Number borrowers | 76 |
Loan Amount (range) | RWF 100,000 - 2,000,000 |
Loan Term (range) | 3 - 12 |
Other Services (text summary) | Credit Educ, Business Training, Education Finance |
Annual Interest & Method | 24.00%-60.00% annual, Decl Bal |
Fees | 2 fees |
Insurance | 0.08%-2.32% upfront |
Tax | None |
Comp Dep | 20.00% upfront |
Range of pricing | |
Interest Price Component | 17.6% - 57.8% |
Fee Component | 2.1% - 20.3% |
Insurance Component | 0.3% - 0.7% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 42.5% - 110.7% |
Transparency Index (min/max) | 22 - 80 |
Transparency Index (average) | 35 |
271 |
TZS 500,000 - 5,000,000 |
12 |
Business Training |
30.00% annual, Decl Bal |
2.00% upfront |
0.65% upfront |
None |
15.00% upfront |
29.1% - 53.4% |
1.5% - 8.5% |
0.5% - 2.8% |
0 |
40.1% |
25 - 75 |
74 |
Outstanding portfolio (RWF) | RWF 119,052,448 |
Portfolio (USD) | USD 186,019.45 |
Active Clients with Loans | 76 |
Approximate % Female Clients | 0% - 20% |
Approximate % Urban Clients | 0% - 20% |
Individual | x |
Solidarity group | x |
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 | x |
Other training | |
Other | Education Finance |
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 | 6 |
# Regions for this product | 7 |
Regions Active | Burera, Gakenke, Musanze, Ngororero, Nyabihu, Rubavu, Rutsiro |
Outstanding portfolio (TZS) | TZS 387,620,453 |
Portfolio (USD) | USD 243,786.45 |
Active Clients with Loans | 271 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 0% - 20% |
Individual | x |
Solidarity group | |
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 | |
Credit insurance | |
Workplace visits | |
Business training | x |
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 | 1 |
# Regions for this product | 1 |
Regions Active | Kilimanjaro |
Currency | RWF |
Minimum loan size | RWF 100,000 |
Maximum loan size | 2,000,000 |
Loans less than RWF 500,000 | 20% |
RWF 500,000-1,500,000 | 40% |
RWF 1,500,000-2,500,000 | 40% |
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 | 3.0 months |
Longest loan term | 12.0 months |
Approx average | 6.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 30% |
Between 7 and 9 months | 20% |
Between 10 and 12 months | 50% |
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 | |
Every 12 months | |
Single end payment | |
Irregular payments |
Currency | TZS |
Minimum loan size | TZS 500,000 |
Maximum loan size | 5,000,000 |
Loans less than TZS 350,000 | 0 |
TZS 350,000-1,250,000 | 20% |
TZS 1,250,000-2,000,000 | 20% |
TZS 2,000,000-3,000,000 | 20% |
TZS 3,000,000-4,000,000 | 20% |
Greater than TZS 4,000,000 | 20% |
Shortest loan term | 12.0 months |
Longest loan term | 12.0 months |
Approx average | 12.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 100% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 100% |
Average grace period | 3.0 months |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | x |
Every 6 months | x |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 2.00% |
Highest quoted nominal interest | 5.00% |
Reason(s) why interest rate varies | Loan Purpose |
Interest rate period | Monthly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Commission | Paper Fee | |
% of loan amount - min | 2.00% | 0 | |
% of loan amount - max | 2.00% | 0 | |
OR, Fixed amount - min | 0 | 1,500 | |
Fixed amount - max | 0 | 1,500 | |
Reason for variation | N/A | N/A | |
Appears on Repayment Sched? | No | No |
Ins 1 | |
---|---|
Description | Insurance |
% of loan amount - min | 0.08% |
% of loan amount - max | 2.32% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Depends on client age & loan term |
Appears on Repayment Sched? | No |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | No |
Do borrowers control deposit in their group? | No |
% loan amount deposited | 20.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | Access During |
Minimum interest rate paid | 6.00% |
Maximum interest rate paid | 6.00% |
Interest payment frequency | Monthly |
Are taxes charged on this product? | No |
Lowest quoted nominal interest | 2.50% |
Highest quoted nominal interest | 2.50% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Loan Facility / Set Up Fee |
% 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 |
Ins 1 | |
---|---|
Description | Credit Life Assurance |
% of loan amount - min | 0.65% |
% of loan amount - max | 0.65% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Required for | Some |
Criteria | For those withought frequent deposits |
Is deposit indicated on the repayment schedule? | No |
Do borrowers control deposit in their group? | No |
% loan amount deposited | 15.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | End Term |
Minimum interest rate paid | 5.00% |
Maximum interest rate paid | 5.00% |
Interest payment frequency | Monthly |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | RWF 120,000 | RWF 200,000 | RWF 500,000 | RWF 1,300,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2012-07-10 | 2012-11-12 | 2012-10-15 | 2012-08-01 | |||
Loan Term (Months) | 3.1 months | 3.1 months | 6.0 months | 15.0 months | |||
Grace Period (Months) | 1.0 month | 3.1 months | 1.0 month | 1.0 month | |||
Total Cost of Credit | RWF 16,035 | RWF 29,725 | RWF 47,344 | RWF 238,425 | |||
True Price by Comp | |||||||
Interest price component | 57.8% | 45.0% | 23.7% | 23.7% | |||
Fee Component | 20.3% | 11.1% | 8.3% | 3.6% | |||
Insurance Component | 0.7% | 0.4% | 0.6% | 0.3% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 31.9% | 13.5% | 16.2% | 14.9% | |||
Full APR (int fee ins tax dep) | 110.7% | 70.0% | 48.8% | 42.5% | |||
Transparency Index | 22 | 34 | 49 | 57 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 4 | |||
---|---|---|---|---|---|
Loan Amount | TZS 700,000 | TZS 1,000,000 | TZS 3,000,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-01-11 | 2013-01-22 | 2013-01-15 | ||
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 186,550 | TZS 266,500 | TZS 799,500 | ||
True Price by Comp | |||||
Interest price component | 29.1% | 29.1% | 29.1% | ||
Fee Component | 2.8% | 2.8% | 2.8% | ||
Insurance Component | 0.9% | 0.9% | 0.9% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 7.3% | 7.3% | 7.3% | ||
Full APR (int fee ins tax dep) | 40.1% | 40.1% | 40.1% | ||
Transparency Index | 75 | 75 | 75 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Key Statistics | |
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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 |
Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
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