| Number borrowers | 5,770 |
| Loan Amount (range) | KES 5,000 - 300,000 |
| Loan Term (range) | 3 - 18 |
| Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Health insurance - optional |
| Annual Interest & Method | 22.0% annual, Flat |
| Fees | 1.00% upfront |
| Insurance | 2.00% upfront |
| Tax | None |
| Comp Dep | 20.0% upfront 100.00 ongoing |
| Range of pricing | |
| Interest Price Component | 28.1% - 38.9% |
| Fee Component | 1.9% - 3.8% |
| Insurance Component | 4.0% - 7.6% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 69.4% - 113.0% |
| Transparency Index (min/max) | 15 - 38 |
| Transparency Index (average) | 27 |
| 86 |
| TZS 300,000 - 6,000,000 |
| 12 |
| Group Mtgs, Business Training |
| 24.00% annual, Flat |
| 2 fees |
| 1.00% upfront |
| None |
| N/A |
| 10.1% - 75.8% |
| 3.8% - 19.1% |
| 1.2% - 5.6% |
| 0 |
| 50.0% - 59.8% |
| 4 - 48 |
| 41 |
| Outstanding portfolio (KES) | KES 207,715,811.50 |
| Portfolio (USD) | USD 2,508,645.07 |
| Active Clients with Loans | 5,770 |
| Approximate % Female Clients | 40% - 60% |
| 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 | x |
| Business training | x |
| Other training | |
| Other | Health insurance - optional |
| 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 | 5 |
| # Regions for this product | 5 |
| Regions Active | Central, Eastern, Nairobi, Rift Valley, Western |
| Outstanding portfolio (TZS) | TZS 297,308,780.30 |
| Portfolio (USD) | USD 186,986.65 |
| Active Clients with Loans | 86 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 40% - 60% |
| Individual | |
| Solidarity group | x |
| 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 | |
| Group meetings | x |
| 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 | x |
| 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 5,000 |
| Maximum loan size | 300,000 |
| Loans less than KES 50,000 | 60% |
| KES 50,000-150,000 | 20% |
| KES 150,000-250,000 | 10% |
| KES 250,000-350,000 | 10% |
| KES 350,000-450,000 | 0 |
| Greater than KES 450,000 | 0 |
| Shortest loan term | 3.0 months |
| Longest loan term | 18.0 months |
| Approx average | 9.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 30% |
| Between 7 and 9 months | 20% |
| Between 10 and 12 months | 40% |
| Between 13 and 18 months | 10% |
| Longer than 18 months | 0 |
| Grace period usage | 100% |
| Average grace period | 0.3 months |
| 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 |
| Currency | TZS |
| Minimum loan size | TZS 300,000 |
| Maximum loan size | 6,000,000 |
| 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 | 10% |
| TZS 3,000,000-4,000,000 | 10% |
| Greater than TZS 4,000,000 | 10% |
| 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 | 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 | 22.00% |
| Highest quoted nominal interest | 22.00% |
| Interest rate period | Yearly |
| 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 | 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 |
| 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 | N/A |
| Is deposit indicated on the repayment schedule? | No |
| Do borrowers control deposit in their group? | No |
| % loan amount deposited | 20.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | KES 100 |
| Conditions on access to deposit | Access During |
| Minimum interest rate paid | 0.50% |
| Maximum interest rate paid | 0.50% |
| Interest payment frequency | End Term |
| Are taxes charged on this product? | No |
| Lowest quoted nominal interest | 24.00% |
| Highest quoted nominal interest | 24.00% |
| 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 | 2.00% | 1.00% | |
| % of loan amount - max | 2.00% | 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 |
| 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 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | KES 8,000 | KES 30,000 | KES 50,000 | KES 100,000 | KES 200,000 | ||||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
| Disbursement Date | 2013-06-11 | 2013-06-20 | 2013-06-03 | 2013-07-05 | 2013-07-24 | ||||
| Loan Term (Months) | 6.0 months | 12.0 months | 12.0 months | 12.0 months | 12.0 months | ||||
| Grace Period (Months) | 0.2 months | 0.2 months | 0.2 months | 0.2 months | 0.2 months | ||||
| Total Cost of Credit | KES 1,120 | KES 7,500 | KES 12,500 | KES 25,000 | KES 50,000 | ||||
| True Price by Comp | |||||||||
| Interest price component | 38.1% | 38.9% | 38.9% | 38.9% | 38.9% | ||||
| Fee Component | 3.8% | 2.1% | 2.1% | 2.0% | 2.0% | ||||
| Insurance Component | 7.6% | 4.1% | 4.1% | 4.2% | 4.2% | ||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Deposit Component | 63.5% | 36.0% | 30.2% | 26.2% | 24.3% | ||||
| Full APR (int fee ins tax dep) | 113.0% | 81.1% | 75.3% | 71.3% | 69.4% | ||||
| Transparency Index | 19 | 27 | 29 | 31 | 32 | ||||
| Original Repayment Schedule | |||||||||
| MFT Pricing Calculation |
| Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | TZS 450,000 | TZS 1,000,000 | TZS 1,900,000 | TZS 3,000,000 | TZS 5,000,000 | ||||
| Loan Cycle (1, 2, 3, etc) | 1 | 1 | 1 | Not Known | Not Known | ||||
| Disbursement Date | 2013-02-21 | 2013-03-28 | 2013-02-25 | 2013-05-18 | 2013-01-30 | ||||
| Loan Term (Months) | 11.0 months | 11.0 months | 11.0 months | 23.0 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 126,000 | TZS 280,000 | TZS 532,000 | TZS 1,558,000.07 | TZS 1,400,000 | ||||
| True Price by Comp | |||||||||
| Interest price component | 49.8% | 49.8% | 49.8% | 44.9% | 49.7% | ||||
| Fee Component | 7.4% | 7.4% | 7.4% | 3.8% | 7.5% | ||||
| Insurance Component | 2.6% | 2.6% | 2.6% | 1.3% | 2.5% | ||||
| 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) | 59.8% | 59.8% | 59.8% | 50.0% | 59.7% | ||||
| Transparency Index | 40 | 40 | 40 | 48 | 40 | ||||
| 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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