Akiba Commercial Bank Plc - Consumer Loans - MFTransparency.org Truth In Lending Tables

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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

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Product

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Product Details

Key Statistics

Outstanding portfolio (TZS)	TZS 6,512,657,418
Portfolio (USD)	USD 4,096,010.96
Active Clients with Loans	2,755
Approximate % Female Clients	20% - 40%
Approximate % Urban Clients	100%

Methodology

Individual	x
Solidarity group
Village banking
Self help group
Other

Description

This is salaried based loans whereby the employer will guarantee their employees to access the loan to the for the period ranging 6 to 36 months

Loan Purpose

Any purpose	x
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)

Included Services

Credit education
Group meetings
Credit insurance	x
Workplace visits
Business training
Other training
Other
Other (2)
No other services

Eligibility

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	x
Other
Other (2)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	4
# Regions for this product	3
Regions Active	Arusha, Dar es Salaam, Kilimanjaro

Loan Conditions

Loan Amount

Currency	TZS
Minimum loan size	TZS 100,000
Maximum loan size	35,000,000

Distribution at Disbursement (Est.)

Loans less than TZS 350,000	0
TZS 350,000-1,250,000	5%
TZS 1,250,000-2,000,000	5%
TZS 2,000,000-3,000,000	20%
TZS 3,000,000-4,000,000	20%
Greater than TZS 4,000,000	20%

Loan Term and Grace Period

Shortest loan term	6.0 months
Longest loan term	36.0 months
Approx average	36.0 months

Distribution at Disbursement (Est.)

Loans 3 months or less	0
Between 4 and 6 months	0
Between 7 and 9 months	5%
Between 10 and 12 months	5%
Between 13 and 18 months	10%
Longer than 18 months	80%

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

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

Pricing Information

Interest

Lowest quoted nominal interest	18.00%
Highest quoted nominal interest	18.00%
Interest rate period	Yearly
Interest Rate Calculation Method	Flat
Subsidized by funder request?	No
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1
Description	Set up 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	Minimum charge= TZS 20,000.
Appears on Repayment Sched?	No

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	Ins 1
Description	Insurance Fee
% of loan amount - min	1.00%
% of loan amount - max	1.00%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	Minimum charge= TZS 20,000.
Appears on Repayment Sched?	No

Ongoing Insurance Fees

This product has no ongoing insurance fees

Compulsory Deposit

Required for	Never
Criteria	N/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 deposited	N/A
or, Fixed-amount deposited	N/A

Deposits DURING period payments

% loan amount deposited	N/A
or, Fixed-amount deposited	N/A
Conditions on access to deposit	N/A

Interest Paid on Deposit

Minimum interest rate paid	N/A
Maximum interest rate paid	N/A
Interest payment frequency	N/A

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Full Pricing Data

Consumer Loans samples

	Sample 3	Sample 4	Sample 5	Sample 6
Loan Amount	TZS 600,000	TZS 1,000,000	TZS 3,000,000	TZS 5,000,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known	Not Known
Disbursement Date	2013-07-11	2013-07-31	2013-07-27	2013-07-31
Loan Term (Months)	7.0 months	24.0 months	24.0 months	38.0 months
Grace Period (Months)	-0.6 months	1.0 month	-0.1 months	-0.3 months
Total Cost of Credit	TZS 97,900.01	TZS 387,000.08	TZS 1,165,500	TZS 2,849,999.89
True Price by Comp
Interest price component	32.5%	28.8%	31.1%	29.9%
Fee Component	12.2%	2.1%	2.2%	1.5%
Insurance Component	12.8%	2.1%	1.1%	0.8%
Tax Component	0.0%	0.0%	0.0%	0.0%
Deposit Component	0.0%	0.0%	0.0%	0.0%
Full APR (int fee ins tax dep)	57.5%	33.0%	34.4%	32.2%
Transparency Index	31	55	52	56

Original Repayment Schedule	PDF	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF	PDF

