Number borrowers | 200 |
Loan Amount (range) | UGX 200,000 - 5,000,000 |
Loan Term (range) | 1 - 6 |
Other Services (text summary) | Credit Educ, Tech Asst Visits |
Annual Interest & Method | 36.00% annual, Flat |
Fees | 2 fees |
Insurance | 1.00% upfront |
Tax | None |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | 72.0% - 76.4% |
Fee Component | 17.6% - 21.9% |
Insurance Component | 2.9% - 5.1% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 95.0% - 99.2% |
Transparency Index (min/max) | 36 - 38 |
Transparency Index (average) | 37 |
219 |
PHP 60,000 - 120,000 |
12 - 36 |
Credit Educ, Credit Ins |
21.0% annual, Decl Bal |
4.00% upfront 100.00 upfront |
1.50% upfront 26.00 ongoing |
None |
6.5% upfront 26.00 ongoing |
N/A |
24.5% (Int+Fee) |
2.2% - 83.9% |
0 |
31.6% - 33.4% |
15 - 136 |
65 |
Outstanding portfolio (UGX) | UGX 200,000,000 |
Portfolio (USD) | USD 80,000 |
Active Clients with Loans | 200 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 60% - 80% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | x |
Agriculture | |
Education | x |
Other household finance | x |
Other | |
Other (2) |
Credit education | x |
Group meetings | |
Credit insurance | |
Workplace visits | x |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services |
Men | x |
Women | x |
Must run a business | x |
Must own a home or land | |
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 | Central |
Outstanding portfolio (PHP) | PHP 8,101,654.63 |
Portfolio (USD) | USD 193,819.49 |
Active Clients with Loans | 219 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 0% - 20% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | |
Mortgage/housing | |
Consumer loan | x |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | |
Credit insurance | x |
Workplace visits | |
Business training | |
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 | |
Must be specific age group | |
Other | Must have MIGS status |
Other (2) | Must be Coop member |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Currency | UGX |
Minimum loan size | UGX 200,000 |
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 | 1.0 month |
Longest loan term | 6.0 months |
Approx average | 4.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 70% |
Between 7 and 9 months | 20% |
Between 10 and 12 months | 5% |
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 |
Currency | PHP |
Minimum loan size | PHP 60,000 |
Maximum loan size | 120,000 |
Shortest loan term | 12.0 months |
Longest loan term | 36.0 months |
Approx average | 0 |
Grace period usage | 0 |
Average grace period | 0 |
Daily | x |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | |
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 | Loan Application Fee |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 10,000 |
Fixed amount - max | 10,000 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Fee 1 | |
---|---|
Description | Loan Monitoring Fee |
% of loan amount - min | 1.00% |
% of loan amount - max | 1.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Insurance Fee |
% of loan amount - min | 1.00% |
% of loan amount - max | 1.00% |
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 |
Lowest quoted nominal interest | 1.75% |
Highest quoted nominal interest | 1.75% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Service Fee | Notarial Fee | |
% of loan amount - min | 4.00% | 0 | |
% of loan amount - max | 4.00% | 0 | |
OR, Fixed amount - min | 0 | 100 | |
Fixed amount - max | 0 | 100 | |
Reason for variation | N/A | ||
Appears on Repayment Sched? | No | No |
Ins 1 | |
---|---|
Description | Credit Insurance |
% of loan amount - min | 1.50% |
% of loan amount - max | 1.50% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | MBA, Life and Retirement Insurance |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 26 |
Fixed amount - max | 26 |
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 | 6.50% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | PHP 26 |
Conditions on access to deposit | Access During |
Minimum interest rate paid | 3.00% |
Maximum interest rate paid | 3.00% |
Interest payment frequency | Annually |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | UGX 1,000,000 | UGX 4,000,000 | UGX 4,000,000 | UGX 5,000,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2012-06-15 | 2012-08-13 | 2012-08-02 | 2012-07-04 | |||
Loan Term (Months) | 4.1 months | 4.1 months | 4.1 months | 8.0 months | |||
Grace Period (Months) | 1.0 month | 1.0 month | 1.0 month | 1.0 month | |||
Total Cost of Credit | UGX 220,000 | UGX 850,000 | UGX 850,000 | UGX 2,060,000 | |||
True Price by Comp | |||||||
Interest price component | 72.2% | 72.0% | 72.0% | 76.4% | |||
Fee Component | 21.9% | 18.0% | 18.0% | 17.6% | |||
Insurance Component | 5.1% | 5.0% | 5.0% | 2.9% | |||
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) | 99.2% | 95.0% | 95.0% | 96.9% | |||
Transparency Index | 36 | 38 | 38 | 37 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | PHP 70,000 | PHP 90,000 | PHP 120,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2011-01-26 | 2011-03-09 | 2009-12-23 | ||
Loan Term (Months) | 35.0 months | 35.0 months | 35.0 months | ||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
Total Cost of Credit | Not Known | Not Known | Not Known | ||
True Price by Comp | |||||
Interest and Fee Component | 24.5% | 24.5% | 24.5% | ||
Insurance Component | 4.0% | 3.4% | 2.9% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 4.9% | 4.5% | 4.2% | ||
Full APR (int fee ins tax dep) | 33.4% | 32.4% | 31.6% | ||
Transparency Index | 63 | 65 | 67 | ||
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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