2. Opportunity
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
  2. OFMPC
Please note that the information you are viewing is 151 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Opportunity Tanzania Limited Head OfficeDar Es SalaamPO Box 80244
Data approved: 2013-02-22
Data version: 2
Age of data: 128 months
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Institution

Omaganhan Farmers Agrarian Reform Cooperative OmaganhanTabango, Leyte6536
Data approved: 2011-11-28
Data version: 1
Age of data: 151 months

Product

Mkopo Pamoja - Trust Group Loan Product 1 of 3 « Prev | Next »

Product

SUMMED (Scaling Up Micro-Finance Management and Entrepreneurial Development) Product 1 of 1 « Prev | Next »

Product Summary

Number borrowers3,536
Loan Amount (range)TZS 100,000 - 1,500,000
Loan Term (range)4 - 9
Other Services (text summary)Credit Educ, Group Mtgs, Credit Ins, Other Training
Annual Interest & Method36.00% annual, Flat
Fees2.00% upfront
Insurance1.00% upfront
TaxNone
Comp Dep10.00% upfront
Range of pricing 
Interest Price Component48.7% - 65.6%
Fee Component4.2% - 7.7%
Insurance Component2.8% - 4.0%
Tax Component Range0
Full APR (int fee ins tax dep)86.1% - 92.1%
Transparency Index (min/max)39 - 45
Transparency Index (average)40

Product Summary

4,480
PHP 1,000 - 150,000
1 - 12
Credit Educ, Credit Ins, Tech Asst Visits, Business Training
36.0%-48.0% annual, Flat
3.00% upfront 10.00-20.00 upfront
0.13%-1.50% upfront
None
4.00% ongoing
 
N/A
82.3% - 100.9% (Int+Fee)
4.1% - 5.0%
0
88.4% - 121.4%
30 - 41
35

Product Details

Key Statistics
Outstanding portfolio (TZS)TZS 1,100,000,000
Portfolio (USD)USD 691,823.90
Active Clients with Loans3,536
Approximate % Female Clients60% - 80%
Approximate % Urban Clients60% - 80%
Methodology
Individual
Solidarity groupx
Village bankingx
Self help group
Other
Description
Mkopo Pamoja (Trust Group Loan) is Opportunity Tanzania's entry level Micro Business loan for groups.
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
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 institution3
# Regions for this product3
Regions ActiveArusha, Dar es Salaam, Kilimanjaro

Product Details

Key Statistics
Outstanding portfolio (PHP)PHP 40,300,000
Portfolio (USD)USD 964,114.83
Active Clients with Loans4,480
Approximate % Female Clients60% - 80%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Short term loans extended to members with small businesses
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetings
Credit insurancex
Workplace visitsx
Business trainingx
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a business
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 institutionN/A
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyTZS
Minimum loan sizeTZS 100,000
Maximum loan size1,500,000
Distribution at Disbursement (Est.)
Loans less than TZS 350,00050%
TZS 350,000-1,250,00030%
TZS 1,250,000-2,000,00020%
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 term4.0 months
Longest loan term9.0 months
Approx average6.5 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months60%
Between 7 and 9 months40%
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage100%
Average grace period0.6 months
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

Loan Conditions

Loan Amount
CurrencyPHP
Minimum loan sizePHP 1,000
Maximum loan size150,000
Loan Term and Grace Period
Shortest loan term1.0 month
Longest loan term12.0 months
Approx average0
Grace Period
Grace period usage0
Average grace period0.3 months
Repayment Frequency
Dailyx
Weeklyx
Every 2 weeksx
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 interest3.00%
Highest quoted nominal interest3.00%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionLoan Processing Fee
% of loan amount - min2.00%
% of loan amount - max2.00%
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
Ins 1
DescriptionCredit Life, Funeral, Property
% 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 Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaFirst Loan Cycle Security Deposit required is equal to 1% of the loan amount.
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?Yes
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

Pricing Information

Interest
Lowest quoted nominal interest3.00%
Highest quoted nominal interest4.00%
Reason(s) why interest rate variesLoan Size
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionService ChargeFiling Fee
% of loan amount - min3.00%0
% of loan amount - max3.00%0
OR, Fixed amount - min010
Fixed amount - max020
Reason for variationN/A
Appears on Repayment Sched?NoNo
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionCredit Insurance
% of loan amount - min0.13%
% of loan amount - max1.50%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?Yes
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited0
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited4.00%
or, Fixed-amount deposited0
Conditions on access to depositAccess During
Interest Paid on Deposit
Minimum interest rate paid2.75%
Maximum interest rate paid2.75%
Interest payment frequencyQuarterly
Taxes
Are taxes charged on this product?No
Additional Comments
Quarterly payment of interest. The Coop collects both savings and CBU. CBU is non-withdrawable and will be used for dividends at the end of the year. Annually, the Coop also collects P2 as miscellaneous fee to cover office supplies and other administrative expenses

Full Pricing Data

Mkopo Pamoja - Trust Group Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountTZS 100,000TZS 250,000TZS 500,000TZS 1,000,000
Loan Cycle (1, 2, 3, etc)11Not Known3
Disbursement Date2013-02-192013-02-192013-02-142013-02-19
Loan Term (Months)6.0 months6.0 months6.0 months6.0 months
Grace Period (Months)0.4 months0.4 months0.4 months0.5 months
Total Cost of CreditTZS 22,200TZS 53,100TZS 103,800TZS 210,000
True Price by Comp       
Interest price component65.6%62.0%61.2%60.8%
Fee Component7.7%7.7%7.7%7.6%
Insurance Component3.9%3.9%4.0%3.8%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component14.9%14.2%14.1%13.9%
Full APR (int fee ins tax dep)92.1%87.8%87.0%86.1%
Transparency Index39414142
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF

Full Pricing Data

SUMMED (Scaling Up Micro-Finance Management and Entrepreneurial Development) samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountPHP 3,000PHP 8,000PHP 15,000PHP 30,000PHP 60,000PHP 90,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2009-08-042011-09-162011-07-222011-04-282011-06-092009-02-05
Loan Term (Months)6.1 months6.1 months6.0 months6.0 months7.9 months8.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot KnownNot KnownNot Known
True Price by Comp           
Interest and Fee Component100.9%98.3%82.3%88.6%97.1%83.3%
Insurance Component5.0%4.8%4.1%4.4%4.8%4.2%
Tax Component0.0%0.0%0.0%0.0%0.0%0.0%
Deposit Component15.5%15.7%1.9%4.8%3.7%2.3%
Full APR (int fee ins tax dep)121.4%118.8%88.4%97.8%105.6%89.7%
Transparency Index303041373440
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF
Mkopo Pamoja - Trust Group Loan Price Graphs


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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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