Number borrowers | 5,082 |
Loan Amount (range) | GHS 100 - 1,000 |
Loan Term (range) | 4 |
Other Services (text summary) | Credit Educ, Group Mtgs, Health and nutrition training, Clean up exercises (sanitation) |
Annual Interest & Method | 36.00% annual, Flat |
Fees | None |
Insurance | None |
Tax | None |
Comp Dep | 10.00% upfront |
Range of pricing | |
Interest Price Component | 63.1% - 91.9% |
Fee Component | 0 - 19.1% |
Insurance Component | 0 |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 75.6% |
Transparency Index (min/max) | 48 - 59 |
Transparency Index (average) | 47 |
5,536 |
UGX 2,500,000 - 25,000,000 |
3 - 12 |
Credit Educ, Business Training |
25.0% annual, Flat |
1.00% upfront 3,000.00 upfront |
None |
None |
10.0% upfront |
43.1% - 46.3% |
0.2% - 6.3% |
0 |
0 |
53.9% - 54.5% |
39 - 46 |
46 |
Outstanding portfolio (GHS) | GHS 1,575,561 |
Portfolio (USD) | USD 799,777.16 |
Active Clients with Loans | 5,082 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 80% - 100% |
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 | |
Workplace visits | |
Business training | |
Other training | |
Other | Health and nutrition training |
Other (2) | Clean up exercises (sanitation) |
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 | Must be a group member and must have lived in the community for at least one year |
Other (2) | Must have group guarantee |
# Regions for this institution | 1 |
# Regions for this product | 1 |
Regions Active | Northern Region |
Outstanding portfolio (UGX) | UGX 11,765,262,356 |
Portfolio (USD) | USD 4,659,509.84 |
Active Clients with Loans | 5,536 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 20% - 40% |
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 | |
Credit insurance | |
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 | 4 |
# Regions for this product | 5 |
Regions Active | Central, Eastern, Northern, Western, Southern |
Currency | GHS |
Minimum loan size | GHS 100 |
Maximum loan size | 1,000 |
Loans less than GHS 1,000 | 100% |
GHS 1,000-5,000 | 0 |
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 | 4.0 months |
Longest loan term | 4.0 months |
Approx average | 4.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 100% |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 0 |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 100% |
Average grace period | 0.2 months |
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 |
Currency | UGX |
Minimum loan size | UGX 2,500,000 |
Maximum loan size | 25,000,000 |
Loans less than UGX 1,000,000 | 0 |
UGX 1,000,000-5,000,000 | 30% |
UGX 5,000,000-7,500,000 | 40% |
UGX 7,500,000-10,000,000 | 30% |
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 | 8.0 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 | |
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 | 36.00% |
Highest quoted nominal interest | 36.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | No |
Do borrowers control deposit in their group? | Yes |
% loan amount deposited | 10.00% |
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 | 0 |
Maximum interest rate paid | 0 |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
Lowest quoted nominal interest | 25.00% |
Highest quoted nominal interest | 25.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Loan Appraisal | Membership and Legal Fee | |
% of loan amount - min | 1.00% | 0 | |
% of loan amount - max | 1.00% | 0 | |
OR, Fixed amount - min | 0 | 3,000 | |
Fixed amount - max | 0 | 3,000 | |
Reason for variation | N/A | Membership fee = UGX 1500; Legal fee = UGX 1500 | |
Appears on Repayment Sched? | Yes | Yes |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | Yes |
Do borrowers control deposit in their group? | No |
% loan amount deposited | 10.00% |
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 | GHS 300 | GHS 400 | GHS 500 | GHS 600 | |||
Loan Cycle (1, 2, 3, etc) | 2 | 2 | 2 | 2 | |||
Disbursement Date | 2013-01-18 | 2013-01-18 | 2013-01-18 | 2013-01-18 | |||
Loan Term (Months) | 4.0 months | 4.0 months | 4.0 months | 4.0 months | |||
Grace Period (Months) | 0.2 months | 0.2 months | 0.2 months | 0.2 months | |||
Total Cost of Credit | GHS 36 | GHS 48 | GHS 60 | GHS 72 | |||
True Price by Comp | |||||||
Interest price component | 63.1% | 63.1% | 63.1% | 63.1% | |||
Fee Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 12.5% | 12.5% | 12.5% | 12.5% | |||
Full APR (int fee ins tax dep) | 75.6% | 75.6% | 75.6% | 75.6% | |||
Transparency Index | 48 | 48 | 48 | 48 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Loan Amount |
Type of Sample |
Disbursement Date |
Loan Term (Months) |
Grace Period (Months) |
Total Cost of Credit |
Full APR (int fee ins tax dep) |
True Price by Component |
Transparency Index |
Original Repayment Schedule |
MFT Pricing Calculation |
||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Interest price component |
Fee Component |
Insurance Component |
Tax Component |
Deposit Component |
||||||||||
UGX 1,000,000 | Generated | 2015-01-01 | 11.9 months | N/A | UGX 260,260.27 | 54.5% | 43.1% | 2.6% | 0.0% | 0.0% | 8.8% | 46 | - | |
UGX 2,500,000 | Generated | 2015-01-01 | 11.9 months | N/A | UGX 646,150.68 | 54.1% | 43.1% | 2.3% | 0.0% | 0.0% | 8.7% | 46 | - | |
UGX 4,800,000 | Generated | 2015-01-01 | 11.9 months | N/A | UGX 1,237,849.32 | 54.0% | 43.1% | 2.1% | 0.0% | 0.0% | 8.8% | 46 | - | |
UGX 5,200,000 | Generated | 2015-01-01 | 11.9 months | N/A | UGX 1,340,753.43 | 53.9% | 43.1% | 2.1% | 0.0% | 0.0% | 8.7% | 46 | - | |
UGX 6,000,000 | Generated | 2015-01-01 | 11.9 months | N/A | UGX 1,546,561.64 | 53.9% | 43.1% | 2.1% | 0.0% | 0.0% | 8.7% | 46 | - | |
UGX 7,000,000 | Generated | 2015-01-01 | 11.9 months | N/A | UGX 1,803,821.92 | 53.9% | 43.1% | 2.1% | 0.0% | 0.0% | 8.7% | 46 | - | |
UGX 8,500,000 | Generated | 2015-01-01 | 11.9 months | N/A | UGX 2,189,712.33 | 53.9% | 43.1% | 2.1% | 0.0% | 0.0% | 8.7% | 46 | - | |
UGX 10,000,000 | Generated | 2015-01-01 | 11.9 months | N/A | UGX 2,575,602.74 | 53.9% | 43.1% | 2.1% | 0.0% | 0.0% | 8.7% | 46 | - |
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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