Institution Type | Private 'For-Profit' |
Is this institution regulated? | N/A |
Website address | N/A |
Year established | 2007 |
Head of Institution | PN Vasudevan |
Regions active | 0 |
# Branches | 200 |
Total Portfolio (nat'l) | INR 7,037,928,578 |
Total Portfolio (USD) | USD 156,398,412.80 |
Active clients with loans | 880,000 |
Approximate % female clients | 80% - 100% |
Approximate % urban clients | 80% - 100% |
Network affiliations |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Additional Micro Credit - Upcountry | INR 3,000 - 3,000 | 12 | 80% - 100% | 80% - 100% | Business | Women, Have business | Credit Educ, Group Mtgs, Credit Ins | |||||||
Additional Micro credit -Metro | INR 3,000 - 3,000 | 12 | 80% - 100% | 80% - 100% | Business | Women, Have business | Credit Educ, Group Mtgs, Credit Ins | |||||||
Additional Micro-Credit | INR 3,000 - 3,000 | 6 - 9 | 80% - 100% | 80% - 100% | Business | Women, Have business | Credit Educ, Group Mtgs, Credit Ins | |||||||
Gurukul Loan | INR 3,035 - 6,000 | 12 | 80% - 100% | 80% - 100% | Education | Women, Have business, if the business is run by the client's husband; and the client has an active role in the day-to-day | Group Mtgs | |||||||
Primary Loans - Metro | INR 10,100 - 15,000 | 23 - 24 | 80% - 100% | 80% - 100% | Business | Women, Have business, either client runs business or husband runs busines | Credit Educ, Group Mtgs, Credit Ins | |||||||
Primary loans - Rural | INR 10,100 - 15,000 | 23 - 24 | 80% - 100% | 0% - 20% | Business | Women, Have business, Either client runs business or husband runs business | Credit Educ, Group Mtgs, Credit Ins | |||||||
Primary Loans - Upcountry | INR 10,100 - 15,000 | 23 - 24 | 80% - 100% | 80% - 100% | Business | Women, Have business, Either client runs business or husband runs business | Credit Educ, Group Mtgs, Credit Ins | |||||||
Primary Loans | INR 10,100 - 12,000 | 24 | 80% - 100% | 80% - 100% | Business | Women, Have business, either client runs business or husband runs business and the client has an active role | Credit Educ, Group Mtgs, Credit Ins | |||||||
Second cycle loan - Metro | INR 10,100 - 17,500 | 18 - 24 | 80% - 100% | 80% - 100% | Business | Women, Have business | Credit Educ, Group Mtgs, Credit Ins | |||||||
Second Cycle Loan - Upcountry | INR 10,100 - 17,500 | 18 - 24 | 80% - 100% | 80% - 100% | Business | Women, Have business | Credit Educ, Group Mtgs, Credit Ins | |||||||
Second Cycle Loan | INR 10,100 - 17,500 | 18 - 24 | 80% - 100% | 80% - 100% | Business | Women, Have business | Credit Educ, Group Mtgs, Credit Ins | |||||||
Shiksha Loan | INR 750 - 5,000 | 12 | 80% - 100% | 80% - 100% | Education | Women, Have business, if the business is run by the client's husband; and the client has an active role in the day-to-day | ||||||||
Third Cycle Loan | INR 10,100 - 15,000 | 24 | 80% - 100% | 0% | Business | Women, Have business | Credit Educ, Group Mtgs | |||||||
Vidya loan - Metro | INR 3,000 - 3,000 | 12 | 80% - 100% | 80% - 100% | Education | Women, Have business | Credit Educ, Group Mtgs, Credit Ins | |||||||
Vidya loan - Upcountry | INR 3,000 - 3,000 | 12 | 80% - 100% | 80% - 100% | Education | Women, Have business | Group Mtgs, Credit Ins | |||||||
Vidya Loan | INR 3,000 - 3,000 | 12 | 80% - 100% | 80% - 100% | Education | Women, Have business | Credit Educ, Group Mtgs, Credit Ins |
