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Institution
Data approved: 2013-05-30
Data version: 2
Age of data: 136 months
Key Statistics
| Outstanding portfolio (TZS) | TZS 326,882,769.50 |
| Portfolio (USD) | USD 205,586.65 |
| Active Clients with Loans | 160 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 80% - 100% |
Methodology
| Individual | |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other | |
Description
The loan purpose is to finance a wide range of working capital requirements for micro and small entrepreneurs.
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 | x |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services | |
Eligibility
| 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) | |
Portfolio Size by Product
Geographic Coverage
| # Regions for this institution | 4 |
| # Regions for this product | 4 |
| Regions Active | Dar es Salaam, Mara, Mtwara, Pwani |
Loan Conditions
Loan Amount
| Currency | TZS |
| Minimum loan size | TZS 500,000 |
| Maximum loan size | 50,000,000 |
Distribution at Disbursement (Est.)
| Loans less than TZS 350,000 | 0 |
| TZS 350,000-1,250,000 | 10% |
| TZS 1,250,000-2,000,000 | 10% |
| TZS 2,000,000-3,000,000 | 10% |
| TZS 3,000,000-4,000,000 | 20% |
| Greater than TZS 4,000,000 | 20% |
Loan Term and Grace Period
| Shortest loan term | 6.0 months |
| Longest loan term | 18.0 months |
| Approx average | 12.0 months |
Distribution at Disbursement (Est.)
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 15% |
| Between 7 and 9 months | 50% |
| Between 10 and 12 months | 30% |
| Between 13 and 18 months | 5% |
| Longer than 18 months | 0 |
Grace Period
| Grace period usage | 0 |
| Average grace period | 0 |
Repayment Frequency
| 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 | |
Pricing Information
Interest
| Lowest quoted nominal interest | 40.08% |
| Highest quoted nominal interest | 40.08% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | Yes |
| Is rate fixed for entire loan term | Yes |
Upfront Fees
| Fee 1 | | Fee 2 |
|---|
| Description | Loan Application Fee | | Loan Processing Fee |
| % of loan amount - min | 0 | | 6.00% |
| % of loan amount - max | 0 | | 6.00% |
| OR, Fixed amount - min | 20,000 | | 0 |
| Fixed amount - max | 20,000 | | 0 |
| Reason for variation | N/A | | N/A |
| Appears on Repayment Sched? | Yes | | No |
Ongoing Fees
This product has no ongoing feesUpfront Insurance Fees
This product has no upfront insurance feesOngoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
| Required for | Never |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | N/A |
| Do borrowers control deposit in their group? | N/A |
Deposit BEFORE or AT Disbursement
| % loan amount deposited | N/A |
| or, Fixed-amount deposited | N/A |
Deposits DURING period payments
| % loan amount deposited | N/A |
| or, Fixed-amount deposited | N/A |
| Conditions on access to deposit | N/A |
Interest Paid on Deposit
| Minimum interest rate paid | N/A |
| Maximum interest rate paid | N/A |
| Interest payment frequency | N/A |
Taxes
| Are taxes charged on this product? | No |
Additional Comments
Funding source for this product is MYC4. The processing fee is distributed as follows: 4% Tujijenge and 2% MYC4.
Full Pricing Data
MYC4 Loan samples
| Sample 1 | | Sample 2 | | Sample 3 | | Sample 4 | | Sample 5 | | Sample 6 |
|---|
| Loan Amount | TZS 520,997.40 | | TZS 1,043,200 | | TZS 2,000,000 | | TZS 3,216,350 | | TZS 4,176,200 | | TZS 5,215,012.60 |
| Loan Cycle (1, 2, 3, etc) | 1 | | 1 | | 1 | | 2 | | 2 | | 1 |
| Disbursement Date | 2012-08-21 | | 2013-01-17 | | 2012-11-07 | | 2012-11-30 | | 2012-11-26 | | 2012-10-25 |
| Loan Term (Months) | 6.0 months | | 6.0 months | | 6.0 months | | 8.0 months | | 8.0 months | | 8.0 months |
| Grace Period (Months) | 0.0 months | | 0.1 months | | 0.0 months | | 0.0 months | | 0.0 months | | 0.1 months |
| Total Cost of Credit | TZS 139,586.32 | | TZS 259,449.28 | | TZS 479,066.94 | | TZS 914,431.82 | | TZS 1,194,136.38 | | TZS 1,486,198 |
| True Price by Comp | | | | | | | | | | | |
| Interest price component | 54.3% | | 55.2% | | 55.0% | | 54.9% | | 54.7% | | 54.5% |
| Fee Component | 37.2% | | 29.9% | | 26.3% | | 19.8% | | 19.0% | | 18.6% |
| Insurance Component | 0.0% | | 0.0% | | 0.0% | | 0.0% | | 0.0% | | 0.0% |
| Tax Component | 0.0% | | 0.0% | | 0.0% | | 0.0% | | 0.0% | | 0.0% |
| Deposit Component | 0.0% | | 0.0% | | 0.0% | | 0.0% | | 0.0% | | 0.0% |
| Full APR (int fee ins tax dep) | 91.5% | | 85.1% | | 81.3% | | 74.7% | | 73.7% | | 73.1% |
| Transparency Index | 44 | | 47 | | 49 | | 54 | | 54 | | 55 |
| | | | | | | | | | | | |
| Original Repayment Schedule | PDF | | PDF | | PDF | | PDF | | PDF | | PDF |
| MFT Pricing Calculation | PDF | | PDF | | PDF | | PDF | | PDF | | PDF |
