Ebirungi Birugomutuutu Savings & Credit Co-operative Society Ltd - Banana Improvement Loan - MFTransparency.org Truth In Lending Tables

Please note that the information you are viewing is 144 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Please note that the information you are viewing is 130 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Ebirungi Birugomutuutu Savings & Credit Co-operative Society Ltd BwizibweraKashaariMbarara, Western-UgandaPO Box 384 MBA

Data approved: 2012-07-02

Data version: 2

Age of data: 144 months

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Institution

FFP Prodem S.A. Belisario Salinas # 520La Paz13963

Data approved: 2013-09-06

Data version: 2

Age of data: 130 months

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Product

Banana Improvement Loan Product 2 of 2 « Prev | Next »

Product

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Product Summary

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

Product Details

Key Statistics

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%

Methodology

Individual	x
Solidarity group	x
Village banking	x
Self help group
Other

Description

For low income earners who have no access to formal financial sector. Uses declining balance interest rate method. Loan processing does not exceed 7 days.

Loan Purpose

Any purpose
Income generation	x
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)

Included Services

Credit education	x
Group meetings	x
Credit insurance	x
Workplace visits	x
Business training	x
Other training
Other
Other (2)
No other services

Eligibility

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)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	1
# Regions for this product	1
Regions Active	Western

Product Details

This product either has less than 50 active borrowers or less than 10 loan disbursements over the past 9 months. MFTransparency presents basic data rather than full data for low volume products

Key Statistics

Outstanding portfolio (BOB)	BOB 7,712
Portfolio (USD)	USD 1,142.52
Active Clients with Loans	8
Approximate % Female Clients	100%
Approximate % Urban Clients	0

Description

Credito conformado entre 3 a 6 personas, en donde existe garantia cruzada entre los componentes del grupo solidario.

Loan Purpose

Any purpose
Income generation	x
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)

Eligibility

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
Other (2)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	9
# Regions for this product	N/A
Regions Active

Loan Conditions

Loan Amount

Currency	UGX
Minimum loan size	UGX 100,000
Maximum loan size	5,000,000

Distribution at Disbursement (Est.)

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

Loan Term and Grace Period

Shortest loan term	4.0 months
Longest loan term	12.0 months
Approx average	6.0 months

Distribution at Disbursement (Est.)

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

Grace period usage	0
Average grace period	0

Repayment Frequency

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

Pricing Information

Interest

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

Upfront Fees

	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

Ongoing Fees

	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

Upfront Insurance Fees

	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

Ongoing Insurance Fees

This product has no ongoing insurance fees

Compulsory Deposit

Required for	All
Criteria	N/A
Is deposit indicated on the repayment schedule?	Yes
Do borrowers control deposit in their group?	Yes

Deposit BEFORE or AT Disbursement

% loan amount deposited	10.00%
or, Fixed-amount deposited	0

Deposits DURING period payments

% loan amount deposited	0
or, Fixed-amount deposited	0
Conditions on access to deposit	End Term

Interest Paid on Deposit

Minimum interest rate paid	6.00%
Maximum interest rate paid	6.00%
Interest payment frequency	Monthly

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Full Pricing Data

Banana Improvement Loan samples

	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	PDF	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF	PDF

Banana Improvement Loan Price Graphs

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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

	X Axis
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	Less or equal to:
N (# of Samples)
Total Borrrowers of Samples


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By Country

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Institution

Institution

Product

Product

Product Summary

Product Details

Key Statistics

Methodology

Description

Loan Purpose

Included Services

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

Product Details

Key Statistics

Description

Loan Purpose

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

Loan Conditions

Loan Amount

Distribution at Disbursement (Est.)

Loan Term and Grace Period

Distribution at Disbursement (Est.)

Grace Period

Repayment Frequency

Pricing Information

Interest

Upfront Fees

Ongoing Fees

Upfront Insurance Fees

Ongoing Insurance Fees

Compulsory Deposit

Deposit BEFORE or AT Disbursement

Deposits DURING period payments

Interest Paid on Deposit

Taxes

Full Pricing Data

Banana Improvement Loan samples

Banana Improvement Loan Price Graphs

Total Borrowers of Samples

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