Number borrowers | 6,440 |
Loan Amount (range) | KES 3,000 - 1,500,000 |
Loan Term (range) | 3 - 24 |
Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training |
Annual Interest & Method | 20.0% annual, Flat |
Fees | 2.00% upfront 100.00-1,000.00 upfront |
Insurance | 2.00% upfront |
Tax | None |
Comp Dep | 15.0%-20.0% upfront 400.00 ongoing |
Range of pricing | |
Interest Price Component | 25.3% - 51.1% |
Fee Component | 0 - 10.2% |
Insurance Component | 0 - 9.6% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 59.1% - 79.9% |
Transparency Index (min/max) | 25 - 163 |
Transparency Index (average) | 31 |
58 |
TZS 1,000,000 - 45,000,000 |
3 - 18 |
Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training |
10.00%-24.00% annual, Flat |
3 fees |
1.00% upfront |
None |
N/A |
10.1% - 75.8% |
3.8% - 19.1% |
1.2% - 5.6% |
0 |
61.2% - 77.0% |
4 - 48 |
15 |
Outstanding portfolio (KES) | KES 287,453,156.50 |
Portfolio (USD) | USD 3,471,656.48 |
Active Clients with Loans | 6,440 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 20% - 40% |
Individual | |
Solidarity group | x |
Village banking | x |
Self help group | |
Other |
Any purpose | x |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | x |
Workplace visits | x |
Business training | x |
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 | Must be known by the other members |
Other (2) |
# Regions for this institution | 5 |
# Regions for this product | 5 |
Regions Active | Central, Coast, Eastern, Nairobi, Rift Valley |
Outstanding portfolio (TZS) | TZS 1,755,687,167 |
Portfolio (USD) | USD 1,104,205.77 |
Active Clients with Loans | 58 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 60% - 80% |
Individual | |
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 | x |
Credit insurance | x |
Workplace visits | x |
Business training | x |
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 | 1 |
# Regions for this product | 1 |
Regions Active | Ruvuma |
Currency | KES |
Minimum loan size | KES 3,000 |
Maximum loan size | 1,500,000 |
Loans less than KES 50,000 | 30% |
KES 50,000-150,000 | 30% |
KES 150,000-250,000 | 10% |
KES 250,000-350,000 | 10% |
KES 350,000-450,000 | 10% |
Greater than KES 450,000 | 10% |
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 | 30% |
Between 7 and 9 months | 10% |
Between 10 and 12 months | 50% |
Between 13 and 18 months | 5% |
Longer than 18 months | 5% |
Grace period usage | 100% |
Average grace period | 0.3 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 |
Currency | TZS |
Minimum loan size | TZS 1,000,000 |
Maximum loan size | 45,000,000 |
Loans less than TZS 350,000 | 0 |
TZS 350,000-1,250,000 | 15% |
TZS 1,250,000-2,000,000 | 15% |
TZS 2,000,000-3,000,000 | 10% |
TZS 3,000,000-4,000,000 | 20% |
Greater than TZS 4,000,000 | 20% |
Shortest loan term | 3.0 months |
Longest loan term | 18.0 months |
Approx average | 9.0 months |
Loans 3 months or less | 30% |
Between 4 and 6 months | 40% |
Between 7 and 9 months | 15% |
Between 10 and 12 months | 5% |
Between 13 and 18 months | 10% |
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 | 1.67% |
Highest quoted nominal interest | 1.67% |
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 | Administration Fee | Disbursement Fee | |
% of loan amount - min | 2.00% | 0 | |
% of loan amount - max | 2.00% | 0 | |
OR, Fixed amount - min | 0 | 100 | |
Fixed amount - max | 0 | 1,000 | |
Reason for variation | N/A | Varies based on the method of dibursement. | |
Appears on Repayment Sched? | No | No |
Ins 1 | |
---|---|
Description | Insurance 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 |
Required for | All |
Criteria | Upfront continuing depsoit required on all loans, 15%-20% range. Continuing deposit requirement required on all loans - 400 KES per month. |
