Rushere Cooperative Savings and Credit Society Ltd - Agriculture Loan - 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

Institution

Rushere Cooperative Savings and Credit Society Ltd Rushere Town BoardNyabushoziKiruhura, Western UgandaPO Box 9

Data approved: 2012-09-14

Data version: 2

Age of data: 144 months

Download Data

Analyze Data

Product

Agriculture Loan Product 1 of 2 « Prev | Next »

Product Details

Key Statistics

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%

Methodology

Individual	x
Solidarity group	x
Village banking
Self help group
Other

Description

Agriculture loan is the most demanded product since this is a predominantely agricultural rural area.

Loan Purpose

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)

Included Services

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

Eligibility

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)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	1
# Regions for this product	1
Regions Active	Western

Loan Conditions

Loan Amount

Currency	UGX
Minimum loan size	UGX 500,000
Maximum loan size	30,000,000

Distribution at Disbursement (Est.)

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%

Loan Term and Grace Period

Shortest loan term	6.0 months
Longest loan term	12.0 months
Approx average	8.0 months

Distribution at Disbursement (Est.)

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

Grace period usage	100%
Average grace period	2.0 months

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	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

Upfront Fees

	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

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	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

Ongoing Insurance Fees

This product has no ongoing insurance fees

Compulsory Deposit

Required for	Never
Criteria	N/A
Is deposit indicated on the repayment schedule?	N/A
Do borrowers control deposit in their group?	N/A

Deposit BEFORE or AT Disbursement

% loan amount deposited	N/A
or, Fixed-amount deposited	N/A

Deposits DURING period payments

% loan amount deposited	N/A
or, Fixed-amount deposited	N/A
Conditions on access to deposit	N/A

Interest Paid on Deposit

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

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Full Pricing Data

Agriculture Loan samples

	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	PDF	PDF	PDF	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF	PDF	PDF	PDF

Agriculture Loan Price Graphs

Click to view Price Analysis Tool

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
1st Valley Bank	38,900	48,291,000	3	158
AJDFI	13,100	884,000	6	158
ARDCI	44,600	9,403,000	1	158
ASA Philippines	333,400	29,282,000	1	158
ASHI	35,400	5,231,000	6	158
ASKI	60,000	15,247,000	4	158
Bangko Kabayan	8,900	2,373,000	2	158
BSEI	600	73,000	2	158
CBI	8,100	2,010,000	5	158
CCT	70,300	9,504,000	4	158
CEV	35,400	5,111,000	4	158
DSPI	59,300	3,676,000	3	158
ECLOF	5,400	1,836,000	4	158
FCB	12,000	2,392,000	2	158
FMB	2,700	710,000	2	158
GM Bank	23,500	1,553,000	3	158
HSPFI	19,100	1,899,000	2	158
JVOFI	1,300	281,000	1	158
Katipunan Bank	42,100	5,325,000	2	158
KDCI	20,500	2,095,000	3	158
KGI	32,300	3,421,000	4	158
KMBI	245,000	15,098,000	1	158
LTMPC	37,400	8,935,000	3	158
Mallig Plains	6,500	641,000	2	158
MILAMDEC	29,800	3,278,000	2	158
MWIMPC	11,800	1,740,000	4	157
NWTF	105,500	12,698,000	5	158
OFMPC	4,400	964,000	1	158
PBC	50,700	10,434,000	4	158
PCSD	700	167,000	1	158
PMPC	23,500	5,565,000	8	158
RB Angeles	900	1,502,000	2	158
RB Labason	500	289,000	1	158
RBLI	5,200	1,026,000	2	158
RBMI	11,900	1,750,000	2	158
RMB	100	173,000	1	158
RSPI	39,600	2,834,000	4	158
SAFRAGEMC	1,100	229,000	1	158
Salve	10,900	1,191,000	3	158
SEDP	27,000	3,914,000	3	158
TSKI	212,900	25,187,000	2	158
TSPI	264,500	31,290,000	7	158
Valient	1,700	672,000	2	158

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

Product

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

Agriculture Loan samples

Agriculture Loan Price Graphs

Total Borrowers of Samples

Learn More

MFTransparency News

Explore Resources