Outstanding portfolio (RWF) | RWF 1,057,365 |
Portfolio (USD) | USD 1,652.13 |
Active Clients with Loans | 68 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 0% - 20% |
Individual | |
Solidarity group | x |
Village banking | |
Self help group | |
Other | Big Cooperatives, usually 1000 members or more |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
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 | x |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | 16 |
# Regions for this product | 20 |
Regions Active | Bugesera, Burera, Gakenke, Gasabo, Gatsibo, Gicumbi, HuyeKayonza, Kicukiro, Kirehe, Musanze, Ngoma, Ngororero, Nyabihu, Nyamagabe, Nyarugenge, Nyaruguru, Rubavu, Rulindo, Rwamagana |
Currency | RWF |
Minimum loan size | RWF 500,000 |
Maximum loan size | 2,000,000 |
Loans less than RWF 500,000 | 30% |
RWF 500,000-1,500,000 | 40% |
RWF 1,500,000-2,500,000 | 30% |
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 | 24.0 months |
Approx average | 8.0 months |
Loans 3 months or less | 30% |
Between 4 and 6 months | 20% |
Between 7 and 9 months | 30% |
Between 10 and 12 months | 20% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 70% |
Average grace period | 6.0 months |
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 | x |
Lowest quoted nominal interest | 2.50% |
Highest quoted nominal interest | 2.50% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Commission Fee |
% of loan amount - min | 3.00% |
% of loan amount - max | 3.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Insurance Fee |
% of loan amount - min | 1.50% |
% of loan amount - max | 1.50% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | 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? | No |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | RWF 120,000 | RWF 200,000 | RWF 4,000,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2011-01-19 | 2011-01-19 | 2010-07-29 | ||
Loan Term (Months) | 6.0 months | 6.0 months | 8.0 months | ||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
Total Cost of Credit | Not Known | Not Known | Not Known | ||
True Price by Comp | |||||
Interest and Fee Component | 37.4% | 37.4% | 59.1% | ||
Insurance Component | 3.8% | 3.8% | 4.6% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 41.2% | 41.2% | 63.7% | ||
Transparency Index | 73 | 73 | 47 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Institution | # Borrowers | Portfolio (US$) | Products | Age of Data |
---|---|---|---|---|
ABT | 25,400 | 37,378,000 | 2 | 121 |
AKIBA | 26,900 | 36,852,000 | 4 | 134 |
BELITA | 5,800 | 492,000 | 1 | 134 |
BRAC Tanzania | 102,300 | 19,663,000 | 2 | 134 |
F & K Finance | 0 | 38,000 | 1 | 157 |
FINCA Tanzania | 78,400 | 31,517,000 | 3 | 117 |
FMFC | 1,500 | 392,000 | 6 | 134 |
K-Finance Ltd | 1,000 | 264,000 | 2 | 134 |
Mbinga | 1,000 | 2,986,000 | 3 | 134 |
MCBL | 3,600 | 2,837,000 | 6 | 134 |
MDF Tanzania | 600 | 148,000 | 1 | 134 |
NMB | 45,100 | 74,528,000 | 1 | 134 |
Opportunity | 8,600 | 3,018,000 | 3 | 134 |
PRIDE Tanzania | 104,400 | 33,321,000 | 3 | 134 |
PTF | - | N/A | 134 | |
Selfina | 8,000 | 3,773,000 | 2 | 157 |
Tujijenge Tanzania | 10,000 | 2,060,000 | 4 | 134 |
VF^Tanzania | 34,390 | 7,613,000 | 4 | 128 |
Victoria | 100 | 377,000 | 3 | 157 |
YOSEFO | 17,100 | 2,211,000 | 3 | 157 |
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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