2. Opportunity Kenya
Please note that the information you are viewing is 145 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. Tujijenge Tanzania
Please note that the information you are viewing is 139 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Opportunity Kenya Limited Geomaps Center, 1st Floor, Matumbato Road, Upper HillP.O. Box 19497Nairobi
Data approved: 2013-05-31
Data version: 2
Age of data: 145 months
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Institution

Tujijenge Tanzania Limited Head OfficeDar Es SalaamPO Box 22320
Data approved: 2013-05-30
Data version: 2
Age of data: 139 months
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Product

Nguzo Loan Product 2 of 5 « Prev | Next »

Product

Group Flexible Loan Product 1 of 4 « Prev | Next »

Product Summary

Number borrowers219
Loan Amount (range)KES 50,000 - 500,000
Loan Term (range)6 - 36
Other Services (text summary)Credit Educ, Group Mtgs, Credit Ins, Other Training, Fire/Burglary Insurance
Annual Interest & Method22.0% annual, Flat
Fees1,000.00-0.00 upfront 1,300.00 upfront
Insurance1.60%-3.00% upfront
TaxNone
Comp Dep25.0% upfront 200.00 ongoing
Range of pricing 
Interest Price Component29.8% - 41.0%
Fee Component2.6% - 20.5%
Insurance Component1.8% - 6.9%
Tax Component Range0
Full APR (int fee ins tax dep)67.5% - 112.5%
Transparency Index (min/max)16 - 36
Transparency Index (average)27

Product Summary

2,648
TZS 50,000 - 4,000,000
3 - 12
Credit Educ, Group Mtgs, Credit Ins
48.00% annual, Flat
None
None
None
20.00% upfront
 
54.3% - 93.0%
0 - 37.2%
0
0
91.0% - 138.1%
35 - 55
38

Product Details

Key Statistics
Outstanding portfolio (KES)KES 15,968,913.11
Portfolio (USD)USD 192,861.27
Active Clients with Loans219
Approximate % Female Clients40% - 60%
Approximate % Urban Clients60% - 80%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Given to groups between 5 to 10 members. Customers are required to have a lease agreement, bank account statement and utility bills. Customers must have been in business for longer than 12 months.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visits
Business training
Other trainingx
OtherFire/Burglary Insurance
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
OtherMust have run a business for at least 24 months
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution4
# Regions for this product4
Regions ActiveNairobi, Nyanza, Rift Valley, Western

Product Details

Key Statistics
Outstanding portfolio (TZS)TZS 793,564,983.30
Portfolio (USD)USD 499,097.47
Active Clients with Loans2,648
Approximate % Female Clients60% - 80%
Approximate % Urban Clients60% - 80%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Loans are advanced to members organized in groups of 15 to 35. However unlike other group products, members in this group do not have to wait for others so as to acces subsequent loans.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
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 institution4
# Regions for this product4
Regions ActiveDar es Salaam, Mara, Mwanza, Pwani

Loan Conditions

Loan Amount
CurrencyKES
Minimum loan sizeKES 50,000
Maximum loan size500,000
Distribution at Disbursement (Est.)
Loans less than KES 50,00015%
KES 50,000-150,00050%
KES 150,000-250,00020%
KES 250,000-350,00010%
KES 350,000-450,0005%
Greater than KES 450,0005%
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term36.0 months
Approx averageDK
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months15%
Between 7 and 9 months5%
Between 10 and 12 months70%
Between 13 and 18 months10%
Longer than 18 months0
Grace Period
Grace period usage10%
Average grace periodDK
Repayment Frequency
Daily
Weeklyx
Every 2 weeksx
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 50,000
Maximum loan size4,000,000
Distribution at Disbursement (Est.)
Loans less than TZS 350,0005%
TZS 350,000-1,250,00050%
TZS 1,250,000-2,000,00030%
TZS 2,000,000-3,000,00015%
TZS 3,000,000-4,000,0000
Greater than TZS 4,000,0000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term12.0 months
Approx average6.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months40%
Between 7 and 9 months30%
Between 10 and 12 months30%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
Every 2 weeksx
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 interest22.00%
Highest quoted nominal interest22.00%
Reason(s) why interest rate variesBranch, Time as Client
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionLoan Application FeeChattels Fee
% of loan amount - min00
% of loan amount - max2.00%0
OR, Fixed amount - min1,0001,300
Fixed amount - max01,300
Reason for variation2% with KES 1000 minimumCharged on all loans
Appears on Repayment Sched?YesYes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsurance Fee
% of loan amount - min1.60%
% of loan amount - max3.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation<12 month =1.6%, 13-24 months=1.75%, 25+ months=3%. Either upfront or continuing.
Appears on Repayment Sched?Yes
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
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 depositedKES 200
Conditions on access to depositAccess During
Interest Paid on Deposit
Minimum interest rate paid1.00%
Maximum interest rate paid1.00%
Interest payment frequencyAnnually
Taxes
Are taxes charged on this product?No
Additional Comments
Interest rate revised to 20% flat as of 17-June-2013.

