2. Opportunity
Please note that the information you are viewing is 144 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. TMFB
Please note that the information you are viewing is 113 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Opportunity Uganda Ltd Plot 7A, John Bahiha AvenueKampala, CentralPO Box 33513
Data approved: 2012-10-04
Data version: 2
Age of data: 144 months
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Institution

Tameer Microfinance Bank A-15, Block 7/8 KCHS Union, Karachi 75350, PakistanKarachi75350
Data approved: 2015-04-15
Data version: 2
Age of data: 113 months
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Product

Salary Loan Product 10 of 16 « Prev | Next »

Product

Tameer Sarmaya Qarza (TSQ) Product 1 of 7 « Prev | Next »

Product Summary

Number borrowers127
Loan Amount (range)UGX 500,000 - 20,000,000
Loan Term (range)3 - 36
Other Services (text summary)Credit Educ, Credit Ins
Annual Interest & Method24.00% annual, Decl Bal
Fees3 fees
Insurance1.10% upfront
TaxNone
Comp DepN/A
Range of pricing 
Interest Price Component28.2% - 55.7%
Fee Component1.8% - 17.9%
Insurance Component0.8% - 5.2%
Tax Component Range0
Full APR (int fee ins tax dep)44.7% - 58.4%
Transparency Index (min/max)27 - 69
Transparency Index (average)47

Product Summary

89,701
PKR 10,000 - 150,000
3 - 12
Credit Ins
27.0%-33.0% annual, Flat
0.00%-2.00%, 600.00 min upfront
None
16.00% fees
N/A
 
23.8% - 45.8%
2.1% - 7.8%
0
0.3% - 1.3%
26.3% - 31.9%
45 - 100
95

Product Details

Key Statistics
Outstanding portfolio (UGX)UGX 300,547,998
Portfolio (USD)USD 115,595.38
Active Clients with Loans127
Approximate % Female Clients40% - 60%
Approximate % Urban Clients40% - 60%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Salary Loan is an individual loan targeted at salaried borrowers. It is designed to finance various consumption needs of the borrower.
Loan Purpose
Any purpose
Income generation
Mortgage/housing
Consumer loanx
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetings
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a business
Must own a home or land
Must be a salaried workerx
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution3
# Regions for this product3
Regions ActiveCentral, Eastern, Western

Product Details

Key Statistics
Outstanding portfolio (PKR)PKR 5,664,915,850
Portfolio (USD)USD 55,629,473.65
Active Clients with Loans89,701
Approximate % Female Clients20% - 40%
Approximate % Urban Clients20% - 40%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
TSQ is a loan product that allows potential customers to borrow against their collateral (gold / gold ornaments/ term deposits) to meet their short / mid-term liquidity requiremets.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculturex
Education
Other household financex
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other servicesx
Eligibility
Menx
Womenx
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution5
# Regions for this product4
Regions ActiveBalochistan, Khyber Pakhtunkwa, Punjab, Sindh

Loan Conditions

Loan Amount
CurrencyUGX
Minimum loan sizeUGX 500,000
Maximum loan size20,000,000
Distribution at Disbursement (Est.)
Loans less than UGX 1,000,00015%
UGX 1,000,000-5,000,00015%
UGX 5,000,000-7,500,00015%
UGX 7,500,000-10,000,00015%
UGX 10,000,000-13,000,00015%
Greater than UGX 13,000,00015%
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term36.0 months
Approx average12.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months10%
Between 7 and 9 months10%
Between 10 and 12 months30%
Between 13 and 18 months10%
Longer than 18 months40%
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyPKR
Minimum loan sizePKR 10,000
Maximum loan size150,000
Distribution at Disbursement (Est.)
Loans less than PKR 10,0000
PKR 10,000-25,0005%
PKR 25,000-50,00040%
PKR 50,000-75,00050%
PKR 75,000-150,0005%
Greater than PKR 150,0005%
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term12.0 months
Approx average9.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months10%
Between 7 and 9 months80%
Between 10 and 12 months10%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end paymentx
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest24.00%
Highest quoted nominal interest24.00%
Reason(s) why interest rate variesLoan Size
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termNo
Upfront Fees
Fee 1Fee 2
DescriptionLoan Processing FeeLoan Application Fee
% of loan amount - min2.00%0
% of loan amount - max2.00%0
OR, Fixed amount - min020,000
Fixed amount - max050,000
Reason for variationN/A20,000 for loans up to 50M & 50,000 for loans over 50M
Appears on Repayment Sched?NoNo
Ongoing Fees
Fee 1
DescriptionMonitoring Fee
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Upfront Insurance Fees
Ins 1
DescriptionInsurance Fee
% of loan amount - min1.10%
% of loan amount - max1.10%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Pricing Information

