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Institution
Data approved: 2014-11-19
Data version: 3
Age of data: 117 months
Key Statistics
| Outstanding portfolio (UGX) | UGX 14,057,331,353 |
| Portfolio (USD) | USD 5,567,259.94 |
| Active Clients with Loans | 31,375 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 20% - 40% |
Methodology
| Individual | |
| Solidarity group | |
| Village banking | x |
| Self help group | |
| Other | |
Description
A group of 10-25 neighbours co-guarantee each other. Members get training before receiving loans. Amounts range from 50,000 to 600,000 for first time & up to 6,000,000 for subsequent loans. Borrowers are insured against personal accident.
Loan Purpose
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | x |
| Education | x |
| Other household finance | |
| Other | |
| Other (2) | |
Included Services
| Credit education | x |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services | |
Eligibility
| 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 | |
| Other (2) | |
Portfolio Size by Product
Geographic Coverage
| # Regions for this institution | 5 |
| # Regions for this product | 5 |
| Regions Active | Central, Eastern, Northern, Western, Southern |
Loan Conditions
Loan Amount
| Currency | UGX |
| Minimum loan size | UGX 50,000 |
| Maximum loan size | 10,000,000 |
Distribution at Disbursement (Est.)
| Loans less than UGX 1,000,000 | 40% |
| UGX 1,000,000-5,000,000 | 30% |
| UGX 5,000,000-7,500,000 | 30% |
| UGX 7,500,000-10,000,000 | 0 |
| UGX 10,000,000-13,000,000 | 0 |
| Greater than UGX 13,000,000 | 0 |
Loan Term and Grace Period
| Shortest loan term | 4.0 months |
| Longest loan term | 8.0 months |
| Approx average | 5.0 months |
Distribution at Disbursement (Est.)
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 70% |
| Between 7 and 9 months | 30% |
| Between 10 and 12 months | 0 |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
Grace Period
| Grace period usage | 0 |
| Average grace period | 0 |
Repayment Frequency
| Daily | |
| Weekly | |
| Every 2 weeks | x |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments | |
Pricing Information
Interest
| Lowest quoted nominal interest | 68.80% |
| Highest quoted nominal interest | 68.80% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
Upfront Fees
| Fee 1 |
|---|
| Description | Disbursement Fee |
| % of loan amount - min | 1.00% |
| % of loan amount - max | 2.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | 1% for monthly, 2% for weekly & biweekly loans |
| Appears on Repayment Sched? | No |
Ongoing Fees
This product has no ongoing feesUpfront Insurance Fees
This product has no upfront insurance feesOngoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | No |
| Do borrowers control deposit in their group? | No |
Deposit BEFORE or AT Disbursement
| % loan amount deposited | 10.00% |
| or, Fixed-amount deposited | 0 |
Deposits DURING period payments
| % loan amount deposited | 1.00% |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | Access During |
Interest Paid on Deposit
| Minimum interest rate paid | 3.00% |
| Maximum interest rate paid | 3.00% |
| Interest payment frequency | Monthly |
Taxes
| Are taxes charged on this product? | No |
Additional Comments
The product depends on group solidality as the basic security
Full Pricing Data
FINCA Village Group Loan samples
Loan Amount |
Type of Sample |
Disbursement Date |
Loan Term (Months) |
Grace Period (Months) |
Total Cost of Credit |
Full APR (int fee ins tax dep) |
True Price by Component |
Transparency Index |
Original Repayment Schedule |
MFT Pricing Calculation |
Interest price component |
Fee Component |
Insurance Component |
Tax Component |
Deposit Component |
| UGX 1,000,000 |
Real |
2014-11-13 |
6.0 months |
N/A |
UGX 220,003.33 |
84.3% |
67.4% |
3.6% |
0.0% |
0.0% |
13.3% |
82 |
PDF |
PDF |
| UGX 1,000,000 |
Generated |
2015-02-01 |
6.0 months |
N/A |
UGX 210,745.21 |
84.8% |
67.0% |
3.7% |
0.0% |
0.0% |
14.1% |
81 |
- |
PDF |
| UGX 1,000,000 |
Real |
2014-11-13 |
6.0 months |
N/A |
UGX 220,003.33 |
84.3% |
67.4% |
3.6% |
0.0% |
0.0% |
13.3% |
82 |
PDF |
PDF |
| UGX 1,000,000 |
Generated |
2015-02-01 |
6.0 months |
N/A |
UGX 210,745.21 |
84.8% |
67.0% |
3.7% |
0.0% |
0.0% |
14.1% |
81 |
- |
PDF |
| UGX 350,000 |
Generated |
2015-02-01 |
3.7 months |
N/A |
UGX 48,562.74 |
97.9% |
68.0% |
12.5% |
0.0% |
0.0% |
17.4% |
70 |
- |
PDF |
| UGX 675,000 |
Generated |
2015-02-01 |
5.5 months |
N/A |
UGX 129,281.92 |
94.0% |
68.0% |
8.9% |
0.0% |
0.0% |
17.1% |
73 |
- |
PDF |
| UGX 1,800,000 |
Generated |
2015-02-01 |
6.0 months |
N/A |
UGX 379,341.37 |
84.8% |
67.0% |
3.7% |
0.0% |
0.0% |
14.1% |
81 |
- |
PDF |
| UGX 4,500,000 |
Generated |
2015-02-01 |
8.0 months |
N/A |
UGX 1,208,120.55 |
84.2% |
67.0% |
3.0% |
0.0% |
0.0% |
14.2% |
82 |
- |
PDF |
| UGX 6,000,000 |
Generated |
2015-02-01 |
7.8 months |
N/A |
UGX 1,545,008.22 |
91.3% |
68.0% |
6.7% |
0.0% |
0.0% |
16.6% |
75 |
- |
PDF |
FINCA Village Group Loan Price Graphs
