2. Madfa SACCO
Please note that the information you are viewing is 146 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. Saija
Please note that the information you are viewing is 140 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: 146 months
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Institution

Saija Finance Pvt. Ltd. Uma Complex, 3rd FloorFraser RoadPatna, BahirPO Box 800001
Data approved: 2013-02-08
Data version: 2
Age of data: 140 months
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Product

Commercial Loan Product 2 of 6 « Prev | Next »

Product

Saija Karobar Rin - Business JLG Product 1 of 2 « Prev | Next »

Product Summary

Number borrowers370
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 & Method30.00%-36.00% 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)69.1% - 99.0%
Transparency Index (min/max)30 - 73
Transparency Index (average)35

Product Summary

3,131
INR 5,000 - 50,000
11.5 - 24
Credit Ins
26.0% annual, Decl Bal
0.88% upfront
51.00 upfront
12.36% fees
N/A
 
25.9% - 26.3%
0.9% - 2.0%
0 - 1.2%
0.1% - 0.3%
27.5% - 28.8%
88 - 95
92

Product Details

Key Statistics
Outstanding portfolio (UGX)UGX 92,430,336
Portfolio (USD)USD 36,972
Active Clients with Loans370
Approximate % Female Clients40% - 60%
Approximate % Urban Clients60% - 80%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
This product is given to members who have got business/ income generation that is legalised.
Loan Purpose
Any purpose
Income generationx
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 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 institution1
# Regions for this product1
Regions ActiveWestern

Product Details

Key Statistics
Outstanding portfolio (INR)INR 48,215,481.10
Portfolio (USD)USD 909,726.06
Active Clients with Loans3,131
Approximate % Female Clients0% - 20%
Approximate % Urban Clients80% - 100%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Business loan is targated at borrowers involved in income generating activities. Loan repayment is on every other day or alternate day basis and collection is on door step from group leader. There are no group meetings associated with this product.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
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 groupx
Household income <60,000 INRx
Household income <120,000 INRx
Must live in rural areax
Must lives in urban areax
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution1
# Regions for this product1
Regions ActiveBihar

Loan Conditions

Loan Amount
CurrencyUGX
Minimum loan sizeUGX 50,000
Maximum loan size10,000,000
Distribution at Disbursement (Est.)
Loans less than UGX 1,000,00020%
UGX 1,000,000-5,000,00020%
UGX 5,000,000-7,500,00020%
UGX 7,500,000-10,000,00020%
UGX 10,000,000-13,000,00020%
Greater than UGX 13,000,00020%
Loan Term and Grace Period
Shortest loan term1.0 month
Longest loan term6.0 months
Approx average4.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months100%
Between 7 and 9 months0
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
Quarterly
Every 6 months
Every 12 months
Single end paymentx
Irregular payments

Loan Conditions

Loan Amount
CurrencyINR
Minimum loan sizeINR 5,000
Maximum loan size50,000
Distribution at Disbursement (Est.)
Loans less than INR 5,0000
INR 5,000-15,00015%
INR 15,000-25,00050%
INR 25,000-35,00030%
INR 35,000-45,0005%
Greater than INR 45,0005%
Loan Term and Grace Period
Shortest loan term11.5 months
Longest loan term24.0 months
Approx average15.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months60%
Between 13 and 18 months40%
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0.3 months
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 interest36.00%
Reason(s) why interest rate variesChanges due to repayment frequency of loan
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?No
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 interest26.00%
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min0.88%
% of loan amount - max0.88%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsurance Fee
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min51
Fixed amount - max51
Reason for variationInsurance is 51 per 10,000 INR. Cover includes spouse.
Appears on Repayment Sched?Yes
Ongoing Insurance Fees
This product has no ongoing insurance fees
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?Yes
Percentage of fees12.4%
All or some fees taxedSome

Full Pricing Data

Commercial Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountUGX 600,000UGX 700,000UGX 900,000UGX 3,000,000
Loan Cycle (1, 2, 3, etc)2321
Disbursement Date2012-01-172012-08-222012-01-172012-09-27
Loan Term (Months)11.0 months6.0 months11.0 months6.0 months
Grace Period (Months)1.0 month1.0 month1.0 month6.0 months
Total Cost of CreditUGX 216,000UGX 147,000UGX 324,000UGX 885,000
True Price by Comp       
Interest price component55.5%57.6%55.5%51.7%
Fee Component4.1%7.1%4.1%2.2%
Insurance Component2.0%3.7%2.0%2.2%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component24.7%30.6%24.7%13.0%
Full APR (int fee ins tax dep)86.3%99.0%86.3%69.1%
Transparency Index35303543
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF

Full Pricing Data

Saija Karobar Rin - Business JLG samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountINR 5,000INR 10,000INR 20,000INR 30,000INR 40,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2012-09-252012-12-272012-11-162012-12-312012-10-31
Loan Term (Months)11.0 months12.0 months24.0 months24.0 months24.0 months
Grace Period (Months)0.1 months0.2 months0.2 months0.1 months0.0 months
Total Cost of CreditINR 667INR 1,605INR 6,168INR 9,286INR 12,055
True Price by Comp         
Interest price component26.0%25.9%25.9%26.3%25.9%
Fee Component2.0%1.7%0.9%0.9%0.9%
Insurance Component0.0%1.0%0.5%0.6%0.6%
Tax Component0.3%0.2%0.2%0.1%0.1%
Deposit Component0.0%0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)28.3%28.8%27.5%27.9%27.5%
MFIN MFI Earning (Annualised)28.0%27.6%26.8%27.2%26.8%
MFIN Cost to Borrower (Annualised)28.3%28.8%27.5%27.9%27.5%
Transparency Index9290959394
MFIN Transparency Index10010010099100
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula
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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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