Institution Type | Non-Governmental Organization |
Is this institution regulated? | No |
Website address | http://www.worldvision.org/ |
Year established | 2001 |
Head of Institution | Spencer Badu |
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 |
# Branches | 7 |
Total Portfolio (nat'l) | GHS 3,697,508 |
Total Portfolio (USD) | USD 1,876,907.61 |
Active clients with loans | 13,774 |
Approximate % female clients | 60% - 80% |
Approximate % urban clients | 0% - 20% |
Network affiliations | ASSFIN, GHAMFIN, Vision Fund International |
Funders | World Vision International, Vision Fund International |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Farmer Loan | GHS 300 - 7,000 | 6 - 8 | 60% - 80% | 0% - 20% | Business, Agriculture | Women, Men, Have business, Specific age group, Must be resident in community near branch for at least on year | Group Mtgs, Credit Ins, Business Training, Other Training, Extention Services | |||||||
Working Capital Loan | GHS 800 - 8,500 | 4 - 12 | 60% - 80% | 20% - 40% | Business | Women, Men, Have business, Specific age group, Must be resident in community near branch for at least on year | Group Mtgs, Credit Ins, Business Training, Other Training |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Farmer Loan | 39.00%-52.00% annual, Flat | 2 Fees | 1 Ins | None | 15.00%-20.00% upfront | 43.1% - 51.9% | 55.1% - 68% | 65 | ||||||||
Working Capital Loan | 39.00%-52.00% annual, Flat | 2 Fees | 1 Ins | None | 15.00%-20.00% upfront | 81.2% - 106.3% | 119.1% - 182.5% | 24 |
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 | 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 | 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 | ||||
---|---|---|---|---|---|---|---|
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 |
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% Products with one or more insurances | |
% Products with compulsory deposits |
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