2. Mbinga
Please note that the information you are viewing is 135 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. HSPFI
Please note that the information you are viewing is 158 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Mbinga Community Bank Ltd Head QuartersMbinga, RuvumaPO Box 290
Data approved: 2013-03-20
Data version: 2
Age of data: 135 months
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Institution

Hagdan Sa Pag-uswag Foundation, Inc. RER Phase 2, National Highway, KauswaganCagayan de Oro City, Misamis Oriental9000
Data approved: 2011-11-15
Data version: 1
Age of data: 158 months

Product

Solidarity Group Loan Product 3 of 3 « Prev | Next »

Product

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Product Summary

Number borrowers882.70
Loan Amount (range)TZS 500,000 - 3,500,000
Loan Term (range)1 - 12
Other Services (text summary)Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training
Annual Interest & Method10.00%-30.00% annual, Flat
Fees2 fees
Insurance1.00%-2.50% upfront
TaxNone
Comp Dep30.00% upfront
Range of pricing 
Interest Price Component10.1% - 75.8%
Fee Component3.8% - 19.1%
Insurance Component1.2% - 5.6%
Tax Component Range0
Full APR (int fee ins tax dep)22.9% - 242.9%
Transparency Index (min/max)4 - 48
Transparency Index (average)8

Product Summary

818
PHP 10,000 - 40,000
3 - 10
Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training, Community Development Program
36.0% annual, Flat
4.00% upfront
170.00-300.00 upfront
None
5.0% upfront
 
N/A
84.5% - 85.9% (Int+Fee)
3.0% - 60.4%
0
99.6% - 108.9%
17 - 38
34

Product Details

Key Statistics
Outstanding portfolio (TZS)TZS 2,695,147,796
Portfolio (USD)USD 1,695,061.51
Active Clients with Loans882.70
Approximate % Female Clients40% - 60%
Approximate % Urban Clients20% - 40%
Methodology
Individualx
Solidarity groupx
Village banking
Self help group
Other
Description
Provides capital requirements for individuals organized in groups. Can be used for business or agricultural purposes.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculturex
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visitsx
Business trainingx
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age group
OtherMust run agricultural activities or business
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution1
# Regions for this product1
Regions ActiveRuvuma

Product Details

Key Statistics
Outstanding portfolio (PHP)PHP 2,100,000
Portfolio (USD)USD 50,239.23
Active Clients with Loans818
Approximate % Female Clients80% - 100%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity groupx
Village bankingx
Self help groupx
Other
Description
Additional capital for individual microentrepreneurs
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visitsx
Business trainingx
Other trainingx
OtherCommunity Development Program
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or landx
Must be a salaried worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyTZS
Minimum loan sizeTZS 500,000
Maximum loan size3,500,000
Distribution at Disbursement (Est.)
Loans less than TZS 350,0000
TZS 350,000-1,250,00040%
TZS 1,250,000-2,000,00020%
TZS 2,000,000-3,000,00020%
TZS 3,000,000-4,000,00020%
Greater than TZS 4,000,00020%
Loan Term and Grace Period
Shortest loan term1.0 month
Longest loan term12.0 months
Approx average6.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less40%
Between 4 and 6 months20%
Between 7 and 9 months30%
Between 10 and 12 months10%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyPHP
Minimum loan sizePHP 10,000
Maximum loan size40,000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term10.0 months
Approx average6.0 months
Grace Period
Grace period usage100%
Average grace periodDK
Repayment Frequency
Daily
Weeklyx
Every 2 weeksx
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest10.00%
Highest quoted nominal interest30.00%
Reason(s) why interest rate variesLoan Purpose, Agricultural loan interest is 10% p.a. Business loan interest is 30% p.a
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionLoan Application FeeLegal Set Up Fee
% of loan amount - min1.50%2.00%
% of loan amount - max1.50%2.00%
OR, Fixed amount - min00
Fixed amount - max00
Reason for variationN/AN/A
Appears on Repayment Sched?NoYes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionLoan insurance
% of loan amount - min1.00%
% of loan amount - max2.50%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationLoan term of 1-6months is 1%. Loans above 6-12months 2.5% rate may apply.
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited30.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount depositedTZS 10,000
Conditions on access to depositAccess During
Interest Paid on Deposit
Minimum interest rate paid3.50%
Maximum interest rate paid3.50%
Interest payment frequencyEnd Term
Taxes
Are taxes charged on this product?No

Pricing Information

Interest
Lowest quoted nominal interest3.00%
Highest quoted nominal interest3.00%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionService Charge
% of loan amount - min4.00%
% of loan amount - max4.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionMortuary Aid Fund
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min170
Fixed amount - max300
Reason for variationCovers client, spouse and 4 children below 21 years
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?Yes
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited5.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositAccess During
Interest Paid on Deposit
Minimum interest rate paid2.00%
Maximum interest rate paid5.00%
Interest payment frequencyAnnually
Taxes
Are taxes charged on this product?No

Full Pricing Data

Solidarity Group Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountTZS 450,000TZS 1,075,000TZS 2,000,000TZS 3,000,000
Loan Cycle (1, 2, 3, etc)1111
Disbursement Date2013-01-092013-02-082013-02-232013-01-09
Loan Term (Months)11.0 months5.0 months11.0 months11.0 months
Grace Period (Months)10.1 months-1.0 months-1.0 months10.1 months
Total Cost of CreditTZS 62,000TZS 220,375.02TZS 696,666.60TZS 413,330
True Price by Comp       
Interest price component10.1%75.8%61.8%10.1%
Fee Component4.1%19.1%8.9%4.1%
Insurance Component1.2%5.6%2.6%1.2%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component12.1%142.4%82.4%7.5%
Full APR (int fee ins tax dep)27.5%242.9%155.7%22.9%
Transparency Index364644
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF

Full Pricing Data

Individual Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountPHP 15,000PHP 16,000PHP 30,000PHP 30,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2011-05-102011-04-192011-06-022011-05-10
Loan Term (Months)9.3 months9.3 months9.3 months9.3 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot Known
True Price by Comp       
Interest and Fee Component85.2%84.5%85.9%84.5%
Insurance Component6.4%5.9%3.2%3.1%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component17.4%16.4%12.4%12.0%
Full APR (int fee ins tax dep)108.9%106.8%101.4%99.6%
Transparency Index33343536
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
Solidarity Group Loan Price Graphs


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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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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