2. FMFC
Please note that the information you are viewing is 130 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. FUBODE
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Institution

Fanikiwa Microfinance Company Limited Head OfficeDar Es SalaamPO Box 8695
Data approved: 2013-03-13
Data version: 2
Age of data: 130 months
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Institution

Fundacion Boliviana Para El Desarrollo AntezaEntre Colombia NO 216Cochabamba
Data approved: 2010-10-28
Data version: 1
Age of data: -   months 
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Product

Jamii Loan Product 1 of 6 « Prev | Next »

Product

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Product Summary

Number borrowers1,342
Loan Amount (range)TZS 50,000 - 2,000,000
Loan Term (range)3 - 12
Other Services (text summary)Business Training
Annual Interest & Method30.00% annual, Flat
Fees2 fees
Insurance1.00% upfront
TaxNone
Comp Dep10.00% upfront
Range of pricing 
Interest Price Component40.4% - 49.9%
Fee Component2.4% - 9.2%
Insurance Component1.4% - 3.8%
Tax Component Range0
Full APR (int fee ins tax dep)68.7% - 75.8%
Transparency Index (min/max)36 - 44
Transparency Index (average)41

Product Summary

160
USD 2,000 - 18,000
4 - 48
15.0% annual, Decl Bal
1.00% upfront
None
15.00% Principal
N/A
 
N/A
15.5% - 24.4% (Int+Fee)
0 - 0.5%
0 - 0.4%
15.6% - 24.8%
0 - N/A
76

Product Details

Key Statistics
Outstanding portfolio (TZS)TZS 323,656,000
Portfolio (USD)USD 203,557.23
Active Clients with Loans1,342
Approximate % Female Clients60% - 80%
Approximate % Urban Clients20% - 40%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
A community banking product designed to provide credit services to micro-entrepreneurs who are in groups of 5-25 persons.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurance
Workplace visits
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 institution3
# Regions for this product5
Regions ActiveArusha, Dar es Salaam, Mwanza, Tanga, Zanzibar Central/South

Product Details

Key Statistics
Outstanding portfolio (USD)USD 250,000
Portfolio (USD)USD 250,000
Active Clients with Loans160
Approximate % Female Clients20% - 40%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Modalidad de crédito destinado al financiamiento de actividades microempresariales desarrolladas por una organización productiva legalmente constituida
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurance
Workplace visits
Business training
Other training
Other
Other (2)
No other servicesx
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or landx
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 institutionN/A
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyTZS
Minimum loan sizeTZS 50,000
Maximum loan size2,000,000
Distribution at Disbursement (Est.)
Loans less than TZS 350,00030%
TZS 350,000-1,250,00050%
TZS 1,250,000-2,000,00020%
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 term3.0 months
Longest loan term12.0 months
Approx average6.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less5%
Between 4 and 6 months60%
Between 7 and 9 months20%
Between 10 and 12 months15%
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

Loan Conditions

Loan Amount
CurrencyUSD
Minimum loan sizeUSD 2,000
Maximum loan size18,000
Loan Term and Grace Period
Shortest loan term4.0 months
Longest loan term48.0 months
Approx average0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterlyx
Every 6 months
Every 12 months
Single end paymentx
Irregular paymentsx

Pricing Information

Interest
Lowest quoted nominal interest2.50%
Highest quoted nominal interest2.50%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionRegistration FeeApplication Fee
% of loan amount - min1.00%0
% of loan amount - max1.00%0
OR, Fixed amount - min03,000
Fixed amount - max03,000
Reason for variationN/AN/A
Appears on Repayment Sched?NoNo
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionLoan Insurance Fund
% of loan amount - min1.00%
% of loan amount - max1.00%
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
CriteriaN/A
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited10.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited2.00%
or, Fixed-amount deposited0
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
Additional Comments
On each installment payment customers have to make additional 2% as savings

Pricing Information

Interest
Lowest quoted nominal interest15.00%
Highest quoted nominal interest15.00%
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?N/A
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
Description0.3% al momento del desembolso no incorporado en el plan de pagos
% of loan amount - min0.30%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation
Appears on Repayment Sched?No
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?Yes
Percentage of fees0
All or some fees taxedN/A

Full Pricing Data

Jamii Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountTZS 200,000TZS 300,000TZS 500,000TZS 1,500,000TZS 2,000,000
Loan Cycle (1, 2, 3, etc)31234
Disbursement Date2013-01-112013-01-112013-02-082013-01-282013-01-28
Loan Term (Months)6.0 months6.0 months6.0 months6.0 months6.0 months
Grace Period (Months)0.0 months0.0 months-0.1 months0.0 months0.0 months
Total Cost of CreditTZS 37,000TZS 54,000TZS 88,000TZS 258,000TZS 343,000
True Price by Comp         
Interest price component49.9%49.9%49.6%49.1%49.1%
Fee Component9.2%7.3%5.8%4.4%4.2%
Insurance Component3.8%3.8%3.7%3.6%3.7%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component12.9%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 Index4041424444
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF

Full Pricing Data

Credito Asociativo samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountUSD 1,860USD 2,000USD 3,800USD 8,000USD 11,000USD 18,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2010-10-182010-09-022011-07-212010-06-112009-06-302009-06-26
Loan Term (Months)48.0 months32.0 months32.0 months30.0 months32.0 months32.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot KnownNot KnownNot Known
True Price by Comp           
Interest and Fee Component20.7%15.5%24.4%24.4%16.2%16.2%
Insurance Component0.0%0.0%0.5%0.0%0.0%0.0%
Tax Component0.0%0.1%0.0%0.0%0.1%0.1%
Deposit Component0.0%0.0%0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)20.7%15.6%24.8%24.4%16.3%16.3%
Transparency Index739660629292
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF
Jamii Loan Price Graphs


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Credito Asociativo 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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