Institution Type | Non-Governmental Organization |
Is this institution regulated? | No |
Website address | http://www.yosefo.org/ |
Year established | 1996 |
Head of Institution | Aletmius Millinga |
Regions active | |
# Branches | 6 |
Total Portfolio (nat'l) | TZS 3,516,132,881 |
Total Portfolio (USD) | USD 2,211,404.33 |
Active clients with loans | 17,135 |
Approximate % female clients | 60% - 80% |
Approximate % urban clients | 40% - 60% |
Network affiliations | TAMFI |
Funders | Miche Foundation, Stromme Foundation |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Benkijamii Loan | TZS 50,000 - 1,500,000 | 3 - 12 | 60% - 80% | 0% - 20% | Any Purpose | Women, Men, Have business, Belong to the community enjoying the services | Tech Asst Visits, Business Training | |||||||
Group Loan | TZS 50,000 - 2,000,000 | 3 - 12 | 60% - 80% | 60% - 80% | Business | Women, Men, Have business | Credit Ins | |||||||
Mavuno Loan | TZS 2,000,000 - 15,000,000 | 3 - 12 | 60% - 80% | 80% - 100% | Any Purpose | Women, Men, Have business, Have home or land | Credit Educ, Tech Asst Visits, Business Training |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Benkijamii Loan | 24.00%-29.00% annual, Flat | 1 Fee | 1 Ins | None | 25.00% upfront | 45.1% - 54.3% | 89.8% - 106.4% | 25 | ||||||||
Group Loan | 24.00%-29.00% annual, Flat | 1 Fee | 1 Ins | None | 25.00% upfront | 48.9% - 52.3% | 62% - 106.5% | 26 | ||||||||
Mavuno Loan | 24.00%-29.00% annual, Flat | 1 Fee | 1 Ins | None | 25.00% upfront | 49.6% - 51.5% | 88.6% - 91.8% | 26 |
Outstanding portfolio (PHP) | PHP 1,066,985.45 |
Portfolio (USD) | USD 25,525.97 |
Active Clients with Loans | 123 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 0% - 20% |
Individual | x |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | x |
Education | |
Other household finance | |
Other | Purchase of farm inputs |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | x |
Workplace visits | x |
Business training | x |
Other training | |
Other | Values Formation |
Other (2) | |
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 | Engaged in farming activities |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Currency | PHP |
Minimum loan size | PHP 5,000 |
Maximum loan size | 50,000 |
Shortest loan term | 4.0 months |
Longest loan term | 4.0 months |
Approx average | 4.0 months |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | x |
Irregular payments |
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 |
Fee 1 | |
---|---|
Description | Loan Service Fee |
% of loan amount - min | 3.00% |
% of loan amount - max | 3.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Loan Redemption Fee |
% of loan amount - min | 2.00% |
% of loan amount - max | 2.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | 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 | 5.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | PHP 200 |
Conditions on access to deposit | End Term |
Minimum interest rate paid | 2.00% |
Maximum interest rate paid | 4.00% |
Interest payment frequency | Quarterly |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | PHP 14,000 | PHP 15,000 | PHP 28,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | 20 | 6 | ||
Disbursement Date | 2011-03-17 | 2011-02-18 | 2011-02-01 | ||
Loan Term (Months) | 4.0 months | 4.0 months | 4.0 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 | 44.6% | 45.8% | 46.2% | ||
Insurance Component | 6.6% | 6.8% | 6.9% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 3.7% | 3.8% | 3.3% | ||
Full APR (int fee ins tax dep) | 55.0% | 56.5% | 56.4% | ||
Transparency Index | 65 | 64 | 64 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
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% Products with one or more insurances | |
% Products with compulsory deposits |
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