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Institution
Data approved: 2012-10-16
Data version: 2
Age of data: 149 months
Description
An affordable loan facility to ease ones cash flow for personal development needs. Helps to grow ones asset base and increase ones income sources. Longer payback period and payable in monthly manageable installments
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
Portfolio Size by Product
Geographic Coverage
# Regions for this institution 4 # Regions for this product 4 Regions Active Central, Eastern, Northern, Western
Loan Conditions
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%
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
Pricing Information
Interest
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
Upfront Fees 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
Ongoing Fees 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
Upfront Insurance Fees 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
Ongoing Insurance Fees This product has no ongoing insurance fees
Required for Never Criteria N/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 deposited N/A or, Fixed-amount deposited N/A
Deposits DURING period payments
% loan amount deposited N/A or, Fixed-amount deposited N/A Conditions on access to deposit N/A
Interest Paid on Deposit
Minimum interest rate paid N/A Maximum interest rate paid N/A Interest payment frequency N/A
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
Personal Development Loan sample s
Sample 1Sample 2Sample 3Sample 4Loan 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 PDF PDF PDF PDF MFT Pricing Calculation PDF PDF PDF PDF
Personal Development Loan Price Graphs
0 100 Pricing Transparency Index Regulated Inst. Not Regulated Inst. NBFI Institution Type Any Loan Purpose Finance Trust Institution UG-021-V02-P03 Product UG Country 2012 Year Range Number 2 Institution Data Version 0 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000 Loan Size (all) 0% 20% 40% 60% Full APR (int fee ins tax dep) > 10 5 1 Number of Borrowers
