2. ASPI
Please note that the information you are viewing is 139 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

AIDEZ Small Project International HSN C191/18, AbelemkpeAccra, Greater Accra
Data approved: 2013-03-26
Data version: 2
Age of data: 139 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

Energy & Technology Loan (ETL) Product 7 of 8 « Prev | Next »

Product

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

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


This product either has less than 50 active borrowers or less than 10 loan disbursements over the past 9 months. MFTransparency presents basic data rather than full data for low volume products
Key Statistics
Outstanding portfolio (GHS)GHS 5,600
Portfolio (USD)USD 2,842.64
Active Clients with Loans30
Approximate % Female Clients40% - 60%
Approximate % Urban Clients40% - 60%
Description
Designed for clients to invest in technologies that enable improved quality and access to energy, for example solar driers, lamps, etc. Loan ranges from GHS 30-3000.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loanx
Agriculture
Education
Other household finance
Other
Other (2)
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried workerx
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution2
# Regions for this productN/A
Regions Active

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
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 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

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
Micro Business Individual Loan Price Graphs


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Key Statistics
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# 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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