Please note that the information you are viewing is 80 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Better Life for Tanzanians Trust Fund Block B Kinyerezi, Plot No. 1543Dar es SalaamP.O Box 62626
Data approved: 2013-03-25
Data version: 2
Age of data: 80 months

Institution Details

Institution TypeNon-Governmental Organization
Is this institution regulated?No
Website addresshttp://www.belitafinance.net
Year established2006
Head of InstitutionHelena M. Lutege
Regions activeDar es Salaam, Pwani
# Branches1

Total Portfolio (nat'l)TZS 782,975,645.40
Total Portfolio (USD)USD 492,437.51
Active clients with loans5,882
Approximate % female clients60% - 80%
Approximate % urban clients20% - 40%
Network affiliationsTAMFI
FundersOiko Credit, Stromme Microfinance East Africa Ltd, Self Project, Tanzania Investment Bank

Loan Products » Summary

5,882 Borrowers
USD 492,437.51 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Small and Medium Enterprise Loan TZS 50,000 - 15,000,000 3 - 8 60% - 80% 20% - 40% Business Women, Men, Have business, 18 and above Credit Educ, Group Mtgs, Credit Ins, Other Training

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Small and Medium Enterprise Loan 48.00%-96.00% annual, Flat 1 Fee 1 Ins None 25.00% upfront 58.2% - 111% 101.3% - 293.3% 29
Institution Price Graph
Please note that the information you are viewing is 89 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Amasezerano Community Bank Head OfficeKigaliPO Box 4691
Data approved: 2012-10-17
Data version: 2
Age of data: 89 months

Product

Kaze (Solidarity Group) GS & GS-PU Product 5 of 7 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (RWF)RWF 295,147,266
Portfolio (USD)USD 468,488
Active Clients with Loans2,764
Approximate % Female Clients0% - 20%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity groupx
Village banking
Self help group
Other
Description
This product is designed for very poor people and solidarity group with income generating activities. An individual can get this loan when it is guaranteed by a client of ACB. When it is group loan there is no need for guarantee.
Loan Purpose
Any purpose
Income generationx
Mortgage/housingx
Consumer loan
Agriculture
Educationx
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurance
Workplace visits
Business training
Other training
Other
Other (2)
No other servicesx
Eligibility
Menx
Women
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 institution2
# Regions for this product5
Regions ActiveBugesera, Kicukiro, Nyarugenge, Rubavu, Rusizi

Loan Conditions

Loan Amount
CurrencyRWF
Minimum loan sizeRWF 10,000
Maximum loan size500,000
Distribution at Disbursement (Est.)
Loans less than RWF 500,000100%
RWF 500,000-1,500,0000
RWF 1,500,000-2,500,0000
RWF 2,500,000-3,500,0000
RWF 3,500,000-4,500,0000
Greater than RWF 4,500,0000
Loan Term and Grace Period
Shortest loan term4.0 months
Longest loan term12.0 months
Approx average8.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months90%
Between 7 and 9 months10%
Between 10 and 12 months0
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 monthsx
Every 12 months
Single end paymentx
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest30.00%
Highest quoted nominal interest30.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionCommission FeeLoan Application Fee
% of loan amount - min1.50%0
% of loan amount - max1.50%0
OR, Fixed amount - min010,000
Fixed amount - max010,000
Reason for variationN/AN/A
Appears on Repayment Sched?NoNo
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 forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?Yes
Percentage of fees18%
All or some fees taxedAll

Full Pricing Data

Kaze (Solidarity Group) GS & GS-PU samples
Sample 1Sample 2Sample 3
Loan AmountRWF 100,000RWF 250,000RWF 100,000
Loan Cycle (1, 2, 3, etc)1Not KnownNot Known
Disbursement Date2012-05-152012-06-152012-09-05
Loan Term (Months)6.0 months6.0 months6.0 months
Grace Period (Months)6.1 months1.0 month6.0 months
Total Cost of CreditRWF 28,570RWF 54,175RWF 28,570
True Price by Comp     
Interest price component27.7%48.6%28.2%
Fee Component24.3%20.9%24.7%
Insurance Component0.0%0.0%0.0%
Tax Component4.7%3.8%4.7%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)56.7%73.3%57.6%
Transparency Index534152
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
Kaze (Solidarity Group) GS & GS-PU Price Graphs


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