| Number borrowers | 15,056 |
| Loan Amount (range) | UGX 50,000 - 5,000,000 |
| Loan Term (range) | 4 - 12 |
| Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training, Consumer Financial Education |
| Annual Interest & Method | 27.00%-30.00% annual, Flat |
| Fees | 2 fees |
| Insurance | 1.10% upfront |
| Tax | None |
| Comp Dep | 15.00% upfront |
| Range of pricing | |
| Interest Price Component | 28.2% - 55.7% |
| Fee Component | 1.8% - 17.9% |
| Insurance Component | 0.8% - 5.2% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 69.8% - 100.3% |
| Transparency Index (min/max) | 27 - 69 |
| Transparency Index (average) | 32 |
| 1,808 |
| BOB 35,000 - 9,671,865 |
| 12 - 36 |
| Credit Ins |
| 11.0%-18.0% annual, Decl Bal |
| None |
| 1.20%-3.60% ongoing |
| None |
| N/A |
| 13.1% - 32.0% |
| 0 - 1.1% |
| 0 - 1.4% |
| 0 |
| 15.5% - 19.5% |
| 44 - 91 |
| 62 |
| Outstanding portfolio (UGX) | UGX 8,126,818,531 |
| Portfolio (USD) | USD 3,125,699.44 |
| Active Clients with Loans | 15,056 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 40% - 60% |
| Individual | |
| Solidarity group | x |
| Village banking | x |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | x |
| Consumer loan | |
| Agriculture | |
| Education | x |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | x |
| Business training | x |
| Other training | x |
| Other | Consumer Financial Education |
| 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, Western |
| Outstanding portfolio (BOB) | BOB 151,176,530.30 |
| Portfolio (USD) | USD 22,396,523.01 |
| Active Clients with Loans | 1,808 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 60% - 80% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | x |
| 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 | x |
| Must own a home or land | x |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | 5 |
| # Regions for this product | 5 |
| Regions Active | Chuquisaca , Cochabamba , La Paz , Santa Cruz, Tarija |
| Currency | UGX |
| Minimum loan size | UGX 50,000 |
| Maximum loan size | 5,000,000 |
| 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 | 4.0 months |
| Longest loan term | 12.0 months |
| Approx average | 6.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 20% |
| Between 7 and 9 months | 40% |
| Between 10 and 12 months | 40% |
| 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 | |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Currency | BOB |
| Minimum loan size | BOB 35,000 |
| Maximum loan size | 9,671,865 |
| Loans less than BOB 10,000 | 0 |
| BOB 10,000-40,000 | 30% |
| BOB 40,000-70,000 | 30% |
| BOB 70,000-100,000 | 15% |
| BOB 100,000-125,000 | 5% |
| Greater than BOB 125,000 | 5% |
| Shortest loan term | 12.0 months |
| Longest loan term | 36.0 months |
| Approx average | DK |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 0 |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 100% |
| Grace period usage | 0 |
| Average grace period | N/A |
| Daily | |
| Weekly | |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | x |
| Quarterly | x |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 2.25% |
| Highest quoted nominal interest | 2.50% |
| Reason(s) why interest rate varies | Loan Size, 2.5% per month for loans up to 2M, 2.25% per month for loans over 2M |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | Fee 2 | ||
|---|---|---|---|
| Description | Loan Processing Fee | Loan Application Fee | |
| % of loan amount - min | 2.00% | 0 | |
| % of loan amount - max | 2.00% | 0 | |
| OR, Fixed amount - min | 0 | 5,000 | |
| Fixed amount - max | 0 | 10,000 | |
| Reason for variation | N/A | 5000 for loan up to 2M, 10,000 for loans over 2M | |
| Appears on Repayment Sched? | No | No |
| Ins 1 | |
|---|---|
| Description | Insurance Fee |
| % of loan amount - min | 1.10% |
| % of loan amount - max | 1.10% |
| 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 | 10.99% |
| Highest quoted nominal interest | 18.00% |
| Reason(s) why interest rate varies | Time as Client, Loan Size, Client Risk, Loan Purpose |
| 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 | |
|---|---|
| Description | Seguro de Desgravamen |
| % of loan amount - min | 1.20% |
| % of loan amount - max | 3.60% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | Comisión de 0.1% mensual que aplica sólo al saldo del principal del préstamo pendiente. |
| Appears on Repayment Sched? | 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 3 | Sample 4 | |||
|---|---|---|---|---|---|
| Loan Amount | UGX 300,000 | UGX 1,500,000 | UGX 4,000,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2013-01-14 | 2012-04-24 | 2012-05-09 | ||
| Loan Term (Months) | 5.8 months | 13.0 months | 12.0 months | ||
| Grace Period (Months) | 0.2 months | 1.0 month | 0.0 months | ||
| Total Cost of Credit | UGX 59,300 | UGX 500,000 | UGX 1,210,000 | ||
| True Price by Comp | |||||
| Interest price component | 55.1% | 47.5% | 50.9% | ||
| Fee Component | 15.0% | 4.4% | 5.1% | ||
| Insurance Component | 4.7% | 1.9% | 2.3% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 25.5% | 16.0% | 19.5% | ||
| Full APR (int fee ins tax dep) | 100.3% | 69.8% | 77.8% | ||
| Transparency Index | 27 | 39 | 35 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | BOB 70,000 | BOB 100,000 | BOB 140,000 | BOB 140,000 | |||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
| Disbursement Date | 2014-03-07 | 2014-03-07 | 2014-03-07 | 2014-03-07 | |||
| Loan Term (Months) | 18.0 months | 36.0 months | 97.0 months | 143.0 months | |||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||
| Total Cost of Credit | BOB 8,953.48 | BOB 32,055.05 | BOB 112,333.28 | BOB 216,138.92 | |||
| True Price by Comp | |||||||
| Interest price component | 14.1% | 18.1% | 15.1% | 18.1% | |||
| Fee Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Insurance Component | 1.4% | 1.4% | 1.4% | 1.4% | |||
| 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) | 15.5% | 19.5% | 16.5% | 19.5% | |||
| Transparency Index | 71 | 56 | 67 | 56 | |||
| 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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