Outstanding portfolio (USD) | USD 72,275,179.50 |
Portfolio (USD) | USD 72,275,179.50 |
Active Clients with Loans | 23,803 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 80% - 100% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | |
Group meetings | |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | |
Other | La tasa cobrada al cliente le permite gozar de un seguro de desgravamen. |
Other (2) | BANCOSOL paga la prima correspondiente, sin que la misma sea reembolsada por el cliente. |
No other services |
Men | x |
Women | x |
Must run a business | x |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Currency | USD |
Minimum loan size | USD 50 |
Maximum loan size | 250,000 |
Shortest loan term | 3.0 months |
Longest loan term | 96.0 months |
Approx average | 34.0 months |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | x |
Every 2 weeks | x |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | x |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments | x |
Lowest quoted nominal interest | 18.00% |
Highest quoted nominal interest | 24.50% |
Reason(s) why interest rate varies | Loan Size, Collateral |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | N/A |
Is rate fixed for entire loan term | Yes |
Required for | Never |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | N/A |
Do borrowers control deposit in their group? | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
Conditions on access to deposit | N/A |
Minimum interest rate paid | N/A |
Maximum interest rate paid | N/A |
Interest payment frequency | N/A |
Are taxes charged on this product? | Yes |
Percentage of fees | 0 |
All or some fees taxed | N/A |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | USD 400 | USD 1,000 | USD 2,000 | USD 4,000 | USD 8,000 | USD 10,000 | |||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
Disbursement Date | 2010-05-11 | 2010-05-28 | 2010-05-12 | 2010-05-13 | 2010-05-28 | 2010-05-28 | |||||
Loan Term (Months) | 18.0 months | 20.0 months | 24.0 months | 36.0 months | 35.0 months | 60.0 months | |||||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||||
Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
True Price by Comp | |||||||||||
Interest and Fee Component | 24.9% | 24.8% | 24.8% | 22.8% | 21.3% | 18.8% | |||||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Tax Component | 3.0% | 1.7% | 0.2% | 0.1% | 0.1% | 0.1% | |||||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Full APR (int fee ins tax dep) | 27.9% | 26.5% | 25.0% | 22.9% | 21.4% | 18.8% | |||||
Transparency Index | 65 | 68 | 72 | 79 | 84 | 96 | |||||
Original Repayment Schedule | |||||||||||
MFT Pricing Calculation |
Institution Type | Credit Union / Cooperative |
Is this institution regulated? | Yes |
Website address | N/A |
Year established | 2002 |
Head of Institution | Joseph Mugume |
Regions active | Western |
# Branches | 1 |
Total Portfolio (nat'l) | UGX 3,100,954,725 |
Total Portfolio (USD) | USD 1,240,381.89 |
Active clients with loans | 1,500 |
Approximate % female clients | 20% - 40% |
Approximate % urban clients | 0% - 20% |
Network affiliations | Uganda Cooperative Alliance, AMFIU, ANKOLE Private Sector |
Funders | TRIAS-Uganda, SUFFICE |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Agricultural Loan | UGX 100,000 - 15,000,000 | 4 - 12 | 20% - 40% | 60% - 80% | Business | Women, Men, Have business, Have home or land | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training | |||||||
Banana Improvement Loan | UGX 100,000 - 5,000,000 | 4 - 12 | 60% - 80% | 40% - 60% | Business | Women, Men, Have business | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Agricultural Loan | 36.00% annual, Decl Bal | 1 Fee | 1 Ins | None | 10.00% upfront | 39.4% - 39.5% | 50.2% - 50.3% | 71 | ||||||||
Banana Improvement Loan | 34.00%-36.00% annual, Decl Bal | 2 Fees | 1 Ins | None | 10.00% upfront | 39.2% - 44.5% | 49.8% - 55.4% | 65 |
Key Statistics | |
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Loan Portfolio (USD) | |
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% Products with one or more insurances | |
% Products with compulsory deposits |
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