Number borrowers | 2,940 |
Loan Amount (range) | UGX 500,000 - 10,000,000 |
Loan Term (range) | 3 - 12 |
Other Services (text summary) | Credit Educ, Group Mtgs, Business Training |
Annual Interest & Method | 36.00% annual, Flat |
Fees | 2.00% upfront |
Insurance | 1.00% upfront |
Tax | None |
Comp Dep | 15.00% upfront |
Range of pricing | |
Interest Price Component | 32.8% - 59.5% |
Fee Component | 3.4% - 12.3% |
Insurance Component | 2.0% - 7.6% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 81.1% - 86.1% |
Transparency Index (min/max) | 40 - 60 |
Transparency Index (average) | 42 |
4,888 |
USD 300 - 500,000 |
3 - 120 |
Credit Ins |
9.2%-30.0% annual, Decl Bal |
None |
0.25%-9.96% ongoing Y |
None |
N/A |
9.9% - 28.9% |
0 |
0.9% - 1.9% |
0 |
13.8% - 30.5% |
24 - 67 |
47 |
Outstanding portfolio (UGX) | UGX 3,046,522,739 |
Portfolio (USD) | USD 1,218,609 |
Active Clients with Loans | 2,940 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 0% - 20% |
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 | |
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 | 3 |
# Regions for this product | 3 |
Regions Active | Central, Eastern, Northern |
Outstanding portfolio (USD) | USD 34,573,963 |
Portfolio (USD) | USD 34,573,963 |
Active Clients with Loans | 4,888 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 60% - 80% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | x |
Agriculture | x |
Education | x |
Other household finance | x |
Other | |
Other (2) |
Credit education | |
Group meetings | |
Credit insurance | x |
Workplace visits | |
Business training | |
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 | 9 |
# Regions for this product | 9 |
Regions Active | Beni , Chuquisaca , Cochabamba , La Paz , Oruro , Pando , PotosÃ, Santa Cruz, Tarija |
Currency | UGX |
Minimum loan size | UGX 500,000 |
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 | 3.0 months |
Longest loan term | 12.0 months |
Approx average | 6.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 30% |
Between 7 and 9 months | 40% |
Between 10 and 12 months | 30% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | x |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Currency | USD |
Minimum loan size | USD 300 |
Maximum loan size | 500,000 |
Loans less than USD 1,500 | 50% |
USD 1,500-5,000 | 40% |
USD 5,000-10,000 | 5% |
USD 10,000-15,000 | 0 |
USD 15,000-18,000 | 0 |
Greater than USD 18,000 | 0 |
Shortest loan term | 3.0 months |
Longest loan term | 120.0 months |
Approx average | 36.0 months |
Loans 3 months or less | 30% |
Between 4 and 6 months | 50% |
Between 7 and 9 months | 10% |
Between 10 and 12 months | 5% |
Between 13 and 18 months | 0 |
Longer than 18 months | 5% |
Grace period usage | 0 |
Average grace period | 0 |
Daily | x |
Weekly | x |
Every 2 weeks | x |
Every 4 weeks | x |
Monthly | x |
Every 2 months | x |
Quarterly | x |
Every 6 months | x |
Every 12 months | x |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 3.00% |
Highest quoted nominal interest | 3.00% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Administration Fee |
% of loan amount - min | 2.00% |
% of loan amount - max | 2.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Credit Life 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 | 15.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | Final Pmt |
Minimum interest rate paid | 0 |
Maximum interest rate paid | 0 |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
Lowest quoted nominal interest | 9.16% |
Highest quoted nominal interest | 30.00% |
Reason(s) why interest rate varies | Loan Size, Collateral |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | No |
Ins 1 | Ins 2 | ||
---|---|---|---|
Description | Seguro de Desgravamen | Seguro de Todo Riesgo | |
% of loan amount - min | 0.25% | 0 | |
% of loan amount - max | 9.96% | 0.80% | |
OR, Fixed amount - min | 0 | 0 | |
Fixed amount - max | 0 | 0 | |
Reason for variation | Fee is 0.083%, charged each month on the outstanding loan principal only. | Fee is 0.0067% per month, charged on the oustanding loan principal balance only. Charged only if value of collateral is insufficient. | |
Appears on Repayment Sched? | Yes | Yes |
Required for | Never |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | N/A |
Do borrowers control deposit in their group? | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
Conditions on access to deposit | N/A |
Minimum interest rate paid | N/A |
Maximum interest rate paid | N/A |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | UGX 800,000 | UGX 1,500,000 | UGX 3,000,000 | UGX 6,000,000 | UGX 9,000,000 | ||||
Loan Cycle (1, 2, 3, etc) | 3 | 1 | 1 | 1 | 1 | ||||
Disbursement Date | 2012-08-09 | 2012-08-02 | 2012-09-10 | 2012-04-30 | 2012-07-19 | ||||
Loan Term (Months) | 10.0 months | 10.0 months | 12.0 months | 12.0 months | 12.0 months | ||||
Grace Period (Months) | 1.1 months | 1.1 months | 1.0 month | 1.2 months | 1.1 months | ||||
Total Cost of Credit | UGX 264,000 | UGX 495,000 | UGX 1,170,000 | UGX 2,340,000 | UGX 3,510,000 | ||||
True Price by Comp | |||||||||
Interest price component | 59.1% | 59.1% | 59.5% | 57.0% | 59.1% | ||||
Fee Component | 4.8% | 4.8% | 4.1% | 4.0% | 4.1% | ||||
Insurance Component | 2.4% | 2.4% | 2.1% | 2.0% | 2.1% | ||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Deposit Component | 19.8% | 19.8% | 19.3% | 18.1% | 19.1% | ||||
Full APR (int fee ins tax dep) | 86.1% | 86.1% | 85.0% | 81.1% | 84.4% | ||||
Transparency Index | 42 | 42 | 42 | 44 | 43 | ||||
Original Repayment Schedule | |||||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | USD 1,144 | USD 5,000 | USD 8,000 | USD 15,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2014-02-15 | 2013-12-15 | 2013-12-12 | 2013-12-10 | |||
Loan Term (Months) | 24.0 months | 37.0 months | 49.0 months | 61.0 months | |||
Grace Period (Months) | -0.1 months | 0.0 months | 0.0 months | 0.1 months | |||
Total Cost of Credit | USD 401.80 | USD 1,144.82 | USD 5,075.66 | USD 6,845.33 | |||
True Price by Comp | |||||||
Interest price component | 28.9% | 12.0% | 25.5% | 14.8% | |||
Fee Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Insurance Component | 1.6% | 1.8% | 0.9% | 1.0% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Full APR (int fee ins tax dep) | 30.5% | 13.8% | 26.4% | 15.8% | |||
Transparency Index | 30 | 66 | 35 | 58 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Key Statistics | |
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# 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 |
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