Number borrowers | 880 |
Loan Amount (range) | GHS 50 - 1,000 |
Loan Term (range) | 3 - 6 |
Other Services (text summary) | Credit Ins |
Annual Interest & Method | 48.0% annual, Flat |
Fees | 1.50%-2.00% upfront |
Insurance | 0.55%-1.00% upfront |
Tax | None |
Comp Dep | 2.50-10.00 ongoing |
Range of pricing | |
Interest Price Component | 57.7% - 86.0% |
Fee Component | 2.2% - 9.1% |
Insurance Component | 0.6% - 4.5% |
Tax Component Range | 0 - 0.6% |
Full APR (int fee ins tax dep) | 154.3% - 180.7% |
Transparency Index (min/max) | 27 - 66 |
Transparency Index (average) | 29 |
1,452 |
UGX 100,000 - 23,000,000 |
3 - 36 |
Credit Ins |
30.00% annual, Decl Bal |
2 fees |
0.85% upfront |
None |
N/A |
21.0% - 59.5% |
1.4% - 27.1% |
1.2% - 4.5% |
0 |
42.2% - 49.7% |
36 - 96 |
65 |
Outstanding portfolio (GHS) | GHS 671,900 |
Portfolio (USD) | USD 341,065.99 |
Active Clients with Loans | 880 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 60% - 80% |
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 | |
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 | |
Must be specific age group | x |
Other | |
Other (2) |
# Regions for this institution | 3 |
# Regions for this product | 4 |
Regions Active | Greater Accra Region, Eastern Region, Ashanti Region, Brong Ahafo Region |
Outstanding portfolio (UGX) | UGX 2,024,603,822 |
Portfolio (USD) | USD 809,842 |
Active Clients with Loans | 1,452 |
Approximate % Female Clients | 0% - 20% |
Approximate % Urban Clients | 0% - 20% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | x |
Other | Agricultural production, marketing, processing, trading, cattle trading, poultry, etc. |
Other (2) |
Credit education | |
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 | x |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | x |
Other | Collateral like land, motor vehicle, cattle required |
Other (2) |
# Regions for this institution | 2 |
# Regions for this product | 2 |
Regions Active | Central, Western |
Currency | GHS |
Minimum loan size | GHS 50 |
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 | 3.0 months |
Longest loan term | 6.0 months |
Approx average | DK |
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 | 0 |
Average grace period | 0 |
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 100,000 |
Maximum loan size | 23,000,000 |
Loans less than UGX 1,000,000 | 15% |
UGX 1,000,000-5,000,000 | 80% |
UGX 5,000,000-7,500,000 | 5% |
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 | 36.0 months |
Approx average | 10.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 20% |
Between 7 and 9 months | 20% |
Between 10 and 12 months | 30% |
Between 13 and 18 months | 10% |
Longer than 18 months | 20% |
Grace period usage | 10% |
Average grace period | 3.0 months |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | x |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
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 | Processing Fee |
% of loan amount - min | 1.50% |
% of loan amount - max | 2.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Fee increased from 1.5% to 2.0% in March 2013. |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Insurance Fee |
% of loan amount - min | 0.55% |
% of loan amount - max | 1.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Fee increased from 0.55% to 1.0% in July 2013. |
Appears on Repayment Sched? | Yes |
Required for | Some |
Criteria | Required if physical collateral provided is not sufficient. Ongoing is 2.5 GHS pw for weekly loans, 10 GHS for monthly loans |
Is deposit indicated on the repayment schedule? | No |
Do borrowers control deposit in their group? | No |
% loan amount deposited | 0 - 20.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | GHS 2.50 - GHS 10 |
Conditions on access to deposit | End Term |
Minimum interest rate paid | 6.00% |
Maximum interest rate paid | 6.00% |
Interest payment frequency | Annually |
Are taxes charged on this product? | No |
Lowest quoted nominal interest | 2.50% |
Highest quoted nominal interest | 2.50% |
Reason(s) why interest rate varies | Time as Client, Client Risk, n/a |
Interest rate period | Monthly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Loan Application Fee & Stamp Duty | Loan Commission | |
% of loan amount - min | 0 | 2.00% | |
% of loan amount - max | 0 | 2.00% | |
OR, Fixed amount - min | 10,000 | 0 | |
Fixed amount - max | 15,000 | 0 | |
Reason for variation | Ap Fee = 10,000. Stamp Duty = 5,000 for loans > 2M | N/A | |
Appears on Repayment Sched? | No | No |
Ins 1 | |
---|---|
Description | Loan Insurance Premium |
% of loan amount - min | 0.85% |
% of loan amount - max | 0.85% |
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 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | GHS 300 | GHS 400 | GHS 600 | GHS 800 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2013-06-18 | 2013-06-06 | 2013-05-14 | 2013-06-06 | |||
Loan Term (Months) | 5.6 months | 5.6 months | 5.6 months | 5.6 months | |||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||
Total Cost of Credit | GHS 73.89 | GHS 98.52 | GHS 139.32 | GHS 197.04 | |||
True Price by Comp | |||||||
Interest price component | 86.0% | 86.0% | 81.0% | 86.0% | |||
Fee Component | 9.1% | 9.1% | 6.8% | 9.1% | |||
Insurance Component | 2.5% | 2.5% | 4.5% | 2.5% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 83.1% | 73.5% | 62.0% | 60.3% | |||
Full APR (int fee ins tax dep) | 180.7% | 171.1% | 154.3% | 157.9% | |||
Transparency Index | 27 | 28 | 31 | 30 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | UGX 1,000,000 | UGX 800,000 | UGX 1,500,000 | UGX 3,000,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2012-11-15 | 2012-10-19 | 2012-10-19 | 2012-10-19 | |||
Loan Term (Months) | 6.0 months | 8.0 months | 10.0 months | 12.0 months | |||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||
Total Cost of Credit | UGX 146,085.01 | UGX 144,520.88 | UGX 311,207.50 | UGX 717,135 | |||
True Price by Comp | |||||||
Interest price component | 35.7% | 35.5% | 35.5% | 35.5% | |||
Fee Component | 10.8% | 9.2% | 6.2% | 5.0% | |||
Insurance Component | 3.2% | 2.4% | 2.0% | 1.7% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Full APR (int fee ins tax dep) | 49.7% | 47.1% | 43.7% | 42.2% | |||
Transparency Index | 60 | 64 | 69 | 71 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Key Statistics | |
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# 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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