2. FFO
Please note that the information you are viewing is 113 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. Urwego

Institution

Farmers Friend Organization 29-A Civil Lines, Opposite Mezan Bank, Sargodha RoadSheikhupura, Punjab39350
Data approved: 2015-05-12
Data version: 2
Age of data: 113 months
Choose version

Institution

Urwego Opportunity Bank Plot 1230 NyarugengeAvenue de la PaixKigaliPO Box 748
Data approved: 2012-09-27
Data version: 2
Age of data: -   months 
Choose version

Product

Principle Loan Product 1 of 3 « Prev | Next »

Product

Advanced Community Banking Product 1 of 4 « Prev | Next »

Product Summary

Number borrowers12,289
Loan Amount (range)PKR 15,000 - 75,000
Loan Term (range)12 - 18
Other Services (text summary)Group Mtgs, Credit Ins
Annual Interest & Method16.0%-20.0% annual, Flat
Fees5.00% upfront
InsuranceNone
TaxNone
Comp DepN/A
Range of pricing 
Interest Price Component34.4% - 34.6%
Fee Component10.0%
Insurance Component0
Tax Component Range0
Full APR (int fee ins tax dep)44.4% - 44.6%
Transparency Index (min/max)36 - 41
Transparency Index (average)36

Product Summary

7,933
RWF 250,000 - 3,000,000
4 - 12
Credit Educ, Group Mtgs, Credit Ins, Business Training
30.0% annual, Flat
1.00% upfront
0.80% upfront
18.00% fees
10.0% upfront 10.00% ongoing
 
19.8% - 51.7%
2.0% - 5.7%
0.3% - 4.5%
0.4% - 1.9%
70.6% - 72.9%
32 - 80
41

Product Details

Key Statistics
Outstanding portfolio (PKR)PKR 190,257,564
Portfolio (USD)USD 1,868,329.28
Active Clients with Loans12,289
Approximate % Female Clients80% - 100%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Principal Loan Product is available for clients in groups of 3-5 members; for both males and females.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetingsx
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other servicesx
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age groupx
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution1
# Regions for this product1
Regions ActivePunjab

Product Details

Key Statistics
Outstanding portfolio (RWF)RWF 5,202,031,666
Portfolio (USD)USD 8,128,174.48
Active Clients with Loans7,933
Approximate % Female Clients80% - 100%
Approximate % Urban Clients40% - 60%
Methodology
Individual
Solidarity group
Village bankingx
Self help group
Other
Description
Group members 10 to 30 individuals, group members must have a business; member co guarantee each other (social guarantee)
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household financex
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visits
Business trainingx
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution22
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyPKR
Minimum loan sizePKR 15,000
Maximum loan size75,000
Distribution at Disbursement (Est.)
Loans less than PKR 10,0000
PKR 10,000-25,00060%
PKR 25,000-50,00030%
PKR 50,000-75,00010%
PKR 75,000-150,0000
Greater than PKR 150,0000
Loan Term and Grace Period
Shortest loan term12.0 months
Longest loan term18.0 months
Approx average12.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months100%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace periodDK
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyRWF
Minimum loan sizeRWF 250,000
Maximum loan size3,000,000
Distribution at Disbursement (Est.)
Loans less than RWF 500,00020%
RWF 500,000-1,500,00030%
RWF 1,500,000-2,500,00030%
RWF 2,500,000-3,500,00020%
RWF 3,500,000-4,500,0000
Greater than RWF 4,500,0000
Loan Term and Grace Period
Shortest loan term4.0 months
Longest loan term12.0 months
Approx averageDK
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months50%
Between 7 and 9 months20%
Between 10 and 12 months30%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage100%
Average grace period0.3 months
Repayment Frequency
Daily
Weeklyx
Every 2 weeksx
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest16.00%
Highest quoted nominal interest20.00%
Reason(s) why interest rate variesTime as Client, Loan Size
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionLoan Processing Fee
% of loan amount - min5.00%
% of loan amount - max5.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Pricing Information

