2. Hofokam
Please note that the information you are viewing is 143 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. WMBL
Please note that the information you are viewing is 113 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Hofokam Ltd Head OfficeFort Portal, Western UgandaPO Box 228
Data approved: 2012-07-24
Data version: 2
Age of data: 143 months
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Institution

Waseela Microfinance Bank 3-A/2, Kaghan Road, F-8 Markaz, IslamabadIslamabad, Capital Territory44000
Data approved: 2015-06-04
Data version: 1
Age of data: 113 months

Product

Agriculture Loan Product 1 of 6 « Prev | Next »

Product

Waseela Khushhal Kisan Loan Product 2 of 3 « Prev | Next »

Product Summary

Number borrowers2,506
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 & Method33.60% annual, Flat
Fees2.50% upfront
Insurance30,000 upfront
TaxNone
Comp Dep20.00% upfront
Range of pricing 
Interest Price Component27.7% - 58.0%
Fee Component1.5% - 9.9%
Insurance Component0.2% - 25.6%
Tax Component Range0
Full APR (int fee ins tax dep)41.2% - 93.3%
Transparency Index (min/max)36 - 86
Transparency Index (average)54

Product Summary

8,912
PKR 20,000 - 60,000
3 - 12
29.0% annual, Flat
700.00 upfront
None
16.00% fees
N/A
 
25.4% - 27.1%
1.0% - 8.3%
0
0.2% - 1.3%
27.1% - 33.6%
74 - 100
98

Product Details

Key Statistics
Outstanding portfolio (UGX)UGX 629,379,090
Portfolio (USD)USD 249,259.05
Active Clients with Loans2,506
Approximate % Female Clients60% - 80%
Approximate % Urban Clients20% - 40%
Methodology
Individualx
Solidarity group
Village bankingx
Self help group
Other
Description
Loan for economically active individuals and groups engaged in crop farming and livestock businesses with diversified enterprises and cashflows that can pay off the loan
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurance
Workplace visitsx
Business trainingx
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or landx
Must be a salaried worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution1
# Regions for this product1
Regions ActiveWestern

Product Details

Key Statistics
Outstanding portfolio (PKR)PKR 308,090,243
Portfolio (USD)USD 3,025,446.19
Active Clients with Loans8,912
Approximate % Female Clients0% - 20%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
This is a financial facility offered to individuals engaged in Agricuture / livestock raising activities.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculturex
Education
Other household finance
OtherLivetsock
Other (2)
Included Services
Credit education
Group meetings
Credit insurance
Workplace visits
Business training
Other training
Other
Other (2)
No other servicesx
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution4
# Regions for this product4
Regions ActiveIslambad Capital Territory, Khyber Pakhtunkwa, Punjab, Sindh

Loan Conditions

Loan Amount
CurrencyUGX
Minimum loan sizeUGX 50,000
Maximum loan size15,000,000
Distribution at Disbursement (Est.)
Loans less than UGX 1,000,00015%
UGX 1,000,000-5,000,00015%
UGX 5,000,000-7,500,00020%
UGX 7,500,000-10,000,00020%
UGX 10,000,000-13,000,00015%
Greater than UGX 13,000,00015%
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term12.0 months
Approx average8.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months10%
Between 7 and 9 months50%
Between 10 and 12 months40%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeksx
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyPKR
Minimum loan sizePKR 20,000
Maximum loan size60,000
Distribution at Disbursement (Est.)
Loans less than PKR 10,0000
PKR 10,000-25,0000
PKR 25,000-50,000100%
PKR 50,000-75,0000
PKR 75,000-150,0000
Greater than PKR 150,0000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term12.0 months
Approx averageDK
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months10%
Between 7 and 9 months30%
Between 10 and 12 months60%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end paymentx
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest2.80%
Highest quoted nominal interest2.80%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionApplication Fee
% of loan amount - min2.50%
% of loan amount - max2.50%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionLife Insurance
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min30,000
Fixed amount - max30,000
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forSome
CriteriaClients must be organised under a village bank
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited20.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited10.00%
or, Fixed-amount deposited0
Conditions on access to depositFinal Pmt
Interest Paid on Deposit
Minimum interest rate paid0
Maximum interest rate paid0
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Pricing Information

