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
Institution
Data approved: 2012-10-16
Data version: 2
Age of data: 145 months
Key Statistics
| Outstanding portfolio (UGX) | UGX 37,259,603,992 |
| Portfolio (USD) | USD 14,903,842 |
| Active Clients with Loans | 16,202 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 20% - 40% |
Methodology
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other | |
Description
Enables business people increase their working capital as they pay back in monthly manageable installments. The loan period is flexible and the loan size varies depending on the working capital requirement and the collateral cover.
Loan Purpose
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) | |
Included Services
| Credit education | x |
| 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 | Age 18 and above, |
| Other (2) | Must have a savings account at Finance Trust |
Portfolio Size by Product
Geographic Coverage
| # Regions for this institution | 4 |
| # Regions for this product | 4 |
| Regions Active | Central, Eastern, Northern, Western |
Loan Conditions
Loan Amount
| Currency | UGX |
| Minimum loan size | UGX 500,000 |
| Maximum loan size | 70,000,000 |
Distribution at Disbursement (Est.)
| Loans less than UGX 1,000,000 | 10% |
| UGX 1,000,000-5,000,000 | 10% |
| UGX 5,000,000-7,500,000 | 10% |
| UGX 7,500,000-10,000,000 | 10% |
| UGX 10,000,000-13,000,000 | 10% |
| Greater than UGX 13,000,000 | 10% |
Loan Term and Grace Period
| Shortest loan term | 3.0 months |
| Longest loan term | 24.0 months |
| Approx average | 12.0 months |
Distribution at Disbursement (Est.)
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 10% |
| Between 7 and 9 months | 15% |
| Between 10 and 12 months | 60% |
| Between 13 and 18 months | 5% |
| Longer than 18 months | 10% |
Grace Period
| Grace period usage | 0 |
| Average grace period | 0 |
Repayment Frequency
| 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 | x |
Pricing Information
Interest
| Lowest quoted nominal interest | 25.00% |
| Highest quoted nominal interest | 30.00% |
| Reason(s) why interest rate varies | Loans <5M pay 30% pa flat. Loans between 5M -15M pay 28% flat. Loans >15M pay 30% pa declining. |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
Upfront Fees
| Fee 1 | | Fee 2 |
|---|
| Description | Loan Commission | | Loan Processing Fee |
| % of loan amount - min | 2.00% | | 2.00% |
| % of loan amount - max | 2.00% | | 2.00% |
| OR, Fixed amount - min | 0 | | 0 |
| Fixed amount - max | 0 | | 0 |
| Reason for variation | n/a | | n/a |
| Appears on Repayment Sched? | No | | No |
Ongoing Fees
| Fee 1 |
|---|
| Description | Monitoring Fee |
| % of loan amount - min | 0.20% |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 5,000 |
| Reason for variation | Capped at 5000 UGX |
| Appears on Repayment Sched? | Yes |
Upfront Insurance Fees
| Ins 1 |
|---|
| Description | Loan Insurance |
| % of loan amount - min | 1.00% |
| % of loan amount - max | 1.50% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | 1% < 1 year. 1.5% for loans> 1 year |
| Appears on Repayment Sched? | No |
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
| Required for | Some |
| Criteria | Not required if collateral is titled land or comrehensively insured motor vehicle |
| Is deposit indicated on the repayment schedule? | No |
| Do borrowers control deposit in their group? | No |
Deposit BEFORE or AT Disbursement
| % loan amount deposited | 10.00% |
| or, Fixed-amount deposited | 0 |
Deposits DURING period payments
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | Final Pmt |
Interest Paid on Deposit
| Minimum interest rate paid | 0 |
| Maximum interest rate paid | 0 |
| Interest payment frequency | |
Taxes
| Are taxes charged on this product? | No |
Additional Comments
There are other loan related charges born by the borrower that vary depending on collateral and assessment cost, mortgage & caveat fees, land and motor vehicle searches.
