Number borrowers | 15,000 |
Loan Amount (range) | ETB 200 - 5,000 |
Loan Term (range) | 6 - 24 |
Other Services (text summary) | Group Mtgs |
Annual Interest & Method | 18.0% annual, Flat |
Fees | 0.50% upfront |
Insurance | None |
Tax | None |
Comp Dep | 10.0% upfront 10.00 ongoing |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 32.0% - 35.3% (Int+Fee) |
Insurance Component | 0 |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 39.0% - 45.7% |
Transparency Index (min/max) | 39 - 78 |
Transparency Index (average) | 43 |
2,506 |
UGX 50,000 - 15,000,000 |
6 - 12 |
27.60% annual, Flat |
N/A |
0 - 54.6% (Int+Fee) |
1.2% - 53.7% |
-53.7% - 0 |
47.9% - 93.5% |
24 - 76 |
40 |
Outstanding portfolio (ETB) | ETB 23,500,000 |
Portfolio (USD) | USD 1,277,173.91 |
Active Clients with Loans | 15,000 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 80% - 100% |
Individual | |
Solidarity group | x |
Village banking | |
Self help group | x |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | |
Group meetings | x |
Credit insurance | |
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 | |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Outstanding portfolio (UGX) | UGX 629,379,090 |
Portfolio (USD) | USD 286,081 |
Active Clients with Loans | 2,506 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 20% - 40% |
Individual | x |
Solidarity group | |
Village banking | x |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | |
Workplace visits | x |
Business training | x |
Other training | |
Other | |
Other (2) | |
No other services |
Men | x |
Women | x |
Must run a business | x |
Must own a home or land | x |
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 | ETB |
Minimum loan size | ETB 200 |
Maximum loan size | 5,000 |
Shortest loan term | 6.0 months |
Longest loan term | 24.0 months |
Approx average | 10.0 months |
Grace period usage | 100% |
Average grace period | dk |
Daily | |
Weekly | x |
Every 2 weeks | x |
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 | 15,000,000 |
Shortest loan term | 6.0 months |
Longest loan term | 12.0 months |
Approx average | 8.0 months |
Loans 3 months or less | N/A |
Between 4 and 6 months | N/A |
Between 7 and 9 months | N/A |
Between 10 and 12 months | N/A |
Between 13 and 18 months | N/A |
Longer than 18 months | N/A |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | x |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 18.00% |
Highest quoted nominal interest | 18.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Service Charge |
% of loan amount - min | 0.50% |
% of loan amount - max | 0.50% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | |
Appears on Repayment Sched? | No |
Required for | Some |
Criteria | 10% compulsory savings at disbursement for Loan Cycle 2 onwards |
Is deposit indicated on the repayment schedule? | |
Do borrowers control deposit in their group? |
% loan amount deposited | 10.00% - N/A |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | ETB 10 - N/A |
Conditions on access to deposit | End Term |
Minimum interest rate paid | 5.00% |
Maximum interest rate paid | 5.00% |
Interest payment frequency | Annually |
Are taxes charged on this product? | No |
Lowest quoted nominal interest | 2.30% |
Highest quoted nominal interest | 2.30% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | N/A |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Application fees |
% of loan amount - min | 2.50% |
% of loan amount - max | 2.50% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Life Insurance |
% of loan amount - min | 1.00% |
% of loan amount - max | 1.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | |
Appears on Repayment Sched? |
Required for | Some |
Criteria | Clients must be organised under a village bank\r |
Is deposit indicated on the repayment schedule? | |
Do borrowers control deposit in their group? |
% loan amount deposited | 20.00% - N/A |
or, Fixed-amount deposited | 0 - N/A |
% loan amount deposited | 10.00% - N/A |
or, Fixed-amount deposited | 0 - N/A |
Conditions on access to deposit |
Minimum interest rate paid | 0 |
Maximum interest rate paid | 0 |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | ETB 1,000 | ETB 1,000 | ETB 3,000 | ETB 5,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2011-07-12 | 2011-04-21 | 2011-04-08 | 2011-04-08 | |||
Loan Term (Months) | 11.2 months | 11.2 months | 9.3 months | 9.3 months | |||
Grace Period (Months) | 17.0 months | 10.0 months | 7.0 months | 7.0 months | |||
Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | |||
True Price by Comp | |||||||
Interest and Fee Component | 32.0% | 34.5% | 35.3% | 35.3% | |||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 7.0% | 11.2% | 6.1% | 5.6% | |||
Full APR (int fee ins tax dep) | 39.0% | 45.7% | 41.4% | 40.9% | |||
Transparency Index | 46 | 39 | 44 | 44 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | UGX 300,000 | UGX 500,000 | UGX 1,500,000 | UGX 3,000,000 | UGX 5,650,000 | UGX 8,350,000 | |||||
Loan Cycle (1, 2, 3, etc) | 1 | 1 | 2 | 5 | 1 | 4 | |||||
Disbursement Date | 2012-05-07 | 2012-07-23 | 2012-06-04 | 2012-07-16 | 2012-09-05 | 2012-07-02 | |||||
Loan Term (Months) | 6.0 months | 6.0 months | 8.0 months | 9.0 months | 6.0 months | 6.0 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 | 54.6% | 43.9% | 54.0% | 54.4% | 0.0% | 35.6% | |||||
Insurance Component | 3.8% | 3.1% | 3.0% | 2.8% | 38.2% | 2.4% | |||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | -38.2% | 0.0% | |||||
Deposit Component | 2.4% | 19.8% | 35.7% | 36.3% | 48.2% | 9.9% | |||||
Full APR (int fee ins tax dep) | 60.8% | 66.8% | 92.7% | 93.5% | 48.2% | 47.9% | |||||
Transparency Index | 45 | 41 | 30 | 30 | 57 | 58 | |||||
Original Repayment Schedule | |||||||||||
MFT Pricing Calculation |
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: | ||||||
Less or equal to: | ||||||
N (# of Samples) | ||||||
Total Borrrowers of Samples | ||||||
Avg | ||||||
Min | ||||||
Max | ||||||
Std Dev | ||||||
By Inst Type | ||||||
By Country | ||||||
X Axis | ||||||
---|---|---|---|---|---|---|
Greater than: | ||||||
Less or equal to: | ||||||
From 0 to | ||||||
to | ||||||
to | ||||||
to ∞ |