| Number borrowers | 573 |
| Loan Amount (range) | UGX 250,000 - 10,000,000 |
| 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 | 2.00% upfront |
| Insurance | 20,000 upfront |
| Tax | None |
| Comp Dep | N/A |
| 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) | 39.2% - 45.8% |
| Transparency Index (min/max) | 36 - 86 |
| Transparency Index (average) | 81 |
| Outstanding portfolio (UGX) | UGX 577,056,912 |
| Portfolio (USD) | USD 228,537.39 |
| Active Clients with Loans | 573 |
| Approximate % Female Clients | 20% - 40% |
| Approximate % Urban Clients | 20% - 40% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | |
| Mortgage/housing | x |
| Consumer loan | x |
| 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 | |
| Must own a home or land | |
| Must be a salaried worker | x |
| Must be specific age group | x |
| Other | |
| Other (2) |
| # Regions for this institution | 1 |
| # Regions for this product | 1 |
| Regions Active | Western |
| Currency | UGX |
| Minimum loan size | UGX 250,000 |
| 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 | 12.0 months |
| Approx average | 8.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 40% |
| Between 7 and 9 months | 40% |
| Between 10 and 12 months | 20% |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | |
| Every 2 weeks | x |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 2.80% |
| 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 | 2.00% |
| % 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 | 20,000 |
| Fixed amount - max | 20,000 |
| 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 | Sample 6 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | UGX 800,000 | UGX 1,000,000 | UGX 1,500,000 | UGX 3,200,000 | UGX 4,500,000 | UGX 10,000,000 | |||||
| Loan Cycle (1, 2, 3, etc) | 2 | 3 | 1 | 2 | 4 | 7 | |||||
| Disbursement Date | 2012-07-04 | 2012-07-10 | 2012-07-26 | 2012-07-19 | 2012-08-30 | 2012-07-13 | |||||
| Loan Term (Months) | 11.0 months | 13.0 months | 25.0 months | 38.0 months | 38.0 months | 25.0 months | |||||
| Grace Period (Months) | 2.1 months | 2.1 months | 2.1 months | 2.1 months | 2.0 months | 2.1 months | |||||
| Total Cost of Credit | UGX 214,660 | UGX 300,240 | UGX 794,492 | UGX 2,505,016 | UGX 3,514,556 | UGX 5,183,256 | |||||
| True Price by Comp | |||||||||||
| Interest price component | 37.1% | 37.1% | 37.2% | 37.3% | 37.4% | 37.2% | |||||
| Fee Component | 3.9% | 3.4% | 2.0% | 1.5% | 1.5% | 2.0% | |||||
| Insurance Component | 4.8% | 3.4% | 1.3% | 0.4% | 0.4% | 0.2% | |||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
| Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
| Full APR (int fee ins tax dep) | 45.8% | 43.9% | 40.5% | 39.2% | 39.3% | 39.4% | |||||
| Transparency Index | 73 | 77 | 83 | 86 | 86 | 85 | |||||
| Original Repayment Schedule | |||||||||||
| MFT Pricing Calculation |
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| % 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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