UGAFODE Microfinance Limited (MDI) - Agricultural Loan - MFTransparency.org Truth In Lending Tables

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Institution

UGAFODE Microfinance Limited (MDI) Plot 62, Bombo RdKampala, Uganda

Data approved: 2012-11-14

Data version: 2

Age of data: 144 months

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Product

Agricultural Loan Product 1 of 9 « Prev | Next »

Product Details

Key Statistics

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%

Methodology

Individual	x
Solidarity group
Village banking
Self help group
Other

Description

Loans for agricultural activities, namely agricultural productions, marketing, processing, cattle trading, poultry, etc.

Loan Purpose

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)

Included Services

Credit education
Group meetings
Credit insurance	x
Workplace visits
Business training
Other training
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	Collateral like land, motor vehicle, cattle required
Other (2)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	2
# Regions for this product	2
Regions Active	Central, Western

Loan Conditions

Loan Amount

Currency	UGX
Minimum loan size	UGX 100,000
Maximum loan size	23,000,000

Distribution at Disbursement (Est.)

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

Loan Term and Grace Period

Shortest loan term	3.0 months
Longest loan term	36.0 months
Approx average	10.0 months

Distribution at Disbursement (Est.)

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

Grace period usage	10%
Average grace period	3.0 months

Repayment Frequency

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

Pricing Information

Interest

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

Upfront Fees

	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

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	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

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?

Full Pricing Data

Agricultural Loan samples

	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	PDF	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF	PDF

Agricultural Loan Price Graphs

Click to view Price Analysis Tool

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
KBL	468,300	120,082,000	16	113
KF	233,600	41,416,000	4	112
NRSP	399,900	70,157,000	3	113
ASA	230,400	29,637,000	3	113
TMFB	221,200	85,449,000	7	113
FMFB	163,544	38,481,323	9	131
TRDP	100,000	13,817,000	3	113
PRSP	75,656	9,907,176	3	131
BRAC^P	57,300	11,869,000	3	113
SRSO	51,100	7,775,000	3	113
SSF	46,000	4,776,000	3	113
FINCA	82,000	43,559,000	9	113
JWS	36,000	6,545,000	2	113
RCDS	35,552	4,856,122	4	131
DAMEN	35,185	7,150,864	1	131
FFO	22,400	3,335,000	3	113
OLP	21,400	3,510,000	3	113
CSC	17,600	3,147,000	1	113
AMRDO	13,800	1,206,000	5	113
WMBL	13,800	6,105,000	3	113
Mojaz	13,400	2,415,000	2	113
SDF	11,500	1,041,000	4	113
POMFB	8,500	2,795,000	4	113
OPD	7,500	918,000	2	113
AGAHE	7,300	797,000	2	113
NRDP	6,184	1,521,972	3	131
GBTI	6,100	669,000	3	131
WASIL	4,300	1,135,000	2	113
Micro Options	4,000	768,000	5	113
VDO	3,900	489,000	3	131
SVDP	3,900	811,000	13	131
SRDO	3,500	766,000	4	113
OSDI	2,000	923,000	3	113
APMBL	1,800	1,401,000	3	113
BEDF	1,400	209,000	3	131
KCDO	800	94,000	1	131

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
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Institution

Product

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

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

Agricultural Loan samples

Agricultural Loan Price Graphs

Total Borrowers of Samples

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