2. UGAFODE
Please note that the information you are viewing is 145 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. Samasta
Please note that the information you are viewing is 140 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

UGAFODE Microfinance Limited (MDI) Plot 62, Bombo RdKampala, Uganda
Data approved: 2012-11-14
Data version: 2
Age of data: 145 months
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Institution

Samasta Microfinance Limited 4th Cross, 414/5Wilson Garden,Bangalore, KarnatakaPO Box 560027
Data approved: 2013-01-21
Data version: 2
Age of data: 140 months
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Product

School Fees Loan Product 8 of 9 « Prev | Next »

Product

Dairy Cow Loan Product 2 of 2 « Prev | Next »

Product Summary

Number borrowers126
Loan Amount (range)UGX 100,000 - 5,000,000
Loan Term (range)3 - 24
Other Services (text summary)Credit Ins
Annual Interest & Method30.00% annual, Flat
Fees2 fees
Insurance0.85% upfront
TaxNone
Comp DepN/A
Range of pricing 
Interest Price Component21.0% - 59.5%
Fee Component1.4% - 27.1%
Insurance Component1.2% - 4.5%
Tax Component Range0
Full APR (int fee ins tax dep)60.8% - 78.0%
Transparency Index (min/max)36 - 96
Transparency Index (average)45

Product Summary

801
INR 24,999 - 25,000
24
Credit Educ, Group Mtgs, Credit Ins
26.0%-27.5% annual, Decl Bal
1.00% upfront
0.58% upfront
12.36% fees
N/A
 
27.0% - 28.0%
1.0% - 2.0%
0.6% - 0.8%
0.1% - 0.3%
28.8% - 29.0%
84 - 90
90

Product Details

Key Statistics
Outstanding portfolio (UGX)UGX 96,473,032.12
Portfolio (USD)USD 38,589
Active Clients with Loans126
Approximate % Female Clients40% - 60%
Approximate % Urban Clients20% - 40%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Loan for meeting school fee / tutition payment need of parents, guardian and our clients who are studying
Loan Purpose
Any purpose
Income generation
Mortgage/housing
Consumer loan
Agriculture
Educationx
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried workerx
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution2
# Regions for this product2
Regions ActiveCentral, Western

Product Details

Key Statistics
Outstanding portfolio (INR)INR 13,011,983
Portfolio (USD)USD 245,509.11
Active Clients with Loans801
Approximate % Female Clients80% - 100%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
It is targeted at borrwers who are owners of at least one dairy cow and needs fund to buy additional cows.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Men
Womenx
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age group
Household income <60,000 INRx
Household income <120,000 INRx
Must live in rural area
Must lives in urban area
OtherMust be supplying milk to procurers (Cooperatives or private)
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution2
# Regions for this product1
Regions ActiveKarnataka

Loan Conditions

Loan Amount
CurrencyUGX
Minimum loan sizeUGX 100,000
Maximum loan size5,000,000
Distribution at Disbursement (Est.)
Loans less than UGX 1,000,00050%
UGX 1,000,000-5,000,00050%
UGX 5,000,000-7,500,0000
UGX 7,500,000-10,000,0000
UGX 10,000,000-13,000,0000
Greater than UGX 13,000,0000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term24.0 months
Approx average8.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months30%
Between 7 and 9 months50%
Between 10 and 12 months20%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyINR
Minimum loan sizeINR 24,999
Maximum loan size25,000
Distribution at Disbursement (Est.)
Loans less than INR 5,0000
INR 5,000-15,0000
INR 15,000-25,000100%
INR 25,000-35,0000
INR 35,000-45,0000
Greater than INR 45,0000
Loan Term and Grace Period
Shortest loan term24.0 months
Longest loan term24.0 months
Approx average24.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months100%
Grace Period
Grace period usage100%
Average grace period0.5 months
Repayment Frequency
Daily
Weekly
Every 2 weeksx
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest2.50%
Highest quoted nominal interest2.50%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionLoan Application Fee & Stamp DutyLoan Comission
% of loan amount - min02.00%
% of loan amount - max02.00%
OR, Fixed amount - min10,0000
Fixed amount - max15,0000
Reason for variationAp Fee = 10,000. Stamp Duty = 5,000 for loans > 2MN/A
Appears on Repayment Sched?NoNo
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionLoan Insurance Premium
% of loan amount - min0.85%
% of loan amount - max0.85%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/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 depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Pricing Information

Interest
Lowest quoted nominal interest26.00%
Highest quoted nominal interest27.50%
Reason(s) why interest rate variesLoan Size, Loan Tenure
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsurance Fees
% of loan amount - min0.58%
% of loan amount - max0.58%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/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 depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?Yes
Percentage of fees12.4%
All or some fees taxedSome

Full Pricing Data

School Fees Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountUGX 300,000UGX 900,000UGX 1,500,000UGX 3,000,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2012-11-082012-11-122012-11-072012-09-03
Loan Term (Months)4.0 months6.0 months6.0 months6.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditUGX 48,550UGX 170,650UGX 277,750UGX 550,500
True Price by Comp       
Interest price component46.4%49.0%49.1%48.7%
Fee Component27.1%11.3%9.6%9.0%
Insurance Component4.5%3.2%3.2%3.1%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)78.0%63.5%61.9%60.8%
Transparency Index38474849
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF

Full Pricing Data

Dairy Cow Loan samples
Sample 1Sample 2Sample 3
Loan AmountINR 25,000INR 25,000INR 25,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2013-03-302013-03-282013-03-28
Loan Term (Months)25.0 months25.0 months25.0 months
Grace Period (Months)0.5 months0.6 months0.4 months
Total Cost of CreditINR 8,518.38INR 8,518.38INR 8,518.38
True Price by Comp     
Interest price component27.2%27.0%27.0%
Fee Component1.0%1.1%1.0%
Insurance Component0.7%0.6%0.7%
Tax Component0.1%0.2%0.1%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)29.0%28.9%28.8%
MFIN MFI Earning (Annualised)28.2%28.1%28.0%
MFIN Cost to Borrower (Annualised)29.0%28.9%28.8%
Transparency Index909090
MFIN Transparency Index99100100
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula
School Fees Loan Price Graphs


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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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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