Institution Type | Non-Governmental Organization |
Is this institution regulated? | Yes |
Website address | http://www.seda.or.tz |
Year established | 1996 |
Head of Institution | Adriam Merryman |
Regions active | Dodoma, Kilimanjaro, Mwanza, Shinyanga |
# Branches | 12 |
Total Portfolio (nat'l) | TZS 12,569,084,427 |
Total Portfolio (USD) | USD 7,905,084.55 |
Active clients with loans | 34,390 |
Approximate % female clients | 40% - 60% |
Approximate % urban clients | 40% - 60% |
Network affiliations | |
Funders |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Biashara | TZS 50,000 - 10,000,000 | 6 - 12 | 60% - 80% | 40% - 60% | Business | Women, Men, Have business, Have home or land, Specific age group | Other Training | |||||||
Kitita | TZS 1,000,000 - 10,000,000 | 3 - 12 | 20% - 40% | 100% | Business, Other | Women, Men, Have business, Have home or land, Specific age group | ||||||||
Jiendeleze | TZS 500,000 - 5,000,000 | 3 - 12 | 40% - 60% | 100% | Business | Women, Men, Have business, Have home or land | Other Training | |||||||
Mkombozi | TZS 50,000 - 1,000,000 | 6 - 8 | 40% - 60% | 0% | Agriculture | Women, Men, Have home or land | Credit Ins |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Biashara | 36.0% annual, Flat | 1 Fee | 1 Ins | None | 10.0% upfront | 64.8% - 66.5% | 78.9% - 81.1% | 45 | ||||||||
Kitita | 30.0% annual, Flat | 1 Fee | 1 Ins | None | 10.0% upfront | 52% - 52.4% | 64.2% - 66% | 46 | ||||||||
Jiendeleze | 30.0% annual, Flat | 1 Fee | 1 Ins | None | 20.0% upfront | 56% - 57.1% | 89.9% - 94.8% | 32 | ||||||||
Mkombozi | 60.0% annual, Flat | 1 Fee | 1 Ins | None | 10.0% upfront | 59.6% - 69.8% | 69.9% - 81.9% | 80 |
Outstanding portfolio (PHP) | PHP 110,184,264.70 |
Portfolio (USD) | USD 2,635,987.19 |
Active Clients with Loans | 39,182 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 0% - 20% |
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 | 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 | |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Currency | PHP |
Minimum loan size | PHP 1,000 |
Maximum loan size | 30,000 |
Shortest loan term | 6.0 months |
Longest loan term | 6.0 months |
Approx average | 6.0 months |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | x |
Every 2 weeks | |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 40.00% |
Highest quoted nominal interest | 40.00% |
Interest rate period | Yearly |
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 | 2.00% |
% of loan amount - max | 2.00% |
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 | 1.50% |
% of loan amount - max | 1.50% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Life Insurance |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 10 |
Fixed amount - max | 10 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | Yes |
Do borrowers control deposit in their group? |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | PHP 40 |
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 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | PHP 3,000 | PHP 7,000 | PHP 15,000 | PHP 20,000 | |||
Loan Cycle (1, 2, 3, etc) | 1 | 6 | 9 | Not Known | |||
Disbursement Date | 2011-04-29 | 2011-04-29 | 2011-04-20 | 2011-03-16 | |||
Loan Term (Months) | 5.6 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 | |||
Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | |||
True Price by Comp | |||||||
Interest and Fee Component | 92.6% | 92.6% | 88.0% | 90.2% | |||
Insurance Component | 39.0% | 21.1% | 13.1% | 11.9% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 58.0% | 12.6% | 4.7% | 3.6% | |||
Full APR (int fee ins tax dep) | 189.6% | 126.2% | 105.8% | 105.8% | |||
Transparency Index | 21 | 32 | 38 | 38 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Key Statistics | |
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Loan Portfolio (USD) | |
% Products using declining balance | |
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% 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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