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Institution

FINCA AZE J. Jabbarli str. 44Baku, AzerbaijanAZ 1065
Data approved: 2010-05-24
Data version: 1
Age of data: -   months 
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Institution

Fanikiwa Microfinance Company Limited Head OfficeDar Es SalaamPO Box 8695
Data approved: 2013-03-13
Data version: 2
Age of data: 128 months
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Institution Details

Institution TypePrivate 'For-Profit'
Is this institution regulated?N/A
Website addresshttp://www.fincaazerbaijan.com/
Year established1998
Head of InstitutionMakhmud Saidakhmatov
Regions active0
# Branches24

Total Portfolio (nat'l)AZN 53,985,767.28
Total Portfolio (USD)USD 67,482,209.10
Active clients with loans90,145
Approximate % female clients20% - 40%
Approximate % urban clients40% - 60%
Network affiliations
Funders

Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?No
Website addressN/A
Year established2010
Head of InstitutionThaddeo W. Mashera
Regions activeArusha, Dar es Salaam, Mwanza
# Branches5

Total Portfolio (nat'l)TZS 800,400,221
Total Portfolio (USD)USD 503,396.37
Active clients with loans1,538
Approximate % female clients60% - 80%
Approximate % urban clients20% - 40%
Network affiliationsTAMFI
FundersGatsby Charity Fund, Tanzania Gatsby Trust

Loan Products » Summary

Sol USD
19,673 Borrowers
USD 10,655,076 Portfolio
Active Product
Rural USD
30,278 Borrowers
USD 15,119,872.31 Portfolio
Active Product
Express
16,837 Borrowers
USD 19,911,548 Portfolio
Active Product
SME
813 Borrowers
USD 4,049,392.69 Portfolio
Active Product
Commercial
205 Borrowers
USD 498,530.23 Portfolio
Active Product
Individual
4,096 Borrowers
USD 3,217,489 Portfolio
Active Product
Sol AZN
2,926 Borrowers
USD 2,160,601.25 Portfolio
Active Product
Rural AZN
15,471 Borrowers
USD 11,583,892.50 Portfolio
Active Product

Loan Products » Summary

Jamii
1,342 Borrowers
USD 203,557.23 Portfolio
Active Product
Personal
121 Borrowers
USD 134,973.11 Portfolio
Active Product
Jijenge
25 Borrowers
USD 8,426.32 Portfolio
Low Volume Product
Mkulima
18 Borrowers
USD 2,277.72 Portfolio
Low Volume Product
SME
2 Borrowers
USD 22,012.55 Portfolio
Low Volume Product
Ushirika
30 Borrowers
USD 21,619.50 Portfolio
Low Volume Product
Note: MFTransparency presents full data for active products with over 50 borrowers. Basic data is shown for lower volume products

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Solidarity Credit Group (USD) USD 50 - 2,500 4 - 12 20% - 40% 80% - 100% Business, Housing Women, Men, Have business, Have home or land
Rural loan Product (USD) USD 50 - 2,500 6 - 18 20% - 40% 0% - 20% Business, Housing Women, Men, Have business, Have home or land, Must have two active cash streams
Express Loan (USD) USD 100 - 5,000 3 - 24 20% - 40% 80% - 100% Business, Housing Women, Men, Have business, Have home or land
SME Loan (USD) USD 5,000 - 50,000 3 - 24 20% - 40% 80% - 100% Business, Housing Women, Men, Have business, Have home or land
Agriculture Loan (USD) USD 2,001 - 30,000 3 - 24 20% - 40% 0% - 20% Business, Housing Women, Men, Have business, Have home or land
Individual Rural Loan (USD) USD 100 - 2,500 2 - 12 20% - 40% 0% - 20% Any Purpose Women, Men, Have business, Have home or land
Solidarity Credit Group (AZN) AZN 50 - 2,000 4 - 12 20% - 40% 80% - 100% Business, Housing Women, Men, Have business, Have home or land
Rural Loan Product (AZN) AZN 50 - 2,000 6 - 18 20% - 40% 80% - 100% Business, Housing Women, Men, Have business, Have home or land

