Institution # Borrowers Portfolio (US$) Products Age of Data
ACLEDA235,200215,086,0006107
AMK288,20063,784,0001679
AMRET299,500149,542,000879
Chamroeun48,1007,480,000460
Farmer Finance200407,000179
First Finance5005,819,000179
HKL73,40093,842,000379
KREDIT61,80059,319,000979
Maxima2,9003,179,000379
PRASAC138,500251,931,000979
Seilanithih15,2007,516,000579
SPN35,10029,828,000679
TPC120,00045,931,0001379
VF Cambodia148,60048,984,0001879
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Institution

MBINGA COMMUNITY BANK LTD P.O.BOX 290MBINGA, RUVUMA255
Data approved: 2011-12-18
Data version: 1
Age of data: -   months 

Product

Salary Loan Product 1 of 3 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (TZS)TZS 211,838,901.30
Portfolio (USD)USD 141,226
Active Clients with Loans267
Approximate % Female Clients60% - 80%
Approximate % Urban Clients40% - 60%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
It helps customers to meet their demand and enjoy flexible payments
Loan Purpose
Any purposex
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetingsx
Credit insurance
Workplace visits
Business trainingx
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 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 300,000
Maximum loan size6,000,000
Loan Term and Grace Period
Shortest loan term12.0 months
Longest loan term12.0 months
Approx average12.0 months
Distribution at Disbursement (Est.)
Loans 3 months or lessN/A
Between 4 and 6 monthsN/A
Between 7 and 9 monthsN/A
Between 10 and 12 monthsN/A
Between 13 and 18 monthsN/A
Longer than 18 monthsN/A
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 interest24.00%
Highest quoted nominal interest24.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?N/A
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionLEGAL AND SETUP FEELOAN APPLICATION FEE
% of loan amount - min1.00%2.00%
% of loan amount - max1.00%2.00%
OR, Fixed amount - min00
Fixed amount - max00
Reason for variation
Appears on Repayment Sched?NoNo
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionLOAN INSURANCE
% of loan amount - min1.00%
% of loan amount - max1.50%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation
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

Full Pricing Data

Salary Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountTZS 500,000TZS 1,000,000TZS 2,000,000TZS 3,000,000
Loan Cycle (1, 2, 3, etc)Not Known111
Disbursement Date1900-01-002013-02-212013-03-282013-02-25
Loan Term (Months)12.0 months12.0 months12.0 months12.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot Known
True Price by Comp       
Interest and Fee Component48.6%48.8%48.6%48.6%
Insurance Component3.3%3.3%3.3%3.3%
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)51.9%52.1%51.9%51.9%
Transparency Index46464646
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
Salary Loan Price Graphs


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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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