| Number borrowers | 108,480 |
| Loan Amount (range) | MWK 35,000 - 500,000 |
| Loan Term (range) | 5 - 12 |
| Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Business Training |
| Annual Interest & Method | 30.00%-33.00% annual, Flat |
| Fees | 2 fees |
| Insurance | None |
| Tax | None |
| Comp Dep | 20.00% upfront |
| Range of pricing | |
| Interest Price Component | N/A |
| Fee Component | 28.8% - 29.5% (Int+Fee) |
| Insurance Component | 0.8% - 3.1% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 36.0% - 36.9% |
| Transparency Index (min/max) | 39 - 83 |
| Transparency Index (average) | 82 |
| 1,115 |
| TZS 100,000 - 25,000,000 |
| 3 - 18 |
| Credit Educ, Tech Asst Visits |
| 42.0%-54.0% annual, Decl Bal |
| 2.00% upfront |
| None |
| None |
| N/A |
| 50.0% - 64.3% |
| 0 - 4.8% |
| 0 |
| 0 |
| 54.0% - 56.4% |
| 65 - 79 |
| 74 |
| Outstanding portfolio (MWK) | MWK 1,000,757,855 |
| Portfolio (USD) | USD 2,704,751 |
| Active Clients with Loans | 108,480 |
| Approximate % Female Clients | 20% - 40% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | x |
| Solidarity group | |
| Village banking | x |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | |
| Business training | x |
| Other training | |
| Other | |
| Other (2) | |
| No other services |
| Men | x |
| Women | x |
| Must run a business | |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | 1 |
| # Regions for this product | N/A |
| Regions Active |
| Outstanding portfolio (TZS) | TZS 1,391,194,065 |
| Portfolio (USD) | USD 874,964.82 |
| Active Clients with Loans | 1,115 |
| Approximate % Female Clients | 0% - 20% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | x |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | |
| Credit insurance | |
| Workplace visits | x |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services |
| Men | x |
| Women | x |
| Must run a business | |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | 4 |
| # Regions for this product | 3 |
| Regions Active | Mwanza, Shinyanga, Tabora |
| Currency | MWK |
| Minimum loan size | MWK 35,000 |
| Maximum loan size | 500,000 |
| Loans less than MWK 50,000 | 10% |
| MWK 50,000-150,000 | 15% |
| MWK 150,000-250,000 | 20% |
| MWK 250,000-350,000 | 30% |
| MWK 350,000-450,000 | 10% |
| Greater than MWK 450,000 | 10% |
| Shortest loan term | 5.0 months |
| Longest loan term | 12.0 months |
| Approx average | 6.0 months |
| Loans 3 months or less | 20% |
| Between 4 and 6 months | 20% |
| Between 7 and 9 months | 30% |
| Between 10 and 12 months | 30% |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| Grace period usage | 100% |
| Average grace period | 4.0 months |
| Daily | |
| Weekly | |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | x |
| Irregular payments |
| Currency | TZS |
| Minimum loan size | TZS 100,000 |
| Maximum loan size | 25,000,000 |
| Loans less than TZS 350,000 | 5% |
| TZS 350,000-1,250,000 | 20% |
| TZS 1,250,000-2,000,000 | 20% |
| TZS 2,000,000-3,000,000 | 20% |
| TZS 3,000,000-4,000,000 | 15% |
| Greater than TZS 4,000,000 | 15% |
| Shortest loan term | 3.0 months |
| Longest loan term | 18.0 months |
| Approx average | 10.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 10% |
| Between 7 and 9 months | 20% |
| Between 10 and 12 months | 70% |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| Grace period usage | 70% |
| Average grace period | 3.0 months |
| Daily | |
| Weekly | |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments | x |
| Lowest quoted nominal interest | 30.00% |
| Highest quoted nominal interest | 33.00% |
| Reason(s) why interest rate varies | Time as Client |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | Fee 2 | ||
|---|---|---|---|
| Description | Processing Fee | Credit and Funeral Expense | |
| % of loan amount - min | 1.00% | 0.78% | |
| % of loan amount - max | 1.50% | 0.78% | |
| OR, Fixed amount - min | 0 | 0 | |
| Fixed amount - max | 0 | 0 | |
| Reason for variation | N/A | N/A | |