Pricing Information

Interest
Lowest quoted nominal interest48.00%
Highest quoted nominal interest48.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?Yes
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited20.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid0
Maximum interest rate paid0
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No
Additional Comments
The other group members can not renew a loan if one of the group members is in arrears.

Full Pricing Data

Nguzo Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountKES 50,000KES 100,000KES 185,000KES 295,000KES 400,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2013-05-272013-05-152013-05-292013-05-032013-04-30
Loan Term (Months)12.0 months12.0 months18.0 months24.0 months24.0 months
Grace Period (Months)0.2 months0.7 months0.7 months0.5 months0.5 months
Total Cost of CreditKES 14,069.86KES 28,759.73KES 70,198KES 141,364.38KES 191,217.81
True Price by Comp         
Interest price component39.5%41.0%38.4%37.3%37.3%
Fee Component9.8%6.7%3.8%2.7%2.6%
Insurance Component3.5%3.3%1.8%1.8%1.8%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component59.7%41.6%32.0%26.4%25.8%
Full APR (int fee ins tax dep)112.5%92.6%76.0%68.2%67.5%
Transparency Index2024293233
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF

Full Pricing Data

Group Flexible Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountTZS 100,000TZS 300,000TZS 500,000TZS 1,000,000TZS 2,000,000TZS 3,000,000
Loan Cycle (1, 2, 3, etc)163456
Disbursement Date2013-01-142013-02-132013-01-062013-01-222013-02-042013-01-29
Loan Term (Months)5.6 months5.6 months7.0 months7.0 months7.0 months11.0 months
Grace Period (Months)0.0 months0.0 months1.0 month0.0 months0.0 months0.0 months
Total Cost of CreditTZS 24,000TZS 72,000TZS 120,000TZS 320,000TZS 640,000TZS 1,440,000
True Price by Comp           
Interest price component93.0%93.0%65.5%92.0%89.0%89.5%
Fee Component0.0%0.0%0.0%0.0%0.0%0.0%
Insurance Component0.0%0.0%0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%0.0%0.0%
Deposit Component45.1%45.1%25.5%42.5%39.7%37.7%
Full APR (int fee ins tax dep)138.1%138.1%91.0%134.5%128.7%127.2%
Transparency Index353553363738
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF
Nguzo Loan Price Graphs
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.NBFIInstitution TypeBusinessLoan PurposeOpportunity KenyaInstitutionKE-021-V02-P02ProductKECountry2013YearRange Number2Institution Data Version0100,000200,000300,000400,000Loan Size (all)0%50%100%Full APR (int fee ins tax dep)> 100506Number of Borrowers
Click to view Price Analysis Tool
Group Flexible Loan Price Graphs
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.OtherInstitution TypeBusinessLoan PurposeTujijenge TanzaniaInstitutionTZ-017-V02-P01ProductTZCountry2013YearRange Number2Institution Data Version0500,0001,000,0001,500,0002,000,0002,500,0003,000,000Loan Size (all)0%50%100%150%Full APR (int fee ins tax dep)> 1,30090060030030Number of Borrowers
Click to view Price Analysis Tool
Caps / Zoom options
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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