2. UGAFODE
Please note that the information you are viewing is 144 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. Mojaz
Please note that the information you are viewing is 113 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: 144 months
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Institution

MOJAZ Foundation Opposite DCO House, District NarowalNarowal, Punjab
Data approved: 2015-05-04
Data version: 2
Age of data: 113 months
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Product

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

Product

Seasonal 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

2,206
PKR 10,000 - 75,000
3 - 6
Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training
24.0% annual, Decl Bal
3.00% upfront
1.00% upfront
None
N/A
 
24.0% - 33.3%
6.0% - 6.2%
2.0% - 2.1%
0
32.3%
48 - 74
74

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 (PKR)PKR 72,000,000
Portfolio (USD)USD 707,040
Active Clients with Loans2,206
Approximate % Female Clients40% - 60%
Approximate % Urban Clients0
Methodology
Individualx
Solidarity groupx
Village banking
Self help group
Other
Description
Seasonla loan is disbursed to small farmers in rural areas only for a minimum period of 3 months and maximum for 9 months. It is lumpsum loan repayment loan for agriculture inputs, tools and purchase of livestock for festivals like Eid-ul-Azha.
Loan Purpose
Any purpose
Income generation
Mortgage/housing
Consumer loan
Agriculturex
Education
Other household financex
OtherLivestock
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visitsx
Business trainingx
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age group
OtherMust be involved in agriculture activity
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution1
# Regions for this product1
Regions ActivePunjab

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
CurrencyPKR
Minimum loan sizePKR 10,000
Maximum loan size75,000
Distribution at Disbursement (Est.)
Loans less than PKR 10,0000
PKR 10,000-25,00060%
PKR 25,000-50,00030%
PKR 50,000-75,00010%
PKR 75,000-150,0000
Greater than PKR 150,0000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term6.0 months
Approx average6.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months100%
Between 7 and 9 months0
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace periodDK
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 monthsx
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 interest24.00%
Highest quoted nominal interest24.00%
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 - min3.00%
% of loan amount - max3.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionRisk Coverage 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?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

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

Seasonal Loan samples
Loan Amount
Type of Sample
Disbursement Date
Loan Term (Months)
Grace Period (Months)
Total Cost of Credit
Full APR (int fee ins tax dep)
True Price by Component
Transparency Index
Original Repayment Schedule
MFT Pricing Calculation
Interest price component
Fee Component
Insurance Component
Tax Component
Deposit Component
PKR 10,000 Generated 2015-06-01 5.9 months N/A PKR 1,656.05 32.3% 24.0% 6.2% 2.1% 0.0% 0.0% 74 - PDF
PKR 15,000 Generated 2015-06-01 5.9 months N/A PKR 2,484.08 32.3% 24.0% 6.2% 2.1% 0.0% 0.0% 74 - PDF
PKR 20,000 Generated 2015-06-01 5.9 months N/A PKR 3,312.11 32.3% 24.0% 6.2% 2.1% 0.0% 0.0% 74 - PDF
PKR 25,000 Generated 2015-06-01 5.9 months N/A PKR 4,140.14 32.3% 24.0% 6.2% 2.1% 0.0% 0.0% 74 - PDF
PKR 30,000 Generated 2015-06-01 5.9 months N/A PKR 4,968.16 32.3% 24.0% 6.2% 2.1% 0.0% 0.0% 74 - PDF
PKR 40,000 Generated 2015-06-01 5.9 months N/A PKR 6,624.22 32.3% 24.0% 6.2% 2.1% 0.0% 0.0% 74 - PDF
PKR 50,000 Generated 2015-06-01 5.9 months N/A PKR 8,280.27 32.3% 24.0% 6.2% 2.1% 0.0% 0.0% 74 - PDF
PKR 65,000 Generated 2015-06-01 5.9 months N/A PKR 10,764.36 32.3% 24.0% 6.2% 2.1% 0.0% 0.0% 74 - PDF
School Fees Loan Price Graphs


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Seasonal 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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