| 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 |
| 5,195 |
| BOB 1,000 - 106,000 |
| 4 - 60 |
| Credit Ins |
| 18.0%-34.0% annual, Decl Bal |
| None |
| 0.16%-2.40% ongoing |
| None |
| N/A |
| 19.8% - 36.7% |
| 0 - 1.5% |
| 0 - 0.5% |
| 0 |
| 24.6% - 26.8% |
| 52 - 94 |
| 62 |
| 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 (BOB) | BOB 62,143,357.40 |
| Portfolio (USD) | USD 9,206,423.32 |
| Active Clients with Loans | 5,195 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 20% - 40% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | x |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | |
| 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 | |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | 6 |
| # Regions for this product | 6 |
| Regions Active | Chuquisaca , Cochabamba , Oruro , Potosí, Santa Cruz, Tarija |
| 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 |
| Currency | BOB |
| Minimum loan size | BOB 1,000 |
| Maximum loan size | 106,000 |
| Loans less than BOB 10,000 | 40% |
| BOB 10,000-40,000 | 50% |
| BOB 40,000-70,000 | 10% |
| BOB 70,000-100,000 | 0 |
| BOB 100,000-125,000 | 0 |
| Greater than BOB 125,000 | 0 |
| Shortest loan term | 4.0 months |
| Longest loan term | 60.0 months |
| Approx average | 26.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 15% |
| Between 13 and 18 months | 5% |
| Longer than 18 months | 80% |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | |
| Every 2 weeks | |
| Every 4 weeks | x |
| Monthly | x |
| Every 2 months | x |
| Quarterly | x |
| 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 |
| Lowest quoted nominal interest | 18.00% |
| Highest quoted nominal interest | 34.00% |
| Reason(s) why interest rate varies | Time as Client, Loan Size, Client Risk, Collateral, Loan Purpose |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Ins 1 | |
|---|---|
| Description | El Cliente Seguro de Vida |
| % of loan amount - min | 0.16% |
| % of loan amount - max | 2.40% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | La comisión es 0.04% mensual cargado sólo al saldo del préstamo pendiente. |
| Appears on Repayment Sched? | Yes |
| 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 |
| 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 |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | BOB 2,500 | BOB 7,000 | BOB 15,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2013-12-10 | 2013-12-05 | 2013-12-10 | ||
| Loan Term (Months) | 12.0 months | 18.0 months | 30.0 months | ||
| Grace Period (Months) | 0.0 months | 3.1 months | 0.0 months | ||
| Total Cost of Credit | BOB 417.17 | BOB 1,934.76 | BOB 5,210.65 | ||
| True Price by Comp | |||||
| Interest price component | 25.6% | 26.4% | 24.2% | ||
| Fee Component | 0.0% | 0.0% | 0.0% | ||
| Insurance Component | 0.4% | 0.4% | 0.4% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 0.0% | 0.0% | 0.0% | ||
| Full APR (int fee ins tax dep) | 26.0% | 26.8% | 24.6% | ||
| Transparency Index | 61 | 60 | 65 | ||
| 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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