2. FONDECO
Please note that the information you are viewing is 130 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. UGAFODE
Please note that the information you are viewing is 144 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

FONDECO Av. Pedro Ribera Méndez (Tercer Anillo Interno) esquina Chuubi, entre Av. Paraguá y Av. MutualistaSanta Cruz de la Sierra, Bolivia
Data approved: 2013-09-13
Data version: 2
Age of data: 130 months
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Institution

UGAFODE Microfinance Limited (MDI) Plot 62, Bombo RdKampala, Uganda
Data approved: 2012-11-14
Data version: 2
Age of data: 144 months
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Product

Fondos Comunales Product 1 of 3 « Prev | Next »

Product

Micro Business Individual Loan Product 4 of 9 « Prev | Next »

Product Summary

Number borrowers11,250
Loan Amount (range)BOB 500 - 15,000
Loan Term (range)1 - 12
Other Services (text summary)Credit Educ, Group Mtgs, Credit Ins, Other Training
Annual Interest & Method27.0%-32.0% annual, Decl Bal
Fees2.00% upfront
InsuranceNone
TaxNone
Comp Dep10.0%-15.0% upfront 15.00% ongoing
Range of pricing 
Interest Price Component15.6% - 32.0%
Fee Component0.5% - 4.2%
Insurance Component0 - 0.9%
Tax Component Range0
Full APR (int fee ins tax dep)41.6% - 55.9%
Transparency Index (min/max)44 - 80
Transparency Index (average)56

Product Summary

2,929
UGX 100,000 - 5,000,000
3 - 24
Credit Ins
36.00% annual, Flat
2 fees
0.85% upfront
None
N/A
 
21.0% - 59.5%
1.4% - 27.1%
1.2% - 4.5%
0
65.2% - 73.1%
36 - 96
52

Product Details

Key Statistics
Outstanding portfolio (BOB)BOB 19,992,902
Portfolio (USD)USD 2,961,911.41
Active Clients with Loans11,250
Approximate % Female Clients60% - 80%
Approximate % Urban Clients40% - 60%
Methodology
Individual
Solidarity group
Village bankingx
Self help group
Other
Description
Créditos a grupos de mujeres organizados desde 10 a 30 personas, garantías solidarias y mancomunadas, disponibilidad de ahorros al final del ciclo, ciclos y plazos adecuados a sus actividades.
Loan Purpose
Any purposex
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visits
Business training
Other trainingx
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age group
OtherCada grupo deber estar compuesto por al menos 75% de mujeres
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution6
# Regions for this product5
Regions ActiveChuquisaca , Cochabamba , La Paz , Santa Cruz, Tarija

Product Details

Key Statistics
Outstanding portfolio (UGX)UGX 3,160,115,608
Portfolio (USD)USD 1,264,046
Active Clients with Loans2,929
Approximate % Female Clients20% - 40%
Approximate % Urban Clients20% - 40%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Short term loans to micro business entrepreneurs with regular repayments ranging from UGX 100,000 to 5,000,000, purposely to meet their working capital needs.
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
OtherBusiness must least 3 months old
Other (2)Must have security.
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution2
# Regions for this product2
Regions ActiveCentral, Western

Loan Conditions

Loan Amount
CurrencyBOB
Minimum loan sizeBOB 500
Maximum loan size15,000
Distribution at Disbursement (Est.)
Loans less than BOB 10,00090%
BOB 10,000-40,00010%
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 term1.0 month
Longest loan term12.0 months
Approx average10.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months5%
Between 7 and 9 months15%
Between 10 and 12 months80%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeksx
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end paymentx
Irregular payments

Loan Conditions

Loan Amount
CurrencyUGX
Minimum loan sizeUGX 100,000
Maximum loan size5,000,000
Distribution at Disbursement (Est.)
Loans less than UGX 1,000,00010%
UGX 1,000,000-5,000,00090%
UGX 5,000,000-7,500,0000
UGX 7,500,000-10,000,0000
UGX 10,000,000-13,000,0000
Greater than UGX 13,000,0000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term24.0 months
Approx average8.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months5%
Between 7 and 9 months30%
Between 10 and 12 months40%
Between 13 and 18 months15%
Longer than 18 months10%
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

Pricing Information

Interest
Lowest quoted nominal interest27.00%
Highest quoted nominal interest32.00%
Reason(s) why interest rate variesLoan Purpose, Número de participante en cada grupo y por tipo de credito, beneficiando al sector productivo.
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionComision por Gastos Administrativos
% of loan amount - min2.00%
% of loan amount - max2.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
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
CriteriaEl depósito obligatorio antes del desembolso varía entre 10%-15% basado en el nivel de riesgo de cada agencia.
Is deposit indicated on the repayment schedule?Yes
Do borrowers control deposit in their group?No
Deposit BEFORE or AT Disbursement
% loan amount deposited10.00% - 15.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited15.00%
or, Fixed-amount deposited0
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

Pricing Information

Interest
Lowest quoted nominal interest3.00%
Highest quoted nominal interest3.00%
Reason(s) why interest rate variesTime as Client, Interest reduces to 2.5% on 4th cycle for clients with excellent repayment history
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionLoan Application Fee & Stamp DutyLoan Comission
% of loan amount - min00.85%
% of loan amount - max00.85%
OR, Fixed amount - min10,0000
Fixed amount - max15,0000
Reason for variationAp Fee = 10,000. Stamp Duty = 5,000 for loans > 2MN/A
Appears on Repayment Sched?NoNo
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionLoan Insurance Premium
% of loan amount - min0.85%
% of loan amount - max0.85%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
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

Fondos Comunales samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountBOB 1,000BOB 5,000BOB 6,800BOB 8,000BOB 9,500BOB 11,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2013-09-132013-10-262013-10-262013-09-132013-10-262013-10-26
Loan Term (Months)8.0 months11.0 months11.0 months8.0 months11.0 months11.0 months
Grace Period (Months)0.2 months0.2 months0.2 months0.2 months0.2 months0.2 months
Total Cost of CreditBOB 218.60BOB 969.57BOB 1,319.89BOB 1,748.80BOB 1,844.03BOB 2,134.22
True Price by Comp           
Interest price component31.1%32.0%32.0%31.1%32.0%32.0%
Fee Component3.4%4.2%4.2%3.4%4.2%4.2%
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 Component9.7%19.7%13.6%7.1%13.6%13.6%
Full APR (int fee ins tax dep)44.2%55.9%49.8%41.6%49.8%49.8%
Transparency Index614854655454
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF

Full Pricing Data

Micro Business Individual Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountUGX 400,000UGX 700,000UGX 1,500,000UGX 3,000,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2012-10-202012-10-192012-10-192012-11-12
Loan Term (Months)6.0 months8.0 months10.0 months8.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditUGX 88,800UGX 189,900UGX 485,500UGX 786,000
True Price by Comp       
Interest price component57.7%59.0%59.5%59.4%
Fee Component12.2%6.6%3.6%3.9%
Insurance Component3.2%2.5%2.1%2.5%
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)73.1%68.1%65.2%65.8%
Transparency Index49535555
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
Fondos Comunales Price Graphs


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Micro Business Individual Loan 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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