| Number borrowers | 55,071 |
| Loan Amount (range) | UGX 100,000 - 5,000,000 |
| Loan Term (range) | 3 - 24 |
| Other Services (text summary) | Credit Ins |
| Annual Interest & Method | 29.00%-42.00% annual, Decl Bal |
| Fees | 2 fees |
| Insurance | 0.45% upfront |
| Tax | None |
| Comp Dep | N/A |
| Range of pricing | |
| Interest Price Component | 21.9% - 35.0% |
| Fee Component | 1.1% - 23.6% |
| Insurance Component | 0.4% - 2.0% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 30.9% - 46.4% |
| Transparency Index (min/max) | 53 - 94 |
| Transparency Index (average) | 77 |
| 10,000 |
| PHP 3,000 - 100,000 |
| 6 |
| Group Mtgs, Tech Asst Visits, Business Training, Bookeeping, consultancy, Mortuary Fund/Life Insurance |
| 24.0% annual, Flat |
| 6.00% ongoing |
| 100.00 upfront |
| 0.25% loan amt |
| 4.0% upfront 20.00 ongoing |
| N/A |
| 68.6% (Int+Fee) |
| 0.1% - 14.6% |
| 1.1% - 7.0% |
| 81.7% - 111.2% |
| 22 - 58 |
| 27 |
| Outstanding portfolio (UGX) | UGX 76,020,881,939 |
| Portfolio (USD) | USD 29,238,801 |
| Active Clients with Loans | 55,071 |
| Approximate % Female Clients | 20% - 40% |
| Approximate % Urban Clients | 20% - 40% |
| 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 | |
| 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 | |
| Must be specific age group | x |
| Other | |
| Other (2) |
| # Regions for this institution | 4 |
| # Regions for this product | 4 |
| Regions Active | Central, Eastern, Northern, Western |
| Outstanding portfolio (PHP) | PHP 70,000,000 |
| Portfolio (USD) | USD 1,674,641.15 |
| Active Clients with Loans | 10,000 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 20% - 40% |
| Individual | |
| Solidarity group | x |
| 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 | |
| Group meetings | x |
| Credit insurance | |
| Workplace visits | x |
| Business training | x |
| Other training | |
| Other | Bookeeping, consultancy |
| Other (2) | Mortuary Fund/Life Insurance |
| No other services |
| Men | x |
| Women | x |
| Must run a business | |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | Must have experience running a business |
| Other (2) |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Currency | UGX |
| Minimum loan size | UGX 100,000 |
| Maximum loan size | 5,000,000 |
| Loans less than UGX 1,000,000 | 50% |
| UGX 1,000,000-5,000,000 | 50% |
| UGX 5,000,000-7,500,000 | 0 |
| UGX 7,500,000-10,000,000 | 0 |
| UGX 10,000,000-13,000,000 | 0 |
| Greater than UGX 13,000,000 | 0 |
| Shortest loan term | 3.0 months |
| Longest loan term | 24.0 months |
| Approx average | DK |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 20% |
| Between 7 and 9 months | 20% |
| Between 10 and 12 months | 20% |
| Between 13 and 18 months | 20% |
| Longer than 18 months | 20% |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | x |
| Quarterly | x |
| Every 6 months | x |
| Every 12 months | |
| Single end payment | x |
| Irregular payments |
| Currency | PHP |
| Minimum loan size | PHP 3,000 |
| Maximum loan size | 100,000 |
| Shortest loan term | 6.0 months |
| Longest loan term | 6.0 months |
| Approx average | 6.0 months |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | x |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 29.00% |
| Highest quoted nominal interest | 42.00% |
| Reason(s) why interest rate varies | Time as Client, Interest rates are 42% per annum for new borrowers, 34% p.a for 2nd time borrowers up to the 4th loan cycle and 29% p.a for loans above the forth cycle. |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | Fee 2 | ||
|---|---|---|---|
| Description | Acceptance Commission | Stamp Duty | |
| % of loan amount - min | 2.00% | 0 | |
| % of loan amount - max | 2.00% | 0 | |
| OR, Fixed amount - min | 0 | 69,000 | |
| Fixed amount - max | 0 | 510,000 | |
| Reason for variation | N/A | N/A | |
| Appears on Repayment Sched? | Yes | Yes |
| Ins 1 | |
|---|---|
| Description | Loan Protection Insurance |
| % of loan amount - min | 0.45% |
| % of loan amount - max | 0.45% |
| 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 |
| Lowest quoted nominal interest | 2.00% |
| Highest quoted nominal interest | 2.00% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Service Charge (amortized) |
| % of loan amount - min | 6.00% |
| % of loan amount - max | 6.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | Yes |
| Ins 1 | |
|---|---|
| Description | Mortuary Fund |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 100 |
| Fixed amount - max | 100 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | |
| Do borrowers control deposit in their group? |
| % loan amount deposited | 4.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | PHP 20 |
| Conditions on access to deposit | Access During |
| Minimum interest rate paid | 3.00% |
| Maximum interest rate paid | 3.00% |
| Interest payment frequency | End Term |
| Are taxes charged on this product? | Yes |
| Percentage of fees | 0 |
| All or some fees taxed | N/A |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | UGX 2,500,000 | UGX 4,000,000 | UGX 5,000,000 | UGX 15,000,000 | |||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
| Disbursement Date | 2013-03-20 | 2013-03-20 | 2013-03-13 | 2013-04-17 | |||
| Loan Term (Months) | 23.0 months | 13.0 months | 13.0 months | 24.0 months | |||
| Grace Period (Months) | 0.4 months | 0.4 months | 1.1 months | 0.0 months | |||
| Total Cost of Credit | UGX 815,522 | UGX 1,162,755 | UGX 1,344,040 | UGX 5,425,000 | |||
| True Price by Comp | |||||||
| Interest price component | 27.6% | 21.9% | 35.0% | 29.1% | |||
| Fee Component | 2.7% | 23.6% | 3.7% | 2.3% | |||
| Insurance Component | 0.6% | 0.9% | 0.9% | 0.5% | |||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Full APR (int fee ins tax dep) | 30.9% | 46.4% | 39.6% | 31.9% | |||
| Transparency Index | 94 | 63 | 73 | 91 | |||
| Original Repayment Schedule | |||||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | PHP 3,000 | PHP 6,000 | PHP 15,000 | PHP 28,000 | PHP 60,000 | PHP 90,000 | |||||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
| Disbursement Date | 2011-09-02 | 2011-03-10 | 2011-03-14 | 2011-07-21 | 2011-07-15 | 2011-07-12 | |||||
| Loan Term (Months) | 5.8 months | 5.8 months | 6.0 months | 5.8 months | 5.8 months | 5.8 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 | 68.6% | 68.6% | 68.6% | 68.6% | 68.6% | 68.6% | |||||
| Insurance Component | 14.6% | 7.2% | 2.9% | 1.5% | 0.4% | 0.4% | |||||
| Tax Component | 7.0% | 7.0% | 6.9% | 6.9% | 6.9% | 6.9% | |||||
| Deposit Component | 20.9% | 12.1% | 7.9% | 6.7% | 6.0% | 5.8% | |||||
| Full APR (int fee ins tax dep) | 111.2% | 94.9% | 86.3% | 83.7% | 81.9% | 81.7% | |||||
| Transparency Index | 22 | 25 | 28 | 29 | 29 | 29 | |||||
| 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 |
|---|---|---|---|---|---|---|---|
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