| Number borrowers | 101,152 |
| 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 & Method | 30.0% annual, Flat |
| Fees | 1.00% upfront |
| Insurance | 1.35% upfront |
| Tax | None |
| Comp Dep | 25.0% upfront 3,000.00 ongoing |
| Range of pricing | |
| Interest Price Component | 35.8% - 52.8% |
| Fee Component | 2.0% - 6.7% |
| Insurance Component | 0 - 5.1% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 97.0% - 141.6% |
| Transparency Index (min/max) | 21 - 91 |
| Transparency Index (average) | 25 |
| 1,164 |
| INR 5,000 - 10,000 |
| 10.6 |
| Credit Educ, Group Mtgs, Credit Ins |
| 15.0% annual, Flat |
| 1.00% upfront |
| 0.50% upfront |
| None |
| 10.0% upfront |
| N/A |
| 29.7% - 34.2% (Int+Fee) |
| 1.2% |
| 0 |
| 37.7% - 43.1% |
| 35 - 40 |
| 37 |
| Outstanding portfolio (TZS) | TZS 43,559,384,902 |
| Portfolio (USD) | USD 27,395,839.56 |
| Active Clients with Loans | 101,152 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 80% - 100% |
| Individual | |
| Solidarity group | x |
| 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 | x |
| Group meetings | x |
| 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 | 20 |
| # Regions for this product | 23 |
| Regions Active | Arusha, 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 |
| Outstanding portfolio (INR) | INR 5,273,925 |
| Portfolio (USD) | USD 99,508.02 |
| Active Clients with Loans | 1,164 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 40% - 60% |
| Individual | |
| Solidarity group | |
| Village banking | |
| Self help group | x |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | x |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services |
| Men | |
| Women | x |
| Must run a business | x |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | |
| Household income <60,000 INR | |
| Household income <120,000 INR | |
| Must live in rural area | |
| Must lives in urban area | |
| Other | |
| Other (2) |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Currency | TZS |
| Minimum loan size | TZS 300,000 |
| Maximum loan size | 3,000,000 |
| Loans less than TZS 350,000 | 30% |
| TZS 350,000-1,250,000 | 60% |
| TZS 1,250,000-2,000,000 | 5% |
| TZS 2,000,000-3,000,000 | 5% |
| TZS 3,000,000-4,000,000 | 0 |
| Greater than TZS 4,000,000 | 0 |
| Shortest loan term | 5.0 months |
| Longest loan term | 12.0 months |
| Approx average | DK |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 30% |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 70% |
| 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 | |
| Every 4 weeks | |
| Monthly | |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Currency | INR |
| Minimum loan size | INR 5,000 |
| Maximum loan size | 10,000 |
| Shortest loan term | 10.6 months |
| Longest loan term | 10.6 months |
| Approx average | 10.6 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 100% |
| 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 | |
| Every 4 weeks | |
| Monthly | |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 30.00% |
| Highest quoted nominal interest | 30.00% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Application Fee |
| % of loan amount - min | 1.00% |
| % of loan amount - max | 1.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | Yes |
| Ins 1 | |
|---|---|
| Description | Loan Insurance |
| % of loan amount - min | 1.35% |
| % of loan amount - max | 1.35% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | Yes |
| Required for | All |
| Criteria | Interest on deposit is paid every six months. |
| Is deposit indicated on the repayment schedule? | No |
| Do borrowers control deposit in their group? | No |
| % loan amount deposited | 25.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | TZS 3,000 |
| Conditions on access to deposit | When Leaving |
| Minimum interest rate paid | 3.00% |
| Maximum interest rate paid | 5.00% |
| Interest payment frequency | End Term |
| Are taxes charged on this product? | No |
| Lowest quoted nominal interest | 15.00% |
| Highest quoted nominal interest | 15.00% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | Yes |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Processing Fee |
| % of loan amount - min | 1.00% |
| % of loan amount - max | 1.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | Yes |
| Ins 1 | |
|---|---|
| Description | Insurance Fee |
| % of loan amount - min | 0.50% |
| % of loan amount - max | 0.50% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | Yes |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | Yes |
| Do borrowers control deposit in their group? |
| % loan amount deposited | 10.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | End Term |
| Minimum interest rate paid | 0 |
| Maximum interest rate paid | 0 |
| Interest payment frequency | N/A |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | TZS 300,000 | TZS 500,000 | TZS 1,000,000 | TZS 1,200,000 | TZS 3,000,000 | ||||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
| Disbursement Date | 2013-07-07 | 2013-07-08 | 2013-07-11 | 2013-07-15 | 2013-07-08 | ||||
| Loan Term (Months) | 6.0 months | 13.0 months | 12.0 months | 13.0 months | 13.0 months | ||||
| Grace Period (Months) | 0.1 months | 0.0 months | 0.0 months | 0.0 months | 0.2 months | ||||
| Total Cost of Credit | TZS 52,050 | TZS 161,750 | TZS 323,500 | TZS 388,200 | TZS 970,500 | ||||
| True Price by Comp | |||||||||
| Interest price component | 51.0% | 52.8% | 52.6% | 52.6% | 50.7% | ||||
| Fee Component | 3.8% | 2.1% | 2.1% | 2.2% | 2.1% | ||||
| Insurance Component | 5.1% | 2.9% | 2.9% | 2.9% | 2.8% | ||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Deposit Component | 81.7% | 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 Index | 21 | 22 | 27 | 27 | 31 | ||||
| Original Repayment Schedule | |||||||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | ||
|---|---|---|---|
| Loan Amount | INR 5,000 | INR 10,000 | |
| Loan Cycle (1, 2, 3, etc) | 1 | 2 | |
| Disbursement Date | 2010-03-11 | 2010-06-12 | |
| Loan Term (Months) | 10.7 months | 10.5 months | |
| Grace Period (Months) | 0.0 months | 0.0 months | |
| Total Cost of Credit | Not Known | Not Known | |
| True Price by Comp | |||
| Interest and Fee Component | 34.2% | 29.7% | |
| Insurance Component | 1.2% | 1.2% | |
| Tax Component | 0.0% | 0.0% | |
| Deposit Component | 7.7% | 6.8% | |
| Full APR (int fee ins tax dep) | 43.1% | 37.7% | |
| MFIN MFI Earning (Annualised) | 34.2% | 29.7% | |
| MFIN Cost to Borrower (Annualised) | 43.1% | 37.7% | |
| Transparency Index | 35 | 40 | |
| MFIN Transparency Index | N/A | N/A | |
| 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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