2. FINCA-UGA
Please note that the information you are viewing is 119 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. MILAMDEC
Please note that the information you are viewing is 160 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

FINCA Uganda Limited Plot 22 Ben Kiwanuka StreetKampalaPO Box 24450
Data approved: 2014-11-19
Data version: 3
Age of data: 119 months
Choose version

Institution

Aakay ang MILAMDEC Microfinance Foundation, Inc #27 Dahlia StreetIlaya CarmenCagayan de Oro City, Misamis Oriental/Region X9000
Data approved: 2011-11-15
Data version: 1
Age of data: 160 months

Product

FINCA Agriculture Loan Product 4 of 4 « Prev | Next »

Product

Agricultural Loan Product 1 of 2 « Prev | Next »

Product Summary

Number borrowers2,474
Loan Amount (range)UGX 100,000 - 60,000,000
Loan Term (range)3 - 36
Other Services (text summary)Loan guarantee up to 50% by agribusiness initiative
Annual Interest & Method42.0%-68.8% annual, Decl Bal
Fees1.00% upfront 3.00% upfront
InsuranceNone
TaxNone
Comp DepN/A
Range of pricing 
Interest Price Component27.7% - 68.4%
Fee Component2.2% - 12.5%
Insurance Component0 - 1.1%
Tax Component Range0
Full APR (int fee ins tax dep)59.7% - 71.5%
Transparency Index (min/max)59 - 83
Transparency Index (average)66

Product Summary

967
PHP 20,000 - 60,000
6 - 12
Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training
20.0% annual, Flat
2.00% upfront 1.00% upfront
150.00 upfront 6.00% upfront
None
30.0% upfront 30.00% ongoing
 
N/A
56.6% (Int+Fee)
1.2% - 24.4%
0
111.6% - 113.9%
12 - 24
18

Product Details

Key Statistics
Outstanding portfolio (UGX)UGX 5,240,953,615
Portfolio (USD)USD 2,075,625.19
Active Clients with Loans2,474
Approximate % Female Clients40% - 60%
Approximate % Urban Clients20% - 40%
Methodology
Individualx
Solidarity groupx
Village bankingx
Self help group
Other
Description
The product finances business activities in agricultural business, processing and marketing value chain, animal production etc. Target group is small holder farmers, small agribusiness & enterpreneurs, cooperatives and SACCOs.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculturex
Educationx
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurance
Workplace visits
Business training
Other training
OtherLoan guarantee up to 50% by agribusiness initiative
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age group
OtherIndividual farmers & farmers in cooperatives
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution5
# Regions for this product5
Regions ActiveCentral, Eastern, Northern, Western, Southern

Product Details

Key Statistics
Outstanding portfolio (PHP)PHP 13,000,000
Portfolio (USD)USD 311,004.78
Active Clients with Loans967
Approximate % Female Clients80% - 100%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity group
Village banking
Self help groupx
Other
Description
Intended for 1st Class Member's Husband with agricultural lands.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculturex
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visitsx
Business trainingx
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or landx
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 institutionN/A
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyUGX
Minimum loan sizeUGX 100,000
Maximum loan size60,000,000
Distribution at Disbursement (Est.)
Loans less than UGX 1,000,00015%
UGX 1,000,000-5,000,00015%
UGX 5,000,000-7,500,00015%
UGX 7,500,000-10,000,00015%
UGX 10,000,000-13,000,00015%
Greater than UGX 13,000,00015%
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term36.0 months
Approx average12.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less15%
Between 4 and 6 months15%
Between 7 and 9 months15%
Between 10 and 12 months15%
Between 13 and 18 months20%
Longer than 18 months20%
Grace Period
Grace period usage100%
Average grace period6.0 months
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 monthsx
Quarterlyx
Every 6 monthsx
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyPHP
Minimum loan sizePHP 20,000
Maximum loan size60,000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term12.0 months
Approx average9.0 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
Every 2 weeks
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end paymentx
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest42.00%
Highest quoted nominal interest68.80%
Reason(s) why interest rate variesCollateral
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionApplication FeeMonitoring & Commission Fee
% of loan amount - min1.00%3.00%
% of loan amount - max1.00%3.00%
OR, Fixed amount - min00
Fixed amount - max00
Reason for variationN/AMonitoring Fee 1%, Commission Fee 2%
Appears on Repayment Sched?NoNo
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 forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Pricing Information

