Institution Type | Bank |
Is this institution regulated? | Yes |
Website address | http://www.nmbtz.com/ |
Year established | 1997 |
Head of Institution | Mark Wiessing |
Regions active | Arusha, Dar es Salaam, Dodoma, Iringa, Kagera, Kigoma, Kilimanjaro, Lindi, Manyara, MaraMbeya, Morogoro, Mtwara, Mwanza, Pemba North, Pemba South, Pwani, Rukwa, Ruvuma, ShinyangaSingida, Tabora |
# Branches | 140 |
Total Portfolio (nat'l) | TZS 118,500,000,000 |
Total Portfolio (USD) | USD 74,528,301.89 |
Active clients with loans | 45,197 |
Approximate % female clients | 20% - 40% |
Approximate % urban clients | 60% - 80% |
Network affiliations | |
Funders | Rabobank, The Government of the United Republic of Tanzania, Public, National Investment Company Limited (NICOL) |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSE Loan | TZS 100,000 - 10,000,000 | 6 - 24 | 20% - 40% | 60% - 80% | Business | Women, Men, Have business, Loan must be secured, Applicant must be of 18 age and above | Credit Educ, Credit Ins, Tech Asst Visits, Business Training |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSE Loan | 24.00% annual, Decl Bal | 1 Fee | 1 Ins | None | N/A | 23.6% - 29.4% | 25% - 32.1% | 88 |
Outstanding portfolio (PHP) | PHP 104,774,813 |
Portfolio (USD) | USD 2,506,574.47 |
Active Clients with Loans | 5,103 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 0% - 20% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | |
Mortgage/housing | x |
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 | Transformation Program |
Other (2) | Environment Program |
No other services |
Men | x |
Women | x |
Must run a business | x |
Must own a home or land | |
Must be a salaried worker | x |
Must be specific age group | |
Other | Existing ASKI client or staff |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Currency | PHP |
Minimum loan size | PHP 10,000 |
Maximum loan size | 300,000 |
Shortest loan term | 6.0 months |
Longest loan term | 24.0 months |
Approx average | 12.0 months |
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 |
Lowest quoted nominal interest | 1.75% |
Highest quoted nominal interest | 1.75% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Service Fee | Business Development Service Support | |
% of loan amount - min | 3.00% | 0 | |
% of loan amount - max | 3.00% | 0 | |
OR, Fixed amount - min | 0 | 100 | |
Fixed amount - max | 0 | 100 | |
Reason for variation | N/A | ||
Appears on Repayment Sched? | No | No |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | Yes |
Do borrowers control deposit in their group? |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 10.00% |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | Access During |
Minimum interest rate paid | 1.75% |
Maximum interest rate paid | 1.75% |
Interest payment frequency | Monthly |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | PHP 15,000 | PHP 30,000 | PHP 50,000 | PHP 80,000 | PHP 100,000 | ||||
Loan Cycle (1, 2, 3, etc) | 1 | 2 | 2 | 2 | 2 | ||||
Disbursement Date | 2011-04-15 | 2011-04-19 | 2011-05-31 | 2011-05-13 | 2011-04-15 | ||||
Loan Term (Months) | 24.0 months | 12.0 months | 12.0 months | 24.0 months | 24.0 months | ||||
Grace Period (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 | ||||
True Price by Comp | |||||||||
Interest and Fee Component | 24.3% | 27.7% | 34.3% | 24.4% | 24.5% | ||||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Deposit Component | 29.7% | 11.1% | 9.5% | 2.9% | 2.3% | ||||
Full APR (int fee ins tax dep) | 53.9% | 38.8% | 43.9% | 27.4% | 26.8% | ||||
Transparency Index | 39 | 54 | 48 | 77 | 78 | ||||
Original Repayment Schedule | |||||||||
MFT Pricing Calculation |
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% Products with one or more insurances | |
% Products with compulsory deposits |
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