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 |
5,558 |
PHP 3,000 - 50,000 |
3 - 12 |
Group Mtgs |
18.0%-30.0% annual, Flat |
7.25% upfront |
0.50%-1.40% upfront 0.50%-1.40% upfront |
None |
5.0% upfront 0.38% ongoing |
N/A |
64.2% - 125.3% (Int+Fee) |
9.1% - 23.7% |
0 - 11.5% |
136.8% - 190.3% |
9 - 14 |
11 |
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 33,803,696 |
Portfolio (USD) | USD 808,700.86 |
Active Clients with Loans | 5,558 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 20% - 40% |
Individual | x |
Solidarity group | x |
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 | x |
Credit insurance | |
Workplace visits | |
Business training | |
Other training | |
Other | |
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 | |
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 3,000 |
Maximum loan size | 50,000 |
Shortest loan term | 3.0 months |
Longest loan term | 12.0 months |
Approx average | 0 |
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 | 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 | 1.50% |
Highest quoted nominal interest | 2.50% |
Reason(s) why interest rate varies | N/A |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | Yes |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Bank Charge |
% of loan amount - min | 7.25% |
% of loan amount - max | 7.25% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | |
Appears on Repayment Sched? | No |
Ins 1 | Ins 2 | ||
---|---|---|---|
Description | Cash Death Assistance | Credit Insurance | |
% of loan amount - min | 0.50% | 0.50% | |
% of loan amount - max | 1.40% | 1.40% | |
OR, Fixed amount - min | 0 | 0 | |
Fixed amount - max | 0 | 0 | |
Reason for variation | N/A | N/A | |
Appears on Repayment Sched? | No | Yes |
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 | 0.38% |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | End Term |
Minimum interest rate paid | 2.00% |
Maximum interest rate paid | 2.00% |
Interest payment frequency | End Term |
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 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | PHP 3,000 | PHP 8,000 | PHP 15,000 | PHP 30,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2011-07-30 | 2011-06-17 | 2011-06-16 | 2011-06-13 | |||
Loan Term (Months) | 6.0 months | 6.0 months | 8.0 months | 10.0 months | |||
Grace Period (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 | |||
True Price by Comp | |||||||
Interest and Fee Component | 125.3% | 93.7% | 82.8% | 64.2% | |||
Insurance Component | 23.7% | 12.5% | 11.3% | 9.5% | |||
Tax Component | 11.5% | 7.6% | 6.5% | 5.8% | |||
Deposit Component | 29.8% | 48.9% | 36.1% | 72.8% | |||
Full APR (int fee ins tax dep) | 190.3% | 162.7% | 136.8% | 152.3% | |||
Transparency Index | 9 | 11 | 13 | 12 | |||
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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