341 |
UGX 500,000 - 5,000,000 |
3 - 12 |
Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training |
36.00% annual, Flat |
2.00% upfront |
1.00%-2.00% upfront |
None |
15.00% upfront |
57.6% - 59.2% |
5.2% - 7.3% |
3.6% - 5.4% |
0 |
89.2% - 90.9% |
32 - 40 |
40 |
Outstanding portfolio (GHS) | GHS 7,000 |
Portfolio (USD) | USD 3,553.30 |
Active Clients with Loans | 7 |
Approximate % Female Clients | |
Approximate % Urban Clients |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Men | x |
Women | x |
Must run a business | x |
Must own a home or land | |
Must be a salaried worker | x |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | 2 |
# Regions for this product | N/A |
Regions Active |
Outstanding portfolio (UGX) | UGX 233,517,591 |
Portfolio (USD) | USD 93,407 |
Active Clients with Loans | 341 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 40% - 60% |
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 | x |
Group meetings | x |
Credit insurance | x |
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 | |
Must be a salaried worker | |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | 3 |
# Regions for this product | 3 |
Regions Active | Central, Northern, Western |
Currency | UGX |
Minimum loan size | UGX 500,000 |
Maximum loan size | 5,000,000 |
Loans less than UGX 1,000,000 | 50% |
UGX 1,000,000-5,000,000 | 50% |
UGX 5,000,000-7,500,000 | 0 |
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 | 3.0 months |
Longest loan term | 12.0 months |
Approx average | 6.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 30% |
Between 7 and 9 months | 40% |
Between 10 and 12 months | 30% |
Between 13 and 18 months | 0 |
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 |
Lowest quoted nominal interest | 3.00% |
Highest quoted nominal interest | 3.00% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Loan Commission |
% of loan amount - min | 2.00% |
% of loan amount - max | 2.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Credit Life Insurance |
% 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% on loans < 6 months. 2% for loans > 6 months |
Appears on Repayment Sched? | No |
Required for | Some |
Criteria | Compulsory deposit is not required for salaried workers. |
Is deposit indicated on the repayment schedule? | No |
Do borrowers control deposit in their group? | No |
% loan amount deposited | 15.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | Final Pmt |
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 | |||
---|---|---|---|---|---|
Loan Amount | UGX 700,000 | UGX 1,500,000 | UGX 2,900,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2012-04-23 | 2012-08-22 | 2012-08-17 | ||
Loan Term (Months) | 6.0 months | 6.0 months | 9.0 months | ||
Grace Period (Months) | 1.0 month | 1.0 month | 1.0 month | ||
Total Cost of Credit | UGX 147,000 | UGX 315,000 | UGX 899,000 | ||
True Price by Comp | |||||
Interest price component | 57.9% | 57.6% | 59.2% | ||
Fee Component | 7.2% | 7.2% | 5.2% | ||
Insurance Component | 3.7% | 3.6% | 5.4% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 20.9% | 20.8% | 21.1% | ||
Full APR (int fee ins tax dep) | 89.7% | 89.2% | 90.9% | ||
Transparency Index | 40 | 40 | 40 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Key Statistics | |
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# 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 |
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