2. Zamuka
Please note that the information you are viewing is 143 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

COOPEC ZAMUKA Kicukiro-Centre,Secteur Gatenga, District KicukiroKigaliPO Box 6401
Data approved: 2012-11-01
Data version: 2
Age of data: 143 months
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Institution Details

Institution TypeCredit Union / Cooperative
Is this institution regulated?Yes
Website addresshttp://[email protected]
Year established2002
Head of InstitutionPascal Simbizi Manzi
Regions activeKicukiro
# Branches0

Total Portfolio (nat'l)RWF 78,400,272
Total Portfolio (USD)USD 124,444.88
Active clients with loans253
Approximate % female clients60% - 80%
Approximate % urban clients80% - 100%
Network affiliations
Funders

Loan Products » Summary

Group
219 Borrowers
USD 70,668 Portfolio
Active Product
Individual
95 Borrowers
USD 46,470 Portfolio
Active Product
Facilite
10 Borrowers
USD 4,762 Portfolio
Low Volume Product
Decouvert
Retired Product
Note: MFTransparency presents full data for active products with over 50 borrowers. Basic data is shown for lower volume products

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Group Loan RWF 100,000 - 600,000 6 - 12 40% - 60% 60% - 80% Business, Housing, Consumer, Education Women, Men Credit Educ, Group Mtgs, Tech Asst Visits
Individual Loan RWF 100,000 - 1,600,000 1 - 24 40% - 60% 80% - 100% Business, Housing, Consumer, Education Women, Men, Have business, Must own a guarantee Credit Educ, Credit Ins, Tech Asst Visits, Business Training

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Group Loan 24.00% annual, Flat 2 Fees 0 Ins None 10.00% upfront 46.9% - 49% 55.9% - 58.5% 42
Individual Loan 24.00% annual, Flat 2 Fees 0 Ins None 10.00% upfront 46.8% - 49.9% 55.8% - 59.5% 42
Institution Price Graph
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  2. FINCA Tanzania
Please note that the information you are viewing is 117 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

FINCA Tanzania M.F.C. Limited Plot # 84 Morogoro Rd,Dar es SalaamP.O Box 78783
Data approved: 2014-11-04
Data version: 3
Age of data: 117 months
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Product

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Product Details

Key Statistics
Outstanding portfolio (TZS)TZS 27,927,799,527
Portfolio (USD)USD 17,564,653.79
Active Clients with Loans9,944
Approximate % Female Clients20% - 40%
Approximate % Urban Clients80% - 100%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
This loan product is offered to registered businesses who can borrow loans between TZS 500,000 to 30,000,000.
Loan Purpose
Any purposex
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetings
Credit insurance
Workplace visitsx
Business training
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
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution14
# Regions for this product16
Regions ActiveArusha, Dar es Salaam, Dodoma, Iringa, Kagera, Kilimanjaro, Manyara, MaraMbeya, Morogoro, Mwanza, Pwani, Ruvuma, Shinyanga, Tabora, Tanga

Loan Conditions

Loan Amount
CurrencyTZS
Minimum loan sizeTZS 500,000
Maximum loan size30,000,000
Distribution at Disbursement (Est.)
Loans less than TZS 350,0000
TZS 350,000-1,250,00030%
TZS 1,250,000-2,000,00010%
TZS 2,000,000-3,000,00020%
TZS 3,000,000-4,000,00015%
Greater than TZS 4,000,00015%
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term18.0 months
Approx average9.9 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months20%
Between 7 and 9 months20%
Between 10 and 12 months30%
Between 13 and 18 months30%
Longer than 18 months0
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 interest3.00%
Highest quoted nominal interest5.00%
Reason(s) why interest rate variesLoan Size
Interest rate periodMonthly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionApplication Fee
% of loan amount - min0.50%
% of loan amount - max0.50%
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
This product has no upfront insurance fees
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

Business Loan samples
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
TZS 425,000 Generated 2015-02-01 6.0 months N/A TZS 79,520.75 60.4% 58.6% 1.8% 0.0% 0.0% 0.0% 60 - PDF
TZS 750,000 Generated 2015-02-01 9.0 months N/A TZS 203,764.51 59.9% 58.6% 1.3% 0.0% 0.0% 0.0% 60 - PDF
TZS 1,000,000 Generated 2015-02-01 12.1 months N/A TZS 359,724.80 59.6% 58.6% 1.0% 0.0% 0.0% 0.0% 60 - PDF
TZS 1,750,000 Generated 2015-02-01 18.0 months N/A TZS 954,488.33 59.3% 58.6% 0.7% 0.0% 0.0% 0.0% 61 - PDF
TZS 2,125,000 Generated 2015-02-01 6.0 months N/A TZS 397,603.75 60.4% 58.6% 1.8% 0.0% 0.0% 0.0% 60 - PDF
TZS 2,500,000 Generated 2015-02-01 12.1 months N/A TZS 899,312 59.6% 58.6% 1.0% 0.0% 0.0% 0.0% 60 - PDF
TZS 3,500,000 Generated 2015-02-01 18.0 months N/A TZS 1,908,976.66 59.3% 58.6% 0.7% 0.0% 0.0% 0.0% 61 - PDF
TZS 4,500,000 Generated 2015-02-01 18.0 months N/A TZS 2,454,398.56 59.3% 58.6% 0.7% 0.0% 0.0% 0.0% 61 - PDF
Business Loan Price Graphs


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# 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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