| Number borrowers | 204 |
| Loan Amount (range) | UGX 100,000 - 7,000,000 |
| Loan Term (range) | 4 - 12 |
| Other Services (text summary) | Credit Educ, Credit Ins, Tech Asst Visits, Business Training |
| Annual Interest & Method | 30.00% annual, Flat |
| Fees | 2 fees |
| Insurance | 1.00% upfront |
| Tax | None |
| Comp Dep | 20.00% upfront |
| Range of pricing | |
| Interest Price Component | 43.3% - 50.5% |
| Fee Component | 4.2% - 16.3% |
| Insurance Component | 2.1% - 5.1% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 81.7% - 95.6% |
| Transparency Index (min/max) | 31 - 37 |
| Transparency Index (average) | 34 |
| 772 |
| RWF 1,000,000 - 15,000,000 |
| 6 - 24 |
| Credit Educ, Group Mtgs, Credit Ins |
| 48.00%-60.00% annual, Decl Bal |
| 3.00% upfront |
| 1.50% upfront |
| None |
| 0.00%-20.00% upfront |
| 47.0% - 58.6% |
| 5.6% - 10.6% |
| 2.1% - 4.7% |
| 0 |
| 88.3% - 101.3% |
| 47 - 87 |
| 49 |
| Outstanding portfolio (UGX) | UGX 156,918,900 |
| Portfolio (USD) | USD 62,768 |
| Active Clients with Loans | 204 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 80% - 100% |
| 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 | x |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | |
| Credit insurance | x |
| Workplace visits | x |
| Business training | x |
| 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 | Central |
| Outstanding portfolio (RWF) | RWF 1,191,962,390 |
| Portfolio (USD) | USD 1,862,441.23 |
| Active Clients with Loans | 772 |
| 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 | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | |
| 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 | 3 |
| # Regions for this product | 3 |
| Regions Active | Muhanga, Musanze, Nyarugenge |
| Currency | UGX |
| Minimum loan size | UGX 100,000 |
| Maximum loan size | 7,000,000 |
| Loans less than UGX 1,000,000 | 40% |
| UGX 1,000,000-5,000,000 | 30% |
| UGX 5,000,000-7,500,000 | 30% |
| UGX 7,500,000-10,000,000 | 0 |
| UGX 10,000,000-13,000,000 | 0 |
| Greater than UGX 13,000,000 | 0 |
| Shortest loan term | 4.0 months |
| Longest loan term | 12.0 months |
| Approx average | 4.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 5% |
| Between 7 and 9 months | 90% |
| Between 10 and 12 months | 0 |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 5% |
| 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 |
| Currency | RWF |
| Minimum loan size | RWF 1,000,000 |
| Maximum loan size | 15,000,000 |
| Loans less than RWF 500,000 | 0 |
| RWF 500,000-1,500,000 | 10% |
| RWF 1,500,000-2,500,000 | 15% |
| RWF 2,500,000-3,500,000 | 15% |
| RWF 3,500,000-4,500,000 | 15% |
| Greater than RWF 4,500,000 | 15% |
| Shortest loan term | 6.0 months |
| Longest loan term | 24.0 months |
| Approx average | 9.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 30% |
| Between 10 and 12 months | 30% |
| Between 13 and 18 months | 30% |
| Longer than 18 months | 10% |
| 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 | 2.50% |
| Highest quoted nominal interest | 2.50% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | Yes |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | Fee 2 | ||
|---|---|---|---|
| Description | Loan Processing Fee | Loan Application Fee | |
| % of loan amount - min | 2.00% | 0 | |
| % of loan amount - max | 2.00% | 0 | |
| OR, Fixed amount - min | 0 | 3,000 | |
| Fixed amount - max | 0 | 3,000 | |
| Reason for variation | N/A | N/A | |
| Appears on Repayment Sched? | No | Yes |
| Ins 1 | |
|---|---|
| Description | Credit Insurance |
| % 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 | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | No |
| Do borrowers control deposit in their group? | Yes |
| % loan amount deposited | 20.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | End Term |
| Minimum interest rate paid | 0 |
| Maximum interest rate paid | 0 |
| Interest payment frequency | N/A |
| Are taxes charged on this product? | No |
| Lowest quoted nominal interest | 4.00% |
| Highest quoted nominal interest | 5.00% |
| Reason(s) why interest rate varies | Time as Client |
| 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 | |
|---|---|
| Description | Administration Fee |
| % of loan amount - min | 3.00% |
| % of loan amount - max | 3.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | 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 | Covers loss of life and permanent total disability |
| Appears on Repayment Sched? | No |
| Required for | Some |
| Criteria | More risky clients asked to give cash collateral upto 20% |
| Is deposit indicated on the repayment schedule? | No |
| Do borrowers control deposit in their group? | No |
| % loan amount deposited | 0.00% - 20.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | End Term |
| Minimum interest rate paid | 0 |
| Maximum interest rate paid | 0 |
| Interest payment frequency | N/A |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | UGX 200,000 | UGX 600,000 | UGX 1,500,000 | UGX 300,000 | UGX 7,000,000 | ||||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | 0 | ||||
| Disbursement Date | 2012-08-16 | 2012-07-17 | 2012-08-06 | 2012-08-03 | 2012-02-01 | ||||
| Loan Term (Months) | 4.1 months | 6.0 months | 10.0 months | 4.0 months | 12.0 months | ||||
| Grace Period (Months) | 0.3 months | 0.1 months | 0.6 months | 0.1 months | 0.0 months | ||||
| Total Cost of Credit | UGX 29,000 | UGX 111,000 | UGX 423,000 | UGX 42,000 | UGX 2,313,000 | ||||
| True Price by Comp | |||||||||
| Interest price component | 43.3% | 47.4% | 49.2% | 46.4% | 50.5% | ||||
| Fee Component | 16.3% | 8.8% | 5.0% | 15.0% | 4.2% | ||||
| Insurance Component | 4.8% | 3.6% | 2.4% | 5.1% | 2.1% | ||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Deposit Component | 26.0% | 26.7% | 25.1% | 29.1% | 25.5% | ||||
| Full APR (int fee ins tax dep) | 90.4% | 86.5% | 81.7% | 95.6% | 82.3% | ||||
| Transparency Index | 33 | 35 | 37 | 31 | 36 | ||||
| Original Repayment Schedule | |||||||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | RWF 1,050,000 | RWF 2,000,000 | RWF 3,200,000 | RWF 4,200,000 | |||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
| Disbursement Date | 2012-08-31 | 2012-08-23 | 2012-08-14 | 2012-07-24 | |||
| Loan Term (Months) | 7.0 months | 9.0 months | 9.0 months | 9.0 months | |||
| Grace Period (Months) | 0.2 months | 0.1 months | 0.1 months | 0.4 months | |||
| Total Cost of Credit | RWF 229,672.45 | RWF 629,298.88 | RWF 1,007,162.06 | RWF 1,386,216.14 | |||
| True Price by Comp | |||||||
| Interest price component | 47.1% | 58.6% | 58.6% | 58.5% | |||
| Fee Component | 9.1% | 7.7% | 7.7% | 7.3% | |||
| Insurance Component | 4.7% | 4.0% | 4.0% | 3.8% | |||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Deposit Component | 27.4% | 31.0% | 31.0% | 29.4% | |||
| Full APR (int fee ins tax dep) | 88.3% | 101.3% | 101.3% | 99.0% | |||
| Transparency Index | 54 | 47 | 47 | 48 | |||
| Original Repayment Schedule | |||||||
| MFT Pricing Calculation |
| 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 |
| Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
|---|---|---|---|---|---|---|---|
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