Number borrowers | 370 |
Loan Amount (range) | UGX 50,000 - 10,000,000 |
Loan Term (range) | 1 - 6 |
Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training |
Annual Interest & Method | 30.00%-36.00% annual, Flat |
Fees | 1.00%-2.00% upfront |
Insurance | 1.00% upfront |
Tax | None |
Comp Dep | 20.00% upfront |
Range of pricing | |
Interest Price Component | 29.5% - 57.6% |
Fee Component | 1.6% - 7.2% |
Insurance Component | 1.5% - 3.7% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 69.1% - 99.0% |
Transparency Index (min/max) | 30 - 73 |
Transparency Index (average) | 35 |
Outstanding portfolio (UGX) | UGX 92,430,336 |
Portfolio (USD) | USD 36,972 |
Active Clients with Loans | 370 |
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 | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | x |
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 | |
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 (USD) | USD 162,279.72 |
Portfolio (USD) | USD 162,279.72 |
Active Clients with Loans | 11 |
Approximate % Female Clients | 0% - 20% |
Approximate % Urban Clients | 40% - 60% |
Any purpose | |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | x |
Education | |
Other household finance | |
Other | |
Other (2) |
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 | 9 |
# Regions for this product | N/A |
Regions Active |
Currency | UGX |
Minimum loan size | UGX 50,000 |
Maximum loan size | 10,000,000 |
Loans less than UGX 1,000,000 | 20% |
UGX 1,000,000-5,000,000 | 20% |
UGX 5,000,000-7,500,000 | 20% |
UGX 7,500,000-10,000,000 | 20% |
UGX 10,000,000-13,000,000 | 20% |
Greater than UGX 13,000,000 | 20% |
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 | 100% |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 0 |
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 | x |
Irregular payments |
Lowest quoted nominal interest | 30.00% |
Highest quoted nominal interest | 36.00% |
Reason(s) why interest rate varies | Changes due to repayment frequency of loan |
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 | Commitment Fee |
% of loan amount - min | 1.00% |
% of loan amount - max | 2.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | 2% for loans < 2M, 1% for loans > 2M |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Accidental Death Insurance |
% 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 | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | No |
Do borrowers control deposit in their group? | No |
% loan amount deposited | 20.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | End Term |
Minimum interest rate paid | 0 |
Maximum interest rate paid | 0 |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | UGX 600,000 | UGX 700,000 | UGX 900,000 | UGX 3,000,000 | |||
Loan Cycle (1, 2, 3, etc) | 2 | 3 | 2 | 1 | |||
Disbursement Date | 2012-01-17 | 2012-08-22 | 2012-01-17 | 2012-09-27 | |||
Loan Term (Months) | 11.0 months | 6.0 months | 11.0 months | 6.0 months | |||
Grace Period (Months) | 1.0 month | 1.0 month | 1.0 month | 6.0 months | |||
Total Cost of Credit | UGX 216,000 | UGX 147,000 | UGX 324,000 | UGX 885,000 | |||
True Price by Comp | |||||||
Interest price component | 55.5% | 57.6% | 55.5% | 51.7% | |||
Fee Component | 4.1% | 7.1% | 4.1% | 2.2% | |||
Insurance Component | 2.0% | 3.7% | 2.0% | 2.2% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 24.7% | 30.6% | 24.7% | 13.0% | |||
Full APR (int fee ins tax dep) | 86.3% | 99.0% | 86.3% | 69.1% | |||
Transparency Index | 35 | 30 | 35 | 43 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Key Statistics | |
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% Products with one or more insurances | |
% Products with compulsory deposits |
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