| Number borrowers | 999 |
| Loan Amount (range) | UGX 100,000 - 70,000,000 |
| Loan Term (range) | 3 - 6 |
| Other Services (text summary) | Credit Educ, Credit Ins |
| Annual Interest & Method | 36.00% annual, Flat |
| Fees | 3 fees |
| Insurance | 1.00%-1.50% upfront |
| Tax | None |
| Comp Dep | 10.00% upfront |
| 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) | 82.6% - 109.3% |
| Transparency Index (min/max) | 23 - 51 |
| Transparency Index (average) | 38 |
| 107 |
| USD 1,000 - 2,000 |
| 12 - 24 |
| Credit Ins |
| 22.5%-26.0% annual, Decl Bal |
| 5.00% upfront 5.00% ongoing |
| None |
| 15.00% Principal |
| N/A |
| N/A |
| 25.8% (Int+Fee) |
| 0 - 0.6% |
| 0 - 0.4% |
| 26.0% |
| 0 - N/A |
| 87 |
| Outstanding portfolio (UGX) | UGX 573,201,315 |
| Portfolio (USD) | USD 229,281 |
| Active Clients with Loans | 999 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 20% - 40% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | x |
| 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 | x |
| Must own a home or land | |
| Must be a salaried worker | x |
| Must be specific age group | |
| Other | Must have a clear identifiable & regular source of income |
| Other (2) |
| # Regions for this institution | 4 |
| # Regions for this product | 4 |
| Regions Active | Central, Eastern, Northern, Western |
| Outstanding portfolio (USD) | USD 104,671.67 |
| Portfolio (USD) | USD 104,671.67 |
| Active Clients with Loans | 107 |
| Approximate % Female Clients | 20% - 40% |
| Approximate % Urban Clients | 0% - 20% |
| 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 | |
| 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 | x |
| Must be specific age group | |
| Other | AntigàŒedad mínima de 1 año en trabajo. Buenos antecedentes personales y crediticios. |
| Other (2) |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Currency | UGX |
| Minimum loan size | UGX 100,000 |
| 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 | 6.0 months |
| Approx average | 6.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 100% |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 0 |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| Grace period usage | 0 |
| Average grace period | 0 |
| 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 |
| Currency | USD |
| Minimum loan size | USD 1,000 |
| Maximum loan size | 2,000 |
| Shortest loan term | 12.0 months |
| Longest loan term | 24.0 months |
| Approx average | 22.0 months |
| Grace period usage | 0 |
| Average grace period | 0 |
| 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 | 36.00% |
| Highest quoted nominal interest | 36.00% |
| 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 | 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 | 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 |
| % loan amount deposited | 10.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | Final Pmt |
| Minimum interest rate paid | 0 |
| Maximum interest rate paid | 0 |
| Interest payment frequency | End Term |
| Are taxes charged on this product? | No |
| Lowest quoted nominal interest | 22.50% |
| Highest quoted nominal interest | 26.00% |
| Reason(s) why interest rate varies | Loan Size, Client Risk |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Desgravamen |
| % of loan amount - min | 5.00% |
| % of loan amount - max | 5.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | |
| Appears on Repayment Sched? | Yes |
| Fee 1 | |
|---|---|
| Description | Desgravamen |
| % of loan amount - min | 5.00% |
| % of loan amount - max | 5.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | 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? | Yes |
| Percentage of fees | 0 |
| All or some fees taxed | N/A |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | UGX 300,000 | UGX 800,000 | UGX 1,500,000 | UGX 3,000,000 | |||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
| Disbursement Date | 2012-08-09 | 2012-08-13 | 2012-07-20 | 2012-08-14 | |||
| Loan Term (Months) | 4.0 months | 6.0 months | 7.0 months | 6.0 months | |||
| Grace Period (Months) | 1.0 month | 1.0 month | 1.5 months | 1.1 months | |||
| Total Cost of Credit | UGX 59,000.01 | UGX 196,000 | UGX 363,000 | UGX 720,000 | |||
| True Price by Comp | |||||||
| Interest price component | 55.5% | 57.5% | 51.0% | 55.9% | |||
| Fee Component | 32.1% | 19.1% | 16.0% | 17.1% | |||
| Insurance Component | 5.3% | 3.8% | 3.3% | 3.7% | |||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Deposit Component | 16.4% | 14.8% | 12.3% | 14.0% | |||
| Full APR (int fee ins tax dep) | 109.3% | 95.2% | 82.6% | 90.7% | |||
| Transparency Index | 33 | 38 | 44 | 40 | |||
| Original Repayment Schedule | |||||||
| MFT Pricing Calculation |
| Sample 1 | |
|---|---|
| Loan Amount | USD 1,000 |
| Loan Cycle (1, 2, 3, etc) | Not Known |
| Disbursement Date | 2010-02-02 |
| Loan Term (Months) | 24.0 months |
| Grace Period (Months) | 0 |
| Total Cost of Credit | Not Known |
| True Price by Comp | |
| Interest and Fee Component | 25.8% |
| Insurance Component | 0 |
| Tax Component | 0.2% |
| Deposit Component | 0 |
| Full APR (int fee ins tax dep) | 26.0% |
| Transparency Index | 87 |
| Original Repayment Schedule | |
| MFT Pricing Calculation |
| 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 |
| Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
|---|---|---|---|---|---|---|---|
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