| Number borrowers | 8,607 |
| Loan Amount (range) | TZS 500,000 - 30,000,000 |
| Loan Term (range) | 3 - 18 |
| Other Services (text summary) | Credit Educ, Tech Asst Visits |
| Annual Interest & Method | 36.0%-60.0% annual, Decl Bal |
| Fees | 0.50% upfront |
| Insurance | None |
| Tax | None |
| Comp Dep | N/A |
| Range of pricing | |
| Interest Price Component | 58.4% - 76.0% |
| Fee Component | 0 - 3.7% |
| Insurance Component | 0 |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 59.7% - 61.6% |
| Transparency Index (min/max) | 58 - 87 |
| Transparency Index (average) | 59 |
| 123 |
| PHP 5,000 - 50,000 |
| 4 |
| Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Values Formation |
| 36.0% annual, Flat |
| 3.00% upfront |
| 2.00% upfront |
| None |
| 5.0% upfront 200.00 ongoing |
| N/A |
| 44.6% - 46.2% (Int+Fee) |
| 6.5% - 39.0% |
| 0 |
| 55.0% - 56.5% |
| 21 - 65 |
| 64 |
| Outstanding portfolio (TZS) | TZS 16,835,114,875 |
| Portfolio (USD) | USD 10,588,122.56 |
| Active Clients with Loans | 8,607 |
| Approximate % Female Clients | 20% - 40% |
| Approximate % Urban Clients | 80% - 100% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | x |
| Income generation | |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | |
| Credit insurance | |
| 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 | 17 |
| # Regions for this product | N/A |
| Regions Active |
| Outstanding portfolio (PHP) | PHP 1,066,985.45 |
| Portfolio (USD) | USD 25,525.97 |
| Active Clients with Loans | 123 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | x |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | x |
| Education | |
| Other household finance | |
| Other | Purchase of farm inputs |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | x |
| Business training | x |
| Other training | |
| Other | Values Formation |
| Other (2) | |
| No other services |
| Men | x |
| Women | x |
| Must run a business | |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | Engaged in farming activities |
| Other (2) |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Currency | TZS |
| Minimum loan size | TZS 500,000 |
| Maximum loan size | 30,000,000 |
| Loans less than TZS 350,000 | 0 |
| TZS 350,000-1,250,000 | 30% |
| TZS 1,250,000-2,000,000 | 10% |
| TZS 2,000,000-3,000,000 | 20% |
| TZS 3,000,000-4,000,000 | 15% |
| Greater than TZS 4,000,000 | 15% |
| Shortest loan term | 3.0 months |
| Longest loan term | 18.0 months |
| Approx average | 9.9 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 20% |
| Between 7 and 9 months | 20% |
| Between 10 and 12 months | 30% |
| Between 13 and 18 months | 30% |
| 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 | 50,000 |
| Shortest loan term | 4.0 months |
| Longest loan term | 4.0 months |
| Approx average | 4.0 months |
| 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 | x |
| Irregular payments |
| Lowest quoted nominal interest | 3.00% |
| Highest quoted nominal interest | 5.00% |
| Reason(s) why interest rate varies | Loan Size |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Application Fee |
| % of loan amount - min | 0.50% |
| % of loan amount - max | 0.50% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | 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 | 3.00% |
| Highest quoted nominal interest | 3.00% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Loan Service Fee |
| % of loan amount - min | 3.00% |
| % of loan amount - max | 3.00% |
| 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 | 2.00% |
| % of loan amount - max | 2.00% |
| 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? | Yes |
| 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 200 |
| Conditions on access to deposit | End Term |
| Minimum interest rate paid | 2.00% |
| Maximum interest rate paid | 4.00% |
| Interest payment frequency | Quarterly |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | TZS 500,000 | TZS 1,000,000 | TZS 2,000,000 | TZS 3,000,000 | TZS 4,000,000 | TZS 5,000,000 | |||||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
| Disbursement Date | 2013-02-13 | 2013-02-05 | 2013-01-31 | 2013-02-14 | 2013-02-05 | 2013-02-19 | |||||
| Loan Term (Months) | 6.0 months | 6.0 months | 12.0 months | 6.0 months | 6.0 months | 6.0 months | |||||
| Grace Period (Months) | -0.1 months | 0.0 months | 0.0 months | -0.1 months | 0.0 months | -0.1 months | |||||
| Total Cost of Credit | TZS 93,552.40 | TZS 187,104.81 | TZS 717,809.84 | TZS 561,314.43 | TZS 748,419.23 | TZS 935,524.04 | |||||
| True Price by Comp | |||||||||||
| Interest price component | 59.8% | 58.4% | 58.6% | 59.6% | 59.2% | 59.7% | |||||
| Fee Component | 1.8% | 1.8% | 1.1% | 1.8% | 1.8% | 1.8% | |||||
| Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
| Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
| Full APR (int fee ins tax dep) | 61.6% | 60.2% | 59.7% | 61.4% | 61.0% | 61.5% | |||||
| Transparency Index | 58 | 60 | 60 | 59 | 59 | 59 | |||||
| Original Repayment Schedule | |||||||||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | PHP 14,000 | PHP 15,000 | PHP 28,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | 20 | 6 | ||
| Disbursement Date | 2011-03-17 | 2011-02-18 | 2011-02-01 | ||
| Loan Term (Months) | 4.0 months | 4.0 months | 4.0 months | ||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
| Total Cost of Credit | Not Known | Not Known | Not Known | ||
| True Price by Comp | |||||
| Interest and Fee Component | 44.6% | 45.8% | 46.2% | ||
| Insurance Component | 6.6% | 6.8% | 6.9% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 3.7% | 3.8% | 3.3% | ||
| Full APR (int fee ins tax dep) | 55.0% | 56.5% | 56.4% | ||
| Transparency Index | 65 | 64 | 64 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| 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 |
| Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
|---|---|---|---|---|---|---|---|
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