Institution Type | Non-Governmental Organization |
Is this institution regulated? | No |
Website address | http://www.improbolivia.org/ |
Year established | 1995 |
Head of Institution | José Jimenez M. |
Regions active | La Paz |
# Branches | 1 |
Total Portfolio (nat'l) | BOB 19,617,663.83 |
Total Portfolio (USD) | USD 2,906,320.57 |
Active clients with loans | 2,413 |
Approximate % female clients | 40% - 60% |
Approximate % urban clients | 80% - 100% |
Network affiliations | FINRURAL |
Funders |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Línea de Créditos de Fomento | BOB 300 - 21,000 | 4 - 24 | 40% - 60% | 60% - 80% | Business, Agriculture, Education | Women, Men, Have business | Credit Ins, Tech Asst Visits | |||||||
Programa de Vivienda y Mejoramiento del Habitat | BOB 300 - 10,000 | 6 - 24 | 40% - 60% | 60% - 80% | Housing, Other | Women, Men, Have home or land | Credit Ins, Tech Asst Visits | |||||||
Línea de Créditos de Fomento (USD) | USD 50 - 3,100 | 4 - 24 | 40% - 60% | 60% - 80% | Business, Agriculture, Education | Women, Men, Have business | Credit Ins, Tech Asst Visits | |||||||
Programa de Vivienda y Mejoramiento del Habitat (USD) | USD 50 - 1,500 | 6 - 24 | 40% - 60% | 60% - 80% | Business, Agriculture, Education | Women, Men, Have business | Credit Ins, Tech Asst Visits |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Línea de Créditos de Fomento | 14.4%-21.6% annual, Decl Bal | 1 Fee | 1 Ins | None | N/A | 25.5% - 28% | 26.1% - 28.5% | 53 | ||||||||
Programa de Vivienda y Mejoramiento del Habitat | 14.4%-21.6% annual, Decl Bal | 1 Fee | 1 Ins | None | N/A | 19.8% - 28.6% | 20.4% - 29.2% | 56 | ||||||||
Línea de Créditos de Fomento (USD) | 14.4%-21.6% annual, Decl Bal | 1 Fee | 1 Ins | None | N/A | 19.8% - 40.4% | 20.4% - 40.9% | 53 | ||||||||
Programa de Vivienda y Mejoramiento del Habitat (USD) | 14.4%-21.6% annual, Decl Bal | 1 Fee | 1 Ins | None | N/A | 27.8% - 33.8% | 28.4% - 34.3% | 46 |
Outstanding portfolio (UGX) | UGX 4,131,125,941 |
Portfolio (USD) | USD 1,588,894.59 |
Active Clients with Loans | 95 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 40% - 60% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | x |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
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 | |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Other | Schools & Companies are also eligible. |
Other (2) |
# Regions for this institution | 3 |
# Regions for this product | 3 |
Regions Active | Central, Eastern, Western |
Currency | UGX |
Minimum loan size | UGX 500,000 |
Maximum loan size | 625,000,000 |
Loans less than UGX 1,000,000 | 10% |
UGX 1,000,000-5,000,000 | 10% |
UGX 5,000,000-7,500,000 | 10% |
UGX 7,500,000-10,000,000 | 10% |
UGX 10,000,000-13,000,000 | 10% |
Greater than UGX 13,000,000 | 10% |
Shortest loan term | 4.0 months |
Longest loan term | 60.0 months |
Approx average | 36.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 10% |
Between 7 and 9 months | 10% |
Between 10 and 12 months | 10% |
Between 13 and 18 months | 10% |
Longer than 18 months | 60% |
Grace period usage | 10% |
Average grace period | 2.0 months |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | x |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments | x |
Lowest quoted nominal interest | 24.00% |
Highest quoted nominal interest | 24.00% |
Reason(s) why interest rate varies | Loan Size |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | No |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Loan Processing Fee | Loan Application Fee | |
% of loan amount - min | 2.00% | 0 | |
% of loan amount - max | 2.00% | 0 | |
OR, Fixed amount - min | 0 | 20,000 | |
Fixed amount - max | 0 | 50,000 | |
Reason for variation | N/A | 20,000 for loans up to 50M & 50,000 for loans over 50M. | |
Appears on Repayment Sched? | No | No |
Fee 1 | |
---|---|
Description | Monitoring Fee |
% of loan amount - min | 0.50% |
% of loan amount - max | 1.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | 1% for loans up to 50M & 0.5% for loans over 50M. |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Insurance Fee |
% of loan amount - min | 1.10% |
% of loan amount - max | 1.10% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
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 |
Sample 3 | Sample 4 | Sample 5 | |||
---|---|---|---|---|---|
Loan Amount | UGX 5,000,000 | UGX 5,000,000 | UGX 9,000,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2012-06-14 | 2012-12-13 | 2012-09-10 | ||
Loan Term (Months) | 12.0 months | 12.0 months | 16.0 months | ||
Grace Period (Months) | 1.0 month | 1.0 month | 1.1 months | ||
Total Cost of Credit | UGX 1,703,367 | UGX 1,630,971 | UGX 3,814,628 | ||
True Price by Comp | |||||
Interest price component | 41.3% | 39.4% | 41.1% | ||
Fee Component | 3.9% | 3.8% | 2.9% | ||
Insurance Component | 1.6% | 1.6% | 1.3% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 46.8% | 44.8% | 45.3% | ||
Transparency Index | 51 | 54 | 53 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
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% Products with one or more insurances | |
% Products with compulsory deposits |
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