Outstanding portfolio (UGX) | UGX 4,488,475,067 |
Portfolio (USD) | USD 1,777,613.89 |
Active Clients with Loans | 2,951 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 20% - 40% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | x |
Consumer loan | |
Agriculture | |
Education | x |
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 |
Currency | UGX |
Minimum loan size | UGX 500,000 |
Maximum loan size | 10,000,000 |
Loans less than UGX 1,000,000 | 20% |
UGX 1,000,000-5,000,000 | 30% |
UGX 5,000,000-7,500,000 | 30% |
UGX 7,500,000-10,000,000 | 20% |
UGX 10,000,000-13,000,000 | 0 |
Greater than UGX 13,000,000 | 0 |
Shortest loan term | 6.0 months |
Longest loan term | 24.0 months |
Approx average | 15.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 15% |
Between 7 and 9 months | 40% |
Between 10 and 12 months | 40% |
Between 13 and 18 months | 5% |
Longer than 18 months | 0 |
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 |
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? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Application Fee |
% of loan amount - min | 2.00% |
% of loan amount - max | 2.00% |
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 | 40,000 |
Fixed amount - max | 40,000 |
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 |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | UGX 800,000 | UGX 1,500,000 | UGX 2,500,000 | UGX 6,000,000 | UGX 8,000,000 | ||||
Loan Cycle (1, 2, 3, etc) | 5 | 3 | 3 | 7 | 7 | ||||
Disbursement Date | 2012-08-15 | 2012-07-19 | 2012-09-20 | 2012-09-05 | 2012-09-20 | ||||
Loan Term (Months) | 6.0 months | 10.0 months | 10.0 months | 12.0 months | 12.0 months | ||||
Grace Period (Months) | 1.0 month | 1.0 month | 1.0 month | 1.0 month | 1.0 month | ||||
Total Cost of Credit | UGX 190,400 | UGX 490,000 | UGX 790,000 | UGX 2,176,000 | UGX 2,888,000 | ||||
True Price by Comp | |||||||||
Interest price component | 53.9% | 55.5% | 56.0% | 56.0% | 56.0% | ||||
Fee Component | 7.2% | 4.8% | 4.8% | 4.1% | 4.1% | ||||
Insurance Component | 18.8% | 6.5% | 3.9% | 1.4% | 1.1% | ||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Full APR (int fee ins tax dep) | 79.9% | 66.8% | 64.7% | 61.5% | 61.2% | ||||
Transparency Index | 38 | 45 | 46 | 49 | 49 | ||||
Original Repayment Schedule | |||||||||
MFT Pricing Calculation |
Institution Type | Bank |
Is this institution regulated? | Yes |
Website address | http://www.bancofie.com.bo/ |
Year established | 1985 |
Head of Institution | Andrés Urquidi |
Regions active | Beni , Chuquisaca , Cochabamba , La Paz , Oruro , Pando , Potosí, Santa Cruz, Tarija |
# Branches | 144 |
Total Portfolio (nat'l) | BOB 3,842,958,060 |
Total Portfolio (USD) | USD 569,327,120 |
Active clients with loans | 231,888 |
Approximate % female clients | 40% - 60% |
Approximate % urban clients | 60% - 80% |
Network affiliations | GAVB, ASOFIN |
Funders | CONFIE, DWM Funds S.C.A.-SICAV SIF, CPP Incofin C.V.S.O., Oikocredit |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Créditos Garantia Hipotecaria (BOB) | BOB 15,000 - 9,115,000 | 18 - 144 | 20% - 40% | 60% - 80% | Any Purpose | Women, Men, Have business, Have home or land | Credit Educ | |||||||
Créditos Garantia Hipotecaria (USD) | USD 3,000 - 692,000 | 24 - 120 | 20% - 40% | 60% - 80% | Any Purpose | Women, Men, Have business, Have home or land | Credit Educ | |||||||
Créditos Garantia Vehículo (BOB) | BOB 200 - 1,175,804 | 1 - 120 | 40% - 60% | 60% - 80% | Any Purpose | Women, Men, Have business | Credit Educ | |||||||
Créditos Garantia Vehículo (USD) | USD 500 - 137,600 | 6 - 120 | 20% - 40% | 60% - 80% | Any Purpose | Women, Men, Have business | Credit Educ | |||||||
Créditos Otros Garantia (BOB) | BOB 200 - 742,252 | 1 - 120 | 20% - 40% | 60% - 80% | Any Purpose | Women, Men, Have business | Credit Educ | |||||||
Créditos Otros Garantia (USD) | USD 310 - 80,000 | 1 - 120 | 20% - 40% | 80% - 100% | Any Purpose | Women, Men, Have business | Credit Educ |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Créditos Garantia Hipotecaria (BOB) | 9.0%-15.0% annual, Decl Bal | 0 Fees | 0 Ins | None | N/A | 12.5% - 14.1% | 12.5% - 14.1% | 63 | ||||||||
Créditos Garantia Hipotecaria (USD) | 10.0%-16.0% annual, Decl Bal | 0 Fees | 0 Ins | 0.15% Principal | N/A | 13.1% - 14.1% | 13.1% - 14.1% | 65 | ||||||||
Créditos Garantia Vehículo (BOB) | 12.0%-17.0% annual, Decl Bal | 0 Fees | 0 Ins | None | N/A | 13.8% - 16.6% | 13.8% - 16.6% | 53 | ||||||||
Créditos Garantia Vehículo (USD) | 14.0%-19.0% annual, Decl Bal | 0 Fees | 0 Ins | 0.15% Principal | N/A | 15.3% - 17% | 15.3% - 17% | 55 | ||||||||
Créditos Otros Garantia (BOB) | 15.0%-26.0% annual, Decl Bal | 0 Fees | 0 Ins | None | N/A | 18.1% - 26.1% | 18.1% - 26.1% | 63 | ||||||||
Créditos Otros Garantia (USD) | 16.0%-27.0% annual, Decl Bal | 0 Fees | 0 Ins | 0.15% Principal | N/A | 22.1% - 26.6% | 22.1% - 26.6% | 39 |
Key Statistics | |
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# 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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