Number borrowers | 757 |
Loan Amount (range) | UGX 500,000 - 625,000,000 |
Loan Term (range) | 4 - 36 |
Other Services (text summary) | 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) | 42.3% - 62.7% |
Transparency Index (min/max) | 27 - 69 |
Transparency Index (average) | 47 |
173 |
USD 15,001 - 25,000 |
6 - 48 |
Credit Ins |
19.0%-21.0% annual, Decl Bal |
None |
0.36%-2.88% ongoing |
None |
N/A |
19.1% - 36.0% |
0 |
0.6% - 0.9% |
0 |
20.8% - 21.8% |
52 - 95 |
89 |
Outstanding portfolio (UGX) | UGX 7,221,544,853 |
Portfolio (USD) | USD 2,777,517.25 |
Active Clients with Loans | 757 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 40% - 60% |
Individual | x |
Solidarity group | |
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 | 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 | |
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 (USD) | USD 3,032,103.92 |
Portfolio (USD) | USD 3,032,103.92 |
Active Clients with Loans | 173 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 40% - 60% |
Individual | x |
Solidarity group | |
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 | 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 | |
Must be a salaried worker | |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | 2 |
# Regions for this product | 2 |
Regions Active | Beni , Santa Cruz |
Currency | UGX |
Minimum loan size | UGX 500,000 |
Maximum loan size | 625,000,000 |
Loans less than UGX 1,000,000 | 5% |
UGX 1,000,000-5,000,000 | 5% |
UGX 5,000,000-7,500,000 | 5% |
UGX 7,500,000-10,000,000 | 5% |
UGX 10,000,000-13,000,000 | 5% |
Greater than UGX 13,000,000 | 5% |
Shortest loan term | 4.0 months |
Longest loan term | 36.0 months |
Approx average | 18.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 5% |
Between 7 and 9 months | 5% |
Between 10 and 12 months | 20% |
Between 13 and 18 months | 40% |
Longer than 18 months | 30% |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | x |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Currency | USD |
Minimum loan size | USD 15,001 |
Maximum loan size | 25,000 |
Loans less than USD 1,500 | 0 |
USD 1,500-5,000 | 0 |
USD 5,000-10,000 | 0 |
USD 10,000-15,000 | 0 |
USD 15,000-18,000 | 20% |
Greater than USD 18,000 | 20% |
Shortest loan term | 6.0 months |
Longest loan term | 48.0 months |
Approx average | 41.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 10% |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 15% |
Between 13 and 18 months | 5% |
Longer than 18 months | 70% |
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 | x |
Every 12 months | x |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 24.00% |
Highest quoted nominal interest | 24.00% |
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 Set up fee | Application Fees | |
% 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 | Loans <50M pay 20,000 & loans >50M pay 50,000. | |
Appears on Repayment Sched? | Yes | Yes |
Fee 1 | |
---|---|
Description | Monitoring fee |
% of loan amount - min | 0.50% |
% of loan amount - max | 1.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Loans <50M pay 1% & loans >50M pay 0.5% |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Insrance fees |
% 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? | Yes |
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 | 19.00% |
Highest quoted nominal interest | 21.00% |
Reason(s) why interest rate varies | Loan Size, Client Risk, Collateral |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Ins 1 | |
---|---|
Description | Pago del seguro de desgravamen |
% of loan amount - min | 0.36% |
% of loan amount - max | 2.88% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Se aplica 0.06% en cada cuota cargado en el saldo pendiente del principal |
Appears on Repayment Sched? | Yes |
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 |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | UGX 800,000 | UGX 1,500,000 | UGX 3,000,000 | UGX 6,000,000 | UGX 8,000,000 | UGX 15,000,000 | |||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
Disbursement Date | 2013-02-20 | 2013-03-20 | 2013-03-27 | 2013-01-05 | 2013-02-12 | 2013-02-07 | |||||
Loan Term (Months) | 6.0 months | 5.1 months | 12.0 months | 6.0 months | 12.0 months | 12.0 months | |||||
Grace Period (Months) | -0.1 months | 0.0 months | 0.0 months | 0.1 months | -0.1 months | -0.1 months | |||||
Total Cost of Credit | UGX 144,809 | UGX 226,110 | UGX 865,414 | UGX 845,510 | UGX 1,904,364 | UGX 3,628,175 | |||||
True Price by Comp | |||||||||||
Interest price component | 42.1% | 41.1% | 41.1% | 35.2% | 35.8% | 35.8% | |||||
Fee Component | 16.7% | 13.8% | 6.9% | 8.2% | 4.5% | 5.0% | |||||
Insurance Component | 3.9% | 4.3% | 2.0% | 3.7% | 2.0% | 2.1% | |||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Full APR (int fee ins tax dep) | 62.7% | 59.2% | 50.0% | 47.1% | 42.3% | 42.9% | |||||
Transparency Index | 38 | 41 | 48 | 51 | 57 | 56 | |||||
Original Repayment Schedule | |||||||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | USD 17,000 | USD 18,000 | USD 20,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-10-01 | 2013-10-01 | 2013-10-01 | ||
Loan Term (Months) | 13.0 months | 31.0 months | 37.0 months | ||
Grace Period (Months) | 0.5 months | 0.5 months | 0.0 months | ||
Total Cost of Credit | USD 2,148.98 | USD 5,468.40 | USD 7,497.79 | ||
True Price by Comp | |||||
Interest price component | 20.1% | 20.1% | 21.1% | ||
Fee Component | 0.0% | 0.0% | 0.0% | ||
Insurance Component | 0.7% | 0.7% | 0.7% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 20.8% | 20.8% | 21.8% | ||
Transparency Index | 91 | 91 | 87 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
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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