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Jamii Loan TZS 50,000 - 2,000,000 3 - 12 60% - 80% 20% - 40% Business Women, Men, Have business Business Training
Personal Loan TZS 1,000,000 - 10,000,000 6 - 24 40% - 60% 40% - 60% Business Women, Men, Have business Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Solidarity Credit Group (USD) 36.0% annual, Decl Bal 1 Fee 0 Ins None N/A 43.4% - 0% 43.4% - 44.9% 81
Rural loan Product (USD) 36.0%-42.0% annual, Decl Bal 1 Fee 0 Ins None N/A 43.7% - 0% 43.7% - 47.1% 78
Express Loan (USD) 36.0% annual, Decl Bal 1 Fee 0 Ins None N/A 44.8% - 0% 44.8% - 44.9% 80
SME Loan (USD) 0.0% annual, 0 1 Fee 0 Ins None N/A 29.5% - 0% 29.5% - 40.9% 0
Agriculture Loan (USD) 40.8% annual, Decl Bal 1 Fee 0 Ins None N/A 44.3% - 0% 44.3% - 46.5% 90
Individual Rural Loan (USD) 45.6% annual, Decl Bal 1 Fee 0 Ins None N/A 51.4% - 0% 51.4% - 51.6% 88
Solidarity Credit Group (AZN) 39.0% annual, Decl Bal 1 Fee 0 Ins None N/A 47.9% - 0% 47.9% - 51.4% 79
Rural Loan Product (AZN) 36.0%-42.0% annual, Decl Bal 1 Fee 0 Ins None N/A 51% - 0% 51% 71

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Jamii Loan 30.00% annual, Flat 2 Fees 1 Ins None 10.00% upfront 53.3% - 59.1% 68.7% - 75.8% 41
Personal Loan 24.00% annual, Flat 2 Fees 1 Ins None 15.00% upfront 42.8% - 47.5% 57.5% - 66.4% 38

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Solidarity Credit Group (USD) 36.0% annual, Decl Bal 1 Fee 0 Ins Ins None N/A 43.4% - 0% 43.4% - 44.9% 81
Rural loan Product (USD) 36.0%-42.0% annual, Decl Bal 1 Fee 0 Ins Ins None N/A 43.7% - 0% 43.7% - 47.1% 78
Express Loan (USD) 36.0% annual, Decl Bal 1 Fee 0 Ins Ins None N/A 44.8% - 0% 44.8% - 44.9% 80
SME Loan (USD) 0.0% annual, 0 1 Fee 0 Ins Ins None N/A 29.5% - 0% 29.5% - 40.9% 0
Agriculture Loan (USD) 40.8% annual, Decl Bal 1 Fee 0 Ins Ins None N/A 44.3% - 0% 44.3% - 46.5% 90
Individual Rural Loan (USD) 45.6% annual, Decl Bal 1 Fee 0 Ins Ins None N/A 51.4% - 0% 51.4% - 51.6% 88
Solidarity Credit Group (AZN) 39.0% annual, Decl Bal 1 Fee 0 Ins Ins None N/A 47.9% - 0% 47.9% - 51.4% 79
Rural Loan Product (AZN) 36.0%-42.0% annual, Decl Bal 1 Fee 0 Ins Ins None N/A 51% - 0% 51% 71

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Jamii Loan 30.00% annual, Flat 2 Fees 1 Ins Ins None 10.00% upfront 53.3% - 59.1% 68.7% - 75.8% 41
Personal Loan 24.00% annual, Flat 2 Fees 1 Ins Ins None 15.00% upfront 42.8% - 47.5% 57.5% - 66.4% 38
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Key Statistics
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# 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
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Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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