- MFTransparency.org Truth In Lending Tables

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
Action	0	0	0	141
Adok Timo	4,200	570,000	4	172
BIMAS	11,100	4,679,000	7	141
ECLOF Kenya	20,500	5,455,000	8	141
Equity Bank	135,500	94,746,000	9	141
Family Bank	43,200	90,700,000	5	172
Jamii Bora	2,400	3,374,000	4	141
Juhudi Kilimo	10,400	4,436,000	2	141
KADET	12,900	5,402,000	4	141
K-Rep	0	0	0	141
K-Rep Bank	65,000	28,743,000	4	172
KWFT DTM	294,600	165,982,000	6	141
LKL	13,100	9,311,000	10	133
MKL	18,200	5,989,000	6	117
Opportunity Kenya	9,100	4,866,000	5	141
PAWDEP	40,900	7,133,000	2	141
RAFODE	2,900	356,000	1	141
SISDO	7,300	3,657,000	11	141
Yehu	14,000	3,149,000	11	141

Please note that the information you are viewing is 135 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Fanikiwa Microfinance Company Limited Head OfficeDar Es SalaamPO Box 8695

Data approved: 2013-03-13

Data version: 2

Age of data: 135 months

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Product

Personal Loan Product 4 of 6 « Prev | Next »

Product Details

Key Statistics

Outstanding portfolio (TZS)	TZS 214,607,250
Portfolio (USD)	USD 134,973.11
Active Clients with Loans	121
Approximate % Female Clients	40% - 60%
Approximate % Urban Clients	40% - 60%

Methodology

Individual	x
Solidarity group
Village banking
Self help group
Other

Description

The loan product is for individuals who have been clients of the MFI and who for a long time, have been beneficiarys of the group loan product. This loan product enables these individuals to access bigger loans as individuals from the MFI.

Loan Purpose

Any purpose
Income generation	x
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)

Included Services

Credit education	x
Group meetings	x
Credit insurance	x
Workplace visits	x
Business training	x
Other training
Other
Other (2)
No other services

Eligibility

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)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	3
# Regions for this product	5
Regions Active	Arusha, Dar es Salaam, Mwanza, Tanga, Zanzibar Central/South

Loan Conditions

Loan Amount

Currency	TZS
Minimum loan size	TZS 1,000,000
Maximum loan size	10,000,000

Distribution at Disbursement (Est.)

Loans less than TZS 350,000	0
TZS 350,000-1,250,000	0
TZS 1,250,000-2,000,000	10%
TZS 2,000,000-3,000,000	30%
TZS 3,000,000-4,000,000	20%
Greater than TZS 4,000,000	20%

Loan Term and Grace Period

Shortest loan term	6.0 months
Longest loan term	24.0 months
Approx average	12.0 months

Distribution at Disbursement (Est.)

Loans 3 months or less	0
Between 4 and 6 months	0
Between 7 and 9 months	20%
Between 10 and 12 months	50%
Between 13 and 18 months	20%
Longer than 18 months	10%

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

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

Pricing Information

Interest

Lowest quoted nominal interest	2.00%
Highest quoted nominal interest	2.00%
Interest rate period	Monthly
Interest Rate Calculation Method	Flat
Subsidized by funder request?	No
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1	Fee 2
Description	Registration Fee	Application Fee
% of loan amount - min	1.50%	0
% of loan amount - max	1.50%	0
OR, Fixed amount - min	0	10,000
Fixed amount - max	0	10,000
Reason for variation	N/A	N/A
Appears on Repayment Sched?	Yes	No

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	Ins 1
Description	Loan insurance fund
% 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

Ongoing Insurance Fees

This product has no ongoing insurance fees

Compulsory Deposit

Required for	All
Criteria	N/A
Is deposit indicated on the repayment schedule?	Yes
Do borrowers control deposit in their group?	No

Deposit BEFORE or AT Disbursement

% loan amount deposited	15.00%
or, Fixed-amount deposited	0

Deposits DURING period payments

% loan amount deposited	0
or, Fixed-amount deposited	0
Conditions on access to deposit	End Term

Interest Paid on Deposit

Minimum interest rate paid	0
Maximum interest rate paid	0
Interest payment frequency	N/A

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Full Pricing Data

Personal Loan samples

	Sample 1	Sample 2	Sample 3	Sample 4	Sample 5
Loan Amount	TZS 1,000,000	TZS 2,000,000	TZS 3,000,000	TZS 4,000,000	TZS 5,000,000
Loan Cycle (1, 2, 3, etc)	1	1	1	1	3
Disbursement Date	2013-02-14	2013-02-14	2013-02-20	2013-01-30	2013-01-31
Loan Term (Months)	9.0 months	12.0 months	12.0 months	12.0 months	18.0 months
Grace Period (Months)	-0.1 months	-0.1 months	-0.1 months	-0.2 months	0.1 months
Total Cost of Credit	TZS 215,000	TZS 540,000	TZS 805,000	TZS 1,070,000	TZS 1,935,000
True Price by Comp
Interest price component	41.0%	41.2%	41.2%	43.0%	40.4%
Fee Component	6.5%	4.0%	3.7%	3.7%	2.4%
Insurance Component	2.6%	2.1%	2.1%	2.1%	1.4%
Tax Component	0.0%	0.0%	0.0%	0.0%	0.0%
Deposit Component	16.3%	15.1%	15.0%	16.0%	13.3%
Full APR (int fee ins tax dep)	66.4%	62.4%	62.0%	64.8%	57.5%
Transparency Index	36	38	39	37	42

Original Repayment Schedule	PDF	PDF	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF	PDF	PDF

Personal Loan Price Graphs

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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

	X Axis
	Greater than:
	Less or equal to:
N (# of Samples)
Total Borrrowers of Samples


Avg
Min
Max
Std Dev

By Inst Type


By Country

	X Axis
	Greater than:
	Less or equal to:
	From 0 to
	to
	to
	to ∞

Institution

Product

Product Details

Key Statistics

Methodology

Description

Loan Purpose

Included Services

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

Loan Conditions

Loan Amount

Distribution at Disbursement (Est.)

Loan Term and Grace Period

Distribution at Disbursement (Est.)

Grace Period

Repayment Frequency

Pricing Information

Interest

Upfront Fees

Ongoing Fees

Upfront Insurance Fees

Ongoing Insurance Fees

Compulsory Deposit

Deposit BEFORE or AT Disbursement

Deposits DURING period payments

Interest Paid on Deposit

Taxes

Full Pricing Data

Personal Loan samples

Personal Loan Price Graphs

Total Borrowers of Samples

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