Number borrowers | 610 |
Loan Amount (range) | UGX 1,000,000 - 30,000,000 |
Loan Term (range) | 6 - 24 |
Other Services (text summary) | Tech Asst Visits |
Annual Interest & Method | 25.00%-36.00% annual, Decl Bal |
Fees | 2 fees |
Insurance | 1.00%-1.50% upfront |
Tax | None |
Comp Dep | 10.00% upfront |
Range of pricing | |
Interest Price Component | 31.7% - 49.2% |
Fee Component | 4.0% - 19.8% |
Insurance Component | 2.0% - 3.6% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 50.9% - 65.8% |
Transparency Index (min/max) | 38 - 49 |
Transparency Index (average) | 42 |
466 |
USD 100 - 15,000 |
6 - 60 |
9.0%-18.0% annual, Decl Bal |
None |
0.32%-3.15% ongoing |
None |
N/A |
18.1% - 24.0% |
0 - 0.7% |
0 - 0.7% |
0 |
18.7% - 18.9% |
48 - 79 |
48 |
Outstanding portfolio (UGX) | UGX 3,118,674,664 |
Portfolio (USD) | USD 1,247,470 |
Active Clients with Loans | 610 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 60% - 80% |
Individual | x |
Solidarity group | |
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 | |
Group meetings | |
Credit insurance | |
Workplace visits | x |
Business training | |
Other training | |
Other | |
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 | 1 |
Regions Active | Central |
Outstanding portfolio (USD) | USD 8,032,746.36 |
Portfolio (USD) | USD 8,032,746.36 |
Active Clients with Loans | 466 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 60% - 80% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | x |
Agriculture | x |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | |
Group meetings | |
Credit insurance | |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services | x |
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 | 5 |
# Regions for this product | 5 |
Regions Active | Chuquisaca , Cochabamba , La Paz , Potosí, Tarija |
Currency | UGX |
Minimum loan size | UGX 1,000,000 |
Maximum loan size | 30,000,000 |
Loans less than UGX 1,000,000 | 0 |
UGX 1,000,000-5,000,000 | 15% |
UGX 5,000,000-7,500,000 | 15% |
UGX 7,500,000-10,000,000 | 15% |
UGX 10,000,000-13,000,000 | 15% |
Greater than UGX 13,000,000 | 15% |
Shortest loan term | 6.0 months |
Longest loan term | 24.0 months |
Approx average | 12.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 15% |
Between 7 and 9 months | 5% |
Between 10 and 12 months | 60% |
Between 13 and 18 months | 5% |
Longer than 18 months | 15% |
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 | USD |
Minimum loan size | USD 100 |
Maximum loan size | 15,000 |
Loans less than USD 1,500 | 20% |
USD 1,500-5,000 | 60% |
USD 5,000-10,000 | 15% |
USD 10,000-15,000 | 5% |
USD 15,000-18,000 | 0 |
Greater than USD 18,000 | 0 |
Shortest loan term | 6.0 months |
Longest loan term | 60.0 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 | 10% |
Between 13 and 18 months | 10% |
Longer than 18 months | 80% |
Grace period usage | 10% |
Average grace period | 1.0 month |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | x |
Quarterly | x |
Every 6 months | x |
Every 12 months | x |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 25.00% |
Highest quoted nominal interest | 36.00% |
Reason(s) why interest rate varies | Loan Size, Depends on the investor who is funding the client. |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | Yes |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Loan Commission | Loan Application Fee & Registration Fee | |
% of loan amount - min | 4.00% | 0 | |
% of loan amount - max | 6.00% | 0 | |
OR, Fixed amount - min | 0 | 15,000 | |
Fixed amount - max | 0 | 35,000 | |
Reason for variation | 6% for loans 500,000 to 5M, 4% for loans above 5M | 5000 stamp duty, 10000 for existing client, 30000 for new clients | |
Appears on Repayment Sched? | Yes | Yes |
Ins 1 | |
---|---|
Description | Loan Insurance |
% of loan amount - min | 1.00% |
% of loan amount - max | 1.50% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | 1% for loans < 12 months, 1.5% for loans > 12 months |
Appears on Repayment Sched? | No |
Required for | Some |
Criteria | Required 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 |
% loan amount deposited | 10.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | End Term |
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 | 9.00% |
Highest quoted nominal interest | 18.00% |
Reason(s) why interest rate varies | Time as Client, Loan Size, Client Risk, Collateral, Loan Purpose |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Ins 1 | |
---|---|
Description | Seguro de desgravamen |
% of loan amount - min | 0.32% |
% of loan amount - max | 3.15% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Se cobra mensualmente el 0.0525% sobre el saldo del capital |
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? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | UGX 1,418,397.12 | UGX 3,141,242.50 | UGX 6,023,052 | UGX 9,576,215 | UGX 10,799,556 | ||||
Loan Cycle (1, 2, 3, etc) | 1 | 2 | 3 | 2 | 2 | ||||
Disbursement Date | 2012-05-28 | 2012-05-31 | 2012-03-07 | 2012-05-31 | 2012-02-21 | ||||
Loan Term (Months) | 10.0 months | 12.0 months | 12.0 months | 12.0 months | 18.0 months | ||||
Grace Period (Months) | 0.2 months | 0.1 months | 0.2 months | 0.1 months | 0.1 months | ||||
Total Cost of Credit | UGX 364,502.13 | UGX 880,553.76 | UGX 1,593,608.94 | UGX 2,850,957.85 | UGX 3,812,096.20 | ||||
True Price by Comp | |||||||||
Interest price component | 32.5% | 34.6% | 32.4% | 37.8% | 31.7% | ||||
Fee Component | 19.8% | 12.9% | 12.4% | 12.3% | 8.6% | ||||
Insurance Component | 2.5% | 2.1% | 2.1% | 2.1% | 2.2% | ||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Deposit Component | 11.0% | 9.8% | 9.3% | 10.2% | 8.4% | ||||
Full APR (int fee ins tax dep) | 65.8% | 59.4% | 56.2% | 62.4% | 50.9% | ||||
Transparency Index | 38 | 42 | 44 | 40 | 49 | ||||
Original Repayment Schedule | |||||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | USD 1,000 | USD 2,500 | USD 4,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-12-28 | 2013-12-12 | 2013-12-23 | ||
Loan Term (Months) | 12.0 months | 12.0 months | 49.0 months | ||
Grace Period (Months) | -0.1 months | 0.0 months | -0.1 months | ||
Total Cost of Credit | USD 104.04 | USD 263.51 | USD 1,722.69 | ||
True Price by Comp | |||||
Interest price component | 18.2% | 18.2% | 18.1% | ||
Fee Component | 0.7% | 0.0% | 0.0% | ||
Insurance Component | 0.0% | 0.6% | 0.6% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 18.9% | 18.8% | 18.7% | ||
Transparency Index | 48 | 48 | 48 | ||
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 |
---|---|---|---|---|---|---|---|
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 ∞ |