Number borrowers | 56,067 |
Loan Amount (range) | TZS 30,000 - 3,000,000 |
Loan Term (range) | 6 - 10 |
Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training |
Annual Interest & Method | 78.0% annual, Decl Bal |
Fees | None |
Insurance | None |
Tax | None |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | 58.6% - 82.2% |
Fee Component | 0 - 3.6% |
Insurance Component | 0 |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 75.7% - 82.2% |
Transparency Index (min/max) | 60 - 100 |
Transparency Index (average) | 98 |
1,500 |
PHP 5,000 - 150,000 |
1 - 6 |
Credit Ins, Tech Asst Visits |
24.0%-36.0% annual, Flat |
232.40-6,474.00 upfront 100.00-325.00 upfront |
16.25-591.50 upfront |
0.50% loan amt |
10.00% ongoing |
N/A |
77.5% - 85.5% (Int+Fee) |
1.5% - 35.2% |
5.5% - 7.7% |
92.7% - 102.3% |
22 - 26 |
25 |
Outstanding portfolio (TZS) | TZS 16,313,780,319 |
Portfolio (USD) | USD 10,260,239.19 |
Active Clients with Loans | 56,067 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 20% - 40% |
Individual | |
Solidarity group | |
Village banking | x |
Self help group | |
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 | x |
Workplace visits | x |
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 | 14 |
# Regions for this product | 17 |
Regions Active | Arusha, Dar es Salaam, Dodoma, Iringa, Kagera, Kilimanjaro, Manyara, MaraMbeya, Morogoro, Mwanza, Pwani, Ruvuma, ShinyangaSingida, Tabora, Tanga |
Outstanding portfolio (PHP) | PHP 25,000,000 |
Portfolio (USD) | USD 598,086.12 |
Active Clients with Loans | 1,500 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 60% - 80% |
Individual | x |
Solidarity group | |
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 | x |
Workplace visits | x |
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) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Currency | TZS |
Minimum loan size | TZS 30,000 |
Maximum loan size | 3,000,000 |
Loans less than TZS 350,000 | 40% |
TZS 350,000-1,250,000 | 50% |
TZS 1,250,000-2,000,000 | 10% |
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 | 6.0 months |
Longest loan term | 10.0 months |
Approx average | 6.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 30% |
Between 7 and 9 months | 40% |
Between 10 and 12 months | 30% |
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 |
Currency | PHP |
Minimum loan size | PHP 5,000 |
Maximum loan size | 150,000 |
Shortest loan term | 1.0 month |
Longest loan term | 6.0 months |
Approx average | 4.0 months |
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 | 6.50% |
Highest quoted nominal interest | 6.50% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Required for | Never |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | N/A |
Do borrowers control deposit in their group? | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
Conditions on access to deposit | N/A |
Minimum interest rate paid | N/A |
Maximum interest rate paid | N/A |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
Lowest quoted nominal interest | 2.00% |
Highest quoted nominal interest | 3.00% |
Reason(s) why interest rate varies | Randomly selected by the bank's system |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Bank Charge | Processing Fee | |
% of loan amount - min | 0 | 0 | |
% of loan amount - max | 0 | 0 | |
OR, Fixed amount - min | 232.40 | 100 | |
Fixed amount - max | 6,474 | 325 | |
Reason for variation | N/a | ||
Appears on Repayment Sched? | No | No |
Ins 1 | |
---|---|
Description | Mortgage Redemption Insurance |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 16.25 |
Fixed amount - max | 591.50 |
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 | 0 |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 10.00% |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | End Term |
Minimum interest rate paid | 1.00% |
Maximum interest rate paid | 1.00% |
Interest payment frequency | Quarterly |
Are taxes charged on this product? | Yes |
Percentage of fees | 0 |
All or some fees taxed | N/A |
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 1,200,000 | Real | 2014-12-16 | 7.4 months | N/A | TZS 376,677.98 | 82.2% | 82.2% | 0.0% | 0.0% | 0.0% | 0.0% | 95 | ||
TZS 1,200,000 | Generated | 2015-03-01 | 7.0 months | N/A | TZS 347,585.42 | 79.4% | 79.4% | 0.0% | 0.0% | 0.0% | 0.0% | 98 | - | |
TZS 350,000 | Real | 2014-12-29 | 5.5 months | N/A | TZS 83,793.43 | 82.2% | 82.2% | 0.0% | 0.0% | 0.0% | 0.0% | 95 | ||
TZS 350,000 | Generated | 2015-03-01 | 6.0 months | N/A | TZS 87,622.16 | 79.4% | 79.4% | 0.0% | 0.0% | 0.0% | 0.0% | 98 | - | |
TZS 75,000 | Generated | 2015-03-01 | 9.0 months | N/A | TZS 26,307.46 | 75.7% | 75.7% | 0.0% | 0.0% | 0.0% | 0.0% | 100 | - | |
TZS 300,000 | Generated | 2015-03-01 | 9.0 months | N/A | TZS 105,229.83 | 75.7% | 75.7% | 0.0% | 0.0% | 0.0% | 0.0% | 100 | - | |
TZS 550,000 | Generated | 2015-03-01 | 9.0 months | N/A | TZS 192,921.35 | 75.7% | 75.7% | 0.0% | 0.0% | 0.0% | 0.0% | 100 | - | |
TZS 750,000 | Generated | 2015-03-01 | 6.0 months | N/A | TZS 178,167.38 | 75.7% | 75.7% | 0.0% | 0.0% | 0.0% | 0.0% | 100 | - | |
TZS 900,000 | Generated | 2015-03-01 | 9.0 months | N/A | TZS 315,689.49 | 75.7% | 75.7% | 0.0% | 0.0% | 0.0% | 0.0% | 100 | - | |
TZS 2,500,000 | Generated | 2015-03-01 | 10.0 months | N/A | TZS 974,184.89 | 75.7% | 75.7% | 0.0% | 0.0% | 0.0% | 0.0% | 100 | - |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | PHP 7,000 | PHP 13,000 | PHP 30,000 | PHP 60,000 | PHP 90,000 | PHP 130,000 | |||||
Loan Cycle (1, 2, 3, etc) | 2 | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
Disbursement Date | 2011-05-27 | 2011-05-20 | 2011-05-06 | 2011-06-03 | 2011-04-08 | 2011-03-11 | |||||
Loan Term (Months) | 4.0 months | 3.0 months | 3.0 months | 5.1 months | 6.1 months | 6.1 months | |||||
Grace Period (Months) | 0.0 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 | Not Known | |||||
True Price by Comp | |||||||||||
Interest and Fee Component | 85.5% | 81.0% | 77.5% | 77.7% | 78.3% | 78.7% | |||||
Insurance Component | 1.5% | 2.1% | 2.1% | 2.0% | 2.0% | 2.0% | |||||
Tax Component | 5.9% | 7.7% | 7.4% | 5.5% | 5.7% | 5.7% | |||||
Deposit Component | 9.4% | 6.0% | 5.7% | 8.5% | 8.9% | 8.6% | |||||
Full APR (int fee ins tax dep) | 102.3% | 96.8% | 92.7% | 93.7% | 94.9% | 95.1% | |||||
Transparency Index | 23 | 25 | 26 | 26 | 25 | 25 | |||||
Original Repayment Schedule | |||||||||||
MFT Pricing Calculation |
Key Statistics | |
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# 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 |
Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
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