| 1,171 |
| PHP 5,000 - 25,000 |
| 3.7 - 12.1 |
| Credit Educ, Group Mtgs, Credit Ins, Business Training |
| 24.0%-30.0% annual, Flat |
| 4.00%-6.00% upfront 130.00 upfront |
| 182.50 upfront 1.13% upfront |
| None |
| 3.0% upfront 20.00 ongoing |
| N/A |
| 70.9% - 86.0% (Int+Fee) |
| 2.9% - 10.9% |
| 0 |
| 98.2% - 115.6% |
| 21 - 24 |
| 22 |
| Outstanding portfolio (UGX) | UGX 17,409,313 |
| Portfolio (USD) | USD 6,964 |
| Active Clients with Loans | 25 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 20% - 40% |
| Any purpose | |
| Income generation | |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | x |
| Other household finance | |
| Other | |
| Other (2) |
| Men | x |
| Women | x |
| Must run a business | |
| Must own a home or land | x |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | 1 |
| # Regions for this product | N/A |
| Regions Active |
| Outstanding portfolio (PHP) | PHP 9,589,793 |
| Portfolio (USD) | USD 229,420.89 |
| Active Clients with Loans | 1,171 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | x |
| Solidarity group | x |
| 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 | |
| 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 | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Currency | PHP |
| Minimum loan size | PHP 5,000 |
| Maximum loan size | 25,000 |
| Shortest loan term | 3.7 months |
| Longest loan term | 12.1 months |
| Approx average | 6.0 months |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | x |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 2.00% |
| Highest quoted nominal interest | 2.50% |
| Reason(s) why interest rate varies | Branch, Client Risk, Additional Services |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | Yes |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | Fee 2 | ||
|---|---|---|---|
| Description | Service Fee | Filing Fee/Notarial Fee | |
| % of loan amount - min | 4.00% | 0 | |
| % of loan amount - max | 6.00% | 0 | |
| OR, Fixed amount - min | 0 | 130 | |
| Fixed amount - max | 0 | 130 | |
| Reason for variation | N/A | ||
| Appears on Repayment Sched? | Yes | Yes |
| Ins 1 | Ins 2 | ||
|---|---|---|---|
| Description | Basic Life Insurance (annual fee) | Loan Insurance | |
| % of loan amount - min | 0 | 1.13% | |
| % of loan amount - max | 0 | 1.13% | |
| OR, Fixed amount - min | 182.50 | 0 | |
| Fixed amount - max | 182.50 | 0 | |
| Reason for variation | N/A | N/A | |
| Appears on Repayment Sched? | Yes | Yes |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | |
| Do borrowers control deposit in their group? | Yes |
| % loan amount deposited | 3.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | PHP 20 |
| Conditions on access to deposit | Access During |
| Minimum interest rate paid | 4.50% |
| Maximum interest rate paid | 4.50% |
| Interest payment frequency | Quarterly |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | PHP 10,000 | PHP 15,000 | PHP 20,000 | PHP 25,000 | |||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | 1 | Not Known | |||
| Disbursement Date | 2011-09-26 | 2011-09-30 | 2011-09-30 | 2011-09-27 | |||
| Loan Term (Months) | 6.1 months | 12.1 months | 6.1 months | 6.1 months | |||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||
| Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | |||
| True Price by Comp | |||||||
| Interest and Fee Component | 86.0% | 70.9% | 86.0% | 85.4% | |||
| Insurance Component | 2.9% | 6.2% | 7.1% | 10.9% | |||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Deposit Component | 9.4% | 24.7% | 17.6% | 19.3% | |||
| Full APR (int fee ins tax dep) | 98.2% | 101.8% | 110.6% | 115.6% | |||
| Transparency Index | 24 | 24 | 22 | 21 | |||
| Original Repayment Schedule | |||||||
| MFT Pricing Calculation |
| 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 |
| Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
|---|---|---|---|---|---|---|---|
| X Axis | ||||||
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|---|---|---|---|---|---|---|
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| From 0 to | ||||||
| to | ||||||
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| to ∞ | ||||||
