Please note that the information you are viewing is 107 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
Please note that the information you are viewing is 107 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: 107 months

Institution

Fanikiwa Microfinance Company Limited P.O. Box 8695Dar es salaam, Dar es salaam255
Data approved: 2011-12-18
Data version: 1
Age of data: -   months 

Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?No
Website addressN/A
Year established2010
Head of InstitutionThaddeo W. Mashera
Regions activeArusha, Dar es Salaam, Mwanza
# Branches5

Total Portfolio (nat'l)TZS 800,400,221
Total Portfolio (USD)USD 503,396.37
Active clients with loans1,538
Approximate % female clients60% - 80%
Approximate % urban clients20% - 40%
Network affiliationsTAMFI
FundersGatsby Charity Fund, Tanzania Gatsby Trust

Institution Details

Institution TypePrivate 'For-Profit'
Is this institution regulated?No
Website addressN/A
Year established2010
Head of InstitutionThaddeo W. Mashera
Regions active0
# Branches5

Total Portfolio (nat'l)TZS 1,622,843,381
Total Portfolio (USD)USD 1,081,895.59
Active clients with loans6,381
Approximate % female clients60% - 80%
Approximate % urban clients20% - 40%
Network affiliationsTAMFI
FundersGatsby Charity Fund, Tanzania Gatsby Trust

Loan Products » Summary

1,342 Borrowers
USD 203,557.23 Portfolio
Active Product
121 Borrowers
USD 134,973.11 Portfolio
Active Product
25 Borrowers
USD 8,426.32 Portfolio
Low Volume Product
18 Borrowers
USD 2,277.72 Portfolio
Low Volume Product
SME
2 Borrowers
USD 22,012.55 Portfolio
Low Volume Product
30 Borrowers
USD 21,619.50 Portfolio
Low Volume Product
Note: MFTransparency presents full data for active products with over 50 borrowers. Basic data is shown for lower volume products

Loan Products » Summary

5,169 Borrowers
USD 527,845 Portfolio
Active Product
716 Borrowers
USD 149,637 Portfolio
Active Product
68 Borrowers
USD 16,452 Portfolio
Active Product
34 Borrowers
USD 51,386 Portfolio
Active Product
14 Borrowers
USD 197,378 Portfolio
Active Product
345 Borrowers
USD 125,864 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Jamii Loan TZS 50,000 - 2,000,000 3 - 12 60% - 80% 20% - 40% Business Women, Men, Have business Business Training
Personal Loan TZS 1,000,000 - 10,000,000 6 - 24 40% - 60% 40% - 60% Business Women, Men, Have business Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Jamii Loan TZS 50,000 - 2,000,000 3 - 12 60% - 80% 20% - 40%
Jijenge Loan TZS 300,000 - 5,000,000 6 - 24 60% - 80% 40% - 60%
Mkulima Loan TZS 300,000 - 3,000,000 3 - 12 60% - 80% 0% - 20%
Personal Loan 0 0 40% - 60% 40% - 60%
SME Loan 0 0 40% - 60% 80% - 100%
Ushirika TZS 500,000 - 5,000,000 6 - 24 40% - 60% 20% - 40%

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Jamii Loan 30.00% annual, Flat 2 Fees 1 Ins None 10.00% upfront 53.3% - 59.1% 68.7% - 75.8% 41
Personal Loan 24.00% annual, Flat 2 Fees 1 Ins None 15.00% upfront 42.8% - 47.5% 57.5% - 66.4% 38

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Jamii Loan 30.00%-0.00% annual, Flat 1 Fee 0 Ins 55.9% - 56.8% 92.6% - 98.4% 31
Jijenge Loan 30.00%-0.00% annual, Flat 1 Fee 1 Ins 45.7% - 47.4% 79% - 82.8% 36
Mkulima Loan 30.00%-0.00% annual, Flat 1 Fee 0 Ins 57.1% 89.7% - 89.9% 33
Personal Loan 0.00% annual, 0 0 Fees 0 Ins 46% - 46.2% 71.4% - 71.8%
SME Loan 0.00% annual, 0 0 Fees 0 Ins #N/A #N/A
Ushirika 24.00%-0.00% annual, Flat 1 Fee 1 Ins 45.6% - 45.7% 57.1% - 57.2% 42

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Jamii Loan 30.00% annual, Flat 2 Fees 1 Ins Ins None 10.00% upfront 53.3% - 59.1% 68.7% - 75.8% 41
Personal Loan 24.00% annual, Flat 2 Fees 1 Ins Ins None 15.00% upfront 42.8% - 47.5% 57.5% - 66.4% 38

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Jamii Loan 30.00%-0.00% annual, Flat 1 Fee 0 Ins Ins 55.9% - 56.8% 92.6% - 98.4% 31
Jijenge Loan 30.00%-0.00% annual, Flat 1 Fee 1 Ins Ins 45.7% - 47.4% 79% - 82.8% 36
Mkulima Loan 30.00%-0.00% annual, Flat 1 Fee 0 Ins Ins 57.1% 89.7% - 89.9% 33
Personal Loan 0.00% annual, 0 0 Fees 0 Ins Ins 46% - 46.2% 71.4% - 71.8%
SME Loan 0.00% annual, 0 0 Fees 0 Ins Ins #N/A #N/A
Ushirika 24.00%-0.00% annual, Flat 1 Fee 1 Ins Ins 45.6% - 45.7% 57.1% - 57.2% 42
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