| Institution Type | Credit Union / Cooperative |
| Is this institution regulated? | Yes |
| Website address | N/A |
| Year established | 2004 |
| Head of Institution | Kasirye Flavia |
| Regions active | Central |
| # Branches | 1 |
| Total Portfolio (nat'l) | UGX 156,918,900 |
| Total Portfolio (USD) | USD 62,767.56 |
| Active clients with loans | 204 |
| Approximate % female clients | 60% - 80% |
| Approximate % urban clients | 40% - 60% |
| Network affiliations | UCA |
| Funders |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Business Loan | UGX 100,000 - 7,000,000 | 4 - 12 | 40% - 60% | 80% - 100% | Business, Other | Women, Men, Have business | Credit Educ, Credit Ins, Tech Asst Visits, Business Training |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Business Loan | 30.00% annual, Flat | 2 Fees | 1 Ins | None | 20.00% upfront | 54.2% - 61.4% | 81.7% - 95.6% | 34 |
| Outstanding portfolio (PHP) | PHP 169,434,204 |
| Portfolio (USD) | USD 4,053,449.86 |
| Active Clients with Loans | 6,341 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 40% - 60% |
| Individual | x |
| Solidarity group | |
| 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 | |
| Group meetings | |
| Credit insurance | x |
| Workplace visits | |
| Business training | x |
| Other training | x |
| 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 | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Currency | PHP |
| Minimum loan size | PHP 10,000 |
| Maximum loan size | 50,000 |
| Shortest loan term | 3.0 months |
| Longest loan term | 6.0 months |
| Approx average | 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 | 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 |
| Fee 1 | Fee 2 | ||
|---|---|---|---|
| Description | Notarial Fee | Service Charge | |
| % of loan amount - min | 0 | 4.00% | |
| % of loan amount - max | 0 | 4.00% | |
| OR, Fixed amount - min | 100 | 0 | |
| Fixed amount - max | 100 | 0 | |
| Reason for variation | N/A | ||
| Appears on Repayment Sched? | Yes | Yes |
| Ins 1 | |
|---|---|
| Description | MicroEnsure |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 75 |
| Fixed amount - max | 469 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | Yes |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | Yes |
| Do borrowers control deposit in their group? |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 10.00% |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | Access During |
| Minimum interest rate paid | 2.00% |
| Maximum interest rate paid | 2.00% |
| Interest payment frequency | End Term |
| Are taxes charged on this product? | Yes |
| Percentage of fees | 0 |
| All or some fees taxed | N/A |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | PHP 15,000 | PHP 15,000 | PHP 30,000 | PHP 30,000 | |||
| Loan Cycle (1, 2, 3, etc) | 3 | 1 | 3 | 1 | |||
| Disbursement Date | 2011-05-31 | 2011-06-27 | 2011-06-30 | 2011-07-29 | |||
| Loan Term (Months) | 3.0 months | 3.0 months | 3.0 months | 3.0 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 | 61.2% | 59.9% | 49.2% | 52.9% | |||
| Insurance Component | 9.5% | 9.3% | 7.9% | 8.5% | |||
| Tax Component | 2.0% | 2.0% | 1.7% | 1.8% | |||
| Deposit Component | 6.4% | 6.1% | 4.3% | 5.0% | |||
| Full APR (int fee ins tax dep) | 79.0% | 77.2% | 63.0% | 68.2% | |||
| Transparency Index | 38 | 39 | 48 | 44 | |||
| Original Repayment Schedule | |||||||
| MFT Pricing Calculation |
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| % 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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