Number borrowers | 2,929 |
Loan Amount (range) | UGX 100,000 - 5,000,000 |
Loan Term (range) | 3 - 24 |
Other Services (text summary) | Credit Ins |
Annual Interest & Method | 36.00% annual, Flat |
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) | 65.2% - 73.1% |
Transparency Index (min/max) | 36 - 96 |
Transparency Index (average) | 52 |
111 |
USD 600 - 12,000 |
12 - 60 |
Credit Ins |
22.0%-30.0% annual, Decl Bal |
5.00% upfront 5.00% ongoing |
None |
15.00% Principal |
N/A |
N/A |
24.9% - 32.2% (Int+Fee) |
0 - 0.6% |
0 - 0.4% |
25.0% - 32.3% |
0 - N/A |
75 |
Outstanding portfolio (UGX) | UGX 3,160,115,608 |
Portfolio (USD) | USD 1,264,046 |
Active Clients with Loans | 2,929 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 20% - 40% |
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 | |
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 | |
Other | Business must least 3 months old |
Other (2) | Must have security. |
# Regions for this institution | 2 |
# Regions for this product | 2 |
Regions Active | Central, Western |
Outstanding portfolio (USD) | USD 433,734 |
Portfolio (USD) | USD 433,734 |
Active Clients with Loans | 111 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 0% - 20% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | |
Mortgage/housing | x |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
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 | |
Other | Buenos antecedentes personales y crediticios. Actividad económica y financieramente viable. |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Currency | UGX |
Minimum loan size | UGX 100,000 |
Maximum loan size | 5,000,000 |
Loans less than UGX 1,000,000 | 10% |
UGX 1,000,000-5,000,000 | 90% |
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 | 3.0 months |
Longest loan term | 24.0 months |
Approx average | 8.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 5% |
Between 7 and 9 months | 30% |
Between 10 and 12 months | 40% |
Between 13 and 18 months | 15% |
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 |
Currency | USD |
Minimum loan size | USD 600 |
Maximum loan size | 12,000 |
Shortest loan term | 12.0 months |
Longest loan term | 60.0 months |
Approx average | 32.0 months |
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 | 3.00% |
Highest quoted nominal interest | 3.00% |
Reason(s) why interest rate varies | Time as Client, Interest reduces to 2.5% on 4th cycle for clients with excellent repayment history |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Loan Application Fee & Stamp Duty | Loan Comission | |
% of loan amount - min | 0 | 0.85% | |
% of loan amount - max | 0 | 0.85% | |
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 |
Lowest quoted nominal interest | 22.00% |
Highest quoted nominal interest | 30.00% |
Reason(s) why interest rate varies | Loan Size, Client Risk |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Seguro de Desgravamen |
% of loan amount - min | 5.00% |
% of loan amount - max | 5.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | |
Appears on Repayment Sched? | Yes |
Fee 1 | |
---|---|
Description | Seguro de Desgravamen |
% of loan amount - min | 5.00% |
% of loan amount - max | 5.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
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? | Yes |
Percentage of fees | 0 |
All or some fees taxed | N/A |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | UGX 400,000 | UGX 700,000 | UGX 1,500,000 | UGX 3,000,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2012-10-20 | 2012-10-19 | 2012-10-19 | 2012-11-12 | |||
Loan Term (Months) | 6.0 months | 8.0 months | 10.0 months | 8.0 months | |||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||
Total Cost of Credit | UGX 88,800 | UGX 189,900 | UGX 485,500 | UGX 786,000 | |||
True Price by Comp | |||||||
Interest price component | 57.7% | 59.0% | 59.5% | 59.4% | |||
Fee Component | 12.2% | 6.6% | 3.6% | 3.9% | |||
Insurance Component | 3.2% | 2.5% | 2.1% | 2.5% | |||
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) | 73.1% | 68.1% | 65.2% | 65.8% | |||
Transparency Index | 49 | 53 | 55 | 55 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | USD 1,000 | USD 2,000 | USD 3,500 | USD 8,000 | USD 12,000 | ||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
Disbursement Date | 2010-06-02 | 2010-02-16 | 2010-03-20 | 2010-02-15 | 2010-03-05 | ||||
Loan Term (Months) | 24.0 months | 24.0 months | 36.0 months | 36.0 months | 60.0 months | ||||
Grace Period (Months) | 0.0 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 | Not Known | ||||
True Price by Comp | |||||||||
Interest and Fee Component | 32.2% | 31.4% | 30.5% | 27.0% | 24.9% | ||||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Tax Component | 0.2% | 0.2% | 0.1% | 0.1% | 0.1% | ||||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Full APR (int fee ins tax dep) | 32.3% | 31.6% | 30.6% | 27.2% | 25.0% | ||||
Transparency Index | 68 | 70 | 72 | 81 | 88 | ||||
Original Repayment Schedule | |||||||||
MFT Pricing Calculation |
Key Statistics | |
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# 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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