| 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 |
| 298 |
| INR 5,000 - 20,000 |
| 12 |
| Credit Educ, Group Mtgs, Credit Ins |
| 18.0% annual, Flat |
| 2.00% upfront |
| 50.00-200.00 upfront |
| None |
| 10.0% upfront |
| N/A |
| 18.7% - 34.8% (Int+Fee) |
| 1.4% - 4.1% |
| 0 |
| 22.5% - 43.6% |
| 33 - 80 |
| 54 |
| 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 (INR) | INR 2,937,000 |
| Portfolio (USD) | USD 55,415.09 |
| Active Clients with Loans | 298 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | |
| Solidarity group | x |
| Village banking | |
| Self help group | x |
| Other |
| Any purpose | |
| Income generation | |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | Livestock Purchase |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services |
| Men | |
| Women | x |
| Must run a business | |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | |
| Household income <60,000 INR | |
| Household income <120,000 INR | |
| Must live in rural area | |
| Must lives in urban area | |
| Other | She should have experince of keeping Buffalow , cow and goat. |
| Other (2) |
| # Regions for this institution | 2 |
| # Regions for this product | 2 |
| Regions Active | Madhya Pradesh, Uttar Pradesh |
| 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 | INR |
| Minimum loan size | INR 5,000 |
| Maximum loan size | 20,000 |
| Shortest loan term | 12.0 months |
| Longest loan term | 12.0 months |
| Approx average | 12.0 months |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | x |
| Every 6 months | |
| Every 12 months | |
| 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 | 1.50% |
| Highest quoted nominal interest | 1.50% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Processing 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 | Insurance Fee |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 50 |
| Fixed amount - max | 200 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
| Required for | Some |
| Criteria | If loan amount is greater than 5000 Rs than security deposit is compulsary. |
| Is deposit indicated on the repayment schedule? | |
| Do borrowers control deposit in their group? |
| % loan amount deposited | 10.00% |
| 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 | 3.50% |
| Maximum interest rate paid | 3.50% |
| Interest payment frequency | Annually |
| 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 | |||
|---|---|---|---|---|---|
| Loan Amount | INR 5,000 | INR 10,000 | INR 20,000 | ||
| Loan Cycle (1, 2, 3, etc) | 1 | 1 | 3 | ||
| Disbursement Date | 2010-05-21 | 2010-06-18 | 2010-05-07 | ||
| Loan Term (Months) | 12.0 months | 12.0 months | 12.0 months | ||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
| Total Cost of Credit | Not Known | Not Known | Not Known | ||
| True Price by Comp | |||||
| Interest and Fee Component | 18.7% | 34.8% | 33.5% | ||
| Insurance Component | 3.8% | 2.0% | 1.9% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 0.0% | 6.8% | 6.5% | ||
| Full APR (int fee ins tax dep) | 22.5% | 43.6% | 41.9% | ||
| MFIN MFI Earning (Annualised) | 18.7% | 34.8% | 33.5% | ||
| MFIN Cost to Borrower (Annualised) | 22.5% | 43.6% | 41.9% | ||
| Transparency Index | 80 | 41 | 43 | ||
| MFIN Transparency Index | N/A | N/A | N/A | ||
| 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 |
|---|---|---|---|---|---|---|---|
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