2. Victoria
Please note that the information you are viewing is 157 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. FMB
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

Victoria Finance Ltd Plot 17, Lumumba StreetDar Es SalaamPO Box 12102
Data approved: 2011-12-18
Data version: 1
Age of data: 157 months

Institution

First Macro Bank B. Morcilla cor. P. Herrera Sts.Pateros, Metro Manila1621
Data approved: 2011-11-15
Data version: 1
Age of data: 158 months

Product

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Product

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Product Summary

Number borrowers115
Loan Amount (range)TZS 500,000 - 10,000,000
Loan Term (range)1 - 12
Other Services (text summary)Credit Educ
Annual Interest & Method30.00% annual, Flat
Fees2 fees
Insurance2.00% upfront
TaxNone
Comp DepN/A
Range of pricing 
Interest Price ComponentN/A
Fee Component59.7% - 69.9% (Int+Fee)
Insurance Component4.3% - 8.3%
Tax Component Range0
Full APR (int fee ins tax dep)67.6% - 78.2%
Transparency Index (min/max)0 - N/A
Transparency Index (average)42

Product Summary

1,500
PHP 5,000 - 150,000
1 - 6
Credit Ins, Tech Asst Visits
24.0%-36.0% annual, Flat
232.40-6,474.00 upfront 100.00-325.00 upfront
16.25-591.50 upfront
0.50% loan amt
10.00% ongoing
 
N/A
77.5% - 85.5% (Int+Fee)
1.5% - 35.2%
5.5% - 7.7%
92.7% - 102.3%
22 - 26
25

Product Details

Key Statistics
Outstanding portfolio (TZS)TZS 350,000,000
Portfolio (USD)USD 220,125.79
Active Clients with Loans115
Approximate % Female Clients20% - 40%
Approximate % Urban Clients80% - 100%
Methodology
Individualx
Solidarity groupx
Village banking
Self help group
Other
Description
These are business loans issued to owners of small businesses. The maximum loan amount is TZS 10,000,000 and maximum tenure is 12 months.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetings
Credit insurance
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
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 institutionN/A
# Regions for this productN/A
Regions Active

Product Details

Key Statistics
Outstanding portfolio (PHP)PHP 25,000,000
Portfolio (USD)USD 598,086.12
Active Clients with Loans1,500
Approximate % Female Clients80% - 100%
Approximate % Urban Clients60% - 80%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Individual micro-enterprise loan
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurancex
Workplace visitsx
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
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 institutionN/A
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyTZS
Minimum loan sizeTZS 500,000
Maximum loan size10,000,000
Loan Term and Grace Period
Shortest loan term1.0 month
Longest loan term12.0 months
Approx average8.0 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyPHP
Minimum loan sizePHP 5,000
Maximum loan size150,000
Loan Term and Grace Period
Shortest loan term1.0 month
Longest loan term6.0 months
Approx average4.0 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
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 interest30.00%
Highest quoted nominal interest30.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionApplication FeeSet Up Fee
% of loan amount - min02.00%
% of loan amount - max02.00%
OR, Fixed amount - min30,0000
Fixed amount - max30,0000
Reason for variationN/AN/A
Appears on Repayment Sched?NoNo
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsurance Commission
% of loan amount - min2.00%
% of loan amount - max2.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/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 depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Pricing Information

Interest
Lowest quoted nominal interest2.00%
Highest quoted nominal interest3.00%
Reason(s) why interest rate variesRandomly selected by the bank's system
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionBank ChargeProcessing Fee
% of loan amount - min00
% of loan amount - max00
OR, Fixed amount - min232.40100
Fixed amount - max6,474325
Reason for variationN/a
Appears on Repayment Sched?NoNo
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionMortgage Redemption Insurance
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min16.25
Fixed amount - max591.50
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited0
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited10.00%
or, Fixed-amount deposited0
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid1.00%
Maximum interest rate paid1.00%
Interest payment frequencyQuarterly
Taxes
Are taxes charged on this product?Yes
Percentage of fees0
All or some fees taxedN/A
Additional Comments
Bank charge = .83% of loan amount x loan term. Processing Fee = P1 or .25% of loan amount (for 4, and up). Insurance Fee = P2 for every P1 for 3 month loan (based on table of fees. Tax (Gross Receipts Tax) = 5% of accrued interest fee and fees (except insurance). Tax (Doc. Stamp) = P1 for every P2 per annum. For savings, opening account balance is P2. No deposit is required prior to disbursement. It is assumed that savings have been accumulated from previous loan cycles. Weekly savings required is 1% of loan amount / # of weeks

Full Pricing Data

Biashara Small Loan samples
Sample 1Sample 2Sample 3
Loan AmountTZS 1,000,000TZS 5,000,000TZS 5,000,000
Loan Cycle (1, 2, 3, etc)111
Disbursement Date2011-09-302011-09-302011-09-30
Loan Term (Months)6.0 months6.0 months6.0 months
Grace Period (Months)0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot Known
True Price by Comp     
Interest and Fee Component69.9%60.1%59.7%
Insurance Component8.3%7.9%7.9%
Tax Component0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)78.2%68.0%67.6%
Transparency Index384444
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF

Full Pricing Data

Unlad samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountPHP 7,000PHP 13,000PHP 30,000PHP 60,000PHP 90,000PHP 130,000
Loan Cycle (1, 2, 3, etc)2Not KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2011-05-272011-05-202011-05-062011-06-032011-04-082011-03-11
Loan Term (Months)4.0 months3.0 months3.0 months5.1 months6.1 months6.1 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot KnownNot KnownNot Known
True Price by Comp           
Interest and Fee Component85.5%81.0%77.5%77.7%78.3%78.7%
Insurance Component1.5%2.1%2.1%2.0%2.0%2.0%
Tax Component5.9%7.7%7.4%5.5%5.7%5.7%
Deposit Component9.4%6.0%5.7%8.5%8.9%8.6%
Full APR (int fee ins tax dep)102.3%96.8%92.7%93.7%94.9%95.1%
Transparency Index232526262525
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF
Biashara Small Loan 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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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