Interest
Lowest quoted nominal interest29.00%
Highest quoted nominal interest29.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionLoan Processing Fee
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min700
Fixed amount - max700
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/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 depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?Yes
Percentage of fees16%
All or some fees taxedAll

Full Pricing Data

Agriculture Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountUGX 700,000UGX 1,000,000UGX 2,500,000UGX 8,800,000UGX 9,200,000UGX 9,900,000
Loan Cycle (1, 2, 3, etc)112514
Disbursement Date2012-05-072012-07-232012-06-042012-07-162012-09-052012-07-02
Loan Term (Months)9.0 months6.0 months10.0 months6.0 months6.0 months6.0 months
Grace Period (Months)3.1 months3.1 months1.0 month6.1 months6.0 months6.1 months
Total Cost of CreditUGX 205,000UGX 205,000UGX 717,500UGX 1,570,000UGX 1,640,000UGX 1,762,500
True Price by Comp           
Interest price component41.0%37.3%50.1%27.7%28.2%27.7%
Fee Component5.2%6.8%5.9%5.1%5.1%5.1%
Insurance Component9.3%8.4%2.9%0.7%0.7%0.6%
Tax Component0.0%0.0%0.0%0.0%0.0%0.0%
Deposit Component25.0%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 Index424636818082
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF

Full Pricing Data

Waseela Khushhal Kisan Loan samples
Loan Amount
Type of Sample
Disbursement Date
Loan Term (Months)
Grace Period (Months)
Total Cost of Credit
Full APR (int fee ins tax dep)
True Price by Component
Transparency Index
Original Repayment Schedule
MFT Pricing Calculation
Interest price component
Fee Component
Insurance Component
Tax Component
Deposit Component
PKR 25,000 Real 2015-05-04 11.0 months N/A PKR 7,480.87 29.3% 25.7% 3.1% 0.0% 0.5% 0.0% 99 PDF PDF
PKR 25,000 Generated 2015-06-01 11.8 months N/A PKR 7,962.68 28.9% 25.5% 2.9% 0.0% 0.5% 0.0% 100 - PDF
PKR 50,000 Real 2015-05-07 12.0 months N/A PKR 15,337.94 27.1% 25.4% 1.5% 0.0% 0.2% 0.0% 100 PDF PDF
PKR 50,000 Generated 2015-06-01 11.8 months N/A PKR 15,113.37 27.2% 25.5% 1.4% 0.0% 0.3% 0.0% 100 - PDF
PKR 26,000 Generated 2015-06-01 5.9 months N/A PKR 4,530.36 33.6% 27.1% 5.6% 0.0% 0.9% 0.0% 86 - PDF
PKR 27,000 Generated 2015-06-01 11.8 months N/A PKR 8,534.74 28.6% 25.5% 2.7% 0.0% 0.4% 0.0% 100 - PDF
PKR 28,000 Generated 2015-06-01 11.8 months N/A PKR 8,820.77 28.5% 25.5% 2.6% 0.0% 0.4% 0.0% 100 - PDF
PKR 30,000 Generated 2015-06-01 11.8 months N/A PKR 9,392.82 28.3% 25.5% 2.4% 0.0% 0.4% 0.0% 100 - PDF
PKR 40,000 Generated 2015-06-01 8.9 months N/A PKR 9,392.82 29.1% 26.3% 2.4% 0.0% 0.4% 0.0% 100 - PDF
PKR 60,000 Generated 2015-06-01 8.9 months N/A PKR 13,683.23 28.1% 26.3% 1.6% 0.0% 0.2% 0.0% 100 - PDF
Agriculture Loan Price Graphs


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Waseela Khushhal Kisan Loan Price Graphs


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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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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