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
Data approved: 2013-05-30
Data version: 2
Age of data: 135 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 |
