Number borrowers | 2,506 |
Loan Amount (range) | UGX 50,000 - 15,000,000 |
Loan Term (range) | 6 - 12 |
Other Services (text summary) | Credit Educ, Group Mtgs, Tech Asst Visits, Business Training |
Annual Interest & Method | 33.60% annual, Flat |
Fees | 2.50% upfront |
Insurance | 30,000 upfront |
Tax | None |
Comp Dep | 20.00% upfront |
Range of pricing | |
Interest Price Component | 27.7% - 58.0% |
Fee Component | 1.5% - 9.9% |
Insurance Component | 0.2% - 25.6% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 41.2% - 93.3% |
Transparency Index (min/max) | 36 - 86 |
Transparency Index (average) | 54 |
Outstanding portfolio (UGX) | UGX 629,379,090 |
Portfolio (USD) | USD 249,259.05 |
Active Clients with Loans | 2,506 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 20% - 40% |
Individual | x |
Solidarity group | |
Village banking | x |
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 | x |
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 | |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | 1 |
# Regions for this product | 1 |
Regions Active | Western |
Outstanding portfolio (USD) | USD 54,848 |
Portfolio (USD) | USD 54,848 |
Active Clients with Loans | 29 |
Approximate % Female Clients | 0% - 20% |
Approximate % Urban Clients | 20% - 40% |
Any purpose | |
Income generation | |
Mortgage/housing | |
Consumer loan | x |
Agriculture | |
Education | |
Other household finance | x |
Other | |
Other (2) |
Men | x |
Women | x |
Must run a business | x |
Must own a home or land | |
Must be a salaried worker | x |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | 9 |
# Regions for this product | N/A |
Regions Active |
Currency | UGX |
Minimum loan size | UGX 50,000 |
Maximum loan size | 15,000,000 |
Loans less than UGX 1,000,000 | 15% |
UGX 1,000,000-5,000,000 | 15% |
UGX 5,000,000-7,500,000 | 20% |
UGX 7,500,000-10,000,000 | 20% |
UGX 10,000,000-13,000,000 | 15% |
Greater than UGX 13,000,000 | 15% |
Shortest loan term | 6.0 months |
Longest loan term | 12.0 months |
Approx average | 8.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 10% |
Between 7 and 9 months | 50% |
Between 10 and 12 months | 40% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | x |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 2.80% |
Highest quoted nominal interest | 2.80% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Application Fee |
% of loan amount - min | 2.50% |
% of loan amount - max | 2.50% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Life Insurance |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 30,000 |
Fixed amount - max | 30,000 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Required for | Some |
Criteria | Clients must be organised under a village bank |
Is deposit indicated on the repayment schedule? | No |
Do borrowers control deposit in their group? | Yes |
% loan amount deposited | 20.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 10.00% |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | Final Pmt |
Minimum interest rate paid | 0 |
Maximum interest rate paid | 0 |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | UGX 700,000 | UGX 1,000,000 | UGX 2,500,000 | UGX 8,800,000 | UGX 9,200,000 | UGX 9,900,000 | |||||
Loan Cycle (1, 2, 3, etc) | 1 | 1 | 2 | 5 | 1 | 4 | |||||
Disbursement Date | 2012-05-07 | 2012-07-23 | 2012-06-04 | 2012-07-16 | 2012-09-05 | 2012-07-02 | |||||
Loan Term (Months) | 9.0 months | 6.0 months | 10.0 months | 6.0 months | 6.0 months | 6.0 months | |||||
Grace Period (Months) | 3.1 months | 3.1 months | 1.0 month | 6.1 months | 6.0 months | 6.1 months | |||||
Total Cost of Credit | UGX 205,000 | UGX 205,000 | UGX 717,500 | UGX 1,570,000 | UGX 1,640,000 | UGX 1,762,500 | |||||
True Price by Comp | |||||||||||
Interest price component | 41.0% | 37.3% | 50.1% | 27.7% | 28.2% | 27.7% | |||||
Fee Component | 5.2% | 6.8% | 5.9% | 5.1% | 5.1% | 5.1% | |||||
Insurance Component | 9.3% | 8.4% | 2.9% | 0.7% | 0.7% | 0.6% | |||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Deposit Component | 25.0% | 20.5% | 34.4% | 7.8% | 7.9% | 7.8% | |||||
Full APR (int fee ins tax dep) | 80.5% | 73.0% | 93.3% | 41.3% | 41.9% | 41.2% | |||||
Transparency Index | 42 | 46 | 36 | 81 | 80 | 82 | |||||
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 |
---|---|---|---|---|---|---|---|
X Axis | ||||||
---|---|---|---|---|---|---|
Greater than: | ||||||
Less or equal to: | ||||||
N (# of Samples) | ||||||
Total Borrrowers of Samples | ||||||
Avg | ||||||
Min | ||||||
Max | ||||||
Std Dev | ||||||
By Inst Type | ||||||
By Country | ||||||
X Axis | ||||||
---|---|---|---|---|---|---|
Greater than: | ||||||
Less or equal to: | ||||||
From 0 to | ||||||
to | ||||||
to | ||||||
to ∞ |