Number borrowers | 858 |
Loan Amount (range) | UGX 100,000 - 3,000,000 |
Loan Term (range) | 4 - 24 |
Other Services (text summary) | Credit Educ, Credit Ins |
Annual Interest & Method | 24.00%-60.00% annual, Flat |
Fees | 2 fees |
Insurance | 1.00% upfront |
Tax | None |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | 40.2% - 41.0% |
Fee Component | 4.6% - 15.3% |
Insurance Component | 2.0% - 3.0% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 47.7% - 58.5% |
Transparency Index (min/max) | 41 - 50 |
Transparency Index (average) | 47 |
44,667 |
PHP 10,000 - 200,000 |
3 - 12 |
Group Mtgs, Credit Ins |
24.0% annual, Flat |
None |
20.00 ongoing N |
None |
10.0% upfront 30.00 ongoing |
N/A |
44.2% - 46.3% (Int+Fee) |
2.3% - 13.2% |
0 |
58.5% - 75.7% |
32 - 41 |
37 |
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% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | |
Mortgage/housing | x |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | |
Credit insurance | x |
Workplace visits | |
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 | x |
Must be a salaried worker | x |
Must be specific age group | |
Other | Must be between 18-65 years in age |
Other (2) |
# Regions for this institution | 1 |
# Regions for this product | 1 |
Regions Active | Central |
Outstanding portfolio (PHP) | PHP 393,049,789.90 |
Portfolio (USD) | USD 9,403,105.02 |
Active Clients with Loans | 44,667 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 20% - 40% |
Individual | x |
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 | |
Group meetings | x |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services |
Men | x |
Women | x |
Must run a business | |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Currency | UGX |
Minimum loan size | UGX 100,000 |
Maximum loan size | 3,000,000 |
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 |
Shortest loan term | 4.0 months |
Longest loan term | 24.0 months |
Approx average | 18.0 months |
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 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 | PHP |
Minimum loan size | PHP 10,000 |
Maximum loan size | 200,000 |
Shortest loan term | 3.0 months |
Longest loan term | 12.0 months |
Approx average | 0 |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | x |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
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 |
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 |
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 |
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 |
Lowest quoted nominal interest | 2.00% |
Highest quoted nominal interest | 2.00% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Ins 1 | Ins 2 | ||
---|---|---|---|
Description | Life Insurance | Hospital Income Benefit (HIB) | |
% of loan amount - min | 0 | 0 | |
% of loan amount - max | 0 | 0 | |
OR, Fixed amount - min | 20 | 2.50 | |
Fixed amount - max | 20 | 2.50 | |
Reason for variation | N/A | N/A | |
Appears on Repayment Sched? | No | No |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | |
Do borrowers control deposit in their group? |
% loan amount deposited | 10.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | PHP 30 |
Conditions on access to deposit | When Leaving |
Minimum interest rate paid | 5.00% |
Maximum interest rate paid | 5.00% |
Interest payment frequency | Quarterly |
Are taxes charged on this product? | No |
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 | |||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | PHP 15,000 | PHP 30,000 | PHP 30,000 | PHP 60,000 | PHP 90,000 | ||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
Disbursement Date | 2011-09-15 | 2011-09-20 | 2011-08-04 | 2011-05-18 | 2011-03-23 | ||||
Loan Term (Months) | 11.7 months | 11.7 months | 12.0 months | 11.7 months | 8.6 months | ||||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | ||||
Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
True Price by Comp | |||||||||
Interest and Fee Component | 45.8% | 45.8% | 44.2% | 45.8% | 46.3% | ||||
Insurance Component | 13.2% | 6.7% | 6.4% | 3.3% | 2.3% | ||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Deposit Component | 16.7% | 12.3% | 11.4% | 10.3% | 9.9% | ||||
Full APR (int fee ins tax dep) | 75.7% | 64.8% | 62.0% | 59.5% | 58.5% | ||||
Transparency Index | 32 | 37 | 39 | 40 | 41 | ||||
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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