| Institution Type | Non Bank Financial Institution |
| Is this institution regulated? | Yes |
| Website address | http://www.microafricagroup.com/ |
| Year established | 2004 |
| Head of Institution | Bernard Kivava |
| Regions active | Muhanga, Musanze, Nyarugenge |
| # Branches | 4 |
| Total Portfolio (nat'l) | RWF 2,223,220,010 |
| Total Portfolio (USD) | USD 3,473,781.27 |
| Active clients with loans | 4,960 |
| Approximate % female clients | 20% - 40% |
| Approximate % urban clients | 20% - 40% |
| Network affiliations | AMIR |
| Funders | Micro Africa Ltd, Ezra Bunyenyezi |
| Institution Type | Bank |
| Is this institution regulated? | Yes |
| Website address | N/A |
| Year established | 2003 |
| Head of Institution | Shedehva Optat |
| Regions active | Ruvuma |
| # Branches | 1 |
| Total Portfolio (nat'l) | TZS 4,748,143,743 |
| Total Portfolio (USD) | USD 2,986,253.93 |
| Active clients with loans | 1,069.80 |
| Approximate % female clients | 20% - 40% |
| Approximate % urban clients | 20% - 40% |
| Network affiliations | Community Bank Association |
| Funders | Financial Sector Deepening, Agricultural Trust Fund |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group Loan | RWF 30,000 - 1,000,000 | 6 - 12 | 40% - 60% | 40% - 60% | Business | Women, Men, Have business | Credit Educ, Group Mtgs, Credit Ins | |||||||
| Salary Loan | RWF 100,000 - 5,000,000 | 6 - 12 | 40% - 60% | 80% - 100% | Any Purpose | Women, Men, Salaried worker | Credit Educ, Group Mtgs, Credit Ins | |||||||
| SME Loan | RWF 1,000,000 - 15,000,000 | 6 - 24 | 40% - 60% | 60% - 80% | Business | Women, Men, Have business | Credit Educ, Group Mtgs, Credit Ins |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Salary Loan | TZS 300,000 - 6,000,000 | 12 | 60% - 80% | 40% - 60% | Any Purpose | Women, Men, Salaried worker | Group Mtgs, Business Training | |||||||
| Small Business Loan | TZS 1,000,000 - 45,000,000 | 3 - 18 | 20% - 40% | 60% - 80% | Business | Women, Men, Have business | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training | |||||||
| Solidarity Group Loan | TZS 500,000 - 3,500,000 | 1 - 12 | 40% - 60% | 20% - 40% | Business, Agriculture | Women, Men, Must run agricultural activities or business | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group Loan | 48.00% annual, Decl Bal | 1 Fee | 1 Ins | None | 10.00% upfront | 59% - 62.4% | 72.5% - 78.4% | 63 | ||||||||
| Salary Loan | 48.00%-60.00% annual, Decl Bal | 2 Fees | 1 Ins | None | N/A | 52.7% - 67.3% | 55.3% - 71.4% | 75 | ||||||||
| SME Loan | 48.00%-60.00% annual, Decl Bal | 1 Fee | 1 Ins | None | 0.00%-20.00% upfront | 56.2% - 66.3% | 88.3% - 101.3% | 49 |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Salary Loan | 24.00% annual, Flat | 2 Fees | 1 Ins | None | N/A | 48.7% - 57.2% | 50% - 59.8% | 41 | ||||||||
| Small Business Loan | 10.00%-24.00% annual, Flat | 3 Fees | 1 Ins | None | N/A | 58.6% - 71.7% | 61.2% - 77% | 15 | ||||||||
| Solidarity Group Loan | 10.00%-30.00% annual, Flat | 2 Fees | 1 Ins | None | 30.00% upfront | 14.2% - 94.9% | 22.9% - 242.9% | 8 |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group Loan | 48.00% annual, Decl Bal | 1 Fee | 1 Ins Ins | None | 10.00% upfront | 59% - 62.4% | 72.5% - 78.4% | 63 | ||||||||
| Salary Loan | 48.00%-60.00% annual, Decl Bal | 2 Fees | 1 Ins Ins | None | N/A | 52.7% - 67.3% | 55.3% - 71.4% | 75 | ||||||||
| SME Loan | 48.00%-60.00% annual, Decl Bal | 1 Fee | 1 Ins Ins | None | 0.00%-20.00% upfront | 56.2% - 66.3% | 88.3% - 101.3% | 49 |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Salary Loan | 24.00% annual, Flat | 2 Fees | 1 Ins Ins | None | N/A | 48.7% - 57.2% | 50% - 59.8% | 41 | ||||||||
| Small Business Loan | 10.00%-24.00% annual, Flat | 3 Fees | 1 Ins Ins | None | N/A | 58.6% - 71.7% | 61.2% - 77% | 15 | ||||||||
| Solidarity Group Loan | 10.00%-30.00% annual, Flat | 2 Fees | 1 Ins Ins | None | 30.00% upfront | 14.2% - 94.9% | 22.9% - 242.9% | 8 |
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