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Institution

Cooperativa de Ahorro y Credito 4 de Octubre Ltda Avda. Atahualpa s/n via a BañosAvda. Cordovez y Juan LarreaRiobamba, Chimborazo06-01-1471
Data approved: 2011-11-01
Data version: 1
Age of data: 110 months

Institution

Fanikiwa Microfinance Company Limited Head OfficeDar Es SalaamPO Box 8695
Data approved: 2013-03-13
Data version: 2
Age of data: 74 months

Institution Details

Institution TypeCredit Union / Cooperative
Is this institution regulated?No
Website addressN/A
Year established1996
Head of InstitutionYolanda Haro Davila
Regions active
# Branches7

Total Portfolio (nat'l)USD 7,934,963.10
Total Portfolio (USD)USD 7,934,963.10
Active clients with loans2,059
Approximate % female clients20% - 40%
Approximate % urban clients20% - 40%
Network affiliationsRed Financiera Rural, Ucaccentro
FundersRed Financiera Rural, Ucaccentro

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

293 Borrowers
USD 88,635 Portfolio
Active Product
2,001 Borrowers
USD 5,683,091 Portfolio
Active Product

Loan Products » Summary

1,342 Borrowers
USD 203,557.23 Portfolio
Active Product
121 Borrowers
USD 134,973.11 Portfolio
Active Product
25 Borrowers
USD 8,426.32 Portfolio
Low Volume Product
18 Borrowers
USD 2,277.72 Portfolio
Low Volume Product
SME
2 Borrowers
USD 22,012.55 Portfolio
Low Volume Product
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
Credi - Emergente USD 200 - 500 3 - 8 40% - 60% 40% - 60% Any Purpose Women, Men, Have business, Have home or land, Salaried worker, Hacer un ahorro mensual de minimo 10,00 mensuales durante 1 año.
Microcredito USD 100 - 20,000 1 - 48 80% - 100% 60% - 80% Business Women, Men, Have business, Have home or land, Salaried worker Credit Ins

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
Credi - Emergente 19.0% annual, Decl Bal 0 Fees 1 Ins None 10.00 ongoing 0% 0% N/A
Microcredito 18.0% annual, Decl Bal 0 Fees 1 Ins None 5.00 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
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
Credi - Emergente 19.0% annual, Decl Bal 0 Fees 1 Ins Ins None 10.00 ongoing 0% 0% N/A
Microcredito 18.0% annual, Decl Bal 0 Fees 1 Ins Ins None 5.00 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
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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