Number borrowers | 1,392 |
Loan Amount (range) | KES 1 - 300,000 |
Loan Term (range) | 3 - 24 |
Other Services (text summary) | Credit Educ, Credit Ins |
Annual Interest & Method | 22.0% annual, Flat |
Fees | 100.00-1,000.00 upfront 3.00% ongoing |
Insurance | 2.00% ongoing |
Tax | None |
Comp Dep | N/A |
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) | 43.7% - 49.1% |
Transparency Index (min/max) | 25 - 163 |
Transparency Index (average) | 48 |
271 |
TZS 500,000 - 5,000,000 |
12 |
Business Training |
30.00% annual, Decl Bal |
2.00% upfront |
0.65% upfront |
None |
15.00% upfront |
29.1% - 53.4% |
1.5% - 8.5% |
0.5% - 2.8% |
0 |
40.1% |
25 - 75 |
74 |
Outstanding portfolio (KES) | KES 75,652,537.91 |
Portfolio (USD) | USD 913,677.99 |
Active Clients with Loans | 1,392 |
Approximate % Female Clients | 0% - 20% |
Approximate % Urban Clients | 20% - 40% |
Individual | x |
Solidarity group | |
Village banking | |
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 | |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | |
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 | 5 |
# Regions for this product | 5 |
Regions Active | Central, Coast, Eastern, Nairobi, Rift Valley |
Outstanding portfolio (TZS) | TZS 387,620,453 |
Portfolio (USD) | USD 243,786.45 |
Active Clients with Loans | 271 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 0% - 20% |
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 | |
Group meetings | |
Credit insurance | |
Workplace visits | |
Business training | x |
Other training | |
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 | 1 |
# Regions for this product | 1 |
Regions Active | Kilimanjaro |
Currency | KES |
Minimum loan size | KES 1 |
Maximum loan size | 300,000 |
Loans less than KES 50,000 | 20% |
KES 50,000-150,000 | 30% |
KES 150,000-250,000 | 30% |
KES 250,000-350,000 | 20% |
KES 350,000-450,000 | 0 |
Greater than KES 450,000 | 0 |
Shortest loan term | 3.0 months |
Longest loan term | 24.0 months |
Approx average | 12.0 months |
Loans 3 months or less | 5% |
Between 4 and 6 months | 5% |
Between 7 and 9 months | 5% |
Between 10 and 12 months | 50% |
Between 13 and 18 months | 15% |
Longer than 18 months | 20% |
Grace period usage | 100% |
Average grace period | 0.7 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 500,000 |
Maximum loan size | 5,000,000 |
Loans less than TZS 350,000 | 0 |
TZS 350,000-1,250,000 | 20% |
TZS 1,250,000-2,000,000 | 20% |
TZS 2,000,000-3,000,000 | 20% |
TZS 3,000,000-4,000,000 | 20% |
Greater than TZS 4,000,000 | 20% |
Shortest loan term | 12.0 months |
Longest loan term | 12.0 months |
Approx average | 12.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 100% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 100% |
Average grace period | 3.0 months |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | x |
Every 6 months | x |
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 |
Fee 1 | |
---|---|
Description | Disbursement Fee |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 100 |
Fixed amount - max | 1,000 |
Reason for variation | Varies based on method of loan disbursement. |
Appears on Repayment Sched? | No |
Fee 1 | |
---|---|
Description | Admnistration Fee |
% of loan amount - min | 3.00% |
% of loan amount - max | 3.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | 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 | 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 |
Lowest quoted nominal interest | 2.50% |
Highest quoted nominal interest | 2.50% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
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? | No |
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? | No |
Required for | Some |
Criteria | For those withought frequent deposits |
Is deposit indicated on the repayment schedule? | No |
Do borrowers control deposit in their group? | No |
% loan amount deposited | 15.00% |
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 | 5.00% |
Maximum interest rate paid | 5.00% |
Interest payment frequency | Monthly |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | KES 9,256.83 | KES 28,034.77 | KES 49,845.90 | KES 88,031.25 | KES 200,501.50 | KES 301,634.80 | |||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
Disbursement Date | 2013-05-31 | 2013-08-26 | 2013-07-16 | 2013-06-21 | 2013-05-31 | 2013-07-31 | |||||
Loan Term (Months) | 12.0 months | 19.0 months | 13.0 months | 19.0 months | 19.0 months | 19.0 months | |||||
Grace Period (Months) | 0.5 months | 0.7 months | 1.1 months | 0.8 months | 0.5 months | 0.6 months | |||||
Total Cost of Credit | KES 2,664.26 | KES 11,928.16 | KES 15,945.37 | KES 37,892.99 | KES 83,583.57 | KES 125,656.21 | |||||
True Price by Comp | |||||||||||
Interest price component | 39.1% | 39.0% | 38.9% | 39.0% | 39.1% | 39.1% | |||||
Fee Component | 6.9% | 3.3% | 4.3% | 2.9% | 3.0% | 2.9% | |||||
Insurance Component | 3.1% | 1.9% | 2.6% | 1.8% | 1.8% | 1.9% | |||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Full APR (int fee ins tax dep) | 49.1% | 44.2% | 45.8% | 43.7% | 43.9% | 43.9% | |||||
Transparency Index | 45 | 50 | 48 | 50 | 50 | 50 | |||||
Original Repayment Schedule | |||||||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 4 | |||
---|---|---|---|---|---|
Loan Amount | TZS 700,000 | TZS 1,000,000 | TZS 3,000,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-01-11 | 2013-01-22 | 2013-01-15 | ||
Loan Term (Months) | 12.0 months | 12.0 months | 12.0 months | ||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
Total Cost of Credit | TZS 186,550 | TZS 266,500 | TZS 799,500 | ||
True Price by Comp | |||||
Interest price component | 29.1% | 29.1% | 29.1% | ||
Fee Component | 2.8% | 2.8% | 2.8% | ||
Insurance Component | 0.9% | 0.9% | 0.9% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 7.3% | 7.3% | 7.3% | ||
Full APR (int fee ins tax dep) | 40.1% | 40.1% | 40.1% | ||
Transparency Index | 75 | 75 | 75 | ||
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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