Interest
Lowest quoted nominal interest27.00%
Highest quoted nominal interest33.00%
Reason(s) why interest rate variesTime as Client
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing fee
% of loan amount - min0
% of loan amount - max2.00%
OR, Fixed amount - min600
Fixed amount - max0
Reason for variation%age of loan amount or fixed amount-whichever is higher
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?Yes
Percentage of fees16%
All or some fees taxedSome

Full Pricing Data

Salary Loan samples
Sample 1Sample 2Sample 4
Loan AmountUGX 600,000UGX 2,000,000UGX 6,000,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2012-09-262012-11-282013-01-25
Loan Term (Months)7.0 months37.0 months12.0 months
Grace Period (Months)0.5 months0.0 months0.2 months
Total Cost of CreditUGX 117,308UGX 1,628,448UGX 1,740,833
True Price by Comp     
Interest price component38.0%41.4%40.1%
Fee Component17.1%2.4%6.8%
Insurance Component3.3%0.9%2.0%
Tax Component0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)58.4%44.7%48.9%
Transparency Index415449
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF

Full Pricing Data

Tameer Sarmaya Qarza (TSQ) samples
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 64,960 Generated 2015-06-01 8.8 months N/A PKR 14,337.12 27.9% 24.6% 2.8% 0.0% 0.5% 0.0% 97 - PDF
PKR 64,960 Real 2015-03-07 8.9 months N/A PKR 13,999.87 27.0% 23.8% 2.7% 0.0% 0.5% 0.0% 100 PDF PDF
PKR 29,760 Real 2015-02-12 8.9 months N/A PKR 6,634.27 27.8% 24.6% 2.8% 0.0% 0.4% 0.0% 97 PDF PDF
PKR 29,760 Generated 2015-06-01 8.8 months N/A PKR 6,571.69 27.9% 24.6% 2.8% 0.0% 0.5% 0.0% 97 - PDF
PKR 15,000 Generated 2015-06-01 8.9 months N/A PKR 3,691.89 31.1% 24.6% 5.5% 0.0% 1.0% 0.0% 87 - PDF
PKR 26,000 Generated 2015-06-01 8.9 months N/A PKR 5,886.56 28.3% 24.6% 3.2% 0.0% 0.5% 0.0% 95 - PDF
PKR 30,000 Generated 2015-06-01 8.9 months N/A PKR 6,687.78 27.8% 24.6% 2.8% 0.0% 0.4% 0.0% 97 - PDF
PKR 51,000 Generated 2015-06-01 11.8 months N/A PKR 14,764.57 26.3% 23.9% 2.1% 0.0% 0.3% 0.0% 100 - PDF
PKR 60,000 Generated 2015-06-01 11.8 months N/A PKR 17,370.08 26.3% 23.9% 2.1% 0.0% 0.3% 0.0% 100 - PDF
PKR 90,000 Generated 2015-06-01 5.9 months N/A PKR 14,959.23 31.9% 27.1% 4.1% 0.0% 0.7% 0.0% 85 - PDF
Salary Loan Price Graphs


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Tameer Sarmaya Qarza (TSQ) Price Graphs


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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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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X Axis
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