| Outstanding portfolio (KES) | KES 29,345,569 |
| Portfolio (USD) | USD 354,415.08 |
| Active Clients with Loans | 1,350 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 60% - 80% |
| 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 | |
| Credit insurance | |
| Workplace visits | |
| Business training | x |
| 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 | 5 |
| # Regions for this product | 5 |
| Regions Active | Central, Eastern, Nairobi, Nyanza, Rift Valley |
| Currency | KES |
| Minimum loan size | KES 5,000 |
| Maximum loan size | 30,000 |
| Loans less than KES 50,000 | 100% |
| KES 50,000-150,000 | 0 |
| 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 | 1.0 month |
| Longest loan term | 1.0 month |
| Approx average | 1.0 month |
| Loans 3 months or less | 100% |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 0 |
| 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 | 1 |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 7.50% |
| Highest quoted nominal interest | 7.50% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Up-Front |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| 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 |
Loan Amount |
Type of Sample |
Disbursement Date |
Loan Term (Months) |
Grace Period (Months) |
Total Cost of Credit |
Full APR (int fee ins tax dep) |
True Price by Component |
Transparency Index |
Original Repayment Schedule |
MFT Pricing Calculation |
||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Interest price component |
Fee Component |
Insurance Component |
Tax Component |
Deposit Component |
||||||||||
| KES 5,000 | Generated | 2015-03-01 | 1.0 month | N/A | KES 369.86 | 93.6% | 93.6% | 0.0% | 0.0% | 0.0% | 0.0% | 96 | - | |
| KES 12,000 | Generated | 2015-03-01 | 1.0 month | N/A | KES 887.67 | 93.6% | 93.6% | 0.0% | 0.0% | 0.0% | 0.0% | 96 | - | |
| KES 15,000 | Generated | 2015-03-01 | 1.0 month | N/A | KES 1,109.59 | 93.6% | 93.6% | 0.0% | 0.0% | 0.0% | 0.0% | 96 | - | |
| KES 22,000 | Generated | 2015-03-01 | 1.0 month | N/A | KES 1,627.40 | 93.6% | 93.6% | 0.0% | 0.0% | 0.0% | 0.0% | 96 | - | |
| KES 38,000 | Generated | 2015-03-01 | 1.0 month | N/A | KES 2,810.96 | 93.6% | 93.6% | 0.0% | 0.0% | 0.0% | 0.0% | 96 | - | |
| KES 42,000 | Generated | 2015-03-01 | 1.0 month | N/A | KES 3,106.85 | 93.6% | 93.6% | 0.0% | 0.0% | 0.0% | 0.0% | 96 | - | |
| KES 50,000 | Generated | 2015-03-01 | 1.0 month | N/A | KES 3,698.63 | 93.6% | 93.6% | 0.0% | 0.0% | 0.0% | 0.0% | 96 | - | |
| Institution Type | Non Bank Financial Institution |
| Is this institution regulated? | No |
| Website address | N/A |
| Year established | 2011 |
| Head of Institution | Emmanuel Kashumba and Felister Machange |
| Regions active | |
| # Branches | 1 |
| Total Portfolio (nat'l) | TZS 61,410,000 |
| Total Portfolio (USD) | USD 38,622.64 |
| Active clients with loans | 69 |
| Approximate % female clients | 60% - 80% |
| Approximate % urban clients | 0% - 20% |
| Network affiliations | TAMFI |
| Funders |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Small and Medium Enterprise Loan | TZS 100,000 - 1,500,000 | 1 - 3 | 60% - 80% | 0% - 20% | Business | Women, Men, Have business | Credit Ins |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Small and Medium Enterprise Loan | 60.00% annual, Flat | 1 Fee | 1 Ins | None | 20.00% upfront | 124.3% - 208.3% | 201% - 336.3% | 24 |
| Key Statistics | |
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| Loan Portfolio (USD) | |
| % Products using declining balance | |
| % Products with one or more fee | |
| % Products with one or more insurances | |
| % Products with compulsory deposits |
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