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 |
6,398 |
PHP 3,000 - 50,000 |
3 - 12 |
Group Mtgs |
18.0%-24.0% annual, Flat |
7.25% upfront |
0.50%-1.40% upfront 0.50%-1.40% upfront |
5.25% loan amt |
5.0% upfront 5.00% ongoing |
N/A |
53.1% - 98.3% (Int+Fee) |
9.1% - 23.7% |
0 - 11.5% |
128.4% - 178.0% |
9 - 14 |
12 |
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 39,353,526 |
Portfolio (USD) | USD 941,471.91 |
Active Clients with Loans | 6,398 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 60% - 80% |
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 | |
Group meetings | x |
Credit insurance | |
Workplace visits | |
Business training | |
Other training | |
Other | |
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 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 3,000 |
Maximum loan size | 50,000 |
Shortest loan term | 3.0 months |
Longest loan term | 12.0 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 | 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 | 1.50% |
Highest quoted nominal interest | 2.00% |
Reason(s) why interest rate varies | N/A |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | Yes |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Bank Charge |
% of loan amount - min | 7.25% |
% of loan amount - max | 7.25% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | |
Appears on Repayment Sched? | No |
Ins 1 | Ins 2 | ||
---|---|---|---|
Description | Cash Death Assistance | Credit Insurance | |
% of loan amount - min | 0.50% | 0.50% | |
% of loan amount - max | 1.40% | 1.40% | |
OR, Fixed amount - min | 0 | 0 | |
Fixed amount - max | 0 | 0 | |
Reason for variation | N/A | N/A | |
Appears on Repayment Sched? | No | No |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | Yes |
Do borrowers control deposit in their group? |
% loan amount deposited | 5.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 5.00% |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | End Term |
Minimum interest rate paid | 2.00% |
Maximum interest rate paid | 2.00% |
Interest payment frequency | Annually |
Are taxes charged on this product? | Yes |
Percentage of fees | 0 |
All or some fees taxed | N/A |
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 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | PHP 3,000 | PHP 8,000 | PHP 15,000 | PHP 30,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2011-06-09 | 2011-06-19 | 2011-07-29 | 2011-06-21 | |||
Loan Term (Months) | 3.0 months | 6.0 months | 8.0 months | 10.0 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 | 98.3% | 69.6% | 59.2% | 53.1% | |||
Insurance Component | 22.7% | 12.1% | 10.8% | 9.1% | |||
Tax Component | 10.3% | 0.0% | 5.4% | 4.8% | |||
Deposit Component | 46.8% | 46.7% | 54.9% | 73.0% | |||
Full APR (int fee ins tax dep) | 178.0% | 128.4% | 130.3% | 140.1% | |||
Transparency Index | 10 | 14 | 14 | 13 | |||
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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