| Number borrowers | 127 |
| Loan Amount (range) | UGX 500,000 - 20,000,000 |
| Loan Term (range) | 3 - 36 |
| Other Services (text summary) | Credit Educ, Credit Ins |
| 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) | 44.7% - 58.4% |
| Transparency Index (min/max) | 27 - 69 |
| Transparency Index (average) | 47 |
| 280 |
| PHP 2,000 - 6,000 |
| 6 |
| Credit Ins |
| 24.0% annual, Flat |
| 200.00-0.00 upfront |
| 39.00 upfront |
| 30.00 fixed |
| 100.00 upfront 3.00% ongoing |
| N/A |
| 78.4% - 80.9% (Int+Fee) |
| 0.6% - 5.1% |
| 0 - 5.2% |
| 105.4% - 114.1% |
| 21 - 55 |
| 21 |
| Outstanding portfolio (UGX) | UGX 300,547,998 |
| Portfolio (USD) | USD 115,595.38 |
| Active Clients with Loans | 127 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 40% - 60% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | |
| Mortgage/housing | |
| Consumer loan | x |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| 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 | |
| Other (2) |
| # Regions for this institution | 3 |
| # Regions for this product | 3 |
| Regions Active | Central, Eastern, Western |
| Outstanding portfolio (PHP) | PHP 967,000 |
| Portfolio (USD) | USD 23,133.97 |
| Active Clients with Loans | 280 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 60% - 80% |
| 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 | |
| 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 | x |
| Other | |
| 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 | 20,000,000 |
| Loans less than UGX 1,000,000 | 15% |
| UGX 1,000,000-5,000,000 | 15% |
| UGX 5,000,000-7,500,000 | 15% |
| UGX 7,500,000-10,000,000 | 15% |
| UGX 10,000,000-13,000,000 | 15% |
| Greater than UGX 13,000,000 | 15% |
| Shortest loan term | 3.0 months |
| Longest loan term | 36.0 months |
| Approx average | 12.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 10% |
| Between 7 and 9 months | 10% |
| Between 10 and 12 months | 30% |
| Between 13 and 18 months | 10% |
| Longer than 18 months | 40% |
| 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 2,000 |
| Maximum loan size | 6,000 |
| Shortest loan term | 6.0 months |
| Longest loan term | 6.0 months |
| Approx average | 6.0 months |
| 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 |
| 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 | 50,000 | |
| Reason for variation | N/A | 20,000 for loans up to 50M & 50,000 for loans over 50M | |
| 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 | 2.00% |
| Highest quoted nominal interest | 2.00% |
| Reason(s) why interest rate varies | HO Deposit |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Service Charge |
| % of loan amount - min | 0 |
| % of loan amount - max | 1.00% |
| OR, Fixed amount - min | 200 |
| Fixed amount - max | 0 |
| Reason for variation | |
| Appears on Repayment Sched? | No |
| Ins 1 | |
|---|---|
| Description | Insurance |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 39 |
| Fixed amount - max | 39 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | Yes |
| Do borrowers control deposit in their group? |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | PHP 100 |
| % loan amount deposited | 3.00% |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | Access During |
| Minimum interest rate paid | 1.00% |
| Maximum interest rate paid | 3.00% |
| Interest payment frequency | Annually |
| Are taxes charged on this product? | Yes |
| Percentage of fees | 0 |
| All or some fees taxed | N/A |
| Sample 1 | Sample 2 | Sample 4 | |||
|---|---|---|---|---|---|
| Loan Amount | UGX 600,000 | UGX 2,000,000 | UGX 6,000,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2012-09-26 | 2012-11-28 | 2013-01-25 | ||
| Loan Term (Months) | 7.0 months | 37.0 months | 12.0 months | ||
| Grace Period (Months) | 0.5 months | 0.0 months | 0.2 months | ||
| Total Cost of Credit | UGX 117,308 | UGX 1,628,448 | UGX 1,740,833 | ||
| True Price by Comp | |||||
| Interest price component | 38.0% | 41.4% | 40.1% | ||
| Fee Component | 17.1% | 2.4% | 6.8% | ||
| Insurance Component | 3.3% | 0.9% | 2.0% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 0.0% | 0.0% | 0.0% | ||
| Full APR (int fee ins tax dep) | 58.4% | 44.7% | 48.9% | ||
| Transparency Index | 41 | 54 | 49 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | PHP 3,000 | PHP 3,000 | PHP 6,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2011-02-22 | 2011-02-22 | 2010-12-03 | ||
| Loan Term (Months) | 6.0 months | 6.0 months | 6.0 months | ||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
| Total Cost of Credit | Not Known | Not Known | Not Known | ||
| True Price by Comp | |||||
| Interest and Fee Component | 80.9% | 80.9% | 78.4% | ||
| Insurance Component | 5.1% | 5.1% | 4.9% | ||
| Tax Component | 5.2% | 5.2% | 5.0% | ||
| Deposit Component | 22.9% | 22.9% | 17.1% | ||
| Full APR (int fee ins tax dep) | 114.1% | 114.1% | 105.4% | ||
| Transparency Index | 21 | 21 | 23 | ||
| 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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