| Number borrowers | 5,024 |
| Loan Amount (range) | UGX 250,000 - 1,000,000 |
| Loan Term (range) | 3 - 9 |
| Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Holistic development training |
| Annual Interest & Method | 36.00% annual, Flat |
| Fees | 2.00% upfront |
| Insurance | 1.00%-2.00% upfront |
| Tax | None |
| Comp Dep | 25.00% upfront |
| Range of pricing | |
| Interest Price Component | 57.6% - 59.2% |
| Fee Component | 5.2% - 7.3% |
| Insurance Component | 3.6% - 5.4% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 111.0% - 111.5% |
| Transparency Index (min/max) | 32 - 40 |
| Transparency Index (average) | 32 |
| 801 |
| INR 24,999 - 25,000 |
| 24 |
| Credit Educ, Group Mtgs, Credit Ins |
| 26.0%-27.5% annual, Decl Bal |
| 1.00% upfront |
| 0.58% upfront |
| 12.36% fees |
| N/A |
| 27.0% - 28.0% |
| 1.0% - 2.0% |
| 0.6% - 0.8% |
| 0.1% - 0.3% |
| 28.8% - 29.0% |
| 84 - 90 |
| 90 |
| Outstanding portfolio (UGX) | UGX 686,626,135 |
| Portfolio (USD) | USD 274,650 |
| Active Clients with Loans | 5,024 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | |
| 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 | Holistic development training |
| 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 | 3 |
| # Regions for this product | 3 |
| Regions Active | Central, Northern, Western |
| Outstanding portfolio (INR) | INR 13,011,983 |
| Portfolio (USD) | USD 245,509.11 |
| Active Clients with Loans | 801 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | |
| Solidarity group | x |
| Village banking | |
| 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 | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services |
| Men | |
| Women | x |
| Must run a business | |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | |
| Household income <60,000 INR | x |
| Household income <120,000 INR | x |
| Must live in rural area | |
| Must lives in urban area | |
| Other | Must be supplying milk to procurers (Cooperatives or private) |
| Other (2) |
| # Regions for this institution | 2 |
| # Regions for this product | 1 |
| Regions Active | Karnataka |
| Currency | UGX |
| Minimum loan size | UGX 250,000 |
| Maximum loan size | 1,000,000 |
| Loans less than UGX 1,000,000 | 100% |
| UGX 1,000,000-5,000,000 | 0 |
| 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 | 3.0 months |
| Longest loan term | 9.0 months |
| Approx average | 6.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 50% |
| Between 7 and 9 months | 50% |
| Between 10 and 12 months | 0 |
| 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 |
| Currency | INR |
| Minimum loan size | INR 24,999 |
| Maximum loan size | 25,000 |
| Loans less than INR 5,000 | 0 |
| INR 5,000-15,000 | 0 |
| INR 15,000-25,000 | 100% |
| INR 25,000-35,000 | 0 |
| INR 35,000-45,000 | 0 |
| Greater than INR 45,000 | 0 |
| Shortest loan term | 24.0 months |
| Longest loan term | 24.0 months |
| Approx average | 24.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 0 |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 100% |
| Grace period usage | 100% |
| Average grace period | 0.5 months |
| Daily | |
| Weekly | |
| Every 2 weeks | x |
| Every 4 weeks | |
| Monthly | |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 3.00% |
| Highest quoted nominal interest | 3.00% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Loan Commission |
| % of loan amount - min | 2.00% |
| % of loan amount - max | 2.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
| Ins 1 | |
|---|---|
| Description | Accident & Death Insurance |
| % 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% on loans < 6 months. 2% for loans > 6 months |
| Appears on Repayment Sched? | No |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | No |
| Do borrowers control deposit in their group? | No |
| % loan amount deposited | 25.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | Final Pmt |
| Minimum interest rate paid | 0 |
| Maximum interest rate paid | 0 |
| Interest payment frequency | N/A |
| Are taxes charged on this product? | No |
| Lowest quoted nominal interest | 26.00% |
| Highest quoted nominal interest | 27.50% |
| Reason(s) why interest rate varies | Loan Size, Loan Tenure |
| 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 | Processing 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? | Yes |
| Ins 1 | |
|---|---|
| Description | Insurance Fees |
| % of loan amount - min | 0.58% |
| % of loan amount - max | 0.58% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | Yes |
| Required for | Never |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | N/A |
| Do borrowers control deposit in their group? | N/A |
| % loan amount deposited | N/A |
| or, Fixed-amount deposited | N/A |
| % loan amount deposited | N/A |
| or, Fixed-amount deposited | N/A |
| Conditions on access to deposit | N/A |
| Minimum interest rate paid | N/A |
| Maximum interest rate paid | N/A |
| Interest payment frequency | N/A |
| Are taxes charged on this product? | Yes |
| Percentage of fees | 12.4% |
| All or some fees taxed | Some |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | UGX 100,000 | UGX 250,000 | UGX 300,000 | UGX 300,000 | |||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
| Disbursement Date | 2012-09-21 | 2012-08-09 | 2012-06-13 | 2012-08-09 | |||
| Loan Term (Months) | 6.0 months | 6.0 months | 6.0 months | 6.0 months | |||
| Grace Period (Months) | 1.0 month | 1.0 month | 1.0 month | 0.0 months | |||
| Total Cost of Credit | UGX 21,000 | UGX 52,500 | UGX 63,000 | UGX 63,000 | |||
| True Price by Comp | |||||||
| Interest price component | 58.0% | 57.6% | 57.8% | 57.6% | |||
| Fee Component | 7.3% | 7.2% | 7.2% | 7.2% | |||
| Insurance Component | 3.7% | 3.6% | 3.7% | 3.6% | |||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Deposit Component | 42.5% | 42.6% | 42.6% | 42.6% | |||
| Full APR (int fee ins tax dep) | 111.5% | 111.0% | 111.3% | 111.0% | |||
| Transparency Index | 32 | 32 | 32 | 32 | |||
| Original Repayment Schedule | |||||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | INR 25,000 | INR 25,000 | INR 25,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2013-03-30 | 2013-03-28 | 2013-03-28 | ||
| Loan Term (Months) | 25.0 months | 25.0 months | 25.0 months | ||
| Grace Period (Months) | 0.5 months | 0.6 months | 0.4 months | ||
| Total Cost of Credit | INR 8,518.38 | INR 8,518.38 | INR 8,518.38 | ||
| True Price by Comp | |||||
| Interest price component | 27.2% | 27.0% | 27.0% | ||
| Fee Component | 1.0% | 1.1% | 1.0% | ||
| Insurance Component | 0.7% | 0.6% | 0.7% | ||
| Tax Component | 0.1% | 0.2% | 0.1% | ||
| Deposit Component | 0.0% | 0.0% | 0.0% | ||
| Full APR (int fee ins tax dep) | 29.0% | 28.9% | 28.8% | ||
| MFIN MFI Earning (Annualised) | 28.2% | 28.1% | 28.0% | ||
| MFIN Cost to Borrower (Annualised) | 29.0% | 28.9% | 28.8% | ||
| Transparency Index | 90 | 90 | 90 | ||
| MFIN Transparency Index | 99 | 100 | 100 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| 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 |
| Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
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