| Appears on Repayment Sched? | No | No |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | No |
| Do borrowers control deposit in their group? | No |
| % loan amount deposited | 20.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | Final Pmt |
| Minimum interest rate paid | 6.00% |
| Maximum interest rate paid | 6.00% |
| Interest payment frequency | Annually |
| Are taxes charged on this product? | No |
| Lowest quoted nominal interest | 3.50% |
| Highest quoted nominal interest | 4.50% |
| Reason(s) why interest rate varies | Time as Client, Loan Size |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Disbursement fee |
| % of loan amount - min | 2.00% |
| % of loan amount - max | 2.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | Yes |
| Required for | Never |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | N/A |
| Do borrowers control deposit in their group? | N/A |
| % loan amount deposited | N/A |
| or, Fixed-amount deposited | N/A |
| % loan amount deposited | N/A |
| or, Fixed-amount deposited | N/A |
| Conditions on access to deposit | N/A |
| Minimum interest rate paid | N/A |
| Maximum interest rate paid | N/A |
| Interest payment frequency | N/A |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | MWK 62,600 | MWK 118,830 | MWK 254,820 | MWK 369,900 | MWK 499,000 | ||||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
| Disbursement Date | 2009-09-30 | 2009-09-30 | 2009-09-30 | 2009-09-30 | 2009-09-30 | ||||
| Loan Term (Months) | 12.0 months | 12.0 months | 12.0 months | 12.0 months | 12.0 months | ||||
| Grace Period (Months) | 11.0 months | 11.0 months | 11.0 months | 11.0 months | 11.0 months | ||||
| Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
| True Price by Comp | |||||||||
| Interest and Fee Component | 28.8% | 29.5% | 28.8% | 28.8% | 28.8% | ||||
| Insurance Component | 0.8% | 0.8% | 0.8% | 0.8% | 0.8% | ||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Deposit Component | 6.5% | 6.6% | 6.5% | 6.5% | 6.5% | ||||
| Full APR (int fee ins tax dep) | 36.0% | 36.9% | 36.0% | 36.0% | 36.0% | ||||
| Transparency Index | 83 | 81 | 83 | 83 | 83 | ||||
| Original Repayment Schedule | |||||||||
| MFT Pricing Calculation |
Loan Amount |
Type of Sample |
Disbursement Date |
Loan Term (Months) |
Grace Period (Months) |
Total Cost of Credit |
Full APR (int fee ins tax dep) |
True Price by Component |
Transparency Index |
Original Repayment Schedule |
MFT Pricing Calculation |
||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Interest price component |
Fee Component |
Insurance Component |
Tax Component |
Deposit Component |
||||||||||
| TZS 750,000 | Generated | 2014-11-01 | 7.9 months | N/A | TZS 200,603.19 | 56.4% | 51.6% | 4.8% | 0.0% | 0.0% | 0.0% | 74 | - | |
| TZS 1,500,000 | Generated | 2014-11-01 | 7.9 months | N/A | TZS 401,206.38 | 56.4% | 51.6% | 4.8% | 0.0% | 0.0% | 0.0% | 74 | - | |
| TZS 2,500,000 | Generated | 2014-09-01 | 12.2 months | 0.0 months | TZS 790,691.23 | 54.0% | 50.0% | 4.0% | 0.0% | 0.0% | 0.0% | 78 | - | |
| TZS 2,500,000 | Generated | 2014-11-01 | 7.9 months | N/A | TZS 668,677.30 | 56.4% | 51.6% | 4.8% | 0.0% | 0.0% | 0.0% | 74 | - | |
| TZS 3,500,000 | Generated | 2014-11-01 | 7.9 months | N/A | TZS 936,148.22 | 56.4% | 51.6% | 4.8% | 0.0% | 0.0% | 0.0% | 74 | - | |
| TZS 4,500,000 | Generated | 2014-11-01 | 7.9 months | N/A | TZS 1,203,619.15 | 56.4% | 51.6% | 4.8% | 0.0% | 0.0% | 0.0% | 74 | - | |
| 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 |
| Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
|---|---|---|---|---|---|---|---|
| X Axis | ||||||
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| N (# of Samples) | ||||||
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| Min | ||||||
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| By Country | ||||||
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|---|---|---|---|---|---|---|
| Greater than: | ||||||
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| From 0 to | ||||||
| to | ||||||
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