Full Pricing Data
Business Loan - Individual samples
| Sample 1 | | Sample 2 | | Sample 3 | | Sample 4 |
|---|
| Loan Amount | UGX 800,000 | | UGX 1,500,000 | | UGX 3,000,000 | | UGX 6,000,000 |
| Loan Cycle (1, 2, 3, etc) | Not Known | | Not Known | | Not Known | | Not Known |
| Disbursement Date | 2012-08-15 | | 2012-08-14 | | 2012-07-05 | | 2012-07-16 |
| Loan Term (Months) | 8.0 months | | 10.0 months | | 24.0 months | | 6.0 months |
| Grace Period (Months) | 1.0 month | | 0.0 months | | 0.9 months | | 1.0 month |
| Total Cost of Credit | UGX 216,000 | | UGX 480,000 | | UGX 2,085,000 | | UGX 1,080,000 |
| True Price by Comp | | | | | | | |
| Interest price component | 49.7% | | 50.2% | | 49.2% | | 40.5% |
| Fee Component | 16.2% | | 13.2% | | 7.6% | | 15.8% |
| Insurance Component | 3.0% | | 2.5% | | 1.9% | | 3.7% |
| Tax Component | 0.0% | | 0.0% | | 0.0% | | 0.0% |
| Deposit Component | 12.9% | | 12.4% | | 9.9% | | 11.5% |
| Full APR (int fee ins tax dep) | 81.8% | | 78.3% | | 68.6% | | 71.5% |
| Transparency Index | 31 | | 32 | | 36 | | 35 |
| | | | | | | | |
| Original Repayment Schedule | PDF | | PDF | | PDF | | PDF |
| MFT Pricing Calculation | PDF | | PDF | | PDF | | PDF |
Business Loan - Individual Price Graphs
Please note that the information you are viewing is
170 months old and may not represent the prices currently charged.
If you represent this MFI and wish to update your information,
click HERE
Institution
Data approved: 2011-01-23
Data version: 1
Age of data: 170 months
| Institution Type | Non-Governmental Organization |
| Is this institution regulated? | Yes |
| Website address | N/A |
| Year established | 1991 |
| Head of Institution | Brahmanand Hegde |
| Regions active | |
| # Branches | 13 |
| Total Portfolio (nat'l) | INR 130,679,313 |
| Total Portfolio (USD) | USD 2,465,647.42 |
| Active clients with loans | 11,673 |
| Approximate % female clients | 80% - 100% |
| Approximate % urban clients | 0% - 20% |
| Network affiliations | |
713 Borrowers
USD 267,179.37 Portfolio
Active Product
3,661 Borrowers
USD 890,127.95 Portfolio
Active Product
Loan Products » Conditions
| Product Name |
|
Loan Size Range |
|
Loan Term (months) |
|
% Female |
|
% Urban |
|
Loan Purpose |
|
Eligibility |
|
Other Services |
| High Ticket livelihood Group Loan Product |
|
INR 18,750 - 24,750 |
|
18 - 24 |
|
80% - 100% |
|
0% - 20% |
|
Business, Housing, Education |
|
Women, Have business, Have home or land |
|
Group Mtgs |
| Standard Ticket Loan |
|
INR 12,850 - 15,250 |
|
18 |
|
80% - 100% |
|
0% - 20% |
|
Business, Housing, Education |
|
Women, Have business, Have home or land, Min 2 members per group to have own house or shop |
|
|
Loan Products » MFIN India Additional Information
| Product Name |
|
APR (int) |
|
MFIN MFI Earning (Annualised) |
|
MFIN Cost to Borrower (Annualised) |
|
COMPLIANCE WITH RBI GUIDELINES ON INTEREST METHOD |
|
COMPLIANCE WITH RBI GUIDELINES ON PROCESSING FEES |
|
COMPLIANCE WITH RBI GUIDELINES ON INSURANCE PREMIUM |
|
MFIN Transparency Index |
| High Ticket livelihood Group Loan Product |
|
0% |
|
29.4% - 30.1% |
|
30.8% - 31.8% |
|
|
|
|
|
|
|
N/A |
| Standard Ticket Loan |
|
0% |
|
30.2% - 30.3% |
|
31% - 32.1% |
|
|
|
|
|
|
|
N/A |
Loan Products » Pricing Information
| Product Name |
|
Annual Nominal Interest |
|
Fees |
|
Insurance |
|
Taxes |
|
Compulsory Deposit |
|
APR (int+fee) |
|
Full APR |
|
Transparency Index |
| High Ticket livelihood Group Loan Product |
|
27.0% annual, Decl Bal |
|
1 Fee |
|
1 Ins |
|
None |
|
N/A |
|
29.4% - 30.1% |
|
30.8% - 31.8% |
|
87 |
| Standard Ticket Loan |
|
27.0% annual, Decl Bal |
|
1 Fee |
|
1 Ins |
|
None |
|
N/A |
|
30.2% - 30.3% |
|
31% - 32.1% |
|
85 |
