Number borrowers | 104 |
Loan Amount (range) | UGX 500,000 - 70,000,000 |
Loan Term (range) | 3 - 24 |
Other Services (text summary) | Credit Educ, Credit Ins |
Annual Interest & Method | 25.00%-30.00% annual, Flat |
Fees | 3 fees |
Insurance | 1.00%-1.50% upfront |
Tax | None |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | 40.5% - 57.5% |
Fee Component | 7.3% - 32.1% |
Insurance Component | 1.7% - 5.3% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 53.9% - 63.6% |
Transparency Index (min/max) | 23 - 51 |
Transparency Index (average) | 41 |
7,465 |
PKR 10,000 - 45,000 |
12 |
20.0% annual, Flat |
3.00% upfront 1.00% upfront |
None |
None |
N/A |
34.5% - 34.6% |
8.0% |
0 |
0 |
42.5% - 42.6% |
47 |
47 |
Outstanding portfolio (UGX) | UGX 964,651,944 |
Portfolio (USD) | USD 385,861 |
Active Clients with Loans | 104 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 20% - 40% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | x |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
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 | |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | x |
Other | Age 18 and above. Regular source of income, |
Other (2) | Collateral must be titled land / comprehensively insured motor vehicle |
# Regions for this institution | 4 |
# Regions for this product | 4 |
Regions Active | Central, Eastern, Northern, Western |
Outstanding portfolio (PKR) | PKR 92,852,499 |
Portfolio (USD) | USD 911,811.54 |
Active Clients with Loans | 7,465 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 80% - 100% |
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 | |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services | x |
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 | |
Other (2) |
# Regions for this institution | 1 |
# Regions for this product | 1 |
Regions Active | Punjab |
Currency | UGX |
Minimum loan size | UGX 500,000 |
Maximum loan size | 70,000,000 |
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% |
Shortest loan term | 3.0 months |
Longest loan term | 24.0 months |
Approx average | 12.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 5% |
Between 10 and 12 months | 30% |
Between 13 and 18 months | 5% |
Longer than 18 months | 60% |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | x |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Currency | PKR |
Minimum loan size | PKR 10,000 |
Maximum loan size | 45,000 |
Loans less than PKR 10,000 | 5% |
PKR 10,000-25,000 | 80% |
PKR 25,000-50,000 | 15% |
PKR 50,000-75,000 | 0 |
PKR 75,000-150,000 | 0 |
Greater than PKR 150,000 | 0 |
Shortest loan term | 12.0 months |
Longest loan term | 12.0 months |
Approx average | 12.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 100% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 0 |
Average grace period | DK |
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 | 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 |
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 |
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 |
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 |
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 | 20.00% |
Highest quoted nominal interest | 20.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Processing Fee | Contigency Fee | |
% of loan amount - min | 3.00% | 1.00% | |
% of loan amount - max | 3.00% | 1.00% | |
OR, Fixed amount - min | 0 | 0 | |
Fixed amount - max | 0 | 0 | |
Reason for variation | N/A | N/A | |
Appears on Repayment Sched? | Yes | 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? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | UGX 1,000,000 | UGX 3,000,000 | UGX 4,000,000 | UGX 6,000,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2012-03-23 | 2012-07-04 | 2012-06-14 | 2012-08-31 | |||
Loan Term (Months) | 11.0 months | 12.0 months | 12.0 months | 12.0 months | |||
Grace Period (Months) | 1.3 months | 1.0 month | 1.0 month | 1.1 months | |||
Total Cost of Credit | UGX 320,000 | UGX 1,110,000 | UGX 1,460,000 | UGX 1,860,000 | |||
True Price by Comp | |||||||
Interest price component | 47.1% | 50.2% | 50.3% | 42.2% | |||
Fee Component | 12.4% | 11.2% | 10.5% | 9.6% | |||
Insurance Component | 2.3% | 2.2% | 2.1% | 2.1% | |||
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) | 61.8% | 63.6% | 62.9% | 53.9% | |||
Transparency Index | 40 | 39 | 40 | 46 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
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 25,000 | Real | 2014-04-05 | 12.0 months | N/A | PKR 6,000 | 42.5% | 34.5% | 8.0% | 0.0% | 0.0% | 0.0% | 47 | ||
PKR 25,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 6,013.70 | 42.6% | 34.6% | 8.0% | 0.0% | 0.0% | 0.0% | 47 | - | |
PKR 15,000 | Real | 2014-04-10 | 12.0 months | N/A | PKR 3,600 | 42.5% | 34.5% | 8.0% | 0.0% | 0.0% | 0.0% | 47 | ||
PKR 15,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 3,608.22 | 42.6% | 34.6% | 8.0% | 0.0% | 0.0% | 0.0% | 47 | - | |
PKR 10,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 2,405.48 | 42.6% | 34.6% | 8.0% | 0.0% | 0.0% | 0.0% | 47 | - | |
PKR 14,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 3,367.67 | 42.6% | 34.6% | 8.0% | 0.0% | 0.0% | 0.0% | 47 | - | |
PKR 18,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 4,329.86 | 42.6% | 34.6% | 8.0% | 0.0% | 0.0% | 0.0% | 47 | - | |
PKR 22,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 5,292.05 | 42.6% | 34.6% | 8.0% | 0.0% | 0.0% | 0.0% | 47 | - | |
PKR 30,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 7,216.44 | 42.6% | 34.6% | 8.0% | 0.0% | 0.0% | 0.0% | 47 | - | |
PKR 40,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 9,621.92 | 42.6% | 34.6% | 8.0% | 0.0% | 0.0% | 0.0% | 47 | - |
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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