Number borrowers | 126 |
Loan Amount (range) | UGX 100,000 - 5,000,000 |
Loan Term (range) | 4 - 12 |
Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training |
Annual Interest & Method | 34.00%-36.00% annual, Decl Bal |
Fees | 2 fees |
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) | 49.8% - 55.4% |
Transparency Index (min/max) | 61 - 72 |
Transparency Index (average) | 65 |
21,780 |
USD 100 - 1,050,000 |
4.9 - 60.9 |
Credit Ins, Business Training |
5.0%-36.0% annual, Decl Bal |
None |
None |
15.00% Principal |
N/A |
N/A |
16.2% - 31.1% (Int+Fee) |
0 |
0.0% - 0.9% |
16.3% - 31.2% |
16 - 83 |
22 |
Outstanding portfolio (UGX) | UGX 235,943,570 |
Portfolio (USD) | USD 94,377 |
Active Clients with Loans | 126 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 40% - 60% |
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 | |
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 (USD) | USD 111,530,358 |
Portfolio (USD) | USD 111,530,358 |
Active Clients with Loans | 21,780 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 0% - 20% |
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 | 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 | No ser parte del dirctorio ni ser ejecutivo del Banco |
Other (2) | Debe tener por lo menos 1 año de experiencia en el negocio que lleva adelante |
# 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 | 20% |
UGX 1,000,000-5,000,000 | 80% |
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 | 4.0 months |
Longest loan term | 12.0 months |
Approx average | 6.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 20% |
Between 7 and 9 months | 50% |
Between 10 and 12 months | 30% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
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 |
Currency | USD |
Minimum loan size | USD 100 |
Maximum loan size | 1,050,000 |
Shortest loan term | 4.9 months |
Longest loan term | 60.9 months |
Approx average | 39.0 months |
Grace period usage | 10% |
Average grace period | DK |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | x |
Every 6 months | |
Every 12 months | |
Single end payment | x |
Irregular payments | x |
Lowest quoted nominal interest | 34.00% |
Highest quoted nominal interest | 36.00% |
Reason(s) why interest rate varies | Client Risk |
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 | |
---|---|
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 |
Fee 1 | |
---|---|
Description | Loan Monitoring 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? | Yes |
Do borrowers control deposit in their group? | Yes |
% 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 | 5.04% |
Highest quoted nominal interest | 36.00% |
Reason(s) why interest rate varies | Time as Client, Loan Size, Client Risk |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | |
Is rate fixed for entire loan term | 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? | Yes |
Percentage of fees | 0 |
All or some fees taxed | N/A |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | UGX 350,000 | UGX 700,000 | UGX 1,600,000 | UGX 2,700,000 | |||
Loan Cycle (1, 2, 3, etc) | 1 | 1 | 1 | 2 | |||
Disbursement Date | 2012-08-02 | 2012-08-02 | 2012-07-28 | 2012-09-02 | |||
Loan Term (Months) | 7.0 months | 12.0 months | 12.0 months | 13.0 months | |||
Grace Period (Months) | 1.0 month | 1.0 month | 1.0 month | 2.0 months | |||
Total Cost of Credit | UGX 52,500 | UGX 157,500 | UGX 360,000 | UGX 769,500 | |||
True Price by Comp | |||||||
Interest price component | 35.3% | 35.4% | 35.3% | 41.1% | |||
Fee Component | 6.0% | 3.8% | 4.2% | 3.4% | |||
Insurance Component | 3.3% | 2.1% | 2.1% | 1.9% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 8.8% | 8.5% | 8.6% | 9.0% | |||
Full APR (int fee ins tax dep) | 53.4% | 49.8% | 50.2% | 55.4% | |||
Transparency Index | 64 | 68 | 68 | 61 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | USD 450 | USD 1,035.05 | USD 2,050 | USD 4,000 | USD 8,150 | USD 12,000 | |||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
Disbursement Date | 2010-06-16 | 2010-06-18 | 2010-06-22 | 2010-06-19 | 2010-06-23 | 2010-06-19 | |||||
Loan Term (Months) | 12.0 months | 15.0 months | 36.0 months | 36.0 months | 45.0 months | 80.0 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 | 20.5% | 26.1% | 23.7% | 20.3% | 16.2% | 31.1% | |||||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Tax Component | 0.3% | 0.2% | 0.1% | 0.1% | 0.1% | 0.1% | |||||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Full APR (int fee ins tax dep) | 20.8% | 26.3% | 23.8% | 20.4% | 16.3% | 31.2% | |||||
Transparency Index | 24 | 19 | 21 | 25 | 31 | 16 | |||||
Original Repayment Schedule | |||||||||||
MFT Pricing Calculation |
Key Statistics | |
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# 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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