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Institution

Data approved: 2013-07-16
Data version: 1
Age of data: 127 months

Institution

Fundación Agrocapital Calle Nataniel Aguirre No. S-669Cochabamba, Cercado5901
Data approved: 2010-10-28
Data version: 1
Age of data: 164 months

Product

Group product (MEC loan product) Product 1 of 3 « Prev | Next »

Product

Banca Comunal Product 1 of 11 « Prev | Next »

Product Summary

Number borrowers101,152
Loan Amount (range)TZS 300,000 - 3,000,000
Loan Term (range)5 - 12
Other Services (text summary)Credit Educ, Group Mtgs, Credit Ins
Annual Interest & Method30.0% annual, Flat
Fees1.00% upfront
Insurance1.35% upfront
TaxNone
Comp Dep25.0% upfront 3,000.00 ongoing
Range of pricing 
Interest Price Component35.8% - 52.8%
Fee Component2.0% - 6.7%
Insurance Component0 - 5.1%
Tax Component Range0
Full APR (int fee ins tax dep)97.0% - 141.6%
Transparency Index (min/max)21 - 91
Transparency Index (average)25

Product Summary

14,946
BOB 300 - 12,000
4 - 8
N/A
30.0% annual, Decl Bal
None
None
None
10.0% upfront 20.00% ongoing
 
N/A
30.7% - 30.8% (Int+Fee)
0 - 0.6%
0 - 0.4%
47.8% - 48.6%
0 - N/A
62

Product Details

Key Statistics
Outstanding portfolio (TZS)TZS 43,559,384,902
Portfolio (USD)USD 27,395,839.56
Active Clients with Loans101,152
Approximate % Female Clients60% - 80%
Approximate % Urban Clients80% - 100%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Group product is based on the modified Grameen Model. To be eligible, clients must join a solidality group of 5 members called Enteprise Group (EG). 10 EG's could form a large group of 50 clients called Market Enterprise Committee (MEC)
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 training
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 institution20
# Regions for this product23
Regions ActiveArusha, Dar es Salaam, Dodoma, Iringa, Kagera, Kigoma, Kilimanjaro, Lindi, Manyara, MaraMbeya, Morogoro, Mtwara, Mwanza, Pemba South, Pwani, Rukwa, Ruvuma, ShinyangaSingida, Tabora, Tanga, Zanzibar Urban/West

Product Details

Key Statistics
Outstanding portfolio (BOB)BOB 18,519,098
Portfolio (USD)USD 2,743,570.07
Active Clients with Loans14,946
Approximate % Female Clients60% - 80%
Approximate % Urban Clients80% - 100%
Methodology
Individual
Solidarity group
Village bankingx
Self help group
Other
Description
Son operaciones de crédito destinadas al financiamiento de unidades de comercio y servicios con activos y niveles de operación relativamente bajos, agrupados en grupos solidarios que conforman un Banco Comunal administrado por una Mesa Directiva.
Loan Purpose
Any purposex
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurance
Workplace visits
Business training
Other training
OtherN/A
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
OtherBuenos antecedentes crediticios. Solvencia Moral.
Other (2)Los interesados deben ser mayores de edad no mayores a 65 años.
# 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 300,000
Maximum loan size3,000,000
Distribution at Disbursement (Est.)
Loans less than TZS 350,00030%
TZS 350,000-1,250,00060%
TZS 1,250,000-2,000,0005%
TZS 2,000,000-3,000,0005%
TZS 3,000,000-4,000,0000
Greater than TZS 4,000,0000
Loan Term and Grace Period
Shortest loan term5.0 months
Longest loan term12.0 months
Approx averageDK
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months30%
Between 7 and 9 months0
Between 10 and 12 months70%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
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
CurrencyBOB
Minimum loan sizeBOB 300
Maximum loan size12,000
Loan Term and Grace Period
Shortest loan term4.0 months
Longest loan term8.0 months
Approx average6.0 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeksx
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest30.00%
Highest quoted nominal interest30.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionApplication Fee
% 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 Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionLoan Insurance
% of loan amount - min1.35%
% of loan amount - max1.35%
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
CriteriaInterest on deposit is paid every six months.
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?No
Deposit BEFORE or AT Disbursement
% loan amount deposited25.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount depositedTZS 3,000
Conditions on access to depositWhen Leaving
Interest Paid on Deposit
Minimum interest rate paid3.00%
Maximum interest rate paid5.00%
Interest payment frequencyEnd Term
Taxes
Are taxes charged on this product?No

Pricing Information

Interest
Lowest quoted nominal interest2.50%
Highest quoted nominal interest2.50%
Interest rate periodMonthly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
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?Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited10.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited20.00%
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
Additional Comments
El Ahorro al desembolso, se lo denomina "Depósito de Garantía" y el Ahorro durante el pago de cuotas son administrados por los prestatarios

Full Pricing Data

Group product (MEC loan product) samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountTZS 300,000TZS 500,000TZS 1,000,000TZS 1,200,000TZS 3,000,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2013-07-072013-07-082013-07-112013-07-152013-07-08
Loan Term (Months)6.0 months13.0 months12.0 months13.0 months13.0 months
Grace Period (Months)0.1 months0.0 months0.0 months0.0 months0.2 months
Total Cost of CreditTZS 52,050TZS 161,750TZS 323,500TZS 388,200TZS 970,500
True Price by Comp         
Interest price component51.0%52.8%52.6%52.6%50.7%
Fee Component3.8%2.1%2.1%2.2%2.1%
Insurance Component5.1%2.9%2.9%2.9%2.8%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component81.7%75.8%53.7%52.7%41.4%
Full APR (int fee ins tax dep)141.6%133.6%111.3%110.4%97.0%
Transparency Index2122272731
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF

Full Pricing Data

Banca Comunal samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountBOB 3,000BOB 3,000BOB 7,500BOB 8,000
Loan Cycle (1, 2, 3, etc)7447
Disbursement Date2010-05-192010-08-052010-08-122010-05-19
Loan Term (Months)6.5 months5.6 months6.5 months6.5 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot Known
True Price by Comp       
Interest and Fee Component30.7%30.8%30.7%30.7%
Insurance Component0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component17.6%17.0%17.9%17.6%
Full APR (int fee ins tax dep)48.4%47.8%48.6%48.4%
Transparency Index62636262
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
Group product (MEC loan product) Price Graphs


Banca Comunal 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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