FINCA Uganda Limited - FINCA Village Group Loan - MFTransparency.org Truth In Lending Tables

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Institution

FINCA Uganda Limited Plot 22 Ben Kiwanuka StreetKampalaPO Box 24450

Data approved: 2014-11-19

Data version: 3

Age of data: 119 months

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Product

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Product Details

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)

# Borrowers by Product

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 fees

Upfront Insurance Fees

This product has no upfront insurance fees

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?	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

Are taxes charged on this product?

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
Loan Amount	Type of Sample	Disbursement Date	Loan Term (Months)	Grace Period (Months)	Total Cost of Credit	Full APR (int fee ins tax dep)	Interest price component	Fee Component	Insurance Component	Tax Component	Deposit Component	Transparency Index	Original Repayment Schedule	MFT Pricing Calculation
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

Click to view Price Analysis Tool

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
Adhikar	35,300	2,674,000	1	140
AMPL	0	0	0	140
Arman	41,500	529,107,000	1	140
Arohan	43,500	8,091,000	2	140
ASA INDIA	164,000	15,380,000	1	140
Asirvad	113,500	19,328,000	1	140
Asmitha	1,114,800	217,867,000	1	140
Bandhan	4,048,600	674,564,000	5	140
Belstar	123,000	23,945,000	2	119
BSFL	275,200	31,590,000	3	140
Chaitanya	20,700	3,748,000	3	140
Disha Microfin	69,000	14,332,000	2	140
Equitas	1,220,000	186,415,000	4	140
ESAF	354,200	43,500,000	5	140
FFSL	150,600	35,719,000	2	140
Fusion	66,800	9,820,000	2	140
Grama Vidiyal	738,200	102,101,000	1	140
Grameen Koota	586,600	83,555,000	15	142
Janalakshmi	506,000	119,077,000	2	140
L & T Finance	399,800	37,199,000	1	140
MFL	331,800	49,083,000	1	140
MMFL	175,000	23,752,000	2	140
Mpower	13,600	2,263,000	2	140
Sahayata	0	0	0	140
Saija	24,700	4,682,000	2	140
Samasta	45,500	4,809,000	2	140
Satin	405,600	90,174,000	2	140
SCCI	115,600	15,910,000	2	140
Share	2,195,400	376,727,000	1	140
SKS	3,409,000	355,029,000	2	140
SMILE	360,200	56,927,000	1	140
SNFL	9,400	1,779,000	1	140
Sonata Finance	158,200	22,724,000	3	142
Spandana	533,400	147,240,000	2	140
Suryoday	78,600	14,713,000	3	140
SVCL	118,200	18,886,000	1	140
Swadhaar	92,800	17,166,000	3	140
Trident	68,700	8,852,000	1	140
Ujjivan	913,300	160,848,000	5	140
Utkarsh	168,600	25,915,000	3	140
VFS	175,400	19,264,000	2	140
Asomi	50,300	4,743,000	2	173
AES India	3,600	286,000	1	173
Arth	2,900	611,000	2	173
Asomi	50,300	4,743,000	2	173
Barasat GS	1,100	99,508.02	1	173
BJS	6,000	468,000	1	173
Cashpor	417,000	50,452,000	1	172
Credible	10,000	1,669,540.36	2	173
DIBAKAR	1,800	145,000	1	172
GOF	65,200	5,388,000	4	172
Hope	62,600	4,407,000	1	170
Jaago	2,700	237,000	1	171
LOK	4,900	573,000	1	172
Nano	25,600	3,660,000	2	173
NBSAAVS	28,100	2,821,000	1	170
Nirantara	8,200	917,000	2	172
Parama	7,100	482,000	1	172
Pragathi	26,200	4,579,000	6	172
PWMACS	36,500	5,946,000	1	172
Saadhana	90,900	12,046,000	2	172
Sambhav	1,500	183,000	3	172
Seba Rahara	6,700	468,000	1	172
SU	61,100	5,498,000	1	172
Swayanshree	7,900	918,000	2	172
Vikas Samiti	1,600	168,000	1	172
Vistaar	4,300	1,157,000	2	170
We The People	1,100	244,000	2	172
WEMCS	1,100	85,000	1	172
Yukti	1,100	99,000	2	172

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
	Greater than:
	Less or equal to:
N (# of Samples)
Total Borrrowers of Samples


Avg
Min
Max
Std Dev

By Inst Type


By Country

	X Axis
	Greater than:
	Less or equal to:
	From 0 to
	to
	to
	to ∞

Institution

Product

Product Details

Key Statistics

Methodology

Description

Loan Purpose

Included Services

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

Additional Comments

Full Pricing Data

FINCA Village Group Loan samples

FINCA Village Group Loan Price Graphs

Total Borrowers of Samples

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