Number borrowers | 963 |
Loan Amount (range) | UGX 500,000 - 30,000,000 |
Loan Term (range) | 6 - 12 |
Other Services (text summary) | Credit Educ, Credit Ins, Tech Asst Visits, Post disbursement monitoring |
Annual Interest & Method | 36.00% annual, Decl Bal |
Fees | 2 fees |
Insurance | 1.00% upfront |
Tax | None |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | 34.5% - 35.3% |
Fee Component | 0.2% - 3.6% |
Insurance Component | 1.7% - 2.9% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 37.4% - 41.7% |
Transparency Index (min/max) | 86 - 96 |
Transparency Index (average) | 93 |
216.50 |
USD 50 - 1,500 |
6 - 24 |
Credit Ins, Tech Asst Visits |
14.4%-21.6% annual, Decl Bal |
3.00 ongoing |
0.18%-0.72% ongoing |
None |
N/A |
14.3% - 21.7% |
4.0% - 18.7% |
0.5% - 0.7% |
0 |
28.4% - 34.3% |
35 - 71 |
46 |
Outstanding portfolio (UGX) | UGX 1,436,372,327 |
Portfolio (USD) | USD 574,549 |
Active Clients with Loans | 963 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 0% - 20% |
Individual | x |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | Improvement on family's welfare, social and economic status. |
Other (2) |
Credit education | x |
Group meetings | |
Credit insurance | x |
Workplace visits | x |
Business training | |
Other training | |
Other | Post disbursement monitoring |
Other (2) | |
No other services |
Men | x |
Women | x |
Must run a business | |
Must own a home or land | x |
Must be a salaried worker | |
Must be specific age group | |
Other | Small group of about 5 members |
Other (2) |
# Regions for this institution | 1 |
# Regions for this product | 1 |
Regions Active | Western |
Outstanding portfolio (USD) | USD 331,769 |
Portfolio (USD) | USD 331,769 |
Active Clients with Loans | 216.50 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 60% - 80% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | x |
Education | x |
Other household finance | |
Other | |
Other (2) |
Credit education | |
Group meetings | |
Credit insurance | x |
Workplace visits | x |
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 | 1 |
# Regions for this product | 1 |
Regions Active | La Paz |
Currency | UGX |
Minimum loan size | UGX 500,000 |
Maximum loan size | 30,000,000 |
Loans less than UGX 1,000,000 | 10% |
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 | 6.0 months |
Longest loan term | 12.0 months |
Approx average | 8.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 20% |
Between 10 and 12 months | 80% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 100% |
Average grace period | 2.0 months |
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 | USD |
Minimum loan size | USD 50 |
Maximum loan size | 1,500 |
Loans less than USD 1,500 | 100% |
USD 1,500-5,000 | 0 |
USD 5,000-10,000 | 0 |
USD 10,000-15,000 | 0 |
USD 15,000-18,000 | 0 |
Greater than USD 18,000 | 0 |
Shortest loan term | 6.0 months |
Longest loan term | 24.0 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 | 20% |
Between 13 and 18 months | 40% |
Longer than 18 months | 20% |
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 | 3.00% |
Highest quoted nominal interest | 3.00% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Loan Application Fee | Site Visit Fee | |
% of loan amount - min | 0 | 0 | |
% of loan amount - max | 0 | 0 | |
OR, Fixed amount - min | 5,000 | 5,000 | |
Fixed amount - max | 5,000 | 5,000 | |
Reason for variation | N/A | N/A | |
Appears on Repayment Sched? | No | No |
Ins 1 | |
---|---|
Description | Loan Insurance 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 |
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 | 1.20% |
Highest quoted nominal interest | 1.80% |
Reason(s) why interest rate varies | Client Risk, Loan Purpose |
Interest rate period | Monthly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | Yes |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Cobro por Formularios |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 3 |
Fixed amount - max | 3 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Seguro de Desgravamen |
% of loan amount - min | 0.18% |
% of loan amount - max | 0.72% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Insurance fee is 0.03% per month, charged on the disbursed loan amount. |
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 12,000,000 | |||||
Loan Cycle (1, 2, 3, etc) | 1 | 2 | 3 | 7 | 4 | 3 | |||||
Disbursement Date | 2012-05-23 | 2012-06-26 | 2012-06-11 | 2012-06-11 | 2012-07-23 | 2012-07-25 | |||||
Loan Term (Months) | 8.0 months | 8.0 months | 12.0 months | 8.0 months | 12.0 months | 12.0 months | |||||
Grace Period (Months) | 1.0 month | 1.0 month | 4.1 months | 1.1 months | 2.1 months | 1.0 month | |||||
Total Cost of Credit | UGX 126,000 | UGX 227,500 | UGX 760,000 | UGX 880,000 | UGX 1,769,999 | UGX 2,470,000 | |||||
True Price by Comp | |||||||||||
Interest price component | 35.2% | 35.3% | 35.2% | 34.5% | 35.3% | 35.3% | |||||
Fee Component | 3.6% | 1.9% | 0.5% | 0.5% | 0.3% | 0.2% | |||||
Insurance Component | 2.9% | 2.9% | 1.7% | 2.8% | 1.9% | 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) | 41.7% | 40.1% | 37.4% | 37.8% | 37.5% | 37.6% | |||||
Transparency Index | 86 | 90 | 96 | 95 | 96 | 96 | |||||
Original Repayment Schedule | |||||||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | USD 450 | USD 600 | USD 1,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-07-25 | 2013-07-18 | 2013-06-25 | ||
Loan Term (Months) | 12.0 months | 18.0 months | 18.0 months | ||
Grace Period (Months) | 0.0 months | 0.1 months | -0.2 months | ||
Total Cost of Credit | USD 89.74 | USD 167.87 | USD 237.56 | ||
True Price by Comp | |||||
Interest price component | 20.5% | 21.7% | 21.7% | ||
Fee Component | 13.3% | 9.7% | 6.1% | ||
Insurance Component | 0.5% | 0.6% | 0.6% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 34.3% | 32.0% | 28.4% | ||
Transparency Index | 42 | 45 | 51 | ||
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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