| Number borrowers | 363 |
| Loan Amount (range) | KES 6,192 - 63,184 |
| Loan Term (range) | 3 - 12 |
| Other Services (text summary) | Credit Educ, Other Training |
| Annual Interest & Method | 22.0% annual, Flat |
| Fees | None |
| Insurance | 2.00% upfront |
| Tax | None |
| Comp Dep | 10.0%-20.0% upfront |
| 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) | 49.8% - 52.0% |
| Transparency Index (min/max) | 25 - 163 |
| Transparency Index (average) | 43 |
| 5,882 |
| TZS 50,000 - 15,000,000 |
| 3 - 8 |
| Credit Educ, Group Mtgs, Credit Ins, Other Training |
| 48.00%-96.00% annual, Flat |
| 2.00% upfront |
| 1.50% upfront |
| None |
| 25.00% upfront |
| 54.0% - 93.9% |
| 4.2% - 17.1% |
| 3.1% - 13.1% |
| 0 |
| 101.3% - 293.3% |
| 16 - 47 |
| 29 |
| Outstanding portfolio (KES) | KES 4,978,829.61 |
| Portfolio (USD) | USD 60,130.79 |
| Active Clients with Loans | 363 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | This loan is for the purchase of water tanks only |
| Other (2) |
| Credit education | x |
| Group meetings | |
| Credit insurance | |
| Workplace visits | |
| Business training | |
| Other training | x |
| 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 | 5 |
| # Regions for this product | 5 |
| Regions Active | Central, Coast, Eastern, Nairobi, Rift Valley |
| Outstanding portfolio (TZS) | TZS 782,975,645 |
| Portfolio (USD) | USD 492,437.51 |
| Active Clients with Loans | 5,882 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 20% - 40% |
| 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 | |
| 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 | 18 and above |
| Other (2) |
| # Regions for this institution | 2 |
| # Regions for this product | 2 |
| Regions Active | Dar es Salaam, Pwani |
| Currency | KES |
| Minimum loan size | KES 6,192 |
| Maximum loan size | 63,184 |
| Loans less than KES 50,000 | 30% |
| KES 50,000-150,000 | 70% |
| 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 | 3.0 months |
| Longest loan term | 12.0 months |
| Approx average | 9.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 5% |
| Between 7 and 9 months | 15% |
| Between 10 and 12 months | 80% |
| 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 |
| Currency | TZS |
| Minimum loan size | TZS 50,000 |
| Maximum loan size | 15,000,000 |
| Loans less than TZS 350,000 | 40% |
| TZS 350,000-1,250,000 | 20% |
| TZS 1,250,000-2,000,000 | 15% |
| TZS 2,000,000-3,000,000 | 10% |
| TZS 3,000,000-4,000,000 | 5% |
| Greater than TZS 4,000,000 | 5% |
| Shortest loan term | 3.0 months |
| Longest loan term | 8.0 months |
| Approx average | 6.0 months |
| Loans 3 months or less | 20% |
| Between 4 and 6 months | 40% |
| Between 7 and 9 months | 40% |
| Between 10 and 12 months | 0 |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | x |
| 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 | 1.83% |
| Highest quoted nominal interest | 1.83% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| 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 | 10% upfront deposit requirement on individual loans, 20% upfront deposit requirement on group loans. |
| 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 | N/A |
| % loan amount deposited | N/A |
| or, Fixed-amount deposited | N/A |
| 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 | 4.00% |
| Highest quoted nominal interest | 8.00% |
| Reason(s) why interest rate varies | Branch, Time as Client, Loan Size, Client Risk, Loan term |
| 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 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? | No |
| Ins 1 | |
|---|---|
| Description | Credit Insurance |
| % of loan amount - min | 1.50% |
| % of loan amount - max | 1.50% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | Yes |
| 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 2,000 |
| 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 | |||
|---|---|---|---|---|---|
| Loan Amount | KES 8,048 | KES 26,912 | KES 53,824 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2013-07-31 | 2013-06-04 | 2013-04-04 | ||
| Loan Term (Months) | 12.0 months | 9.0 months | 12.0 months | ||
| Grace Period (Months) | 0.1 months | 0.0 months | 0.0 months | ||
| Total Cost of Credit | KES 1,960.55 | KES 5,097.66 | KES 13,111.86 | ||
| True Price by Comp | |||||
| Interest price component | 37.9% | 38.4% | 38.5% | ||
| Fee Component | 0.0% | 0.0% | 0.0% | ||
| Insurance Component | 3.9% | 5.1% | 3.9% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 8.0% | 8.5% | 8.3% | ||
| Full APR (int fee ins tax dep) | 49.8% | 52.0% | 50.7% | ||
| Transparency Index | 44 | 42 | 43 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Sample 1 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | TZS 100,000 | TZS 500,000 | TZS 1,000,000 | TZS 3,000,000 | TZS 5,000,000 | ||||
| Loan Cycle (1, 2, 3, etc) | 2 | 4 | 5 | 7 | 8 | ||||
| Disbursement Date | 2013-01-04 | 2013-02-08 | 2013-02-12 | 2013-01-22 | 2013-03-15 | ||||
| Loan Term (Months) | 2.8 months | 7.0 months | 12.0 months | 8.0 months | 7.0 months | ||||
| Grace Period (Months) | 0.0 months | 0.0 months | -0.1 months | 0.0 months | 0.0 months | ||||
| Total Cost of Credit | TZS 15,500.49 | TZS 137,502.63 | TZS 355,000 | TZS 887,160 | TZS 1,375,026.30 | ||||
| True Price by Comp | |||||||||
| Interest price component | 93.9% | 70.5% | 54.0% | 64.5% | 70.5% | ||||
| Fee Component | 17.1% | 6.9% | 4.2% | 5.8% | 6.9% | ||||
| Insurance Component | 13.1% | 5.3% | 3.1% | 4.5% | 5.3% | ||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Deposit Component | 169.2% | 78.7% | 40.0% | 46.1% | 59.5% | ||||
| Full APR (int fee ins tax dep) | 293.3% | 161.4% | 101.3% | 120.9% | 142.2% | ||||
| Transparency Index | 16 | 30 | 47 | 40 | 34 | ||||
| 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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