Number borrowers | 843 |
Loan Amount (range) | TZS 100,000 - 15,000,000 |
Loan Term (range) | 6 - 24 |
Other Services (text summary) | |
Annual Interest & Method | 36.0% annual, Decl Bal |
Fees | 10,000.00 upfront |
Insurance | None |
Tax | None |
Comp Dep | N/A |
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) | 39.4% - 42.6% |
Transparency Index (min/max) | 21 - 91 |
Transparency Index (average) | 88 |
14,472 |
PHP 5,000 - 150,000 |
6 - 24 |
Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training, Transformation Program, Environment Program |
21.0%-36.0% annual, Flat |
3.00% upfront 100.00 upfront |
300.00 upfront 30.00 ongoing |
None |
10.00% ongoing |
N/A |
67.4% - 91.1% (Int+Fee) |
0 - 54.9% |
0 |
71.0% - 157.5% |
13 - 78 |
22 |
Outstanding portfolio (TZS) | TZS 660,345,396 |
Portfolio (USD) | USD 415,311.57 |
Active Clients with Loans | 843 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 80% - 100% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | x |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | |
Group meetings | |
Credit insurance | |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services | x |
Men | x |
Women | x |
Must run a business | |
Must own a home or land | |
Must be a salaried worker | x |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | 20 |
# Regions for this product | 6 |
Regions Active | Arusha, Dodoma, Mwanza, ShinyangaSingida, Tabora |
Outstanding portfolio (PHP) | PHP 219,300,668 |
Portfolio (USD) | USD 5,246,427.46 |
Active Clients with Loans | 14,472 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 0% - 20% |
Individual | x |
Solidarity group | |
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 | x |
Other | Transformation Program |
Other (2) | Environment Program |
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 | N/A |
# Regions for this product | N/A |
Regions Active |
Currency | TZS |
Minimum loan size | TZS 100,000 |
Maximum loan size | 15,000,000 |
Loans less than TZS 350,000 | 5% |
TZS 350,000-1,250,000 | 60% |
TZS 1,250,000-2,000,000 | 20% |
TZS 2,000,000-3,000,000 | 5% |
TZS 3,000,000-4,000,000 | 5% |
Greater than TZS 4,000,000 | 5% |
Shortest loan term | 6.0 months |
Longest loan term | 24.0 months |
Approx average | 12.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 30% |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 30% |
Between 13 and 18 months | 30% |
Longer than 18 months | 10% |
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 5,000 |
Maximum loan size | 150,000 |
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 | x |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 36.00% |
Highest quoted nominal interest | 36.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Application Fee |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 10,000 |
Fixed amount - max | 10,000 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
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 | 1.75% |
Highest quoted nominal interest | 3.00% |
Reason(s) why interest rate varies | Time as Client, Loan Size, Client Risk |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Service Fee | Business Development Support Service | |
% of loan amount - min | 3.00% | 0 | |
% of loan amount - max | 3.00% | 0 | |
OR, Fixed amount - min | 0 | 100 | |
Fixed amount - max | 0 | 100 | |
Reason for variation | N/A | ||
Appears on Repayment Sched? | No | No |
Ins 1 | |
---|---|
Description | ASKI MBA Life Insurance |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 300 |
Fixed amount - max | 300 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | ASKI MBA Life Insurance |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 30 |
Fixed amount - max | 30 |
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 | 10.00% |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | Access During |
Minimum interest rate paid | 1.00% |
Maximum interest rate paid | 1.00% |
Interest payment frequency | Monthly |
Are taxes charged on this product? | No |
Sample 2 | Sample 3 | Sample 4 | |||
---|---|---|---|---|---|
Loan Amount | TZS 300,000 | TZS 400,000 | TZS 1,000,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-05-20 | 2013-05-21 | 2013-08-19 | ||
Loan Term (Months) | 12.0 months | 12.0 months | 6.0 months | ||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
Total Cost of Credit | TZS 71,680 | TZS 92,160 | TZS 117,600 | ||
True Price by Comp | |||||
Interest price component | 35.9% | 35.9% | 35.8% | ||
Fee Component | 6.7% | 5.0% | 3.6% | ||
Insurance Component | 0.0% | 0.0% | 0.0% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 42.6% | 40.9% | 39.4% | ||
Transparency Index | 85 | 88 | 91 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | PHP 8,000 | PHP 14,000 | PHP 30,000 | PHP 60,000 | PHP 90,000 | PHP 120,000 | |||||
Loan Cycle (1, 2, 3, etc) | 1 | 4 | 1 | 3 | 3 | 6 | |||||
Disbursement Date | 2011-04-29 | 2011-04-15 | 2011-04-15 | 2011-04-29 | 2011-05-17 | 2011-05-25 | |||||
Loan Term (Months) | 6.0 months | 6.0 months | 6.0 months | 6.0 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 | 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 | 91.1% | 88.5% | 77.6% | 87.0% | 67.8% | 67.4% | |||||
Insurance Component | 54.9% | 20.6% | 5.1% | 4.8% | 2.8% | 2.1% | |||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Deposit Component | 11.6% | 8.8% | 5.7% | 4.3% | 2.0% | 1.5% | |||||
Full APR (int fee ins tax dep) | 157.5% | 117.9% | 88.4% | 96.1% | 72.6% | 71.0% | |||||
Transparency Index | 13 | 18 | 24 | 22 | 29 | 30 | |||||
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 |
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