Interest
Lowest quoted nominal interest2.50%
Highest quoted nominal interest2.50%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionLoan Processing Fee
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationExcluding VAT
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionCredit Life Insurance Premium
% of loan amount - min0.80%
% of loan amount - max0.80%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationExcluding VAT
Appears on Repayment Sched?Yes
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?Yes
Do borrowers control deposit in their group?Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited10.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited10.00%
or, Fixed-amount deposited0
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid5.00%
Maximum interest rate paid5.00%
Interest payment frequencyMonthly
Taxes
Are taxes charged on this product?Yes
Percentage of fees18%
All or some fees taxedAll

Full Pricing Data

Principle 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
PKR 30,000 Real 2015-03-10 12.0 months N/A PKR 7,500 44.4% 34.4% 10.0% 0.0% 0.0% 0.0% 36 PDF PDF
PKR 30,000 Generated 2015-06-01 12.0 months N/A PKR 7,516.44 44.6% 34.6% 10.0% 0.0% 0.0% 0.0% 36 - PDF
PKR 20,000 Real 2015-04-05 12.0 months N/A PKR 5,000 44.5% 34.5% 10.0% 0.0% 0.0% 0.0% 36 PDF PDF
PKR 20,000 Generated 2015-06-01 12.0 months N/A PKR 5,010.96 44.6% 34.6% 10.0% 0.0% 0.0% 0.0% 36 - PDF
PKR 15,000 Generated 2015-06-01 12.0 months N/A PKR 3,758.22 44.6% 34.6% 10.0% 0.0% 0.0% 0.0% 36 - PDF
PKR 18,000 Generated 2015-06-01 12.0 months N/A PKR 4,509.86 44.6% 34.6% 10.0% 0.0% 0.0% 0.0% 36 - PDF
PKR 23,000 Generated 2015-06-01 12.0 months N/A PKR 5,762.60 44.6% 34.6% 10.0% 0.0% 0.0% 0.0% 36 - PDF
PKR 30,000 Generated 2015-06-01 12.0 months N/A PKR 7,516.44 44.6% 34.6% 10.0% 0.0% 0.0% 0.0% 36 - PDF
PKR 40,000 Generated 2015-06-01 12.0 months N/A PKR 10,021.92 44.6% 34.6% 10.0% 0.0% 0.0% 0.0% 36 - PDF
PKR 60,000 Generated 2015-06-01 12.0 months N/A PKR 15,032.88 44.6% 34.6% 10.0% 0.0% 0.0% 0.0% 36 - PDF

Full Pricing Data

Advanced Community Banking samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountRWF 250,000RWF 500,000RWF 980,000RWF 2,000,000RWF 3,000,000
Loan Cycle (1, 2, 3, etc)16566
Disbursement Date2012-09-202012-09-202012-09-172012-09-132012-09-13
Loan Term (Months)6.0 months6.0 months8.0 months8.0 months12.0 months
Grace Period (Months)0.9 months0.9 months0.9 months0.9 months0.9 months
Total Cost of CreditRWF 42,653RWF 85,295RWF 212,286.20RWF 433,219RWF 960,513
True Price by Comp         
Interest price component49.2%49.2%50.1%50.1%50.7%
Fee Component3.6%3.6%2.9%2.9%2.0%
Insurance Component2.9%2.9%2.3%2.3%1.7%
Tax Component1.2%1.2%1.0%1.0%0.6%
Deposit Component16.0%16.0%16.0%16.0%15.6%
Full APR (int fee ins tax dep)72.9%72.9%72.3%72.3%70.6%
Transparency Index4141414143
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF
Principle Loan Price Graphs


Click to view Price Analysis Tool
Advanced Community Banking Price Graphs


Click to view Price Analysis Tool
Caps / Zoom options
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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
Loading...
X Axis
Greater than:
Less or equal to:
N (# of Samples)
Total Borrrowers of Samples
Avg
Min
Max
Std Dev
By Inst Type
By Country

Total Borrowers of Samples

X Axis
Greater than:
Less or equal to:
From 0 to
to
to
to ∞