Number borrowers | 2,653 |
Loan Amount (range) | GHS 500 - 5,000 |
Loan Term (range) | 6 - 12 |
Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Business Training |
Annual Interest & Method | 32.00% annual, Flat |
Fees | 3.00% upfront |
Insurance | 1.00% upfront |
Tax | None |
Comp Dep | 25.00% upfront |
Range of pricing | |
Interest Price Component | 51.8% - 63.2% |
Fee Component | 6.6% - 12.0% |
Insurance Component | 0 - 3.7% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 108.4% - 114.8% |
Transparency Index (min/max) | 21 - 30 |
Transparency Index (average) | 28 |
442 |
UGX 700,000 - 2,000,000 |
10 |
Group Mtgs, Business Training |
48.00% annual, Flat |
1.00% upfront |
None |
None |
90000.00 upfront |
85.1% - 126.1% |
2.7% - 7.5% |
0 |
0 |
99.0% - 109.5% |
36 - 48 |
45 |
Outstanding portfolio (GHS) | GHS 1,070,242.75 |
Portfolio (USD) | USD 543,270.43 |
Active Clients with Loans | 2,653 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 60% - 80% |
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 | x |
Group meetings | x |
Credit insurance | x |
Workplace visits | |
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 | 1 |
# Regions for this product | 1 |
Regions Active | Ashanti Region |
Outstanding portfolio (UGX) | UGX 117,905,900 |
Portfolio (USD) | USD 47,162 |
Active Clients with Loans | 442 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 60% - 80% |
Individual | |
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 | |
Group meetings | x |
Credit insurance | |
Workplace visits | |
Business training | x |
Other training | |
Other | |
Other (2) | |
No other services |
Men | |
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 | 1 |
# Regions for this product | 1 |
Regions Active | Central |
Currency | GHS |
Minimum loan size | GHS 500 |
Maximum loan size | 5,000 |
Loans less than GHS 1,000 | 10% |
GHS 1,000-5,000 | 90% |
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 | 12.0 months |
Approx average | 8.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 60% |
Between 10 and 12 months | 40% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 100% |
Average grace period | 1.0 month |
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 700,000 |
Maximum loan size | 2,000,000 |
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 | 10.0 months |
Longest loan term | 10.0 months |
Approx average | 10.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 100% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | x |
Every 2 weeks | |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 32.00% |
Highest quoted nominal interest | 32.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Processing Fee |
% of loan amount - min | 3.00% |
% of loan amount - max | 3.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Insurance Fee |
% of loan amount - min | 1.00% |
% of loan amount - max | 1.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
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 | End Term |
Minimum interest rate paid | 3.00% |
Maximum interest rate paid | 3.00% |
Interest payment frequency | Annually |
Are taxes charged on this product? | No |
Lowest quoted nominal interest | 4.00% |
Highest quoted nominal interest | 4.00% |
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 Appraisal Fee |
% of loan amount - min | 1.00% |
% of loan amount - max | 1.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | n/a |
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 | 0 |
or, Fixed-amount deposited | UGX 90,000 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | End Term |
Minimum interest rate paid | 1.00% |
Maximum interest rate paid | 3.00% |
Interest payment frequency | Annually |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | GHS 1,000 | GHS 1,200 | GHS 3,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2012-12-06 | 2012-12-06 | 2012-11-22 | ||
Loan Term (Months) | 6.0 months | 6.0 months | 8.0 months | ||
Grace Period (Months) | 0.0 months | 0.0 months | 0.2 months | ||
Total Cost of Credit | GHS 200 | GHS 240 | GHS 760 | ||
True Price by Comp | |||||
Interest price component | 51.8% | 51.8% | 56.1% | ||
Fee Component | 10.9% | 10.9% | 9.2% | ||
Insurance Component | 3.7% | 3.7% | 3.1% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 42.0% | 42.0% | 46.4% | ||
Full APR (int fee ins tax dep) | 108.4% | 108.4% | 114.8% | ||
Transparency Index | 30 | 30 | 28 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | UGX 800,000 | UGX 980,000 | UGX 1,340,000 | UGX 1,340,000 | |||
Loan Cycle (1, 2, 3, etc) | 4 | 4 | 5 | 5 | |||
Disbursement Date | 2011-12-07 | 2012-05-12 | 2012-05-05 | 2012-04-02 | |||
Loan Term (Months) | 10.0 months | 9.0 months | 9.0 months | 10.0 months | |||
Grace Period (Months) | 0.2 months | 0.2 months | 0.2 months | 0.5 months | |||
Total Cost of Credit | UGX 328,000 | UGX 401,800 | UGX 549,400 | UGX 549,400 | |||
True Price by Comp | |||||||
Interest price component | 85.1% | 90.8% | 90.8% | 86.1% | |||
Fee Component | 2.7% | 2.9% | 2.9% | 2.7% | |||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 18.3% | 15.8% | 11.1% | 10.2% | |||
Full APR (int fee ins tax dep) | 106.1% | 109.5% | 104.8% | 99.0% | |||
Transparency Index | 45 | 44 | 46 | 48 | |||
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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