| Number borrowers | 1,452 |
| Loan Amount (range) | UGX 100,000 - 23,000,000 |
| Loan Term (range) | 3 - 36 |
| Other Services (text summary) | Credit Ins |
| Annual Interest & Method | 30.00% annual, Decl Bal |
| Fees | 2 fees |
| Insurance | 0.85% upfront |
| Tax | None |
| Comp Dep | N/A |
| Range of pricing | |
| Interest Price Component | 21.0% - 59.5% |
| Fee Component | 1.4% - 27.1% |
| Insurance Component | 1.2% - 4.5% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 42.2% - 49.7% |
| Transparency Index (min/max) | 36 - 96 |
| Transparency Index (average) | 65 |
| Outstanding portfolio (UGX) | UGX 2,024,603,822 |
| Portfolio (USD) | USD 809,842 |
| Active Clients with Loans | 1,452 |
| Approximate % Female Clients | 0% - 20% |
| Approximate % Urban Clients | 0% - 20% |
| 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 | Agricultural production, marketing, processing, trading, cattle trading, poultry, etc. |
| Other (2) |
| Credit education | |
| Group meetings | |
| 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 | x |
| Other | Collateral like land, motor vehicle, cattle required |
| Other (2) |
| # Regions for this institution | 2 |
| # Regions for this product | 2 |
| Regions Active | Central, Western |
| Currency | UGX |
| Minimum loan size | UGX 100,000 |
| Maximum loan size | 23,000,000 |
| Loans less than UGX 1,000,000 | 15% |
| UGX 1,000,000-5,000,000 | 80% |
| UGX 5,000,000-7,500,000 | 5% |
| 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 | 3.0 months |
| Longest loan term | 36.0 months |
| Approx average | 10.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 20% |
| Between 7 and 9 months | 20% |
| Between 10 and 12 months | 30% |
| Between 13 and 18 months | 10% |
| Longer than 18 months | 20% |
| Grace period usage | 10% |
| Average grace period | 3.0 months |
| Daily | |
| Weekly | |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | x |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 2.50% |
| Highest quoted nominal interest | 2.50% |
| Reason(s) why interest rate varies | Time as Client, Client Risk, n/a |
| 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 | Fee 2 | ||
|---|---|---|---|
| Description | Loan Application Fee & Stamp Duty | Loan Commission | |
| % of loan amount - min | 0 | 2.00% | |
| % of loan amount - max | 0 | 2.00% | |
| OR, Fixed amount - min | 10,000 | 0 | |
| Fixed amount - max | 15,000 | 0 | |
| Reason for variation | Ap Fee = 10,000. Stamp Duty = 5,000 for loans > 2M | N/A | |
| Appears on Repayment Sched? | No | No |
| Ins 1 | |
|---|---|
| Description | Loan Insurance Premium |
| % of loan amount - min | 0.85% |
| % of loan amount - max | 0.85% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
| Required for | Never |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | N/A |
| Do borrowers control deposit in their group? | N/A |
| % loan amount deposited | N/A |
| or, Fixed-amount deposited | N/A |
| % loan amount deposited | N/A |
| or, Fixed-amount deposited | N/A |
| Conditions on access to deposit | N/A |
| Minimum interest rate paid | N/A |
| Maximum interest rate paid | N/A |
| Interest payment frequency | N/A |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | UGX 1,000,000 | UGX 800,000 | UGX 1,500,000 | UGX 3,000,000 | |||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
| Disbursement Date | 2012-11-15 | 2012-10-19 | 2012-10-19 | 2012-10-19 | |||
| Loan Term (Months) | 6.0 months | 8.0 months | 10.0 months | 12.0 months | |||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||
| Total Cost of Credit | UGX 146,085.01 | UGX 144,520.88 | UGX 311,207.50 | UGX 717,135 | |||
| True Price by Comp | |||||||
| Interest price component | 35.7% | 35.5% | 35.5% | 35.5% | |||
| Fee Component | 10.8% | 9.2% | 6.2% | 5.0% | |||
| Insurance Component | 3.2% | 2.4% | 2.0% | 1.7% | |||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Full APR (int fee ins tax dep) | 49.7% | 47.1% | 43.7% | 42.2% | |||
| Transparency Index | 60 | 64 | 69 | 71 | |||
| Original Repayment Schedule | |||||||
| MFT Pricing Calculation |
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| % Products with one or more fee | |
| % Products with one or more insurances | |
| % Products with compulsory deposits |
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