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Institution
Data approved: 2013-05-06
Data version: 2
Age of data: - months
Key Statistics
Outstanding portfolio (TZS) | TZS 17,803,594,362 |
Portfolio (USD) | USD 11,197,229.16 |
Active Clients with Loans | 62,002 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 20% - 40% |
Methodology
Individual | |
Solidarity group | |
Village banking | x |
Self help group | |
Other | |
Description
This loans are given to groups that range from between 15 and 30.
Loan Purpose
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) | |
Included Services
Credit education | x |
Group meetings | x |
Credit insurance | x |
Workplace visits | x |
Business training | x |
Other training | |
Other | |
Other (2) | |
No other services | |
Eligibility
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 | 17 |
# Regions for this product | N/A |
Regions Active | |
Loan Conditions
Loan Amount
Currency | TZS |
Minimum loan size | TZS 30,000 |
Maximum loan size | 3,000,000 |
Distribution at Disbursement (Est.)
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 |
Loan Term and Grace Period
Shortest loan term | 6.0 months |
Longest loan term | 10.0 months |
Approx average | 6.0 months |
Distribution at Disbursement (Est.)
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
Grace period usage | 0 |
Average grace period | 0 |
Repayment Frequency
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 | 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 |
Upfront Fees
This product has no upfront feesOngoing Fees
This product has no ongoing feesUpfront Insurance Fees
This product has no upfront insurance feesOngoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | Yes |
Do borrowers control deposit in their group? | No |
Deposit BEFORE or AT Disbursement
% loan amount deposited | 10.00% |
or, Fixed-amount deposited | 0 |
Deposits DURING period payments
% loan amount deposited | 0 |
or, Fixed-amount deposited | TZS 2,000 |
Conditions on access to deposit | Access During |
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
Institution meets the insurance charges for all customers, spouse and up to 4 children aged below 18
Full Pricing Data
Village Banking Loan samples
| Sample 1 | | Sample 2 | | Sample 3 | | Sample 4 | | Sample 5 | | Sample 6 |
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Loan Amount | TZS 100,000 | | TZS 250,000 | | TZS 400,000 | | TZS 1,000,000 | | TZS 2,000,000 | | TZS 3,000,000 |
Loan Cycle (1, 2, 3, etc) | Not Known | | Not Known | | Not Known | | Not Known | | Not Known | | Not Known |
Disbursement Date | 2013-02-11 | | 2013-02-04 | | 2013-02-11 | | 2013-02-11 | | 2013-02-12 | | 2013-02-18 |
Loan Term (Months) | 5.6 months | | 7.0 months | | 5.6 months | | 5.6 months | | 7.0 months | | 5.6 months |
Grace Period (Months) | -0.1 months | | -0.1 months | | 0.0 months | | 0.0 months | | 0.0 months | | 0.0 months |
Total Cost of Credit | TZS 22,017.58 | | TZS 72,071.89 | | TZS 88,070.31 | | TZS 220,175.77 | | TZS 576,575.08 | | TZS 660,527.31 |
True Price by Comp | | | | | | | | | | | |
Interest price component | 76.0% | | 76.0% | | 76.0% | | 76.0% | | 76.0% | | 76.0% |
Fee Component | 0.0% | | 0.0% | | 0.0% | | 0.0% | | 0.0% | | 0.0% |
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 | 21.4% | | 17.7% | | 15.4% | | 14.3% | | 14.1% | | 13.8% |
Full APR (int fee ins tax dep) | 97.4% | | 93.7% | | 91.4% | | 90.3% | | 90.1% | | 89.8% |
Transparency Index | 80 | | 83 | | 85 | | 86 | | 87 | | 87 |
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Original Repayment Schedule | PDF | | PDF | | PDF | | PDF | | PDF | | PDF |
MFT Pricing Calculation | PDF | | PDF | | PDF | | PDF | | PDF | | PDF |
Village Banking Loan Price Graphs