| Outstanding portfolio (TZS) | TZS 323,656,000 |
| Portfolio (USD) | USD 203,557.23 |
| Active Clients with Loans | 1,342 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 20% - 40% |
| Individual | |
| Solidarity group | x |
| 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 | x |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | 3 |
| # Regions for this product | 5 |
| Regions Active | Arusha, Dar es Salaam, Mwanza, Tanga, Zanzibar Central/South |
| Currency | TZS |
| Minimum loan size | TZS 50,000 |
| Maximum loan size | 2,000,000 |
| Loans less than TZS 350,000 | 30% |
| TZS 350,000-1,250,000 | 50% |
| TZS 1,250,000-2,000,000 | 20% |
| TZS 2,000,000-3,000,000 | 0 |
| TZS 3,000,000-4,000,000 | 0 |
| Greater than TZS 4,000,000 | 0 |
| Shortest loan term | 3.0 months |
| Longest loan term | 12.0 months |
| Approx average | 6.0 months |
| Loans 3 months or less | 5% |
| Between 4 and 6 months | 60% |
| Between 7 and 9 months | 20% |
| Between 10 and 12 months | 15% |
| 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 |
| 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 | Fee 2 | ||
|---|---|---|---|
| Description | Registration Fee | Application Fee | |
| % of loan amount - min | 1.00% | 0 | |
| % of loan amount - max | 1.00% | 0 | |
| OR, Fixed amount - min | 0 | 3,000 | |
| Fixed amount - max | 0 | 3,000 | |
| Reason for variation | N/A | N/A | |
| Appears on Repayment Sched? | No | No |
| Ins 1 | |
|---|---|
| Description | Loan Insurance Fund |
| % 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? | Yes |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | No |
| Do borrowers control deposit in their group? | Yes |
| % loan amount deposited | 10.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 2.00% |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | End Term |
| Minimum interest rate paid | 0 |
| Maximum interest rate paid | 0 |
| Interest payment frequency | N/A |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | TZS 200,000 | TZS 300,000 | TZS 500,000 | TZS 1,500,000 | TZS 2,000,000 | ||||
| Loan Cycle (1, 2, 3, etc) | 3 | 1 | 2 | 3 | 4 | ||||
| Disbursement Date | 2013-01-11 | 2013-01-11 | 2013-02-08 | 2013-01-28 | 2013-01-28 | ||||
| Loan Term (Months) | 6.0 months | 6.0 months | 6.0 months | 6.0 months | 6.0 months | ||||
| Grace Period (Months) | 0.0 months | 0.0 months | -0.1 months | 0.0 months | 0.0 months | ||||
| Total Cost of Credit | TZS 37,000 | TZS 54,000 | TZS 88,000 | TZS 258,000 | TZS 343,000 | ||||
| True Price by Comp | |||||||||
| Interest price component | 49.9% | 49.9% | 49.6% | 49.1% | 49.1% | ||||
| Fee Component | 9.2% | 7.3% | 5.8% | 4.4% | 4.2% | ||||
| Insurance Component | 3.8% | 3.8% | 3.7% | 3.6% | 3.7% | ||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Deposit Component | 12.9% | 12.5% | 12.3% | 11.8% | 11.7% | ||||
| Full APR (int fee ins tax dep) | 75.8% | 73.5% | 71.4% | 68.9% | 68.7% | ||||
| Transparency Index | 40 | 41 | 42 | 44 | 44 | ||||
| Original Repayment Schedule | |||||||||
| MFT Pricing Calculation |
| Institution Type | Non-Governmental Organization |
| Is this institution regulated? | No |
| Website address | http://www.ashi.org.ph/ |
| Year established | 1991 |
| Head of Institution | Mila Mercado-Bunker |
| Regions active | |
| # Branches | 21 |
| Total Portfolio (nat'l) | PhP 238,006,978 |
| Total Portfolio (USD) | USD 5,693,946.84 |
| Active clients with loans | 31,322 |
| Approximate % female clients | 80% - 100% |
| Approximate % urban clients | 20% - 40% |
| Network affiliations | Microfinance Council of the Philippines, Social Performance Taskforce, Social Performance Network, Grameen Global Network |
| Funders | TRIAS, PCFC, Peace & Equity Foundation, KIVA |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Center Loan | PHP 1,000 - 50,000 | 6 - 24 | 80% - 100% | 20% - 40% | Other, Payment of past due of willful member | Women | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training | |||||||
| Educational Loan | PHP 3,000 - 20,000 | 6 - 24 | 80% - 100% | 20% - 40% | Education | Women | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training | |||||||
| General Loan | PHP 3,000 - 50,000 | 6 - 24 | 80% - 100% | 20% - 40% | Business | Women | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Life Insurance | |||||||
| Group Fund Loan | PHP 700 - 49,000 | 2 - 6 | 80% - 100% | 20% - 40% | Other | Women | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training | |||||||
| House Repair Loan | PHP 3,000 - 20,000 | 6 - 24 | 80% - 100% | 20% - 40% | Housing | Women | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training | |||||||
| Recovery Loan | PHP 3,000 - 3,000 | 6 | 80% - 100% | 20% - 40% | Business | Women | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Center Loan | 25.0% annual, Flat | 0 Fees | 0 Ins | None | N/A | 33.1% - 44.3% | 33.1% - 44.3% | 65 | ||||||||
| Educational Loan | 25.0% annual, Flat | 0 Fees | 0 Ins | None | N/A | 47.3% - 48.4% | 47.3% - 48.4% | 52 | ||||||||
| General Loan | 25.0% annual, Flat | 1 Fee | 2 Ins | None | 5.00 upfront 5.00 ongoing | 70.1% | 72.1% - 106.2% | 31 | ||||||||
| Group Fund Loan | 0.0% annual, Flat | 1 Fee | 0 Ins | None | N/A | 17.3% - 19.8% | 17.3% - 40.9% | 0 | ||||||||
| House Repair Loan | 25.0% annual, Flat | 0 Fees | 0 Ins | None | N/A | 47.3% - 47.6% | 47.3% - 47.6% | 53 | ||||||||
| Recovery Loan | 25.0% annual, Flat | 0 Fees | 0 Ins | None | None | 47.3% - 48.4% | 47.3% - 48.4% | 52 |
| Key Statistics | |
|---|---|
| # Samples: | |
| # Products | |
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| # 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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