Institution Type | Non-Governmental Organization |
Is this institution regulated? | Yes |
Website address | http://www.opportunitybank.co.ug |
Year established | 1995 |
Head of Institution | Andre Lalumiere |
Regions active | Central, Eastern, Western |
# Branches | 15 |
Total Portfolio (nat'l) | UGX 35,258,199,073 |
Total Portfolio (USD) | USD 13,560,845.80 |
Active clients with loans | 23,734 |
Approximate % female clients | 40% - 60% |
Approximate % urban clients | 20% - 40% |
Network affiliations | Opportunity International, AMFIU |
Funders | Opportunity International |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Solidarity Group Loan | UGX 50,000 - 5,000,000 | 4 - 12 | 60% - 80% | 40% - 60% | Business, Housing, Education | Women, Men, Have business | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training, Consumer Financial Education | |||||||
School Fee Loan - Group | UGX 100,000 - 3,000,000 | 3 - 6 | 60% - 80% | 40% - 60% | Education | Women, Men, Have business | Group Mtgs, Credit Ins, Tech Asst Visits, Business Training | |||||||
School Fee Loan - Individual | UGX 500,000 - 5,000,000 | 3 - 6 | 60% - 80% | 40% - 60% | Education | Women, Men, Have business | Credit Educ, Credit Ins, Tech Asst Visits, Business Training | |||||||
Agriculture Loan - Group | UGX 100,000 - 15,000,000 | 3 - 24 | 40% - 60% | 40% - 60% | Business | Women, Men, Have business | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training | |||||||
Agriculture Loan - Individual | UGX 500,000 - 625,000,000 | 3 - 60 | 40% - 60% | 40% - 60% | Business | Women, Men, Have business | Credit Educ, Credit Ins, Tech Asst Visits, Business Training | |||||||
Asset Financing Loan | UGX 500,000 - 625,000,000 | 6 - 60 | 40% - 60% | 40% - 60% | Any Purpose | Women, Men | Credit Educ, Credit Ins, Tech Asst Visits, Business Training | |||||||
Salary Loan | UGX 500,000 - 20,000,000 | 3 - 36 | 40% - 60% | 40% - 60% | Consumer | Women, Men, Salaried worker | Credit Educ, Credit Ins | |||||||
Education Loan | UGX 500,000 - 625,000,000 | 4 - 60 | 40% - 60% | 40% - 60% | Education | Women, Men, Schools & Companies are also eligible. | Credit Educ, Credit Ins | |||||||
Business Loan | UGX 500,000 - 625,000,000 | 4 - 36 | 40% - 60% | 40% - 60% | Business | Women, Men, Have business | Credit Ins |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Solidarity Group Loan | 27.00%-30.00% annual, Flat | 2 Fees | 1 Ins | None | 15.00% upfront | 51.9% - 70.1% | 69.8% - 100.3% | 32 | ||||||||
School Fee Loan - Group | 30.00% annual, Flat | 2 Fees | 1 Ins | None | 15.00% upfront | 65.3% - 72.4% | 93% - 103.1% | 30 | ||||||||
School Fee Loan - Individual | 24.00% annual, Decl Bal | 3 Fees | 1 Ins | None | N/A | 48.6% - 58.6% | 50.7% - 62.3% | 43 | ||||||||
Agriculture Loan - Group | 27.00%-30.00% annual, Flat | 2 Fees | 1 Ins | None | 15.00% upfront | 32.9% - 61.6% | 39% - 86.6% | 50 | ||||||||
Agriculture Loan - Individual | 24.00% annual, Decl Bal | 3 Fees | 1 Ins | None | 15.00% upfront | 45.6% - 59.2% | 59.8% - 82.1% | 33 | ||||||||
Asset Financing Loan | 24.00% annual, Decl Bal | 3 Fees | 1 Ins | None | N/A | 43.7% - 53.2% | 44.9% - 56.4% | 47 | ||||||||
Salary Loan | 24.00% annual, Decl Bal | 3 Fees | 1 Ins | None | N/A | 43.8% - 55.1% | 44.7% - 58.4% | 47 | ||||||||
Education Loan | 24.00% annual, Decl Bal | 3 Fees | 1 Ins | None | N/A | 43.2% - 45.2% | 44.8% - 46.8% | 52 | ||||||||
Business Loan | 24.00% annual, Decl Bal | 3 Fees | 1 Ins | None | N/A | 40.3% - 58.8% | 42.3% - 62.7% | 47 |
Outstanding portfolio (PHP) | PHP 10,280,041.88 |
Portfolio (USD) | USD 245,934.02 |
Active Clients with Loans | 670 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 0% - 20% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | x |
Income generation | |
Mortgage/housing | |
Consumer loan | |
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 | |
Must be specific age group | |
Other | Barangay Officials |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Currency | PHP |
Minimum loan size | PHP 500 |
Maximum loan size | 15,000 |
Shortest loan term | 6.0 months |
Longest loan term | 36.0 months |
Approx average | 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 | x |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 1.90% |
Highest quoted nominal interest | 1.90% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Service Fee | Notarial Fee | |
% of loan amount - min | 4.00% | 0 | |
% of loan amount - max | 4.00% | 0 | |
OR, Fixed amount - min | 0 | 50 | |
Fixed amount - max | 0 | 50 | |
Reason for variation | N/A | ||
Appears on Repayment Sched? | No | No |
Ins 1 | |
---|---|
Description | Credit Insurance |
% of loan amount - min | 1.50% |
% of loan amount - max | 1.50% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | MBA, Life and Retirement Insurance |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 20 |
Fixed amount - max | 20 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | |
Do borrowers control deposit in their group? |
% loan amount deposited | 6.50% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | PHP 26 |
Conditions on access to deposit | Access During |
Minimum interest rate paid | 3.00% |
Maximum interest rate paid | 3.00% |
Interest payment frequency | Annually |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | PHP 3,671.47 | PHP 8,888.90 | PHP 15,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2010-09-30 | 2010-06-30 | 2010-12-16 | ||
Loan Term (Months) | 10.0 months | 24.0 months | 10.0 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 | 52.7% | 44.9% | 48.9% | ||
Insurance Component | 15.0% | 6.1% | 6.1% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 12.1% | 8.2% | 7.0% | ||
Full APR (int fee ins tax dep) | 79.8% | 59.2% | 62.0% | ||
Transparency Index | 29 | 39 | 37 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
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% Products using declining balance | |
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% 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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