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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

Plan Microcrédito I (Microcrédito Secuencial) Product 8 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

738
BOB 1,000 - 44,000
4 - 60
Credit Ins
25.0%-32.0% annual, Decl Bal
5.00% upfront 5.00% ongoing
None
None
N/A
 
N/A
32.0% - 34.4% (Int+Fee)
0 - 0.6%
0 - 0.4%
32.0% - 34.4%
0 - N/A
75

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 3,269,437
Portfolio (USD)USD 484,361.04
Active Clients with Loans738
Approximate % Female Clients40% - 60%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Loan for small experienced business owners.
Loan Purpose
Any purpose
Income generationx
Mortgage/housingx
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
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
OtherGood credit history
Other (2)Owning profitable or sustainable business
# 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 1,000
Maximum loan size44,000
Loan Term and Grace Period
Shortest loan term4.0 months
Longest loan term60.0 months
Approx average19.0 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
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 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 interest25.00%
Highest quoted nominal interest32.00%
Reason(s) why interest rate variesLoan Size, Client Risk
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionSeguro de Desgravamen
% of loan amount - min5.00%
% of loan amount - max5.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation
Appears on Repayment Sched?No
Ongoing Fees
Fee 1
DescriptionSeguro de Desgravamen
% of loan amount - min5.00%
% of loan amount - max5.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

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

Plan Microcrédito I (Microcrédito Secuencial) samples
Sample 1Sample 2Sample 3
Loan AmountBOB 6,970BOB 14,000BOB 24,500
Loan Cycle (1, 2, 3, etc)135
Disbursement Date2010-04-292010-02-102010-02-02
Loan Term (Months)12.0 months24.0 months36.0 months
Grace Period (Months)0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot Known
True Price by Comp     
Interest and Fee Component34.4%33.0%32.0%
Insurance Component0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)34.4%33.0%32.0%
Transparency Index737678
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
Group product (MEC loan product) Price Graphs


Plan Microcrédito I (Microcrédito Secuencial) 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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