Number borrowers | 1,890 |
Loan Amount (range) | UGX 50,000 - 2,000,000 |
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) | 88.9% - 89.1% |
Transparency Index (min/max) | 40 - 60 |
Transparency Index (average) | 40 |
1,031 |
BOB 601 - 70,000 |
1.4 - 61.4 |
Credit Ins |
6.6%-36.0% annual, Decl Bal |
None |
None |
None |
N/A |
N/A |
16.2% - 28.4% (Int+Fee) |
0 |
0.0% - 0.9% |
16.2% - 28.4% |
16 - 83 |
28 |
Outstanding portfolio (UGX) | UGX 609,321,921 |
Portfolio (USD) | USD 243,729 |
Active Clients with Loans | 1,890 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 0% - 20% |
Individual | |
Solidarity group | |
Village banking | x |
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 (BOB) | BOB 8,507,616.22 |
Portfolio (USD) | USD 1,260,387.59 |
Active Clients with Loans | 1,031 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 80% - 100% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | x |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
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 | |
Must own a home or land | |
Must be a salaried worker | x |
Must be specific age group | |
Other | Debe ser propietario de inmueble o presentar un garante personal |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Currency | UGX |
Minimum loan size | UGX 50,000 |
Maximum loan size | 2,000,000 |
Loans less than UGX 1,000,000 | 50% |
UGX 1,000,000-5,000,000 | 50% |
UGX 5,000,000-7,500,000 | 0 |
UGX 7,500,000-10,000,000 | 0 |
UGX 10,000,000-13,000,000 | 0 |
Greater than UGX 13,000,000 | 0 |
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 | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Currency | BOB |
Minimum loan size | BOB 601 |
Maximum loan size | 70,000 |
Shortest loan term | 1.4 months |
Longest loan term | 61.4 months |
Approx average | 27.9 months |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
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 | 6.60% |
Highest quoted nominal interest | 36.00% |
Reason(s) why interest rate varies | Time as Client, Loan Size, Loan Purpose |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | |
Is rate fixed for entire loan term | No |
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 | |||
---|---|---|---|---|---|
Loan Amount | UGX 700,000 | UGX 1,500,000 | UGX 1,500,000 | ||
Loan Cycle (1, 2, 3, etc) | 3 | 5 | 5 | ||
Disbursement Date | 2012-06-27 | 2012-06-14 | 2012-06-14 | ||
Loan Term (Months) | 6.0 months | 6.0 months | 6.0 months | ||
Grace Period (Months) | 1.0 month | 1.1 months | 1.1 months | ||
Total Cost of Credit | UGX 147,000 | UGX 315,000 | UGX 315,000 | ||
True Price by Comp | |||||
Interest price component | 57.6% | 57.5% | 57.5% | ||
Fee Component | 7.2% | 7.1% | 7.1% | ||
Insurance Component | 3.6% | 3.7% | 3.7% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 20.7% | 20.6% | 20.6% | ||
Full APR (int fee ins tax dep) | 89.1% | 88.9% | 88.9% | ||
Transparency Index | 40 | 41 | 41 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | BOB 2,465.32 | BOB 6,970 | BOB 14,000 | BOB 28,500 | BOB 56,000 | ||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
Disbursement Date | 2010-02-12 | 2010-01-11 | 2010-04-16 | 2010-05-07 | 2010-02-05 | ||||
Loan Term (Months) | 15.0 months | 24.0 months | 36.0 months | 36.0 months | 36.0 months | ||||
Grace Period (Months) | 0.0 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 | Not Known | ||||
True Price by Comp | |||||||||
Interest and Fee Component | 28.4% | 28.4% | 24.8% | 22.4% | 16.2% | ||||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Full APR (int fee ins tax dep) | 28.4% | 28.4% | 24.8% | 22.4% | 16.2% | ||||
Transparency Index | 23 | 23 | 27 | 29 | 41 | ||||
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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