2. Yehu
Please note that the information you are viewing is 142 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. NMB
Please note that the information you are viewing is 136 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Yehu Microfinance Trust PO Box 82120Mombasa
Data approved: 2013-09-13
Data version: 2
Age of data: 142 months
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Institution

National Microfinance Bank plc 9213Dar es salaamPO Box 255
Data approved: 2013-04-09
Data version: 2
Age of data: 136 months
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Product

Elimu Loan Product 7 of 12 « Prev | Next »

Product

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Product Summary

Number borrowers302
Loan Amount (range)KES 20,000 - 100,000
Loan Term (range)3 - 12
Other Services (text summary)Credit Educ, Group Mtgs, Business Training, Other Training, Leadership Training
Annual Interest & Method21.0% annual, Flat
Fees400.00-0.00 upfront
Insurance1.50% upfront
TaxNone
Comp Dep10.0%-15.0% upfront 100.00 ongoing
Range of pricing 
Interest Price Component33.6% - 40.3%
Fee Component0 - 10.6%
Insurance Component0 - 4.1%
Tax Component Range0
Full APR (int fee ins tax dep)58.7% - 66.4%
Transparency Index (min/max)24 - 56
Transparency Index (average)34

Product Summary

45,197
TZS 100,000 - 10,000,000
6 - 24
Credit Educ, Credit Ins, Tech Asst Visits, Business Training
24.00% annual, Decl Bal
1.50% upfront
0.75% upfront
None
N/A
 
23.6% - 24.2%
0 - 5.4%
1.4% - 2.7%
0
25.0% - 32.1%
75 - 96
88

Product Details

Key Statistics
Outstanding portfolio (KES)KES 4,824,912.35
Portfolio (USD)USD 58,271.89
Active Clients with Loans302
Approximate % Female Clients60% - 80%
Approximate % Urban Clients60% - 80%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Desinged to cover the costs of school fees and related education epenses (ex. Textbooks). This loan should not be applied to clients in arreas.
Loan Purpose
Any purpose
Income generation
Mortgage/housingx
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurance
Workplace visits
Business trainingx
Other trainingx
OtherLeadership Training
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age groupx
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution1
# Regions for this product1
Regions ActiveCoast

Product Details

Key Statistics
Outstanding portfolio (TZS)TZS 118,500,000,000
Portfolio (USD)USD 74,528,301.89
Active Clients with Loans45,197
Approximate % Female Clients20% - 40%
Approximate % Urban Clients60% - 80%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
These are micro-loans that range from TZS 100,000 to TZS 7,500,000 and are mostly used for working capital and low value investments.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetings
Credit insurancex
Workplace visitsx
Business trainingx
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
OtherLoan must be secured
Other (2)Applicant must be of 18 age and above
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution22
# Regions for this product26
Regions ActiveArusha, Dar es Salaam, Dodoma, Iringa, Kagera, Kigoma, Kilimanjaro, Lindi, Manyara, MaraMbeya, Morogoro, Mtwara, Mwanza, Pemba North, Pemba South, Pwani, Rukwa, Ruvuma, ShinyangaSingida, Tabora, Tanga, Zanzibar Central/South, Zanzibar North, Zanzibar Urban/West

Loan Conditions

Loan Amount
CurrencyKES
Minimum loan sizeKES 20,000
Maximum loan size100,000
Distribution at Disbursement (Est.)
Loans less than KES 50,00080%
KES 50,000-150,00020%
KES 150,000-250,0000
KES 250,000-350,0000
KES 350,000-450,0000
Greater than KES 450,0000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term12.0 months
Approx averageDK
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months10%
Between 10 and 12 months90%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage100%
Average grace period1.0 month
Repayment Frequency
Daily
Weekly
Every 2 weeksx
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyTZS
Minimum loan sizeTZS 100,000
Maximum loan size10,000,000
Distribution at Disbursement (Est.)
Loans less than TZS 350,0000
TZS 350,000-1,250,00010%
TZS 1,250,000-2,000,00010%
TZS 2,000,000-3,000,00015%
TZS 3,000,000-4,000,00015%
Greater than TZS 4,000,00015%
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term24.0 months
Approx average12.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months10%
Between 7 and 9 months20%
Between 10 and 12 months30%
Between 13 and 18 months30%
Longer than 18 months10%
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
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 interest21.00%
Highest quoted nominal interest21.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionApplication Fee
% of loan amount - min0
% of loan amount - max1.00%
OR, Fixed amount - min400
Fixed amount - max0
Reason for variationKES 400 Minimum
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionEmergency Fund
% of loan amount - min1.50%
% of loan amount - max1.50%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaRural 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
Deposit BEFORE or AT Disbursement
% loan amount deposited10.00% - 15.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount depositedKES 100
Conditions on access to depositAccess During
Interest Paid on Deposit
Minimum interest rate paid2.00%
Maximum interest rate paid4.00%
Interest payment frequencyAnnually
Taxes
Are taxes charged on this product?No

Pricing Information

Interest
Lowest quoted nominal interest24.00%
Highest quoted nominal interest24.00%
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?Yes
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionLoan Processing Fee
% of loan amount - min1.50%
% of loan amount - max1.50%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionCredit Life
% of loan amount - min0.75%
% of loan amount - max0.75%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Full Pricing Data

Elimu Loan samples
Sample 1Sample 2Sample 3
Loan AmountKES 20,000KES 45,000KES 97,300
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2013-05-022013-05-212013-03-11
Loan Term (Months)12.0 months12.0 months9.0 months
Grace Period (Months)0.5 months0.5 months0.5 months
Total Cost of CreditKES 4,900KES 10,575KES 17,757.34
True Price by Comp     
Interest price component37.8%37.8%37.0%
Fee Component4.1%2.1%2.6%
Insurance Component3.2%3.1%4.0%
Tax Component0.0%0.0%0.0%
Deposit Component21.3%16.6%15.1%
Full APR (int fee ins tax dep)66.4%59.6%58.7%
Transparency Index323536
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF

Full Pricing Data

MSE Loan samples
Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountTZS 300,000TZS 500,000TZS 1,000,000TZS 2,500,000TZS 5,000,000
Loan Cycle (1, 2, 3, etc)11Not KnownNot KnownNot Known
Disbursement Date2013-01-072013-02-042013-03-222013-04-082013-04-08
Loan Term (Months)6.0 months6.0 months6.0 months12.0 months12.0 months
Grace Period (Months)0.0 months-0.1 months0.0 months0.0 months0.0 months
Total Cost of CreditTZS 28,096.47TZS 39,327.44TZS 78,654.87TZS 355,537.90TZS 711,075.83
True Price by Comp         
Interest price component24.0%24.2%23.6%23.7%23.6%
Fee Component5.4%0.0%0.0%0.0%0.0%
Insurance Component2.7%2.7%2.6%1.5%1.4%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)32.1%26.9%26.2%25.2%25.0%
Transparency Index7589929596
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF
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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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