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. CIDRE
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 Plot # 84 Morogoro Rd,Po. Box 78783Dar Es Salaam, DAR ES SALAAM255
Data approved: 2011-12-18
Data version: 1
Age of data: -   months 
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Institution

CIDRE Calle Juan de la Cruz Torrez N° 1674, CercadoCochabamba, Bolivia28034
Data approved: 2013-08-02
Data version: 2
Age of data: 124 months
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Product

Village Banking Loan Product 3 of 3 « Prev | Next »

Product

Microcredito Productivo (USD) Product 8 of 8 « Prev | Next »

Product Summary

Number borrowers57,981
Loan Amount (range)TZS 30,000 - 3,000,000
Loan Term (range)5 - 8
Other Services (text summary)Credit Ins
Annual Interest & Method48.0% annual, Flat
FeesNone
InsuranceNone
TaxNone
Comp Dep10.0% upfront 2,000.00 ongoing
Range of pricing 
Interest Price ComponentN/A
Fee Component0 (Int+Fee)
Insurance Component0
Tax Component Range0
Full APR (int fee ins tax dep)0
Transparency Index (min/max)41 - 59
Transparency Index (average)0

Product Summary

1,183
USD 500 - 150,000
6 - 60
Credit Ins
18.0%-27.0% annual, Decl Bal
None
0.30%-3.00% ongoing
None
N/A
 
16.1% - 26.7%
0 - 1.0%
0 - 1.1%
0 - 0.2%
19.4% - 22.4%
59 - 97
86

Product Details

Key Statistics
Outstanding portfolio (TZS)TZS 11,034,739,411
Portfolio (USD)USD 7,356,492.94
Active Clients with Loans57,981
Approximate % Female Clients60% - 80%
Approximate % Urban Clients20% - 40%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
This type of loans is offered to member who form a group of between 15 to 30. The loan size ranges between 30,000 to 3000000 and no collateral required
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 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 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

Product Details

Key Statistics
Outstanding portfolio (USD)USD 46,171,401
Portfolio (USD)USD 46,171,401
Active Clients with Loans1,183
Approximate % Female Clients60% - 80%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Crédito destinado a satisfacer las necesidades de capital de trabajo o capital de inversiones de agricultores, microempresarios o trabajadores por cuenta propia, desde US$ 200 hasta US$ 10.000.
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 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 worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution7
# Regions for this product7
Regions ActiveChuquisaca , Cochabamba , La Paz , Oruro , Potosí, Santa Cruz, Tarija

Loan Conditions

Loan Amount
CurrencyTZS
Minimum loan sizeTZS 30,000
Maximum loan size3,000,000
Loan Term and Grace Period
Shortest loan term5.0 months
Longest loan term8.0 months
Approx average5.0 months
Distribution at Disbursement (Est.)
Loans 3 months or lessN/A
Between 4 and 6 monthsN/A
Between 7 and 9 monthsN/A
Between 10 and 12 monthsN/A
Between 13 and 18 monthsN/A
Longer than 18 monthsN/A
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeksx
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 500
Maximum loan size150,000
Distribution at Disbursement (Est.)
Loans less than USD 1,50030%
USD 1,500-5,00020%
USD 5,000-10,00020%
USD 10,000-15,00010%
USD 15,000-18,00010%
Greater than USD 18,00010%
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term60.0 months
Approx average48.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months5%
Between 7 and 9 months10%
Between 10 and 12 months15%
Between 13 and 18 months20%
Longer than 18 months50%
Grace Period
Grace period usage10%
Average grace period4.0 months
Repayment Frequency
Daily
Weekly
Every 2 weeksx
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 interest4.00%
Highest quoted nominal interest4.00%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?N/A
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 forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?
Do borrowers control deposit in their group?Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited10.00% - N/A
or, Fixed-amount deposited0 - N/A
Deposits DURING period payments
% loan amount deposited0 - N/A
or, Fixed-amount depositedTZS 2,000 - N/A
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
Institution meet the insurance charges for all customers, spouse and up to 4 children aged below 18\r

Pricing Information

Interest
Lowest quoted nominal interest18.00%
Highest quoted nominal interest27.00%
Reason(s) why interest rate variesBranch, Time 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 termNo
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
Ins 1
DescriptionSeguro de Desgravamen
% of loan amount - min0.30%
% of loan amount - max3.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationEl costo es de 0.05% mensual, con cargo sólo en el saldo de capital pendiente del préstamo.
Appears on Repayment Sched?Yes
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

Village Banking Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountTZS 200,000TZS 300,000TZS 500,000TZS 1,400,000TZS 1,500,000TZS 3,000,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2011-07-042011-06-062011-07-042011-06-062011-07-042011-06-06
Loan Term (Months)4.7 months5.6 months4.7 months5.6 months4.7 months5.6 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 Component90.2%90.6%90.2%90.6%90.2%90.6%
Insurance Component0.0%0.0%0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%0.0%0.0%
Deposit Component27.0%24.9%21.3%19.1%18.8%18.3%
Full APR (int fee ins tax dep)117.2%115.5%111.5%109.7%109.1%108.9%
Transparency Index414243444444
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF

Full Pricing Data

Microcredito Productivo (USD) samples
Sample 1Sample 2Sample 3
Loan AmountUSD 2,500USD 3,000USD 19,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2013-12-182013-10-102013-03-15
Loan Term (Months)18.0 months37.0 months37.0 months
Grace Period (Months)0.0 months0.0 months3.1 months
Total Cost of CreditUSD 418.32USD 1,043.74USD 6,609.16
True Price by Comp     
Interest price component20.6%21.7%18.9%
Fee Component0.0%0.0%0.0%
Insurance Component0.6%0.5%0.5%
Tax Component0.0%0.2%0.0%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)21.2%22.4%19.4%
Transparency Index858093
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
Village Banking Loan Price Graphs


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Microcredito Productivo (USD) 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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