| 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 |
| 1,250 |
| PHP 5,000 - 15,000 |
| 5.8 |
| Credit Educ, Group Mtgs, Tech Asst Visits, Life insurance |
| 30.0% annual, Flat |
| 3.00% upfront |
| 375.00 upfront |
| 5.00% loan amt |
| 5.0% upfront 20.00 ongoing |
| N/A |
| 68.4% - 70.6% (Int+Fee) |
| 1.5% - 35.2% |
| 5.5% - 7.7% |
| 113.4% - 134.3% |
| 22 - 26 |
| 24 |
| 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 4,700,000 |
| Portfolio (USD) | USD 112,440.19 |
| Active Clients with Loans | 1,250 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 40% - 60% |
| Individual | |
| 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 | x |
| Group meetings | x |
| Credit insurance | |
| Workplace visits | x |
| Business training | |
| Other training | |
| Other | Life insurance |
| Other (2) | |
| No other services |
| Men | |
| Women | x |
| Must run a business | |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | Must have net income of > P2000 per month |
| 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 5,000 |
| Maximum loan size | 15,000 |
| Shortest loan term | 5.8 months |
| Longest loan term | 5.8 months |
| Approx average | 5.8 months |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | x |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | |
| 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 | 2.50% |
| Highest quoted nominal interest | 2.50% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Service Charge |
| % of loan amount - min | 3.00% |
| % of loan amount - max | 3.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | |
| Appears on Repayment Sched? | No |
| Ins 1 | |
|---|---|
| Description | Life Insurance |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 375 |
| Fixed amount - max | 375 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | |
| Do borrowers control deposit in their group? |
| % loan amount deposited | 5.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | PHP 20 |
| Conditions on access to deposit | When Leaving |
| Minimum interest rate paid | 1.00% |
| Maximum interest rate paid | 1.00% |
| Interest payment frequency | Quarterly |
| Are taxes charged on this product? | Yes |
| Percentage of fees | 0 |
| All or some fees taxed | N/A |
| 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 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | PHP 5,000 | PHP 6,000 | PHP 7,000 | PHP 8,000 | |||
| Loan Cycle (1, 2, 3, etc) | 2 | 3 | 17 | Not Known | |||
| Disbursement Date | 2011-05-20 | 2011-05-20 | 2011-05-20 | 2011-05-20 | |||
| Loan Term (Months) | 5.8 months | 5.8 months | 5.8 months | 5.8 months | |||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 5.0 months | |||
| Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | |||
| True Price by Comp | |||||||
| Interest and Fee Component | 70.6% | 68.4% | 70.6% | 70.6% | |||
| Insurance Component | 35.2% | 28.8% | 24.7% | 21.5% | |||
| Tax Component | 5.8% | 5.5% | 5.6% | 5.5% | |||
| Deposit Component | 22.7% | 18.9% | 17.3% | 15.8% | |||
| Full APR (int fee ins tax dep) | 134.3% | 121.6% | 118.2% | 113.4% | |||
| Transparency Index | 22 | 25 | 25 | 26 | |||
| 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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