| Number borrowers | 558 |
| Loan Amount (range) | USD 50 - 1,000 |
| Loan Term (range) | 3 - 18 |
| Other Services (text summary) | Credit Ins |
| Annual Interest & Method | 32.0%-36.0% annual, Decl Bal |
| Fees | None |
| Insurance | 0.18%-1.08% ongoing |
| Tax | None |
| Comp Dep | N/A |
| Range of pricing | |
| Interest Price Component | 19.1% - 36.0% |
| Fee Component | 0 |
| Insurance Component | 0.6% - 0.9% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 32.6% - 36.6% |
| Transparency Index (min/max) | 52 - 95 |
| Transparency Index (average) | 87 |
| 31,375 |
| UGX 50,000 - 10,000,000 |
| 4 - 8 |
| Credit Educ, Group Mtgs, Credit Ins |
| 68.8% annual, Decl Bal |
| 1.00%-2.00% upfront |
| None |
| None |
| 10.0% upfront 1.00% ongoing |
| 27.7% - 68.4% |
| 2.2% - 12.5% |
| 0 - 1.1% |
| 0 |
| 84.2% - 97.9% |
| 59 - 83 |
| 78 |
| Outstanding portfolio (USD) | USD 301,219.66 |
| Portfolio (USD) | USD 301,219.66 |
| Active Clients with Loans | 558 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 20% - 40% |
| 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 | |
| Other (2) | |
| 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 | 2 |
| # Regions for this product | 2 |
| Regions Active | Beni , Santa Cruz |
| Outstanding portfolio (UGX) | UGX 14,057,331,353 |
| Portfolio (USD) | USD 5,567,259.94 |
| Active Clients with Loans | 31,375 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 20% - 40% |
| Individual | |
| Solidarity group | |
| Village banking | x |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | x |
| Education | x |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| 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 | x |
| Other | |
| Other (2) |
| # Regions for this institution | 5 |
| # Regions for this product | 5 |
| Regions Active | Central, Eastern, Northern, Western, Southern |
| Currency | USD |
| Minimum loan size | USD 50 |
| Maximum loan size | 1,000 |
| Loans less than USD 1,500 | 100% |
| USD 1,500-5,000 | 0 |
| USD 5,000-10,000 | 0 |
| USD 10,000-15,000 | 0 |
| USD 15,000-18,000 | 0 |
| Greater than USD 18,000 | 0 |
| Shortest loan term | 3.0 months |
| Longest loan term | 18.0 months |
| Approx average | 15.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 5% |
| Between 7 and 9 months | 5% |
| Between 10 and 12 months | 20% |
| Between 13 and 18 months | 70% |
| Longer than 18 months | 0 |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Currency | UGX |
| Minimum loan size | UGX 50,000 |
| Maximum loan size | 10,000,000 |
| Loans less than UGX 1,000,000 | 40% |
| UGX 1,000,000-5,000,000 | 30% |
| UGX 5,000,000-7,500,000 | 30% |
| UGX 7,500,000-10,000,000 | 0 |
| UGX 10,000,000-13,000,000 | 0 |
| Greater than UGX 13,000,000 | 0 |
| Shortest loan term | 4.0 months |
| Longest loan term | 8.0 months |
| Approx average | 5.0 months |
| 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 usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | |
| Every 2 weeks | x |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 32.00% |
| Highest quoted nominal interest | 36.00% |
| Reason(s) why interest rate varies | Time as Client, Loan Size, Client Risk, Collateral, Loan Purpose |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Ins 1 | |
|---|---|
| Description | Pago del seguro del desgravamen |
| % of loan amount - min | 0.18% |
| % of loan amount - max | 1.08% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | Se aplica 0.06% en cada cuota cargado en el saldo pendiente del principal |
| Appears on Repayment Sched? | 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? | No |
| Lowest quoted nominal interest | 68.80% |
| Highest quoted nominal interest | 68.80% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Disbursement Fee |
