F & K Finance - Small and Medium Enterprise Loan - MFTransparency.org Truth In Lending Tables

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Institution

F & K Finance Dar Es SalaamTanzaniaPO Box 7242

Data approved: 2011-12-18

Data version: 1

Age of data: 158 months

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Product

Small and Medium Enterprise Loan Product 1 of 1 « Prev | Next »

Product Details

Key Statistics

Outstanding portfolio (TZS)	TZS 61,410,000
Portfolio (USD)	USD 38,622.64
Active Clients with Loans	69
Approximate % Female Clients	60% - 80%
Approximate % Urban Clients	0% - 20%

Methodology

Individual	x
Solidarity group	x
Village banking
Self help group
Other

Description

Loan for business of small enterprises

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	x
Workplace visits
Business training
Other training
Other
Other (2)
No other services

Eligibility

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)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	N/A
# Regions for this product	N/A
Regions Active

Loan Conditions

Loan Amount

Currency	TZS
Minimum loan size	TZS 100,000
Maximum loan size	1,500,000

Loan Term and Grace Period

Shortest loan term	1.0 month
Longest loan term	3.0 months
Approx average	3.0 months

Distribution at Disbursement (Est.)

Loans 3 months or less	100%
Between 4 and 6 months	0
Between 7 and 9 months	0
Between 10 and 12 months	0
Between 13 and 18 months	0
Longer than 18 months	0

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

Daily
Weekly	x
Every 2 weeks
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest

Lowest quoted nominal interest	5.00%
Highest quoted nominal interest	5.00%
Interest rate period	Monthly
Interest Rate Calculation Method	Flat
Subsidized by funder request?	No
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1
Description	Processing Fee
% of loan amount - min	0
% of loan amount - max	0
OR, Fixed amount - min	10,000
Fixed amount - max	10,000
Reason for variation	N/A
Appears on Repayment Sched?	No

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

This product has no upfront insurance fees

Ongoing Insurance Fees

	Ins 1
Description	Insurance Fee
% of loan amount - min	1.00%
% of loan amount - max	1.00%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	N/A
Appears on Repayment Sched?	No

Compulsory Deposit

Required for	All
Criteria	N/A
Is deposit indicated on the repayment schedule?
Do borrowers control deposit in their group?

Deposit BEFORE or AT Disbursement

% loan amount deposited	20.00%
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	0
Maximum interest rate paid	0
Interest payment frequency	N/A

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Full Pricing Data

Small and Medium Enterprise Loan samples

	Sample 1	Sample 2	Sample 3	Sample 4
Loan Amount	TZS 100,000	TZS 300,000	TZS 500,000	TZS 1,000,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known	Not Known
Disbursement Date	2011-05-16	2011-05-25	2011-05-28	2011-05-19
Loan Term (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
Total Cost of Credit	Not Known	Not Known	Not Known	Not Known
True Price by Comp
Interest and Fee Component	208.3%	141.6%	133.0%	124.3%
Insurance Component	10.1%	8.8%	8.9%	8.7%
Tax Component	0.0%	0.0%	0.0%	0.0%
Deposit Component	117.9%	76.6%	72.9%	68.0%
Full APR (int fee ins tax dep)	336.3%	227.0%	214.8%	201.0%
Transparency Index	18	26	28	30

Original Repayment Schedule	PDF	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF	PDF

Small and Medium Enterprise 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

	X Axis
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N (# of Samples)
Total Borrrowers of Samples


Avg
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By Country

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