2. Hofokam
Please note that the information you are viewing is 148 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. DSPI
Please note that the information you are viewing is 162 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: 148 months
Choose version

Institution

Daan sa Pag-Unlad, Inc. 17 Gallardo St.CataningBalanga City, Bataan2100
Data approved: 2011-11-15
Data version: 1
Age of data: 162 months

Product

School Fees Loan Product 4 of 6 « Prev | Next »

Product

Group Loan Product 2 of 3 « Prev | Next »

Product Summary

Number borrowers140
Loan Amount (range)UGX 700,000 - 1,500,000
Loan Term (range)6 - 8
Other Services (text summary)Credit Educ, Group Mtgs, Tech Asst Visits, Business Training
Annual Interest & Method33.60% annual, Flat
Fees2.00% upfront
Insurance20,000 upfront
TaxNone
Comp DepN/A
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)66.1% - 76.2%
Transparency Index (min/max)36 - 86
Transparency Index (average)47

Product Summary

58,881
PHP 5,000 - 50,000
6
Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Formation Program, Provision of Social Services (medical mission, etc.)
32.0% annual, Flat
4.00% upfront 10.00% ongoing
185.00 upfront
None
5.0% upfront 50.00 ongoing
 
N/A
83.1% (Int+Fee)
1.1% - 29.7%
0
101.0% - 122.1%
23 - 61
29

Product Details

Key Statistics
Outstanding portfolio (UGX)UGX 322,443,570
Portfolio (USD)USD 127,700.42
Active Clients with Loans140
Approximate % Female Clients20% - 40%
Approximate % Urban Clients20% - 40%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
HOFOKAM Clients with short term liquidity constraints towards meeting school fees obligations
Loan Purpose
Any purpose
Income generation
Mortgage/housing
Consumer loan
Agriculture
Educationx
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 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 institution1
# Regions for this product1
Regions ActiveWestern

Product Details

Key Statistics
Outstanding portfolio (PHP)PHP 146,251,900
Portfolio (USD)USD 3,498,849.28
Active Clients with Loans58,881
Approximate % Female Clients80% - 100%
Approximate % Urban Clients80% - 100%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Credit extended to members for income-generating activities, using group lending methodology.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetingsx
Credit insurancex
Workplace visitsx
Business trainingx
Other training
OtherFormation Program
Other (2)Provision of Social Services (medical mission, etc.)
No other services
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 institutionN/A
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyUGX
Minimum loan sizeUGX 700,000
Maximum loan size1,500,000
Distribution at Disbursement (Est.)
Loans less than UGX 1,000,00050%
UGX 1,000,000-5,000,00050%
UGX 5,000,000-7,500,0000
UGX 7,500,000-10,000,0000
UGX 10,000,000-13,000,0000
Greater than UGX 13,000,0000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term8.0 months
Approx average7.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months100%
Between 7 and 9 months0
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeksx
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyPHP
Minimum loan sizePHP 5,000
Maximum loan size50,000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term6.0 months
Approx average6.0 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
Every 2 weeksx
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
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 - min2.00%
% of loan amount - max2.00%
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 - min20,000
Fixed amount - max20,000
Reason for variationN/A
Appears on Repayment Sched?No
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?No

Pricing Information

Interest
Lowest quoted nominal interest32.00%
Highest quoted nominal interest32.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionService Charge
% of loan amount - min4.00%
% of loan amount - max4.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation
Appears on Repayment Sched?Yes
Ongoing Fees
Fee 1
DescriptionLoan Liquidity Fund
% of loan amount - min10.00%
% of loan amount - max10.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Upfront Insurance Fees
Ins 1
DescriptionCredit-Life Insurance
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min185
Fixed amount - max185
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?Yes
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited5.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount depositedPHP 50
Conditions on access to depositAccess During
Interest Paid on Deposit
Minimum interest rate paid5.00%
Maximum interest rate paid5.00%
Interest payment frequencyEnd Term
Taxes
Are taxes charged on this product?No
Additional Comments
CBU withdrawals allowed as long as within the 3% maintaining balance.Weekly CBU deposit is based on the loan amount (P5-3) Interest on savings is computed upon resignation. Member has option to insure family members. P1 is collected as Pondong Damayan Fee to be used in case a member dies. Collections are made only when fund is used up.

Full Pricing Data

School Fees Loan samples
Sample 1Sample 2Sample 3
Loan AmountUGX 800,000UGX 700,000UGX 1,500,000
Loan Cycle (1, 2, 3, etc)877
Disbursement Date2012-09-122012-09-142011-12-13
Loan Term (Months)6.0 months4.1 months6.0 months
Grace Period (Months)1.0 month1.0 month1.0 month
Total Cost of CreditUGX 170,400UGX 112,400UGX 302,000
True Price by Comp     
Interest price component54.4%51.6%54.0%
Fee Component7.2%9.9%7.2%
Insurance Component9.3%14.7%4.9%
Tax Component0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)70.9%76.2%66.1%
Transparency Index474451
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF

Full Pricing Data

Group Loan samples
Sample 1Sample 2Sample 3
Loan AmountPHP 7,000PHP 15,000PHP 30,000
Loan Cycle (1, 2, 3, etc)333
Disbursement Date2011-06-152011-06-172011-06-17
Loan Term (Months)6.0 months6.0 months6.0 months
Grace Period (Months)0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot Known
True Price by Comp     
Interest and Fee Component83.1%83.1%83.1%
Insurance Component11.6%5.4%2.7%
Tax Component0.0%0.0%0.0%
Deposit Component27.4%20.1%15.2%
Full APR (int fee ins tax dep)122.1%108.5%101.0%
Transparency Index262932
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
School Fees Loan Price Graphs
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.NGOInstitution TypeEducationLoan PurposeHofokamInstitutionUG-010-V02-P04ProductUGCountry2012YearRange Number2Institution Data Version0500,0001,000,0001,500,000Loan Size (all)0%20%40%60%80%Full APR (int fee ins tax dep)> 70304Number of Borrowers
Click to view Price Analysis Tool
Group Loan Price Graphs
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.NGOInstitution TypeBusinessLoan PurposeDSPIInstitutionPH-016-V01-P02ProductPHCountry2011YearRange Number1Institution Data Version05,00010,00015,00020,00025,00030,000Loan Size (all)0%50%100%Full APR (int fee ins tax dep)> 17,00013,0008,8004,400400Number of Borrowers** Note: not all bubble sizes in this graph represent number of borrowers, as some samples do not have this data available. These bubbles are shown as a uniform small size. The pop-up text on each bubble will indicate the product scale and the sample scale.
Click to view Price Analysis Tool
Caps / Zoom options
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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