| Number borrowers | 58 |
| Loan Amount (range) | TZS 1,000,000 - 45,000,000 |
| Loan Term (range) | 3 - 18 |
| Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training |
| Annual Interest & Method | 10.00%-24.00% annual, Flat |
| Fees | 3 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) | 61.2% - 77.0% |
| Transparency Index (min/max) | 4 - 48 |
| Transparency Index (average) | 15 |
| 100 |
| PHP 51,000 - 700,000 |
| 6 - 12 |
| Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training, Values Development, Personal Counselling and Life Skills Training |
| 10.0%-24.0% annual, Flat |
| 1.00% upfront |
| None |
| None |
| 30.0% upfront 100.00 ongoing |
| N/A |
| 56.1% - 60.2% (Int+Fee) |
| 0 |
| 0 |
| 109.8% - 121.5% |
| 8 - 32 |
| 8 |
| Outstanding portfolio (TZS) | TZS 1,755,687,167 |
| Portfolio (USD) | USD 1,104,205.77 |
| Active Clients with Loans | 58 |
| Approximate % Female Clients | 20% - 40% |
| Approximate % Urban Clients | 60% - 80% |
| 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 | x |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | x |
| Business training | x |
| 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 | |
| Other (2) |
| # Regions for this institution | 1 |
| # Regions for this product | 1 |
| Regions Active | Ruvuma |
| Outstanding portfolio (PHP) | PHP 7,003,678 |
| Portfolio (USD) | USD 167,552.11 |
| Active Clients with Loans | 100 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 40% - 60% |
| Individual | x |
| Solidarity group | |
| 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 | x |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | x |
| Business training | x |
| Other training | x |
| Other | Values Development, Personal Counselling and Life Skills Training |
| Other (2) | |
| No other services |
| Men | x |
| Women | x |
| Must run a business | x |
| Must own a home or land | x |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | Must be community resident for at least 5 years |
| 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 | 45,000,000 |
| Loans less than TZS 350,000 | 0 |
| TZS 350,000-1,250,000 | 15% |
| TZS 1,250,000-2,000,000 | 15% |
| TZS 2,000,000-3,000,000 | 10% |
| TZS 3,000,000-4,000,000 | 20% |
| Greater than TZS 4,000,000 | 20% |
| Shortest loan term | 3.0 months |
| Longest loan term | 18.0 months |
| Approx average | 9.0 months |
| Loans 3 months or less | 30% |
| Between 4 and 6 months | 40% |
| Between 7 and 9 months | 15% |
| Between 10 and 12 months | 5% |
| Between 13 and 18 months | 10% |
| 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 51,000 |
| Maximum loan size | 700,000 |
| Shortest loan term | 6.0 months |
| Longest loan term | 12.0 months |
| Approx average | 9.0 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 | 10.00% |
| Highest quoted nominal interest | 24.00% |
| Reason(s) why interest rate varies | Loan Purpose |
| 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 | 1.00% | 1.00% | |
| % of loan amount - max | 1.00% | 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 |
| Fee 1 | |
|---|---|
| Description | Monthly Monitoring Fee |
| % of loan amount - min | 0.17% |
| % of loan amount - max | 0.17% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | Percentage of disbursed amount charged per month which is equivalent to 2% per annum. |
| Appears on Repayment Sched? | 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 | 10.00% |
| Highest quoted nominal interest | 24.00% |
| Reason(s) why interest rate varies | Repayment period: if 4-month period, interest rate is 10%; 6-month period is 14%; 9-month period is 20%; 12-month period is 24% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Service Charge |
| % of loan amount - min | 1.00% |
| % of loan amount - max | 1.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | |
| 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 | 30.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | PHP 100 |
| Conditions on access to deposit | End Term |
| Minimum interest rate paid | 3.00% |
| Maximum interest rate paid | 3.00% |
| Interest payment frequency | Annually |
| 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 4,000,000 | TZS 5,000,000 | ||||
| Loan Cycle (1, 2, 3, etc) | 1 | 1 | 1 | 1 | 1 | ||||
| Disbursement Date | 2013-04-10 | 2013-02-23 | 2013-02-08 | 2013-04-02 | 2013-02-15 | ||||
| Loan Term (Months) | 5.0 months | 11.0 months | 11.0 months | 11.0 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 160,000 | TZS 580,000 | TZS 870,000 | TZS 1,160,000 | TZS 1,450,000 | ||||
| True Price by Comp | |||||||||
| Interest price component | 56.6% | 49.8% | 49.8% | 50.1% | 49.8% | ||||
| Fee Component | 15.1% | 8.9% | 8.8% | 8.9% | 8.8% | ||||
| Insurance Component | 5.3% | 2.5% | 2.6% | 2.6% | 2.6% | ||||
| 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) | 77.0% | 61.2% | 61.2% | 61.6% | 61.2% | ||||
| Transparency Index | 13 | 16 | 16 | 16 | 16 | ||||
| Original Repayment Schedule | |||||||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | PHP 60,000 | PHP 100,000 | PHP 150,000 | ||
| Loan Cycle (1, 2, 3, etc) | 2 | 21 | 25 | ||
| Disbursement Date | 2011-07-20 | 2011-07-21 | 2011-07-20 | ||
| Loan Term (Months) | 9.0 months | 9.0 months | 6.0 months | ||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
| Total Cost of Credit | Not Known | Not Known | Not Known | ||
| True Price by Comp | |||||
| Interest and Fee Component | 56.1% | 56.1% | 60.2% | ||
| Insurance Component | 0.0% | 0.0% | 0.0% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 53.8% | 53.8% | 61.3% | ||
| Full APR (int fee ins tax dep) | 109.8% | 109.9% | 121.5% | ||
| Transparency Index | 9 | 9 | 8 | ||
| 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 | ||||||
|---|---|---|---|---|---|---|
| Greater than: | ||||||
| Less or equal to: | ||||||
| N (# of Samples) | ||||||
| Total Borrrowers of Samples | ||||||
| Avg | ||||||
| Min | ||||||
| Max | ||||||
| Std Dev | ||||||
| By Inst Type | ||||||
| By Country | ||||||
| X Axis | ||||||
|---|---|---|---|---|---|---|
| Greater than: | ||||||
| Less or equal to: | ||||||
| From 0 to | ||||||
| to | ||||||
| to | ||||||
| to ∞ | ||||||
