Number borrowers | 2,439 |
Loan Amount (range) | TZS 3,000,000 - 35,000,000 |
Loan Term (range) | 6 - 24 |
Other Services (text summary) | Group Mtgs, Credit Ins |
Annual Interest & Method | 22.0%-24.0% annual, Flat |
Fees | 1.00% upfront |
Insurance | 1.35% upfront |
Tax | None |
Comp Dep | 25.0% upfront 13,000.00 ongoing |
Range of pricing | |
Interest Price Component | 35.8% - 52.8% |
Fee Component | 2.0% - 6.7% |
Insurance Component | 0 - 5.1% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 77.9% - 80.5% |
Transparency Index (min/max) | 21 - 91 |
Transparency Index (average) | 27 |
19,732 |
PHP 3,000 - 50,000 |
6 - 24 |
Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Life Insurance |
25.0% annual, Flat |
5.00% upfront |
5.00 upfront 5.00 ongoing |
None |
5.00 upfront 5.00 ongoing |
N/A |
70.1% (Int+Fee) |
0 - 33.7% |
0 |
72.1% - 106.2% |
0 - 75 |
31 |
Outstanding portfolio (TZS) | TZS 8,761,921,729 |
Portfolio (USD) | USD 5,510,642.60 |
Active Clients with Loans | 2,439 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 80% - 100% |
Individual | x |
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 | x |
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 | |
Other (2) |
# Regions for this institution | 20 |
# Regions for this product | 26 |
Regions Active | Arusha, Dar es Salaam, Dodoma, Iringa, Kagera, Kigoma, Kilimanjaro, Lindi, Manyara, MaraMbeya, Morogoro, Mtwara, Mwanza, Pemba North, Pemba South, Pwani, Rukwa, Ruvuma, ShinyangaSingida, Tabora, Tanga, Zanzibar Central/South, Zanzibar North, Zanzibar Urban/West |
Outstanding portfolio (PHP) | PHP 146,270,315 |
Portfolio (USD) | USD 3,499,289.83 |
Active Clients with Loans | 19,732 |
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 | Life Insurance |
Other (2) | |
No other services |
Men | |
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 | TZS |
Minimum loan size | TZS 3,000,000 |
Maximum loan size | 35,000,000 |
Loans less than TZS 350,000 | 0 |
TZS 350,000-1,250,000 | 0 |
TZS 1,250,000-2,000,000 | 0 |
TZS 2,000,000-3,000,000 | 0 |
TZS 3,000,000-4,000,000 | 40% |
Greater than TZS 4,000,000 | 40% |
Shortest loan term | 6.0 months |
Longest loan term | 24.0 months |
Approx average | DK |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 20% |
Between 13 and 18 months | 30% |
Longer than 18 months | 50% |
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 | 50,000 |
Shortest loan term | 6.0 months |
Longest loan term | 24.0 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 | 22.00% |
Highest quoted nominal interest | 24.00% |
Reason(s) why interest rate varies | Loan Size, Loans < 5M pay 24% and loans > 5M pay 22%. |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Application 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? | Yes |
Ins 1 | |
---|---|
Description | Loan Insurance |
% of loan amount - min | 1.35% |
% of loan amount - max | 1.35% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Required for | All |
Criteria | Interest on deposit is paid every six months. |
Is deposit indicated on the repayment schedule? | No |
Do borrowers control deposit in their group? | No |
% loan amount deposited | 25.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | TZS 13,000 |
Conditions on access to deposit | When Leaving |
Minimum interest rate paid | 3.00% |
Maximum interest rate paid | 5.00% |
Interest payment frequency | End Term |
Are taxes charged on this product? | No |
Lowest quoted nominal interest | 25.00% |
Highest quoted nominal interest | 25.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Salamat Fund |
% 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 | |
---|---|
Description | Loan Insurance |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 5 |
Fixed amount - max | 5 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Loan Insurance |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 5 |
Fixed amount - max | 5 |
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? | Yes |
% loan amount deposited | 0 |
or, Fixed-amount deposited | PHP 5 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | PHP 5 |
Conditions on access to deposit | When Leaving |
Minimum interest rate paid | 0 |
Maximum interest rate paid | 0 |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | TZS 3,000,000 | TZS 3,800,000 | TZS 5,000,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-01-22 | 2013-06-12 | 2013-07-26 | ||
Loan Term (Months) | 12.0 months | 12.0 months | 12.0 months | ||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
Total Cost of Credit | TZS 790,500 | TZS 1,001,300 | TZS 1,317,500 | ||
True Price by Comp | |||||
Interest price component | 41.3% | 41.0% | 41.0% | ||
Fee Component | 2.0% | 2.0% | 2.0% | ||
Insurance Component | 2.7% | 2.7% | 2.7% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 34.5% | 33.2% | 32.2% | ||
Full APR (int fee ins tax dep) | 80.5% | 78.9% | 77.9% | ||
Transparency Index | 27 | 28 | 28 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | PHP 5,000 | PHP 7,000 | PHP 15,000 | PHP 30,000 | |||
Loan Cycle (1, 2, 3, etc) | 1 | 2 | 4 | 2 | |||
Disbursement Date | 2011-03-28 | 2011-03-15 | 2011-03-08 | 2011-01-31 | |||
Loan Term (Months) | 5.8 months | 5.8 months | 5.8 months | 5.8 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 | 70.1% | 70.1% | 70.1% | 70.1% | |||
Insurance Component | 33.7% | 7.1% | 3.3% | 1.7% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 2.3% | 1.2% | 0.6% | 0.3% | |||
Full APR (int fee ins tax dep) | 106.2% | 78.5% | 74.0% | 72.1% | |||
Transparency Index | 24 | 32 | 34 | 35 | |||
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 |
---|---|---|---|---|---|---|---|
X Axis | ||||||
---|---|---|---|---|---|---|
Greater than: | ||||||
Less or equal to: | ||||||
N (# of Samples) | ||||||
Total Borrrowers of Samples | ||||||
Avg | ||||||
Min | ||||||
Max | ||||||
Std Dev | ||||||
By Inst Type | ||||||
By Country | ||||||
X Axis | ||||||
---|---|---|---|---|---|---|
Greater than: | ||||||
Less or equal to: | ||||||
From 0 to | ||||||
to | ||||||
to | ||||||
to ∞ |