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Institution

Micro Entrepreneurs Development Foundation Micro Entrepreneurs Development FoundationDar Es SalaamP.O. Box 24581
Data approved: 2013-08-06
Data version: 1
Age of data: 51 months

Product

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Product Details

Key Statistics
Outstanding portfolio (TZS)TZS 236,174,979
Portfolio (USD)USD 148,537.72
Active Clients with Loans606
Approximate % Female Clients80% - 100%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity groupx
Village banking
Self help group
Other
Description
This product is based on the group methodology and each group consists at least three members.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculturex
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurance
Workplace visitsx
Business trainingx
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 institution2
# Regions for this product2
Regions ActiveDar es Salaam, Pwani

Loan Conditions

Loan Amount
CurrencyTZS
Minimum loan sizeTZS 100,000
Maximum loan size5,000,000
Distribution at Disbursement (Est.)
Loans less than TZS 350,00040%
TZS 350,000-1,250,00040%
TZS 1,250,000-2,000,00015%
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 term3.0 months
Longest loan term12.0 months
Approx average1.3 months
Distribution at Disbursement (Est.)
Loans 3 months or less30%
Between 4 and 6 months40%
Between 7 and 9 months20%
Between 10 and 12 months10%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage100%
Average grace period0.2 months
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 interest4.00%
Reason(s) why interest rate variesTime as Client
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?Yes
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionLoan Processing FeeMembership Fee
% of loan amount - min2.50%0
% of loan amount - max3.00%0
OR, Fixed amount - min015,000
Fixed amount - max015,000
Reason for variationLoans <2,000,000 =3%, loans>2,000,000 =2.5%Only on first cycle loans.
Appears on Repayment Sched?YesYes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionDeath Recovery Insurance Fee
% of loan amount - min2.00%
% of loan amount - max2.00%
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
CriteriaUpfront: 1st cycle =10%. Multiple cycle =20%. Ongoing = 1st & 2nd cycle = 1500 TZS each week. 3rd cycle onward = 2000 TZS each week.
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% - 20.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount depositedTZS 1,500 - TZS 2,000
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

Full Pricing Data

Group Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountTZS 100,000TZS 300,000TZS 500,000TZS 1,000,000TZS 2,000,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2013-07-242013-05-132013-04-262013-07-182013-02-25
Loan Term (Months)4.9 months5.8 months4.9 months8.0 months9.0 months
Grace Period (Months)0.2 months0.2 months0.2 months0.2 months0.0 months
Total Cost of CreditTZS 40,000TZS 87,000TZS 125,000TZS 370,000TZS 890,000
True Price by Comp         
Interest price component84.8%85.7%84.8%86.3%90.8%
Fee Component97.4%12.6%14.5%9.9%7.3%
Insurance Component12.6%8.6%10.1%6.9%6.0%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component104.3%75.0%64.5%55.0%50.8%
Full APR (int fee ins tax dep)299.1%181.9%173.9%158.1%154.9%
Transparency Index1220212323
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF
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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