| Number borrowers | 3,045 |
| Loan Amount (range) | GHS 300 - 7,000 |
| Loan Term (range) | 6 - 8 |
| Other Services (text summary) | Group Mtgs, Credit Ins, Business Training, Other Training, Extention Services |
| Annual Interest & Method | 39.00%-52.00% annual, Flat |
| Fees | 2 fees |
| Insurance | 0.50% upfront |
| Tax | None |
| Comp Dep | 15.00%-20.00% upfront |
| Range of pricing | |
| Interest Price Component | 36.2% - 87.6% |
| Fee Component | 6.9% - 20.2% |
| Insurance Component | 1.1% - 4.7% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 55.1% - 68.0% |
| Transparency Index (min/max) | 21 - 71 |
| Transparency Index (average) | 65 |
| 5,024 |
| UGX 250,000 - 1,000,000 |
| 3 - 9 |
| Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Holistic development training |
| 36.00% annual, Flat |
| 2.00% upfront |
| 1.00%-2.00% upfront |
| None |
| 25.00% upfront |
| 57.6% - 59.2% |
| 5.2% - 7.3% |
| 3.6% - 5.4% |
| 0 |
| 111.0% - 111.5% |
| 32 - 40 |
| 32 |
| Outstanding portfolio (GHS) | GHS 654,472.04 |
| Portfolio (USD) | USD 332,219.31 |
| Active Clients with Loans | 3,045 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | x |
| Solidarity group | x |
| Village banking | x |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | x |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | |
| Business training | x |
| Other training | x |
| Other | Extention Services |
| 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 | Must be resident in community near branch for at least on year |
| Other (2) |
| # Regions for this institution | 10 |
| # Regions for this product | 10 |
| Regions Active | Greater Accra Region, Central Region, Western Region, Eastern Region, Volta Region, Ashanti Region, Brong Ahafo Region, Northern Region, Upper East Region, Upper West Region |
| Outstanding portfolio (UGX) | UGX 686,626,135 |
| Portfolio (USD) | USD 274,650 |
| Active Clients with Loans | 5,024 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | |
| Solidarity group | x |
| 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 | x |
| Workplace visits | x |
| Business training | x |
| Other training | |
| Other | Holistic development training |
| 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 | GHS |
| Minimum loan size | GHS 300 |
| Maximum loan size | 7,000 |
| Loans less than GHS 1,000 | 90% |
| GHS 1,000-5,000 | 10% |
| GHS 5,000-7,500 | 0 |
| GHS 7,500-10,000 | 0 |
| GHS 10,000-13,000 | 0 |
| Greater than GHS 13,000 | 0 |
| Shortest loan term | 6.0 months |
| Longest loan term | 8.0 months |
| Approx average | 7.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 80% |
| Between 7 and 9 months | 20% |
| Between 10 and 12 months | 0 |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| Grace period usage | 100% |
| Average grace period | 5.0 months |
| 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 |
| Currency | UGX |
| Minimum loan size | UGX 250,000 |
| Maximum loan size | 1,000,000 |
| Loans less than UGX 1,000,000 | 100% |
| UGX 1,000,000-5,000,000 | 0 |
| 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 | 9.0 months |
| Approx average | 6.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 50% |
| Between 7 and 9 months | 50% |
| 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 | |
| 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 | 4.00% |
| Reason(s) why interest rate varies | Branch |
| Interest rate period | 4 Weeks |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | Fee 2 | ||
|---|---|---|---|
| Description | Processing Fee | Application and Pass Book Fee | |
| % of loan amount - min | 3.00% | 0 | |
| % of loan amount - max | 3.00% | 0 | |
| OR, Fixed amount - min | 0 | 2 | |
| Fixed amount - max | 0 | 4 | |
| Reason for variation | N/A | Fee varies based on geographic location of client. | |
| Appears on Repayment Sched? | No | No |
| Ins 1 | |
|---|---|
| Description | Insurance Fee |
| % of loan amount - min | 0.50% |
| % of loan amount - max | 0.50% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | Includes life cover only. Do not cover clients above age 64. |
| Appears on Repayment Sched? | No |
| Required for | All |
| Criteria | GHC 1000 or less loans deposit 15% and loans > GHS 1000 deposit 20%. |
| Is deposit indicated on the repayment schedule? | No |
| Do borrowers control deposit in their group? | Yes |
| % loan amount deposited | 15.00% - 20.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 10.00% |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | End Term |
| Minimum interest rate paid | 0 |
| Maximum interest rate paid | 0 |
| Interest payment frequency | N/A |
| Are taxes charged on this product? | No |
| 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 | Accident & Death 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 | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | No |
| Do borrowers control deposit in their group? | No |
| % loan amount deposited | 25.00% |
| 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 | Sample 4 | Sample 5 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | GHS 300 | GHS 700 | GHS 1,350 | GHS 2,700 | GHS 6,200 | ||||
| Loan Cycle (1, 2, 3, etc) | 4 | 4 | 3 | 4 | 2 | ||||
| Disbursement Date | 2012-09-28 | 2012-08-27 | 2012-06-08 | 2012-09-28 | 2012-10-31 | ||||
| Loan Term (Months) | 6.0 months | 5.8 months | 5.6 months | 6.0 months | 5.9 months | ||||
| Grace Period (Months) | 4.1 months | 3.9 months | 3.7 months | 4.1 months | 4.0 months | ||||
| Total Cost of Credit | GHS 67.50 | GHS 153.50 | GHS 293.25 | GHS 583.50 | GHS 1,522 | ||||
| True Price by Comp | |||||||||
| Interest price component | 36.2% | 37.6% | 41.2% | 36.2% | 44.7% | ||||
| Fee Component | 9.0% | 7.9% | 8.1% | 6.9% | 7.2% | ||||
| Insurance Component | 1.1% | 1.2% | 1.3% | 1.2% | 1.3% | ||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Deposit Component | 8.8% | 8.8% | 14.6% | 11.7% | 14.8% | ||||
| Full APR (int fee ins tax dep) | 55.1% | 55.5% | 65.2% | 56.0% | 68.0% | ||||
| Transparency Index | 71 | 70 | 60 | 70 | 57 | ||||
| Original Repayment Schedule | |||||||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | UGX 100,000 | UGX 250,000 | UGX 300,000 | UGX 300,000 | |||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
| Disbursement Date | 2012-09-21 | 2012-08-09 | 2012-06-13 | 2012-08-09 | |||
| Loan Term (Months) | 6.0 months | 6.0 months | 6.0 months | 6.0 months | |||
| Grace Period (Months) | 1.0 month | 1.0 month | 1.0 month | 0.0 months | |||
| Total Cost of Credit | UGX 21,000 | UGX 52,500 | UGX 63,000 | UGX 63,000 | |||
| True Price by Comp | |||||||
| Interest price component | 58.0% | 57.6% | 57.8% | 57.6% | |||
| Fee Component | 7.3% | 7.2% | 7.2% | 7.2% | |||
| Insurance Component | 3.7% | 3.6% | 3.7% | 3.6% | |||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Deposit Component | 42.5% | 42.6% | 42.6% | 42.6% | |||
| Full APR (int fee ins tax dep) | 111.5% | 111.0% | 111.3% | 111.0% | |||
| Transparency Index | 32 | 32 | 32 | 32 | |||
| 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 |
|---|---|---|---|---|---|---|---|
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