Institution

Uganda Finance Trust Plot 121&115, Block 6KatweKampala, Central UgandaPO Box 6972
Data approved: 2012-10-16
Data version: 2
Age of data: 144 months

Institution

Soon Valley Development Program Sakesar Road, Naushera, Tehsil & District, KhushabNaushera, PunjabN/A
Data approved: 2013-08-15
Data version: 1
Age of data: 131 months

Product

Business Loan - Individual Product 2 of 5 « Prev | Next »

Product

Biogas Irrigation Product 4 of 14 « Prev | Next »

Product Summary

Number borrowers16,202
Loan Amount (range)UGX 500,000 - 70,000,000
Loan Term (range)3 - 24
Other Services (text summary)Credit Educ, Credit Ins
Annual Interest & Method25.00%-30.00% annual, Flat
Fees3 fees
Insurance1.00%-1.50% upfront
TaxNone
Comp Dep10.00% upfront
Range of pricing 
Interest Price Component40.5% - 57.5%
Fee Component7.3% - 32.1%
Insurance Component1.7% - 5.3%
Tax Component Range0
Full APR (int fee ins tax dep)68.6% - 81.8%
Transparency Index (min/max)23 - 51
Transparency Index (average)33

Product Details

Key Statistics
Outstanding portfolio (UGX)UGX 37,259,603,992
Portfolio (USD)USD 14,903,842
Active Clients with Loans16,202
Approximate % Female Clients60% - 80%
Approximate % Urban Clients20% - 40%
Methodology
Individualx
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 generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
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 worker
Must be specific age groupx
OtherAge 18 and above,
Other (2)Must have a savings account at Finance Trust
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution4
# Regions for this product4
Regions ActiveCentral, Eastern, Northern, Western

Product Details


This product either has less than 50 active borrowers or less than 10 loan disbursements over the past 9 months. MFTransparency presents basic data rather than full data for low volume products
Key Statistics
Outstanding portfolio (PKR)PKR 400,000
Portfolio (USD)USD 4,081.63
Active Clients with Loans7
Approximate % Female Clients0
Approximate % Urban Clients0
Description
This product has been introduced for small farmers for the purpose of irrigation of agriculture land through biogas plant.
Loan Purpose
Any purpose
Income generation
Mortgage/housing
Consumer loan
Agriculturex
Education
Other household finance
Other
Other (2)
Eligibility
Menx
Womenx
Must run a business
Must own a home or landx
Must be a salaried worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution1
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyUGX
Minimum loan sizeUGX 500,000
Maximum loan size70,000,000
Distribution at Disbursement (Est.)
Loans less than UGX 1,000,00010%
UGX 1,000,000-5,000,00010%
UGX 5,000,000-7,500,00010%
UGX 7,500,000-10,000,00010%
UGX 10,000,000-13,000,00010%
Greater than UGX 13,000,00010%
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term24.0 months
Approx average12.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months10%
Between 7 and 9 months15%
Between 10 and 12 months60%
Between 13 and 18 months5%
Longer than 18 months10%
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 paymentsx

Pricing Information

Interest
Lowest quoted nominal interest25.00%
Highest quoted nominal interest30.00%
Reason(s) why interest rate variesLoans <5M pay 30% pa flat. Loans between 5M -15M pay 28% flat. Loans >15M pay 30% pa declining.
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionLoan CommissionLoan Processing Fee
% of loan amount - min2.00%2.00%
% of loan amount - max2.00%2.00%
OR, Fixed amount - min00
Fixed amount - max00
Reason for variationn/an/a
Appears on Repayment Sched?NoNo
Ongoing Fees
Fee 1
DescriptionMonitoring Fee
% of loan amount - min0.20%
% of loan amount - max0
OR, Fixed amount - min0
Fixed amount - max5,000
Reason for variationCapped at 5000 UGX
Appears on Repayment Sched?Yes
Upfront Insurance Fees
Ins 1
DescriptionLoan Insurance
% of loan amount - min1.00%
% of loan amount - max1.50%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation1% < 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 forSome
CriteriaNot 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 deposited10.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositFinal Pmt
Interest Paid on Deposit
Minimum interest rate paid0
Maximum interest rate paid0
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 1Sample 2Sample 3Sample 4
Loan AmountUGX 800,000UGX 1,500,000UGX 3,000,000UGX 6,000,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2012-08-152012-08-142012-07-052012-07-16
Loan Term (Months)8.0 months10.0 months24.0 months6.0 months
Grace Period (Months)1.0 month0.0 months0.9 months1.0 month
Total Cost of CreditUGX 216,000UGX 480,000UGX 2,085,000UGX 1,080,000
True Price by Comp       
Interest price component49.7%50.2%49.2%40.5%
Fee Component16.2%13.2%7.6%15.8%
Insurance Component3.0%2.5%1.9%3.7%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component12.9%12.4%9.9%11.5%
Full APR (int fee ins tax dep)81.8%78.3%68.6%71.5%
Transparency Index31323635
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
Business Loan - Individual Price Graphs


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Key Statistics
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# 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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