2. Gatsby
Please note that the information you are viewing is 144 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. Fortaleza
Please note that the information you are viewing is 130 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Gatsby Microfinance Ltd Head OfficeKampala, Central RegionPO Box 8752
Data approved: 2012-07-20
Data version: 2
Age of data: 144 months
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Institution

Banco Fortaleza Sociedad Anónima Av. Arce No, 2799 esq. CorderoLa Paz, Bolivia
Data approved: 2013-09-23
Data version: 2
Age of data: 130 months
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Product

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Product

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Product Summary

Number borrowers736
Loan Amount (range)UGX 1,000,000 - 30,000,000
Loan Term (range)6 - 24
Other Services (text summary)Tech Asst Visits
Annual Interest & Method30.00% annual, Flat
Fees2 fees
Insurance1.00%-1.50% upfront
TaxNone
Comp Dep10.00% upfront
Range of pricing 
Interest Price Component31.7% - 49.2%
Fee Component4.0% - 19.8%
Insurance Component2.0% - 3.6%
Tax Component Range0
Full APR (int fee ins tax dep)65.3% - 69.3%
Transparency Index (min/max)38 - 49
Transparency Index (average)45

Product Summary

2,690
BOB 1,440 - 35,000
24 - 61
Credit Ins
19.0% annual, Decl Bal
None
1.41%-1.92% ongoing
None
N/A
 
12.1% - 27.6%
0
0.2% - 2.1%
0
20.0%
8 - 1062
95

Product Details

Key Statistics
Outstanding portfolio (UGX)UGX 2,981,915,068
Portfolio (USD)USD 1,192,766
Active Clients with Loans736
Approximate % Female Clients40% - 60%
Approximate % Urban Clients40% - 60%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
This is a general loan product where GATSBY offers loans within a short processing time and at a higher interest rate than the Myc4 loan product.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurance
Workplace visitsx
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
OtherThe type of business must be in line with the company mission
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution3
# Regions for this product3
Regions ActiveCentral, Eastern, Western

Product Details

Key Statistics
Outstanding portfolio (BOB)BOB 110,163,477
Portfolio (USD)USD 16,320,515.11
Active Clients with Loans2,690
Approximate % Female Clients40% - 60%
Approximate % Urban Clients60% - 80%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Es un crédito con 0% de interes en la cuota, mes que elija el cliente
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
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 institution6
# Regions for this product6
Regions ActiveChuquisaca , Cochabamba , La Paz , Oruro , Santa Cruz, Tarija

Loan Conditions

Loan Amount
CurrencyUGX
Minimum loan sizeUGX 1,000,000
Maximum loan size30,000,000
Distribution at Disbursement (Est.)
Loans less than UGX 1,000,0000
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 term6.0 months
Longest loan term24.0 months
Approx average12.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months15%
Between 7 and 9 months5%
Between 10 and 12 months20%
Between 13 and 18 months60%
Longer than 18 months0
Grace Period
Grace period usage10%
Average grace period0.3 months
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyBOB
Minimum loan sizeBOB 1,440
Maximum loan size35,000
Distribution at Disbursement (Est.)
Loans less than BOB 10,0000
BOB 10,000-40,000100%
BOB 40,000-70,0000
BOB 70,000-100,0000
BOB 100,000-125,0000
Greater than BOB 125,0000
Loan Term and Grace Period
Shortest loan term24.0 months
Longest loan term61.0 months
Approx average45.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months100%
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest30.00%
Highest quoted nominal interest30.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionLoan CommissionStamp duty
% of loan amount - min2.00%0
% of loan amount - max2.00%0
OR, Fixed amount - min05,000
Fixed amount - max05,000
Reason for variationN/AN/A
Appears on Repayment Sched?YesYes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionLoan Insurance
% of loan amount - min1.00%
% of loan amount - max1.50%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation1% for loans < 12 months, 1.5% for loans > 12 months
Appears on Repayment Sched?Yes
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forSome
CriteriaRequired for clients without registerd securities e.g. car log books & land titles
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?No
Deposit BEFORE or AT Disbursement
% loan amount deposited10.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid0
Maximum interest rate paid0
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Pricing Information

Interest
Lowest quoted nominal interest1.58%
Highest quoted nominal interest1.58%
Interest rate periodMonthly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
Ins 1
DescriptionSeguro de desgravamen
% of loan amount - min1.41%
% of loan amount - max1.92%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationLa comisión es 0.07% mensual que aplica al saldo del principal del préstamo pendiente.
Appears on Repayment Sched?Yes
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

Full Pricing Data

Gatsby Microfinance General Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountUGX 1,500,000UGX 3,000,000UGX 6,000,000UGX 8,000,000UGX 13,000,000
Loan Cycle (1, 2, 3, etc)12341
Disbursement Date2012-04-232012-04-272012-05-162012-03-212012-04-05
Loan Term (Months)6.0 months12.0 months12.0 months12.0 months12.0 months
Grace Period (Months)0.1 months0.2 months0.2 months0.2 months0.1 months
Total Cost of CreditUGX 275,000UGX 995,000UGX 1,985,000UGX 2,645,000UGX 4,295,000
True Price by Comp         
Interest price component46.9%49.1%49.1%49.1%49.2%
Fee Component8.0%4.3%4.1%4.0%4.0%
Insurance Component3.6%2.0%2.0%2.0%2.1%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component10.8%10.2%10.2%10.2%10.1%
Full APR (int fee ins tax dep)69.3%65.6%65.4%65.3%65.4%
Transparency Index4346464646
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF

Full Pricing Data

Crédito Tasa 0 samples
Sample 1Sample 2Sample 3
Loan AmountBOB 12,000BOB 35,000BOB 70,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2014-01-082014-01-082013-09-18
Loan Term (Months)36.0 months48.0 months48.0 months
Grace Period (Months)0.0 months0.0 months0.0 months
Total Cost of CreditBOB 4,004.80BOB 15,905.52BOB 31,811.20
True Price by Comp     
Interest price component19.1%19.1%19.1%
Fee Component0.0%0.0%0.0%
Insurance Component0.9%0.9%0.9%
Tax Component0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)20.0%20.0%20.0%
Transparency Index959595
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
Gatsby Microfinance General Loan Price Graphs


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Crédito Tasa 0 Price Graphs


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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
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