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. Opportunity Kenya
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

Opportunity Kenya Geomaps CenterMatumbato Road, Upper HillNairobi
Data approved: 2010-09-14
Data version: 1
Age of data: -   months 
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Institution Details

Institution TypeBank
Is this institution regulated?Yes
Website addresshttp://www.acbtz.com
Year established1997
Head of InstitutionJohn Lwande
Regions activeArusha, Dar es Salaam, Dodoma, Kilimanjaro
# Branches16

Total Portfolio (nat'l)TZS 63,080,526,795
Total Portfolio (USD)USD 39,673,287.29
Active clients with loans27,490
Approximate % female clients40% - 60%
Approximate % urban clients100%
Network affiliationsTanzania Association For Microfinance Institutions-TAMFI
FundersACCION International, SIDI, Stichting Hivos-Triodos Fonds, INCOFIN CVSO, Parastatal Pension Funds (PPF)

Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addresshttp://www.opportunity.org/
Year established2006
Head of InstitutionJohn Giles
Regions active0
# Branches12

Total Portfolio (nat'l)KES 224,000,000
Total Portfolio (USD)USD 2,705,314.01
Active clients with loans6,758
Approximate % female clients40% - 60%
Approximate % urban clients80% - 100%
Network affiliations
Funders

Loan Products » Summary

Individual
13,606 Borrowers
USD 29,226,615.07 Portfolio
Active Product
Group
10,387 Borrowers
USD 3,091,807.91 Portfolio
Active Product
Consumer
2,755 Borrowers
USD 4,096,010.96 Portfolio
Active Product
Home
247 Borrowers
USD 438,094.50 Portfolio
Active Product

Loan Products » Summary

Msingi
6,500 Borrowers
USD 2,294,685.99 Portfolio
Active Product
Nguzo
200 Borrowers
USD 77,294.69 Portfolio
Active Product
Somesha
120 Borrowers
USD 31,400.97 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Biashara Loans ( Individual) TZS 500,000 - 50,000,000 3 - 24 40% - 60% 40% - 60% Business Women, Men, Have business, Specific age group Credit Ins
Solidarity Group Loans TZS 200,000 - 3,000,000 3 - 12 60% - 80% 100% Business Women, Men, Have business, Specific age group Credit Educ, Group Mtgs, Credit Ins
Consumer Loans TZS 100,000 - 35,000,000 6 - 36 20% - 40% 100% Any Purpose Women, Men, Salaried worker, Specific age group Credit Ins
Home Improvement Loans TZS 500,000 - 20,000,000 3 - 12 40% - 60% 100% For house renovation purpose Women, Men, Have business, Have home or land, Specific age group Credit Ins

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Msingi Loan KES 10,000 - 500,000 6 - 18 40% - 60% 80% - 100% Business Women, Men, Have business, In business for a minium of 12 months Credit Educ, Group Mtgs, Credit Ins, Fire/burglary insurance
Nguzo Loan KES 50,000 - 500,000 6 - 18 40% - 60% 80% - 100% Business Women, Men, Have business, In business for a minimum of 24 months Credit Educ, Group Mtgs, Credit Ins, Insurance Fire/Burglary
Somesha (Education) Loan KES 5,000 - 50,000 3 - 12 80% - 100% 80% - 100% Education Women, Men, Have business, Must bring school records Credit Educ, Group Mtgs, Credit Ins, Insurance Fire/Burglary

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Biashara Loans ( Individual) 20.0%-22.0% annual, Flat 2 Fees 1 Ins None N/A 40.1% - 46.7% 42% - 50.4% 45
Solidarity Group Loans 27.0% annual, Flat 1 Fee 1 Ins None 20.0% upfront 47.2% - 47.6% 72% - 74.5% 36
Consumer Loans 18.0% annual, Flat 1 Fee 1 Ins None N/A 30.9% - 44.7% 32.2% - 57.5% 48
Home Improvement Loans 19.5% annual, Flat 2 Fees 1 Ins None N/A 36% - 37.6% 38% - 39.6% 50

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Msingi Loan 16.0%-22.0% annual, Flat 0 Fees 1 Ins None 20.0% upfront 100.00 ongoing 0% 0% N/A
Nguzo Loan 16.0%-22.0% annual, Flat 0 Fees 1 Ins None 25.0% upfront 100.00 ongoing 0% 0% N/A
Somesha (Education) Loan 16.0% annual, Flat 1 Fee 1 Ins None 15.0% upfront 50.00 ongoing 0% 0% N/A

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Biashara Loans ( Individual) 20.0%-22.0% annual, Flat 2 Fees 1 Ins Ins None N/A 40.1% - 46.7% 42% - 50.4% 45
Solidarity Group Loans 27.0% annual, Flat 1 Fee 1 Ins Ins None 20.0% upfront 47.2% - 47.6% 72% - 74.5% 36
Consumer Loans 18.0% annual, Flat 1 Fee 1 Ins Ins None N/A 30.9% - 44.7% 32.2% - 57.5% 48
Home Improvement Loans 19.5% annual, Flat 2 Fees 1 Ins Ins None N/A 36% - 37.6% 38% - 39.6% 50

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Msingi Loan 16.0%-22.0% annual, Flat 0 Fees 1 Ins Ins None 20.0% upfront 100.00 ongoing 0% 0% N/A
Nguzo Loan 16.0%-22.0% annual, Flat 0 Fees 1 Ins Ins None 25.0% upfront 100.00 ongoing 0% 0% N/A
Somesha (Education) Loan 16.0% annual, Flat 1 Fee 1 Ins Ins None 15.0% upfront 50.00 ongoing 0% 0% N/A
Institution Price Graph
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.BankInstitution TypeAnyBusinessOtherLoan PurposeAKIBAInstitutionTZ-021-V01-P01TZ-021-V01-P02TZ-021-V01-P03TZ-021-V01-P04ProductTZCountry2013YearRange Number1Institution Data Version01,000,0002,000,0003,000,0004,000,0005,000,000Loan Size (all)0%20%40%60%80%Full APR (int fee ins tax dep)> 1,3001,00060030030Number of Borrowers
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Loan Portfolio (USD)
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