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
  2. BIMAS
Please note that the information you are viewing is 145 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

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

Institution

Business Initiative and Management Assistance Services (BIMAS) 2299 EmbuKenya60100
Data approved: 2010-09-14
Data version: 1
Age of data: -   months 
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Product

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Product Summary

Number borrowers2,755
Loan Amount (range)TZS 100,000 - 35,000,000
Loan Term (range)6 - 36
Other Services (text summary)Credit Ins
Annual Interest & Method18.0% annual, Flat
Fees2.00% upfront
Insurance1.00% upfront
TaxNone
Comp DepN/A
Range of pricing 
Interest Price Component28.8% - 45.6%
Fee Component1.5% - 12.2%
Insurance Component0.8% - 12.8%
Tax Component Range0
Full APR (int fee ins tax dep)32.2% - 57.5%
Transparency Index (min/max)31 - 56
Transparency Index (average)48

Product Summary

9,794
KES 20,000 - 1,000,000
3 - 18
Credit Educ, Group Mtgs, Credit Ins, Business Training
17.0% annual, Flat
None
None
None
15.0% upfront 100.00 ongoing
 
0
N/A

Product Details

Key Statistics
Outstanding portfolio (TZS)TZS 6,512,657,418
Portfolio (USD)USD 4,096,010.96
Active Clients with Loans2,755
Approximate % Female Clients20% - 40%
Approximate % Urban Clients100%
Methodology
Individualx
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 bank for the period ranging 6 to 36 months
Loan Purpose
Any purposex
Income generation
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 business
Must own a home or land
Must be a salaried workerx
Must be specific age groupx
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution4
# Regions for this product3
Regions ActiveArusha, Dar es Salaam, Kilimanjaro

Product Details

Key Statistics
Outstanding portfolio (KES)KES 167,684,808
Portfolio (USD)USD 2,025,178.84
Active Clients with Loans9,794
Approximate % Female Clients40% - 60%
Approximate % Urban Clients40% - 60%
Methodology
Individual
Solidarity group
Village bankingx
Self help group
Other
Description
Loans given to existing businesses. Main product for the institution.
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 visits
Business trainingx
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

Loan Conditions

Loan Amount
CurrencyTZS
Minimum loan sizeTZS 100,000
Maximum loan size35,000,000
Distribution at Disbursement (Est.)
Loans less than TZS 350,0000
TZS 350,000-1,250,0005%
TZS 1,250,000-2,000,0005%
TZS 2,000,000-3,000,00020%
TZS 3,000,000-4,000,00020%
Greater than TZS 4,000,00020%
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term36.0 months
Approx average36.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months5%
Between 10 and 12 months5%
Between 13 and 18 months10%
Longer than 18 months80%
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

Loan Conditions

Loan Amount
CurrencyKES
Minimum loan sizeKES 20,000
Maximum loan size1,000,000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term18.0 months
Approx average12.0 months
Grace Period
Grace period usage10%
Average grace period0.3 months
Repayment Frequency
Daily
Weeklyx
Every 2 weeks
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest18.00%
Highest quoted nominal interest18.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionSet up fee
% of loan amount - min2.00%
% of loan amount - max2.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationMinimum charge= TZS 20,000.
Appears on Repayment Sched?No
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 variationMinimum charge= TZS 20,000.
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

Pricing Information

Interest
Lowest quoted nominal interest17.00%
Highest quoted nominal interest17.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?N/A
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
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited15.00% - N/A
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount depositedKES 100 - N/A
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid0.33%
Maximum interest rate paid0.50%
Interest payment frequencyMonthly
Taxes
Are taxes charged on this product?No
Additional Comments
Subsequent loans savings requirement is 25% of the loan amount

Full Pricing Data

Consumer Loans samples
Sample 3Sample 4Sample 5Sample 6
Loan AmountTZS 600,000TZS 1,000,000TZS 3,000,000TZS 5,000,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2013-07-112013-07-312013-07-272013-07-31
Loan Term (Months)7.0 months24.0 months24.0 months38.0 months
Grace Period (Months)-0.6 months1.0 month-0.1 months-0.3 months
Total Cost of CreditTZS 97,900.01TZS 387,000.08TZS 1,165,500TZS 2,849,999.89
True Price by Comp       
Interest price component32.5%28.8%31.1%29.9%
Fee Component12.2%2.1%2.2%1.5%
Insurance Component12.8%2.1%1.1%0.8%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)57.5%33.0%34.4%32.2%
Transparency Index31555256
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF

Full Pricing Data

Msingi Loan samples
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Consumer Loans Price Graphs
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.BankInstitution TypeAnyLoan PurposeAKIBAInstitutionTZ-021-V01-P03ProductTZCountry2013YearRange Number1Institution Data Version01,000,0002,000,0003,000,0004,000,0005,000,000Loan Size (all)0%20%40%60%Full APR (int fee ins tax dep)> 1,10080050020030Number of Borrowers
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Key Statistics
# Samples:
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# 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
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