Please note that the information you are viewing is 121 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Vision Fund - Tanzania P.o.box 1546,Arusha TanzaniaArusha255
Data approved: 2014-04-01
Data version: 1
Age of data: 121 months

Institution Details

Institution TypeNon-Governmental Organization
Is this institution regulated?Yes
Website addresshttp://www.seda.or.tz
Year established1996
Head of InstitutionAdriam Merryman
Regions activeDodoma, Kilimanjaro, Mwanza, Shinyanga
# Branches12

Total Portfolio (nat'l)TZS 12,569,084,427
Total Portfolio (USD)USD 7,905,084.55
Active clients with loans34,390
Approximate % female clients40% - 60%
Approximate % urban clients40% - 60%
Network affiliations
Funders

Loan Products » Summary

27,425 Borrowers
USD 4,814,263.10 Portfolio
Active Product
1,262 Borrowers
USD 1,250,112.52 Portfolio
Active Product
2,389 Borrowers
USD 1,180,159.69 Portfolio
Active Product
2,393 Borrowers
USD 368,768.91 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Biashara TZS 50,000 - 10,000,000 6 - 12 60% - 80% 40% - 60% Business Women, Men, Have business, Have home or land, Specific age group Other Training
Kitita TZS 1,000,000 - 10,000,000 3 - 12 20% - 40% 100% Business, Other Women, Men, Have business, Have home or land, Specific age group
Jiendeleze TZS 500,000 - 5,000,000 3 - 12 40% - 60% 100% Business Women, Men, Have business, Have home or land Other Training
Mkombozi TZS 50,000 - 1,000,000 6 - 8 40% - 60% 0% Agriculture Women, Men, Have home or land Credit Ins

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Biashara 36.0% annual, Flat 1 Fee 1 Ins None 10.0% upfront 64.8% - 66.5% 78.9% - 81.1% 45
Kitita 30.0% annual, Flat 1 Fee 1 Ins None 10.0% upfront 52% - 52.4% 64.2% - 66% 46
Jiendeleze 30.0% annual, Flat 1 Fee 1 Ins None 20.0% upfront 56% - 57.1% 89.9% - 94.8% 32
Mkombozi 60.0% annual, Flat 1 Fee 1 Ins None 10.0% upfront 59.6% - 69.8% 69.9% - 81.9% 80
Institution Price Graph
Please note that the information you are viewing is 132 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 Head OfficeCantomentsAccra, Greater AccraP.O. Box CT 5217
Data approved: 2013-03-04
Data version: 2
Age of data: 132 months

Product

Group Loan Product 2 of 3 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (GHS)GHS 4,995,261
Portfolio (USD)USD 2,535,665.48
Active Clients with Loans9,642
Approximate % Female Clients80% - 100%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity groupx
Village banking
Self help group
Other
Description
Designed for solidarity groups.
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 institution2
# Regions for this product2
Regions ActiveGreater Accra Region, Ashanti Region

Loan Conditions

Loan Amount
CurrencyGHS
Minimum loan sizeGHS 2,000
Maximum loan size10,000
Distribution at Disbursement (Est.)
Loans less than GHS 1,0000
GHS 1,000-5,0000
GHS 5,000-7,50020%
GHS 7,500-10,00080%
GHS 10,000-13,0000
Greater than GHS 13,0000
Loan Term and Grace Period
Shortest loan term5.0 months
Longest loan term8.0 months
Approx averagedk
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months80%
Between 7 and 9 months20%
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage100%
Average grace period1.0 month
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 interest3.00%
Highest quoted nominal interest8.00%
Reason(s) why interest rate variesClient Risk
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min3.00%
% of loan amount - max3.00%
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?Yes
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 depositFinal Pmt
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 3,200GHS 6,500GHS 9,500
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2013-01-102013-02-022013-01-14
Loan Term (Months)6.0 months5.0 months3.0 months
Grace Period (Months)1.9 months1.5 months0.9 months
Total Cost of CreditGHS 672GHS 1,170GHS 1,140
True Price by Comp     
Interest price component49.7%51.4%51.8%
Fee Component9.3%11.3%18.4%
Insurance Component0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%
Deposit Component9.1%9.9%11.4%
Full APR (int fee ins tax dep)68.1%72.6%81.6%
Transparency Index535044
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
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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