Institution Type | Bank |
Is this institution regulated? | Yes |
Website address | http://www.acbtz.com |
Year established | 1997 |
Head of Institution | John Lwande |
Regions active | Arusha, Dar es Salaam, Dodoma, Kilimanjaro |
# Branches | 16 |
Total Portfolio (nat'l) | TZS 63,080,526,795 |
Total Portfolio (USD) | USD 39,673,287.29 |
Active clients with loans | 27,490 |
Approximate % female clients | 40% - 60% |
Approximate % urban clients | 100% |
Network affiliations | Tanzania Association For Microfinance Institutions-TAMFI |
Funders | ACCION International, SIDI, Stichting Hivos-Triodos Fonds, INCOFIN CVSO, Parastatal Pension Funds (PPF) |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Biashara Loans ( Individual) | TZS 500,000 - 50,000,000 | 3 - 24 | 40% - 60% | 40% - 60% | Business | Women, Men, Have business, Specific age group | Credit Ins | |||||||
Solidarity Group Loans | TZS 200,000 - 3,000,000 | 3 - 12 | 60% - 80% | 100% | Business | Women, Men, Have business, Specific age group | Credit Educ, Group Mtgs, Credit Ins | |||||||
Consumer Loans | TZS 100,000 - 35,000,000 | 6 - 36 | 20% - 40% | 100% | Any Purpose | Women, Men, Salaried worker, Specific age group | Credit Ins | |||||||
Home Improvement Loans | TZS 500,000 - 20,000,000 | 3 - 12 | 40% - 60% | 100% | For house renovation purpose | Women, Men, Have business, Have home or land, Specific age group | Credit Ins |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Biashara Loans ( Individual) | 20.0%-22.0% annual, Flat | 2 Fees | 1 Ins | None | N/A | 40.1% - 46.7% | 42% - 50.4% | 45 | ||||||||
Solidarity Group Loans | 27.0% annual, Flat | 1 Fee | 1 Ins | None | 20.0% upfront | 47.2% - 47.6% | 72% - 74.5% | 36 | ||||||||
Consumer Loans | 18.0% annual, Flat | 1 Fee | 1 Ins | None | N/A | 30.9% - 44.7% | 32.2% - 57.5% | 48 | ||||||||
Home Improvement Loans | 19.5% annual, Flat | 2 Fees | 1 Ins | None | N/A | 36% - 37.6% | 38% - 39.6% | 50 |
Outstanding portfolio (PHP) | PHP 90,071,216.34 |
Portfolio (USD) | USD 2,154,813.79 |
Active Clients with Loans | 5,591 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 80% - 100% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | |
Mortgage/housing | x |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | Sanitation |
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 | |
Must be a salaried worker | |
Must be specific age group | |
Other | Must have proof of right to construct house |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Currency | PHP |
Minimum loan size | PHP 15,000 |
Maximum loan size | 100,000 |
Shortest loan term | 18.0 months |
Longest loan term | 60.0 months |
Approx average | 0 |
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 | 1.20% |
Highest quoted nominal interest | 1.50% |
Reason(s) why interest rate varies | Each on time amortization is eligible for the 20% interest rate discount |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Administration Fee |
% of loan amount - min | 5.00% |
% of loan amount - max | 5.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | |
Appears on Repayment Sched? | No |
Ins 1 | Ins 2 | ||
---|---|---|---|
Description | Mortgage Redemption Insurance | Life Insurance | |
% of loan amount - min | 3.16% | 0 | |
% of loan amount - max | 3.16% | 0 | |
OR, Fixed amount - min | 0 | 240 | |
Fixed amount - max | 0 | 1,200 | |
Reason for variation | N/A | N/A | |
Appears on Repayment Sched? | No | 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 |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | PHP 15,000 | PHP 30,000 | PHP 50,000 | PHP 90,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2011-02-01 | 2009-04-22 | 2009-10-06 | 2009-05-06 | |||
Loan Term (Months) | 18.2 months | 36.4 months | 36.4 months | 36.4 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 | 40.6% | 35.4% | 35.3% | 35.3% | |||
Insurance Component | 5.0% | 2.4% | 1.8% | 1.4% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Full APR (int fee ins tax dep) | 45.6% | 37.8% | 37.1% | 36.7% | |||
Transparency Index | 32 | 38 | 39 | 39 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
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% Products with one or more insurances | |
% Products with compulsory deposits |
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