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Institution
Data approved: 2014-11-19
Data version: 3
Age of data: 115 months
Key Statistics
Outstanding portfolio (UGX) | UGX 14,057,331,353 |
Portfolio (USD) | USD 5,567,259.94 |
Active Clients with Loans | 31,375 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 20% - 40% |
Methodology
Individual | |
Solidarity group | |
Village banking | x |
Self help group | |
Other | |
Description
A group of 10-25 neighbours co-guarantee each other. Members get training before receiving loans. Amounts range from 50,000 to 600,000 for first time & up to 6,000,000 for subsequent loans. Borrowers are insured against personal accident.
Loan Purpose
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | x |
Education | x |
Other household finance | |
Other | |
Other (2) | |
Included Services
Credit education | x |
Group meetings | x |
Credit insurance | x |
Workplace visits | |
Business training | |
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 | x |
Other | |
Other (2) | |
Portfolio Size by Product
Geographic Coverage
# Regions for this institution | 5 |
# Regions for this product | 5 |
Regions Active | Central, Eastern, Northern, Western, Southern |
Loan Conditions
Loan Amount
Currency | UGX |
Minimum loan size | UGX 50,000 |
Maximum loan size | 10,000,000 |
Distribution at Disbursement (Est.)
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 |
Loan Term and Grace Period
Shortest loan term | 4.0 months |
Longest loan term | 8.0 months |
Approx average | 5.0 months |
Distribution at Disbursement (Est.)
Loans 3 months or less | 0 |
Between 4 and 6 months | 70% |
Between 7 and 9 months | 30% |
Between 10 and 12 months | 0 |
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 | x |
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 | 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 |
Upfront Fees
| Fee 1 |
---|
Description | Disbursement Fee |
% of loan amount - min | 1.00% |
% of loan amount - max | 2.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | 1% for monthly, 2% for weekly & biweekly loans |
Appears on Repayment Sched? | No |
Ongoing Fees
This product has no ongoing feesUpfront Insurance Fees
This product has no upfront insurance feesOngoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | No |
Do borrowers control deposit in their group? | No |
Deposit BEFORE or AT Disbursement
% loan amount deposited | 10.00% |
or, Fixed-amount deposited | 0 |
Deposits DURING period payments
% loan amount deposited | 1.00% |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | Access During |
Interest Paid on Deposit
Minimum interest rate paid | 3.00% |
Maximum interest rate paid | 3.00% |
Interest payment frequency | Monthly |
Taxes
Are taxes charged on this product? | No |
Additional Comments
The product depends on group solidality as the basic security
Full Pricing Data
FINCA Village Group Loan samples
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 1,000,000 |
Real |
2014-11-13 |
6.0 months |
N/A |
UGX 220,003.33 |
84.3% |
67.4% |
3.6% |
0.0% |
0.0% |
13.3% |
82 |
PDF |
PDF |
UGX 1,000,000 |
Generated |
2015-02-01 |
6.0 months |
N/A |
UGX 210,745.21 |
84.8% |
67.0% |
3.7% |
0.0% |
0.0% |
14.1% |
81 |
- |
PDF |
UGX 1,000,000 |
Real |
2014-11-13 |
6.0 months |
N/A |
UGX 220,003.33 |
84.3% |
67.4% |
3.6% |
0.0% |
0.0% |
13.3% |
82 |
PDF |
PDF |
UGX 1,000,000 |
Generated |
2015-02-01 |
6.0 months |
N/A |
UGX 210,745.21 |
84.8% |
67.0% |
3.7% |
0.0% |
0.0% |
14.1% |
81 |
- |
PDF |
UGX 350,000 |
Generated |
2015-02-01 |
3.7 months |
N/A |
UGX 48,562.74 |
97.9% |
68.0% |
12.5% |
0.0% |
0.0% |
17.4% |
70 |
- |
PDF |
UGX 675,000 |
Generated |
2015-02-01 |
5.5 months |
N/A |
UGX 129,281.92 |
94.0% |
68.0% |
8.9% |
0.0% |
0.0% |
17.1% |
73 |
- |
PDF |
UGX 1,800,000 |
Generated |
2015-02-01 |
6.0 months |
N/A |
UGX 379,341.37 |
84.8% |
67.0% |
3.7% |
0.0% |
0.0% |
14.1% |
81 |
- |
PDF |
UGX 4,500,000 |
Generated |
2015-02-01 |
8.0 months |
N/A |
UGX 1,208,120.55 |
84.2% |
67.0% |
3.0% |
0.0% |
0.0% |
14.2% |
82 |
- |
PDF |
UGX 6,000,000 |
Generated |
2015-02-01 |
7.8 months |
N/A |
UGX 1,545,008.22 |
91.3% |
68.0% |
6.7% |
0.0% |
0.0% |
16.6% |
75 |
- |
PDF |
FINCA Village Group Loan Price Graphs