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
Data approved: 2013-04-09
Data version: 2
Age of data: 134 months
Key Statistics
| 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% |
Methodology
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other | |
Description
These are loans meant for people who are involved in income generating agricultural activities
Loan Purpose
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) | |
Included Services
| Credit education | |
| Group meetings | |
| Credit insurance | |
| Workplace visits | |
| Business training | x |
| Other training | |
| Other | |
| Other (2) | |
| No other services | |
Eligibility
| 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) | |
Portfolio Size by Product
Geographic Coverage
| # Regions for this institution | 1 |
| # Regions for this product | 1 |
| Regions Active | Kilimanjaro |
Loan Conditions
Loan Amount
| Currency | TZS |
| Minimum loan size | TZS 500,000 |
| Maximum loan size | 5,000,000 |
Distribution at Disbursement (Est.)
| 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% |
Loan Term and Grace Period
| Shortest loan term | 12.0 months |
| Longest loan term | 12.0 months |
| Approx average | 12.0 months |
Distribution at Disbursement (Est.)
| 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
| Grace period usage | 100% |
| Average grace period | 3.0 months |
Repayment Frequency
| 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 | |
Pricing Information
Interest
| 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 |
Upfront Fees
| 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 |
Ongoing Fees
This product has no ongoing feesUpfront Insurance Fees
| 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 |
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
| 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 |
Deposit BEFORE or AT Disbursement
| % loan amount deposited | 15.00% |
| or, Fixed-amount deposited | 0 |
Deposits DURING period payments
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | End Term |
Interest Paid on Deposit
| Minimum interest rate paid | 5.00% |
| Maximum interest rate paid | 5.00% |
| Interest payment frequency | Monthly |
Taxes
| Are taxes charged on this product? | No |
Additional Comments
Disbursements for agricultural loans usually take place around September to November
Full Pricing Data
Agriculture Loans samples
| 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 | PDF | | PDF | | PDF |
| MFT Pricing Calculation | PDF | | PDF | | PDF |
Agriculture Loans Price Graphs
