| Number borrowers | 69 |
| Loan Amount (range) | TZS 100,000 - 1,500,000 |
| Loan Term (range) | 1 - 3 |
| Other Services (text summary) | Credit Ins |
| Annual Interest & Method | 60.00% annual, Flat |
| Fees | 10,000 upfront |
| Insurance | 1.00% ongoing |
| Tax | None |
| Comp Dep | 20.00% upfront |
| Range of pricing | |
| Interest Price Component | N/A |
| Fee Component | 124.3% - 208.3% (Int+Fee) |
| Insurance Component | 8.7% - 10.1% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 201.0% - 336.3% |
| Transparency Index (min/max) | 18 - 30 |
| Transparency Index (average) | 24 |
| 2,201 |
| MZN 1,000 - 12,180 |
| 3 - 8 |
| Group Mtgs |
| 72.0% annual, Flat |
| 1.72% ongoing |
| None |
| N/A fixed |
| 10.0% upfront |
| 32.8% - 71.4% |
| 1.9% - 5.0% |
| 0 - 3.8% |
| 0 - 1.3% |
| 83.2% - 91.6% |
| 65 - 92 |
| 83 |
| Outstanding portfolio (TZS) | TZS 61,410,000 |
| Portfolio (USD) | USD 38,622.64 |
| Active Clients with Loans | 69 |
| Approximate % Female Clients | 60% - 80% |
| 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 | |
| Other (2) |
| Credit education | |
| Group meetings | |
| 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 | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Outstanding portfolio (MZN) | MZN 1,071,377 |
| Portfolio (USD) | USD 35,242.66 |
| Active Clients with Loans | 2,201 |
| Approximate % Female Clients | 0 |
| Approximate % Urban Clients | 60% - 80% |
| 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 | x |
| Credit insurance | |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services | x |
| 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 | 7 |
| # Regions for this product | 6 |
| Regions Active | Gaza, Sofala, Manica, Zambezia, Nampula, Tete |
| Currency | TZS |
| Minimum loan size | TZS 100,000 |
| Maximum loan size | 1,500,000 |
| Shortest loan term | 1.0 month |
| Longest loan term | 3.0 months |
| Approx average | 3.0 months |
| Loans 3 months or less | 100% |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 0 |
| 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 | MZN |
| Minimum loan size | MZN 1,000 |
| Maximum loan size | 12,180 |
| Loans less than MZN 5,000 | 40% |
| MZN 5,000-10,000 | 20% |
| MZN 10,000-20,000 | 40% |
| MZN 20,000-40,000 | 0 |
| MZN 40,000-60,000 | 0 |
| Greater than MZN 60,000 | 0 |
| Shortest loan term | 3.0 months |
| Longest loan term | 8.0 months |
| Approx average | 8.0 months |
| Loans 3 months or less | 10% |
| Between 4 and 6 months | 50% |
| Between 7 and 9 months | 40% |
| Between 10 and 12 months | 0 |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | |
| Every 2 weeks | x |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 5.00% |
| Highest quoted nominal interest | 5.00% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Processing Fee |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 10,000 |
| Fixed amount - max | 10,000 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
| Ins 1 | |
|---|---|
| Description | Insurance 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? | No |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | |
| Do borrowers control deposit in their group? |
| % loan amount deposited | 20.00% |
| 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 |
| Lowest quoted nominal interest | 6.00% |
| Highest quoted nominal interest | 6.00% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Taxa Administrativa |
| % of loan amount - min | 1.72% |
| % of loan amount - max | 1.72% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
| 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 | 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? | Yes |
| Percentage of fees | 0 |
| All or some fees taxed | N/A |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | TZS 100,000 | TZS 300,000 | TZS 500,000 | TZS 1,000,000 | |||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
| Disbursement Date | 2011-05-16 | 2011-05-25 | 2011-05-28 | 2011-05-19 | |||
| Loan Term (Months) | 2.8 months | 2.8 months | 2.8 months | 2.8 months | |||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||
| Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | |||
| True Price by Comp | |||||||
| Interest and Fee Component | 208.3% | 141.6% | 133.0% | 124.3% | |||
| Insurance Component | 10.1% | 8.8% | 8.9% | 8.7% | |||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Deposit Component | 117.9% | 76.6% | 72.9% | 68.0% | |||
| Full APR (int fee ins tax dep) | 336.3% | 227.0% | 214.8% | 201.0% | |||
| Transparency Index | 18 | 26 | 28 | 30 | |||
| Original Repayment Schedule | |||||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | MZN 6,000 | MZN 7,000 | MZN 9,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2014-05-15 | 2014-05-15 | 2014-05-15 | ||
| Loan Term (Months) | 6.0 months | 6.0 months | 8.0 months | ||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
| Total Cost of Credit | MZN 1,480.10 | MZN 1,618.40 | MZN 2,633.40 | ||
| True Price by Comp | |||||
| Interest price component | 71.4% | 66.5% | 65.6% | ||
| Fee Component | 5.0% | 5.0% | 3.8% | ||
| Insurance Component | 0.0% | 0.0% | 0.0% | ||
| Tax Component | 1.3% | 1.3% | 1.3% | ||
| Deposit Component | 13.9% | 12.8% | 12.5% | ||
| Full APR (int fee ins tax dep) | 91.6% | 85.6% | 83.2% | ||
| Transparency Index | 79 | 84 | 87 | ||
| 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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