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Institution

COAC FondVida Flavio Alfaro Oe6 - 150 y Francisco DavilaQuito, Pichincha
Data approved: 2010-11-08
Data version: 1
Age of data: 163 months

Institution

Vision Fund - Tanzania P.o.box 1546,Arusha TanzaniaArusha255
Data approved: 2014-04-01
Data version: 1
Age of data: 121 months

Product

Crédito Grupal Solidario Product 3 of 4 « Prev | Next »

Product

Biashara Product 1 of 5 « Prev | Next »

Product Summary

Number borrowers180
Loan Amount (range)USD 500 - 1,500
Loan Term (range)6 - 15
Other Services (text summary)Credit Educ, Group Mtgs, Credit Ins, Business Training, Capacitación en proyectos de vida y espíritu emprendedor
Annual Interest & Method14.0%-18.5% annual, Decl Bal
Fees1.00% upfront
InsuranceNone
TaxNone
Comp Dep5.00 ongoing
Range of pricing 
Interest Price ComponentN/A
Fee Component18.8% (Int+Fee)
Insurance Component0.1% - 5.3%
Tax Component Range0
Full APR (int fee ins tax dep)20.8% - 21.2%
Transparency Index (min/max)0 - N/A
Transparency Index (average)66

Product Summary

27,425
TZS 50,000 - 10,000,000
6 - 12
Other Training
36.0% annual, Flat
2.00% upfront
0.50% upfront
None
10.0% upfront
 
45.2% - 59.1%
2.0% - 16.9%
1.8% - 7.5%
0
78.9% - 81.1%
32 - 86
45

Product Details

Key Statistics
Outstanding portfolio (USD)USD 111,491
Portfolio (USD)USD 111,491
Active Clients with Loans180
Approximate % Female Clients60% - 80%
Approximate % Urban Clients80% - 100%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Es un crédito donde la garantía es solidaria en el grupo el cual está conformado por un mínimo de 5 personas. Utlizan el crédito para el desarrollo de iniciativas económicas. La documentación utilizada es la mínima.
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
OtherCapacitación en proyectos de vida y espíritu emprendedor
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age group
OtherLos grupos se conforman con personas de la misma zona de residencia
Other (2)Se utiliza la garantía grupal
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Product Details

Key Statistics
Outstanding portfolio (TZS)TZS 7,654,678,324
Portfolio (USD)USD 4,814,263.10
Active Clients with Loans27,425
Approximate % Female Clients60% - 80%
Approximate % Urban Clients40% - 60%
Methodology
Individual
Solidarity group
Village bankingx
Self help group
Other
Description
Biashara loan is a business loan provided to a group of six members and above. Loans are disbursed on in the range of TZS 50,000 to 400,000.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurance
Workplace visits
Business training
Other trainingx
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or landx
Must be a salaried worker
Must be specific age groupx
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution4
# Regions for this product12
Regions ActiveArusha, Dar es Salaam, Dodoma, Kagera, Kilimanjaro, Manyara, Morogoro, Mwanza, ShinyangaSingida, Tabora, Tanga

Loan Conditions

Loan Amount
CurrencyUSD
Minimum loan sizeUSD 500
Maximum loan size1,500
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term15.0 months
Approx average8.0 months
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
CurrencyTZS
Minimum loan sizeTZS 50,000
Maximum loan size10,000,000
Distribution at Disbursement (Est.)
Loans less than TZS 350,00060%
TZS 350,000-1,250,00015%
TZS 1,250,000-2,000,0005%
TZS 2,000,000-3,000,0005%
TZS 3,000,000-4,000,00010%
Greater than TZS 4,000,00010%
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term12.0 months
Approx average6.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months60%
Between 7 and 9 months20%
Between 10 and 12 months20%
Between 13 and 18 months0
Longer than 18 months0
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 interest14.00%
Highest quoted nominal interest18.50%
Reason(s) why interest rate variesLoan Purpose
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionSeguro de Desgravamen
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation
Appears on Repayment Sched?No
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?Yes
Do borrowers control deposit in their group?Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited0
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount depositedUSD 5
Conditions on access to depositAccess During
Interest Paid on Deposit
Minimum interest rate paid1.50%
Maximum interest rate paid4.00%
Interest payment frequencyMonthly
Taxes
Are taxes charged on this product?No
Additional Comments
Las reuniones que se tienen esta metodología permiten que los integrantes de grupo vayan formandose en temas de autoestima, administración de negocios, desarollo comunitario, etc. No utilizamos las reuniones para cobros. Adicionalmente el grupo tiene una cuenta de ahorros en general como grupo en donde depositan los ahorros de sus integrantes de acuerdo al compromiso al que llegaron al inicio. Cada integrante de grupo tiene su propia cuenta de ahorros en donde realizamos pagos.

Pricing Information

Interest
Lowest quoted nominal interest3.00%
Highest quoted nominal interest3.00%
Reason(s) why interest rate variesNo Variation
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?Yes
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionApplication Fee
% of loan amount - min2.00%
% of loan amount - max2.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsuarance
% of loan amount - min0.50%
% of loan amount - max0.50%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?Yes
Do borrowers control deposit in their group?No
Deposit BEFORE or AT Disbursement
% loan amount deposited10.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositFinal Pmt
Interest Paid on Deposit
Minimum interest rate paid0
Maximum interest rate paid0
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No
Additional Comments
62% of Vision Fund Tanzania clients are female and 52% lives in urban areas.

Full Pricing Data

Crédito Grupal Solidario samples
Sample 1Sample 2Sample 3
Loan AmountUSD 1,000USD 1,000USD 1,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2010-07-292010-08-182010-08-18
Loan Term (Months)12.0 months10.0 months10.0 months
Grace Period (Months)0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot Known
True Price by Comp     
Interest and Fee Component18.8%18.8%18.8%
Insurance Component1.9%2.3%2.3%
Tax Component0.0%0.0%0.0%
Deposit Component0.1%0.2%0.2%
Full APR (int fee ins tax dep)20.8%21.2%21.2%
Transparency Index676666
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF

Full Pricing Data

Biashara samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountTZS 2,000,000TZS 400,000TZS 1,100,000TZS 1,500,000TZS 1,300,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2014-02-182014-03-062014-03-072014-03-072014-03-17
Loan Term (Months)6.0 months6.0 months6.0 months6.0 months6.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditTZS 410,000TZS 82,000TZS 225,500TZS 307,500TZS 266,500
True Price by Comp         
Interest price component59.1%57.6%57.6%57.6%57.6%
Fee Component7.4%7.2%7.2%7.2%7.2%
Insurance Component1.9%1.8%1.8%1.8%1.8%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component12.7%12.3%12.3%12.3%12.3%
Full APR (int fee ins tax dep)81.1%78.9%78.9%78.9%78.9%
Transparency Index4446464646
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF
Crédito Grupal Solidario Price Graphs


Biashara 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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