Institution Type | Credit Union / Cooperative |
Is this institution regulated? | No |
Website address | N/A |
Year established | 2004 |
Head of Institution | Robert Mugabi |
Regions active | Central |
# Branches | 2 |
Total Portfolio (nat'l) | UGX 150,795,428 |
Total Portfolio (USD) | USD 60,318.17 |
Active clients with loans | 156 |
Approximate % female clients | 40% - 60% |
Approximate % urban clients | 20% - 40% |
Network affiliations | AMFIU, UCA, UCSCU |
Funders |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Business Loan | UGX 200,000 - 5,000,000 | 1 - 6 | 40% - 60% | 60% - 80% | Business, Consumer, Education, Other | Women, Men, Have business | Credit Educ, Tech Asst Visits |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Business Loan | 36.00% annual, Flat | 2 Fees | 1 Ins | None | N/A | 90% - 94.1% | 95% - 99.2% | 37 |
Outstanding portfolio (PKR) | PKR 875,938,940 |
Portfolio (USD) | USD 8,601,720.39 |
Active Clients with Loans | 38,736 |
Approximate % Female Clients | 0% - 20% |
Approximate % Urban Clients | 60% - 80% |
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 | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services | x |
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 | 5 |
# Regions for this product | 4 |
Regions Active | Balochistan, Khyber Pakhtunkwa, Punjab, Sindh |
Currency | PKR |
Minimum loan size | PKR 10,000 |
Maximum loan size | 125,000 |
Loans less than PKR 10,000 | 0 |
PKR 10,000-25,000 | 20% |
PKR 25,000-50,000 | 60% |
PKR 50,000-75,000 | 15% |
PKR 75,000-150,000 | 5% |
Greater than PKR 150,000 | 5% |
Shortest loan term | 6.0 months |
Longest loan term | 24.0 months |
Approx average | 12.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 100% |
Between 13 and 18 months | 0 |
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 | 23.00% |
Highest quoted nominal interest | 23.00% |
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 | 0 |
% of loan amount - max | 2.50% |
OR, Fixed amount - min | 600 |
Fixed amount - max | 0 |
Reason for variation | %age of loan amount or fixed amount-whichever is higher |
Appears on Repayment Sched? | Yes |
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? | Yes |
Percentage of fees | 16% |
All or some fees taxed | Some |
Loan Amount |
Type of Sample |
Disbursement Date |
Loan Term (Months) |
Grace Period (Months) |
Total Cost of Credit |
Full APR (int fee ins tax dep) |
True Price by Component |
Transparency Index |
Original Repayment Schedule |
MFT Pricing Calculation |
||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Interest price component |
Fee Component |
Insurance Component |
Tax Component |
Deposit Component |
||||||||||
PKR 15,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 4,155.45 | 47.4% | 38.3% | 7.8% | 0.0% | 1.3% | 0.0% | 49 | - | |
PKR 26,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 6,750.38 | 43.9% | 38.3% | 4.8% | 0.0% | 0.8% | 0.0% | 52 | - | |
PKR 30,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 7,788.90 | 43.9% | 38.3% | 4.8% | 0.0% | 0.8% | 0.0% | 52 | - | |
PKR 35,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 9,087.05 | 43.9% | 38.3% | 4.8% | 0.0% | 0.8% | 0.0% | 52 | - | |
PKR 45,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 11,683.36 | 43.9% | 38.3% | 4.8% | 0.0% | 0.8% | 0.0% | 52 | - | |
PKR 50,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 12,981.51 | 43.9% | 38.3% | 4.8% | 0.0% | 0.8% | 0.0% | 52 | - | |
PKR 70,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 18,174.11 | 43.9% | 38.3% | 4.8% | 0.0% | 0.8% | 0.0% | 52 | - | |
PKR 100,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 25,963.01 | 43.9% | 38.3% | 4.8% | 0.0% | 0.8% | 0.0% | 52 | - |
Key Statistics | |
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# Products | |
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# Borrowers | |
Loan Portfolio (USD) | |
% Products using declining balance | |
% Products with one or more fee | |
% Products with one or more insurances | |
% Products with compulsory deposits |
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