2. FMFC
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  2. FFO
Please note that the information you are viewing is 108 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Fanikiwa Microfinance Company Limited Head OfficeDar Es SalaamPO Box 8695
Data approved: 2013-03-13
Data version: 2
Age of data: 129 months
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Institution

Farmers Friend Organization 29-A Civil Lines, Opposite Mezan Bank, Sargodha RoadSheikhupura, Punjab39350
Data approved: 2015-05-12
Data version: 2
Age of data: 108 months
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Product

Jamii Loan Product 1 of 6 « Prev | Next »

Product

Principle Loan Product 1 of 3 « Prev | Next »

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

12,289
PKR 15,000 - 75,000
12 - 18
Group Mtgs, Credit Ins
16.0%-20.0% annual, Flat
5.00% upfront
None
None
N/A
 
34.4% - 34.6%
10.0%
0
0
44.4% - 44.6%
36 - 41
36

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 (PKR)PKR 190,257,564
Portfolio (USD)USD 1,868,329.28
Active Clients with Loans12,289
Approximate % Female Clients80% - 100%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Principal Loan Product is available for clients in groups of 3-5 members; for both males and females.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetingsx
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other servicesx
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age groupx
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution1
# Regions for this product1
Regions ActivePunjab

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
CurrencyPKR
Minimum loan sizePKR 15,000
Maximum loan size75,000
Distribution at Disbursement (Est.)
Loans less than PKR 10,0000
PKR 10,000-25,00060%
PKR 25,000-50,00030%
PKR 50,000-75,00010%
PKR 75,000-150,0000
Greater than PKR 150,0000
Loan Term and Grace Period
Shortest loan term12.0 months
Longest loan term18.0 months
Approx average12.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months100%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace periodDK
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 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 interest16.00%
Highest quoted nominal interest20.00%
Reason(s) why interest rate variesTime as Client, Loan Size
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionLoan Processing Fee
% of loan amount - min5.00%
% of loan amount - max5.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
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

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

Principle 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
PKR 30,000 Real 2015-03-10 12.0 months N/A PKR 7,500 44.4% 34.4% 10.0% 0.0% 0.0% 0.0% 36 PDF PDF
PKR 30,000 Generated 2015-06-01 12.0 months N/A PKR 7,516.44 44.6% 34.6% 10.0% 0.0% 0.0% 0.0% 36 - PDF
PKR 20,000 Real 2015-04-05 12.0 months N/A PKR 5,000 44.5% 34.5% 10.0% 0.0% 0.0% 0.0% 36 PDF PDF
PKR 20,000 Generated 2015-06-01 12.0 months N/A PKR 5,010.96 44.6% 34.6% 10.0% 0.0% 0.0% 0.0% 36 - PDF
PKR 15,000 Generated 2015-06-01 12.0 months N/A PKR 3,758.22 44.6% 34.6% 10.0% 0.0% 0.0% 0.0% 36 - PDF
PKR 18,000 Generated 2015-06-01 12.0 months N/A PKR 4,509.86 44.6% 34.6% 10.0% 0.0% 0.0% 0.0% 36 - PDF
PKR 23,000 Generated 2015-06-01 12.0 months N/A PKR 5,762.60 44.6% 34.6% 10.0% 0.0% 0.0% 0.0% 36 - PDF
PKR 30,000 Generated 2015-06-01 12.0 months N/A PKR 7,516.44 44.6% 34.6% 10.0% 0.0% 0.0% 0.0% 36 - PDF
PKR 40,000 Generated 2015-06-01 12.0 months N/A PKR 10,021.92 44.6% 34.6% 10.0% 0.0% 0.0% 0.0% 36 - PDF
PKR 60,000 Generated 2015-06-01 12.0 months N/A PKR 15,032.88 44.6% 34.6% 10.0% 0.0% 0.0% 0.0% 36 - PDF
Jamii Loan Price Graphs


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Principle Loan 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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