2. KWFT DTM
Please note that the information you are viewing is 141 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. PRIDE Tanzania
Please note that the information you are viewing is 135 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Kenya Women Finance Trust Deposit Taking Microfinance Ltd P.O. Box 4179 - 00506Kiambere Road, Upper HillNairobi
Data approved: 2013-06-24
Data version: 2
Age of data: 141 months
Choose version

Institution

Promotion of Rural Initiative and Development Enterprises (PRIDE) Tanzania Ltd PRIDE Head OfficeArusha, TanzaniaPO Box 13900
Data approved: 2013-07-16
Data version: 1
Age of data: 135 months

Product

Elimu Loan Product 3 of 6 « Prev | Next »

Product

Premium Group Product 2 of 3 « Prev | Next »

Product Summary

Number borrowers13,496
Loan Amount (range)KES 5,000 - 200,000
Loan Term (range)6 - 12
Other Services (text summary)Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training
Annual Interest & Method20.0%-22.0% annual, Flat
Fees1.00%-1.50% upfront upfront
Insurance1.25% upfront
TaxNone
Comp Dep10.0%-20.0% upfront 50.00-0.00 ongoing
Range of pricing 
Interest Price Component34.5% - 38.0%
Fee Component1.4% - 7.7%
Insurance Component1.2% - 4.6%
Tax Component Range0
Full APR (int fee ins tax dep)52.7% - 61.3%
Transparency Index (min/max)20 - 43
Transparency Index (average)35

Product Summary

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

Product Details

Key Statistics
Outstanding portfolio (KES)KES 508,296,058
Portfolio (USD)USD 6,138,841.28
Active Clients with Loans13,496
Approximate % Female Clients80% - 100%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity groupx
Village banking
Self help group
Other
Description
School fees for both clients, spouses and dependents. Available to all existing clients in Products 1, 2 and 3. Cheque payable directly to the learning institution.
Loan Purpose
Any purpose
Income generation
Mortgage/housing
Consumer loan
Agriculture
Educationx
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visitsx
Business trainingx
Other training
Other
Other (2)
No other services
Eligibility
Men
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
OtherEvidence of school admission/attendance
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution8
# Regions for this product8
Regions ActiveCentral, Coast, Eastern, Nairobi, North Eastern, Nyanza, Rift Valley, Western

Product Details

Key Statistics
Outstanding portfolio (TZS)TZS 8,761,921,729
Portfolio (USD)USD 5,510,642.60
Active Clients with Loans2,439
Approximate % Female Clients60% - 80%
Approximate % Urban Clients80% - 100%
Methodology
Individualx
Solidarity groupx
Village banking
Self help group
Other
Description
Premium Goupr produc is designed to provide loans to a smaller number of members in a group ranging from 3-5 clients. The client provide some form of collectoral.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetingsx
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution20
# Regions for this product26
Regions ActiveArusha, 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

Loan Conditions

Loan Amount
CurrencyKES
Minimum loan sizeKES 5,000
Maximum loan size200,000
Distribution at Disbursement (Est.)
Loans less than KES 50,00060%
KES 50,000-150,00040%
KES 150,000-250,0000
KES 250,000-350,0000
KES 350,000-450,0000
Greater than KES 450,0000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term12.0 months
Approx average12.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months20%
Between 7 and 9 months30%
Between 10 and 12 months50%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyTZS
Minimum loan sizeTZS 3,000,000
Maximum loan size35,000,000
Distribution at Disbursement (Est.)
Loans less than TZS 350,0000
TZS 350,000-1,250,0000
TZS 1,250,000-2,000,0000
TZS 2,000,000-3,000,0000
TZS 3,000,000-4,000,00040%
Greater than TZS 4,000,00040%
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term24.0 months
Approx averageDK
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months20%
Between 13 and 18 months30%
Longer than 18 months50%
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest1.67%
Highest quoted nominal interest1.83%
Reason(s) why interest rate variesLoan Size
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionLoan Processing FeeChattels Fee
% of loan amount - min1.00%0
% of loan amount - max1.50%0
OR, Fixed amount - min00
Fixed amount - max01,500
Reason for variationLoans 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?NoNo
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionRisk Management Fee
% of loan amount - min1.25%
% of loan amount - max1.25%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaIndividual 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
Deposit BEFORE or AT Disbursement
% loan amount deposited10.00% - 20.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0 - 1.00%
or, Fixed-amount depositedKES 50 - 0
Conditions on access to depositWhen Leaving
Interest Paid on Deposit
Minimum interest rate paid2.00%
Maximum interest rate paid6.00%
Interest payment frequencyEnd Term
Taxes
Are taxes charged on this product?No

Pricing Information

Interest
Lowest quoted nominal interest22.00%
Highest quoted nominal interest24.00%
Reason(s) why interest rate variesLoan Size, Loans < 5M pay 24% and loans > 5M pay 22%.
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionApplication Fee
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionLoan Insurance
% of loan amount - min1.35%
% of loan amount - max1.35%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaInterest on deposit is paid every six months.
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?No
Deposit BEFORE or AT Disbursement
% loan amount deposited25.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount depositedTZS 13,000
Conditions on access to depositWhen Leaving
Interest Paid on Deposit
Minimum interest rate paid3.00%
Maximum interest rate paid5.00%
Interest payment frequencyEnd Term
Taxes
Are taxes charged on this product?No

Full Pricing Data

Elimu Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountKES 11,520KES 23,000KES 50,000KES 90,000KES 200,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2013-06-032013-04-022013-03-182013-03-122013-05-21
Loan Term (Months)6.0 months12.0 months12.0 months12.0 months12.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditKES 1,664.68KES 5,692.54KES 12,375.04KES 22,275KES 46,196.48
True Price by Comp         
Interest price component36.2%37.7%37.6%37.6%34.6%
Fee Component7.7%3.0%3.0%3.0%3.4%
Insurance Component4.6%2.5%2.5%2.5%2.5%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component10.5%9.5%12.5%10.6%20.8%
Full APR (int fee ins tax dep)59.0%52.7%55.6%53.7%61.3%
Transparency Index3438363733
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF

Full Pricing Data

Premium Group samples
Sample 1Sample 2Sample 3
Loan AmountTZS 3,000,000TZS 3,800,000TZS 5,000,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2013-01-222013-06-122013-07-26
Loan Term (Months)12.0 months12.0 months12.0 months
Grace Period (Months)0.0 months0.0 months0.0 months
Total Cost of CreditTZS 790,500TZS 1,001,300TZS 1,317,500
True Price by Comp     
Interest price component41.3%41.0%41.0%
Fee Component2.0%2.0%2.0%
Insurance Component2.7%2.7%2.7%
Tax Component0.0%0.0%0.0%
Deposit Component34.5%33.2%32.2%
Full APR (int fee ins tax dep)80.5%78.9%77.9%
Transparency Index272828
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
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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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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