Please note that the information you are viewing is 156 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Rural Credit Finance Company Ltd Roberta PlazaPlot 202/203, Hoima RoadKampala, Central RegionPO Box 29632
Data approved: 2011-06-29
Data version: 1
Age of data: 156 months

Institution Details

Institution TypeNon-Governmental Organization
Is this institution regulated?No
Website addressN/A
Year established1996
Head of InstitutionKasasa Moses
Regions activeCentral
# Branches4

Total Portfolio (nat'l)UGX 2,245,951,000
Total Portfolio (USD)USD 898,380.40
Active clients with loans5,557
Approximate % female clients40% - 60%
Approximate % urban clients20% - 40%
Network affiliationsAMFIU
FundersStromme, Oikocredit

Loan Products » Summary

1,162 Borrowers
USD 91,200 Portfolio
Active Product
2,796 Borrowers
USD 203,600 Portfolio
Active Product
229 Borrowers
USD 43,200 Portfolio
Active Product
1,369 Borrowers
USD 559,681 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Agriculture Group Lending UGX 100,000 - 1,000,000 6 40% - 60% 0% - 20% Any Purpose Women, Men, Have business Credit Educ, Group Mtgs, Credit Ins
Commercial Group Loans UGX 100,000 - 3,000,000 4 - 6 80% - 100% 40% - 60% Business Women, Men, Have business Credit Educ, Group Mtgs, Credit Ins
Emergency Loan UGX 200,000 - 1,000,000 1 20% - 40% 60% - 80% Any Purpose Women, Men, Have business, Salaried worker Credit Educ
Individual Business loans UGX 500,000 - 15,000,000 4 - 10 40% - 60% 60% - 80% Business Women, Men, Have business, Salaried worker Credit Educ, Credit Ins

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Agriculture Group Lending 38.40% annual, Flat 2 Fees 1 Ins None N/A 84.9% - 90.7% 90.4% - 96.3% 41
Commercial Group Loans 45.60% annual, Flat 2 Fees 1 Ins None N/A 106.5% - 112% 113.3% - 118.9% 39
Emergency Loan 60.00% annual, Flat 2 Fees 0 Ins None N/A 103.8% - 157.1% 103.8% - 157.1% 48
Individual Business loans 48.00% annual, Flat 2 Fees 1 Ins None N/A 89.5% - 96.4% 92.3% - 100.6% 49
Institution Price Graph
Please note that the information you are viewing is 110 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

FINCA Tanzania M.F.C. Limited Plot # 84 Morogoro Rd,Dar es SalaamP.O Box 78783
Data approved: 2014-11-04
Data version: 3
Age of data: 110 months

Product

Village Banking Loan Product 3 of 3 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (TZS)TZS 16,313,780,319
Portfolio (USD)USD 10,260,239.19
Active Clients with Loans56,067
Approximate % Female Clients60% - 80%
Approximate % Urban Clients20% - 40%
Methodology
Individual
Solidarity group
Village bankingx
Self help group
Other
Description
This loans are given to groups that range from between 15 and 30.
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 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 institution14
# Regions for this product17
Regions ActiveArusha, Dar es Salaam, Dodoma, Iringa, Kagera, Kilimanjaro, Manyara, MaraMbeya, Morogoro, Mwanza, Pwani, Ruvuma, ShinyangaSingida, Tabora, Tanga

Loan Conditions

Loan Amount
CurrencyTZS
Minimum loan sizeTZS 30,000
Maximum loan size3,000,000
Distribution at Disbursement (Est.)
Loans less than TZS 350,00040%
TZS 350,000-1,250,00050%
TZS 1,250,000-2,000,00010%
TZS 2,000,000-3,000,0000
TZS 3,000,000-4,000,0000
Greater than TZS 4,000,0000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term10.0 months
Approx average6.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months30%
Between 7 and 9 months40%
Between 10 and 12 months30%
Between 13 and 18 months0
Longer than 18 months0
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 interest6.50%
Highest quoted nominal interest6.50%
Interest rate periodMonthly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
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 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
Additional Comments
Institution meets the insurance charges for all customers, spouse and up to 4 children aged below 18

Full Pricing Data

Village Banking Loan samples
Loan Amount
Type of Sample
Disbursement Date
Loan Term (Months)
Grace Period (Months)
Total Cost of Credit
Full APR (int fee ins tax dep)
True Price by Component
Transparency Index
Original Repayment Schedule
MFT Pricing Calculation
Interest price component
Fee Component
Insurance Component
Tax Component
Deposit Component
TZS 1,200,000 Real 2014-12-16 7.4 months N/A TZS 376,677.98 82.2% 82.2% 0.0% 0.0% 0.0% 0.0% 95 PDF PDF
TZS 1,200,000 Generated 2015-03-01 7.0 months N/A TZS 347,585.42 79.4% 79.4% 0.0% 0.0% 0.0% 0.0% 98 - PDF
TZS 350,000 Real 2014-12-29 5.5 months N/A TZS 83,793.43 82.2% 82.2% 0.0% 0.0% 0.0% 0.0% 95 PDF PDF
TZS 350,000 Generated 2015-03-01 6.0 months N/A TZS 87,622.16 79.4% 79.4% 0.0% 0.0% 0.0% 0.0% 98 - PDF
TZS 75,000 Generated 2015-03-01 9.0 months N/A TZS 26,307.46 75.7% 75.7% 0.0% 0.0% 0.0% 0.0% 100 - PDF
TZS 300,000 Generated 2015-03-01 9.0 months N/A TZS 105,229.83 75.7% 75.7% 0.0% 0.0% 0.0% 0.0% 100 - PDF
TZS 550,000 Generated 2015-03-01 9.0 months N/A TZS 192,921.35 75.7% 75.7% 0.0% 0.0% 0.0% 0.0% 100 - PDF
TZS 750,000 Generated 2015-03-01 6.0 months N/A TZS 178,167.38 75.7% 75.7% 0.0% 0.0% 0.0% 0.0% 100 - PDF
TZS 900,000 Generated 2015-03-01 9.0 months N/A TZS 315,689.49 75.7% 75.7% 0.0% 0.0% 0.0% 0.0% 100 - PDF
TZS 2,500,000 Generated 2015-03-01 10.0 months N/A TZS 974,184.89 75.7% 75.7% 0.0% 0.0% 0.0% 0.0% 100 - PDF
Village Banking Loan Price Graphs


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Key Statistics
# Samples:
# Products
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# 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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