2. FINCA Tanzania
Please note that the information you are viewing is 111 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. BRAC Tanzania
Please note that the information you are viewing is 128 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

FINCA Tanzania M.F.C. Limited Plot # 84 Morogoro Rd,Dar es SalaamP.O Box 78783
Data approved: 2014-11-04
Data version: 3
Age of data: 111 months
Choose version

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: 128 months
Choose version

Product

Village Banking Loan Product 3 of 3 « Prev | Next »

Product

Microfinance Loan Product 1 of 2 « Prev | Next »

Product Summary

Number borrowers56,067
Loan Amount (range)TZS 30,000 - 3,000,000
Loan Term (range)6 - 10
Other Services (text summary)Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training
Annual Interest & Method78.0% annual, Decl Bal
FeesNone
InsuranceNone
TaxNone
Comp DepN/A
Range of pricing 
Interest Price Component58.6% - 82.2%
Fee Component0 - 3.6%
Insurance Component0
Tax Component Range0
Full APR (int fee ins tax dep)75.7% - 82.2%
Transparency Index (min/max)60 - 100
Transparency Index (average)98

Product Summary

100,061
TZS 175,000 - 2,600,000
6 - 12
Credit Educ, Group Mtgs, Credit Ins, Other Training, Training on health, women empowerment and income generating opportunities.
32.5%-33.8% annual, Flat
1.00% upfront
None
None
10.0% upfront
 
42.4% - 62.8%
2.1% - 5.3%
0
0
73.8% - 82.7%
39 - 47
41

Product Details

Key Statistics
Outstanding portfolio (TZS)TZS 16,313,780,319
Portfolio (USD)USD 10,260,239.19
Active Clients with Loans56,067
Approximate % Female Clients60% - 80%
Approximate % Urban Clients20% - 40%
Methodology
Individual
Solidarity group
Village bankingx
Self help group
Other
Description
This loans are given to groups that range from between 15 and 30.
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 visitsx
Business trainingx
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
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 institution14
# Regions for this product17
Regions ActiveArusha, Dar es Salaam, Dodoma, Iringa, Kagera, Kilimanjaro, Manyara, MaraMbeya, Morogoro, Mwanza, Pwani, Ruvuma, ShinyangaSingida, Tabora, Tanga

Product Details

Key Statistics
Outstanding portfolio (TZS)TZS 26,697,406,938
Portfolio (USD)USD 16,790,821.97
Active Clients with Loans100,061
Approximate % Female Clients100%
Approximate % Urban Clients20% - 40%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other15-30 individual in one group
Description
Microfinance Loan product is designed for women who engaged in business and are in need of finance.
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 trainingx
OtherTraining on health, women empowerment and income generating opportunities.
Other (2)
No other services
Eligibility
Men
Womenx
Must run a businessx
Must own a home or land
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 product18
Regions ActiveArusha, Dar es Salaam, Dodoma, Iringa, Kagera, Kilimanjaro, Manyara, MaraMbeya, Morogoro, Mwanza, ShinyangaSingida, Tabora, Tanga, Zanzibar Central/South, Zanzibar North, Zanzibar Urban/West

Loan Conditions

Loan Amount
CurrencyTZS
Minimum loan sizeTZS 30,000
Maximum loan size3,000,000
Distribution at Disbursement (Est.)
Loans less than TZS 350,00040%
TZS 350,000-1,250,00050%
TZS 1,250,000-2,000,00010%
TZS 2,000,000-3,000,0000
TZS 3,000,000-4,000,0000
Greater than TZS 4,000,0000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term10.0 months
Approx average6.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months30%
Between 7 and 9 months40%
Between 10 and 12 months30%
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