| % of loan amount - min | 1.00% |
| % of loan amount - max | 2.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | 1% for monthly, 2% for weekly & biweekly loans |
| Appears on Repayment Sched? | No |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | No |
| Do borrowers control deposit in their group? | No |
| % loan amount deposited | 10.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 1.00% |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | Access During |
| Minimum interest rate paid | 3.00% |
| Maximum interest rate paid | 3.00% |
| Interest payment frequency | Monthly |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | USD 300 | USD 1,000 | USD 500 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2013-12-27 | 2013-10-01 | 2013-10-01 | ||
| Loan Term (Months) | 7.0 months | 15.0 months | 11.0 months | ||
| Grace Period (Months) | 0.5 months | 0.0 months | 0.5 months | ||
| Total Cost of Credit | USD 33.41 | USD 243.67 | USD 97.60 | ||
| True Price by Comp | |||||
| Interest price component | 32.0% | 33.0% | 35.9% | ||
| Fee Component | 0.0% | 0.0% | 0.0% | ||
| Insurance Component | 0.6% | 0.7% | 0.7% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 0.0% | 0.0% | 0.0% | ||
| Full APR (int fee ins tax dep) | 32.6% | 33.7% | 36.6% | ||
| Transparency Index | 80 | 95 | 87 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
Loan Amount |
Type of Sample |
Disbursement Date |
Loan Term (Months) |
Grace Period (Months) |
Total Cost of Credit |
Full APR (int fee ins tax dep) |
True Price by Component |
Transparency Index |
Original Repayment Schedule |
MFT Pricing Calculation |
||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Interest price component |
Fee Component |
Insurance Component |
Tax Component |
Deposit Component |
||||||||||
| UGX 1,000,000 | Real | 2014-11-13 | 6.0 months | N/A | UGX 220,003.33 | 84.3% | 67.4% | 3.6% | 0.0% | 0.0% | 13.3% | 82 | ||
| UGX 1,000,000 | Generated | 2015-02-01 | 6.0 months | N/A | UGX 210,745.21 | 84.8% | 67.0% | 3.7% | 0.0% | 0.0% | 14.1% | 81 | - | |
| UGX 1,000,000 | Real | 2014-11-13 | 6.0 months | N/A | UGX 220,003.33 | 84.3% | 67.4% | 3.6% | 0.0% | 0.0% | 13.3% | 82 | ||
| UGX 1,000,000 | Generated | 2015-02-01 | 6.0 months | N/A | UGX 210,745.21 | 84.8% | 67.0% | 3.7% | 0.0% | 0.0% | 14.1% | 81 | - | |
| UGX 350,000 | Generated | 2015-02-01 | 3.7 months | N/A | UGX 48,562.74 | 97.9% | 68.0% | 12.5% | 0.0% | 0.0% | 17.4% | 70 | - | |
| UGX 675,000 | Generated | 2015-02-01 | 5.5 months | N/A | UGX 129,281.92 | 94.0% | 68.0% | 8.9% | 0.0% | 0.0% | 17.1% | 73 | - | |
| UGX 1,800,000 | Generated | 2015-02-01 | 6.0 months | N/A | UGX 379,341.37 | 84.8% | 67.0% | 3.7% | 0.0% | 0.0% | 14.1% | 81 | - | |
| UGX 4,500,000 | Generated | 2015-02-01 | 8.0 months | N/A | UGX 1,208,120.55 | 84.2% | 67.0% | 3.0% | 0.0% | 0.0% | 14.2% | 82 | - | |
| UGX 6,000,000 | Generated | 2015-02-01 | 7.8 months | N/A | UGX 1,545,008.22 | 91.3% | 68.0% | 6.7% | 0.0% | 0.0% | 16.6% | 75 | - | |
| 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 |
| Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
|---|---|---|---|---|---|---|---|
| X Axis | ||||||
|---|---|---|---|---|---|---|
| Greater than: | ||||||
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| N (# of Samples) | ||||||
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| Avg | ||||||
| Min | ||||||
| Max | ||||||
| Std Dev | ||||||
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| By Country | ||||||
| X Axis | ||||||
|---|---|---|---|---|---|---|
| Greater than: | ||||||
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| From 0 to | ||||||
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| to ∞ | ||||||
