2. VF^Tanzania
Please note that the information you are viewing is 133 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. Bonzali Rural
Please note that the information you are viewing is 162 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Vision Fund - Tanzania P.o.box 1546,Arusha TanzaniaArusha255
Data approved: 2014-04-01
Data version: 1
Age of data: 133 months

Institution

Bonzali Rural Bank KumbunguNorthern RegionPO Box 1197
Data approved: 2011-12-07
Data version: 1
Age of data: 162 months

Product

Mkombozi Product 4 of 5 « Prev | Next »

Product

Bonzali Microfinance Loan Product 2 of 4 « Prev | Next »

Product Summary

Number borrowers2,393
Loan Amount (range)TZS 50,000 - 1,000,000
Loan Term (range)6 - 8
Other Services (text summary)Credit Ins
Annual Interest & Method60.0% annual, Flat
Fees8.00% upfront
Insurance2.00% upfront
TaxNone
Comp Dep10.0% upfront
Range of pricing 
Interest Price Component45.2% - 59.1%
Fee Component2.0% - 16.9%
Insurance Component1.8% - 7.5%
Tax Component Range0
Full APR (int fee ins tax dep)69.9% - 81.9%
Transparency Index (min/max)32 - 86
Transparency Index (average)80

Product Summary

8,500
GHS 200 - 3,000
4 - 12
Credit Educ, Group Mtgs, Business Training
30.00% annual, Flat
1.00-2.00 upfront
None
None
10.00% upfront
 
N/A
80.1% - 81.3% (Int+Fee)
0
0
96.5% - 100.8%
14 - 51
30

Product Details

Key Statistics
Outstanding portfolio (TZS)TZS 586,342,567
Portfolio (USD)USD 368,768.91
Active Clients with Loans2,393
Approximate % Female Clients40% - 60%
Approximate % Urban Clients0
Methodology
Individual
Solidarity group
Village bankingx
Self help group
Other
Description
Mkombozi loan is an agricultural loan provided to a group of 10 to 15 members based in rural areas. The loan size could range from TZS 50,000 to 200, 000.
Loan Purpose
Any purpose
Income generation
Mortgage/housing
Consumer loan
Agriculturex
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a business
Must own a home or landx
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 institution4
# Regions for this product7
Regions ActiveDodoma, Kagera, Kilimanjaro, Morogoro, ShinyangaSingida, Tanga

Product Details

Key Statistics
Outstanding portfolio (GHS)GHS 2,104,100
Portfolio (USD)USD 1,068,071.07
Active Clients with Loans8,500
Approximate % Female Clients60% - 80%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
The Bonzali Microfinance loans have weekly, bi-weekly and monthly repayment loans. They are usually group loans using the group solidarity method.
Loan Purpose
Any purposex
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurance
Workplace visits
Business trainingx
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a business
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 50,000
Maximum loan size1,000,000
Distribution at Disbursement (Est.)
Loans less than TZS 350,00090%
TZS 350,000-1,250,00010%
TZS 1,250,000-2,000,0000
TZS 2,000,000-3,000,0000
TZS 3,000,000-4,000,0000
Greater than TZS 4,000,0000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term8.0 months
Approx average7.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months70%
Between 7 and 9 months30%
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end paymentx
Irregular payments

Loan Conditions

Loan Amount
CurrencyGHS
Minimum loan sizeGHS 200
Maximum loan size3,000
Loan Term and Grace Period
Shortest loan term4.0 months
Longest loan term12.0 months
Approx average6.0 months
Grace Period
Grace period usage100%
Average grace period1.0 month
Repayment Frequency
Daily
Weeklyx
Every 2 weeksx
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest5.00%
Highest quoted nominal interest5.00%
Reason(s) why interest rate variesNo Variation
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?Yes
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min8.00%
% of loan amount - max8.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsuarance
% 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 forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?Yes
Do borrowers control deposit in their group?No
Deposit BEFORE or AT Disbursement
% loan amount deposited10.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositFinal Pmt
Interest Paid on Deposit
Minimum interest rate paid0
Maximum interest rate paid0
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No
Additional Comments
62% of Vision Fund Tanzania clients are female and 52% lives in urban areas.

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 1
DescriptionMembership Fee
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min1
Fixed amount - max2
Reason for variationLoans above 500 GHS attract a fee of 2 cedis. Below it is 1 GHS
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
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 deposited10.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount depositedGHS 1 - N/A
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid6.00%
Maximum interest rate paid6.00%
Interest payment frequencyAnnually
Taxes
Are taxes charged on this product?No

Full Pricing Data

Mkombozi samples
Sample 1Sample 2Sample 3
Loan AmountTZS 250,000TZS 300,000TZS 350,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2014-02-122014-01-092014-04-01
Loan Term (Months)6.0 months7.0 months8.0 months
Grace Period (Months)0.0 months0.0 months0.0 months
Total Cost of CreditTZS 100,000TZS 120,000TZS 175,000
True Price by Comp     
Interest price component52.9%45.2%51.2%
Fee Component16.9%14.4%12.7%
Insurance Component4.4%3.8%3.4%
Tax Component0.0%0.0%0.0%
Deposit Component7.7%6.5%6.6%
Full APR (int fee ins tax dep)81.9%69.9%73.9%
Transparency Index738681
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF

Full Pricing Data

Bonzali Microfinance Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountGHS 300GHS 800GHS 1,600GHS 2,200
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2011-03-182011-03-182011-03-182011-03-18
Loan Term (Months)3.7 months3.7 months3.7 months3.7 months
Grace Period (Months)1.0 month1.0 month1.0 month1.0 month
Total Cost of CreditNot KnownNot KnownNot KnownNot Known
True Price by Comp       
Interest and Fee Component80.6%81.3%80.6%80.1%
Insurance Component0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component20.2%17.7%16.7%16.4%
Full APR (int fee ins tax dep)100.8%99.0%97.3%96.5%
Transparency Index30303131
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
Mkombozi Price Graphs
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.NGOInstitution TypeAgricultureLoan PurposeVF^TanzaniaInstitutionTZ-020-V01-P04ProductTZCountry2014YearRange Number1Institution Data Version0100,000200,000300,000Loan Size (all)0%20%40%60%80%Full APR (int fee ins tax dep)> 20010010Number of Borrowers
Click to view Price Analysis Tool
Bonzali Microfinance Loan Price Graphs
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.RurBankInstitution TypeAnyLoan PurposeBonzali RuralInstitutionGH-010-V01-P02ProductGHCountry2011YearRange Number1Institution Data Version05001,0001,5002,000Loan Size (all)0%20%40%60%80%100%Full APR (int fee ins tax dep)> 4,2003,1002,1001,000100Number of Borrowers** Note: not all bubble sizes in this graph represent number of borrowers, as some samples do not have this data available. These bubbles are shown as a uniform small size. The pop-up text on each bubble will indicate the product scale and the sample scale.
Click to view Price Analysis Tool
Caps / Zoom options
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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