Number borrowers | 247 |
Loan Amount (range) | TZS 500,000 - 20,000,000 |
Loan Term (range) | 3 - 12 |
Other Services (text summary) | Credit Ins |
Annual Interest & Method | 19.5% annual, Flat |
Fees | 1.00% upfront 10,000.00 upfront |
Insurance | 1.00% upfront |
Tax | None |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | 28.8% - 45.6% |
Fee Component | 1.5% - 12.2% |
Insurance Component | 0.8% - 12.8% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 38.0% - 39.6% |
Transparency Index (min/max) | 31 - 56 |
Transparency Index (average) | 50 |
31,305 |
PHP 3,000 - 150,000 |
6 - 12 |
Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training |
24.0% annual, Flat |
2.00%-4.00% upfront 1.50%-3.00% upfront |
18.55-2,053.44 upfront |
0.50% loan amt |
100.00 upfront 0.37% ongoing |
N/A |
58.1% - 63.0% (Int+Fee) |
0.2% - 3.4% |
0.6% - 1.2% |
70.7% - 76.3% |
31 - 73 |
32 |
Outstanding portfolio (TZS) | TZS 696,570,261 |
Portfolio (USD) | USD 438,094.50 |
Active Clients with Loans | 247 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 100% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | For house renovation purpose |
Other (2) |
Credit education | |
Group meetings | |
Credit insurance | x |
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 | 4 |
# Regions for this product | 4 |
Regions Active | Arusha, Dar es Salaam, Dodoma, Kilimanjaro |
Outstanding portfolio (PHP) | PHP 254,217,055 |
Portfolio (USD) | USD 6,081,747.73 |
Active Clients with Loans | 31,305 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 20% - 40% |
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 | |
Other (2) | |
No other services |
Men | x |
Women | x |
Must run a business | x |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | x |
Other | Age must be 18 to 65 years old |
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 | 20,000,000 |
Loans less than TZS 350,000 | 0 |
TZS 350,000-1,250,000 | 10% |
TZS 1,250,000-2,000,000 | 5% |
TZS 2,000,000-3,000,000 | 20% |
TZS 3,000,000-4,000,000 | 15% |
Greater than TZS 4,000,000 | 15% |
Shortest loan term | 3.0 months |
Longest loan term | 12.0 months |
Approx average | 12.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 5% |
Between 7 and 9 months | 5% |
Between 10 and 12 months | 90% |
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 3,000 |
Maximum loan size | 150,000 |
Shortest loan term | 6.0 months |
Longest loan term | 12.0 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 | 19.50% |
Highest quoted nominal interest | 19.50% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Set up fee | Application Fee | |
% of loan amount - min | 1.00% | 0 | |
% of loan amount - max | 1.00% | 0 | |
OR, Fixed amount - min | 0 | 10,000 | |
Fixed amount - max | 0 | 10,000 | |
Reason for variation | N/A | N/A | |
Appears on Repayment Sched? | No | No |
Ins 1 | |
---|---|
Description | Insurance Fee |
% of loan amount - min | 1.00% |
% of loan amount - max | 1.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Required for | Never |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | N/A |
Do borrowers control deposit in their group? | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
Conditions on access to deposit | N/A |
Minimum interest rate paid | N/A |
Maximum interest rate paid | N/A |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
Lowest quoted nominal interest | 24.00% |
Highest quoted nominal interest | 24.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Service Charge | Filing Fee | |
% of loan amount - min | 2.00% | 1.50% | |
% of loan amount - max | 4.00% | 3.00% | |
OR, Fixed amount - min | 0 | 0 | |
Fixed amount - max | 0 | 0 | |
Reason for variation | N/A | ||
Appears on Repayment Sched? | No | No |
Ins 1 | |
---|---|
Description | Loan Insurance |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 18.55 |
Fixed amount - max | 2,053.44 |
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 | 0.37% |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | Access During |
Minimum interest rate paid | 2.00% |
Maximum interest rate paid | 2.00% |
Interest payment frequency | Weekly |
Are taxes charged on this product? | Yes |
Percentage of fees | 0 |
All or some fees taxed | N/A |
Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | TZS 1,000,000 | TZS 2,000,000 | TZS 3,000,000 | TZS 4,000,000 | TZS 5,000,000 | ||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
Disbursement Date | 2013-05-25 | 2013-05-06 | 2013-07-19 | 2013-07-22 | 2013-06-07 | ||||
Loan Term (Months) | 12.0 months | 12.0 months | 10.0 months | 12.0 months | 12.0 months | ||||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | ||||
Total Cost of Credit | TZS 225,541.68 | TZS 440,000 | TZS 557,500 | TZS 870,000 | TZS 1,085,000 | ||||
True Price by Comp | |||||||||
Interest price component | 33.7% | 33.6% | 33.4% | 33.6% | 33.7% | ||||
Fee Component | 3.9% | 2.9% | 3.0% | 2.4% | 2.4% | ||||
Insurance Component | 2.0% | 2.0% | 2.3% | 2.0% | 2.0% | ||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Full APR (int fee ins tax dep) | 39.6% | 38.5% | 38.7% | 38.0% | 38.1% | ||||
Transparency Index | 49 | 51 | 50 | 51 | 51 | ||||
Original Repayment Schedule | |||||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | PHP 3,000 | PHP 7,000 | PHP 15,000 | PHP 30,000 | PHP 60,000 | PHP 90,000 | |||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
Disbursement Date | 2011-06-09 | 2011-05-26 | 2011-05-26 | 2011-06-23 | 2011-05-26 | 2011-04-13 | |||||
Loan Term (Months) | 6.1 months | 6.1 months | 6.1 months | 11.9 months | 11.9 months | 11.9 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 | 58.1% | 59.2% | 63.0% | 60.9% | 61.0% | 61.0% | |||||
Insurance Component | 2.6% | 2.6% | 2.6% | 3.3% | 3.3% | 3.3% | |||||
Tax Component | 1.1% | 1.1% | 1.1% | 1.2% | 1.2% | 1.2% | |||||
Deposit Component | 9.7% | 7.8% | 5.7% | 10.8% | 10.6% | 10.3% | |||||
Full APR (int fee ins tax dep) | 71.5% | 70.7% | 72.4% | 76.3% | 76.2% | 75.9% | |||||
Transparency Index | 34 | 34 | 33 | 31 | 32 | 32 | |||||
Original Repayment Schedule | |||||||||||
MFT Pricing Calculation |
Key Statistics | |
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# 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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