price by Comp | |||||||||
| Interest price component | 33.4% | 33.2% | 32.1% | 30.7% | 34.5% | ||||
| Fee Component | 7.7% | 4.0% | 2.3% | 1.5% | 2.8% | ||||
| Insurance Component | 2.5% | 1.3% | 0.7% | 0.5% | 0.9% | ||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Deposit Component | 14.8% | 13.1% | 11.6% | 10.1% | 12.5% | ||||
| Full APR (int fee ins tax dep) | 58.4% | 51.6% | 46.7% | 42.8% | 50.7% | ||||
| Transparency Index | 37 | 42 | 46 | 50 | 43 | ||||
| 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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