Mwanga Community Bank - MFTransparency.org Truth In Lending Tables

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

Institution

Mwanga Community Bank MwangaKilimanjaroPO Box 333

Data approved: 2013-04-09

Data version: 2

Age of data: 135 months

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Institution Details

Institution Type	Bank
Is this institution regulated?	Yes
Website address	N/A
Year established	2000
Head of Institution	A.Y.Ghuhia
Regions active	Kilimanjaro
# Branches	1

Total Portfolio (nat'l)	TZS 5,079,003,643
Total Portfolio (USD)	USD 3,194,341.91
Active clients with loans	4,004
Approximate % female clients	20% - 40%
Approximate % urban clients	0% - 20%
Network affiliations	TAMFI
Funders

Loan Products » Summary

Agriculture

271 Borrowers

USD 243,786.45 Portfolio

Active Product

Group

672 Borrowers

USD 139,436.31 Portfolio

Active Product

Business

521 Borrowers

USD 691,823.90 Portfolio

Active Product

Salaried

2,162 Borrowers

USD 1,258,917.90 Portfolio

Active Product

Transport

340 Borrowers

USD 503,144.65 Portfolio

Low Volume Product

Staff

0 Borrowers

Portfolio

Low Volume Product

Note: MFTransparency presents full data for active products with over 50 borrowers. Basic data is shown for lower volume products

Loan Products » Conditions

Product Name	Loan Size Range	Loan Term (months)	% Female	% Urban	Loan Purpose	Eligibility	Other Services
Agriculture Loans	TZS 500,000 - 5,000,000	12	40% - 60%	0% - 20%	Business	Women, Men	Business Training
Group Loans	TZS 100,000 - 2,200,000	3 - 6	60% - 80%	0% - 20%	Business	Women, Men, Have business	Business Training
Business Loans	TZS 100,000 - 100,000,000	6 - 24	20% - 40%	0% - 20%	Business	Women, Men, Have business	Tech Asst Visits, Other Training
Salaried Loans	TZS 100,000 - 9,000,000	1 - 36	40% - 60%	60% - 80%	Consumer	Women, Men, Salaried worker	Credit Educ, Other Training

Loan Products » Pricing Information

Product Name	Annual Nominal Interest	Fees	Insurance	Taxes	Compulsory Deposit	APR (int+fee)	Full APR	Transparency Index
Agriculture Loans	30.00% annual, Decl Bal	1 Fee	1 Ins	None	15.00% upfront	31.9%	40.1%	74
Group Loans	30.00% annual, Flat	1 Fee	1 Ins	None	15.00% upfront	57.7% - 61.5%	78.8% - 86.5%	37
Business Loans	21.60% annual, Flat	1 Fee	1 Ins	None	15.00% upfront	32.2% - 41.1%	42.8% - 58.4%	43
Salaried Loans	10.00%-18.00% annual, Flat	1 Fee	1 Ins	None	N/A	34.4% - 37.9%	35.3% - 39.3%	26

Institution Price Graph

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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

CCT Credit Cooperative 5/F Joshua Center1428 Taft Avenue, ErmitaManila, NCR1000

Data approved: 2011-11-15

Data version: 1

Age of data: 158 months

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Product

Housing Loan Product 2 of 4 « Prev | Next »

Product Details

Key Statistics

Outstanding portfolio (PHP)	PHP 4,500,000
Portfolio (USD)	USD 107,655.50
Active Clients with Loans	120
Approximate % Female Clients	20% - 40%
Approximate % Urban Clients	40% - 60%

Methodology

Individual	x
Solidarity group
Village banking
Self help group
Other

Description

Loans extended to members for housing renovation purposes

Loan Purpose

Any purpose
Income generation
Mortgage/housing	x
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)

Included Services

Credit education	x
Group meetings	x
Credit insurance	x
Workplace visits	x
Business training	x
Other training	x
Other	values development, personal counselling, life skills training
Other (2)	health care
No other services

Eligibility

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 meet requirements of CCT regular business loan
Other (2)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	N/A
# Regions for this product	N/A
Regions Active

Loan Conditions

Loan Amount

Currency	PHP
Minimum loan size	PHP 10,000
Maximum loan size	30,000

Loan Term and Grace Period

Shortest loan term	12.0 months
Longest loan term	12.0 months
Approx average	12.0 months

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

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

Pricing Information

Interest

Lowest quoted nominal interest	1.50%
Highest quoted nominal interest	1.50%
Interest rate period	Monthly
Interest Rate Calculation Method	Flat
Subsidized by funder request?
Is rate fixed for entire loan term	Yes

Upfront Fees

	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

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

This product has no upfront insurance fees

Ongoing Insurance Fees

This product has no ongoing insurance fees

Compulsory Deposit

Required for	All
Criteria	N/A
Is deposit indicated on the repayment schedule?
Do borrowers control deposit in their group?

Deposit BEFORE or AT Disbursement

% loan amount deposited	30.00%
or, Fixed-amount deposited	0

Deposits DURING period payments

% loan amount deposited	0
or, Fixed-amount deposited	PHP 50
Conditions on access to deposit	Access During

Interest Paid on Deposit

Minimum interest rate paid	3.00%
Maximum interest rate paid	3.00%
Interest payment frequency	Annually

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Additional Comments

2% maintaining balance for CBU. Members are entitled to Patronage Refund based on interest paid. Rate is determined annually and rebate declared on April of the succeeding year.

Full Pricing Data

Housing Loan samples

	Sample 1	Sample 2	Sample 3	Sample 4
Loan Amount	PHP 20,000	PHP 20,000	PHP 20,000	PHP 30,000
Loan Cycle (1, 2, 3, etc)	Not Known	1	2	Not Known
Disbursement Date	2010-12-01	2010-10-20	2010-10-20	2011-06-27
Loan Term (Months)	11.7 months	11.7 months	11.7 months	11.7 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	36.9%	36.9%	36.9%	37.0%
Insurance Component	0.0%	0.0%	0.0%	0.0%
Tax Component	0.0%	0.0%	0.0%	0.0%
Deposit Component	18.7%	18.7%	19.4%	18.7%
Full APR (int fee ins tax dep)	55.6%	55.7%	56.3%	55.7%
Transparency Index	32	32	32	32

Original Repayment Schedule	PDF	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF	PDF

Housing 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

	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
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Institution

Institution Details

Loan Products » Summary

Loan Products » Conditions

Loan Products » Pricing Information

Institution Price Graph

Institution

Product

Product Details

Key Statistics

Methodology

Description

Loan Purpose

Included Services

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

Loan Conditions

Loan Amount

Loan Term and Grace Period

Grace Period

Repayment Frequency

Pricing Information

Interest

Upfront Fees

Ongoing Fees

Upfront Insurance Fees

Ongoing Insurance Fees

Compulsory Deposit

Deposit BEFORE or AT Disbursement

Deposits DURING period payments

Interest Paid on Deposit

Taxes

Additional Comments

Full Pricing Data

Housing Loan samples

Housing Loan Price Graphs

Total Borrowers of Samples

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