2. FINCA Tanzania
Please note that the information you are viewing is 117 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. Salve
Please note that the information you are viewing is 158 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

FINCA Tanzania M.F.C. Limited Plot # 84 Morogoro Rd,Dar es SalaamP.O Box 78783
Data approved: 2014-11-04
Data version: 3
Age of data: 117 months
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Institution

Caritas Salve Credit Cooperative RM. 24 Caritas Bldg., Caritas Manila Compound2002 Jesus St., PandacanManila1011
Data approved: 2011-11-15
Data version: 1
Age of data: 158 months

Product

Small Group Loan Product 2 of 3 « Prev | Next »

Product

Regular Loan - 23 weeks Product 3 of 3 « Prev | Next »

Product Summary

Number borrowers12,475
Loan Amount (range)TZS 350,000 - 4,000,000
Loan Term (range)6 - 12
Other Services (text summary)Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits
Annual Interest & Method64.8% annual, Decl Bal
Fees1.00% upfront
InsuranceNone
TaxNone
Comp DepN/A
Range of pricing 
Interest Price Component58.6% - 82.2%
Fee Component0 - 3.6%
Insurance Component0
Tax Component Range0
Full APR (int fee ins tax dep)65.2% - 66.8%
Transparency Index (min/max)60 - 100
Transparency Index (average)98

Product Summary

9,551
PHP 2,000 - 150,000
5.3
Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Life insurance, Values Formation, Marketing Assistance, Business Development
30.0% annual, Flat
2.00% upfront
0.60% upfront
None
50.00 ongoing
 
N/A
71.8% (Int+Fee)
2.8% - 2.9%
0
77.5% - 96.2%
31 - 39
36

Product Details

Key Statistics
Outstanding portfolio (TZS)TZS 5,871,004,648
Portfolio (USD)USD 3,692,455.75
Active Clients with Loans12,475
Approximate % Female Clients40% - 60%
Approximate % Urban Clients60% - 80%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
This loan is given to groups of between 5 to 10 members who can borrow up to TZS 4,000,000.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visitsx
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
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 institution14
# Regions for this product15
Regions ActiveArusha, Dar es Salaam, Dodoma, Iringa, Kagera, Kilimanjaro, Manyara, MaraMbeya, Morogoro, Mwanza, Pwani, Ruvuma, Shinyanga, Tanga

Product Details

Key Statistics
Outstanding portfolio (PHP)PHP 43,114,455
Portfolio (USD)USD 1,031,446.29
Active Clients with Loans9,551
Approximate % Female Clients80% - 100%
Approximate % Urban Clients60% - 80%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Loans offered to microentrepreneurs for business purposes
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visitsx
Business trainingx
Other training
OtherLife insurance, Values Formation
Other (2)Marketing Assistance, Business Development
No other services
Eligibility
Menx
Womenx
Must run a businessx
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 institutionN/A
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyTZS
Minimum loan sizeTZS 350,000
Maximum loan size4,000,000
Distribution at Disbursement (Est.)
Loans less than TZS 350,0000
TZS 350,000-1,250,00090%
TZS 1,250,000-2,000,00010%
TZS 2,000,000-3,000,0000
TZS 3,000,000-4,000,0000
Greater than TZS 4,000,0000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term12.0 months
Approx average8.7 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months30%
Between 7 and 9 months40%
Between 10 and 12 months30%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyPHP
Minimum loan sizePHP 2,000
Maximum loan size150,000
Loan Term and Grace Period
Shortest loan term5.3 months
Longest loan term5.3 months
Approx average5.3 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
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 interest5.40%
Highest quoted nominal interest5.40%
Interest rate periodMonthly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionDisbursement Fee
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Pricing Information

Interest
Lowest quoted nominal interest2.50%
Highest quoted nominal interest2.50%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionService Charge
% of loan amount - min2.00%
% of loan amount - max2.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionCredit Insurance
% of loan amount - min0.60%
% of loan amount - max0.60%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?Yes
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited0
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount depositedPHP 50
Conditions on access to depositWhen Leaving
Interest Paid on Deposit
Minimum interest rate paid6.00%
Maximum interest rate paid6.00%
Interest payment frequencyAnnually
Taxes
Are taxes charged on this product?No
Additional Comments
Credit Insurance premium based on P1 per P1 loan x loan term (months). Withdrawal of savings allowed for emergency purposes.

Full Pricing Data

Small Group Loan samples
Loan Amount
Type of Sample
Disbursement Date
Loan Term (Months)
Grace Period (Months)
Total Cost of Credit
Full APR (int fee ins tax dep)
True Price by Component
Transparency Index
Original Repayment Schedule
MFT Pricing Calculation
Interest price component
Fee Component
Insurance Component
Tax Component
Deposit Component
TZS 450,000 Generated 2015-03-01 6.0 months N/A TZS 92,587.75 66.8% 63.2% 3.6% 0.0% 0.0% 0.0% 97 - PDF
TZS 700,000 Generated 2015-03-01 9.0 months N/A TZS 208,424.88 65.8% 63.2% 2.6% 0.0% 0.0% 0.0% 99 - PDF
TZS 930,000 Generated 2015-03-01 9.0 months N/A TZS 276,907.34 65.8% 63.2% 2.6% 0.0% 0.0% 0.0% 99 - PDF
TZS 1,250,000 Generated 2015-03-01 9.0 months N/A TZS 372,187.28 65.8% 63.2% 2.6% 0.0% 0.0% 0.0% 99 - PDF
TZS 1,500,000 Generated 2015-03-01 9.0 months N/A TZS 446,624.74 65.8% 63.2% 2.6% 0.0% 0.0% 0.0% 99 - PDF
TZS 1,725,000 Generated 2015-03-01 12.0 months N/A TZS 679,011 65.2% 63.2% 2.0% 0.0% 0.0% 0.0% 99 - PDF
TZS 1,850,000 Generated 2015-03-01 12.0 months N/A TZS 728,214.70 65.2% 63.2% 2.0% 0.0% 0.0% 0.0% 99 - PDF
TZS 2,000,000 Generated 2015-03-01 12.0 months N/A TZS 787,259.13 65.2% 63.2% 2.0% 0.0% 0.0% 0.0% 99 - PDF

Full Pricing Data

Regular Loan - 23 weeks samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountPHP 4,000PHP 10,000PHP 15,000PHP 40,000PHP 50,000PHP 100,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2011-07-202011-05-112011-07-142011-06-202011-04-042011-06-17
Loan Term (Months)5.4 months5.4 months5.4 months5.4 months5.4 months5.4 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot KnownNot KnownNot Known
True Price by Comp           
Interest and Fee Component71.8%71.8%71.8%71.8%71.8%71.8%
Insurance Component2.9%2.9%2.9%2.9%2.9%2.9%
Tax Component0.0%0.0%0.0%0.0%0.0%0.0%
Deposit Component21.6%7.5%10.3%5.5%2.9%7.5%
Full APR (int fee ins tax dep)96.2%82.2%85.0%80.2%77.5%82.2%
Transparency Index313735373937
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF
Small Group Loan Price Graphs


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Regular Loan - 23 weeks 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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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