Number borrowers | 5,071 |
Loan Amount (range) | TZS 250,000 - 7,500,000 |
Loan Term (range) | 6 - 12 |
Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Other Training |
Annual Interest & Method | 30.00% annual, Flat |
Fees | 1.50% 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) | 66.1% - 75.7% |
Transparency Index (min/max) | 39 - 45 |
Transparency Index (average) | 41 |
131 |
PHP 10,000 - 150,000 |
6 |
Credit Ins, Formation Program, Provision of Social Services (medical mission, etc.) |
32.0% annual, Flat |
4.00% upfront |
6.52% upfront 370.00 upfront |
None |
5.00% ongoing |
N/A |
41.3% - 43.1% (Int+Fee) |
1.1% - 29.7% |
0 |
52.2% - 71.4% |
23 - 61 |
51 |
Outstanding portfolio (TZS) | TZS 3,700,000,000 |
Portfolio (USD) | USD 2,327,044.03 |
Active Clients with Loans | 5,071 |
Approximate % Female Clients | 60% - 80% |
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 | |
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 4,400,000 |
Portfolio (USD) | USD 105,263.16 |
Active Clients with Loans | 131 |
Approximate % Female Clients | 0% - 20% |
Approximate % Urban Clients | 0% - 20% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | x |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | |
Group meetings | |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | |
Other | Formation Program |
Other (2) | Provision of Social Services (medical mission, etc.) |
No other services |
Men | x |
Women | x |
Must run a business | |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Other | Involved in palay production |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Currency | TZS |
Minimum loan size | TZS 250,000 |
Maximum loan size | 7,500,000 |
Loans less than TZS 350,000 | 5% |
TZS 350,000-1,250,000 | 15% |
TZS 1,250,000-2,000,000 | 30% |
TZS 2,000,000-3,000,000 | 30% |
TZS 3,000,000-4,000,000 | 15% |
Greater than TZS 4,000,000 | 15% |
Shortest loan term | 6.0 months |
Longest loan term | 12.0 months |
Approx average | 6.5 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 70% |
Between 7 and 9 months | 30% |
Between 10 and 12 months | 0 |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 100% |
Average grace period | 0.7 months |
Daily | |
Weekly | |
Every 2 weeks | x |
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 10,000 |
Maximum loan size | 150,000 |
Shortest loan term | 6.0 months |
Longest loan term | 6.0 months |
Approx average | 6.0 months |
Grace period usage | 100% |
Average grace period | 6.0 months |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | x |
Irregular payments |
Lowest quoted nominal interest | 2.50% |
Highest quoted nominal interest | 2.50% |
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 | 1.50% |
% of loan amount - max | 1.50% |
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 | 32.00% |
Highest quoted nominal interest | 32.00% |
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 | 4.00% |
% of loan amount - max | 4.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | |
Appears on Repayment Sched? | No |
Ins 1 | Ins 2 | ||
---|---|---|---|
Description | Crop Insurance | Credit-Life Insurance | |
% of loan amount - min | 6.52% | 0 | |
% of loan amount - max | 6.52% | 0 | |
OR, Fixed amount - min | 0 | 370 | |
Fixed amount - max | 0 | 370 | |
Reason for variation | N/A | 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 | 5.00% |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | When Leaving |
Minimum interest rate paid | 5.00% |
Maximum interest rate paid | 5.00% |
Interest payment frequency | End Term |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | TZS 300,000 | TZS 500,000 | TZS 1,000,000 | TZS 2,000,000 | TZS 3,000,000 | TZS 5,000,000 | |||||
Loan Cycle (1, 2, 3, etc) | 1 | Not Known | 4 | 4 | 4 | 4 | |||||
Disbursement Date | 2013-02-19 | 2013-02-12 | 2012-11-30 | 2012-11-30 | 2012-11-30 | 2013-01-21 | |||||
Loan Term (Months) | 6.0 months | 6.0 months | 6.0 months | 6.0 months | 6.0 months | 8.0 months | |||||
Grace Period (Months) | 0.2 months | 0.1 months | 0.2 months | 0.2 months | 0.2 months | 0.2 months | |||||
Total Cost of Credit | TZS 54,300 | TZS 89,200 | TZS 179,700 | TZS 359,400 | TZS 540,400 | TZS 1,125,000 | |||||
True Price by Comp | |||||||||||
Interest price component | 52.0% | 53.2% | 51.5% | 51.5% | 51.6% | 48.7% | |||||
Fee Component | 5.5% | 5.8% | 5.5% | 5.5% | 5.5% | 4.2% | |||||
Insurance Component | 3.8% | 3.9% | 3.7% | 3.7% | 3.8% | 2.8% | |||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Deposit Component | 12.0% | 12.8% | 12.1% | 12.1% | 12.0% | 10.4% | |||||
Full APR (int fee ins tax dep) | 73.3% | 75.7% | 72.8% | 72.8% | 72.9% | 66.1% | |||||
Transparency Index | 41 | 40 | 41 | 41 | 41 | 45 | |||||
Original Repayment Schedule | |||||||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | PHP 20,000 | PHP 30,000 | PHP 70,000 | PHP 100,000 | PHP 115,000 | ||||
Loan Cycle (1, 2, 3, etc) | 4 | 1 | 4 | 2 | 1 | ||||
Disbursement Date | 2011-06-07 | 2011-07-22 | 2011-04-05 | 2011-04-26 | 2010-09-20 | ||||
Loan Term (Months) | 6.0 months | 6.0 months | 5.0 months | 5.0 months | 5.0 months | ||||
Grace Period (Months) | 6.0 months | 0.0 months | 5.0 months | 5.0 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 | 41.6% | 41.3% | 43.1% | 43.1% | 43.1% | ||||
Insurance Component | 29.7% | 26.4% | 9.3% | 9.1% | 28.3% | ||||
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) | 71.3% | 67.8% | 52.5% | 52.2% | 71.4% | ||||
Transparency Index | 45 | 47 | 61 | 61 | 45 | ||||
Original Repayment Schedule | |||||||||
MFT Pricing Calculation |
Key Statistics | |
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# 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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