2. AKIBA
Please note that the information you are viewing is 128 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. VF^Tanzania
Please note that the information you are viewing is 122 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Akiba Commercial Bank Plc PO Box 669Amani Place Building, Ohio StreetDar es Salaam255
Data approved: 2013-08-28
Data version: 1
Age of data: 128 months

Institution

Vision Fund - Tanzania P.o.box 1546,Arusha TanzaniaArusha255
Data approved: 2014-04-01
Data version: 1
Age of data: 122 months

Institution Details

Institution TypeBank
Is this institution regulated?Yes
Website addresshttp://www.acbtz.com
Year established1997
Head of InstitutionJohn Lwande
Regions activeArusha, Dar es Salaam, Dodoma, Kilimanjaro
# Branches16

Total Portfolio (nat'l)TZS 63,080,526,795
Total Portfolio (USD)USD 39,673,287.29
Active clients with loans27,490
Approximate % female clients40% - 60%
Approximate % urban clients100%
Network affiliationsTanzania Association For Microfinance Institutions-TAMFI
FundersACCION International, SIDI, Stichting Hivos-Triodos Fonds, INCOFIN CVSO, Parastatal Pension Funds (PPF)

Institution Details

Institution TypeNon-Governmental Organization
Is this institution regulated?Yes
Website addresshttp://www.seda.or.tz
Year established1996
Head of InstitutionAdriam Merryman
Regions activeDodoma, Kilimanjaro, Mwanza, Shinyanga
# Branches12

Total Portfolio (nat'l)TZS 12,569,084,427
Total Portfolio (USD)USD 7,905,084.55
Active clients with loans34,390
Approximate % female clients40% - 60%
Approximate % urban clients40% - 60%
Network affiliations
Funders

Loan Products » Summary

Individual
13,606 Borrowers
USD 29,226,615.07 Portfolio
Active Product
Group
10,387 Borrowers
USD 3,091,807.91 Portfolio
Active Product
Consumer
2,755 Borrowers
USD 4,096,010.96 Portfolio
Active Product
Home
247 Borrowers
USD 438,094.50 Portfolio
Active Product

Loan Products » Summary

Biashara
27,425 Borrowers
USD 4,814,263.10 Portfolio
Active Product
Kitita
1,262 Borrowers
USD 1,250,112.52 Portfolio
Active Product
Jiendeleze
2,389 Borrowers
USD 1,180,159.69 Portfolio
Active Product
Mkombozi
2,393 Borrowers
USD 368,768.91 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Biashara Loans ( Individual) TZS 500,000 - 50,000,000 3 - 24 40% - 60% 40% - 60% Business Women, Men, Have business, Specific age group Credit Ins
Solidarity Group Loans TZS 200,000 - 3,000,000 3 - 12 60% - 80% 100% Business Women, Men, Have business, Specific age group Credit Educ, Group Mtgs, Credit Ins
Consumer Loans TZS 100,000 - 35,000,000 6 - 36 20% - 40% 100% Any Purpose Women, Men, Salaried worker, Specific age group Credit Ins
Home Improvement Loans TZS 500,000 - 20,000,000 3 - 12 40% - 60% 100% For house renovation purpose Women, Men, Have business, Have home or land, Specific age group Credit Ins

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Biashara TZS 50,000 - 10,000,000 6 - 12 60% - 80% 40% - 60% Business Women, Men, Have business, Have home or land, Specific age group Other Training
Kitita TZS 1,000,000 - 10,000,000 3 - 12 20% - 40% 100% Business, Other Women, Men, Have business, Have home or land, Specific age group
Jiendeleze TZS 500,000 - 5,000,000 3 - 12 40% - 60% 100% Business Women, Men, Have business, Have home or land Other Training
Mkombozi TZS 50,000 - 1,000,000 6 - 8 40% - 60% 0% Agriculture Women, Men, Have home or land Credit Ins

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Biashara Loans ( Individual) 20.0%-22.0% annual, Flat 2 Fees 1 Ins None N/A 40.1% - 46.7% 42% - 50.4% 45
Solidarity Group Loans 27.0% annual, Flat 1 Fee 1 Ins None 20.0% upfront 47.2% - 47.6% 72% - 74.5% 36
Consumer Loans 18.0% annual, Flat 1 Fee 1 Ins None N/A 30.9% - 44.7% 32.2% - 57.5% 48
Home Improvement Loans 19.5% annual, Flat 2 Fees 1 Ins None N/A 36% - 37.6% 38% - 39.6% 50

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Biashara 36.0% annual, Flat 1 Fee 1 Ins None 10.0% upfront 64.8% - 66.5% 78.9% - 81.1% 45
Kitita 30.0% annual, Flat 1 Fee 1 Ins None 10.0% upfront 52% - 52.4% 64.2% - 66% 46
Jiendeleze 30.0% annual, Flat 1 Fee 1 Ins None 20.0% upfront 56% - 57.1% 89.9% - 94.8% 32
Mkombozi 60.0% annual, Flat 1 Fee 1 Ins None 10.0% upfront 59.6% - 69.8% 69.9% - 81.9% 80

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Biashara Loans ( Individual) 20.0%-22.0% annual, Flat 2 Fees 1 Ins Ins None N/A 40.1% - 46.7% 42% - 50.4% 45
Solidarity Group Loans 27.0% annual, Flat 1 Fee 1 Ins Ins None 20.0% upfront 47.2% - 47.6% 72% - 74.5% 36
Consumer Loans 18.0% annual, Flat 1 Fee 1 Ins Ins None N/A 30.9% - 44.7% 32.2% - 57.5% 48
Home Improvement Loans 19.5% annual, Flat 2 Fees 1 Ins Ins None N/A 36% - 37.6% 38% - 39.6% 50

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Biashara 36.0% annual, Flat 1 Fee 1 Ins Ins None 10.0% upfront 64.8% - 66.5% 78.9% - 81.1% 45
Kitita 30.0% annual, Flat 1 Fee 1 Ins Ins None 10.0% upfront 52% - 52.4% 64.2% - 66% 46
Jiendeleze 30.0% annual, Flat 1 Fee 1 Ins Ins None 20.0% upfront 56% - 57.1% 89.9% - 94.8% 32
Mkombozi 60.0% annual, Flat 1 Fee 1 Ins Ins None 10.0% upfront 59.6% - 69.8% 69.9% - 81.9% 80
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