Is deposit indicated on the repayment schedule? | No |
Do borrowers control deposit in their group? | No |
% loan amount deposited | 15.00% - 20.00% |
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 | N/A |
Maximum interest rate paid | N/A |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
Lowest quoted nominal interest | 10.00% |
Highest quoted nominal interest | 24.00% |
Reason(s) why interest rate varies | Loan Purpose |
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 | Loan Application Fee | Legal Set Up Fee | |
% of loan amount - min | 1.00% | 1.00% | |
% of loan amount - max | 1.00% | 1.00% | |
OR, Fixed amount - min | 0 | 0 | |
Fixed amount - max | 0 | 0 | |
Reason for variation | N/A | N/A | |
Appears on Repayment Sched? | No | Yes |
Fee 1 | |
---|---|
Description | Monthly Monitoring Fee |
% of loan amount - min | 0.17% |
% of loan amount - max | 0.17% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Percentage of disbursed amount charged per month which is equivalent to 2% per annum. |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Loan Insurance |
% 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? | No |
Required for | Never |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | N/A |
Do borrowers control deposit in their group? | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
Conditions on access to deposit | N/A |
Minimum interest rate paid | N/A |
Maximum interest rate paid | N/A |
Interest payment frequency | N/A |
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 30,000 | KES 50,000 | KES 100,128.48 | KES 300,000 | KES 500,000 | |||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
Disbursement Date | 2013-08-14 | 2013-08-12 | 2013-07-29 | 2013-04-25 | 2013-04-26 | 2013-07-11 | |||||
Loan Term (Months) | 6.0 months | 12.0 months | 9.0 months | 12.0 months | 19.0 months | 12.0 months | |||||
Grace Period (Months) | 0.2 months | 0.3 months | 0.3 months | 0.3 months | 0.3 months | 0.2 months | |||||
Total Cost of Credit | KES 1,560.55 | KES 7,376.44 | KES 9,783 | KES 24,386.01 | KES 103,445.15 | KES 123,939.53 | |||||
True Price by Comp | |||||||||||
Interest price component | 32.8% | 33.6% | 33.2% | 33.6% | 34.2% | 34.7% | |||||
Fee Component | 10.1% | 4.4% | 5.3% | 4.0% | 2.8% | 3.9% | |||||
Insurance Component | 6.9% | 4.0% | 4.9% | 3.9% | 2.8% | 3.9% | |||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Deposit Component | 30.1% | 21.6% | 17.4% | 22.2% | 19.3% | 20.5% | |||||
Full APR (int fee ins tax dep) | 79.9% | 63.6% | 60.8% | 63.7% | 59.1% | 63.0% | |||||
Transparency Index | 25 | 32 | 33 | 31 | 34 | 32 | |||||
Original Repayment Schedule | |||||||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | TZS 1,000,000 | TZS 2,000,000 | TZS 3,000,000 | TZS 4,000,000 | TZS 5,000,000 | ||||
Loan Cycle (1, 2, 3, etc) | 1 | 1 | 1 | 1 | 1 | ||||
Disbursement Date | 2013-04-10 | 2013-02-23 | 2013-02-08 | 2013-04-02 | 2013-02-15 | ||||
Loan Term (Months) | 5.0 months | 11.0 months | 11.0 months | 11.0 months | 11.0 months | ||||
Grace Period (Months) | -1.0 months | -1.0 months | -1.0 months | -1.0 months | -1.0 months | ||||
Total Cost of Credit | TZS 160,000 | TZS 580,000 | TZS 870,000 | TZS 1,160,000 | TZS 1,450,000 | ||||
True Price by Comp | |||||||||
Interest price component | 56.6% | 49.8% | 49.8% | 50.1% | 49.8% | ||||
Fee Component | 15.1% | 8.9% | 8.8% | 8.9% | 8.8% | ||||
Insurance Component | 5.3% | 2.5% | 2.6% | 2.6% | 2.6% | ||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Full APR (int fee ins tax dep) | 77.0% | 61.2% | 61.2% | 61.6% | 61.2% | ||||
Transparency Index | 13 | 16 | 16 | 16 | 16 | ||||
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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