Loan Conditions

Loan Amount
CurrencyTZS
Minimum loan sizeTZS 175,000
Maximum loan size2,600,000
Distribution at Disbursement (Est.)
Loans less than TZS 350,00030%
TZS 350,000-1,250,00060%
TZS 1,250,000-2,000,0005%
TZS 2,000,000-3,000,0005%
TZS 3,000,000-4,000,0000
Greater than TZS 4,000,0000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term12.0 months
Approx average10.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months20%
Between 7 and 9 months0
Between 10 and 12 months80%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
Every 2 weeks
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest6.50%
Highest quoted nominal interest6.50%
Interest rate periodMonthly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
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?No
Additional Comments
Institution meets the insurance charges for all customers, spouse and up to 4 children aged below 18

Pricing Information

Interest
Lowest quoted nominal interest0.63%
Highest quoted nominal interest0.65%
Reason(s) why interest rate variesTime as Client, 13% for 20 weeks and 25% for 40 weeks.
Interest rate periodWeekly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionAppraisal fee
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
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

Village Banking Loan samples
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 1,200,000 Real 2014-12-16 7.4 months N/A TZS 376,677.98 82.2% 82.2% 0.0% 0.0% 0.0% 0.0% 95 PDF PDF
TZS 1,200,000 Generated 2015-03-01 7.0 months N/A TZS 347,585.42 79.4% 79.4% 0.0% 0.0% 0.0% 0.0% 98 - PDF
TZS 350,000 Real 2014-12-29 5.5 months N/A TZS 83,793.43 82.2% 82.2% 0.0% 0.0% 0.0% 0.0% 95 PDF PDF
TZS 350,000 Generated 2015-03-01 6.0 months N/A TZS 87,622.16 79.4% 79.4% 0.0% 0.0% 0.0% 0.0% 98 - PDF
TZS 75,000 Generated 2015-03-01 9.0 months N/A TZS 26,307.46 75.7% 75.7% 0.0% 0.0% 0.0% 0.0% 100 - PDF
TZS 300,000 Generated 2015-03-01 9.0 months N/A TZS 105,229.83 75.7% 75.7% 0.0% 0.0% 0.0% 0.0% 100 - PDF
TZS 550,000 Generated 2015-03-01 9.0 months N/A TZS 192,921.35 75.7% 75.7% 0.0% 0.0% 0.0% 0.0% 100 - PDF
TZS 750,000 Generated 2015-03-01 6.0 months N/A TZS 178,167.38 75.7% 75.7% 0.0% 0.0% 0.0% 0.0% 100 - PDF
TZS 900,000 Generated 2015-03-01 9.0 months N/A TZS 315,689.49 75.7% 75.7% 0.0% 0.0% 0.0% 0.0% 100 - PDF
TZS 2,500,000 Generated 2015-03-01 10.0 months N/A TZS 974,184.89 75.7% 75.7% 0.0% 0.0% 0.0% 0.0% 100 - PDF

Full Pricing Data

Microfinance Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountTZS 200,000TZS 450,000TZS 900,000TZS 1,100,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2013-04-102013-02-272013-03-222013-04-01
Loan Term (Months)4.6 months9.0 months9.0 months9.0 months
Grace Period (Months)0.0 months-0.2 months-0.1 months0.0 months
Total Cost of CreditTZS 28,000TZS 118,500TZS 237,000TZS 287,000
True Price by Comp       
Interest price component62.8%62.0%61.1%58.7%
Fee Component5.3%2.9%2.8%2.8%
Insurance Component0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component14.6%13.4%13.1%12.3%
Full APR (int fee ins tax dep)82.7%78.3%77.0%73.8%
Transparency Index39424244
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
Village Banking Loan Price Graphs


Click to view Price Analysis Tool
Microfinance Loan Price Graphs


Click to view Price Analysis Tool
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
Loading...
X Axis
Greater than:
Less or equal to:
N (# of Samples)
Total Borrrowers of Samples
Avg
Min
Max
Std Dev
By Inst Type
By Country

Total Borrowers of Samples

X Axis
Greater than:
Less or equal to:
From 0 to
to
to
to ∞