Institution Type | Bank |
Is this institution regulated? | Yes |
Website address | http://www.accessbank.co.tz/ |
Year established | 2007 |
Head of Institution | Roland Coulon |
Regions active | Dar es Salaam, Mwanza, Shinyanga, Tabora |
# Branches | 10 |
Total Portfolio (nat'l) | TZS 59,431,169,032 |
Total Portfolio (USD) | USD 37,378,093.73 |
Active clients with loans | 25,446 |
Approximate % female clients | 20% - 40% |
Approximate % urban clients | 80% - 100% |
Network affiliations | AccessBank Group |
Funders | Access Microfinance Holding AG ( AccessHolding), IFC, KfW, AfDB |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Business Loan | TZS 100,000 - 25,000,000 | 3 - 24 | 20% - 40% | 80% - 100% | Business | Women, Men, Have business, operating business atleast for six months | Credit Educ, Group Mtgs, Tech Asst Visits, Business Training | |||||||
Agroloan | TZS 100,000 - 25,000,000 | 3 - 18 | 0% - 20% | 0% - 20% | Business, Agriculture | Women, Men | Credit Educ, Tech Asst Visits |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Business Loan | 42.0%-66.0% annual, Decl Bal | 0 Fees | 0 Ins | None | N/A | 52.9% - 64.3% | 52.9% - 64.3% | 72 | ||||||||
Agroloan | 42.0%-54.0% annual, Decl Bal | 1 Fee | 0 Ins | None | N/A | 54% - 56.4% | 54% - 56.4% | 74 |
Outstanding portfolio (PHP) | PHP 7,264,101 |
Portfolio (USD) | USD 173,782.32 |
Active Clients with Loans | 137 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 80% - 100% |
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 | 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 | N/A |
# Regions for this product | N/A |
Regions Active |
Currency | PHP |
Minimum loan size | PHP 5,000 |
Maximum loan size | 150,000 |
Shortest loan term | 2.0 months |
Longest loan term | 6.0 months |
Approx average | 3.0 months |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | x |
Every 2 weeks | x |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 1.75% |
Highest quoted nominal interest | 1.75% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Service Fee | Notarial Fee | |
% of loan amount - min | 2.50% | 0 | |
% of loan amount - max | 2.50% | 0 | |
OR, Fixed amount - min | 0 | 100 | |
Fixed amount - max | 0 | 100 | |
Reason for variation | N/A | ||
Appears on Repayment Sched? | No | No |
Ins 1 | |
---|---|
Description | Micro-Insurance (Credit, AD & D, Health) |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 22.50 |
Fixed amount - max | 675 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | Yes |
Do borrowers control deposit in their group? |
% loan amount deposited | 0 |
or, Fixed-amount deposited | PHP 100 |
% loan amount deposited | 10.00% |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | Access During |
Minimum interest rate paid | 2.00% |
Maximum interest rate paid | 2.00% |
Interest payment frequency | Monthly |
Are taxes charged on this product? | Yes |
Percentage of fees | 0 |
All or some fees taxed | N/A |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | PHP 8,000 | PHP 15,000 | PHP 30,000 | PHP 60,000 | PHP 85,000 | PHP 130,000 | |||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | 2 | 1 | |||||
Disbursement Date | 2011-03-04 | 2011-01-26 | 2011-04-07 | 2011-03-03 | 2011-04-15 | 2011-04-28 | |||||
Loan Term (Months) | 2.8 months | 4.0 months | 2.8 months | 2.8 months | 2.8 months | 2.8 months | |||||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||||
Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
True Price by Comp | |||||||||||
Interest and Fee Component | 73.1% | 59.1% | 62.4% | 63.8% | 59.4% | 58.8% | |||||
Insurance Component | 3.9% | 3.8% | 3.8% | 3.9% | 3.6% | 3.6% | |||||
Tax Component | 1.1% | 1.0% | 1.1% | 0.0% | 1.0% | 1.0% | |||||
Deposit Component | 2.1% | 3.3% | -0.5% | -0.7% | -1.0% | -7.9% | |||||
Full APR (int fee ins tax dep) | 80.2% | 67.1% | 66.8% | 67.0% | 63.0% | 55.4% | |||||
Transparency Index | 26 | 31 | 31 | 31 | 33 | 38 | |||||
Original Repayment Schedule | |||||||||||
MFT Pricing Calculation |
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% Products with one or more insurances | |
% Products with compulsory deposits |
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