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 |
1,693 |
PKR 40,000 - 100,000 |
18 |
Credit Educ, Group Mtgs, Business Training, Other Training |
15.0% annual, Flat |
5.00% upfront |
None |
None |
N/A |
25.5% - 37.1% |
5.2% - 10.9% |
0 |
0 |
33.5% - 34.9% |
0 - N/A |
N/A |
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 |
Outstanding portfolio (PKR) | PKR 51,864,804 |
Portfolio (USD) | USD 529,232.69 |
Active Clients with Loans | 1,693 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 20% - 40% |
Individual | |
Solidarity group | x |
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 | x |
Group meetings | x |
Credit insurance | |
Workplace visits | |
Business training | x |
Other training | x |
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 | x |
Other | |
Other (2) |
# Regions for this institution | 1 |
# Regions for this product | 1 |
Regions Active | Punjab |
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 |
Currency | PKR |
Minimum loan size | PKR 40,000 |
Maximum loan size | 100,000 |
Loans less than PKR 10,000 | 0 |
PKR 10,000-25,000 | 0 |
PKR 25,000-50,000 | 30% |
PKR 50,000-75,000 | 50% |
PKR 75,000-150,000 | 20% |
Greater than PKR 150,000 | 20% |
Shortest loan term | 18.0 months |
Longest loan term | 18.0 months |
Approx average | 18.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 0 |
Between 13 and 18 months | 100% |
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 | 2.80% |
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 |
Lowest quoted nominal interest | 15.00% |
Highest quoted nominal interest | 15.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Processing Fee |
% of loan amount - min | 5.00% |
% of loan amount - max | 5.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
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 |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | PKR 40,000 | PKR 50,000 | PKR 100,000 | PKR 100,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2013-11-25 | 2013-11-25 | 2013-12-14 | 2013-10-15 | |||
Loan Term (Months) | 18.0 months | 18.0 months | 18.0 months | 18.0 months | |||
Grace Period (Months) | -0.3 months | -0.3 months | 0.0 months | 0.0 months | |||
Total Cost of Credit | PKR 11,000.02 | PKR 13,750.06 | PKR 27,500.06 | PKR 27,500.06 | |||
True Price by Comp | |||||||
Interest price component | 27.6% | 27.6% | 26.5% | 26.5% | |||
Fee Component | 7.3% | 7.3% | 7.0% | 7.0% | |||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Full APR (int fee ins tax dep) | 34.9% | 34.9% | 33.5% | 33.5% | |||
Transparency Index | N/A | N/A | N/A | N/A | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Key Statistics | |
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# 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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