Institution Type | Non-Governmental Organization |
Is this institution regulated? | No |
Website address | N/A |
Year established | 1996 |
Head of Institution | Kasasa Moses |
Regions active | Central |
# Branches | 4 |
Total Portfolio (nat'l) | UGX 2,245,951,000 |
Total Portfolio (USD) | USD 898,380.40 |
Active clients with loans | 5,557 |
Approximate % female clients | 40% - 60% |
Approximate % urban clients | 20% - 40% |
Network affiliations | AMFIU |
Funders | Stromme, Oikocredit |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Agriculture Group Lending | UGX 100,000 - 1,000,000 | 6 | 40% - 60% | 0% - 20% | Any Purpose | Women, Men, Have business | Credit Educ, Group Mtgs, Credit Ins | |||||||
Commercial Group Loans | UGX 100,000 - 3,000,000 | 4 - 6 | 80% - 100% | 40% - 60% | Business | Women, Men, Have business | Credit Educ, Group Mtgs, Credit Ins | |||||||
Emergency Loan | UGX 200,000 - 1,000,000 | 1 | 20% - 40% | 60% - 80% | Any Purpose | Women, Men, Have business, Salaried worker | Credit Educ | |||||||
Individual Business loans | UGX 500,000 - 15,000,000 | 4 - 10 | 40% - 60% | 60% - 80% | Business | Women, Men, Have business, Salaried worker | Credit Educ, Credit Ins |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Agriculture Group Lending | 38.40% annual, Flat | 2 Fees | 1 Ins | None | N/A | 84.9% - 90.7% | 90.4% - 96.3% | 41 | ||||||||
Commercial Group Loans | 45.60% annual, Flat | 2 Fees | 1 Ins | None | N/A | 106.5% - 112% | 113.3% - 118.9% | 39 | ||||||||
Emergency Loan | 60.00% annual, Flat | 2 Fees | 0 Ins | None | N/A | 103.8% - 157.1% | 103.8% - 157.1% | 48 | ||||||||
Individual Business loans | 48.00% annual, Flat | 2 Fees | 1 Ins | None | N/A | 89.5% - 96.4% | 92.3% - 100.6% | 49 |
Outstanding portfolio (PKR) | PKR 629,599,517 |
Portfolio (USD) | USD 6,182,667.26 |
Active Clients with Loans | 18,352 |
Approximate % Female Clients | 0% - 20% |
Approximate % Urban Clients | 100% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | |
Mortgage/housing | |
Consumer loan | x |
Agriculture | |
Education | |
Other household finance | x |
Other | |
Other (2) |
Credit education | |
Group meetings | |
Credit insurance | |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services | x |
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 | 5 |
# Regions for this product | 2 |
Regions Active | Punjab, Sindh |
Currency | PKR |
Minimum loan size | PKR 10,000 |
Maximum loan size | 150,000 |
Loans less than PKR 10,000 | 0 |
PKR 10,000-25,000 | 0 |
PKR 25,000-50,000 | 80% |
PKR 50,000-75,000 | 10% |
PKR 75,000-150,000 | 10% |
Greater than PKR 150,000 | 10% |
Shortest loan term | 12.0 months |
Longest loan term | 36.0 months |
Approx average | 18.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 80% |
Between 13 and 18 months | 20% |
Longer than 18 months | 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 | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 18.00% |
Highest quoted nominal interest | 18.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Processing fee |
% of loan amount - min | 0 |
% of loan amount - max | 2.00% |
OR, Fixed amount - min | 1,000 |
Fixed amount - max | 0 |
Reason for variation | %age of loan amount or fixed amount- whichever is higher |
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? | Yes |
Percentage of fees | 16% |
All or some fees taxed | Some |
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 26,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 5,852.82 | 39.2% | 30.6% | 7.4% | 0.0% | 1.2% | 0.0% | 46 | - | |
PKR 28,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 6,223.09 | 38.7% | 30.6% | 6.9% | 0.0% | 1.2% | 0.0% | 47 | - | |
PKR 30,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 6,597.99 | 38.2% | 30.6% | 6.5% | 0.0% | 1.1% | 0.0% | 47 | - | |
PKR 35,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 7,477.20 | 37.0% | 30.6% | 5.5% | 0.0% | 0.9% | 0.0% | 49 | - | |
PKR 40,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 8,379.73 | 36.1% | 30.6% | 4.8% | 0.0% | 0.7% | 0.0% | 50 | - | |
PKR 45,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 9,322.79 | 35.7% | 30.6% | 4.4% | 0.0% | 0.7% | 0.0% | 50 | - | |
PKR 65,000 | Generated | 2015-06-01 | 18.0 months | N/A | PKR 19,106.08 | 33.4% | 30.3% | 2.6% | 0.0% | 0.5% | 0.0% | 54 | - | |
PKR 95,000 | Generated | 2015-06-01 | 18.0 months | N/A | PKR 27,924.27 | 33.4% | 30.3% | 2.6% | 0.0% | 0.5% | 0.0% | 54 | - |
Key Statistics | |
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Loan Portfolio (USD) | |
% Products using declining balance | |
% Products with one or more fee | |
% Products with one or more insurances | |
% Products with compulsory deposits |
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