| 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 |
| 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 |
| 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 |
| 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 |
| Institution Type | Credit Union / Cooperative |
| Is this institution regulated? | Yes |
| Website address | http://www.caritas.org.ph/ |
| Year established | 2006 |
| Head of Institution | Fr. Mario Castillo CM |
| Regions active | |
| # Branches | 19 |
| Total Portfolio (nat'l) | PhP 57,042,219.37 |
| Total Portfolio (USD) | USD 1,364,646.40 |
| Active clients with loans | 12,142 |
| Approximate % female clients | 80% - 100% |
| Approximate % urban clients | 80% - 100% |
| Network affiliations | Caritas Manila/United Church Cooperative, Metro South Cooperative Bank, Vincentian Family Multi-Purpose Cooperative, Caritas et labora Human Resource Cooperative |
| Funders | Caritas Manila, Radyo Veritas, Bahay Pari MPC |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Regular Loan - 11 weeks | PHP 2,000 - 150,000 | 2.6 | 80% - 100% | 80% - 100% | Business | Women, Men, Have business | Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Life insurance, Values Formation | |||||||
| Regular Loan - 15 weeks | PHP 2,000 - 150,000 | 3.5 | 80% - 100% | 80% - 100% | Business | Women, Men, Have business | Group Mtgs, Credit Ins, Tech Asst Visits, Business Training | |||||||
| Regular Loan - 23 weeks | PHP 2,000 - 150,000 | 5.3 | 80% - 100% | 60% - 80% | Business | Women, Men, Have business | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Life insurance, Values Formation, Marketing Assistance, Business Development |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Regular Loan - 11 weeks | 40.0% annual, Flat | 1 Fee | 1 Ins | None | 50.00 ongoing | 103.1% | 108.1% - 118.2% | 36 | ||||||||
| Regular Loan - 15 weeks | 37.6% annual, Flat | 1 Fee | 1 Ins | None | 50.00 ongoing | 92.6% | 96.4% - 111.7% | 37 | ||||||||
| Regular Loan - 23 weeks | 30.0% annual, Flat | 1 Fee | 1 Ins | None | 50.00 ongoing | 71.8% | 77.5% - 96.2% | 36 |
| Key Statistics | |
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| % Products using declining balance | |
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| % 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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