2. INSOTEC
Please note that the information you are viewing is 175 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. AKIBA
Please note that the information you are viewing is 139 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

INSOTEC Juan León Mera N24-12 y WilsonQuito, Pichincha
Data approved: 2010-11-08
Data version: 1
Age of data: 175 months

Institution

Akiba Commercial Bank Plc PO Box 669Amani Place Building, Ohio StreetDar es Salaam255
Data approved: 2013-08-28
Data version: 1
Age of data: 139 months

Product

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Product

Biashara Loans ( Individual) Product 1 of 7 « Prev | Next »

Product Summary

Number borrowers3,966
Loan Amount (range)USD 300 - 10,000
Loan Term (range)4 - 30
Other Services (text summary)Credit Ins
Annual Interest & Method22.3%-26.9% annual, Decl Bal
Fees1.90% ongoing
InsuranceNone
TaxNone
Comp DepN/A
Range of pricing 
Interest Price ComponentN/A
Fee Component24.8% - 27.3% (Int+Fee)
Insurance Component2.7% - 3.2%
Tax Component Range0
Full APR (int fee ins tax dep)28.0% - 30.5%
Transparency Index (min/max)73 - 87
Transparency Index (average)75

Product Summary

13,606
TZS 500,000 - 50,000,000
3 - 24
Credit Ins
20.0%-22.0% annual, Flat
1.00% upfront 10,000.00 upfront
1.00% upfront
None
N/A
 
28.8% - 45.6%
1.5% - 12.2%
0.8% - 12.8%
0
42.0% - 50.4%
31 - 56
45

Product Details

Key Statistics
Outstanding portfolio (USD)USD 3,443,769.36
Portfolio (USD)USD 3,443,769.36
Active Clients with Loans3,966
Approximate % Female Clients40% - 60%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Promueve el financiamiento de capital de trabajo y activos fijos, principalmente dentro de las actividades agropecuarias.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
OtherMejora Local
Other (2)
Included Services
Credit education
Group meetings
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Product Details

Key Statistics
Outstanding portfolio (TZS)TZS 46,470,317,963
Portfolio (USD)USD 29,226,615.07
Active Clients with Loans13,606
Approximate % Female Clients40% - 60%
Approximate % Urban Clients40% - 60%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
This is a product covering Micro and Small Enterprises with the loan ranging for TZS 500,000 up to TZS 50,000,000 only depending on the size and business requirements.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age groupx
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution4
# Regions for this product4
Regions ActiveArusha, Dar es Salaam, Dodoma, Kilimanjaro

Loan Conditions

Loan Amount
CurrencyUSD
Minimum loan sizeUSD 300
Maximum loan size10,000
Loan Term and Grace Period
Shortest loan term4.0 months
Longest loan term30.0 months
Approx average10.6 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
Every 2 weeksx
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyTZS
Minimum loan sizeTZS 500,000
Maximum loan size50,000,000
Distribution at Disbursement (Est.)
Loans less than TZS 350,0000
TZS 350,000-1,250,0000
TZS 1,250,000-2,000,0000
TZS 2,000,000-3,000,00010%
TZS 3,000,000-4,000,0005%
Greater than TZS 4,000,0005%
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term24.0 months
Approx average12.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months30%
Between 7 and 9 months10%
Between 10 and 12 months40%
Between 13 and 18 months10%
Longer than 18 months10%
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest22.28%
Highest quoted nominal interest26.92%
Reason(s) why interest rate variesBranch, Client Risk
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
Ongoing Fees
Fee 1
DescriptionSeguro de Desgravamen , Seguro de Vida
% of loan amount - min1.90%
% of loan amount - max1.90%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Pricing Information

Interest
Lowest quoted nominal interest20.00%
Highest quoted nominal interest22.00%
Reason(s) why interest rate variesLoan Size
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionSet up feeApplication Fee
% of loan amount - min1.00%0
% of loan amount - max1.00%0
OR, Fixed amount - min010,000
Fixed amount - max010,000
Reason for variationN/AN/A
Appears on Repayment Sched?NoNo
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsurance Fee
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Full Pricing Data

CrediAgro samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountUSD 400USD 950USD 1,900USD 4,000USD 6,700
Loan Cycle (1, 2, 3, etc)1333Not Known
Disbursement Date2010-07-102010-06-182010-06-082010-07-122010-07-09
Loan Term (Months)6.0 months10.0 months14.0 months18.0 months12.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot KnownNot Known
True Price by Comp         
Interest and Fee Component27.3%27.3%27.3%24.8%24.8%
Insurance Component3.1%3.2%3.2%3.2%3.2%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)30.4%30.5%30.5%28.0%28.1%
Transparency Index7373737979
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF

Full Pricing Data

Biashara Loans ( Individual) samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountTZS 500,000TZS 1,000,000TZS 2,000,000TZS 3,000,000TZS 4,000,000TZS 5,000,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2013-07-312013-07-302013-07-302013-07-292013-07-292013-07-30
Loan Term (Months)6.0 months6.0 months6.0 months12.0 months12.0 months12.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditTZS 75,000.02TZS 139,999.98TZS 270,000.02TZS 730,000TZS 969,999.96TZS 1,210,000.04
True Price by Comp           
Interest price component36.0%35.9%35.9%37.6%37.6%37.7%
Fee Component10.7%7.1%5.3%2.7%2.5%2.4%
Insurance Component3.7%3.6%3.6%2.0%2.0%1.9%
Tax Component0.0%0.0%0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)50.4%46.6%44.8%42.3%42.1%42.0%
Transparency Index404345474848
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF
CrediAgro Price Graphs
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.NGOInstitution TypeBusinessLoan PurposeINSOTECInstitutionEC-031-V01-P01ProductECCountry2010YearRange Number1Institution Data Version02,0004,0006,000Loan Size (all)0%10%20%30%Full APR (int fee ins tax dep)> 90040050Number of Borrowers** Note: not all bubble sizes in this graph represent number of borrowers, as some samples do not have this data available. These bubbles are shown as a uniform small size. The pop-up text on each bubble will indicate the product scale and the sample scale.
Click to view Price Analysis Tool
Biashara Loans ( Individual) Price Graphs
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.BankInstitution TypeBusinessLoan PurposeAKIBAInstitutionTZ-021-V01-P01ProductTZCountry2013YearRange Number1Institution Data Version01,000,0002,000,0003,000,0004,000,0005,000,000Loan Size (all)0%20%40%Full APR (int fee ins tax dep)> 1,3001,00060030030Number of Borrowers
Click to view Price Analysis Tool
Caps / Zoom options
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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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