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Institution
Data approved: 2012-09-11
Data version: 2
Age of data: 148 months
Description
These loans are for contruction, extention, renovation and improvement of residential properties.
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)
Portfolio Size by Product
Geographic Coverage
# Regions for this institution 1 # Regions for this product 1 Regions Active Central
Loan Conditions
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%
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 fees Upfront 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
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 sample s
Sample 1Sample 2Sample 3Sample 4Loan 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
0 100 Pricing Transparency Index Regulated Inst. Not Regulated Inst. NGO Institution Type Housing Loan Purpose Habitat Uganda Institution UG-009-V02-P01 Product UG Country 2012 Year Range Number 2 Institution Data Version 0 500,000 1,000,000 1,500,000 2,000,000 2,500,000 3,000,000 Loan Size (all) 0% 20% 40% 60% Full APR (int fee ins tax dep) > 400 200 20 Number of Borrowers
