Please note that the information you are viewing is 81 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Cooperativa de Ahorro y Credito la Benefica La Concordia Santo DomingoEl Carmen, Manabi
Data approved: 2010-11-08
Data version: 1
Age of data: 116 months

Institution

Mbinga Community Bank Ltd Head QuartersMbinga, RuvumaPO Box 290
Data approved: 2013-03-20
Data version: 2
Age of data: 81 months

Product

Microcrédito Nacer Product 5 of 6 « Prev | Next »

Product

Solidarity Group Loan Product 3 of 3 « Prev | Next »

Product Summary

Number borrowers566
Loan Amount (range)USD 100 - 3,000
Loan Term (range)6 - 18
Other Services (text summary)Credit Educ, Tech Asst Visits
Annual Interest & Method20.9% annual, Decl Bal
Fees0.40% upfront
InsuranceNone
TaxNone
Comp Dep5.00 ongoing
Range of pricing 
Interest Price ComponentN/A
Fee Component21.1% - 21.2% (Int+Fee)
Insurance Component0 - 1.1%
Tax Component Range0
Full APR (int fee ins tax dep)22.7% - 23.1%
Transparency Index (min/max)0 - N/A
Transparency Index (average)91

Product Summary

882.70
TZS 500,000 - 3,500,000
1 - 12
Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training
10.00%-30.00% annual, Flat
2 fees
1.00%-2.50% upfront
None
30.00% upfront
 
10.1% - 75.8%
3.8% - 19.1%
1.2% - 5.6%
0
22.9% - 242.9%
4 - 48
8

Product Details

Key Statistics
Outstanding portfolio (USD)USD 752,882
Portfolio (USD)USD 752,882
Active Clients with Loans566
Approximate % Female Clients80% - 100%
Approximate % Urban Clients60% - 80%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Créditos que se otorgan por valores desde $100.000 hasta $3.000,00 hasta 18 meses plazo
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetings
Credit insurance
Workplace visitsx
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
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

Product Details

Key Statistics
Outstanding portfolio (TZS)TZS 2,695,147,796
Portfolio (USD)USD 1,695,061.51
Active Clients with Loans882.70
Approximate % Female Clients40% - 60%
Approximate % Urban Clients20% - 40%
Methodology
Individualx
Solidarity groupx
Village banking
Self help group
Other
Description
Provides capital requirements for individuals organized in groups. Can be used for business or agricultural purposes.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculturex
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visitsx
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 worker
Must be specific age group
OtherMust run agricultural activities or business
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution1
# Regions for this product1
Regions ActiveRuvuma

Loan Conditions

Loan Amount
CurrencyUSD
Minimum loan sizeUSD 100
Maximum loan size3,000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term18.0 months
Approx average15.0 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
Every 2 weeksx
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 500,000
Maximum loan size3,500,000
Distribution at Disbursement (Est.)
Loans less than TZS 350,0000
TZS 350,000-1,250,00040%
TZS 1,250,000-2,000,00020%
TZS 2,000,000-3,000,00020%
TZS 3,000,000-4,000,00020%
Greater than TZS 4,000,00020%
Loan Term and Grace Period
Shortest loan term1.0 month
Longest loan term12.0 months
Approx average6.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less40%
Between 4 and 6 months20%
Between 7 and 9 months30%
Between 10 and 12 months10%
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 interest20.86%
Highest quoted nominal interest20.86%
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 - min0.40%
% of loan amount - max0.40%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation
Appears on Repayment Sched?Yes
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?
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 depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid2.00%
Maximum interest rate paid2.00%
Interest payment frequencyMonthly
Taxes
Are taxes charged on this product?No

Pricing Information

Interest
Lowest quoted nominal interest10.00%
Highest quoted nominal interest30.00%
Reason(s) why interest rate variesLoan Purpose, Agricultural loan interest is 10% p.a. Business loan interest is 30% p.a
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionLoan Application FeeLegal Set Up Fee
% of loan amount - min1.50%2.00%
% of loan amount - max1.50%2.00%
OR, Fixed amount - min00
Fixed amount - max00
Reason for variationN/AN/A
Appears on Repayment Sched?NoYes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionLoan insurance
% of loan amount - min1.00%
% of loan amount - max2.50%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationLoan term of 1-6months is 1%. Loans above 6-12months 2.5% rate may apply.
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?No
Do borrowers control deposit in their group?Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited30.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount depositedTZS 10,000
Conditions on access to depositAccess During
Interest Paid on Deposit
Minimum interest rate paid3.50%
Maximum interest rate paid3.50%
Interest payment frequencyEnd Term
Taxes
Are taxes charged on this product?No

Full Pricing Data

Microcrédito Nacer samples
Sample 1Sample 2
Loan AmountUSD 1,000USD 2,000
Loan Cycle (1, 2, 3, etc)Not KnownNot Known
Disbursement Date2010-09-062010-08-23
Loan Term (Months)12.0 months15.0 months
Grace Period (Months)0.0 months0.0 months
Total Cost of CreditNot KnownNot Known
True Price by Comp   
Interest and Fee Component21.2%21.1%
Insurance Component0.9%1.0%
Tax Component0.0%0.0%
Deposit Component1.0%0.6%
Full APR (int fee ins tax dep)23.1%22.7%
Transparency Index9092
    
Original Repayment SchedulePDFPDF
MFT Pricing CalculationPDFPDF

Full Pricing Data

Solidarity Group Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountTZS 450,000TZS 1,075,000TZS 2,000,000TZS 3,000,000
Loan Cycle (1, 2, 3, etc)1111
Disbursement Date2013-01-092013-02-082013-02-232013-01-09
Loan Term (Months)11.0 months5.0 months11.0 months11.0 months
Grace Period (Months)10.1 months-1.0 months-1.0 months10.1 months
Total Cost of CreditTZS 62,000TZS 220,375.02TZS 696,666.60TZS 413,330
True Price by Comp       
Interest price component10.1%75.8%61.8%10.1%
Fee Component4.1%19.1%8.9%4.1%
Insurance Component1.2%5.6%2.6%1.2%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component12.1%142.4%82.4%7.5%
Full APR (int fee ins tax dep)27.5%242.9%155.7%22.9%
Transparency Index364644
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
Microcrédito Nacer Price Graphs


Solidarity Group Loan Price Graphs


Caps / Zoom options
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
Loading...
X Axis
Greater than:
Less or equal to:
N (# of Samples)
Total Borrrowers of Samples
Avg
Min
Max
Std Dev
By Inst Type
By Country

Total Borrowers of Samples

X Axis
Greater than:
Less or equal to:
From 0 to
to
to
to