Consumer Loans Price Graphs

Loan Size/

Loan Term/

Custom

Click to view Price Analysis Tool

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
Adhikar	35,300	2,674,000	1	143
AMPL	0	0	0	143
Arman	41,500	529,107,000	1	143
Arohan	43,500	8,091,000	2	143
ASA INDIA	164,000	15,380,000	1	143
Asirvad	113,500	19,328,000	1	143
Asmitha	1,114,800	217,867,000	1	143
Bandhan	4,048,600	674,564,000	5	143
Belstar	123,000	23,945,000	2	122
BSFL	275,200	31,590,000	3	143
Chaitanya	20,700	3,748,000	3	143
Disha Microfin	69,000	14,332,000	2	143
Equitas	1,220,000	186,415,000	4	143
ESAF	354,200	43,500,000	5	143
FFSL	150,600	35,719,000	2	143
Fusion	66,800	9,820,000	2	143
Grama Vidiyal	738,200	102,101,000	1	143
Grameen Koota	586,600	83,555,000	15	145
Janalakshmi	506,000	119,077,000	2	143
L & T Finance	399,800	37,199,000	1	143
MFL	331,800	49,083,000	1	143
MMFL	175,000	23,752,000	2	143
Mpower	13,600	2,263,000	2	143
Sahayata	0	0	0	143
Saija	24,700	4,682,000	2	143
Samasta	45,500	4,809,000	2	143
Satin	405,600	90,174,000	2	143
SCCI	115,600	15,910,000	2	143
Share	2,195,400	376,727,000	1	143
SKS	3,409,000	355,029,000	2	143
SMILE	360,200	56,927,000	1	143
SNFL	9,400	1,779,000	1	143
Sonata Finance	158,200	22,724,000	3	145
Spandana	533,400	147,240,000	2	143
Suryoday	78,600	14,713,000	3	143
SVCL	118,200	18,886,000	1	143
Swadhaar	92,800	17,166,000	3	143
Trident	68,700	8,852,000	1	143
Ujjivan	913,300	160,848,000	5	143
Utkarsh	168,600	25,915,000	3	143
VFS	175,400	19,264,000	2	143
Asomi	50,300	4,743,000	2	176
AES India	3,600	286,000	1	176
Arth	2,900	611,000	2	176
Asomi	50,300	4,743,000	2	176
Barasat GS	1,100	99,508.02	1	176
BJS	6,000	468,000	1	176
Cashpor	417,000	50,452,000	1	175
Credible	10,000	1,669,540.36	2	176
DIBAKAR	1,800	145,000	1	175
GOF	65,200	5,388,000	4	175
Hope	62,600	4,407,000	1	173
Jaago	2,700	237,000	1	174
LOK	4,900	573,000	1	175
Nano	25,600	3,660,000	2	176
NBSAAVS	28,100	2,821,000	1	173
Nirantara	8,200	917,000	2	175
Parama	7,100	482,000	1	175
Pragathi	26,200	4,579,000	6	175
PWMACS	36,500	5,946,000	1	175
Saadhana	90,900	12,046,000	2	175
Sambhav	1,500	183,000	3	175
Seba Rahara	6,700	468,000	1	175
SU	61,100	5,498,000	1	175
Swayanshree	7,900	918,000	2	175
Vikas Samiti	1,600	168,000	1	175
Vistaar	4,300	1,157,000	2	173
We The People	1,100	244,000	2	175
WEMCS	1,100	85,000	1	175
Yukti	1,100	99,000	2	175

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

	X Axis
	Greater than:
	Less or equal to:
N (# of Samples)
Total Borrrowers of Samples


Avg
Min
Max
Std Dev

By Inst Type


By Country

	X Axis
	Greater than:
	Less or equal to:
	From 0 to
	to
	to
	to ∞

Institution

Product

Product Details

Key Statistics

Methodology

Description

Loan Purpose

Included Services

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

Loan Conditions

Loan Amount

Distribution at Disbursement (Est.)

Loan Term and Grace Period

Distribution at Disbursement (Est.)

Grace Period

Repayment Frequency

Pricing Information

Interest

Upfront Fees

Ongoing Fees

Upfront Insurance Fees

Ongoing Insurance Fees

Compulsory Deposit

Deposit BEFORE or AT Disbursement

Deposits DURING period payments

Interest Paid on Deposit

Taxes

Full Pricing Data

Consumer Loans samples

Consumer Loans Price Graphs

Total Borrowers of Samples

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