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

Data approved: 2012-10-05
Data version: 2
Age of data: 143 months

Institution Details

Institution TypeCredit Union / Cooperative
Is this institution regulated?Yes
Website addressN/A
Year established2007
Head of InstitutionJean Louis Musoni
Regions activeGasabo, Kicukiro, Nyarugenge
# Branches3

Total Portfolio (nat'l)RWF 518,625,185
Total Portfolio (USD)USD 823,214.58
Active clients with loans511
Approximate % female clients40% - 60%
Approximate % urban clients0% - 20%
Network affiliationsAMIR
FundersYouth Ministry, National Youth Council, Districts

Loan Products » Summary

233 Borrowers
USD 185,457 Portfolio
Active Product
175 Borrowers
USD 303,986 Portfolio
Active Product
68 Borrowers
USD 91,782 Portfolio
Active Product
67 Borrowers
USD 57,775 Portfolio
Active Product
22 Borrowers
USD 117,097 Portfolio
Low Volume Product
44 Borrowers
USD 68,647 Portfolio
Low Volume 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
Autres Loan RWF 50,000 - 3,000,000 3 - 24 0% - 20% 40% - 60% Consumer, Education, Other Women, Men Credit Educ
Trade Loan RWF 300,000 - 5,000,000 1 - 24 0% - 20% 60% - 80% Business Women, Men, Have business, other cooperative, SME's Credit Educ, Business Training
Transport Loan RWF 500,000 - 5,000,000 12 - 36 0% - 20% 40% - 60% Business Women, Men Credit Educ
Salary Advance Loan RWF 50,000 - 3,000,000 3 - 24 0% - 20% 80% - 100% Any Purpose Women, Men, Salaried worker Credit Educ

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Autres Loan 48.00% annual, Decl Bal 2 Fees 1 Ins None N/A 26.3% - 76.1% 26.3% - 76.1% 88
Trade Loan 18.00%-36.00% annual, Decl Bal 2 Fees 1 Ins None 25.00% upfront 26.4% - 31.4% 44.8% - 54.5% 37
Transport Loan 16.00%-18.00% annual, Decl Bal 2 Fees 0 Ins None 25.00% upfront 24.5% - 29.1% 38.9% - 48.6% 38
Salary Advance Loan 15.00%-24.00% annual, Decl Bal 2 Fees 0 Ins None N/A 15.9% - 28.2% 15.9% - 28.2% 61
Institution Price Graph
Please note that the information you are viewing is 134 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Better Life for Tanzanians Trust Fund Block B Kinyerezi, Plot No. 1543Dar es SalaamP.O Box 62626
Data approved: 2013-03-25
Data version: 2
Age of data: 134 months

Product

Small and Medium Enterprise Loan Product 1 of 1 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (TZS)TZS 782,975,645
Portfolio (USD)USD 492,437.51
Active Clients with Loans5,882
Approximate % Female Clients60% - 80%
Approximate % Urban Clients20% - 40%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
For individuals with micro-businesses
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visits
Business training
Other trainingx
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
Other18 and above
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution2
# Regions for this product2
Regions ActiveDar es Salaam, Pwani

Loan Conditions

Loan Amount
CurrencyTZS
Minimum loan sizeTZS 50,000
Maximum loan size15,000,000
Distribution at Disbursement (Est.)
Loans less than TZS 350,00040%
TZS 350,000-1,250,00020%
TZS 1,250,000-2,000,00015%
TZS 2,000,000-3,000,00010%
TZS 3,000,000-4,000,0005%
Greater than TZS 4,000,0005%
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term8.0 months
Approx average6.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less20%
Between 4 and 6 months40%
Between 7 and 9 months40%
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
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 interest4.00%
Highest quoted nominal interest8.00%
Reason(s) why interest rate variesBranch, Time as Client, Loan Size, Client Risk, Loan term
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionLoan Processing Fee
% of loan amount - min2.00%
% of loan amount - max2.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionCredit Insurance
% of loan amount - min1.50%
% of loan amount - max1.50%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?Yes
Do borrowers control deposit in their group?No
Deposit BEFORE or AT Disbursement
% loan amount deposited25.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount depositedTZS 2,000
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid0
Maximum interest rate paid0
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Full Pricing Data

Small and Medium Enterprise Loan samples
Sample 1Sample 3Sample 4Sample 5Sample 6
Loan AmountTZS 100,000TZS 500,000TZS 1,000,000TZS 3,000,000TZS 5,000,000
Loan Cycle (1, 2, 3, etc)24578
Disbursement Date2013-01-042013-02-082013-02-122013-01-222013-03-15
Loan Term (Months)2.8 months7.0 months12.0 months8.0 months7.0 months
Grace Period (Months)0.0 months0.0 months-0.1 months0.0 months0.0 months
Total Cost of CreditTZS 15,500.49TZS 137,502.63TZS 355,000TZS 887,160TZS 1,375,026.30
True Price by Comp         
Interest price component93.9%70.5%54.0%64.5%70.5%
Fee Component17.1%6.9%4.2%5.8%6.9%
Insurance Component13.1%5.3%3.1%4.5%5.3%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component169.2%78.7%40.0%46.1%59.5%
Full APR (int fee ins tax dep)293.3%161.4%101.3%120.9%142.2%
Transparency Index1630474034
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF
Small and Medium Enterprise 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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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