Number borrowers | 86 |
Loan Amount (range) | TZS 300,000 - 6,000,000 |
Loan Term (range) | 12 |
Other Services (text summary) | Group Mtgs, Business Training |
Annual Interest & Method | 24.00% annual, Flat |
Fees | 2 fees |
Insurance | 1.00% upfront |
Tax | None |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | 10.1% - 75.8% |
Fee Component | 3.8% - 19.1% |
Insurance Component | 1.2% - 5.6% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 50.0% - 59.8% |
Transparency Index (min/max) | 4 - 48 |
Transparency Index (average) | 41 |
10,000 |
PHP 3,000 - 100,000 |
6 |
Group Mtgs, Tech Asst Visits, Business Training, Bookeeping, consultancy, Mortuary Fund/Life Insurance |
24.0% annual, Flat |
6.00% ongoing |
100.00 upfront |
0.25% loan amt |
4.0% upfront 20.00 ongoing |
N/A |
68.6% (Int+Fee) |
0.1% - 14.6% |
1.1% - 7.0% |
81.7% - 111.2% |
22 - 58 |
27 |
Outstanding portfolio (TZS) | TZS 297,308,780.30 |
Portfolio (USD) | USD 186,986.65 |
Active Clients with Loans | 86 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 40% - 60% |
Individual | |
Solidarity group | x |
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 | |
Group meetings | x |
Credit insurance | |
Workplace visits | |
Business training | x |
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 | x |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | 1 |
# Regions for this product | 1 |
Regions Active | Ruvuma |
Outstanding portfolio (PHP) | PHP 70,000,000 |
Portfolio (USD) | USD 1,674,641.15 |
Active Clients with Loans | 10,000 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 20% - 40% |
Individual | |
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 | x |
Business training | x |
Other training | |
Other | Bookeeping, consultancy |
Other (2) | Mortuary Fund/Life Insurance |
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 | Must have experience running a business |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Currency | TZS |
Minimum loan size | TZS 300,000 |
Maximum loan size | 6,000,000 |
Loans less than TZS 350,000 | 5% |
TZS 350,000-1,250,000 | 10% |
TZS 1,250,000-2,000,000 | 10% |
TZS 2,000,000-3,000,000 | 10% |
TZS 3,000,000-4,000,000 | 10% |
Greater than TZS 4,000,000 | 10% |
Shortest loan term | 12.0 months |
Longest loan term | 12.0 months |
Approx average | 12.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 100% |
Between 13 and 18 months | 0 |
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 3,000 |
Maximum loan size | 100,000 |
Shortest loan term | 6.0 months |
Longest loan term | 6.0 months |
Approx average | 6.0 months |
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 | 24.00% |
Highest quoted nominal interest | 24.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Loan Application Fee | Legal Set Up Fee | |
% of loan amount - min | 2.00% | 1.00% | |
% of loan amount - max | 2.00% | 1.00% | |
OR, Fixed amount - min | 0 | 0 | |
Fixed amount - max | 0 | 0 | |
Reason for variation | N/A | N/A | |
Appears on Repayment Sched? | No | Yes |
Ins 1 | |
---|---|
Description | Loan 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? | No |
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 | 2.00% |
Highest quoted nominal interest | 2.00% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Service Charge (amortized) |
% of loan amount - min | 6.00% |
% of loan amount - max | 6.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Mortuary Fund |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 100 |
Fixed amount - max | 100 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | |
Do borrowers control deposit in their group? |
% loan amount deposited | 4.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | PHP 20 |
Conditions on access to deposit | Access During |
Minimum interest rate paid | 3.00% |
Maximum interest rate paid | 3.00% |
Interest payment frequency | End Term |
Are taxes charged on this product? | Yes |
Percentage of fees | 0 |
All or some fees taxed | N/A |
Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | TZS 450,000 | TZS 1,000,000 | TZS 1,900,000 | TZS 3,000,000 | TZS 5,000,000 | ||||
Loan Cycle (1, 2, 3, etc) | 1 | 1 | 1 | Not Known | Not Known | ||||
Disbursement Date | 2013-02-21 | 2013-03-28 | 2013-02-25 | 2013-05-18 | 2013-01-30 | ||||
Loan Term (Months) | 11.0 months | 11.0 months | 11.0 months | 23.0 months | 11.0 months | ||||
Grace Period (Months) | -1.0 months | -1.0 months | -1.0 months | -1.0 months | -1.0 months | ||||
Total Cost of Credit | TZS 126,000 | TZS 280,000 | TZS 532,000 | TZS 1,558,000.07 | TZS 1,400,000 | ||||
True Price by Comp | |||||||||
Interest price component | 49.8% | 49.8% | 49.8% | 44.9% | 49.7% | ||||
Fee Component | 7.4% | 7.4% | 7.4% | 3.8% | 7.5% | ||||
Insurance Component | 2.6% | 2.6% | 2.6% | 1.3% | 2.5% | ||||
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) | 59.8% | 59.8% | 59.8% | 50.0% | 59.7% | ||||
Transparency Index | 40 | 40 | 40 | 48 | 40 | ||||
Original Repayment Schedule | |||||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | PHP 3,000 | PHP 6,000 | PHP 15,000 | PHP 28,000 | PHP 60,000 | PHP 90,000 | |||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
Disbursement Date | 2011-09-02 | 2011-03-10 | 2011-03-14 | 2011-07-21 | 2011-07-15 | 2011-07-12 | |||||
Loan Term (Months) | 5.8 months | 5.8 months | 6.0 months | 5.8 months | 5.8 months | 5.8 months | |||||
Grace Period (Months) | 0.0 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 | Not Known | |||||
True Price by Comp | |||||||||||
Interest and Fee Component | 68.6% | 68.6% | 68.6% | 68.6% | 68.6% | 68.6% | |||||
Insurance Component | 14.6% | 7.2% | 2.9% | 1.5% | 0.4% | 0.4% | |||||
Tax Component | 7.0% | 7.0% | 6.9% | 6.9% | 6.9% | 6.9% | |||||
Deposit Component | 20.9% | 12.1% | 7.9% | 6.7% | 6.0% | 5.8% | |||||
Full APR (int fee ins tax dep) | 111.2% | 94.9% | 86.3% | 83.7% | 81.9% | 81.7% | |||||
Transparency Index | 22 | 25 | 28 | 29 | 29 | 29 | |||||
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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