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Institution
Data approved: 2014-04-01
Data version: 1
Age of data: 130 months
Key Statistics
Outstanding portfolio (TZS) | TZS 586,342,567 |
Portfolio (USD) | USD 368,768.91 |
Active Clients with Loans | 2,393 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 0 |
Methodology
Individual | |
Solidarity group | |
Village banking | x |
Self help group | |
Other | |
Description
Mkombozi loan is an agricultural loan provided to a group of 10 to 15 members based in rural areas. The loan size could range from TZS 50,000 to 200, 000.
Loan Purpose
Any purpose | |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | x |
Education | |
Other household finance | |
Other | |
Other (2) | |
Included Services
Credit education | |
Group meetings | |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services | |
Eligibility
Men | x |
Women | x |
Must run a business | |
Must own a home or land | x |
Must be a salaried worker | |
Must be specific age group | |
Other | |
Other (2) | |
Portfolio Size by Product
Geographic Coverage
# Regions for this institution | 4 |
# Regions for this product | 7 |
Regions Active | Dodoma, Kagera, Kilimanjaro, Morogoro, ShinyangaSingida, Tanga |
Loan Conditions
Loan Amount
Currency | TZS |
Minimum loan size | TZS 50,000 |
Maximum loan size | 1,000,000 |
Distribution at Disbursement (Est.)
Loans less than TZS 350,000 | 90% |
TZS 350,000-1,250,000 | 10% |
TZS 1,250,000-2,000,000 | 0 |
TZS 2,000,000-3,000,000 | 0 |
TZS 3,000,000-4,000,000 | 0 |
Greater than TZS 4,000,000 | 0 |
Loan Term and Grace Period
Shortest loan term | 6.0 months |
Longest loan term | 8.0 months |
Approx average | 7.0 months |
Distribution at Disbursement (Est.)
Loans 3 months or less | 0 |
Between 4 and 6 months | 70% |
Between 7 and 9 months | 30% |
Between 10 and 12 months | 0 |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace Period
Grace period usage | 0 |
Average grace period | 0 |
Repayment Frequency
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | x |
Irregular payments | |
Pricing Information
Interest
Lowest quoted nominal interest | 5.00% |
Highest quoted nominal interest | 5.00% |
Reason(s) why interest rate varies | No Variation |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | Yes |
Is rate fixed for entire loan term | Yes |
Upfront Fees
| Fee 1 |
---|
Description | Processing Fee |
% of loan amount - min | 8.00% |
% of loan amount - max | 8.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Ongoing Fees
This product has no ongoing feesUpfront Insurance Fees
| Ins 1 |
---|
Description | Insuarance |
% of loan amount - min | 2.00% |
% of loan amount - max | 2.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | Yes |
Do borrowers control deposit in their group? | No |
Deposit BEFORE or AT Disbursement
% loan amount deposited | 10.00% |
or, Fixed-amount deposited | 0 |
Deposits DURING period payments
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | Final Pmt |
Interest Paid on Deposit
Minimum interest rate paid | 0 |
Maximum interest rate paid | 0 |
Interest payment frequency | N/A |
Taxes
Are taxes charged on this product? | No |
Additional Comments
62% of Vision Fund Tanzania clients are female and 52% lives in urban areas.
Full Pricing Data
Mkombozi samples
| Sample 1 | | Sample 2 | | Sample 3 |
---|
Loan Amount | TZS 250,000 | | TZS 300,000 | | TZS 350,000 |
Loan Cycle (1, 2, 3, etc) | Not Known | | Not Known | | Not Known |
Disbursement Date | 2014-02-12 | | 2014-01-09 | | 2014-04-01 |
Loan Term (Months) | 6.0 months | | 7.0 months | | 8.0 months |
Grace Period (Months) | 0.0 months | | 0.0 months | | 0.0 months |
Total Cost of Credit | TZS 100,000 | | TZS 120,000 | | TZS 175,000 |
True Price by Comp | | | | | |
Interest price component | 52.9% | | 45.2% | | 51.2% |
Fee Component | 16.9% | | 14.4% | | 12.7% |
Insurance Component | 4.4% | | 3.8% | | 3.4% |
Tax Component | 0.0% | | 0.0% | | 0.0% |
Deposit Component | 7.7% | | 6.5% | | 6.6% |
Full APR (int fee ins tax dep) | 81.9% | | 69.9% | | 73.9% |
Transparency Index | 73 | | 86 | | 81 |
| | | | | |
Original Repayment Schedule | PDF | | PDF | | PDF |
MFT Pricing Calculation | PDF | | PDF | | PDF |