| Outstanding portfolio (UGX) | UGX 80,550,750 |
| Portfolio (USD) | USD 32,220 |
| Active Clients with Loans | 400 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 60% - 80% |
| Individual | |
| Solidarity group | |
| Village banking | x |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | |
| Group meetings | x |
| Credit insurance | |
| Workplace visits | |
| Business training | x |
| Other training | |
| Other | |
| Other (2) | |
| No other services |
| Men | |
| 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 |
| Currency | UGX |
| Minimum loan size | UGX 100,000 |
| Maximum loan size | 800,000 |
| Loans less than UGX 1,000,000 | 100% |
| UGX 1,000,000-5,000,000 | 0 |
| UGX 5,000,000-7,500,000 | 0 |
| 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 | 5.0 months |
| Longest loan term | 5.0 months |
| Approx average | 5.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 100% |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 0 |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| Grace period usage | 0 |
| Average grace period | 0 |
| 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 |
| Lowest quoted nominal interest | 4.00% |
| Highest quoted nominal interest | 4.00% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Loan Appraisal 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 | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | No |
| Do borrowers control deposit in their group? | No |
| % loan amount deposited | 5.00% |
| 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 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | UGX 300,000 | UGX 250,000 | UGX 700,000 | UGX 800,000 | |||
| Loan Cycle (1, 2, 3, etc) | 1 | 1 | 3 | 4 | |||
| Disbursement Date | 2012-02-29 | 2012-04-11 | 2012-01-23 | 2012-02-23 | |||
| Loan Term (Months) | 4.7 months | 4.7 months | 4.6 months | 4.6 months | |||
| Grace Period (Months) | 0.2 months | 0.2 months | 0.2 months | 0.2 months | |||
| Total Cost of Credit | UGX 63,000 | UGX 52,500 | UGX 147,000 | UGX 168,000 | |||
| True Price by Comp | |||||||
| Interest price component | 93.3% | 93.3% | 96.1% | 94.7% | |||
| Fee Component | 5.3% | 5.3% | 5.5% | 5.4% | |||
| Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Deposit Component | 9.2% | 9.2% | 9.5% | 9.3% | |||
| Full APR (int fee ins tax dep) | 107.8% | 107.8% | 111.1% | 109.4% | |||
| Transparency Index | 45 | 45 | 43 | 44 | |||
| Original Repayment Schedule | |||||||
| MFT Pricing Calculation |
| Institution Type | Credit Union / Cooperative |
| Is this institution regulated? | Yes |
| Website address | http://www.cct.org.ph/ |
| Year established | 2003 |
| Head of Institution | Ruth S. Callanta |
| Regions active | |
| # Branches | 132 |
| Total Portfolio (nat'l) | PhP 387,176,016 |
| Total Portfolio (USD) | USD 9,262,584.12 |
| Active clients with loans | 76,168 |
| Approximate % female clients | 80% - 100% |
| Approximate % urban clients | 40% - 60% |
| Network affiliations | NATTCO, MCPI, Hope International, Peer Servants |
| Funders | Five Talents USA, United Kingdom, Tear Fund, New Zealand, Cross International, USA, End Poverty |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Growth Enterprise Loan | PHP 51,000 - 700,000 | 6 - 12 | 60% - 80% | 40% - 60% | Business | Women, Men, Have business, Have home or land, Must be community resident for at least 5 years | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training, Values Development, Personal Counselling and Life Skills Training | |||||||
| Housing Loan | PHP 10,000 - 30,000 | 12 | 20% - 40% | 40% - 60% | Housing | Women, Men, Have business, Have home or land, Must meet requirements of CCT regular business loan | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training, values development, personal counselling, life skills training, health care | |||||||
| Regular Business Loan 4 months | PHP 4,000 - 50,000 | 3.5 | 80% - 100% | 60% - 80% | Business | Women, Men, Have business, Have home or land, Must be community resident for at least 5 years | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Values Development, Personal Counselling and Life Skills Training, Health Care | |||||||
| Regular Business Loan 6 months | PHP 11,000 - 50,000 | 6 | 80% - 100% | 60% - 80% | Business | Women, Men, Have business, Have home or land, Must be community resident for at least 5 years | Credit Educ, Group Mtgs, Tech Asst Visits, Values Development, Personal Counselling and Life Skills Training, Business mentoring |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Growth Enterprise Loan | 10.0%-24.0% annual, Flat | 1 Fee | 0 Ins | None | 30.0% upfront 100.00 ongoing | 56.1% - 60.2% | 109.8% - 121.5% | 8 | ||||||||
| Housing Loan | 18.0% annual, Flat | 1 Fee | 0 Ins | None | 30.0% upfront 50.00 ongoing | 36.9% - 37% | 55.6% - 56.3% | 32 | ||||||||
| Regular Business Loan 4 months | 37.6% annual, Flat | 1 Fee | 0 Ins | None | 20.0% upfront 50.00 ongoing | 92.2% | 139.9% | 27 | ||||||||
| Regular Business Loan 6 months | 40.0% annual, Flat | 1 Fee | 0 Ins | None | 20.0% upfront 100.00 ongoing | 87.6% | 131.3% - 131.4% | 30 |
| Key Statistics | |
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| % Products with one or more insurances | |
| % Products with compulsory deposits |
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