| Outstanding portfolio (UGX) | UGX 109,752,000,000 |
| Portfolio (USD) | USD 42,212,308 |
| Active Clients with Loans | 49,036 |
| Approximate % Female Clients | 20% - 40% |
| Approximate % Urban Clients | 40% - 60% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | x |
| Income generation | |
| 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 | |
| Must own a home or land | |
| Must be a salaried worker | x |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | 4 |
| # Regions for this product | 4 |
| Regions Active | Central, Eastern, Northern, Western |
| Currency | UGX |
| Minimum loan size | UGX 100,000 |
| Maximum loan size | 250,000,000 |
| 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 | 48.0 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 | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 1.58% |
| Highest quoted nominal interest | 2.33% |
| Reason(s) why interest rate varies | Client Risk |
| Interest rate period | Monthly |
| 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 | 10,000 | |
| Fixed amount - max | 0 | 10,000 | |
| Reason for variation | N/A | N/A | |
| Appears on Repayment Sched? | No | Yes |
| Ins 1 | |
|---|---|
| Description | Loan Protection Insurance |
| % 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 |
| 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 |
| Sample 2 | Sample 4 | Sample 6 | |||
|---|---|---|---|---|---|
| Loan Amount | UGX 880,000 | UGX 3,600,000 | UGX 32,000,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2013-01-04 | 2013-03-05 | 2013-03-06 | ||
| Loan Term (Months) | 12.0 months | 49.0 months | 50.0 months | ||
| Grace Period (Months) | -0.1 months | 0.0 months | 0.9 months | ||
| Total Cost of Credit | UGX 172,187 | UGX 2,540,464 | UGX 22,730,000 | ||
| True Price by Comp | |||||
| Interest price component | 27.6% | 27.6% | 26.8% | ||
| Fee Component | 6.4% | 1.4% | 1.1% | ||
| Insurance Component | 2.0% | 0.6% | 0.6% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 0.0% | 0.0% | 0.0% | ||
| Full APR (int fee ins tax dep) | 36.0% | 29.6% | 28.5% | ||
| Transparency Index | 53 | 64 | 66 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Institution Type | RurBank |
| Is this institution regulated? | Yes |
| Website address | http://www.cantilanbank.com/ |
| Year established | 1980 |
| Head of Institution | William K. Hotchkiss III (Ret.) |
| Regions active | |
| # Branches | 14 |
| Total Portfolio (nat'l) | PhP 84,060,000 |
| Total Portfolio (USD) | USD 2,011,004.79 |
| Active clients with loans | 8,113 |
| Approximate % female clients | 60% - 80% |
| Approximate % urban clients | 60% - 80% |
| Network affiliations | MCPI, RBAP, MABS, MMC |
| Funders | PCFC, NLDC, Landbank, CARBAF |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HOME - Housing Microfinance for Entrepeneurs | PHP 7,000 - 150,000 | 6 - 12 | 60% - 80% | 60% - 80% | Housing | Women, Men, Have business, Specific age group | Credit Ins, Business Training | |||||||
| KITA - Kita Insakto Tipon Asenso | PHP 3,000 - 150,000 | 3 - 12 | 60% - 80% | 40% - 60% | Business | Women, Men, Have business, Have home or land, Specific age group | Credit Educ, Business Training | |||||||
| MAKITA - Magkahupong Kita Alang Sa Tanan | PHP 3,000 - 25,000 | 6 - 12 | 60% - 80% | 40% - 60% | Business | Women, Men, Have business, Have home or land, Specific age group | Group Mtgs, Credit Ins, Business Training | |||||||
| PAG-UMA - Programang Agrikultura Alang Sa Mag-Uma Aron Mo Asenso | PHP 3,000 - 150,000 | 3 - 12 | 20% - 40% | 0% - 20% | Business | Women, Men, Have business, Have home or land, Specific age group | Credit Ins, Business Training | |||||||
| PEL - Pang Eskwela Loan | PHP 2,000 - 6,000 | 6 | 60% - 80% | 60% - 80% | Education | Women, Men, Have business, Have home or land, Specific age group | Credit Ins |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HOME - Housing Microfinance for Entrepeneurs | 36.0% annual, Flat | 1 Fee | 1 Ins | 0.50% loan amt | 100.00 upfront | 63% - 71.3% | 65.1% - 75% | 51 | ||||||||
| KITA - Kita Insakto Tipon Asenso | 24.0%-36.0% annual, Flat | 1 Fee | 1 Ins | None | 100.00 upfront 5.00% ongoing | 77% - 93.8% | 80.9% - 101.7% | 27 | ||||||||
| MAKITA - Magkahupong Kita Alang Sa Tanan | 24.0% annual, Flat | 1 Fee | 1 Ins | 0.50% loan amt | 100.00 upfront 0.74% ongoing | 68.6% | 86.9% - 93.6% | 27 | ||||||||
| PAG-UMA - Programang Agrikultura Alang Sa Mag-Uma Aron Mo Asenso | 30.0%-36.0% annual, Flat | 1 Fee | 1 Ins | None | 100.00 upfront 5.00 ongoing | 59% - 94.4% | 61% - 104.9% | 41 | ||||||||
| PEL - Pang Eskwela Loan | 24.0% annual, Flat | 1 Fee | 1 Ins | 30.00 fixed | 100.00 upfront 3.00% ongoing | 78.4% - 80.9% | 105.4% - 114.1% | 21 |
| Key Statistics | |
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| # Samples: | |
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| # 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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