Product Name | APR (int) | MFIN MFI Earning (Annualised) | MFIN Cost to Borrower (Annualised) | COMPLIANCE WITH RBI GUIDELINES ON INTEREST METHOD | COMPLIANCE WITH RBI GUIDELINES ON PROCESSING FEES | COMPLIANCE WITH RBI GUIDELINES ON INSURANCE PREMIUM | MFIN Transparency Index | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Additional Micro Credit - Upcountry | 0% | 25.7% | 26.5% | N/A | ||||||||||
Additional Micro credit -Metro | 0% | 0% | 0% | N/A | ||||||||||
Additional Micro-Credit | 0% | 0% | 0% | N/A | ||||||||||
Gurukul Loan | 0% | 20.1% - 21.2% | 20.1% - 21.2% | N/A | ||||||||||
Primary Loans - Metro | 0% | 0% | 0% | N/A | ||||||||||
Primary loans - Rural | 0% | 28.5% | 29.4% | N/A | ||||||||||
Primary Loans - Upcountry | 0% | 27.5% | 28.4% | N/A | ||||||||||
Primary Loans | 0% | 0% | 0% | N/A | ||||||||||
Second cycle loan - Metro | 0% | 0% | 0% | N/A | ||||||||||
Second Cycle Loan - Upcountry | 0% | 27.5% | 28.4% | N/A | ||||||||||
Second Cycle Loan | 0% | 0% | 0% | N/A | ||||||||||
Shiksha Loan | 0% | 20.9% - 22% | 20.9% - 22% | N/A | ||||||||||
Third Cycle Loan | 0% | 0% | 0% | N/A | ||||||||||
Vidya loan - Metro | 0% | 24.5% | 25.3% | N/A | ||||||||||
Vidya loan - Upcountry | 0% | 25.7% | 26.5% | N/A | ||||||||||
Vidya Loan | 0% | 0% | 0% | N/A |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Additional Micro Credit - Upcountry | 25.5% annual, Decl Bal | 1 Fee | 0 Ins | None | N/A | 25.7% | 26.5% | 96 | ||||||||
Additional Micro credit -Metro | 24.5% annual, Decl Bal | 1 Fee | 0 Ins | None | N/A | 0% | 0% | N/A | ||||||||
Additional Micro-Credit | 25.3%-26.3% annual, Decl Bal | 0 Fees | 0 Ins | None | N/A | 0% | 0% | N/A | ||||||||
Gurukul Loan | 21.0% annual, Decl Bal | 0 Fees | 0 Ins | None | N/A | 20.1% - 21.2% | 20.1% - 21.2% | N/A | ||||||||
Primary Loans - Metro | 26.5%-28.3% annual, Decl Bal | 1 Fee | 0 Ins | None | N/A | 0% | 0% | N/A | ||||||||
Primary loans - Rural | 28.5%-30.2% annual, Decl Bal | 1 Fee | 0 Ins | None | N/A | 28.5% | 29.4% | 97 | ||||||||
Primary Loans - Upcountry | 27.5%-29.2% annual, Decl Bal | 2 Fees | 0 Ins | None | N/A | 27.5% | 28.4% | 97 | ||||||||
Primary Loans | 26.0% annual, Decl Bal | 1 Fee | 0 Ins | None | N/A | 0% | 0% | N/A | ||||||||
Second cycle loan - Metro | 26.5% annual, Decl Bal | 1 Fee | 0 Ins | None | N/A | 0% | 0% | N/A | ||||||||
Second Cycle Loan - Upcountry | 27.5% annual, Decl Bal | 1 Fee | 0 Ins | None | N/A | 27.5% | 28.4% | 97 | ||||||||
Second Cycle Loan | 26.0% annual, Decl Bal | 2 Fees | 0 Ins | None | N/A | 0% | 0% | N/A | ||||||||
Shiksha Loan | 21.0% annual, Decl Bal | 0 Fees | 0 Ins | None | N/A | 20.9% - 22% | 20.9% - 22% | N/A | ||||||||
Third Cycle Loan | 25.4% annual, Decl Bal | 1 Fee | 1 Ins | None | N/A | 0% | 0% | N/A | ||||||||
Vidya loan - Metro | 24.5% annual, Decl Bal | 2 Fees | 0 Ins | None | N/A | 24.5% | 25.3% | N/A | ||||||||
Vidya loan - Upcountry | 25.5% annual, Decl Bal | 1 Fee | 0 Ins | None | N/A | 25.7% | 26.5% | 96 | ||||||||
Vidya Loan | 24.5%-26.5% annual, Decl Bal | 2 Fees | 0 Ins | None | N/A | 0% | 0% | N/A |
Outstanding portfolio (TZS) | TZS 118,500,000,000 |
Portfolio (USD) | USD 74,528,301.89 |
Active Clients with Loans | 45,197 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 60% - 80% |
Individual | x |
Solidarity group | |