Interest
Lowest quoted nominal interest20.00%
Highest quoted nominal interest20.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionService ChargeNotarial Fee
% of loan amount - min2.00%1.00%
% of loan amount - max2.00%1.00%
OR, Fixed amount - min00
Fixed amount - max00
Reason for variationN/A
Appears on Repayment Sched?NoNo
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1Ins 2
DescriptionMILAMDEC Tibod Mutual BenefitsCrop Insurance
% of loan amount - min06.00%
% of loan amount - max06.00%
OR, Fixed amount - min1500
Fixed amount - max1500
Reason for variationN/AN/A
Appears on Repayment Sched?NoNo
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?Yes
Do borrowers control deposit in their group?Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited30.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited30.00%
or, Fixed-amount deposited0
Conditions on access to depositWhen Leaving
Interest Paid on Deposit
Minimum interest rate paid4.00%
Maximum interest rate paid4.00%
Interest payment frequencyAnnually
Taxes
Are taxes charged on this product?No

Full Pricing Data

FINCA Agriculture 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 2,250,000 Generated 2015-02-01 18.0 months N/A UGX 1,593,206.36 71.5% 65.8% 5.7% 0.0% 0.0% 0.0% 59 - PDF
UGX 2,587,500 Generated 2015-02-01 24.1 months N/A UGX 1,927,877.66 59.7% 55.0% 4.7% 0.0% 0.0% 0.0% 70 - PDF
UGX 4,500,000 Generated 2015-02-01 17.8 months N/A UGX 3,277,336.20 62.8% 58.1% 4.7% 0.0% 0.0% 0.0% 67 - PDF
UGX 5,175,000 Generated 2015-02-01 24.1 months N/A UGX 4,345,036.60 64.3% 59.7% 4.6% 0.0% 0.0% 0.0% 65 - PDF
UGX 7,500,000 Generated 2015-02-01 16.8 months N/A UGX 4,672,183.58 59.9% 54.8% 5.1% 0.0% 0.0% 0.0% 70 - PDF
UGX 8,625,000 Generated 2015-02-01 21.7 months N/A UGX 6,567,754.94 60.1% 55.6% 4.5% 0.0% 0.0% 0.0% 70 - PDF
UGX 10,500,000 Generated 2015-02-01 18.0 months N/A UGX 6,902,499.89 67.0% 61.4% 5.6% 0.0% 0.0% 0.0% 63 - PDF
UGX 12,075,000 Generated 2015-02-01 24.1 months N/A UGX 10,313,009.01 65.3% 60.7% 4.6% 0.0% 0.0% 0.0% 64 - PDF

Full Pricing Data

Agricultural Loan samples
Sample 1Sample 2Sample 3
Loan AmountPHP 30,000PHP 40,000PHP 50,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2011-08-252011-08-292011-08-25
Loan Term (Months)5.0 months5.0 months5.0 months
Grace Period (Months)0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot Known
True Price by Comp     
Interest and Fee Component56.6%56.6%56.6%
Insurance Component21.2%19.9%19.8%
Tax Component0.0%0.0%0.0%
Deposit Component36.2%35.3%35.3%
Full APR (int fee ins tax dep)113.9%111.8%111.6%
Transparency Index181818
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
FINCA Agriculture Loan Price Graphs


Click to view Price Analysis Tool
Agricultural Loan Price Graphs


Click to view Price Analysis Tool
Caps / Zoom options
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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
Loading...
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

Total Borrowers of Samples

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