| Institution Type | Non-Governmental Organization |
| Is this institution regulated? | No |
| Website address | http://adjesum.multiply.com/ |
| Year established | 1997 |
| Head of Institution | Sr. Bernadette R. Dollete, CSJ |
| Regions active | |
| # Branches | 9 |
| Total Portfolio (nat'l) | PhP 76,253,793 |
| Total Portfolio (USD) | USD 1,824,253.42 |
| Active clients with loans | 9,525 |
| Approximate % female clients | 80% - 100% |
| Approximate % urban clients | 0% - 20% |
| Network affiliations | People's Credit and Finance Corporation (PCFC), National Livelihood Development Corporation (NLDC), PinoyME Foundation, Responsible Investment for Solidarity Empowerment |
| Funders | Catholic Relief Services |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Acquisition - Land | PHP 40,000 - 70,000 | 36 | 80% - 100% | 20% - 40% | Housing | Women, Men | Credit Educ, Credit Ins, Tech Asst Visits, Business Training, Other Training | |||||||
| Educational Loan | PHP 3,000 - 5,000 | 6 | 80% - 100% | 0% - 20% | Education | Women, Men | Credit Educ, Group Mtgs, Credit Ins, Business Training | |||||||
| Grameen I or Regular Loan | PHP 3,000 - 60,000 | 6 - 12 | 80% - 100% | 0% - 20% | Any Purpose | Women, Men | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training | |||||||
| House Repair Loan | PHP 3,000 - 5,000 | 6 | 80% - 100% | 20% - 40% | Housing | Women, Men, Have home or land | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training | |||||||
| Micro-Agri Loan | PHP 5,000 - 70,000 | 6 - 12 | 60% - 80% | 0% - 20% | Business, Agriculture | Women, Men | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits | |||||||
| Multi Purpose Loan | PHP 5,000 - 15,000 | 6 - 12 | 80% - 100% | 20% - 40% | Any Purpose | Women, Men, Have business | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Acquisition - Land | 10.0% annual, Flat | 1 Fee | 2 Ins | None | N/A | 73.8% | 78.7% | 13 | ||||||||
| Educational Loan | 0.0% annual, Flat | 1 Fee | 2 Ins | None | N/A | 12.3% | 125% | 0 | ||||||||
| Grameen I or Regular Loan | 36.0% annual, Flat | 1 Fee | 2 Ins | 1.00% loan amt | 5.0% upfront 8.00-20.00 ongoing | 73.8% - 81.8% | 87% - 224% | 31 | ||||||||
| House Repair Loan | 12.0% annual, Flat | 1 Fee | 2 Ins | None | N/A | 23.6% | 174.9% | 7 | ||||||||
| Micro-Agri Loan | 36.0% annual, Flat | 1 Fee | 1 Ins | None | N/A | 42.9% - 43.7% | 44.4% - 56.4% | 74 | ||||||||
| Multi Purpose Loan | 36.0% annual, Flat | 1 Fee | 2 Ins | None | 5.0% upfront 20.00 ongoing | 73.8% | 102.6% - 139.1% | 30 |
| Outstanding portfolio (UGX) | UGX 12,897,814,131 |
| Portfolio (USD) | USD 5,108,045.20 |
| Active Clients with Loans | 35,569 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 20% - 40% |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | x |
| Agriculture | |
| Education | x |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| 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 | |
| Must be specific age group | |
| Other | |
| Other (2) |
| Currency | UGX |
| Minimum loan size | UGX 50,000 |
| Maximum loan size | 6,000,000 |
| Loans less than UGX 1,000,000 | 40% |
| UGX 1,000,000-5,000,000 | 30% |
| UGX 5,000,000-7,500,000 | 30% |
| UGX 7,500,000-10,000,000 | 0 |
| UGX 10,000,000-13,000,000 | 0 |
| Greater than UGX 13,000,000 | 0 |
| Shortest loan term | 4.0 months |
| Longest loan term | 8.0 months |
| Approx average | 5.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 70% |
| Between 7 and 9 months | 30% |
| 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 | x |
| Every 2 weeks | x |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 39.00% |
| Highest quoted nominal interest | 39.00% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Disbursement Fee |
| % of loan amount - min | 1.00% |
| % of loan amount - max | 2.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | 1% for monthly, 2% for weekly & biweekly loans |
| Appears on Repayment Sched? | No |
| Required for | All |
| Criteria | N/A |
| 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 | 1.00% |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | Access During |
| Minimum interest rate paid | 3.00% |
| Maximum interest rate paid | 3.00% |
| Interest payment frequency | Monthly |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | UGX 300,000 | UGX 700,000 | UGX 1,200,000 | UGX 3,000,000 | UGX 6,000,000 | ||||
| Loan Cycle (1, 2, 3, etc) | 3 | 12 | 2 | 18 | 9 | ||||
| Disbursement Date | 2012-08-22 | 2012-09-06 | 2012-04-04 | 2012-06-05 | 2012-07-24 | ||||
| Loan Term (Months) | 5.8 months | 3.7 months | 5.9 months | 7.0 months | 5.6 months | ||||
| Grace Period (Months) | 0.7 months | 0.5 months | 0.9 months | 0.5 months | 0.5 months | ||||
| Total Cost of Credit | UGX 71,574 | UGX 112,215.36 | UGX 282,612 | UGX 480,923.04 | UGX 1,382,769.24 | ||||
| True Price by Comp | |||||||||
| Interest price component | 75.6% | 77.5% | 74.0% | 41.1% | 78.9% | ||||
| Fee Component | 7.9% | 12.2% | 3.8% | 6.5% | 8.6% | ||||
| Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Deposit Component | 16.4% | 18.5% | 14.7% | 10.5% | 18.0% | ||||
| Full APR (int fee ins tax dep) | 99.9% | 108.2% | 92.5% | 58.1% | 105.5% | ||||
| Transparency Index | 39 | 36 | 42 | 67 | 37 | ||||
| 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 |
|---|---|---|---|---|---|---|---|
