2. Finance Trust
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. BancoSol
Please note that the information you are viewing is 130 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

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
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Institution

BancoSol S.A. Calle Nicolás Acosta No. 289 esq. Cañada Strongest, MurilloLa Paz, Bolivia13176
Data approved: 2013-09-05
Data version: 2
Age of data: 130 months
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Product

School Fees Loan Product 5 of 5 « Prev | Next »

Product

Sol Efectivo (Tasa Fija) Product 5 of 30 « Prev | Next »

Product Summary

Number borrowers999
Loan Amount (range)UGX 100,000 - 70,000,000
Loan Term (range)3 - 6
Other Services (text summary)Credit Educ, Credit Ins
Annual Interest & Method36.00% 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)82.6% - 109.3%
Transparency Index (min/max)23 - 51
Transparency Index (average)38

Product Summary

24,958
BOB 400 - 80,000
3 - 60
Credit Ins
18.0%-18.5% annual, Decl Bal
None
None
None
N/A
 
7.8% - 28.0%
0
0
0
18.0% - 18.1%
52 - 101
99

Product Details

Key Statistics
Outstanding portfolio (UGX)UGX 573,201,315
Portfolio (USD)USD 229,281
Active Clients with Loans999
Approximate % Female Clients60% - 80%
Approximate % Urban Clients20% - 40%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Enables parents/guardians/borrowers to pay school fees on time as they pay back in monthly manageable installments. Loan period is fixed to school term times.Can be accessed even when the borrower has another loan.A reliable source of funds.
Loan Purpose
Any purpose
Income generation
Mortgage/housing
Consumer loan
Agriculture
Educationx
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 workerx
Must be specific age group
OtherMust have a clear identifiable & regular source of income
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution4
# Regions for this product4
Regions ActiveCentral, Eastern, Northern, Western

Product Details

Key Statistics
Outstanding portfolio (BOB)BOB 590,400,149
Portfolio (USD)USD 87,466,688.74
Active Clients with Loans24,958
Approximate % Female Clients40% - 60%
Approximate % Urban Clients80% - 100%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Crédito diseñado para atender el financiamiento de hasta el 100% del valor de adquisición de bienes o servicios diversos de personas físicas (naturales) independientes.
Loan Purpose
Any purposex
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
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 institution9
# Regions for this product9
Regions ActiveBeni , Chuquisaca , Cochabamba , La Paz , Oruro , Pando , Potosí, Santa Cruz, Tarija

Loan Conditions

Loan Amount
CurrencyUGX
Minimum loan sizeUGX 100,000
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 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 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
CurrencyBOB
Minimum loan sizeBOB 400
Maximum loan size80,000
Distribution at Disbursement (Est.)
Loans less than BOB 10,00030%
BOB 10,000-40,00040%
BOB 40,000-70,00020%
BOB 70,000-100,00010%
BOB 100,000-125,0000
Greater than BOB 125,0000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term60.0 months
Approx average32.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months10%
Between 13 and 18 months10%
Longer than 18 months80%
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterlyx
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest36.00%
Highest quoted nominal interest36.00%
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 frequencyEnd Term
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.

Pricing Information

Interest
Lowest quoted nominal interest18.00%
Highest quoted nominal interest18.50%
Reason(s) why interest rate variesLoan Size, Collateral, Plazo
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
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 800,000UGX 1,500,000UGX 3,000,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2012-08-092012-08-132012-07-202012-08-14
Loan Term (Months)4.0 months6.0 months7.0 months6.0 months
Grace Period (Months)1.0 month1.0 month1.5 months1.1 months
Total Cost of CreditUGX 59,000.01UGX 196,000UGX 363,000UGX 720,000
True Price by Comp       
Interest price component55.5%57.5%51.0%55.9%
Fee Component32.1%19.1%16.0%17.1%
Insurance Component5.3%3.8%3.3%3.7%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component16.4%14.8%12.3%14.0%
Full APR (int fee ins tax dep)109.3%95.2%82.6%90.7%
Transparency Index33384440
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF

Full Pricing Data

Sol Efectivo (Tasa Fija) samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountBOB 33,000BOB 45,000BOB 56,000BOB 62,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2013-02-192014-04-072014-04-072014-04-07
Loan Term (Months)33.0 months49.0 months61.0 months61.0 months
Grace Period (Months)0.5 months0.0 months0.0 months0.0 months
Total Cost of CreditBOB 9,208BOB 18,478.22BOB 29,367.62BOB 32,514.15
True Price by Comp       
Interest price component18.1%18.0%18.0%18.0%
Fee Component0.0%0.0%0.0%0.0%
Insurance Component0.0%0.0%0.0%0.0%
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)18.1%18.0%18.0%18.0%
Transparency Index99100100100
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
School Fees Loan Price Graphs


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Sol Efectivo (Tasa Fija) 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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