Institution # Borrowers Portfolio (US$) Products Age of Data
KBL468,300120,082,0001654
KF233,60041,416,000453
NRSP399,90070,157,000354
ASA230,40029,637,000354
TMFB221,20085,449,000754
FMFB163,54438,481,323972
TRDP100,00013,817,000354
PRSP75,6569,907,176372
BRAC^P57,30011,869,000354
SRSO51,1007,775,000354
SSF46,0004,776,000354
FINCA82,00043,559,000954
JWS36,0006,545,000254
RCDS35,5524,856,122472
DAMEN35,1857,150,864172
FFO22,4003,335,000354
OLP21,4003,510,000354
CSC17,6003,147,000154
AMRDO13,8001,206,000554
WMBL13,8006,105,000354
Mojaz13,4002,415,000254
SDF11,5001,041,000454
POMFB8,5002,795,000454
OPD7,500918,000254
AGAHE7,300797,000254
NRDP6,1841,521,972372
GBTI6,100669,000372
WASIL4,3001,135,000254
Micro Options4,000768,000554
VDO3,900489,000372
SVDP3,900811,0001372
SRDO3,500766,000454
OSDI2,000923,000354
APMBL1,8001,401,000354
BEDF1,400209,000372
KCDO80094,000172
Please note that the information you are viewing is 75 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Mbinga Community Bank Ltd Head QuartersMbinga, RuvumaPO Box 290
Data approved: 2013-03-20
Data version: 2
Age of data: 75 months

Product

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

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
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 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

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
Solidarity Group 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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