Number borrowers | 3,642 |
Loan Amount (range) | KES 10,000 - 200,000 |
Loan Term (range) | 6 - 18 |
Other Services (text summary) | Credit Educ, Group Mtgs, Tech Asst Visits, Business Training, Other Training, Leadership, Women empowerment |
Annual Interest & Method | 18.0%-22.0% annual, Flat |
Fees | 1.00%-1.50% upfront upfront |
Insurance | 1.25% upfront |
Tax | None |
Comp Dep | 10.0%-20.0% upfront 50.00-0.00 ongoing |
Range of pricing | |
Interest Price Component | 34.5% - 38.0% |
Fee Component | 1.4% - 7.7% |
Insurance Component | 1.2% - 4.6% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 52.7% - 55.7% |
Transparency Index (min/max) | 20 - 43 |
Transparency Index (average) | 33 |
2,331 |
TZS 1,200,000 - 14,000,000 |
6 - 12 |
Credit Educ, Group Mtgs, Credit Ins |
25.0%-26.0% annual, Flat |
1.00% upfront 2,000.00 upfront |
None |
None |
10.0% upfront |
42.4% - 62.8% |
2.1% - 5.3% |
0 |
0 |
52.9% - 53.7% |
39 - 47 |
47 |
Outstanding portfolio (KES) | KES 86,912,145 |
Portfolio (USD) | USD 1,049,663.59 |
Active Clients with Loans | 3,642 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 0% - 20% |
Individual | x |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | |
Mortgage/housing | |
Consumer loan | x |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | |
Workplace visits | x |
Business training | x |
Other training | x |
Other | Leadership |
Other (2) | Women empowerment |
No other services |
Men | |
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 | 8 |
# Regions for this product | 8 |
Regions Active | Central, Coast, Eastern, Nairobi, North Eastern, Nyanza, Rift Valley, Western |
Outstanding portfolio (TZS) | TZS 4,567,592,326 |
Portfolio (USD) | USD 2,872,699.58 |
Active Clients with Loans | 2,331 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 40% - 60% |
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 | x |
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 | x |
Must be a salaried worker | |
Must be specific age group | x |
Other | 20 - 50 years old |
Other (2) |
# Regions for this institution | 18 |
# Regions for this product | 11 |
Regions Active | Arusha, Dar es Salaam, Dodoma, KilimanjaroMbeya, Morogoro, Mwanza, Tanga, Zanzibar Central/South, Zanzibar North, Zanzibar Urban/West |
Currency | KES |
Minimum loan size | KES 10,000 |
Maximum loan size | 200,000 |
Loans less than KES 50,000 | 30% |
KES 50,000-150,000 | 50% |
KES 150,000-250,000 | 20% |
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 | 18.0 months |
Approx average | 12.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 15% |
Between 7 and 9 months | 20% |
Between 10 and 12 months | 50% |
Between 13 and 18 months | 15% |
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 |
Currency | TZS |
Minimum loan size | TZS 1,200,000 |
Maximum loan size | 14,000,000 |
Loans less than TZS 350,000 | 0 |
TZS 350,000-1,250,000 | 10% |
TZS 1,250,000-2,000,000 | 10% |
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 | 12.0 months |
Approx average | 12.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 10% |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 90% |
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 | 1.50% |
Highest quoted nominal interest | 1.83% |
Reason(s) why interest rate varies | Loan Size |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Loan Processing Fee | Chattels Fee | |
% of loan amount - min | 1.00% | 0 | |
% of loan amount - max | 1.50% | 0 | |
OR, Fixed amount - min | 0 | 0 | |
Fixed amount - max | 0 | 1,500 | |
Reason for variation | Loans below 100,000 KES = 1.5% with 250 KES minimum. Loans 100,000 KES and above = 1% | Charged only on loans KES 100,000 and above. | |
Appears on Repayment Sched? | No | No |
Ins 1 | |
---|---|
Description | Risk Management Fee |
% of loan amount - min | 1.25% |
% of loan amount - max | 1.25% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Required for | All |
Criteria | Individual loans = 10% upfront & 1% ongoing. Group Loans < KES 100,000 = 10% upfront & > KES 100,000 = 20% upfront. Loans > KES 45,000 = KES 400 ongoing, < KES 45,000 loans = KES 50 ongoing. |
Is deposit indicated on the repayment schedule? | No |
Do borrowers control deposit in their group? | No |
% loan amount deposited | 10.00% - 20.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 - 1.00% |
or, Fixed-amount deposited | KES 50 - 0 |
Conditions on access to deposit | When Leaving |
Minimum interest rate paid | 2.00% |
Maximum interest rate paid | 6.00% |
Interest payment frequency | End Term |
Are taxes charged on this product? | No |
Lowest quoted nominal interest | 25.00% |
Highest quoted nominal interest | 26.00% |
Reason(s) why interest rate varies | Time as Client, 13% for 6 month and 25% for 12 month loan |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Appraisal Fee | Application Fee | |
% of loan amount - min | 1.00% | 0 | |
% of loan amount - max | 1.00% | 0 | |
OR, Fixed amount - min | 0 | 2,000 | |
Fixed amount - max | 0 | 2,000 | |
Reason for variation | N/A | N/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 | 10.00% |
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 |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | KES 20,000 | KES 20,000 | KES 51,925 | KES 95,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2013-05-07 | 2013-05-09 | 2013-06-20 | 2013-06-19 | |||
Loan Term (Months) | 12.0 months | 12.0 months | 12.0 months | 12.0 months | |||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||
Total Cost of Credit | KES 4,950.04 | KES 4,950.04 | KES 12,851.46 | KES 23,512.54 | |||
True Price by Comp | |||||||
Interest price component | 37.6% | 37.6% | 37.8% | 37.8% | |||
Fee Component | 3.0% | 3.0% | 2.9% | 2.9% | |||
Insurance Component | 2.5% | 2.5% | 2.5% | 2.5% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 9.6% | 9.6% | 12.5% | 10.6% | |||
Full APR (int fee ins tax dep) | 52.7% | 52.7% | 55.7% | 53.8% | |||
Transparency Index | 34 | 34 | 32 | 33 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | TZS 1,500,000 | TZS 3,000,000 | TZS 3,500,000 | TZS 5,000,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2013-04-08 | 2013-02-15 | 2013-06-14 | 2013-03-12 | |||
Loan Term (Months) | 12.0 months | 12.0 months | 12.0 months | 12.0 months | |||
Grace Period (Months) | 0.0 months | -0.1 months | 0.0 months | 0.0 months | |||
Total Cost of Credit | TZS 392,600 | TZS 782,000 | TZS 912,200 | TZS 1,302,800 | |||
True Price by Comp | |||||||
Interest price component | 42.6% | 42.9% | 42.6% | 42.4% | |||
Fee Component | 2.3% | 2.2% | 2.1% | 2.1% | |||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 8.5% | 8.6% | 8.5% | 8.4% | |||
Full APR (int fee ins tax dep) | 53.4% | 53.7% | 53.2% | 52.9% | |||
Transparency Index | 47 | 47 | 47 | 47 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
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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