Institution Type | Non-Governmental Organization |
Is this institution regulated? | Yes |
Website address | http://www.daasgift.org/ |
Year established | 2006 |
Head of Institution | Mrs Gifty Baaba Asmah |
Regions active | Western Region |
# Branches | 2 |
Total Portfolio (nat'l) | GHS 254,310 |
Total Portfolio (USD) | USD 129,091.37 |
Active clients with loans | 3,862 |
Approximate % female clients | 80% - 100% |
Approximate % urban clients | 40% - 60% |
Network affiliations | GHAMFIN, ASSFIN, AGSI, Microcredit Summit Campaign |
Funders | E&CO, CHF International, Global Giving, Coastal Resource Centre |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Energy (Clean Cookstoves) | GHS 100 - 2,000 | 3 - 6 | 80% - 100% | 60% - 80% | Business, Consumer | Women, Men, Have business | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training | |||||||
Energy (Solar Lanterns) | GHS 80 - 950 | 3 - 6 | 40% - 60% | 80% - 100% | Business, Consumer | Women, Men | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Energy (Clean Cookstoves) | 24.00%-36.00% annual, Flat | 0 Fees | 0 Ins | None | N/A | 66.5% - 68.1% | 66.5% - 68.1% | 35 | ||||||||
Energy (Solar Lanterns) | 24.00%-36.00% annual, Flat | 0 Fees | 0 Ins | None | 10.00% upfront | 39.3% - 59.1% | 46.7% - 70% | 41 |
Outstanding portfolio (UGX) | UGX 300,547,998 |
Portfolio (USD) | USD 115,595.38 |
Active Clients with Loans | 127 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 40% - 60% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | |
Mortgage/housing | |
Consumer loan | x |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services |
Men | x |
Women | x |
Must run a business | |
Must own a home or land | |
Must be a salaried worker | x |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | 3 |
# Regions for this product | 3 |
Regions Active | Central, Eastern, Western |
Currency | UGX |
Minimum loan size | UGX 500,000 |
Maximum loan size | 20,000,000 |
Loans less than UGX 1,000,000 | 15% |
UGX 1,000,000-5,000,000 | 15% |
UGX 5,000,000-7,500,000 | 15% |
UGX 7,500,000-10,000,000 | 15% |
UGX 10,000,000-13,000,000 | 15% |
Greater than UGX 13,000,000 | 15% |
Shortest loan term | 3.0 months |
Longest loan term | 36.0 months |
Approx average | 12.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 10% |
Between 7 and 9 months | 10% |
Between 10 and 12 months | 30% |
Between 13 and 18 months | 10% |
Longer than 18 months | 40% |
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 | 24.00% |
Highest quoted nominal interest | 24.00% |
Reason(s) why interest rate varies | Loan Size |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | No |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Loan Processing Fee | Loan Application Fee | |
% of loan amount - min | 2.00% | 0 | |
% of loan amount - max | 2.00% | 0 | |
OR, Fixed amount - min | 0 | 20,000 | |
Fixed amount - max | 0 | 50,000 | |
Reason for variation | N/A | 20,000 for loans up to 50M & 50,000 for loans over 50M | |
Appears on Repayment Sched? | No | No |
Fee 1 | |
---|---|
Description | Monitoring 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 |
Ins 1 | |
---|---|
Description | Insurance Fee |
% of loan amount - min | 1.10% |
% of loan amount - max | 1.10% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Required for | Never |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | N/A |
Do borrowers control deposit in their group? | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
Conditions on access to deposit | N/A |
Minimum interest rate paid | N/A |
Maximum interest rate paid | N/A |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 4 | |||
---|---|---|---|---|---|
Loan Amount | UGX 600,000 | UGX 2,000,000 | UGX 6,000,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2012-09-26 | 2012-11-28 | 2013-01-25 | ||
Loan Term (Months) | 7.0 months | 37.0 months | 12.0 months | ||
Grace Period (Months) | 0.5 months | 0.0 months | 0.2 months | ||
Total Cost of Credit | UGX 117,308 | UGX 1,628,448 | UGX 1,740,833 | ||
True Price by Comp | |||||
Interest price component | 38.0% | 41.4% | 40.1% | ||
Fee Component | 17.1% | 2.4% | 6.8% | ||
Insurance Component | 3.3% | 0.9% | 2.0% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 58.4% | 44.7% | 48.9% | ||
Transparency Index | 41 | 54 | 49 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
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% Products using declining balance | |
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% Products with one or more insurances | |
% Products with compulsory deposits |
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