| Number borrowers | 3,536 |
| Loan Amount (range) | TZS 100,000 - 1,500,000 |
| Loan Term (range) | 4 - 9 |
| Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Other Training |
| Annual Interest & Method | 36.00% annual, Flat |
| Fees | 2.00% upfront |
| Insurance | 1.00% upfront |
| Tax | None |
| Comp Dep | 10.00% upfront |
| Range of pricing | |
| Interest Price Component | 48.7% - 65.6% |
| Fee Component | 4.2% - 7.7% |
| Insurance Component | 2.8% - 4.0% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 86.1% - 92.1% |
| Transparency Index (min/max) | 39 - 45 |
| Transparency Index (average) | 40 |
| 5,775 |
| PHP 5,000 - 50,000 |
| 2 - 12 |
| Group Mtgs, Tech Asst Visits, Business Training |
| 24.0% annual, Flat |
| 12.00% upfront 100.00 upfront |
| 0.70%-1.30% upfront |
| 5.00% loan amt |
| 5.00% ongoing |
| N/A |
| 72.8% - 75.5% (Int+Fee) |
| 3.1% - 3.6% |
| 5.2% - 6.4% |
| 85.1% - 86.8% |
| 22 - 29 |
| 28 |
| Outstanding portfolio (TZS) | TZS 1,100,000,000 |
| Portfolio (USD) | USD 691,823.90 |
| Active Clients with Loans | 3,536 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 60% - 80% |
| Individual | |
| Solidarity group | x |
| Village banking | x |
| 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 | |
| Business training | |
| Other training | x |
| 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 | 3 |
| # Regions for this product | 3 |
| Regions Active | Arusha, Dar es Salaam, Kilimanjaro |
| Outstanding portfolio (PHP) | PHP 16,000,000 |
| Portfolio (USD) | USD 382,775.12 |
| Active Clients with Loans | 5,775 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 0% - 20% |
| 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 | |
| Other (2) | |
| No other services |
| Men | |
| 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 | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Currency | TZS |
| Minimum loan size | TZS 100,000 |
| Maximum loan size | 1,500,000 |
| Loans less than TZS 350,000 | 50% |
| TZS 350,000-1,250,000 | 30% |
| TZS 1,250,000-2,000,000 | 20% |
| TZS 2,000,000-3,000,000 | 0 |
| TZS 3,000,000-4,000,000 | 0 |
| Greater than TZS 4,000,000 | 0 |
| Shortest loan term | 4.0 months |
| Longest loan term | 9.0 months |
| Approx average | 6.5 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 60% |
| Between 7 and 9 months | 40% |
| Between 10 and 12 months | 0 |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| Grace period usage | 100% |
| Average grace period | 0.6 months |
| 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 |
| Currency | PHP |
| Minimum loan size | PHP 5,000 |
| Maximum loan size | 50,000 |
| Shortest loan term | 2.0 months |
| Longest loan term | 12.0 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 | 3.00% |
| Highest quoted nominal interest | 3.00% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Loan Processing Fee |
| % of loan amount - min | 2.00% |
| % of loan amount - max | 2.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | Yes |
| Ins 1 | |
|---|---|
| Description | Credit Life, Funeral, Property |
| % 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? | Yes |
| Required for | All |
| Criteria | First Loan Cycle Security Deposit required is equal to 1% of the loan amount. |
| Is deposit indicated on the repayment schedule? | No |
| Do borrowers control deposit in their group? | Yes |
| % loan amount deposited | 10.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | End Term |
| Minimum interest rate paid | 0 |
| Maximum interest rate paid | 0 |
| Interest payment frequency | N/A |
| Are taxes charged on this product? | No |
| 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? | |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | Fee 2 | ||
|---|---|---|---|
| Description | Service Fee (per annum) | Notarial Fee | |
| % of loan amount - min | 12.00% | 0 | |
| % of loan amount - max | 12.00% | 0 | |
| OR, Fixed amount - min | 0 | 100 | |
| Fixed amount - max | 0 | 100 | |
| Reason for variation | N/A | ||
| Appears on Repayment Sched? | No | No |
| Ins 1 | |
|---|---|
| Description | Life Insurance |
| % of loan amount - min | 0.70% |
| % of loan amount - max | 1.30% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | 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 | 5.00% - N/A |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | End Term |
| Minimum interest rate paid | 0.50% |
| Maximum interest rate paid | 0.50% |
| Interest payment frequency | Quarterly |
| Are taxes charged on this product? | Yes |
| Percentage of fees | 0 |
| All or some fees taxed | N/A |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | TZS 100,000 | TZS 250,000 | TZS 500,000 | TZS 1,000,000 | |||
| Loan Cycle (1, 2, 3, etc) | 1 | 1 | Not Known | 3 | |||
| Disbursement Date | 2013-02-19 | 2013-02-19 | 2013-02-14 | 2013-02-19 | |||
| Loan Term (Months) | 6.0 months | 6.0 months | 6.0 months | 6.0 months | |||
| Grace Period (Months) | 0.4 months | 0.4 months | 0.4 months | 0.5 months | |||
| Total Cost of Credit | TZS 22,200 | TZS 53,100 | TZS 103,800 | TZS 210,000 | |||
| True Price by Comp | |||||||
| Interest price component | 65.6% | 62.0% | 61.2% | 60.8% | |||
| Fee Component | 7.7% | 7.7% | 7.7% | 7.6% | |||
| Insurance Component | 3.9% | 3.9% | 4.0% | 3.8% | |||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Deposit Component | 14.9% | 14.2% | 14.1% | 13.9% | |||
| Full APR (int fee ins tax dep) | 92.1% | 87.8% | 87.0% | 86.1% | |||
| Transparency Index | 39 | 41 | 41 | 42 | |||
| Original Repayment Schedule | |||||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | PHP 7,000 | PHP 15,000 | PHP 30,000 | ||
| Loan Cycle (1, 2, 3, etc) | 3 | 11 | Not Known | ||
| Disbursement Date | 2011-04-15 | 2011-06-08 | 2010-11-12 | ||
| Loan Term (Months) | 6.0 months | 5.9 months | 11.8 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 | 75.5% | 72.9% | 72.8% | ||
| Insurance Component | 3.1% | 3.2% | 3.4% | ||
| Tax Component | 5.2% | 5.2% | 6.1% | ||
| Deposit Component | 2.9% | 3.9% | 3.7% | ||
| Full APR (int fee ins tax dep) | 86.8% | 85.1% | 85.9% | ||
| Transparency Index | 28 | 28 | 28 | ||
| 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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