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Institution
Data approved: 2011-12-18
Data version: 1
Age of data: - months
Description
This loan product caters for all categories of "value adding" processes, which include food processing, manufacturing, construction, packaging, textile milling, crafting, etc provided that they comply with the environmental and health requirements.
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 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)
Portfolio Size by Product
Geographic Coverage
# Regions for this institution N/A # Regions for this product N/A Regions Active
Loan Conditions
Currency TZS Minimum loan size TZS 300,000 Maximum loan size 5,000,000
Shortest loan term 6.0 months Longest loan term 24.0 months Approx average 12.0 months
Loans 3 months or less N/A Between 4 and 6 months N/A Between 7 and 9 months N/A Between 10 and 12 months N/A Between 13 and 18 months N/A Longer than 18 months N/A
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
Pricing Information
Interest
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? N/A Is rate fixed for entire loan term Yes
Upfront Fees Fee 1 Description Registration 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 Appears on Repayment Sched? No
Ongoing Fees This product has no ongoing fees Upfront Insurance Fees 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 Appears on Repayment Sched? No
Ongoing Insurance Fees This product has no ongoing insurance fees
Required for All Criteria N/A Is deposit indicated on the repayment schedule? Do borrowers control deposit in their group? Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited 15.00% - N/A or, Fixed-amount deposited 0 - N/A
Deposits DURING period payments
% loan amount deposited 2.00% - N/A or, Fixed-amount deposited 0 - N/A 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
Additional Comments
On each installment payment customers have to make additional 2% as savings
Full Pricing Data
Jijenge Loan sample s
Sample 1Sample 2Sample 3Sample 4Sample 5Loan Amount TZS 500,000 TZS 1,000,000 TZS 2,000,000 TZS 3,000,000 TZS 3,000,000 Loan Cycle (1, 2, 3, etc)Disbursement Date Loan Term (Months) 6.0 months 12.0 months 12.0 months 12.0 months 12.0 months Grace Period (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 True Price by Comp Interest and Fee Component 47.4% 45.7% 45.7% 45.7% 45.7% Insurance Component 3.8% 2.1% 2.1% 2.1% 2.1% Tax Component 0.0% 0.0% 0.0% 0.0% 0.0% Deposit Component 27.8% 35.0% 35.0% 35.0% 35.0% Full APR (int fee ins tax dep)79.0% 82.8% 82.8% 82.8% 82.8% Transparency Index 38 36 36 36 36 Original Repayment Schedule PDF PDF PDF PDF PDF MFT Pricing Calculation PDF PDF PDF PDF PDF
Jijenge Loan Price Graphs
0 100 Pricing Transparency Index Regulated Inst. Not Regulated Inst. Private \'For-Profit\' Institution Type Business Loan Purpose FMFC Institution TZ-006-V01-P02 Product TZ Country 2011 Year Range Number 1 Institution Data Version 0 500,000 1,000,000 1,500,000 2,000,000 2,500,000 3,000,000 Loan Size (all) 0% 20% 40% 60% 80% Full APR (int fee ins tax dep) > 100 70 8 Number of Borrowers* * Note: not all bubble sizes in this graph represent number of borrowers, as some samples do not have this data available. These bubbles are shown as a uniform small size. The pop-up text on each bubble will indicate the product scale and the sample scale.
