Number borrowers | 59 |
Loan Amount (range) | RWF 15,000 - 5,000,000 |
Loan Term (range) | 3 |
Other Services (text summary) | Credit Educ |
Annual Interest & Method | 60.00% annual, Flat |
Fees | 2 fees |
Insurance | None |
Tax | 18.00% fees |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | 15.5% - 55.5% |
Fee Component | 1.5% - 10.6% |
Insurance Component | 0 - 0.5% |
Tax Component Range | 0.3% - 1.9% |
Full APR (int fee ins tax dep) | 65.1% - 68.0% |
Transparency Index (min/max) | 42 - 92 |
Transparency Index (average) | 90 |
2,393 |
TZS 50,000 - 1,000,000 |
6 - 8 |
Credit Ins |
60.0% annual, Flat |
8.00% upfront |
2.00% upfront |
None |
10.0% upfront |
45.2% - 59.1% |
2.0% - 16.9% |
1.8% - 7.5% |
0 |
69.9% - 81.9% |
32 - 86 |
80 |
Outstanding portfolio (RWF) | RWF 17,470,676 |
Portfolio (USD) | USD 27,731 |
Active Clients with Loans | 59 |
Approximate % Female Clients | 0% - 20% |
Approximate % Urban Clients | 0% - 20% |
Individual | x |
Solidarity group | |
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 | x |
Group meetings | |
Credit insurance | |
Workplace visits | |
Business training | |
Other training | |
Other | |
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 | |
Other | |
Other (2) |
# Regions for this institution | 2 |
# Regions for this product | 4 |
Regions Active | Ngororero, Nyabihu, Rubavu, Rutsiro |
Outstanding portfolio (TZS) | TZS 586,342,567 |
Portfolio (USD) | USD 368,768.91 |
Active Clients with Loans | 2,393 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 0 |
Individual | |
Solidarity group | |
Village banking | x |
Self help group | |
Other |
Any purpose | |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | x |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | |
Group meetings | |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services |
Men | x |
Women | x |
Must run a business | |
Must own a home or land | x |
Must be a salaried worker | |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | 4 |
# Regions for this product | 7 |
Regions Active | Dodoma, Kagera, Kilimanjaro, Morogoro, ShinyangaSingida, Tanga |
Currency | RWF |
Minimum loan size | RWF 15,000 |
Maximum loan size | 5,000,000 |
Loans less than RWF 500,000 | 20% |
RWF 500,000-1,500,000 | 15% |
RWF 1,500,000-2,500,000 | 15% |
RWF 2,500,000-3,500,000 | 15% |
RWF 3,500,000-4,500,000 | 15% |
Greater than RWF 4,500,000 | 15% |
Shortest loan term | 3.0 months |
Longest loan term | 3.0 months |
Approx average | 3.0 months |
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 | |
Every 2 months | |
Quarterly | x |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Currency | TZS |
Minimum loan size | TZS 50,000 |
Maximum loan size | 1,000,000 |
Loans less than TZS 350,000 | 90% |
TZS 350,000-1,250,000 | 10% |
TZS 1,250,000-2,000,000 | 0 |
TZS 2,000,000-3,000,000 | 0 |
TZS 3,000,000-4,000,000 | 0 |
Greater than TZS 4,000,000 | 0 |
Shortest loan term | 6.0 months |
Longest loan term | 8.0 months |
Approx average | 7.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 70% |
Between 7 and 9 months | 30% |
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 | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | x |
Irregular payments |
Lowest quoted nominal interest | 5.00% |
Highest quoted nominal interest | 5.00% |
Interest rate period | Monthly |
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 | Paper Fee | |
% of loan amount - min | 2.00% | 0 | |
% of loan amount - max | 2.00% | 0 | |
OR, Fixed amount - min | 0 | 600 | |
Fixed amount - max | 0 | 600 | |
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 | 5.00% |
Highest quoted nominal interest | 5.00% |
Reason(s) why interest rate varies | No Variation |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | Yes |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Processing Fee |
% of loan amount - min | 8.00% |
% of loan amount - max | 8.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Insuarance |
% 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 |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | Yes |
Do borrowers control deposit in their group? | No |
% loan amount deposited | 10.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | Final Pmt |
Minimum interest rate paid | 0 |
Maximum interest rate paid | 0 |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | RWF 95,000 | RWF 200,000 | RWF 490,000 | RWF 450,000 | RWF 2,000,000 | RWF 3,000,000 | |||||
Loan Cycle (1, 2, 3, etc) | 1 | 1 | 1 | 1 | 1 | 1 | |||||
Disbursement Date | 2012-03-20 | 2012-05-23 | 2012-06-04 | 2012-08-02 | 2012-05-29 | 2012-05-23 | |||||
Loan Term (Months) | 3.1 months | 3.1 months | 3.1 months | 3.1 months | 3.1 months | 3.1 months | |||||
Grace Period (Months) | 3.1 months | 3.1 months | 3.1 months | 3.1 months | 3.1 months | 3.1 months | |||||
Total Cost of Credit | RWF 17,200 | RWF 35,428 | RWF 85,772 | RWF 78,828 | RWF 347,908 | RWF 521,508 | |||||
True Price by Comp | |||||||||||
Interest price component | 55.5% | 55.5% | 55.5% | 55.5% | 55.5% | 55.5% | |||||
Fee Component | 10.6% | 9.2% | 8.5% | 8.6% | 8.1% | 8.1% | |||||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Tax Component | 1.9% | 1.7% | 1.6% | 1.5% | 1.5% | 1.5% | |||||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Full APR (int fee ins tax dep) | 68.0% | 66.4% | 65.6% | 65.6% | 65.1% | 65.1% | |||||
Transparency Index | 88 | 90 | 92 | 91 | 92 | 92 | |||||
Original Repayment Schedule | |||||||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | TZS 250,000 | TZS 300,000 | TZS 350,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2014-02-12 | 2014-01-09 | 2014-04-01 | ||
Loan Term (Months) | 6.0 months | 7.0 months | 8.0 months | ||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
Total Cost of Credit | TZS 100,000 | TZS 120,000 | TZS 175,000 | ||
True Price by Comp | |||||
Interest price component | 52.9% | 45.2% | 51.2% | ||
Fee Component | 16.9% | 14.4% | 12.7% | ||
Insurance Component | 4.4% | 3.8% | 3.4% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 7.7% | 6.5% | 6.6% | ||
Full APR (int fee ins tax dep) | 81.9% | 69.9% | 73.9% | ||
Transparency Index | 73 | 86 | 81 | ||
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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