| Number borrowers | 71 |
| Loan Amount (range) | TZS 1,000,000 - 30,000,000 |
| Loan Term (range) | 1 - 12 |
| Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins |
| Annual Interest & Method | 60.00% annual, Flat |
| Fees | 2.00% upfront |
| Insurance | 1.00% upfront |
| Tax | None |
| Comp Dep | N/A |
| Range of pricing | |
| Interest Price Component | 88.5% - 95.0% |
| Fee Component | 4.3% - 27.1% |
| Insurance Component | 2.2% - 4.7% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 99.5% - 106.5% |
| Transparency Index (min/max) | 21 - 60 |
| Transparency Index (average) | 58 |
| 5,103 |
| PHP 10,000 - 300,000 |
| 6 - 24 |
| Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training, Transformation Program, Environment Program |
| 21.0% annual, Decl Bal |
| 3.00% upfront 100.00 upfront |
| None |
| None |
| 10.00% ongoing |
| N/A |
| 24.3% - 34.3% (Int+Fee) |
| 0 - 54.9% |
| 0 |
| 26.8% - 53.9% |
| 13 - 78 |
| 59 |
| Outstanding portfolio (TZS) | TZS 227,530,525 |
| Portfolio (USD) | USD 143,100.96 |
| Active Clients with Loans | 71 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 80% - 100% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | x |
| Agriculture | |
| Education | x |
| Other household finance | x |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| Credit insurance | x |
| 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 | Age limit between 18 to 60 |
| Other (2) |
| # Regions for this institution | 1 |
| # Regions for this product | 1 |
| Regions Active | Dar es Salaam |
| Outstanding portfolio (PHP) | PHP 104,774,813 |
| Portfolio (USD) | USD 2,506,574.47 |
| Active Clients with Loans | 5,103 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | |
| Mortgage/housing | x |
| 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 | x |
| Other | Transformation Program |
| Other (2) | Environment Program |
| No other services |
| Men | x |
| Women | x |
| Must run a business | x |
| Must own a home or land | |
| Must be a salaried worker | x |
| Must be specific age group | |
| Other | Existing ASKI client or staff |
| Other (2) |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Currency | TZS |
| Minimum loan size | TZS 1,000,000 |
| Maximum loan size | 30,000,000 |
| Loans less than TZS 350,000 | 0 |
| TZS 350,000-1,250,000 | 5% |
| TZS 1,250,000-2,000,000 | 5% |
| TZS 2,000,000-3,000,000 | 20% |
| TZS 3,000,000-4,000,000 | 30% |
| Greater than TZS 4,000,000 | 30% |
| Shortest loan term | 1.0 month |
| Longest loan term | 12.0 months |
| Approx average | 6.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 50% |
| Between 7 and 9 months | 20% |
| Between 10 and 12 months | 30% |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| Grace period usage | 10% |
| Average grace period | 3.0 months |
| 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 10,000 |
| Maximum loan size | 300,000 |
| Shortest loan term | 6.0 months |
| Longest loan term | 24.0 months |
| Approx average | 12.0 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 | |
| Irregular payments |
| Lowest quoted nominal interest | 5.00% |
| Highest quoted nominal interest | 5.00% |
| Reason(s) why interest rate varies | Time as Client, Loan Size, Client Risk, Collateral |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Application 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 |
| Ins 1 | |
|---|---|
| Description | Life Insurance |
| % of loan amount - min | 1.00% |
| % of loan amount - max | 1.00% |
| 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 | 1.75% |
| Highest quoted nominal interest | 1.75% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | Fee 2 | ||
|---|---|---|---|
| Description | Service Fee | Business Development Service Support | |
| % of loan amount - min | 3.00% | 0 | |
| % of loan amount - max | 3.00% | 0 | |
| OR, Fixed amount - min | 0 | 100 | |
| Fixed amount - max | 0 | 100 | |
| Reason for variation | N/A | ||
| Appears on Repayment Sched? | No | 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 | 0 |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 10.00% |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | Access During |
| Minimum interest rate paid | 1.75% |
| Maximum interest rate paid | 1.75% |
| Interest payment frequency | Monthly |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | TZS 1,000,000 | TZS 2,000,000 | TZS 3,000,000 | TZS 4,500,000 | TZS 5,000,000 | ||||
| Loan Cycle (1, 2, 3, etc) | 1 | 2 | 1 | 1 | 5 | ||||
| Disbursement Date | 2013-02-15 | 2013-03-04 | 2013-03-08 | 2013-03-04 | 2013-01-24 | ||||
| Loan Term (Months) | 6.0 months | 12.0 months | 6.0 months | 12.0 months | 6.0 months | ||||
| Grace Period (Months) | -0.1 months | 0.0 months | 0.0 months | 0.0 months | 0.1 months | ||||
| Total Cost of Credit | TZS 330,000 | TZS 1,260,000 | TZS 990,000 | TZS 2,835,000 | TZS 1,650,000 | ||||
| True Price by Comp | |||||||||
| Interest price component | 95.0% | 93.0% | 92.3% | 92.9% | 93.7% | ||||
| Fee Component | 7.6% | 4.3% | 7.4% | 4.4% | 7.5% | ||||
| Insurance Component | 3.9% | 2.2% | 3.8% | 2.2% | 3.8% | ||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Full APR (int fee ins tax dep) | 106.5% | 99.5% | 103.5% | 99.5% | 105.0% | ||||
| Transparency Index | 56 | 60 | 58 | 60 | 57 | ||||
| Original Repayment Schedule | |||||||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | PHP 15,000 | PHP 30,000 | PHP 50,000 | PHP 80,000 | PHP 100,000 | ||||
| Loan Cycle (1, 2, 3, etc) | 1 | 2 | 2 | 2 | 2 | ||||
| Disbursement Date | 2011-04-15 | 2011-04-19 | 2011-05-31 | 2011-05-13 | 2011-04-15 | ||||
| Loan Term (Months) | 24.0 months | 12.0 months | 12.0 months | 24.0 months | 24.0 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 | 24.3% | 27.7% | 34.3% | 24.4% | 24.5% | ||||
| Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Deposit Component | 29.7% | 11.1% | 9.5% | 2.9% | 2.3% | ||||
| Full APR (int fee ins tax dep) | 53.9% | 38.8% | 43.9% | 27.4% | 26.8% | ||||
| Transparency Index | 39 | 54 | 48 | 77 | 78 | ||||
| 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 |
|---|---|---|---|---|---|---|---|
| X Axis | ||||||
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