| Number borrowers | 43,209 |
| Loan Amount (range) | INR 6,000 - 18,000 |
| Loan Term (range) | 12 - 14 |
| Other Services (text summary) | Credit Educ, Group Mtgs, Tech Asst Visits |
| Annual Interest & Method | 25.9% annual, Decl Bal |
| Fees | |
| Insurance | None |
| Tax | None |
| Comp Dep | N/A |
| Range of pricing | |
| Interest Price Component | |
| Fee Component | |
| Insurance Component | |
| Tax Component Range | |
| Full APR (int fee ins tax dep) | 0 |
| Transparency Index (min/max) | |
| Transparency Index (average) | N/A |
| 1,342 |
| TZS 50,000 - 2,000,000 |
| 3 - 12 |
| Business Training |
| 30.00% annual, Flat |
| 2 fees |
| 1.00% upfront |
| None |
| 10.00% upfront |
| 40.4% - 49.9% |
| 2.4% - 9.2% |
| 1.4% - 3.8% |
| 0 |
| 68.7% - 75.8% |
| 36 - 44 |
| 41 |
| Outstanding portfolio (INR) | INR 401,868,015 |
| Portfolio (USD) | USD 8,930,400 |
| Active Clients with Loans | 43,209 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | x |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | Income Genration |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| Credit insurance | |
| Workplace visits | x |
| 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 | x |
| Household income <60,000 INR | |
| Household income <120,000 INR | |
| Must live in rural area | |
| Must lives in urban area | |
| Other | 21-55 |
| Other (2) |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Outstanding portfolio (TZS) | TZS 323,656,000 |
| Portfolio (USD) | USD 203,557.23 |
| Active Clients with Loans | 1,342 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 20% - 40% |
| 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 | |
| Group meetings | |
| Credit insurance | |
| Workplace visits | |
| 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 | |
| Other (2) |
| # Regions for this institution | 3 |
| # Regions for this product | 5 |
| Regions Active | Arusha, Dar es Salaam, Mwanza, Tanga, Zanzibar Central/South |
| Currency | INR |
| Minimum loan size | INR 6,000 |
| Maximum loan size | 18,000 |
| Shortest loan term | 12.0 months |
| Longest loan term | 14.0 months |
| Approx average | 14.0 months |
| Loans 3 months or less | N/A |
| Between 4 and 6 months | N/A |
| Between 7 and 9 months | N/A |
| Between 10 and 12 months | N/A |
| Between 13 and 18 months | N/A |
| Longer than 18 months | N/A |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | x |
| Every 2 weeks | x |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Currency | TZS |
| Minimum loan size | TZS 50,000 |
| Maximum loan size | 2,000,000 |
| Loans less than TZS 350,000 | 30% |
| TZS 350,000-1,250,000 | 50% |
| TZS 1,250,000-2,000,000 | 20% |
| TZS 2,000,000-3,000,000 | 0 |
| TZS 3,000,000-4,000,000 | 0 |
| Greater than TZS 4,000,000 | 0 |
| Shortest loan term | 3.0 months |
| Longest loan term | 12.0 months |
| Approx average | 6.0 months |
| Loans 3 months or less | 5% |
| Between 4 and 6 months | 60% |
| Between 7 and 9 months | 20% |
| Between 10 and 12 months | 15% |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| 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 | 25.90% |
| Highest quoted nominal interest | 25.90% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | N/A |
| Is rate fixed for entire loan term | Yes |
| Ins 1 | Ins 2 | ||
|---|---|---|---|
| Description | Processing fees and Insurance fees | 1% of loan disbursed where both the borrower as well as guarantors are covered. The fees is entirely paid to insurance company as insurance premium and the company doesnot retain any administrative fees | |
| % of loan amount - min | 1.00% | 1.00% | |
| % of loan amount - max | 1.00% | 1.00% | |
| OR, Fixed amount - min | 0 | 0 | |
| Fixed amount - max | 0 | 0 | |
| Reason for variation | |||
| Appears on Repayment Sched? | Yes | 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 |
| Lowest quoted nominal interest | 2.50% |
| Highest quoted nominal interest | 2.50% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | Fee 2 | ||
|---|---|---|---|
| Description | Registration Fee | Application Fee | |
| % of loan amount - min | 1.00% | 0 | |
| % of loan amount - max | 1.00% | 0 | |
| OR, Fixed amount - min | 0 | 3,000 | |
| Fixed amount - max | 0 | 3,000 | |
| Reason for variation | N/A | N/A | |
| Appears on Repayment Sched? | No | No |
| Ins 1 | |
|---|---|
| Description | Loan Insurance Fund |
| % 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 |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | No |
| Do borrowers control deposit in their group? | Yes |
| % loan amount deposited | 10.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 2.00% |
| 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 200,000 | TZS 300,000 | TZS 500,000 | TZS 1,500,000 | TZS 2,000,000 | ||||
| Loan Cycle (1, 2, 3, etc) | 3 | 1 | 2 | 3 | 4 | ||||
| Disbursement Date | 2013-01-11 | 2013-01-11 | 2013-02-08 | 2013-01-28 | 2013-01-28 | ||||
| Loan Term (Months) | 6.0 months | 6.0 months | 6.0 months | 6.0 months | 6.0 months | ||||
| Grace Period (Months) | 0.0 months | 0.0 months | -0.1 months | 0.0 months | 0.0 months | ||||
| Total Cost of Credit | TZS 37,000 | TZS 54,000 | TZS 88,000 | TZS 258,000 | TZS 343,000 | ||||
| True Price by Comp | |||||||||
| Interest price component | 49.9% | 49.9% | 49.6% | 49.1% | 49.1% | ||||
| Fee Component | 9.2% | 7.3% | 5.8% | 4.4% | 4.2% | ||||
| Insurance Component | 3.8% | 3.8% | 3.7% | 3.6% | 3.7% | ||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Deposit Component | 12.9% | 12.5% | 12.3% | 11.8% | 11.7% | ||||
| Full APR (int fee ins tax dep) | 75.8% | 73.5% | 71.4% | 68.9% | 68.7% | ||||
| Transparency Index | 40 | 41 | 42 | 44 | 44 | ||||
| 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 |
|---|---|---|---|---|---|---|---|
| X Axis | ||||||
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| Greater than: | ||||||
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| From 0 to | ||||||
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