| Number borrowers | 9,843 |
| Loan Amount (range) | UGX 50,000 - 5,000,000 |
| Loan Term (range) | 4 - 12 |
| Other Services (text summary) | Credit Educ, Group Mtgs, Tech Asst Visits, Business Training |
| Annual Interest & Method | 36.00% annual, Flat |
| Fees | 2.00% upfront |
| Insurance | 20,000 upfront |
| Tax | None |
| Comp Dep | 20.00% upfront |
| 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) | 67.0% - 69.1% |
| Transparency Index (min/max) | 36 - 86 |
| Transparency Index (average) | 52 |
| 2,000 |
| PHP 20,000 - 150,000 |
| 3 - 24 |
| Tech Asst Visits, Other Training, Mortuary Fund/Life insurance |
| 24.0% annual, Flat |
| 4.00% upfront |
| 10.00% upfront |
| 0.50% loan amt |
| 2.0% upfront |
| N/A |
| 38.3% - 55.9% (Int+Fee) |
| 0.1% - 14.6% |
| 1.1% - 7.0% |
| 41.1% - 60.3% |
| 22 - 58 |
| 46 |
| Outstanding portfolio (UGX) | UGX 1,572,430,114 |
| Portfolio (USD) | USD 622,744.60 |
| Active Clients with Loans | 9,843 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | |
| Solidarity group | x |
| Village banking | x |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| 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 | 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 |
| Outstanding portfolio (PHP) | PHP 30,000,000 |
| Portfolio (USD) | USD 717,703.35 |
| Active Clients with Loans | 2,000 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 20% - 40% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | |
| Group meetings | |
| Credit insurance | |
| Workplace visits | x |
| Business training | |
| Other training | x |
| Other | Mortuary Fund/Life insurance |
| Other (2) | |
| No other services |
| Men | x |
| Women | x |
| Must run a business | |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Currency | UGX |
| Minimum loan size | UGX 50,000 |
| Maximum loan size | 5,000,000 |
| Loans less than UGX 1,000,000 | 50% |
| UGX 1,000,000-5,000,000 | 50% |
| UGX 5,000,000-7,500,000 | 0 |
| UGX 7,500,000-10,000,000 | 0 |
| UGX 10,000,000-13,000,000 | 0 |
| Greater than UGX 13,000,000 | 0 |
| Shortest loan term | 4.0 months |
| Longest loan term | 12.0 months |
| Approx average | 8.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 50% |
| Between 10 and 12 months | 50% |
| 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 | PHP |
| Minimum loan size | PHP 20,000 |
| Maximum loan size | 150,000 |
| Shortest loan term | 3.0 months |
| Longest loan term | 24.0 months |
| Approx average | 12.0 months |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | x |
| 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 | 3.00% |
| Highest quoted nominal interest | 3.00% |
| 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 | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | No |
| Do borrowers control deposit in their group? | Yes |
| % loan amount deposited | 20.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 10.00% |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | Final Pmt |
| Minimum interest rate paid | 0 |
| Maximum interest rate paid | 0 |
| Interest payment frequency | N/A |
| Are taxes charged on this product? | No |
| Lowest quoted nominal interest | 2.00% |
| Highest quoted nominal interest | 2.00% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Service Charge |
| % of loan amount - min | 4.00% |
| % of loan amount - max | 4.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | |
| Appears on Repayment Sched? | Yes |
| Ins 1 | |
|---|---|
| Description | Paramount Insurance (for loans >P50,000) |
| % of loan amount - min | 10.00% |
| % of loan amount - max | 10.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | |
| Do borrowers control deposit in their group? |
| % loan amount deposited | 2.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | When Leaving |
| Minimum interest rate paid | 0 |
| Maximum interest rate paid | 0 |
| Interest payment frequency | N/A |
| Are taxes charged on this product? | Yes |
| Percentage of fees | 0 |
| All or some fees taxed | N/A |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | UGX 2,250,000 | UGX 2,300,000 | UGX 2,500,000 | UGX 3,000,000 | |||
| Loan Cycle (1, 2, 3, etc) | 4 | 6 | 8 | 15 | |||
| Disbursement Date | 2012-08-03 | 2012-09-19 | 2012-05-05 | 2012-07-23 | |||
| Loan Term (Months) | 6.0 months | 4.1 months | 4.1 months | 6.0 months | |||
| Grace Period (Months) | 1.0 month | 1.0 month | 1.0 month | 0.0 months | |||
| Total Cost of Credit | UGX 470,000 | UGX 342,000 | UGX 370,000 | UGX 620,000 | |||
| True Price by Comp | |||||||
| Interest price component | 57.3% | 54.8% | 54.6% | 57.4% | |||
| Fee Component | 7.2% | 9.9% | 9.8% | 7.2% | |||
| Insurance Component | 3.2% | 4.4% | 4.0% | 2.4% | |||
| 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) | 67.7% | 69.1% | 68.4% | 67.0% | |||
| Transparency Index | 53 | 52 | 53 | 54 | |||
| Original Repayment Schedule | |||||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | PHP 30,000 | PHP 60,000 | PHP 80,000 | PHP 120,000 | |||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
| Disbursement Date | 2011-04-14 | 2011-09-01 | 2011-06-30 | 2011-02-25 | |||
| Loan Term (Months) | 12.0 months | 6.0 months | 12.0 months | 24.0 months | |||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||
| Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | |||
| True Price by Comp | |||||||
| Interest and Fee Component | 50.8% | 55.9% | 50.8% | 38.3% | |||
| Insurance Component | 0.2% | 0.4% | 0.2% | 0.1% | |||
| Tax Component | 1.1% | 2.0% | 1.1% | 1.3% | |||
| Deposit Component | 1.8% | 2.0% | 1.8% | 1.4% | |||
| Full APR (int fee ins tax dep) | 53.9% | 60.3% | 53.9% | 41.1% | |||
| Transparency Index | 44 | 40 | 45 | 58 | |||
| Original Repayment Schedule | |||||||
| MFT Pricing Calculation |
| 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 |
| Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
|---|---|---|---|---|---|---|---|
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