| Number borrowers | 7,089 |
| Loan Amount (range) | TZS 50,000 - 4,000,000 |
| Loan Term (range) | 3 - 12 |
| Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Other Training, Group dynamics |
| Annual Interest & Method | 48.00% annual, Flat |
| Fees | None |
| Insurance | None |
| Tax | None |
| Comp Dep | 20.00% upfront |
| Range of pricing | |
| Interest Price Component | 54.3% - 93.0% |
| Fee Component | 0 - 37.2% |
| Insurance Component | 0 |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 108.4% - 130.3% |
| Transparency Index (min/max) | 35 - 55 |
| Transparency Index (average) | 38 |
| 1,096 |
| BOB 24,000 - 140,000 |
| 1 - 6 |
| Credit Ins |
| 16.0%-27.0% annual, Decl Bal |
| None |
| 0.07%-0.39% upfront 0.07%-0.39% ongoing |
| None |
| N/A |
| 15.6% - 29.5% |
| 0 |
| 0.7% - 1.1% |
| 0 |
| 16.4% - 18.5% |
| 52 - 98 |
| 92 |
| Outstanding portfolio (TZS) | TZS 1,427,941,703 |
| Portfolio (USD) | USD 898,076.54 |
| Active Clients with Loans | 7,089 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 80% - 100% |
| Individual | |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | x |
| Consumer loan | |
| Agriculture | |
| Education | x |
| Other household finance | x |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | |
| Business training | |
| Other training | x |
| Other | Group dynamics |
| Other (2) | |
| No other services |
| Men | x |
| Women | x |
| Must run a business | x |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | 18 and above |
| Other (2) |
| # Regions for this institution | 4 |
| # Regions for this product | 4 |
| Regions Active | Dar es Salaam, Mara, Mtwara, Pwani |
| Outstanding portfolio (BOB) | BOB 194,376,135 |
| Portfolio (USD) | USD 28,796,464.44 |
| Active Clients with Loans | 1,096 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 80% - 100% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | |
| Group meetings | |
| Credit insurance | x |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services |
| Men | x |
| Women | x |
| Must run a business | x |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | 9 |
| # Regions for this product | 9 |
| Regions Active | Beni , Chuquisaca , Cochabamba , La Paz , Oruro , Pando , Potosí, Santa Cruz, Tarija |
| Currency | TZS |
| Minimum loan size | TZS 50,000 |
| Maximum loan size | 4,000,000 |
| Loans less than TZS 350,000 | 15% |
| TZS 350,000-1,250,000 | 50% |
| TZS 1,250,000-2,000,000 | 20% |
| TZS 2,000,000-3,000,000 | 10% |
| TZS 3,000,000-4,000,000 | 5% |
| Greater than TZS 4,000,000 | 5% |
| Shortest loan term | 3.0 months |
| Longest loan term | 12.0 months |
| Approx average | 4.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 100% |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 0 |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | x |
| Every 2 weeks | x |
| Every 4 weeks | |
| Monthly | |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Currency | BOB |
| Minimum loan size | BOB 24,000 |
| Maximum loan size | 140,000 |
| Loans less than BOB 10,000 | 0 |
| BOB 10,000-40,000 | 5% |
| BOB 40,000-70,000 | 15% |
| BOB 70,000-100,000 | 30% |
| BOB 100,000-125,000 | 10% |
| Greater than BOB 125,000 | 10% |
| Shortest loan term | 1.0 month |
| Longest loan term | 6.0 months |
| Approx average | 5.5 months |
| Loans 3 months or less | 10% |
| Between 4 and 6 months | 90% |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 0 |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | x |
| Irregular payments |
| Lowest quoted nominal interest | 48.00% |
| Highest quoted nominal interest | 48.00% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | Yes |
| Is rate fixed for entire loan term | Yes |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | No |
| Do borrowers control deposit in their group? | Yes |
| % loan amount deposited | 20.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | Final Pmt |
| Minimum interest rate paid | 0 |
| Maximum interest rate paid | 0 |
| Interest payment frequency | N/A |
| Are taxes charged on this product? | No |
| Lowest quoted nominal interest | 16.00% |
| Highest quoted nominal interest | 27.00% |
| Reason(s) why interest rate varies | Branch, Time as Client, Loan Size, Client Risk |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Ins 1 | |
|---|---|
| Description | Seguro de desgravamen anticipado |
| % of loan amount - min | 0.07% |
| % of loan amount - max | 0.39% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | Fee is 0.065% multiplied by the number of months between the disbursement date and the first date of repayment. |
| Appears on Repayment Sched? | Yes |
| Ins 1 | |
|---|---|
| Description | Seguro de desgravamen |
| % of loan amount - min | 0.07% |
| % of loan amount - max | 0.39% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | Fee is 0.065% per month, charged on the outstanding loan principal. |
| Appears on Repayment Sched? | Yes |
| Required for | Never |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | N/A |
| Do borrowers control deposit in their group? | N/A |
| % loan amount deposited | N/A |
| or, Fixed-amount deposited | N/A |
| % loan amount deposited | N/A |
| or, Fixed-amount deposited | N/A |
| Conditions on access to deposit | N/A |
| Minimum interest rate paid | N/A |
| Maximum interest rate paid | N/A |
| Interest payment frequency | N/A |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | TZS 100,000 | TZS 300,000 | TZS 550,000 | TZS 900,000 | TZS 1,900,000 | TZS 2,800,000 | |||||
| Loan Cycle (1, 2, 3, etc) | 2 | 1 | 4 | 4 | 4 | 4 | |||||
| Disbursement Date | 2013-01-16 | 2013-01-16 | 2013-02-11 | 2013-02-20 | 2013-01-17 | 2013-01-31 | |||||
| Loan Term (Months) | 3.7 months | 3.7 months | 4.7 months | 3.7 months | 6.0 months | 7.0 months | |||||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.1 months | 0.0 months | |||||
| Total Cost of Credit | TZS 16,000 | TZS 48,000 | TZS 110,000 | TZS 144,000 | TZS 456,000 | TZS 896,016 | |||||
| True Price by Comp | |||||||||||
| Interest price component | 87.8% | 87.8% | 88.8% | 87.8% | 76.4% | 89.0% | |||||
| Fee Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
| Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
| Deposit Component | 41.3% | 41.3% | 41.5% | 41.3% | 32.0% | 39.7% | |||||
| Full APR (int fee ins tax dep) | 129.1% | 129.1% | 130.3% | 129.1% | 108.4% | 128.7% | |||||
| Transparency Index | 37 | 37 | 37 | 37 | 44 | 37 | |||||
| Original Repayment Schedule | |||||||||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | BOB 80,000 | BOB 80,000 | BOB 135,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2013-08-20 | 2013-07-19 | 2013-10-18 | ||
| Loan Term (Months) | 5.9 months | 6.0 months | 5.9 months | ||
| Grace Period (Months) | 0.0 months | 5.0 months | 4.9 months | ||
| Total Cost of Credit | BOB 5,529.67 | BOB 6,712 | BOB 11,874 | ||
| True Price by Comp | |||||
| Interest price component | 17.4% | 15.6% | 16.6% | ||
| Fee Component | 0.0% | 0.0% | 0.0% | ||
| Insurance Component | 1.1% | 0.8% | 0.8% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 0.0% | 0.0% | 0.0% | ||
| Full APR (int fee ins tax dep) | 18.5% | 16.4% | 17.4% | ||
| Transparency Index | 86 | 98 | 92 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| 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 |
| Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
|---|---|---|---|---|---|---|---|
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