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. FINCA Tanzania
Please note that the information you are viewing is 123 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

FINCA Tanzania M.F.C. Limited Plot # 84 Morogoro Rd,Dar es SalaamP.O Box 78783
Data approved: 2013-05-06
Data version: 2
Age of data: -   months 
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Small Group Loan Product 2 of 3 « Prev | Next »

Product Summary

Number borrowers2,808
Loan Amount (range)USD 300 - 10,000
Loan Term (range)4 - 30
Other Services (text summary)Credit Ins
Annual Interest & Method24.5%-29.9% annual, Decl Bal
FeesNone
Insurance1.90% ongoing
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)28.1% - 30.4%
Transparency Index (min/max)73 - 87
Transparency Index (average)83

Product Summary

8,196
TZS 350,000 - 4,000,000
6 - 12
Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits
64.8% annual, Decl Bal
1.00% upfront
None
None
10.0% upfront
 
58.4% - 76.0%
0 - 3.7%
0
0
78.9% - 80.6%
58 - 87
80

Product Details

Key Statistics
Outstanding portfolio (USD)USD 2,504,087.79
Portfolio (USD)USD 2,504,087.79
Active Clients with Loans2,808
Approximate % Female Clients40% - 60%
Approximate % Urban Clients60% - 80%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Este producto promueve el financiamiento del capital de trabajo y activos fijos dentro de las actividades económicas en el area urbana.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
OtherSolo para capital de Trabajo
Other (2)Activo Fijo,Mejora Local
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 3,423,127,197
Portfolio (USD)USD 2,152,910.19
Active Clients with Loans8,196
Approximate % Female Clients40% - 60%
Approximate % Urban Clients60% - 80%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
This loan is given to groups of between 5 to 10 members who can borrow up to TZS 4,000,000.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visitsx
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 institution17
# Regions for this productN/A
Regions Active

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 average10.0 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 350,000
Maximum loan size4,000,000
Distribution at Disbursement (Est.)
Loans less than TZS 350,0000
TZS 350,000-1,250,00090%
TZS 1,250,000-2,000,00010%
TZS 2,000,000-3,000,0000
TZS 3,000,000-4,000,0000
Greater than TZS 4,000,0000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term12.0 months
Approx average8.7 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months30%
Between 7 and 9 months40%
Between 10 and 12 months30%
Between 13 and 18 months0
Longer than 18 months0
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 interest24.46%
Highest quoted nominal interest29.92%
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
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
Ins 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
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 interest5.40%
Highest quoted nominal interest5.40%
Interest rate periodMonthly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionDisbursement 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?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?Yes
Do borrowers control deposit in their group?No
Deposit BEFORE or AT Disbursement
% loan amount deposited10.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositAccess During
Interest Paid on Deposit
Minimum interest rate paid0
Maximum interest rate paid0
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Full Pricing Data

CrediSimple samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountUSD 400USD 900USD 2,000USD 3,900USD 6,000
Loan Cycle (1, 2, 3, etc)3313Not Known
Disbursement Date2010-06-112010-06-102010-06-122010-06-102010-07-24
Loan Term (Months)6.0 months10.0 months10.0 months14.0 months16.0 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%27.2%26.5%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)30.3%30.4%29.8%28.1%28.1%
Transparency Index8180828787
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF

Full Pricing Data

Small Group Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountTZS 500,000TZS 1,000,000TZS 2,000,000TZS 3,000,000TZS 4,000,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2013-02-152013-02-212013-02-282013-02-222013-02-25
Loan Term (Months)6.0 months6.0 months8.0 months6.0 months6.0 months
Grace Period (Months)-0.1 months-0.1 months-0.1 months-0.1 months-0.1 months
Total Cost of CreditTZS 103,634.61TZS 207,269.22TZS 535,730.94TZS 621,807.65TZS 829,076.86
True Price by Comp         
Interest price component64.2%64.2%63.8%64.4%64.2%
Fee Component3.7%3.7%2.9%3.7%3.7%
Insurance Component0.0%0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component12.4%12.4%12.2%12.5%12.4%
Full APR (int fee ins tax dep)80.3%80.3%78.9%80.6%80.3%
Transparency Index8181828081
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF
CrediSimple Price Graphs
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.NGOInstitution TypeBusinessLoan PurposeINSOTECInstitutionEC-031-V01-P02ProductECCountry2010YearRange Number1Institution Data Version01,0002,0003,0004,0005,0006,000Loan Size (all)0%10%20%30%Full APR (int fee ins tax dep)> 70030030Number 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
Small Group Loan Price Graphs
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.NBFIInstitution TypeBusinessLoan PurposeFINCA TanzaniaInstitutionTZ-007-V02-P02ProductTZCountry2013YearRange Number2Institution Data Version01,000,0002,000,0003,000,0004,000,000Loan Size (all)0%20%40%60%80%Full APR (int fee ins tax dep)> 7,3005,5003,6001,800200Number 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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X Axis
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