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
Institution
Data approved: 2012-09-11
Data version: 2
Age of data: 144 months
Key Statistics
| Outstanding portfolio (UGX) | UGX 663,768,900 |
| Portfolio (USD) | USD 265,508 |
| Active Clients with Loans | 858 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 0% - 20% |
Methodology
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other | |
Description
These loans are for contruction, extention, renovation and improvement of residential properties.
Loan Purpose
| Any purpose | |
| Income generation | |
| Mortgage/housing | x |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) | |
Included Services
| Credit education | x |
| Group meetings | |
| Credit insurance | x |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services | |
Eligibility
| Men | x |
| Women | x |
| Must run a business | x |
| Must own a home or land | x |
| Must be a salaried worker | x |
| Must be specific age group | |
| Other | Must be between 18-65 years in age |
| Other (2) | |
Portfolio Size by Product
Geographic Coverage
| # Regions for this institution | 1 |
| # Regions for this product | 1 |
| Regions Active | Central |
Loan Conditions
Loan Amount
| Currency | UGX |
| Minimum loan size | UGX 100,000 |
| Maximum loan size | 3,000,000 |
Distribution at Disbursement (Est.)
| Loans less than UGX 1,000,000 | 50% |
| UGX 1,000,000-5,000,000 | 50% |
| 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 |
Loan Term and Grace Period
| Shortest loan term | 4.0 months |
| Longest loan term | 24.0 months |
| Approx average | 18.0 months |
Distribution at Disbursement (Est.)
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 5% |
| Between 7 and 9 months | 5% |
| Between 10 and 12 months | 15% |
| Between 13 and 18 months | 30% |
| Longer than 18 months | 45% |
Grace Period
| Grace period usage | 0 |
| Average grace period | 0 |
Repayment Frequency
| 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 | |
Pricing Information
Interest
| Lowest quoted nominal interest | 2.00% |
| Highest quoted nominal interest | 5.00% |
| Reason(s) why interest rate varies | 5% for 1 month grace period. Reduced to 2% for the remainder if verified for housing |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | No |
Upfront Fees
| Fee 1 | | Fee 2 |
|---|
| Description | Administration Fee | | Application Fee |
| % of loan amount - min | 2.00% | | 0 |
| % of loan amount - max | 2.00% | | 0 |
| OR, Fixed amount - min | 0 | | 10,000 |
| Fixed amount - max | 0 | | 10,000 |
| Reason for variation | N/A | | N/A |
| Appears on Repayment Sched? | No | | No |
Ongoing Fees
This product has no ongoing feesUpfront Insurance Fees
| Ins 1 |
|---|
| Description | Credit Life and Asset Insurance |
| % 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? | No |
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
| Required for | Never |
| Criteria | N/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 deposited | N/A |
| or, Fixed-amount deposited | N/A |
Deposits DURING period payments
| % loan amount deposited | N/A |
| or, Fixed-amount deposited | N/A |
| Conditions on access to deposit | N/A |
Interest Paid on Deposit
| Minimum interest rate paid | N/A |
| Maximum interest rate paid | N/A |
| Interest payment frequency | N/A |
Taxes
| Are taxes charged on this product? | No |
Additional Comments
The normal interest of 2% per month is charged on loans verified as used for housing, but 5% per month is charged for those loans that are diverted.
Full Pricing Data
Home Improvement Loan samples
| Sample 1 | | Sample 2 | | Sample 3 | | Sample 4 |
|---|
| Loan Amount | UGX 300,000 | | UGX 1,500,000 | | UGX 3,000,000 | | UGX 3,000,000 |
| Loan Cycle (1, 2, 3, etc) | 1 | | 3 | | Not Known | | Not Known |
| Disbursement Date | 2012-06-02 | | 2012-06-01 | | 2012-06-01 | | 2012-06-01 |
| Loan Term (Months) | 8.0 months | | 12.0 months | | 12.0 months | | 12.0 months |
| Grace Period (Months) | 1.0 month | | 1.0 month | | 1.0 month | | 1.0 month |
| Total Cost of Credit | UGX 67,000 | | UGX 415,000 | | UGX 820,000 | | UGX 820,000 |
| True Price by Comp | | | | | | | |
| Interest price component | 40.2% | | 41.0% | | 41.0% | | 41.0% |
| Fee Component | 15.3% | | 5.3% | | 4.6% | | 4.6% |
| Insurance Component | 3.0% | | 2.0% | | 2.1% | | 2.1% |
| Tax Component | 0.0% | | 0.0% | | 0.0% | | 0.0% |
| Deposit Component | 0.0% | | 0.0% | | 0.0% | | 0.0% |
| Full APR (int fee ins tax dep) | 58.5% | | 48.3% | | 47.7% | | 47.7% |
| Transparency Index | 41 | | 50 | | 50 | | 50 |
| | | | | | | | |
| Original Repayment Schedule | PDF | | PDF | | PDF | | PDF |
| MFT Pricing Calculation | PDF | | PDF | | PDF | | PDF |
Home Improvement Loan Price Graphs
