Number borrowers | 4,848 |
Loan Amount (range) | GHS 50 - 1,000 |
Loan Term (range) | 4 - 6 |
Other Services (text summary) | Credit Educ, Group Mtgs, Other Training, Training in health, nutrition, sanitation, breast-feeding, and malaria prevention. |
Annual Interest & Method | 36.00% annual, Flat |
Fees | None |
Insurance | None |
Tax | None |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | 39.6% - 70.8% |
Fee Component | 0 |
Insurance Component | 0 |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 70.8% |
Transparency Index (min/max) | 51 - 91 |
Transparency Index (average) | 50 |
8,026 |
UGX 100,000 - 10,000,000 |
3 - 12 |
Credit Educ, Group Mtgs, Business Training |
36.00% annual, Flat |
2.00% upfront |
1.25% upfront |
None |
15.00% upfront |
32.8% - 59.5% |
3.4% - 12.3% |
2.0% - 7.6% |
0 |
70.4% - 73.5% |
40 - 60 |
49 |
Outstanding portfolio (GHS) | GHS 479,426 |
Portfolio (USD) | USD 243,363.45 |
Active Clients with Loans | 4,848 |
Approximate % Female Clients | 100% |
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 | |
Workplace visits | |
Business training | |
Other training | x |
Other | Training in health, nutrition, sanitation, breast-feeding, and malaria prevention. |
Other (2) | |
No other services |
Men | |
Women | x |
Must run a business | |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | 2 |
# Regions for this product | 2 |
Regions Active | Northern Region, Upper East Region |
Outstanding portfolio (UGX) | UGX 4,300,994,829 |
Portfolio (USD) | USD 1,720,398 |
Active Clients with Loans | 8,026 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 0% - 20% |
Individual | x |
Solidarity group | |
Village banking | x |
Self help group | |
Other |
Any purpose | x |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | Related to Agriculture |
Other (2) |
Credit education | x |
Group meetings | x |
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 | 3 |
# Regions for this product | 3 |
Regions Active | Central, Eastern, Northern |
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 | 4.0 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 | x |
Irregular payments |
Currency | UGX |
Minimum loan size | UGX 100,000 |
Maximum loan size | 10,000,000 |
Loans less than UGX 1,000,000 | 20% |
UGX 1,000,000-5,000,000 | 20% |
UGX 5,000,000-7,500,000 | 20% |
UGX 7,500,000-10,000,000 | 20% |
UGX 10,000,000-13,000,000 | 20% |
Greater than UGX 13,000,000 | 20% |
Shortest loan term | 3.0 months |
Longest loan term | 12.0 months |
Approx average | 6.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 30% |
Between 7 and 9 months | 40% |
Between 10 and 12 months | 30% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 100% |
Average grace period | 2.0 months |
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 | 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 |
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 | Administration Fee |
% 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? | Yes |
Ins 1 | |
---|---|
Description | Credit Life Insurance |
% of loan amount - min | 1.25% |
% of loan amount - max | 1.25% |
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 | 15.00% |
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 250 | GHS 300 | GHS 600 | GHS 700 | |||
Loan Cycle (1, 2, 3, etc) | 6 | 6 | 6 | 5 | |||
Disbursement Date | 2013-01-18 | 2013-01-18 | 2013-01-18 | 2013-01-18 | |||
Loan Term (Months) | 3.7 months | 3.7 months | 3.7 months | 3.7 months | |||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||
Total Cost of Credit | GHS 30 | GHS 36 | GHS 72 | GHS 84 | |||
True Price by Comp | |||||||
Interest price component | 70.8% | 70.8% | 70.8% | 70.8% | |||
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 | 0.0% | 0.0% | 0.0% | 0.0% | |||
Full APR (int fee ins tax dep) | 70.8% | 70.8% | 70.8% | 70.8% | |||
Transparency Index | 51 | 51 | 51 | 51 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | UGX 300,000 | UGX 700,000 | UGX 1,500,000 | UGX 3,000,000 | UGX 9,500,000 | ||||
Loan Cycle (1, 2, 3, etc) | 2 | 2 | 5 | 4 | 4 | ||||
Disbursement Date | 2012-05-25 | 2012-04-10 | 2012-09-21 | 2012-07-12 | 2012-06-15 | ||||
Loan Term (Months) | 10.0 months | 12.0 months | 12.0 months | 12.0 months | 12.0 months | ||||
Grace Period (Months) | 3.1 months | 3.3 months | 3.0 months | 3.1 months | 3.1 months | ||||
Total Cost of Credit | UGX 99,750 | UGX 274,750 | UGX 588,750 | UGX 1,177,500 | UGX 3,728,750 | ||||
True Price by Comp | |||||||||
Interest price component | 50.9% | 50.6% | 52.6% | 52.3% | 52.3% | ||||
Fee Component | 4.0% | 3.4% | 3.6% | 3.5% | 3.5% | ||||
Insurance Component | 2.6% | 2.2% | 2.2% | 2.3% | 2.3% | ||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Deposit Component | 14.5% | 14.2% | 15.1% | 14.9% | 14.9% | ||||
Full APR (int fee ins tax dep) | 72.0% | 70.4% | 73.5% | 73.0% | 73.0% | ||||
Transparency Index | 50 | 51 | 49 | 49 | 49 | ||||
Original Repayment Schedule | |||||||||
MFT Pricing Calculation |
Key Statistics | |
---|---|
# 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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By Country | ||||||
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From 0 to | ||||||
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