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. FCB
Please note that the information you are viewing is 158 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

FCB Foundation 10 Mendoza St.Tagbilaran City, Bohol6300
Data approved: 2011-11-15
Data version: 1
Age of data: 158 months

Product

Myc4 Loan Product 2 of 2 « Prev | Next »

Product

Hiram (Group Loan) Product 2 of 2 « Prev | Next »

Product Summary

Number borrowers610
Loan Amount (range)UGX 1,000,000 - 30,000,000
Loan Term (range)6 - 24
Other Services (text summary)Tech Asst Visits
Annual Interest & Method25.00%-36.00% annual, Decl Bal
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)50.9% - 65.8%
Transparency Index (min/max)38 - 49
Transparency Index (average)42

Product Summary

10,000
PHP 3,000 - 100,000
6
Group Mtgs, Tech Asst Visits, Business Training, Bookeeping, consultancy, Mortuary Fund/Life Insurance
24.0% annual, Flat
6.00% ongoing
100.00 upfront
0.25% loan amt
4.0% upfront 20.00 ongoing
 
N/A
68.6% (Int+Fee)
0.1% - 14.6%
1.1% - 7.0%
81.7% - 111.2%
22 - 58
27

Product Details

Key Statistics
Outstanding portfolio (UGX)UGX 3,118,674,664
Portfolio (USD)USD 1,247,470
Active Clients with Loans610
Approximate % Female Clients20% - 40%
Approximate % Urban Clients60% - 80%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Loans offered in partnership with Myc4 (https://www.myc4.com ). Through this arrangement, loan applications are put on an online platform and interested investors provide funding to the clients.
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
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution3
# Regions for this product1
Regions ActiveCentral

Product Details

Key Statistics
Outstanding portfolio (PHP)PHP 70,000,000
Portfolio (USD)USD 1,674,641.15
Active Clients with Loans10,000
Approximate % Female Clients60% - 80%
Approximate % Urban Clients20% - 40%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Credit extended to borrowers for income-generating activities, using group lending methodology
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetingsx
Credit insurance
Workplace visitsx
Business trainingx
Other training
OtherBookeeping, consultancy
Other (2)Mortuary Fund/Life Insurance
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
OtherMust have experience running a business
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 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 months60%
Between 13 and 18 months5%
Longer than 18 months15%
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

Loan Conditions

Loan Amount
CurrencyPHP
Minimum loan sizePHP 3,000
Maximum loan size100,000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term6.0 months
Approx average6.0 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 payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest25.00%
Highest quoted nominal interest36.00%
Reason(s) why interest rate variesLoan Size, Depends on the investor who is funding the client.
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?Yes
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionLoan CommissionLoan Application Fee & Registration Fee
% of loan amount - min4.00%0
% of loan amount - max6.00%0
OR, Fixed amount - min015,000
Fixed amount - max035,000
Reason for variation6% for loans 500,000 to 5M, 4% for loans above 5M5000 stamp duty, 10000 for existing client, 30000 for new clients
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?No
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 interest2.00%
Highest quoted nominal interest2.00%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
Ongoing Fees
Fee 1
DescriptionService Charge (amortized)
% of loan amount - min6.00%
% of loan amount - max6.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Upfront Insurance Fees
Ins 1
DescriptionMortuary Fund
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min100
Fixed amount - max100
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited4.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount depositedPHP 20
Conditions on access to depositAccess During
Interest Paid on Deposit
Minimum interest rate paid3.00%
Maximum interest rate paid3.00%
Interest payment frequencyEnd Term
Taxes
Are taxes charged on this product?Yes
Percentage of fees0
All or some fees taxedN/A
Additional Comments
Borrower can withdraw from savings only after 2 loan cycles. Insurance is in-house. For loan amounts greater than P5, FCB has tie-up with Paramount Insurance. CBU is withdrawable only upon exit from the program. 2% of CBU is transferred to time deposit. Savings is withdrawable any time as long as 1% of loan amount is maintained

Full Pricing Data

Myc4 Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountUGX 1,418,397.12UGX 3,141,242.50UGX 6,023,052UGX 9,576,215UGX 10,799,556
Loan Cycle (1, 2, 3, etc)12322
Disbursement Date2012-05-282012-05-312012-03-072012-05-312012-02-21
Loan Term (Months)10.0 months12.0 months12.0 months12.0 months18.0 months
Grace Period (Months)0.2 months0.1 months0.2 months0.1 months0.1 months
Total Cost of CreditUGX 364,502.13UGX 880,553.76UGX 1,593,608.94UGX 2,850,957.85UGX 3,812,096.20
True Price by Comp         
Interest price component32.5%34.6%32.4%37.8%31.7%
Fee Component19.8%12.9%12.4%12.3%8.6%
Insurance Component2.5%2.1%2.1%2.1%2.2%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component11.0%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 Index3842444049
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF

Full Pricing Data

Hiram (Group Loan) samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountPHP 3,000PHP 6,000PHP 15,000PHP 28,000PHP 60,000PHP 90,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2011-09-022011-03-102011-03-142011-07-212011-07-152011-07-12
Loan Term (Months)5.8 months5.8 months6.0 months5.8 months5.8 months5.8 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot KnownNot KnownNot Known
True Price by Comp           
Interest and Fee Component68.6%68.6%68.6%68.6%68.6%68.6%
Insurance Component14.6%7.2%2.9%1.5%0.4%0.4%
Tax Component7.0%7.0%6.9%6.9%6.9%6.9%
Deposit Component20.9%12.1%7.9%6.7%6.0%5.8%
Full APR (int fee ins tax dep)111.2%94.9%86.3%83.7%81.9%81.7%
Transparency Index222528292929
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF
Myc4 Loan Price Graphs


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Hiram (Group Loan) 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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