| Institution Type | Non Bank Financial Institution |
| Is this institution regulated? | Yes |
| Website address | http://www.financetrust.co.ug/ |
| Year established | 1984 |
| Head of Institution | Anne Nakawunde Mulindwa |
| Regions active | Central, Eastern, Northern, Western |
| # Branches | 30 |
| Total Portfolio (nat'l) | UGX 43,801,060,749 |
| Total Portfolio (USD) | USD 17,520,424.30 |
| Active clients with loans | 22,555 |
| Approximate % female clients | 40% - 60% |
| Approximate % urban clients | 20% - 40% |
| Network affiliations | World Savings Bank Initiative, WWB, AMFIU, African Rural & Agricultural Credit Association |
| Funders | Investisseur et Partnaire el la Developpment, Oikocredit, Uganda Womens Trust, Founder Members |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Business Loan - Group | UGX 100,000 - 4,000,000 | 3 - 24 | 60% - 80% | 20% - 40% | Business | Men, Have business | Credit Educ, Group Mtgs, Credit Ins | |||||||
| Business Loan - Individual | UGX 500,000 - 70,000,000 | 3 - 24 | 60% - 80% | 20% - 40% | Business | Women, Men, Have business, Specific age group, Age 18 and above,, Must have a savings account at Finance Trust | Credit Educ, Credit Ins | |||||||
| Personal Development Loan | UGX 500,000 - 70,000,000 | 3 - 24 | 60% - 80% | 20% - 40% | Any Purpose | Women, Men, Specific age group, Age 18 and above. Regular source of income,, Collateral must be titled land / comprehensively insured motor vehicle | Credit Educ, Credit Ins | |||||||
| Salary Loan | UGX 100,000 - 10,000,000 | 3 - 24 | 60% - 80% | 20% - 40% | Any Purpose | Women, Men, Salaried worker, Specific age group, Age 18 and above, Must open a savings salary account at Finance Trust | Credit Educ, Credit Ins | |||||||
| School Fees Loan | UGX 100,000 - 70,000,000 | 3 - 6 | 60% - 80% | 20% - 40% | Education | Women, Men, Have business, Salaried worker, Must have a clear identifiable & regular source of income | Credit Educ, Credit Ins |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Business Loan - Group | 30.00% annual, Flat | 3 Fees | 1 Ins | None | 10.00% upfront | 64.7% - 84.9% | 81.8% - 128.1% | 29 | ||||||||
| Business Loan - Individual | 25.00%-30.00% annual, Flat | 3 Fees | 1 Ins | None | 10.00% upfront | 56.3% - 65.9% | 68.6% - 81.8% | 33 | ||||||||
| Personal Development Loan | 25.00%-30.00% annual, Flat | 3 Fees | 1 Ins | None | N/A | 51.8% - 61.4% | 53.9% - 63.6% | 41 | ||||||||
| Salary Loan | 27.00% annual, Flat | 3 Fees | 1 Ins | None | N/A | 50.8% - 73.6% | 52.5% - 77.4% | 45 | ||||||||
| School Fees Loan | 36.00% annual, Flat | 3 Fees | 1 Ins | None | 10.00% upfront | 67% - 87.6% | 82.6% - 109.3% | 38 |
| Outstanding portfolio (BOB) | BOB 67,181,595.67 |
| Portfolio (USD) | USD 9,952,828.99 |
| Active Clients with Loans | 27,255 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 80% - 100% |
| Individual | |
| Solidarity group | |
| Village banking | x |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | x |
| Consumer loan | x |
| Agriculture | |
| Education | x |
| Other household finance | x |
| Other | |
| Other (2) |
| Credit education | |
| Group meetings | x |
| Credit insurance | |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services |
| Men | |
| Women | x |
| Must run a business | |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | 8 |
| # Regions for this product | 6 |
| Regions Active | Chuquisaca , Cochabamba , La Paz , Oruro , Potosí, Tarija |
| Currency | BOB |
| Minimum loan size | BOB 200 |
| Maximum loan size | 10,000 |
| Loans less than BOB 10,000 | 100% |
| BOB 10,000-40,000 | 0 |
| BOB 40,000-70,000 | 0 |
| BOB 70,000-100,000 | 0 |
| BOB 100,000-125,000 | 0 |
| Greater than BOB 125,000 | 0 |
| Shortest loan term | 4.0 months |
| Longest loan term | 10.0 months |
| Approx average | 7.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 30% |
| Between 7 and 9 months | 50% |
| Between 10 and 12 months | 20% |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| Grace period usage | 0 |
| Average grace period | DK |
| Daily | |
| Weekly | |
| Every 2 weeks | x |
| Every 4 weeks | x |
| Monthly | |
| 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 |
| Ins 1 | |
|---|---|
| Description | Seguro de desgravamen y sepelio |
| % of loan amount - min | 0.20% |
| % of loan amount - max | 0.50% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | El costo es de 0.05% del monto del préstamo multiplicado por el número de períodos de pago. |
| Appears on Repayment Sched? | No |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | Yes |
| Do borrowers control deposit in their group? | Yes |
| % loan amount deposited | 20.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 20.00% |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | Access During |
| Minimum interest rate paid | 1.00% |
| Maximum interest rate paid | 3.00% |
| Interest payment frequency | End Term |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | BOB 500 | BOB 2,000 | BOB 2,500 | BOB 6,000 | BOB 8,000 | BOB 8,500 | |||||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
| Disbursement Date | 2013-08-08 | 2013-10-29 | 2013-07-22 | 2013-07-26 | 2013-10-11 | 2013-08-15 | |||||
| Loan Term (Months) | 9.0 months | 6.0 months | 8.0 months | 10.0 months | 6.0 months | 8.0 months | |||||
| Grace Period (Months) | 0.4 months | 0.0 months | 0.4 months | 0.2 months | 0.4 months | 0.2 months | |||||
| Total Cost of Credit | BOB 134.75 | BOB 374 | BOB 597.50 | BOB 1,740 | BOB 1,464 | BOB 1,980.50 | |||||
| True Price by Comp | |||||||||||
| Interest price component | 58.0% | 59.6% | 57.7% | 59.6% | 55.8% | 59.0% | |||||
| Fee Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
| Insurance Component | 1.2% | 2.2% | 1.1% | 1.2% | 1.1% | 1.1% | |||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
| Deposit Component | 39.0% | 44.9% | 39.2% | 41.8% | 36.6% | 42.0% | |||||
| Full APR (int fee ins tax dep) | 98.2% | 106.7% | 98.0% | 102.6% | 93.5% | 102.1% | |||||
| Transparency Index | 37 | 34 | 37 | 35 | 39 | 35 | |||||
| Original Repayment Schedule | |||||||||||
| MFT Pricing Calculation |
| Key Statistics | |
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| # 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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