Number borrowers | 2,389 |
Loan Amount (range) | TZS 500,000 - 5,000,000 |
Loan Term (range) | 3 - 12 |
Other Services (text summary) | Other Training |
Annual Interest & Method | 30.0% annual, Flat |
Fees | 2.00% upfront |
Insurance | 2.00% upfront |
Tax | None |
Comp Dep | 20.0% upfront |
Range of pricing | |
Interest Price Component | 45.2% - 59.1% |
Fee Component | 2.0% - 16.9% |
Insurance Component | 1.8% - 7.5% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 89.9% - 94.8% |
Transparency Index (min/max) | 32 - 86 |
Transparency Index (average) | 32 |
3,251 |
PHP 5,000 - 150,000 |
3 - 6 |
Credit Educ |
30.0%-36.0% annual, Flat |
2.00%-4.00% upfront 50.00 upfront |
0.75% upfront |
5.00% loan amt |
100.00 upfront 10.00% ongoing |
N/A |
72.0% - 93.2% (Int+Fee) |
4.5% - 16.7% |
3.3% - 14.3% |
91.4% - 120.1% |
18 - 53 |
29 |
Outstanding portfolio (TZS) | TZS 1,876,453,903 |
Portfolio (USD) | USD 1,180,159.69 |
Active Clients with Loans | 2,389 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 100% |
Individual | |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | |
Group meetings | |
Credit insurance | |
Workplace visits | |
Business training | |
Other training | x |
Other | |
Other (2) | |
No other services |
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) |
# Regions for this institution | 4 |
# Regions for this product | 11 |
Regions Active | Arusha, Dar es Salaam, Dodoma, Kagera, Kilimanjaro, Morogoro, Mwanza, ShinyangaSingida, Tabora, Tanga |
Outstanding portfolio (PHP) | PHP 42,501 |
Portfolio (USD) | USD 1,016.77 |
Active Clients with Loans | 3,251 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 80% - 100% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | |
Credit insurance | |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services |
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 | x |
Other | |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Currency | TZS |
Minimum loan size | TZS 500,000 |
Maximum loan size | 5,000,000 |
Loans less than TZS 350,000 | 0 |
TZS 350,000-1,250,000 | 70% |
TZS 1,250,000-2,000,000 | 5% |
TZS 2,000,000-3,000,000 | 10% |
TZS 3,000,000-4,000,000 | 5% |
Greater than TZS 4,000,000 | 5% |
Shortest loan term | 3.0 months |
Longest loan term | 12.0 months |
Approx average | 6.0 months |
Loans 3 months or less | 10% |
Between 4 and 6 months | 30% |
Between 7 and 9 months | 40% |
Between 10 and 12 months | 20% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
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 | |
Irregular payments |
Currency | PHP |
Minimum loan size | PHP 5,000 |
Maximum loan size | 150,000 |
Shortest loan term | 3.0 months |
Longest loan term | 6.0 months |
Approx average | 0 |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | x |
Every 2 weeks | x |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 2.50% |
Highest quoted nominal interest | 2.50% |
Reason(s) why interest rate varies | No Variation |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | Yes |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Application 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 |
Ins 1 | |
---|---|
Description | Insuarance |
% 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? | No |
% loan amount deposited | 20.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | Final Pmt |
Minimum interest rate paid | 0 |
Maximum interest rate paid | 0 |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
Lowest quoted nominal interest | 2.50% |
Highest quoted nominal interest | 3.00% |
Reason(s) why interest rate varies | Branch |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Service Charge | Notarial Fee | |
% of loan amount - min | 2.00% | 0 | |
% of loan amount - max | 4.00% | 0 | |
OR, Fixed amount - min | 0 | 50 | |
Fixed amount - max | 0 | 50 | |
Reason for variation | N/A | ||
Appears on Repayment Sched? | No | No |
Ins 1 | |
---|---|
Description | Mortgage Redemption Insurance |
% of loan amount - min | 0.75% |
% of loan amount - max | 0.75% |
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? | |
Do borrowers control deposit in their group? |
% loan amount deposited | 0 |
or, Fixed-amount deposited | PHP 100 |
% loan amount deposited | 10.00% |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | End Term |
Minimum interest rate paid | 0 |
Maximum interest rate paid | 0 |
Interest payment frequency | N/A |
Are taxes charged on this product? | Yes |
Percentage of fees | 0 |
All or some fees taxed | N/A |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | TZS 500,000 | TZS 800,000 | TZS 1,300,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2014-02-14 | 2014-02-18 | 2014-02-18 | ||
Loan Term (Months) | 6.0 months | 9.0 months | 9.0 months | ||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
Total Cost of Credit | TZS 95,000 | TZS 212,000 | TZS 344,500 | ||
True Price by Comp | |||||
Interest price component | 49.7% | 50.7% | 50.7% | ||
Fee Component | 7.4% | 5.3% | 5.3% | ||
Insurance Component | 7.5% | 5.3% | 5.3% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 30.2% | 28.6% | 28.6% | ||
Full APR (int fee ins tax dep) | 94.8% | 89.9% | 89.9% | ||
Transparency Index | 32 | 33 | 33 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | PHP 6,000 | PHP 15,000 | PHP 30,000 | PHP 58,000 | PHP 85,000 | PHP 120,000 | |||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
Disbursement Date | 2011-08-11 | 2011-06-29 | 2011-06-29 | 2011-06-24 | 2011-08-05 | 2011-03-16 | |||||
Loan Term (Months) | 3.0 months | 2.8 months | 2.8 months | 5.6 months | 5.6 months | 5.6 months | |||||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||||
Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
True Price by Comp | |||||||||||
Interest and Fee Component | 93.2% | 83.5% | 72.0% | 81.9% | 75.7% | 73.9% | |||||
Insurance Component | 8.3% | 9.2% | 8.1% | 5.0% | 4.6% | 4.5% | |||||
Tax Component | 7.3% | 5.6% | 14.3% | 5.2% | 5.6% | 5.4% | |||||
Deposit Component | 11.2% | 8.7% | 7.4% | 10.5% | 8.0% | 7.6% | |||||
Full APR (int fee ins tax dep) | 120.1% | 107.0% | 101.7% | 102.6% | 93.9% | 91.4% | |||||
Transparency Index | 25 | 28 | 29 | 29 | 32 | 33 | |||||
Original Repayment Schedule | |||||||||||
MFT Pricing Calculation |
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 |
Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
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