Number borrowers | 606 |
Loan Amount (range) | TZS 100,000 - 5,000,000 |
Loan Term (range) | 3 - 12 |
Other Services (text summary) | Credit Educ, Group Mtgs, Tech Asst Visits, Business Training |
Annual Interest & Method | 36.0%-48.0% annual, Flat |
Fees | 2.50%-3.00% upfront 15,000.00 upfront |
Insurance | 2.00% upfront |
Tax | None |
Comp Dep | 10.0%-20.0% upfront 1,500.00-2000.00 ongoing |
Range of pricing | |
Interest Price Component | 84.8% - 90.8% |
Fee Component | 7.3% - 97.4% |
Insurance Component | 6.0% - 12.6% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 154.9% - 299.1% |
Transparency Index (min/max) | 12 - 23 |
Transparency Index (average) | 19 |
32,951 |
PHP 5,000 - 50,000 |
6 |
Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training, Transformation Program, Environment Program |
36.0% annual, Flat |
3.00% upfront 100.00 upfront |
300.00 upfront 30.00 ongoing |
None |
10.00% ongoing |
N/A |
86.6% - 91.1% (Int+Fee) |
0 - 54.9% |
0 |
103.3% - 137.0% |
13 - 78 |
30 |
Outstanding portfolio (TZS) | TZS 236,174,979 |
Portfolio (USD) | USD 148,537.72 |
Active Clients with Loans | 606 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 0% - 20% |
Individual | x |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | x |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | |
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 | |
Other | |
Other (2) |
# Regions for this institution | 2 |
# Regions for this product | 2 |
Regions Active | Dar es Salaam, Pwani |
Outstanding portfolio (PHP) | PHP 160,657,949.70 |
Portfolio (USD) | USD 3,843,491.62 |
Active Clients with Loans | 32,951 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 0% - 20% |
Individual | |
Solidarity group | x |
Village banking | x |
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 | |
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 | 5,000,000 |
Loans less than TZS 350,000 | 40% |
TZS 350,000-1,250,000 | 40% |
TZS 1,250,000-2,000,000 | 15% |
TZS 2,000,000-3,000,000 | 5% |
TZS 3,000,000-4,000,000 | 0 |
Greater than TZS 4,000,000 | 0 |
Shortest loan term | 3.0 months |
Longest loan term | 12.0 months |
Approx average | 1.3 months |
Loans 3 months or less | 30% |
Between 4 and 6 months | 40% |
Between 7 and 9 months | 20% |
Between 10 and 12 months | 10% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 100% |
Average grace period | 0.2 months |
Daily | |
Weekly | x |
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 | 50,000 |
Shortest loan term | 6.0 months |
Longest loan term | 6.0 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 | 3.00% |
Highest quoted nominal interest | 4.00% |
Reason(s) why interest rate varies | Time as Client |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | Yes |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Loan Processing Fee | Membership Fee | |
% of loan amount - min | 2.50% | 0 | |
% of loan amount - max | 3.00% | 0 | |
OR, Fixed amount - min | 0 | 15,000 | |
Fixed amount - max | 0 | 15,000 | |
Reason for variation | Loans <2,000,000 =3%, loans>2,000,000 =2.5% | Only on first cycle loans. | |
Appears on Repayment Sched? | Yes | Yes |
Ins 1 | |
---|---|
Description | Death Recovery Insurance Fee |
% of loan amount - min | 2.00% |
% of loan amount - max | 2.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Required for | All |
Criteria | Upfront: 1st cycle =10%. Multiple cycle =20%. Ongoing = 1st & 2nd cycle = 1500 TZS each week. 3rd cycle onward = 2000 TZS each week. |
Is deposit indicated on the repayment schedule? | Yes |
Do borrowers control deposit in their group? | Yes |
% loan amount deposited | 10.00% - 20.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | TZS 1,500 - TZS 2,000 |
Conditions on access to deposit | End Term |
Minimum interest rate paid | 0 |
Maximum interest rate paid | 0 |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
Lowest quoted nominal interest | 3.00% |
Highest quoted nominal interest | 3.00% |
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 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | TZS 100,000 | TZS 300,000 | TZS 500,000 | TZS 1,000,000 | TZS 2,000,000 | ||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
Disbursement Date | 2013-07-24 | 2013-05-13 | 2013-04-26 | 2013-07-18 | 2013-02-25 | ||||
Loan Term (Months) | 4.9 months | 5.8 months | 4.9 months | 8.0 months | 9.0 months | ||||
Grace Period (Months) | 0.2 months | 0.2 months | 0.2 months | 0.2 months | 0.0 months | ||||
Total Cost of Credit | TZS 40,000 | TZS 87,000 | TZS 125,000 | TZS 370,000 | TZS 890,000 | ||||
True Price by Comp | |||||||||
Interest price component | 84.8% | 85.7% | 84.8% | 86.3% | 90.8% | ||||
Fee Component | 97.4% | 12.6% | 14.5% | 9.9% | 7.3% | ||||
Insurance Component | 12.6% | 8.6% | 10.1% | 6.9% | 6.0% | ||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Deposit Component | 104.3% | 75.0% | 64.5% | 55.0% | 50.8% | ||||
Full APR (int fee ins tax dep) | 299.1% | 181.9% | 173.9% | 158.1% | 154.9% | ||||
Transparency Index | 12 | 20 | 21 | 23 | 23 | ||||
Original Repayment Schedule | |||||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | PHP 8,000 | PHP 15,000 | PHP 30,000 | ||
Loan Cycle (1, 2, 3, etc) | 2 | 4 | 1 | ||
Disbursement Date | 2011-04-29 | 2011-04-29 | 2011-04-28 | ||
Loan Term (Months) | 6.0 months | 6.0 months | 6.0 months | ||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
Total Cost of Credit | Not Known | Not Known | Not Known | ||
True Price by Comp | |||||
Interest and Fee Component | 91.1% | 88.2% | 86.6% | ||
Insurance Component | 35.8% | 19.2% | 9.6% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 10.0% | 8.7% | 7.0% | ||
Full APR (int fee ins tax dep) | 137.0% | 116.1% | 103.3% | ||
Transparency Index | 26 | 31 | 35 | ||
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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