Opportunity Uganda Ltd - Solar Loan - Group - MFTransparency.org Truth In Lending Tables

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

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

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Product

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Product Summary

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

Product Details

This product either has less than 50 active borrowers or less than 10 loan disbursements over the past 9 months. MFTransparency presents basic data rather than full data for low volume products

Key Statistics

Outstanding portfolio (UGX)	UGX 13,789,646
Portfolio (USD)	USD 5,303.71
Active Clients with Loans	9
Approximate % Female Clients
Approximate % Urban Clients

Description

Loans given for the purpose of acquiring Solar lighting

Loan Purpose

Any purpose	x
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)

Eligibility

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)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	3
# Regions for this product	N/A
Regions Active

Product Details

Key Statistics

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%

Methodology

Individual
Solidarity group	x
Village banking
Self help group
Other

Description

It is a lending practice where small groups borrow collectively and group members encourage one another to repay. Also known as solidarity lending.

Loan Purpose

Any purpose
Income generation	x
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)

Included Services

Credit education
Group meetings
Credit insurance
Workplace visits
Business training
Other training
Other
Other (2)
No other services	x

Eligibility

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)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	5
# Regions for this product	4
Regions Active	Balochistan, Khyber Pakhtunkwa, Punjab, Sindh

Loan Conditions

Loan Amount

Currency	PKR
Minimum loan size	PKR 15,000
Maximum loan size	25,000

Distribution at Disbursement (Est.)

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

Loan Term and Grace Period

Shortest loan term	12.0 months
Longest loan term	36.0 months
Approx average	12.0 months

Distribution at Disbursement (Est.)

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

Grace period usage	0
Average grace period	0

Repayment Frequency

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

Pricing Information

Interest

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

Upfront Fees

	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

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 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

Deposit BEFORE or AT Disbursement

% loan amount deposited	5.00% - 10.00%
or, Fixed-amount deposited	0

Deposits DURING period payments

% loan amount deposited	0
or, Fixed-amount deposited	0
Conditions on access to deposit	End Term

Interest Paid on Deposit

Minimum interest rate paid	0
Maximum interest rate paid	0
Interest payment frequency	N/A

Taxes

Are taxes charged on this product?	Yes
Percentage of fees	16%
All or some fees taxed	Some

Full Pricing Data

Group Loan 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
Loan Amount	Type of Sample	Disbursement Date	Loan Term (Months)	Grace Period (Months)	Total Cost of Credit	Full APR (int fee ins tax dep)	Interest price component	Fee Component	Insurance Component	Tax Component	Deposit Component	Transparency Index	Original Repayment Schedule	MFT Pricing Calculation
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	-	PDF
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	-	PDF
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	-	PDF
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	-	PDF
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	-	PDF
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	-	PDF
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	-	PDF
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	-	PDF

Group Loan 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

	X Axis
	Greater than:
	Less or equal to:
N (# of Samples)
Total Borrrowers of Samples


Avg
Min
Max
Std Dev

By Inst Type


By Country

	X Axis
	Greater than:
	Less or equal to:
	From 0 to
	to
	to
	to ∞

Institution

Institution

Product

Product

Product Summary

Product Details

Key Statistics

Description

Loan Purpose

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

Product Details

Key Statistics

Methodology

Description

Loan Purpose

Included Services

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

Loan Conditions

Loan Amount

Distribution at Disbursement (Est.)

Loan Term and Grace Period

Distribution at Disbursement (Est.)

Grace Period

Repayment Frequency

Pricing Information

Interest

Upfront Fees

Ongoing Fees

Upfront Insurance Fees

Ongoing Insurance Fees

Compulsory Deposit

Deposit BEFORE or AT Disbursement

Deposits DURING period payments

Interest Paid on Deposit

Taxes

Full Pricing Data

Group Loan samples

Group Loan Price Graphs

Total Borrowers of Samples

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