| Number borrowers | 2,540 |
| Loan Amount (range) | UGX 100,000 - 15,000,000 |
| Loan Term (range) | 4 - 12 |
| Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training |
| Annual Interest & Method | 36.00% annual, Decl Bal |
| Fees | 1.00% upfront |
| Insurance | 1.00% upfront |
| Tax | None |
| Comp Dep | 10.00% upfront |
| Range of pricing | |
| Interest Price Component | 35.3% - 41.1% |
| Fee Component | 3.4% - 6.0% |
| Insurance Component | 1.9% - 3.3% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 50.2% - 50.3% |
| Transparency Index (min/max) | 61 - 72 |
| Transparency Index (average) | 71 |
| 5,591 |
| PHP 15,000 - 100,000 |
| 18 - 60 |
| Credit Ins |
| 14.4%-18.0% annual, Flat |
| 5.00% upfront |
| 3.16% upfront 240.00-1,200.00 upfront |
| None |
| N/A |
| N/A |
| 35.3% - 40.6% (Int+Fee) |
| 0 - 13.8% |
| 0 |
| 36.7% - 45.6% |
| 32 - 95 |
| 37 |
| Outstanding portfolio (UGX) | UGX 2,569,365,740 |
| Portfolio (USD) | USD 1,027,746 |
| Active Clients with Loans | 2,540 |
| Approximate % Female Clients | 20% - 40% |
| Approximate % Urban Clients | 60% - 80% |
| Individual | x |
| Solidarity group | x |
| Village banking | x |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | x |
| 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 | x |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | 1 |
| # Regions for this product | 1 |
| Regions Active | Western |
| Outstanding portfolio (PHP) | PHP 90,071,216.34 |
| Portfolio (USD) | USD 2,154,813.79 |
| Active Clients with Loans | 5,591 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 80% - 100% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | |
| Mortgage/housing | x |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | Sanitation |
| 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 | |
| Other | Must have proof of right to construct house |
| 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 | 15,000,000 |
| Loans less than UGX 1,000,000 | 15% |
| UGX 1,000,000-5,000,000 | 15% |
| UGX 5,000,000-7,500,000 | 20% |
| UGX 7,500,000-10,000,000 | 20% |
| UGX 10,000,000-13,000,000 | 15% |
| Greater than UGX 13,000,000 | 15% |
| Shortest loan term | 4.0 months |
| Longest loan term | 12.0 months |
| Approx average | 8.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 10% |
| Between 7 and 9 months | 10% |
| Between 10 and 12 months | 80% |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| Grace period usage | 100% |
| Average grace period | 3.0 months |
| Daily | |
| Weekly | |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | x |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Currency | PHP |
| Minimum loan size | PHP 15,000 |
| Maximum loan size | 100,000 |
| Shortest loan term | 18.0 months |
| Longest loan term | 60.0 months |
| Approx average | 0 |
| 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 | 3.00% |
| Highest quoted nominal interest | 3.00% |
| 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 | |
|---|---|
| Description | Loan Commitment 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 | 1.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| 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 | 10.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | End Term |
| Minimum interest rate paid | 6.00% |
| Maximum interest rate paid | 6.00% |
| Interest payment frequency | Monthly |
| Are taxes charged on this product? | No |
| Lowest quoted nominal interest | 1.20% |
| Highest quoted nominal interest | 1.50% |
| Reason(s) why interest rate varies | Each on time amortization is eligible for the 20% interest rate discount |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Administration Fee |
| % of loan amount - min | 5.00% |
| % of loan amount - max | 5.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | |
| Appears on Repayment Sched? | No |
| Ins 1 | Ins 2 | ||
|---|---|---|---|
| Description | Mortgage Redemption Insurance | Life Insurance | |
| % of loan amount - min | 3.16% | 0 | |
| % of loan amount - max | 3.16% | 0 | |
| OR, Fixed amount - min | 0 | 240 | |
| Fixed amount - max | 0 | 1,200 | |
| Reason for variation | N/A | N/A | |
| Appears on Repayment Sched? | No | 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 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | UGX 700,000 | UGX 1,600,000 | UGX 3,000,000 | UGX 5,800,000 | UGX 9,000,000 | UGX 10,000,000 | |||||
| Loan Cycle (1, 2, 3, etc) | 3 | 8 | 2 | 12 | 8 | 8 | |||||
| Disbursement Date | 2012-07-20 | 2012-08-02 | 2012-07-21 | 2012-07-12 | 2012-07-03 | 2012-07-04 | |||||
| Loan Term (Months) | 12.0 months | 12.0 months | 12.0 months | 12.0 months | 12.0 months | 12.0 months | |||||
| Grace Period (Months) | 1.0 month | 1.1 months | 1.0 month | 1.1 months | 1.0 month | 1.0 month | |||||
| Total Cost of Credit | UGX 157,500 | UGX 360,000 | UGX 675,000 | UGX 1,305,000 | UGX 2,025,000 | UGX 2,250,000 | |||||
| True Price by Comp | |||||||||||
| Interest price component | 35.3% | 35.4% | 35.3% | 35.3% | 35.3% | 35.3% | |||||
| Fee Component | 4.2% | 4.1% | 4.1% | 4.1% | 4.1% | 4.2% | |||||
| Insurance Component | 2.1% | 2.2% | 2.1% | 2.1% | 2.2% | 2.1% | |||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
| Deposit Component | 8.6% | 8.6% | 8.7% | 8.7% | 8.6% | 8.6% | |||||
| Full APR (int fee ins tax dep) | 50.2% | 50.3% | 50.2% | 50.2% | 50.2% | 50.2% | |||||
| Transparency Index | 72 | 72 | 72 | 72 | 72 | 72 | |||||
| Original Repayment Schedule | |||||||||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | PHP 15,000 | PHP 30,000 | PHP 50,000 | PHP 90,000 | |||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
| Disbursement Date | 2011-02-01 | 2009-04-22 | 2009-10-06 | 2009-05-06 | |||
| Loan Term (Months) | 18.2 months | 36.4 months | 36.4 months | 36.4 months | |||
| Grace Period (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 | |||
| True Price by Comp | |||||||
| Interest and Fee Component | 40.6% | 35.4% | 35.3% | 35.3% | |||
| Insurance Component | 5.0% | 2.4% | 1.8% | 1.4% | |||
| 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) | 45.6% | 37.8% | 37.1% | 36.7% | |||
| Transparency Index | 32 | 38 | 39 | 39 | |||
| 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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