| Institution Type | Non Bank Financial Institution |
| Is this institution regulated? | No |
| Website address | N/A |
| Year established | 2010 |
| Head of Institution | Thaddeo W. Mashera |
| Regions active | Arusha, Dar es Salaam, Mwanza |
| # Branches | 5 |
| Total Portfolio (nat'l) | TZS 800,400,221 |
| Total Portfolio (USD) | USD 503,396.37 |
| Active clients with loans | 1,538 |
| Approximate % female clients | 60% - 80% |
| Approximate % urban clients | 20% - 40% |
| Network affiliations | TAMFI |
| Funders | Gatsby Charity Fund, Tanzania Gatsby Trust |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jamii Loan | TZS 50,000 - 2,000,000 | 3 - 12 | 60% - 80% | 20% - 40% | Business | Women, Men, Have business | Business Training | |||||||
| Personal Loan | TZS 1,000,000 - 10,000,000 | 6 - 24 | 40% - 60% | 40% - 60% | Business | Women, Men, Have business | 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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jamii Loan | 30.00% annual, Flat | 2 Fees | 1 Ins | None | 10.00% upfront | 53.3% - 59.1% | 68.7% - 75.8% | 41 | ||||||||
| Personal Loan | 24.00% annual, Flat | 2 Fees | 1 Ins | None | 15.00% upfront | 42.8% - 47.5% | 57.5% - 66.4% | 38 |
| Outstanding portfolio (PHP) | PHP 10,000,000 |
| Portfolio (USD) | USD 239,234.45 |
| Active Clients with Loans | 2,200 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 20% - 40% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | x |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| Credit insurance | |
| Workplace visits | x |
| Business training | x |
| Other training | x |
| Other | |
| Other (2) | |
| No other services |
| Men | x |
| Women | x |
| Must run a business | x |
| Must own a home or land | x |
| Must be a salaried worker | |
| Must be specific age group | x |
| Other | |
| Other (2) |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Currency | PHP |
| Minimum loan size | PHP 30,000 |
| Maximum loan size | 150,000 |
| Shortest loan term | 3.0 months |
| Longest loan term | 12.0 months |
| Approx average | 0 |
| Grace period usage | 0 |
| Average grace period | 0 |
| 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 |
| Lowest quoted nominal interest | 20.00% |
| Highest quoted nominal interest | 20.00% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Service Fee |
| % of loan amount - min | 4.00% |
| % of loan amount - max | 4.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | |
| Appears on Repayment Sched? | No |
| Ins 1 | |
|---|---|
| Description | Loan Redemption Fee |
| % of loan amount - min | 2.50% |
| % of loan amount - max | 2.50% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | |
| Do borrowers control deposit in their group? |
| % loan amount deposited | 5.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | PHP 50 |
| Conditions on access to deposit | Access During |
| Minimum interest rate paid | 4.00% |
| Maximum interest rate paid | 5.00% |
| Interest payment frequency | Quarterly |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | PHP 30,000 | PHP 50,000 | PHP 70,000 | PHP 150,000 | |||
| Loan Cycle (1, 2, 3, etc) | 5 | 17 | 18 | 22 | |||
| Disbursement Date | 2011-06-07 | 2011-07-14 | 2011-07-12 | 2011-06-29 | |||
| Loan Term (Months) | 12.0 months | 5.8 months | 6.0 months | 6.0 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 | 57.2% | 56.8% | 56.1% | 56.1% | |||
| Insurance Component | 6.2% | 11.4% | 11.2% | 11.2% | |||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Deposit Component | 10.2% | 8.2% | 7.6% | 7.0% | |||
| Full APR (int fee ins tax dep) | 73.7% | 76.3% | 74.9% | 74.3% | |||
| Transparency Index | 27 | 26 | 27 | 27 | |||
| Original Repayment Schedule | |||||||
| MFT Pricing Calculation |
| Key Statistics | |
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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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