| Number borrowers | 181 |
| Loan Amount (range) | KES 5,000 - 150,000 |
| Loan Term (range) | 3 - 18 |
| Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Business Training, Other Training, Leadership training |
| Annual Interest & Method | 21.0% annual, Flat |
| Fees | 400.00-0.00 upfront |
| Insurance | 1.50% upfront |
| Tax | None |
| Comp Dep | 10.0%-15.0% upfront 100.00 ongoing |
| Range of pricing | |
| Interest Price Component | 33.6% - 40.3% |
| Fee Component | 0 - 10.6% |
| Insurance Component | 0 - 4.1% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 62.1% - 81.8% |
| Transparency Index (min/max) | 24 - 56 |
| Transparency Index (average) | 28 |
| 521 |
| TZS 100,000 - 100,000,000 |
| 6 - 24 |
| Tech Asst Visits, Other Training |
| 21.60% annual, Flat |
| 2.00% upfront |
| 0.65% upfront |
| None |
| 15.00% upfront |
| 29.1% - 53.4% |
| 1.5% - 8.5% |
| 0.5% - 2.8% |
| 0 |
| 42.8% - 58.4% |
| 25 - 75 |
| 43 |
| Outstanding portfolio (KES) | KES 2,005,593.13 |
| Portfolio (USD) | USD 24,222.14 |
| Active Clients with Loans | 181 |
| Approximate % Female Clients | 80% - 100% |
| 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 | x |
| Other training | x |
| Other | Leadership training |
| 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 | x |
| Other | |
| Other (2) |
| # Regions for this institution | 1 |
| # Regions for this product | 1 |
| Regions Active | Coast |
| Outstanding portfolio (TZS) | TZS 1,100,000,000 |
| Portfolio (USD) | USD 691,823.90 |
| Active Clients with Loans | 521 |
| Approximate % Female Clients | 20% - 40% |
| 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 | x |
| 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 | |
| Other (2) |
| # Regions for this institution | 1 |
| # Regions for this product | 1 |
| Regions Active | Kilimanjaro |
| Currency | KES |
| Minimum loan size | KES 5,000 |
| Maximum loan size | 150,000 |
| Loans less than KES 50,000 | 80% |
| KES 50,000-150,000 | 20% |
| 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 | 18.0 months |
| Approx average | 12.0 months |
| Grace period usage | 100% |
| Average grace period | 1.0 month |
| Daily | |
| Weekly | |
| Every 2 weeks | x |
| Every 4 weeks | |
| Monthly | |
| 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 | 100,000,000 |
| Loans less than TZS 350,000 | 15% |
| TZS 350,000-1,250,000 | 15% |
| TZS 1,250,000-2,000,000 | 15% |
| TZS 2,000,000-3,000,000 | 15% |
| TZS 3,000,000-4,000,000 | 15% |
| Greater than TZS 4,000,000 | 15% |
| Shortest loan term | 6.0 months |
| Longest loan term | 24.0 months |
| Approx average | 12.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 20% |
| Between 10 and 12 months | 20% |
| Between 13 and 18 months | 30% |
| Longer than 18 months | 30% |
| 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 | 21.00% |
| Highest quoted nominal interest | 21.00% |
| 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 | Application Fee |
| % of loan amount - min | 0 |
| % of loan amount - max | 1.00% |
| OR, Fixed amount - min | 400 |
| Fixed amount - max | 0 |
| Reason for variation | KES 400 Minimum |
| Appears on Repayment Sched? | No |
| Ins 1 | |
|---|---|
| Description | Emergency Fund |
| % 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 | Rural loans <30,000 KES =15%. Loans >30,000 KES = 10%. Urban loans <100,000 KES = 15%. Loans >100,000 KES = 10% |
| Is deposit indicated on the repayment schedule? | No |
| Do borrowers control deposit in their group? | Yes |
| % loan amount deposited | 10.00% - 15.00% |
| 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 | 2.00% |
| Maximum interest rate paid | 4.00% |
| Interest payment frequency | Annually |
| Are taxes charged on this product? | No |
| Lowest quoted nominal interest | 1.80% |
| Highest quoted nominal interest | 1.80% |
| 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 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 without 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 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | KES 10,000 | KES 15,000 | KES 20,000 | KES 30,000 | |||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
| Disbursement Date | 2013-07-04 | 2013-03-26 | 2013-05-29 | 2013-05-06 | |||
| Loan Term (Months) | 12.0 months | 9.0 months | 12.0 months | 12.0 months | |||
| Grace Period (Months) | 0.5 months | 0.5 months | 0.5 months | 0.5 months | |||
| Total Cost of Credit | KES 2,662 | KES 2,987.50 | KES 4,900 | KES 7,162 | |||
| True Price by Comp | |||||||
| Interest price component | 38.0% | 37.0% | 37.8% | 37.9% | |||
| Fee Component | 8.4% | 7.0% | 4.1% | 2.7% | |||
| Insurance Component | 3.3% | 4.0% | 3.2% | 3.2% | |||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Deposit Component | 32.1% | 23.1% | 21.3% | 18.3% | |||
| Full APR (int fee ins tax dep) | 81.8% | 71.1% | 66.4% | 62.1% | |||
| Transparency Index | 24 | 28 | 30 | 32 | |||
| Original Repayment Schedule | |||||||
| MFT Pricing Calculation |
| Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | TZS 300,000 | TZS 500,000 | TZS 1,500,000 | TZS 2,500,000 | TZS 5,000,000 | ||||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | 0 | ||||
| Disbursement Date | 2013-01-11 | 2013-02-26 | 2013-01-02 | 2013-03-13 | 2013-05-08 | ||||
| Loan Term (Months) | 5.8 months | 12.0 months | 24.0 months | 36.0 months | 18.0 months | ||||
| Grace Period (Months) | -0.2 months | -0.1 months | -0.3 months | -0.2 months | 0.0 months | ||||
| Total Cost of Credit | TZS 36,150 | TZS 108,250 | TZS 579,750 | TZS 1,416,250 | TZS 1,636,600 | ||||
| True Price by Comp | |||||||||
| Interest price component | 33.4% | 33.2% | 32.1% | 30.7% | 34.5% | ||||
| Fee Component | 7.7% | 4.0% | 2.3% | 1.5% | 2.8% | ||||
| Insurance Component | 2.5% | 1.3% | 0.7% | 0.5% | 0.9% | ||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Deposit Component | 14.8% | 13.1% | 11.6% | 10.1% | 12.5% | ||||
| Full APR (int fee ins tax dep) | 58.4% | 51.6% | 46.7% | 42.8% | 50.7% | ||||
| Transparency Index | 37 | 42 | 46 | 50 | 43 | ||||
| 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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