Number borrowers | 1,298 |
Loan Amount (range) | UGX 100,000 - 15,000,000 |
Loan Term (range) | 3 - 24 |
Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training |
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) | 39.0% - 86.6% |
Transparency Index (min/max) | 27 - 69 |
Transparency Index (average) | 50 |
67,453 |
PKR 15,000 - 25,000 |
12 - 36 |
22.0% annual, Flat |
450.00 upfront |
None |
16.00% fees |
5.0%-10.0% upfront |
23.8% - 45.8% |
2.1% - 7.8% |
0 |
0.3% - 1.3% |
44.7% - 49.1% |
45 - 100 |
47 |
Outstanding portfolio (UGX) | UGX 3,079,582,537 |
Portfolio (USD) | USD 1,184,454.82 |
Active Clients with Loans | 1,298 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 40% - 60% |
Individual | |
Solidarity group | x |
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 | 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 (PKR) | PKR 1,015,610,286 |
Portfolio (USD) | USD 9,973,293.01 |
Active Clients with Loans | 67,453 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 60% - 80% |
Individual | |
Solidarity group | x |
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 | |
Group meetings | |
Credit insurance | |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services | x |
Men | x |
Women | x |
Must run a business | |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | 5 |
# Regions for this product | 4 |
Regions Active | Balochistan, Khyber Pakhtunkwa, Punjab, Sindh |
Currency | UGX |
Minimum loan size | UGX 100,000 |
Maximum loan size | 15,000,000 |
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 | 24.0 months |
Approx average | 18.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 20% |
Between 7 and 9 months | 20% |
Between 10 and 12 months | 20% |
Between 13 and 18 months | 20% |
Longer than 18 months | 20% |
Grace period usage | 10% |
Average grace period | 3.0 months |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | x |
Irregular payments |
Currency | PKR |
Minimum loan size | PKR 15,000 |
Maximum loan size | 25,000 |
Loans less than PKR 10,000 | 0 |
PKR 10,000-25,000 | 100% |
PKR 25,000-50,000 | 0 |
PKR 50,000-75,000 | 0 |
PKR 75,000-150,000 | 0 |
Greater than PKR 150,000 | 0 |
Shortest loan term | 12.0 months |
Longest loan term | 36.0 months |
Approx average | 12.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 100% |
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 |
Lowest quoted nominal interest | 27.00% |
Highest quoted nominal interest | 30.00% |
Reason(s) why interest rate varies | Loan Size |
Interest rate period | Yearly |
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 | 22.00% |
Highest quoted nominal interest | 22.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | processing fee |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 450 |
Fixed amount - max | 450 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Required for | All |
Criteria | Mandatory Savings deduct for all Group Loan customers |
Is deposit indicated on the repayment schedule? | Yes |
Do borrowers control deposit in their group? | Yes |
% loan amount deposited | 5.00% - 10.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | End Term |
Minimum interest rate paid | 0 |
Maximum interest rate paid | 0 |
Interest payment frequency | N/A |
Are taxes charged on this product? | Yes |
Percentage of fees | 16% |
All or some fees taxed | Some |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | UGX 500,000 | UGX 750,000 | UGX 2,000,000 | UGX 5,000,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2013-01-18 | 2013-03-19 | 2013-06-28 | 2013-04-03 | |||
Loan Term (Months) | 4.0 months | 7.0 months | 8.0 months | 16.0 months | |||
Grace Period (Months) | 0.0 months | 6.0 months | 8.2 months | 15.6 months | |||
Total Cost of Credit | UGX 69,500 | UGX 160,250 | UGX 604,538 | UGX 2,650,000 | |||
True Price by Comp | |||||||
Interest price component | 46.4% | 28.2% | 35.6% | 31.5% | |||
Fee Component | 15.2% | 4.7% | 3.4% | 1.8% | |||
Insurance Component | 5.2% | 1.8% | 1.5% | 0.8% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 19.8% | 5.7% | 6.4% | 4.9% | |||
Full APR (int fee ins tax dep) | 86.6% | 40.4% | 46.9% | 39.0% | |||
Transparency Index | 31 | 67 | 58 | 69 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Loan Amount |
Type of Sample |
Disbursement Date |
Loan Term (Months) |
Grace Period (Months) |
Total Cost of Credit |
Full APR (int fee ins tax dep) |
True Price by Component |
Transparency Index |
Original Repayment Schedule |
MFT Pricing Calculation |
||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Interest price component |
Fee Component |
Insurance Component |
Tax Component |
Deposit Component |
||||||||||
PKR 15,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 3,831.04 | 47.3% | 36.7% | 5.9% | 0.0% | 0.9% | 3.8% | 47 | - | |
PKR 18,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 4,492.85 | 46.1% | 36.7% | 4.9% | 0.0% | 0.8% | 3.7% | 48 | - | |
PKR 20,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 4,934.05 | 45.4% | 36.7% | 4.4% | 0.0% | 0.7% | 3.6% | 48 | - | |
PKR 21,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 5,154.66 | 45.2% | 36.7% | 4.2% | 0.0% | 0.6% | 3.7% | 49 | - | |
PKR 22,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 5,375.26 | 49.1% | 36.7% | 4.0% | 0.0% | 0.6% | 7.8% | 45 | - | |
PKR 23,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 5,595.86 | 44.7% | 36.7% | 3.8% | 0.0% | 0.6% | 3.6% | 49 | - | |
PKR 24,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 5,816.47 | 48.7% | 36.7% | 3.7% | 0.0% | 0.5% | 7.8% | 45 | - | |
PKR 25,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 6,037.07 | 48.5% | 36.7% | 3.5% | 0.0% | 0.6% | 7.7% | 45 | - |
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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