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 |
2,162 |
TZS 100,000 - 9,000,000 |
1 - 36 |
Credit Educ, Other Training |
10.00%-18.00% annual, Flat |
2.00% upfront |
0.65% upfront |
None |
N/A |
29.1% - 53.4% |
1.5% - 8.5% |
0.5% - 2.8% |
0 |
35.3% - 39.3% |
25 - 75 |
26 |
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 2,001,679,454 |
Portfolio (USD) | USD 1,258,917.90 |
Active Clients with Loans | 2,162 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 60% - 80% |
Individual | x |
Solidarity group | |
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 | |
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 | x |
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 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 100,000 |
Maximum loan size | 9,000,000 |
Loans less than TZS 350,000 | 5% |
TZS 350,000-1,250,000 | 10% |
TZS 1,250,000-2,000,000 | 10% |
TZS 2,000,000-3,000,000 | 30% |
TZS 3,000,000-4,000,000 | 30% |
Greater than TZS 4,000,000 | 30% |
Shortest loan term | 1.0 month |
Longest loan term | 36.0 months |
Approx average | 24.0 months |
Loans 3 months or less | 5% |
Between 4 and 6 months | 5% |
Between 7 and 9 months | 5% |
Between 10 and 12 months | 15% |
Between 13 and 18 months | 30% |
Longer than 18 months | 40% |
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 | 1.83% |
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 | 10.00% |
Highest quoted nominal interest | 18.00% |
Reason(s) why interest rate varies | Time as Client |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | No |
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? | Yes |
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? | Yes |
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 | |||
---|---|---|---|---|---|
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 3 | Sample 4 | Sample 5 | Sample 6 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | TZS 500,000 | TZS 1,000,000 | TZS 2,700,000 | TZS 5,000,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2013-01-04 | 2013-01-02 | 2013-03-25 | 2013-01-04 | |||
Loan Term (Months) | 12.0 months | 12.0 months | 18.0 months | 12.0 months | |||
Grace Period (Months) | -0.4 months | -0.3 months | -0.1 months | 0.0 months | |||
Total Cost of Credit | TZS 103,250 | TZS 206,500 | TZS 800,550 | TZS 1,082,500 | |||
True Price by Comp | |||||||
Interest price component | 33.6% | 33.3% | 31.6% | 33.1% | |||
Fee Component | 4.3% | 4.2% | 2.8% | 4.0% | |||
Insurance Component | 1.4% | 1.4% | 0.9% | 1.3% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Full APR (int fee ins tax dep) | 39.3% | 38.9% | 35.3% | 38.4% | |||
Transparency Index | 25 | 26 | 28 | 26 | |||
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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