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Institution

BRAC Tanzania Finance Limited Plot 2329, Block HMbezi BeachDar es salaamPO BOX 105213
Data approved: 2013-06-27
Data version: 2
Age of data: 79 months

Product

Small Enterprise Program (SEP) Loan Product 2 of 2 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (TZS)TZS 4,567,592,326
Portfolio (USD)USD 2,872,699.58
Active Clients with Loans2,331
Approximate % Female Clients20% - 40%
Approximate % Urban Clients40% - 60%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Small Enterprise program (SEP) loan product is designed to finance small and medium businesses, agricultural, small trading, livestock and poultry farming.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or landx
Must be a salaried worker
Must be specific age groupx
Other20 - 50 years old
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution18
# Regions for this product11
Regions ActiveArusha, Dar es Salaam, Dodoma, KilimanjaroMbeya, Morogoro, Mwanza, Tanga, Zanzibar Central/South, Zanzibar North, Zanzibar Urban/West

Loan Conditions

Loan Amount
CurrencyTZS
Minimum loan sizeTZS 1,200,000
Maximum loan size14,000,000
Distribution at Disbursement (Est.)
Loans less than TZS 350,0000
TZS 350,000-1,250,00010%
TZS 1,250,000-2,000,00010%
TZS 2,000,000-3,000,00015%
TZS 3,000,000-4,000,00015%
Greater than TZS 4,000,00015%
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term12.0 months
Approx average12.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months10%
Between 7 and 9 months0
Between 10 and 12 months90%
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 interest25.00%
Highest quoted nominal interest26.00%
Reason(s) why interest rate variesTime as Client, 13% for 6 month and 25% for 12 month loan
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionAppraisal FeeApplication Fee
% of loan amount - min1.00%0
% of loan amount - max1.00%0
OR, Fixed amount - min02,000
Fixed amount - max02,000
Reason for variationN/AN/A
Appears on Repayment Sched?YesYes
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?No
Do borrowers control deposit in their group?No
Deposit BEFORE or AT Disbursement
% loan amount deposited10.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid0
Maximum interest rate paid0
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Full Pricing Data

Small Enterprise Program (SEP) Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountTZS 1,500,000TZS 3,000,000TZS 3,500,000TZS 5,000,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2013-04-082013-02-152013-06-142013-03-12
Loan Term (Months)12.0 months12.0 months12.0 months12.0 months
Grace Period (Months)0.0 months-0.1 months0.0 months0.0 months
Total Cost of CreditTZS 392,600TZS 782,000TZS 912,200TZS 1,302,800
True Price by Comp       
Interest price component42.6%42.9%42.6%42.4%
Fee Component2.3%2.2%2.1%2.1%
Insurance Component0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component8.5%8.6%8.5%8.4%
Full APR (int fee ins tax dep)53.4%53.7%53.2%52.9%
Transparency Index47474747
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
Small Enterprise Program (SEP) Loan Price Graphs


Institution # Borrowers Portfolio (US$) Products Age of Data
ACB-SA4,3351,476,288687
Comicoka827758,435487
COOJAD511823,215687
COOPEDU2,0297,549,835987
Duterimbere6,6074,365,044387
Goshen2,0763,716,0085104
Inkingi2,6482,593,3665104
RML4,9603,473,781387
UCU3,3911,603,524487
Urwego37,90014,755,0006
Vision Finance14,2263,474,6466104
Wisigara2,177904,708387
Zamuka253124,445387
Zigama CSS53,80659,670,7532104
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
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