| Number borrowers | 43,209 |
| Loan Amount (range) | INR 6,000 - 18,000 |
| Loan Term (range) | 12 - 14 |
| Other Services (text summary) | Credit Educ, Group Mtgs, Tech Asst Visits |
| Annual Interest & Method | 25.9% annual, Decl Bal |
| Fees | |
| Insurance | None |
| Tax | None |
| Comp Dep | N/A |
| Range of pricing | |
| Interest Price Component | |
| Fee Component | |
| Insurance Component | |
| Tax Component Range | |
| Full APR (int fee ins tax dep) | 0 |
| Transparency Index (min/max) | |
| Transparency Index (average) | N/A |
| 513 |
| UGX 100,000 - 8,000,000 |
| 1 - 24 |
| Credit Ins, Business Training |
| 30.00%-42.00% annual, Flat |
| 1.00% upfront |
| 1.00%-2.00% upfront |
| None |
| 20.00% upfront |
| 48.1% - 52.1% |
| 1.9% - 5.1% |
| 1.9% - 5.2% |
| 0 |
| 74.1% - 83.6% |
| 36 - 40 |
| 37 |
| Outstanding portfolio (INR) | INR 401,868,015 |
| Portfolio (USD) | USD 8,930,400 |
| Active Clients with Loans | 43,209 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 0% - 20% |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | Income Genration |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| Credit insurance | |
| Workplace visits | x |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services |
| Men | |
| Women | x |
| Must run a business | x |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | x |
| Household income <60,000 INR | |
| Household income <120,000 INR | |
| Must live in rural area | |
| Must lives in urban area | |
| Other | 21-55 |
| Other (2) |
| Outstanding portfolio (UGX) | UGX 690,000,000 |
| Portfolio (USD) | USD 276,000 |
| Active Clients with Loans | 513 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 80% - 100% |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | x |
| Consumer loan | x |
| Agriculture | |
| Education | x |
| Other household finance | x |
| Other | |
| Other (2) |
| Credit education | |
| Group meetings | |
| Credit insurance | x |
| 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) |
| Currency | INR |
| Minimum loan size | INR 6,000 |
| Maximum loan size | 18,000 |
| Shortest loan term | 12.0 months |
| Longest loan term | 14.0 months |
| Approx average | 14.0 months |
| Loans 3 months or less | N/A |
| Between 4 and 6 months | N/A |
| Between 7 and 9 months | N/A |
| Between 10 and 12 months | N/A |
| Between 13 and 18 months | N/A |
| Longer than 18 months | N/A |
| 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 | 8,000,000 |
| 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 | 10% |
| Greater than UGX 13,000,000 | 10% |
| Shortest loan term | 1.0 month |
| Longest loan term | 24.0 months |
| Approx average | 6.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 50% |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 10% |
| Between 13 and 18 months | 40% |
| 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 | 25.90% |
| Highest quoted nominal interest | 25.90% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | N/A |
| Is rate fixed for entire loan term | Yes |
| Ins 1 | Ins 2 | ||
|---|---|---|---|
| Description | Processing fees and Insurance fees | 1% of loan disbursed where both the borrower as well as guarantors are covered. The fees is entirely paid to insurance company as insurance premium and the company doesnot retain any administrative fees | |
| % of loan amount - min | 1.00% | 1.00% | |
| % of loan amount - max | 1.00% | 1.00% | |
| OR, Fixed amount - min | 0 | 0 | |
| Fixed amount - max | 0 | 0 | |
| Reason for variation | |||
| Appears on Repayment Sched? | Yes | 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 | 2.50% |
| Highest quoted nominal interest | 3.50% |
| Reason(s) why interest rate varies | Loan Size |
| 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 | Loan Processing 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 | N/A |
| Appears on Repayment Sched? | No |
| Ins 1 | |
|---|---|
| Description | Loan Protection Fund |
| % 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% on loans <1 year & 2% on loans >1 year |
| 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 | 20.00% |
| 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 | 2.50% |
| Maximum interest rate paid | 2.50% |
| Interest payment frequency | Monthly |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | UGX 300,000 | UGX 800,000 | UGX 1,500,000 | UGX 3,000,000 | UGX 6,000,000 | ||||
| Loan Cycle (1, 2, 3, etc) | 2 | 1 | 12 | 2 | 1 | ||||
| Disbursement Date | 2012-01-11 | 2012-05-22 | 2012-04-10 | 2012-05-08 | 2012-08-20 | ||||
| Loan Term (Months) | 3.8 months | 6.0 months | 10.0 months | 12.0 months | 12.0 months | ||||
| Grace Period (Months) | 0.0 months | 0.0 months | -0.2 months | 0.2 months | 0.3 months | ||||
| Total Cost of Credit | UGX 36,000 | UGX 136,000 | UGX 405,000 | UGX 960,000 | UGX 1,920,000 | ||||
| True Price by Comp | |||||||||
| Interest price component | 48.1% | 48.4% | 52.1% | 49.1% | 48.2% | ||||
| Fee Component | 5.1% | 3.5% | 2.4% | 2.0% | 1.9% | ||||
| Insurance Component | 5.2% | 3.6% | 2.5% | 2.0% | 1.9% | ||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Deposit Component | 24.2% | 25.3% | 26.6% | 22.9% | 22.0% | ||||
| Full APR (int fee ins tax dep) | 82.6% | 80.8% | 83.6% | 76.0% | 74.1% | ||||
| Transparency Index | 36 | 37 | 36 | 39 | 40 | ||||
| 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 |
|---|---|---|---|---|---|---|---|
