2. MCBL
Please note that the information you are viewing is 130 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Mwanga Community Bank MwangaKilimanjaroPO Box 333
Data approved: 2013-04-09
Data version: 2
Age of data: 130 months
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Institution Details

Institution TypeBank
Is this institution regulated?Yes
Website addressN/A
Year established2000
Head of InstitutionA.Y.Ghuhia
Regions activeKilimanjaro
# Branches1

Total Portfolio (nat'l)TZS 5,079,003,643
Total Portfolio (USD)USD 3,194,341.91
Active clients with loans4,004
Approximate % female clients20% - 40%
Approximate % urban clients0% - 20%
Network affiliationsTAMFI
Funders

Loan Products » Summary

Agriculture
271 Borrowers
USD 243,786.45 Portfolio
Active Product
Group
672 Borrowers
USD 139,436.31 Portfolio
Active Product
Business
521 Borrowers
USD 691,823.90 Portfolio
Active Product
Salaried
2,162 Borrowers
USD 1,258,917.90 Portfolio
Active Product
Transport
340 Borrowers
USD 503,144.65 Portfolio
Low Volume Product
Staff
0 Borrowers
Portfolio
Low Volume Product
Note: MFTransparency presents full data for active products with over 50 borrowers. Basic data is shown for lower volume products

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Agriculture Loans TZS 500,000 - 5,000,000 12 40% - 60% 0% - 20% Business Women, Men Business Training
Group Loans TZS 100,000 - 2,200,000 3 - 6 60% - 80% 0% - 20% Business Women, Men, Have business Business Training
Business Loans TZS 100,000 - 100,000,000 6 - 24 20% - 40% 0% - 20% Business Women, Men, Have business Tech Asst Visits, Other Training
Salaried Loans TZS 100,000 - 9,000,000 1 - 36 40% - 60% 60% - 80% Consumer Women, Men, Salaried worker Credit Educ, Other Training

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Agriculture Loans 30.00% annual, Decl Bal 1 Fee 1 Ins None 15.00% upfront 31.9% 40.1% 74
Group Loans 30.00% annual, Flat 1 Fee 1 Ins None 15.00% upfront 57.7% - 61.5% 78.8% - 86.5% 37
Business Loans 21.60% annual, Flat 1 Fee 1 Ins None 15.00% upfront 32.2% - 41.1% 42.8% - 58.4% 43
Salaried Loans 10.00%-18.00% annual, Flat 1 Fee 1 Ins None N/A 34.4% - 37.9% 35.3% - 39.3% 26
Institution Price Graph
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  2. BestFUND
Please note that the information you are viewing is 134 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

BestFUND P.O. Box CT 5217Cantoments, Accra, Greater Accra233
Data approved: 2011-12-07
Data version: 1
Age of data: -   months 
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Product

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Product Details

Key Statistics
Outstanding portfolio (GHS)GHS 1,971,450
Portfolio (USD)USD 1,314,300
Active Clients with Loans5,033
Approximate % Female Clients80% - 100%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity groupx
Village banking
Self help group
Other
Description
This product for solidarity groups and self-helped groups in general. This loan product attracts moderate interest rates and does not require cumbersome collaterals.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Educationx
Other household finance
OtherLand
Other (2)
Included Services
Credit education
Group meetingsx
Credit insurance
Workplace visitsx
Business training
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 workerx
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyGHS
Minimum loan sizeGHS 2,000
Maximum loan size10,000
Loan Term and Grace Period
Shortest loan term5.0 months
Longest loan term8.0 months
Approx average0
Distribution at Disbursement (Est.)
Loans 3 months or lessN/A
Between 4 and 6 monthsN/A
Between 7 and 9 monthsN/A
Between 10 and 12 monthsN/A
Between 13 and 18 monthsN/A
Longer than 18 monthsN/A
Grace Period
Grace period usage100%
Average grace period0
Repayment Frequency
Daily
Weeklyx
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 interest6.00%
Highest quoted nominal interest6.00%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?N/A
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionRegistration Fees
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min20
Fixed amount - max20
Reason for variation
Appears on Repayment Sched?No
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?
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited15.00% - N/A
or, Fixed-amount deposited0 - N/A
Deposits DURING period payments
% loan amount deposited0 - N/A
or, Fixed-amount deposited0 - N/A
Conditions on access to deposit
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

Group Loan samples
Sample 1Sample 2Sample 3
Loan AmountGHS 2,000GHS 5,000GHS 10,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2013-01-102013-02-022013-01-14
Loan Term (Months)4.7 months5.0 months8.0 months
Grace Period (Months)0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot Known
True Price by Comp     
Interest and Fee Component129.6%114.9%118.2%
Insurance Component0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%
Deposit Component38.9%32.9%33.1%
Full APR (int fee ins tax dep)168.6%147.8%151.3%
Transparency Index434948
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
Group Loan Price Graphs


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# Countries
# Borrowers
Loan Portfolio (USD)
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% Products with one or more insurances
% Products with compulsory deposits
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