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Institution

Opportunity Tanzania Limited Head OfficeDar Es SalaamPO Box 80244
Data approved: 2013-02-22
Data version: 2
Age of data: 127 months

Product

Mkopo Vuka - Solidarity Group Loan Product 2 of 3 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (TZS)TZS 3,700,000,000
Portfolio (USD)USD 2,327,044.03
Active Clients with Loans5,071
Approximate % Female Clients60% - 80%
Approximate % Urban Clients60% - 80%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Mkopo Vuka (Solidarity Group Loan) is Opportunity Tanzania's Small Business Loan for groups who have graduated from an entry-level loan and have a need for a larger loan for their business.
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

Loan Conditions

Loan Amount
CurrencyTZS
Minimum loan sizeTZS 250,000
Maximum loan size7,500,000
Distribution at Disbursement (Est.)
Loans less than TZS 350,0005%
TZS 350,000-1,250,00015%
TZS 1,250,000-2,000,00030%
TZS 2,000,000-3,000,00030%
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 average6.5 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months70%
Between 7 and 9 months30%
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage100%
Average grace period0.7 months
Repayment Frequency
Daily
Weekly
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 interest2.50%
Highest quoted nominal interest2.50%
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 - min1.50%
% of loan amount - max1.50%
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

Full Pricing Data

Mkopo Vuka - Solidarity Group Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountTZS 300,000TZS 500,000TZS 1,000,000TZS 2,000,000TZS 3,000,000TZS 5,000,000
Loan Cycle (1, 2, 3, etc)1Not Known4444
Disbursement Date2013-02-192013-02-122012-11-302012-11-302012-11-302013-01-21
Loan Term (Months)6.0 months6.0 months6.0 months6.0 months6.0 months8.0 months
Grace Period (Months)0.2 months0.1 months0.2 months0.2 months0.2 months0.2 months
Total Cost of CreditTZS 54,300TZS 89,200TZS 179,700TZS 359,400TZS 540,400TZS 1,125,000
True Price by Comp           
Interest price component52.0%53.2%51.5%51.5%51.6%48.7%
Fee Component5.5%5.8%5.5%5.5%5.5%4.2%
Insurance Component3.8%3.9%3.7%3.7%3.8%2.8%
Tax Component0.0%0.0%0.0%0.0%0.0%0.0%
Deposit Component12.0%12.8%12.1%12.1%12.0%10.4%
Full APR (int fee ins tax dep)73.3%75.7%72.8%72.8%72.9%66.1%
Transparency Index414041414145
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF
Mkopo Vuka - Solidarity Group Loan Price Graphs


Institution # Borrowers Portfolio (US$) Products Age of Data
ABT25,40037,378,0002114
AKIBA26,90036,852,0004127
BELITA5,800492,0001127
BRAC Tanzania102,30019,663,0002127
F & K Finance038,0001150
FINCA Tanzania78,40031,517,0003110
FMFC1,500392,0006127
K-Finance Ltd1,000264,0002127
Mbinga1,0002,986,0003127
MCBL3,6002,837,0006127
MDF Tanzania600148,0001127
NMB45,10074,528,0001127
Opportunity8,6003,018,0003127
PRIDE Tanzania104,40033,321,0003127
PTF-N/A127
Selfina8,0003,773,0002150
Tujijenge Tanzania10,0002,060,0004127
VF^Tanzania34,3907,613,0004121
Victoria100377,0003150
YOSEFO17,1002,211,0003150
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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