Madfa SACCO - Commercial Loan - MFTransparency.org Truth In Lending Tables

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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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Product

Commercial Loan Product 2 of 6 « Prev | Next »

Product Details

Key Statistics

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%

Methodology

Individual	x
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 generation	x
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)

Included Services

Credit education	x
Group meetings	x
Credit insurance	x
Workplace visits	x
Business training	x
Other training
Other
Other (2)
No other services

Eligibility

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)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	1
# Regions for this product	1
Regions Active	Western

Loan Conditions

Loan Amount

Currency	UGX
Minimum loan size	UGX 50,000
Maximum loan size	10,000,000

Distribution at Disbursement (Est.)

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%

Loan Term and Grace Period

Shortest loan term	1.0 month
Longest loan term	6.0 months
Approx average	4.0 months

Distribution at Disbursement (Est.)

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

Grace period usage	0
Average grace period	0

Repayment Frequency

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

Pricing Information

Interest

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

Upfront Fees

	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

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	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

Ongoing Insurance Fees

This product has no ongoing insurance fees

Compulsory Deposit

Required for	All
Criteria	N/A
Is deposit indicated on the repayment schedule?	No
Do borrowers control deposit in their group?	No

Deposit BEFORE or AT Disbursement

% loan amount deposited	20.00%
or, Fixed-amount deposited	0

Deposits DURING period payments

% loan amount deposited	0
or, Fixed-amount deposited	0
Conditions on access to deposit	End Term

Interest Paid on Deposit

Minimum interest rate paid	0
Maximum interest rate paid	0
Interest payment frequency	N/A

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Full Pricing Data

Commercial Loan samples

	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	PDF	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF	PDF

Commercial Loan Price Graphs

Click to view Price Analysis Tool

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
KBL	468,300	120,082,000	16	116
KF	233,600	41,416,000	4	115
NRSP	399,900	70,157,000	3	116
ASA	230,400	29,637,000	3	116
TMFB	221,200	85,449,000	7	116
FMFB	163,544	38,481,323	9	134
TRDP	100,000	13,817,000	3	116
PRSP	75,656	9,907,176	3	134
BRAC^P	57,300	11,869,000	3	116
SRSO	51,100	7,775,000	3	116
SSF	46,000	4,776,000	3	116
FINCA	82,000	43,559,000	9	116
JWS	36,000	6,545,000	2	116
RCDS	35,552	4,856,122	4	134
DAMEN	35,185	7,150,864	1	134
FFO	22,400	3,335,000	3	116
OLP	21,400	3,510,000	3	116
CSC	17,600	3,147,000	1	116
AMRDO	13,800	1,206,000	5	116
WMBL	13,800	6,105,000	3	116
Mojaz	13,400	2,415,000	2	116
SDF	11,500	1,041,000	4	116
POMFB	8,500	2,795,000	4	116
OPD	7,500	918,000	2	116
AGAHE	7,300	797,000	2	116
NRDP	6,184	1,521,972	3	134
GBTI	6,100	669,000	3	134
WASIL	4,300	1,135,000	2	116
Micro Options	4,000	768,000	5	116
VDO	3,900	489,000	3	134
SVDP	3,900	811,000	13	134
SRDO	3,500	766,000	4	116
OSDI	2,000	923,000	3	116
APMBL	1,800	1,401,000	3	116
BEDF	1,400	209,000	3	134
KCDO	800	94,000	1	134

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

	X Axis
	Greater than:
	Less or equal to:
N (# of Samples)
Total Borrrowers of Samples


Avg
Min
Max
Std Dev

By Inst Type


By Country

	X Axis
	Greater than:
	Less or equal to:
	From 0 to
	to
	to
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Institution

Product

Product Details

Key Statistics

Methodology

Description

Loan Purpose

Included Services

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

Loan Conditions

Loan Amount

Distribution at Disbursement (Est.)

Loan Term and Grace Period

Distribution at Disbursement (Est.)

Grace Period

Repayment Frequency

Pricing Information

Interest

Upfront Fees

Ongoing Fees

Upfront Insurance Fees

Ongoing Insurance Fees

Compulsory Deposit

Deposit BEFORE or AT Disbursement

Deposits DURING period payments

Interest Paid on Deposit

Taxes

Full Pricing Data

Commercial Loan samples

Commercial Loan Price Graphs

Total Borrowers of Samples

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