| Number borrowers | 11,953 |
| Loan Amount (range) | UGX 500,000 - 10,000,000 |
| Loan Term (range) | 3 - 12 |
| Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins |
| Annual Interest & Method | 68.8% annual, Decl Bal |
| Fees | 1.00% upfront |
| Insurance | None |
| Tax | None |
| Comp Dep | 10.0% upfront |
| Range of pricing | |
| Interest Price Component | 27.7% - 68.4% |
| Fee Component | 2.2% - 12.5% |
| Insurance Component | 0 - 1.1% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 82.7% - 87.1% |
| Transparency Index (min/max) | 59 - 83 |
| Transparency Index (average) | 81 |
| Outstanding portfolio (UGX) | UGX 6,555,997,700 |
| Portfolio (USD) | USD 2,596,434.73 |
| Active Clients with Loans | 11,953 |
| Approximate % Female Clients | 20% - 40% |
| Approximate % Urban Clients | 60% - 80% |
| Individual | |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | x |
| Education | x |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| 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 | x |
| Other | |
| Other (2) |
| # Regions for this institution | 5 |
| # Regions for this product | 4 |
| Regions Active | Central, Eastern, Northern, Western |
| Currency | UGX |
| Minimum loan size | UGX 500,000 |
| Maximum loan size | 10,000,000 |
| Loans less than UGX 1,000,000 | 40% |
| UGX 1,000,000-5,000,000 | 30% |
| UGX 5,000,000-7,500,000 | 30% |
| 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 | 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 | 30% |
| Between 10 and 12 months | 60% |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | x |
| Every 2 weeks | x |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 68.80% |
| Highest quoted nominal interest | 68.80% |
| 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 | Application 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 |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | Yes |
| 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 | Access During |
| Minimum interest rate paid | 3.00% |
| Maximum interest rate paid | 3.00% |
| Interest payment frequency | Monthly |
| Are taxes charged on this product? | No |
Loan Amount |
Type of Sample |
Disbursement Date |
Loan Term (Months) |
Grace Period (Months) |
Total Cost of Credit |
Full APR (int fee ins tax dep) |
True Price by Component |
Transparency Index |
Original Repayment Schedule |
MFT Pricing Calculation |
||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Interest price component |
Fee Component |
Insurance Component |
Tax Component |
Deposit Component |
||||||||||
| UGX 500,000 | Generated | 2015-02-01 | 8.7 months | N/A | UGX 133,646.58 | 87.1% | 68.4% | 3.2% | 0.0% | 0.0% | 15.5% | 79 | - | |
| UGX 900,000 | Generated | 2015-02-01 | 9.0 months | N/A | UGX 267,612.60 | 83.4% | 67.0% | 2.7% | 0.0% | 0.0% | 13.7% | 83 | - | |
| UGX 1,250,000 | Generated | 2015-02-01 | 8.7 months | N/A | UGX 334,116.44 | 87.1% | 68.4% | 3.2% | 0.0% | 0.0% | 15.5% | 79 | - | |
| UGX 2,500,000 | Generated | 2015-02-01 | 12.1 months | N/A | UGX 959,611.87 | 82.7% | 67.0% | 2.2% | 0.0% | 0.0% | 13.5% | 83 | - | |
| UGX 3,200,000 | Generated | 2015-02-01 | 11.7 months | N/A | UGX 1,129,784.11 | 86.0% | 68.4% | 2.5% | 0.0% | 0.0% | 15.1% | 80 | - | |
| UGX 4,000,000 | Generated | 2015-02-01 | 11.7 months | N/A | UGX 1,412,230.14 | 86.0% | 68.4% | 2.5% | 0.0% | 0.0% | 15.1% | 80 | - | |
| UGX 5,100,000 | Generated | 2015-02-01 | 12.1 months | N/A | UGX 1,957,608.22 | 82.7% | 67.0% | 2.2% | 0.0% | 0.0% | 13.5% | 83 | - | |
| UGX 6,000,000 | Generated | 2015-02-01 | 12.1 months | N/A | UGX 2,303,068.49 | 82.7% | 67.0% | 2.2% | 0.0% | 0.0% | 13.5% | 83 | - | |
| Key Statistics | |
|---|---|
| # 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 |
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