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

Please note that the information you are viewing is 158 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

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Institution

Rural Bank of Liloy (ZN), Inc. BaybayLiloy, Zamboanga del Norte/ Region IX7115

Data approved: 2011-11-15

Data version: 1

Age of data: 158 months

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Product

Agriculture Loan Product 1 of 2 « Prev | Next »

Product

PMPK-GRASA Program Product 1 of 2 « Prev | Next »

Product Summary

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

Product Summary

4,036
PHP 2,000 - 50,000
3 - 12
Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training
30.0% annual, Flat
5.00% upfront
10.00 ongoing
1.00% loan amt
50.00 ongoing

N/A
82.9% - 83.0% (Int+Fee)
2.8% - 30.8%
0.8% - 4.9%
93.2% - 165.2%
18 - 32
26

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

Product Details

Key Statistics

Outstanding portfolio (PHP)	PHP 16,439,719.35
Portfolio (USD)	USD 393,294.72
Active Clients with Loans	4,036
Approximate % Female Clients	60% - 80%
Approximate % Urban Clients	0% - 20%

Methodology

Individual	x
Solidarity group
Village banking
Self help group
Other	Semi-individual/ASA Methodology

Description

Offer accessible and affordable credit assistance to poor families in Zamboanga Peninsula who are willing to improve their lives. This program is primariliy for poor women/wives willing to submit to the regulations of the program.

Loan Purpose

Any purpose
Income generation	x
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)

Included Services

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

Eligibility

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	x
Other	2 years resident in area, Must pass Means Test
Other (2)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	N/A
# Regions for this product	N/A
Regions Active

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

Loan Conditions

Loan Amount

Currency	PHP
Minimum loan size	PHP 2,000
Maximum loan size	50,000

Loan Term and Grace Period

Shortest loan term	3.0 months
Longest loan term	12.0 months
Approx average	6.0 months

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

Daily
Weekly	x
Every 2 weeks
Every 4 weeks
Monthly
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?

Pricing Information

Interest

Lowest quoted nominal interest	2.50%
Highest quoted nominal interest	2.50%
Interest rate period	Monthly
Interest Rate Calculation Method	Flat
Subsidized by funder request?
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1
Description	Service Charge
% of loan amount - min	5.00%
% of loan amount - max	5.00%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation
Appears on Repayment Sched?	Yes

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

This product has no upfront insurance fees

Ongoing Insurance Fees

	Ins 1
Description	Mutual Fund
% of loan amount - min	0
% of loan amount - max	0
OR, Fixed amount - min	10
Fixed amount - max	10
Reason for variation	N/A
Appears on Repayment Sched?	Yes

Compulsory Deposit

Required for	All
Criteria	N/A
Is deposit indicated on the repayment schedule?	Yes
Do borrowers control deposit in their group?

Deposit BEFORE or AT Disbursement

% loan amount deposited	0
or, Fixed-amount deposited	0

Deposits DURING period payments

% loan amount deposited	0
or, Fixed-amount deposited	PHP 50
Conditions on access to deposit	Final Pmt

Interest Paid on Deposit

Minimum interest rate paid	2.00%
Maximum interest rate paid	2.00%
Interest payment frequency	Annually

Taxes

Are taxes charged on this product?	Yes
Percentage of fees	0
All or some fees taxed	N/A

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

Full Pricing Data

PMPK-GRASA Program samples

	Sample 1	Sample 2	Sample 3	Sample 4
Loan Amount	PHP 3,000	PHP 8,000	PHP 15,000	PHP 33,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known	Not Known
Disbursement Date	2011-01-25	2011-03-02	2011-07-07	2011-06-30
Loan Term (Months)	5.6 months	5.6 months	5.6 months	5.6 months
Grace Period (Months)	0.0 months	0.0 months	0.0 months	0.0 months
Total Cost of Credit	Not Known	Not Known	Not Known	Not Known
True Price by Comp
Interest and Fee Component	83.0%	83.0%	82.9%	82.9%
Insurance Component	30.8%	11.7%	6.3%	2.8%
Tax Component	4.9%	4.8%	4.8%	4.8%
Deposit Component	46.5%	12.9%	6.2%	2.7%
Full APR (int fee ins tax dep)	165.2%	112.4%	100.1%	93.2%
Transparency Index	18	27	30	32

Original Repayment Schedule	PDF	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF	PDF

Agriculture Loan Price Graphs

Click to view Price Analysis Tool

PMPK-GRASA Program Price Graphs

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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

Institution

Product

Product

Product Summary

Product Summary

Product Details

Key Statistics

Methodology

Description

Loan Purpose

Included Services

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

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

Loan Conditions

Loan Amount

Loan Term and Grace Period

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

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

Full Pricing Data

PMPK-GRASA Program samples

Agriculture Loan Price Graphs

PMPK-GRASA Program Price Graphs

Total Borrowers of Samples

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