Number borrowers | 167 |
Loan Amount (range) | UGX 500,000 - 5,000,000 |
Loan Term (range) | 3 - 6 |
Other Services (text summary) | Credit Educ, Credit Ins, Tech Asst Visits, Business Training |
Annual Interest & Method | 24.00% annual, Decl Bal |
Fees | 3 fees |
Insurance | 1.10% upfront |
Tax | None |
Comp Dep | N/A |
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) | 50.7% - 62.3% |
Transparency Index (min/max) | 27 - 69 |
Transparency Index (average) | 43 |
5,719 |
PHP 10,000 - 150,000 |
1 - 12 |
Business Training, Other Training, Tie-up with other agencies (DTI, TESDA) for trainings |
30.0% annual, Flat |
100.00 upfront 3.00%-4.00% ongoing |
1.50% upfront 20.00 ongoing |
None |
100.00 upfront 10.00% ongoing |
N/A |
66.1% - 74.4% (Int+Fee) |
5.1% - 72.3% |
0 - 1.2% |
79.2% - 103.5% |
17 - 38 |
34 |
Outstanding portfolio (UGX) | UGX 168,983,945 |
Portfolio (USD) | USD 64,993.83 |
Active Clients with Loans | 167 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 40% - 60% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | x |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | |
Credit insurance | x |
Workplace visits | x |
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, Western |
Outstanding portfolio (PHP) | PHP 75,062,850 |
Portfolio (USD) | USD 1,795,761.96 |
Active Clients with Loans | 5,719 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 40% - 60% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other | MABS Approach |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | |
Group meetings | |
Credit insurance | |
Workplace visits | |
Business training | x |
Other training | x |
Other | Tie-up with other agencies (DTI, TESDA) for trainings |
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 | x |
Other | 18-65 years old |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Currency | UGX |
Minimum loan size | UGX 500,000 |
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 | 3.0 months |
Longest loan term | 6.0 months |
Approx average | 6.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 100% |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 0 |
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 | PHP |
Minimum loan size | PHP 10,000 |
Maximum loan size | 150,000 |
Shortest loan term | 1.0 month |
Longest loan term | 12.0 months |
Approx average | 0 |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | x |
Every 2 weeks | x |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 24.00% |
Highest quoted nominal interest | 24.00% |
Reason(s) why interest rate varies | Loan Size |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | No |
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 | 20,000 | |
Fixed amount - max | 0 | 20,000 | |
Reason for variation | N/A | N/A | |
Appears on Repayment Sched? | No | No |
Fee 1 | |
---|---|
Description | Monitoring Fee |
% 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 |
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 | 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 |
Lowest quoted nominal interest | 2.50% |
Highest quoted nominal interest | 2.50% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Notarial Fee |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 100 |
Fixed amount - max | 100 |
Reason for variation | |
Appears on Repayment Sched? | No |
Fee 1 | |
---|---|
Description | Service Charge |
% of loan amount - min | 3.00% |
% of loan amount - max | 4.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | 4% if above 18 days |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Loan Redemption Plan |
% of loan amount - min | 1.50% |
% of loan amount - max | 1.50% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | MBA (Microinsurance) |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 20 |
Fixed amount - max | 20 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | |
Do borrowers control deposit in their group? |
% loan amount deposited | 0 |
or, Fixed-amount deposited | PHP 100 |
% loan amount deposited | 10.00% |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | Access During |
Minimum interest rate paid | 3.00% |
Maximum interest rate paid | 3.00% |
Interest payment frequency | Quarterly |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | UGX 1,000,000 | UGX 2,000,000 | UGX 3,000,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-03-01 | 2012-08-23 | 2013-02-01 | ||
Loan Term (Months) | 6.0 months | 13.0 months | 12.0 months | ||
Grace Period (Months) | 0.0 months | 0.3 months | -0.1 months | ||
Total Cost of Credit | UGX 186,009 | UGX 618,036 | UGX 865,426 | ||
True Price by Comp | |||||
Interest price component | 41.0% | 41.1% | 41.6% | ||
Fee Component | 17.6% | 8.0% | 7.0% | ||
Insurance Component | 3.7% | 1.9% | 2.1% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 62.3% | 51.0% | 50.7% | ||
Transparency Index | 39 | 47 | 47 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | PHP 15,000 | PHP 30,000 | PHP 60,000 | PHP 100,000 | PHP 120,000 | ||||
Loan Cycle (1, 2, 3, etc) | 4 | Not Known | Not Known | Not Known | Not Known | ||||
Disbursement Date | 2011-04-20 | 2010-11-30 | 2011-07-06 | 2011-01-20 | 2010-12-15 | ||||
Loan Term (Months) | 5.6 months | 8.4 months | 11.2 months | 4.7 months | 11.2 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 | 74.4% | 71.0% | 66.3% | 68.4% | 66.1% | ||||
Insurance Component | 18.9% | 10.7% | 6.5% | 9.0% | 5.1% | ||||
Tax Component | 0.0% | 0.0% | 0.2% | 1.2% | 0.7% | ||||
Deposit Component | 10.2% | 8.6% | 7.5% | 7.0% | 7.3% | ||||
Full APR (int fee ins tax dep) | 103.5% | 90.3% | 80.5% | 85.6% | 79.2% | ||||
Transparency Index | 29 | 33 | 37 | 35 | 38 | ||||
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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