2. FINCA Tanzania
Please note that the information you are viewing is 112 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. CRECER
Please note that the information you are viewing is 124 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

FINCA Tanzania M.F.C. Limited Plot # 84 Morogoro Rd,Dar es SalaamP.O Box 78783
Data approved: 2014-11-04
Data version: 3
Age of data: 112 months
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Institution

Crédito con Educación Rural Calle Demetrio Canelas Nro. 27 entre calles 16 y 17 de Obrajes, MurilloLa Paz, Bolivia13748
Data approved: 2013-08-15
Data version: 3
Age of data: 124 months
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Product

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Product

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Product Summary

Number borrowers9,944
Loan Amount (range)TZS 500,000 - 30,000,000
Loan Term (range)3 - 18
Other Services (text summary)Credit Educ, Tech Asst Visits
Annual Interest & Method36.0%-60.0% annual, Decl Bal
Fees0.50% upfront
InsuranceNone
TaxNone
Comp DepN/A
Range of pricing 
Interest Price Component58.6% - 82.2%
Fee Component0 - 3.6%
Insurance Component0
Tax Component Range0
Full APR (int fee ins tax dep)59.3% - 60.4%
Transparency Index (min/max)60 - 100
Transparency Index (average)60

Product Summary

809
BOB 700 - 70,000
3.4 - 61.2
Credit Educ, Credit Ins
19.0%-30.0% annual, Decl Bal
None
None
None
N/A
 
16.3% - 36.0%
0
0
0
20.4% - 27.5%
51 - 101
75

Product Details

Key Statistics
Outstanding portfolio (TZS)TZS 27,927,799,527
Portfolio (USD)USD 17,564,653.79
Active Clients with Loans9,944
Approximate % Female Clients20% - 40%
Approximate % Urban Clients80% - 100%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
This loan product is offered to registered businesses who can borrow loans between TZS 500,000 to 30,000,000.
Loan Purpose
Any purposex
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetings
Credit insurance
Workplace visitsx
Business training
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 institution14
# Regions for this product16
Regions ActiveArusha, Dar es Salaam, Dodoma, Iringa, Kagera, Kilimanjaro, Manyara, MaraMbeya, Morogoro, Mwanza, Pwani, Ruvuma, Shinyanga, Tabora, Tanga

Product Details

Key Statistics
Outstanding portfolio (BOB)BOB 6,322,873
Portfolio (USD)USD 936,721.93
Active Clients with Loans809
Approximate % Female Clients0% - 20%
Approximate % Urban Clients40% - 60%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Para personas naturales destinado a financiar la adquisición de bienes de consumo o el pago de servicios, su fuente principal de pago es el salario de una personal o ingresos provenientes de una actividad económica
Loan Purpose
Any purpose
Income generation
Mortgage/housing
Consumer loanx
Agriculture
Education
Other household financex
Other
Other (2)
Included Services
Credit educationx
Group meetings
Credit insurancex
Workplace visits
Business training
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 workerx
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution9
# Regions for this product9
Regions ActiveBeni , Chuquisaca , Cochabamba , La Paz , Oruro , Pando , Potosí, Santa Cruz, Tarija

Loan Conditions

Loan Amount
CurrencyTZS
Minimum loan sizeTZS 500,000
Maximum loan size30,000,000
Distribution at Disbursement (Est.)
Loans less than TZS 350,0000
TZS 350,000-1,250,00030%
TZS 1,250,000-2,000,00010%
TZS 2,000,000-3,000,00020%
TZS 3,000,000-4,000,00015%
Greater than TZS 4,000,00015%
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term18.0 months
Approx average9.9 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months20%
Between 7 and 9 months20%
Between 10 and 12 months30%
Between 13 and 18 months30%
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
CurrencyBOB
Minimum loan sizeBOB 700
Maximum loan size70,000
Distribution at Disbursement (Est.)
Loans less than BOB 10,00070%
BOB 10,000-40,00030%
BOB 40,000-70,0000
BOB 70,000-100,0000
BOB 100,000-125,0000
Greater than BOB 125,0000
Loan Term and Grace Period
Shortest loan term3.4 months
Longest loan term61.2 months
Approx average24.6 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months5%
Between 10 and 12 months5%
Between 13 and 18 months20%
Longer than 18 months70%
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 payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest3.00%
Highest quoted nominal interest5.00%
Reason(s) why interest rate variesLoan Size
Interest rate periodMonthly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionApplication Fee
% of loan amount - min0.50%
% of loan amount - max0.50%
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

Pricing Information

Interest
Lowest quoted nominal interest19.00%
Highest quoted nominal interest30.00%
Reason(s) why interest rate variesTime as Client, Loan Size, Client Risk, Collateral, Loan Purpose
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
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

Business 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
TZS 425,000 Generated 2015-02-01 6.0 months N/A TZS 79,520.75 60.4% 58.6% 1.8% 0.0% 0.0% 0.0% 60 - PDF
TZS 750,000 Generated 2015-02-01 9.0 months N/A TZS 203,764.51 59.9% 58.6% 1.3% 0.0% 0.0% 0.0% 60 - PDF
TZS 1,000,000 Generated 2015-02-01 12.1 months N/A TZS 359,724.80 59.6% 58.6% 1.0% 0.0% 0.0% 0.0% 60 - PDF
TZS 1,750,000 Generated 2015-02-01 18.0 months N/A TZS 954,488.33 59.3% 58.6% 0.7% 0.0% 0.0% 0.0% 61 - PDF
TZS 2,125,000 Generated 2015-02-01 6.0 months N/A TZS 397,603.75 60.4% 58.6% 1.8% 0.0% 0.0% 0.0% 60 - PDF
TZS 2,500,000 Generated 2015-02-01 12.1 months N/A TZS 899,312 59.6% 58.6% 1.0% 0.0% 0.0% 0.0% 60 - PDF
TZS 3,500,000 Generated 2015-02-01 18.0 months N/A TZS 1,908,976.66 59.3% 58.6% 0.7% 0.0% 0.0% 0.0% 61 - PDF
TZS 4,500,000 Generated 2015-02-01 18.0 months N/A TZS 2,454,398.56 59.3% 58.6% 0.7% 0.0% 0.0% 0.0% 61 - PDF

Full Pricing Data

Crédito para Consumo - BOB samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountBOB 9,000BOB 8,000BOB 8,000BOB 25,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2013-12-052013-12-052013-12-052013-12-05
Loan Term (Months)8.0 months15.0 months22.0 months15.0 months
Grace Period (Months)0.1 months0.1 months0.1 months0.1 months
Total Cost of CreditBOB 696.27BOB 1,484.40BOB 2,129.99BOB 4,638.75
True Price by Comp       
Interest price component20.4%27.5%27.5%27.5%
Fee Component0.0%0.0%0.0%0.0%
Insurance Component0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)20.4%27.5%27.5%27.5%
Transparency Index93696969
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
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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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