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 |
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 |
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 |
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 |
Institution Type | Non-Governmental Organization |
Is this institution regulated? | No |
Website address | http://www.jvofi.org/ |
Year established | 2001 |
Head of Institution | Ma. Rosario R. Lopez |
Regions active | |
# Branches | 2 |
Total Portfolio (nat'l) | PhP 11,939,514 |
Total Portfolio (USD) | USD 285,634.31 |
Active clients with loans | 1,372 |
Approximate % female clients | 80% - 100% |
Approximate % urban clients | 60% - 80% |
Network affiliations | |
Funders |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Microloan | PHP 2,000 - 150,000 | 4.7 - 12 | 80% - 100% | 60% - 80% | Business | Women, Men, Have business, Must have max net income of 10,000 per family f 5 | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Market linkages |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Microloan | 30.0% annual, Flat | 0 Fees | 1 Ins | None | 20.0% upfront 50.00 ongoing | 50.9% - 64.2% | 99.4% - 136.3% | 28 |
Key Statistics | |
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# Products | |
# Institutions | |
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# Borrowers | |
Loan Portfolio (USD) | |
% Products using declining balance | |
% Products with one or more fee | |
% Products with one or more insurances | |
% Products with compulsory deposits |
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