| Number borrowers | 2,764 |
| Loan Amount (range) | RWF 10,000 - 500,000 |
| Loan Term (range) | 4 - 12 |
| Other Services (text summary) | |
| Annual Interest & Method | 30.00% annual, Flat |
| Fees | 2 fees |
| Insurance | None |
| Tax | 18.00% fees |
| Comp Dep | N/A |
| Range of pricing | |
| Interest Price Component | 22.9% - 57.1% |
| Fee Component | 2.1% - 24.7% |
| Insurance Component | 0 - 0.8% |
| Tax Component Range | 0.5% - 4.7% |
| Full APR (int fee ins tax dep) | 56.7% - 73.3% |
| Transparency Index (min/max) | 16 - 53 |
| Transparency Index (average) | 47 |
| 2,439 |
| TZS 3,000,000 - 35,000,000 |
| 6 - 24 |
| Group Mtgs, Credit Ins |
| 22.0%-24.0% annual, Flat |
| 1.00% upfront |
| 1.35% upfront |
| None |
| 25.0% upfront 13,000.00 ongoing |
| 35.8% - 52.8% |
| 2.0% - 6.7% |
| 0 - 5.1% |
| 0 |
| 77.9% - 80.5% |
| 21 - 91 |
| 27 |
| Outstanding portfolio (RWF) | RWF 295,147,266 |
| Portfolio (USD) | USD 468,488 |
| Active Clients with Loans | 2,764 |
| Approximate % Female Clients | 0% - 20% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | x |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | x |
| Consumer loan | |
| Agriculture | |
| Education | x |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | |
| Group meetings | |
| Credit insurance | |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services | x |
| Men | x |
| Women | |
| 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 | 2 |
| # Regions for this product | 5 |
| Regions Active | Bugesera, Kicukiro, Nyarugenge, Rubavu, Rusizi |
| Outstanding portfolio (TZS) | TZS 8,761,921,729 |
| Portfolio (USD) | USD 5,510,642.60 |
| Active Clients with Loans | 2,439 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 80% - 100% |
| Individual | x |
| 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 | |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | |
| Business training | |
| Other training | |
| 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 | 20 |
| # Regions for this product | 26 |
| Regions Active | Arusha, 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 |
| Currency | RWF |
| Minimum loan size | RWF 10,000 |
| Maximum loan size | 500,000 |
| Loans less than RWF 500,000 | 100% |
| RWF 500,000-1,500,000 | 0 |
| RWF 1,500,000-2,500,000 | 0 |
| RWF 2,500,000-3,500,000 | 0 |
| RWF 3,500,000-4,500,000 | 0 |
| Greater than RWF 4,500,000 | 0 |
| Shortest loan term | 4.0 months |
| Longest loan term | 12.0 months |
| Approx average | 8.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 90% |
| Between 7 and 9 months | 10% |
| 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 | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | x |
| Every 12 months | |
| Single end payment | x |
| Irregular payments |
| Currency | TZS |
| Minimum loan size | TZS 3,000,000 |
| Maximum loan size | 35,000,000 |
| Loans less than TZS 350,000 | 0 |
| TZS 350,000-1,250,000 | 0 |
| TZS 1,250,000-2,000,000 | 0 |
| TZS 2,000,000-3,000,000 | 0 |
| TZS 3,000,000-4,000,000 | 40% |
| Greater than TZS 4,000,000 | 40% |
| Shortest loan term | 6.0 months |
| Longest loan term | 24.0 months |
| Approx average | DK |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 20% |
| Between 13 and 18 months | 30% |
| Longer than 18 months | 50% |
| 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 | 30.00% |
| Highest quoted nominal interest | 30.00% |
| 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 | Commission Fee | Loan 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? | No | 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? | Yes |
| Percentage of fees | 18% |
| All or some fees taxed | All |
| Lowest quoted nominal interest | 22.00% |
| Highest quoted nominal interest | 24.00% |
| Reason(s) why interest rate varies | Loan Size, Loans < 5M pay 24% and loans > 5M pay 22%. |
| 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 | 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? | Yes |
| Ins 1 | |
|---|---|
| Description | Loan Insurance |
| % of loan amount - min | 1.35% |
| % of loan amount - max | 1.35% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | Yes |
| Required for | All |
| Criteria | Interest on deposit is paid every six months. |
| Is deposit indicated on the repayment schedule? | No |
| Do borrowers control deposit in their group? | No |
| % loan amount deposited | 25.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | TZS 13,000 |
| Conditions on access to deposit | When Leaving |
| Minimum interest rate paid | 3.00% |
| Maximum interest rate paid | 5.00% |
| Interest payment frequency | End Term |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | RWF 100,000 | RWF 250,000 | RWF 100,000 | ||
| Loan Cycle (1, 2, 3, etc) | 1 | Not Known | Not Known | ||
| Disbursement Date | 2012-05-15 | 2012-06-15 | 2012-09-05 | ||
| Loan Term (Months) | 6.0 months | 6.0 months | 6.0 months | ||
| Grace Period (Months) | 6.1 months | 1.0 month | 6.0 months | ||
| Total Cost of Credit | RWF 28,570 | RWF 54,175 | RWF 28,570 | ||
| True Price by Comp | |||||
| Interest price component | 27.7% | 48.6% | 28.2% | ||
| Fee Component | 24.3% | 20.9% | 24.7% | ||
| Insurance Component | 0.0% | 0.0% | 0.0% | ||
| Tax Component | 4.7% | 3.8% | 4.7% | ||
| Deposit Component | 0.0% | 0.0% | 0.0% | ||
| Full APR (int fee ins tax dep) | 56.7% | 73.3% | 57.6% | ||
| Transparency Index | 53 | 41 | 52 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | TZS 3,000,000 | TZS 3,800,000 | TZS 5,000,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2013-01-22 | 2013-06-12 | 2013-07-26 | ||
| Loan Term (Months) | 12.0 months | 12.0 months | 12.0 months | ||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
| Total Cost of Credit | TZS 790,500 | TZS 1,001,300 | TZS 1,317,500 | ||
| True Price by Comp | |||||
| Interest price component | 41.3% | 41.0% | 41.0% | ||
| Fee Component | 2.0% | 2.0% | 2.0% | ||
| Insurance Component | 2.7% | 2.7% | 2.7% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 34.5% | 33.2% | 32.2% | ||
| Full APR (int fee ins tax dep) | 80.5% | 78.9% | 77.9% | ||
| Transparency Index | 27 | 28 | 28 | ||
| 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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