2. Madfa SACCO
Please note that the information you are viewing is 144 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. PRODEM
Please note that the information you are viewing is 130 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Madfa SACCO Head OfficeMasindi, Mid Western RegionPO Box 301
Data approved: 2012-10-17
Data version: 2
Age of data: 144 months
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Institution

FFP Prodem S.A. Belisario Salinas # 520La Paz13963
Data approved: 2013-09-06
Data version: 2
Age of data: 130 months
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Product

Agriculture Lima Loan Product 1 of 6 « Prev | Next »

Product

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Product Summary

Number borrowers1,245
Loan Amount (range)UGX 10,000 - 30,000,000
Loan Term (range)1 - 8
Other Services (text summary)Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training
Annual Interest & Method30.00% annual, Flat
Fees1.00%-2.00% upfront
Insurance1.00% upfront
TaxNone
Comp Dep20.00% upfront
Range of pricing 
Interest Price Component29.5% - 57.6%
Fee Component1.6% - 7.2%
Insurance Component1.5% - 3.7%
Tax Component Range0
Full APR (int fee ins tax dep)41.1% - 86.8%
Transparency Index (min/max)30 - 73
Transparency Index (average)51

Product Summary

38,960
BOB 400 - 80,000
1 - 18
Credit Ins
26.0%-30.5% annual, Decl Bal
None
0.07%-1.17% upfront 0.07%-1.17% ongoing
None
N/A
 
15.6% - 29.5%
0
0.7% - 1.1%
0
26.9% - 30.4%
52 - 98
90

Product Details

Key Statistics
Outstanding portfolio (UGX)UGX 216,994,200
Portfolio (USD)USD 86,798
Active Clients with Loans1,245
Approximate % Female Clients20% - 40%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
This is an agricultural loan product which targets individuals with a group and have farm businesses with cash flows that can pay off the loan
Loan Purpose
Any purposex
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visitsx
Business trainingx
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a business
Must own a home or landx
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 (BOB)BOB 123,167,793
Portfolio (USD)USD 18,247,080.44
Active Clients with Loans38,960
Approximate % Female Clients60% - 80%
Approximate % Urban Clients40% - 60%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Créditos a sola firma con garantía quirografaria para el sector comercio, servicios, producción y transporte.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculturex
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurancex
Workplace visits
Business training
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 institution9
# Regions for this product9
Regions ActiveBeni , Chuquisaca , Cochabamba , La Paz , Oruro , Pando , Potosí, Santa Cruz, Tarija

Loan Conditions

Loan Amount
CurrencyUGX
Minimum loan sizeUGX 10,000
Maximum loan size30,000,000
Distribution at Disbursement (Est.)
Loans less than UGX 1,000,00010%
UGX 1,000,000-5,000,00010%
UGX 5,000,000-7,500,00010%
UGX 7,500,000-10,000,00015%
UGX 10,000,000-13,000,00015%
Greater than UGX 13,000,00015%
Loan Term and Grace Period
Shortest loan term1.0 month
Longest loan term8.0 months
Approx average5.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months40%
Between 7 and 9 months60%
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 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterlyx
Every 6 months
Every 12 months
Single end paymentx
Irregular payments

Loan Conditions

Loan Amount
CurrencyBOB
Minimum loan sizeBOB 400
Maximum loan size80,000
Distribution at Disbursement (Est.)
Loans less than BOB 10,00090%
BOB 10,000-40,00010%
BOB 40,000-70,0000
BOB 70,000-100,0000
BOB 100,000-125,0000
Greater than BOB 125,0000
Loan Term and Grace Period
Shortest loan term1.0 month
Longest loan term18.0 months
Approx average7.6 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months20%
Between 7 and 9 months60%
Between 10 and 12 months5%
Between 13 and 18 months15%
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
Every 2 weeksx
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest30.00%
Highest quoted nominal interest30.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionCommitment Fee
% of loan amount - min1.00%
% of loan amount - max2.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation2% for loans < 2M, 1% for loans > 2M
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionAccidental Death Insurance
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
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?No
Do borrowers control deposit in their group?Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited20.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid0
Maximum interest rate paid0
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Pricing Information

Interest
Lowest quoted nominal interest26.00%
Highest quoted nominal interest30.50%
Reason(s) why interest rate variesBranch, Time as Client, Loan Size, Client Risk
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionSeguro de desgravamen anticipado
% of loan amount - min0.07%
% of loan amount - max1.17%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationFee is 0.065% multiplied by the number of months between the disbursement date and the first date of repayment.
Appears on Repayment Sched?Yes
Ongoing Insurance Fees
Ins 1
DescriptionSeguro de desgravamen
% of loan amount - min0.07%
% of loan amount - max1.17%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationFee is 0.065% per month, charged on the outstanding loan principal.
Appears on Repayment Sched?Yes
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

Full Pricing Data

Agriculture Lima Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountUGX 300,000UGX 800,000UGX 1,500,000UGX 3,200,000UGX 5,600,000UGX 9,600,000
Loan Cycle (1, 2, 3, etc)3211732
Disbursement Date2012-09-112012-08-282012-03-132012-09-262012-07-112012-04-04
Loan Term (Months)6.0 months8.0 months9.0 months5.1 months8.0 months8.0 months
Grace Period (Months)1.0 month1.0 month9.2 months2.0 months8.1 months8.1 months
Total Cost of CreditUGX 54,000UGX 184,000UGX 382,500UGX 464,000UGX 1,232,000UGX 2,112,000
True Price by Comp           
Interest price component48.8%45.1%29.5%41.2%29.7%29.6%
Fee Component7.2%5.1%3.0%3.6%1.6%1.6%
Insurance Component3.7%2.6%1.5%3.6%1.7%1.7%
Tax Component0.0%0.0%0.0%0.0%0.0%0.0%
Deposit Component27.1%21.4%8.5%18.0%8.2%8.2%
Full APR (int fee ins tax dep)86.8%74.2%42.5%66.4%41.2%41.1%
Transparency Index354071457373
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF

Full Pricing Data

Relámpago samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountBOB 400BOB 1,500BOB 5,000BOB 6,000BOB 14,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2013-08-292013-08-292013-09-172013-07-222013-07-18
Loan Term (Months)5.8 months5.8 months8.0 months9.0 months5.6 months
Grace Period (Months)0.2 months0.2 months-0.1 months0.4 months0.0 months
Total Cost of CreditBOB 33.45BOB 124.09BOB 515.02BOB 782.63BOB 970.18
True Price by Comp         
Interest price component29.3%29.3%26.1%29.5%26.2%
Fee Component0.0%0.0%0.0%0.0%0.0%
Insurance Component1.0%1.0%0.8%0.9%1.0%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)30.3%30.3%26.9%30.4%27.2%
Transparency Index8686978696
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF
Agriculture Lima Loan Price Graphs


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Relámpago Price Graphs


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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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