Number borrowers | 39,801 |
Loan Amount (range) | GHS 100 - 8,000 |
Loan Term (range) | 3 - 12 |
Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training |
Annual Interest & Method | 41.0% annual, Flat |
Fees | 3.50% upfront 3.00 upfront |
Insurance | 1.00% ongoing |
Tax | None |
Comp Dep | 15.0% 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) | 103.0% - 123.9% |
Transparency Index (min/max) | 31 - 88 |
Transparency Index (average) | 36 |
1,369 |
UGX 500,000 - 15,000,000 |
4 - 10 |
Credit Educ, Credit Ins |
48.00% annual, Flat |
2 fees |
1.00% upfront |
None |
N/A |
N/A |
89.5% - 96.4% (Int+Fee) |
0 - 6.9% |
0 |
92.3% - 100.6% |
38 - 58 |
49 |
Outstanding portfolio (GHS) | GHS 21,719,748 |
Portfolio (USD) | USD 11,025,252.79 |
Active Clients with Loans | 39,801 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 40% - 60% |
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 | x |
Workplace visits | x |
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 | 6 |
# Regions for this product | 6 |
Regions Active | Greater Accra Region, Central Region, Western Region, Eastern Region, Ashanti Region, Brong Ahafo Region |
Outstanding portfolio (UGX) | UGX 1,399,203,000 |
Portfolio (USD) | USD 559,681 |
Active Clients with Loans | 1,369 |
Approximate % Female Clients | 40% - 60% |
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 | 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 | x |
Must own a home or land | |
Must be a salaried worker | x |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | 1 |
# Regions for this product | 1 |
Regions Active | Central |
Currency | GHS |
Minimum loan size | GHS 100 |
Maximum loan size | 8,000 |
Loans less than GHS 1,000 | 60% |
GHS 1,000-5,000 | 40% |
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 | 12.0 months |
Approx average | 6.0 months |
Loans 3 months or less | 20% |
Between 4 and 6 months | 20% |
Between 7 and 9 months | 50% |
Between 10 and 12 months | 10% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 100% |
Average grace period | 0.5 months |
Daily | |
Weekly | x |
Every 2 weeks | x |
Every 4 weeks | x |
Monthly | |
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 | 15,000,000 |
Loans less than UGX 1,000,000 | 20% |
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 | 4.0 months |
Longest loan term | 10.0 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 | |
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 | 41.04% |
Highest quoted nominal interest | 41.04% |
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 | 15.00% |
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 | 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 | Fee 2 | ||
---|---|---|---|
Description | Application Fee | Commission, Stamp Duty & Bank Charges | |
% of loan amount - min | 1.00% | 3.00% | |
% of loan amount - max | 1.00% | 3.33% | |
OR, Fixed amount - min | 0 | 0 | |
Fixed amount - max | 0 | 0 | |
Reason for variation | 1% or 10,000 | Commission(2%), Stamp Duty (5000-1%), Bank Charges (0.33% or 5000) | |
Appears on Repayment Sched? | No | 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 | 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 | Sample 5 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | GHS 250 | GHS 800 | GHS 1,400 | GHS 3,000 | GHS 2,700 | ||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
Disbursement Date | 2012-12-24 | 2012-11-01 | 2012-12-19 | 2012-10-08 | 2012-10-24 | ||||
Loan Term (Months) | 4.3 months | 6.0 months | 5.8 months | 7.0 months | 6.0 months | ||||
Grace Period (Months) | 0.5 months | 0.5 months | 0.1 months | 0.5 months | 0.5 months | ||||
Total Cost of Credit | GHS 50.73 | GHS 205.56 | GHS 349.74 | GHS 863.20 | GHS 683.94 | ||||
True Price by Comp | |||||||||
Interest price component | 66.7% | 69.6% | 64.1% | 69.0% | 69.2% | ||||
Fee Component | 24.0% | 15.0% | 13.4% | 12.1% | 14.0% | ||||
Insurance Component | 4.4% | 3.1% | 3.0% | 2.7% | 3.1% | ||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Deposit Component | 28.8% | 27.1% | 22.5% | 25.4% | 26.6% | ||||
Full APR (int fee ins tax dep) | 123.9% | 114.8% | 103.0% | 109.2% | 112.9% | ||||
Transparency Index | 33 | 36 | 40 | 38 | 36 | ||||
Original Repayment Schedule | |||||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | UGX 700,000 | UGX 1,500,000 | UGX 3,000,000 | UGX 6,000,000 | UGX 8,000,000 | UGX 12,000,000 | |||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | 0 | 0 | |||||
Disbursement Date | 2010-11-20 | 2010-11-09 | 2010-11-09 | 2010-11-29 | 2010-11-15 | 2010-11-20 | |||||
Loan Term (Months) | 6.0 months | 6.0 months | 6.0 months | 10.0 months | 8.0 months | 3.0 months | |||||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||||
Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
True Price by Comp | |||||||||||
Interest and Fee Component | 96.4% | 93.3% | 92.6% | 89.5% | 90.6% | 92.9% | |||||
Insurance Component | 4.2% | 4.1% | 4.1% | 2.8% | 3.3% | 6.9% | |||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Full APR (int fee ins tax dep) | 100.6% | 97.4% | 96.7% | 92.3% | 93.9% | 99.8% | |||||
Transparency Index | 48 | 49 | 50 | 52 | 51 | 48 | |||||
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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