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Institution
Data approved: 2012-10-04
Data version: 2
Age of data: 148 months
Description
For both animal and crop production. Financing of farming inputs, working capital, farm implents, agricultural asset financing, feeds, infrastracture, purchase of bee hives, catch-nets, smokers and harvesters
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)
Portfolio Size by Product
Geographic Coverage
# Regions for this institution 3 # Regions for this product 3 Regions Active Central, Eastern, Northern
Loan Conditions
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
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
Pricing Information
Interest
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
Upfront Fees 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
Ongoing Fees This product has no ongoing fees Upfront Insurance Fees 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
Ongoing Insurance Fees This product has no ongoing insurance fees
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 15.00% or, Fixed-amount deposited 0
Deposits DURING period payments
% loan amount deposited 0 or, Fixed-amount deposited 0 Conditions on access to deposit Final Pmt
Interest Paid on Deposit
Minimum interest rate paid 0 Maximum interest rate paid 0 Interest payment frequency N/A
Taxes
Are taxes charged on this product? No
Full Pricing Data
Farmer's Pride Agricultural Loan sample s
Sample 1Sample 2Sample 3Sample 4Sample 5Loan 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 PDF PDF PDF PDF PDF MFT Pricing Calculation PDF PDF PDF PDF PDF
Farmer's Pride Agricultural Loan Price Graphs
0 100 Pricing Transparency Index Regulated Inst. Not Regulated Inst. NGO Institution Type Multiple Loan Purpose VF Uganda Institution UG-013-V02-P02 Product UG Country 2012 Year Range Number 2 Institution Data Version 0 2,000,000 4,000,000 6,000,000 8,000,000 10,000,000 Loan Size (all) 0% 20% 40% 60% 80% Full APR (int fee ins tax dep) > 1,600 1,200 800 400 40 Number of Borrowers
