2. Duterimbere
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
  2. MDF Tanzania
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

Duterimbere - IMF Head OfficeKigaliPO Box 6719
Data approved: 2012-09-27
Data version: 2
Age of data: 143 months
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Institution

Micro Entrepreneurs Development Foundation Micro Entrepreneurs Development FoundationDar Es SalaamP.O. Box 24581
Data approved: 2013-08-06
Data version: 1
Age of data: 135 months

Product

Group Solidaire Commerce Loan Product 3 of 3 « Prev | Next »

Product

Group Loan Product 1 of 1 « Prev | Next »

Product Summary

Number borrowers1,750
Loan Amount (range)RWF 100,000 - 2,500,000
Loan Term (range)6 - 8
Other Services (text summary)Group Mtgs, Tech Asst Visits, Business Training, Other Training
Annual Interest & Method24.00% annual, Flat
Fees1.00% upfront
InsuranceNone
Tax18.00% fees
Comp Dep20.00% upfront
Range of pricing 
Interest Price Component26.1% - 45.7%
Fee Component1.1% - 4.1%
Insurance Component0 - 0.4%
Tax Component Range0.3% - 0.8%
Full APR (int fee ins tax dep)78.9% - 85.4%
Transparency Index (min/max)28 - 54
Transparency Index (average)29

Product Summary

606
TZS 100,000 - 5,000,000
3 - 12
Credit Educ, Group Mtgs, Tech Asst Visits, Business Training
36.0%-48.0% annual, Flat
2.50%-3.00% upfront 15,000.00 upfront
2.00% upfront
None
10.0%-20.0% upfront 1,500.00-2000.00 ongoing
 
84.8% - 90.8%
7.3% - 97.4%
6.0% - 12.6%
0
154.9% - 299.1%
12 - 23
19

Product Details

Key Statistics
Outstanding portfolio (RWF)RWF 155,678,906
Portfolio (USD)USD 243,248.29
Active Clients with Loans1,750
Approximate % Female Clients60% - 80%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Ce sont des credits solidaires accordes aux associations ou groupes de solidarite ou chacun des menbres a la responsabilite conjointe du credit octroye a son groupe de solidarite ou association. Il finance les petits commerces
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetingsx
Credit insurance
Workplace visitsx
Business trainingx
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
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution18
# Regions for this product21
Regions ActiveBurera, Gakenke, Gasabo, Gatsibo, Gisagara, Huye, KamonyiKayonza, Kicukiro, Kirehe, Muhanga, Musanze, Ngororero, Nyabihu, Nyagatare, Nyanza, Nyarugenge, Rubavu, Ruhango, Rulindo, Rusizi

Product Details

Key Statistics
Outstanding portfolio (TZS)TZS 236,174,979
Portfolio (USD)USD 148,537.72
Active Clients with Loans606
Approximate % Female Clients80% - 100%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity groupx
Village banking
Self help group
Other
Description
This product is based on the group methodology and each group consists at least three members.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculturex
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurance
Workplace visitsx
Business trainingx
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 institution2
# Regions for this product2
Regions ActiveDar es Salaam, Pwani

Loan Conditions

Loan Amount
CurrencyRWF
Minimum loan sizeRWF 100,000
Maximum loan size2,500,000
Distribution at Disbursement (Est.)
Loans less than RWF 500,00060%
RWF 500,000-1,500,00030%
RWF 1,500,000-2,500,00010%
RWF 2,500,000-3,500,0000
RWF 3,500,000-4,500,0000
Greater than RWF 4,500,0000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term8.0 months
Approx average8.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months20%
Between 7 and 9 months80%
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
Weekly
Every 2 weeksx
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyTZS
Minimum loan sizeTZS 100,000
Maximum loan size5,000,000
Distribution at Disbursement (Est.)
Loans less than TZS 350,00040%
TZS 350,000-1,250,00040%
TZS 1,250,000-2,000,00015%
TZS 2,000,000-3,000,0005%
TZS 3,000,000-4,000,0000
Greater than TZS 4,000,0000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term12.0 months
Approx average1.3 months
Distribution at Disbursement (Est.)
Loans 3 months or less30%
Between 4 and 6 months40%
Between 7 and 9 months20%
Between 10 and 12 months10%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage100%
Average grace period0.2 months
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 interest2.00%
Highest quoted nominal interest2.00%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionCommission Fee
% of loan amount - min1.00%
% of loan amount - max1.00%
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 forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?No
Deposit BEFORE or AT Disbursement
% loan amount deposited20.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited10.00%
or, Fixed-amount deposited0
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?Yes
Percentage of fees18%
All or some fees taxedSome

Pricing Information

Interest
Lowest quoted nominal interest3.00%
Highest quoted nominal interest4.00%
Reason(s) why interest rate variesTime as Client
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?Yes
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionLoan Processing FeeMembership Fee
% of loan amount - min2.50%0
% of loan amount - max3.00%0
OR, Fixed amount - min015,000
Fixed amount - max015,000
Reason for variationLoans <2,000,000 =3%, loans>2,000,000 =2.5%Only on first cycle loans.
Appears on Repayment Sched?YesYes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionDeath Recovery Insurance 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?Yes
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaUpfront: 1st cycle =10%. Multiple cycle =20%. Ongoing = 1st & 2nd cycle = 1500 TZS each week. 3rd cycle onward = 2000 TZS each week.
Is deposit indicated on the repayment schedule?Yes
Do borrowers control deposit in their group?Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited10.00% - 20.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount depositedTZS 1,500 - TZS 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

Group Solidaire Commerce Loan samples
Sample 1Sample 2Sample 3
Loan AmountRWF 100,000RWF 200,000RWF 300,000
Loan Cycle (1, 2, 3, etc)12Not Known
Disbursement Date2012-04-232012-03-082012-03-27
Loan Term (Months)5.6 months6.0 months7.0 months
Grace Period (Months)0.5 months0.5 months0.5 months
Total Cost of CreditRWF 13,180RWF 26,360RWF 45,540
True Price by Comp     
Interest price component45.7%42.3%42.7%
Fee Component4.1%3.8%3.3%
Insurance Component0.0%0.0%0.0%
Tax Component0.8%0.7%0.6%
Deposit Component34.8%32.7%32.3%
Full APR (int fee ins tax dep)85.4%79.5%78.9%
Transparency Index283030
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF

Full Pricing Data

Group Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountTZS 100,000TZS 300,000TZS 500,000TZS 1,000,000TZS 2,000,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2013-07-242013-05-132013-04-262013-07-182013-02-25
Loan Term (Months)4.9 months5.8 months4.9 months8.0 months9.0 months
Grace Period (Months)0.2 months0.2 months0.2 months0.2 months0.0 months
Total Cost of CreditTZS 40,000TZS 87,000TZS 125,000TZS 370,000TZS 890,000
True Price by Comp         
Interest price component84.8%85.7%84.8%86.3%90.8%
Fee Component97.4%12.6%14.5%9.9%7.3%
Insurance Component12.6%8.6%10.1%6.9%6.0%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component104.3%75.0%64.5%55.0%50.8%
Full APR (int fee ins tax dep)299.1%181.9%173.9%158.1%154.9%
Transparency Index1220212323
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF
Group Solidaire Commerce 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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X Axis
Greater than:
Less or equal to:
N (# of Samples)
Total Borrrowers of Samples
Avg
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Std Dev
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By Country

Total Borrowers of Samples

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