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 | |
Credit insurance | x |
Workplace visits | x |
Business training | x |
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 | Loan must be secured |
Other (2) | Applicant must be of 18 age and above |
# Regions for this institution | 22 |
# Regions for this product | 26 |
Regions Active | Arusha, Dar es Salaam, Dodoma, Iringa, Kagera, Kigoma, Kilimanjaro, Lindi, Manyara, MaraMbeya, Morogoro, Mtwara, Mwanza, Pemba North, Pemba South, Pwani, Rukwa, Ruvuma, ShinyangaSingida, Tabora, Tanga, Zanzibar Central/South, Zanzibar North, Zanzibar Urban/West |
Currency | TZS |
Minimum loan size | TZS 100,000 |
Maximum loan size | 10,000,000 |
Loans less than TZS 350,000 | 0 |
TZS 350,000-1,250,000 | 10% |
TZS 1,250,000-2,000,000 | 10% |
TZS 2,000,000-3,000,000 | 15% |
TZS 3,000,000-4,000,000 | 15% |
Greater than TZS 4,000,000 | 15% |
Shortest loan term | 6.0 months |
Longest loan term | 24.0 months |
Approx average | 12.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 10% |
Between 7 and 9 months | 20% |
Between 10 and 12 months | 30% |
Between 13 and 18 months | 30% |
Longer than 18 months | 10% |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 24.00% |
Highest quoted nominal interest | 24.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | Yes |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Loan Processing Fee |
% of loan amount - min | 1.50% |
% of loan amount - max | 1.50% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Credit Life |
% of loan amount - min | 0.75% |
% of loan amount - max | 0.75% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Required for | Never |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | N/A |
Do borrowers control deposit in their group? | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
Conditions on access to deposit | N/A |
Minimum interest rate paid | N/A |
Maximum interest rate paid | N/A |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | TZS 300,000 | TZS 500,000 | TZS 1,000,000 | TZS 2,500,000 | TZS 5,000,000 | ||||
Loan Cycle (1, 2, 3, etc) | 1 | 1 | Not Known | Not Known | Not Known | ||||
Disbursement Date | 2013-01-07 | 2013-02-04 | 2013-03-22 | 2013-04-08 | 2013-04-08 | ||||
Loan Term (Months) | 6.0 months | 6.0 months | 6.0 months | 12.0 months | 12.0 months | ||||
Grace Period (Months) | 0.0 months | -0.1 months | 0.0 months | 0.0 months | 0.0 months | ||||
Total Cost of Credit | TZS 28,096.47 | TZS 39,327.44 | TZS 78,654.87 | TZS 355,537.90 | TZS 711,075.83 | ||||
True Price by Comp | |||||||||
Interest price component | 24.0% | 24.2% | 23.6% | 23.7% | 23.6% | ||||
Fee Component | 5.4% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Insurance Component | 2.7% | 2.7% | 2.6% | 1.5% | 1.4% | ||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Full APR (int fee ins tax dep) | 32.1% | 26.9% | 26.2% | 25.2% | 25.0% | ||||
Transparency Index | 75 | 89 | 92 | 95 | 96 | ||||
Original Repayment Schedule | |||||||||
MFT Pricing Calculation |
Key Statistics | |
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# Borrowers | |
Loan Portfolio (USD) | |
% Products using declining balance | |
% Products with one or more fee | |
% Products with one or more insurances | |
% Products with compulsory deposits |
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