Number borrowers | 7,428 |
Loan Amount (range) | GHS 130 - 10,000 |
Loan Term (range) | 6 - 9 |
Other Services (text summary) | Credit Educ, Credit Ins |
Annual Interest & Method | 36.0% annual, Flat |
Fees | 3.50% upfront 3.00 upfront |
Insurance | 1.00% ongoing |
Tax | None |
Comp Dep | 10.0% upfront |
Range of pricing | |
Interest Price Component | 33.9% - 69.6% |
Fee Component | 2.9% - 24.0% |
Insurance Component | 0.5% - 4.4% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 47.0% - 78.8% |
Transparency Index (min/max) | 31 - 88 |
Transparency Index (average) | 61 |
2,940 |
UGX 500,000 - 10,000,000 |
3 - 12 |
Credit Educ, Group Mtgs, Business Training |
36.00% annual, Flat |
2.00% upfront |
1.00% upfront |
None |
15.00% upfront |
32.8% - 59.5% |
3.4% - 12.3% |
2.0% - 7.6% |
0 |
81.1% - 86.1% |
40 - 60 |
42 |
Outstanding portfolio (GHS) | GHS 2,448,297 |
Portfolio (USD) | USD 1,242,790.36 |
Active Clients with Loans | 7,428 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 0% - 20% |
Individual | |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | Farming |
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 | |
Must be specific age group | x |
Other | Farmers |
Other (2) |
# Regions for this institution | 6 |
# Regions for this product | 5 |
Regions Active | Greater Accra Region, Central Region, Western Region, Eastern Region, Ashanti Region |
Outstanding portfolio (UGX) | UGX 3,046,522,739 |
Portfolio (USD) | USD 1,218,609 |
Active Clients with Loans | 2,940 |
Approximate % Female Clients | 40% - 60% |
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 | |
Other | |
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 130 |
Maximum loan size | 10,000 |
Loans less than GHS 1,000 | 90% |
GHS 1,000-5,000 | 10% |
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 | 9.0 months |
Approx average | 7.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 10% |
Between 7 and 9 months | 90% |
Between 10 and 12 months | 0 |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 100% |
Average grace period | 6.0 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 |
Currency | UGX |
Minimum loan size | UGX 500,000 |
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 | 0 |
Average grace period | 0 |
Daily | |
Weekly | x |
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 |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Processing Fee | Application Fee | |
% of loan amount - min | 3.50% | 0 | |
% of loan amount - max | 3.50% | 0 | |
OR, Fixed amount - min | 0 | 3 | |
Fixed amount - max | 0 | 3 | |
Reason for variation | N/A | N/A | |
Appears on Repayment Sched? | No | No |
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 | 1% of total loan amount, divided and charged equally throughout loan term. |
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 | 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 | 3.00% |
Interest payment frequency | End Term |
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? | No |
Ins 1 | |
---|---|
Description | Credit Life Insurance |
% 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 | 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 | Sample 5 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | GHS 297 | GHS 750 | GHS 1,530 | GHS 3,000 | GHS 5,600 | ||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
Disbursement Date | 2012-05-04 | 2012-12-21 | 2012-05-31 | 2012-10-02 | 2012-10-12 | ||||
Loan Term (Months) | 10.0 months | 4.9 months | 9.0 months | 10.0 months | 5.8 months | ||||
Grace Period (Months) | 5.6 months | 2.0 months | 4.7 months | 0.4 months | 2.9 months | ||||
Total Cost of Credit | GHS 92.10 | GHS 145.50 | GHS 424.41 | GHS 1,071.20 | GHS 1,227.81 | ||||
True Price by Comp | |||||||||
Interest price component | 33.9% | 41.5% | 34.8% | 57.3% | 40.1% | ||||
Fee Component | 6.9% | 12.3% | 6.4% | 8.1% | 9.1% | ||||
Insurance Component | 1.2% | 2.7% | 1.3% | 1.7% | 2.2% | ||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Deposit Component | 5.0% | 7.3% | 5.2% | 11.7% | 6.3% | ||||
Full APR (int fee ins tax dep) | 47.0% | 63.8% | 47.7% | 78.8% | 57.7% | ||||
Transparency Index | 77 | 56 | 75 | 46 | 62 | ||||
Original Repayment Schedule | |||||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | UGX 800,000 | UGX 1,500,000 | UGX 3,000,000 | UGX 6,000,000 | UGX 9,000,000 | ||||
Loan Cycle (1, 2, 3, etc) | 3 | 1 | 1 | 1 | 1 | ||||
Disbursement Date | 2012-08-09 | 2012-08-02 | 2012-09-10 | 2012-04-30 | 2012-07-19 | ||||
Loan Term (Months) | 10.0 months | 10.0 months | 12.0 months | 12.0 months | 12.0 months | ||||
Grace Period (Months) | 1.1 months | 1.1 months | 1.0 month | 1.2 months | 1.1 months | ||||
Total Cost of Credit | UGX 264,000 | UGX 495,000 | UGX 1,170,000 | UGX 2,340,000 | UGX 3,510,000 | ||||
True Price by Comp | |||||||||
Interest price component | 59.1% | 59.1% | 59.5% | 57.0% | 59.1% | ||||
Fee Component | 4.8% | 4.8% | 4.1% | 4.0% | 4.1% | ||||
Insurance Component | 2.4% | 2.4% | 2.1% | 2.0% | 2.1% | ||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Deposit Component | 19.8% | 19.8% | 19.3% | 18.1% | 19.1% | ||||
Full APR (int fee ins tax dep) | 86.1% | 86.1% | 85.0% | 81.1% | 84.4% | ||||
Transparency Index | 42 | 42 | 42 | 44 | 43 | ||||
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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