Opportunity Tanzania Limited - 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

Opportunity Tanzania Limited Head OfficeDar Es SalaamPO Box 80244

Data approved: 2013-02-22

Data version: 2

Age of data: 135 months

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Institution Details

Institution Type	Non Bank Financial Institution
Is this institution regulated?	No
Website address	http://www.opportunity.net/tanzania
Year established	2009
Head of Institution	Stanley Tsikirayi
Regions active	Arusha, Dar es Salaam, Kilimanjaro
# Branches	6

Total Portfolio (nat'l)	TZS 4,800,000,000
Total Portfolio (USD)	USD 3,018,867.93
Active clients with loans	8,670
Approximate % female clients	60% - 80%
Approximate % urban clients	60% - 80%
Network affiliations	Opportunity International, TAMFI
Funders	Opportunity International

Loan Products » Summary

Pamoja

3,536 Borrowers

USD 691,823.90 Portfolio

Active Product

Solidarity

5,071 Borrowers

USD 2,327,044.03 Portfolio

Active Product

Individual

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
Mkopo Pamoja - Trust Group Loan		TZS 100,000 - 1,500,000		4 - 9		60% - 80%		60% - 80%		Business		Women, Men, Have business		Credit Educ, Group Mtgs, Credit Ins, Other Training
Mkopo Vuka - Solidarity Group Loan		TZS 250,000 - 7,500,000		6 - 12		60% - 80%		60% - 80%		Business		Women, Men, Have business		Credit Educ, Group Mtgs, Credit Ins, Other Training

Loan Products » Pricing Information

Product Name		Annual Nominal Interest		Fees		Insurance		Taxes		Compulsory Deposit		APR (int+fee)		Full APR		Transparency Index
Mkopo Pamoja - Trust Group Loan		36.00% annual, Flat		1 Fee		1 Ins		None		10.00% upfront		68.4% - 73.3%		86.1% - 92.1%		40
Mkopo Vuka - Solidarity Group Loan		30.00% annual, Flat		1 Fee		1 Ins		None		10.00% upfront		52.9% - 59%		66.1% - 75.7%		41

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

Lorenzo Tan Multi-Purpose Cooperative Lorenzo TanTangub City, Misamis Occidental/Region X7214

Data approved: 2011-11-15

Data version: 1

Age of data: 158 months

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Product

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Product Details

Key Statistics

Outstanding portfolio (PHP)	PHP 67,214,449
Portfolio (USD)	USD 1,608,001.17
Active Clients with Loans	8,962
Approximate % Female Clients	80% - 100%
Approximate % Urban Clients	20% - 40%

Methodology

Individual	x
Solidarity group	x
Village banking	x
Self help group
Other

Description

Group loans for borrowers engaged in microenterprise activities or for business use

Loan Purpose

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

Included Services

Credit education	x
Group meetings	x
Credit insurance
Workplace visits	x
Business training	x
Other training	x
Other
Other (2)
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
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 3,000
Maximum loan size	15,000

Loan Term and Grace Period

Shortest loan term	3.0 months
Longest loan term	6.0 months
Approx average	6.0 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	3.00%
Highest quoted nominal interest	3.00%
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

	Ins 1
Description	Credit Insurance
% 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?	No

Ongoing Insurance Fees

	Ins 1
Description	Mutual Fund
% of loan amount - min	0
% of loan amount - max	0
OR, Fixed amount - min	10
Fixed amount - max	10
Reason for variation	N/A
Appears on Repayment Sched?	No

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	3.00%
or, Fixed-amount deposited	PHP 100

Deposits DURING period payments

% loan amount deposited	0
or, Fixed-amount deposited	PHP 10
Conditions on access to deposit	Access During

Interest Paid on Deposit

Minimum interest rate paid	5.00%
Maximum interest rate paid	5.00%
Interest payment frequency	Annually

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Additional Comments

2% CBU upfront; 1% savings

Full Pricing Data

Micro Grameen samples

	Sample 1	Sample 2	Sample 3
Loan Amount	PHP 3,000	PHP 8,000	PHP 15,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known
Disbursement Date	2011-08-24	2011-08-05	2011-09-02
Loan Term (Months)	6.0 months	6.0 months	6.0 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	138.9%	90.8%	90.9%
Insurance Component	20.3%	10.0%	7.3%
Tax Component	0.0%	0.0%	0.0%
Deposit Component	43.1%	17.1%	13.9%
Full APR (int fee ins tax dep)	202.2%	117.8%	112.2%
Transparency Index	18	31	32

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

Micro Grameen 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
	to
	to ∞

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

Micro Grameen samples

Micro Grameen Price Graphs

Total Borrowers of Samples

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