| Number borrowers | 44,667 |
| Loan Amount (range) | PHP 10,000 - 200,000 |
| Loan Term (range) | 3 - 12 |
| Other Services (text summary) | Group Mtgs, Credit Ins |
| Annual Interest & Method | 24.0% annual, Flat |
| Fees | None |
| Insurance | 20.00 ongoing N |
| Tax | None |
| Comp Dep | 10.0% upfront 30.00 ongoing |
| Range of pricing | |
| Interest Price Component | N/A |
| Fee Component | 44.2% - 46.3% (Int+Fee) |
| Insurance Component | 2.3% - 13.2% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 58.5% - 75.7% |
| Transparency Index (min/max) | 32 - 41 |
| Transparency Index (average) | 37 |
| 5,161 |
| UGX 1,000,000 - 8,000,000 |
| 3 - 24 |
| Credit Educ, Business Training |
| 25.0% annual, Flat |
| 1.00% upfront 1,500.00 upfront |
| 1,500.00 upfront |
| None |
| 10.0% upfront |
| 41.1% - 61.9% |
| 0.6% - 2.8% |
| 0.1% - 2.6% |
| 0 |
| 44.1% - 53.5% |
| 31 - 57 |
| 50 |
| Outstanding portfolio (PHP) | PHP 393,049,789.90 |
| Portfolio (USD) | USD 9,403,105.02 |
| Active Clients with Loans | 44,667 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 20% - 40% |
| Individual | x |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | |
| 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 | |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Outstanding portfolio (UGX) | UGX 9,166,874,430 |
| Portfolio (USD) | USD 3,630,445.32 |
| Active Clients with Loans | 5,161 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 20% - 40% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | |
| Credit insurance | |
| Workplace visits | |
| Business training | x |
| 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) |
| # Regions for this institution | 4 |
| # Regions for this product | N/A |
| Regions Active |
| Currency | PHP |
| Minimum loan size | PHP 10,000 |
| Maximum loan size | 200,000 |
| Shortest loan term | 3.0 months |
| Longest loan term | 12.0 months |
| Approx average | 0 |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | x |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Currency | UGX |
| Minimum loan size | UGX 1,000,000 |
| Maximum loan size | 8,000,000 |
| Loans less than UGX 1,000,000 | 0 |
| UGX 1,000,000-5,000,000 | 40% |
| UGX 5,000,000-7,500,000 | 40% |
| UGX 7,500,000-10,000,000 | 20% |
| UGX 10,000,000-13,000,000 | 0 |
| Greater than UGX 13,000,000 | 0 |
| Shortest loan term | 3.0 months |
| Longest loan term | 24.0 months |
| Approx average | dk |
| Loans 3 months or less | 15% |
| Between 4 and 6 months | 15% |
| Between 7 and 9 months | 15% |
| Between 10 and 12 months | 15% |
| Between 13 and 18 months | 20% |
| Longer than 18 months | 20% |
| 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 | 2.00% |
| Highest quoted nominal interest | 2.00% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | Yes |
| Ins 1 | Ins 2 | ||
|---|---|---|---|
| Description | Life Insurance | Hospital Income Benefit (HIB) | |
| % of loan amount - min | 0 | 0 | |
| % of loan amount - max | 0 | 0 | |
| OR, Fixed amount - min | 20 | 2.50 | |
| Fixed amount - max | 20 | 2.50 | |
| Reason for variation | N/A | N/A | |
| Appears on Repayment Sched? | No | No |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | |
| Do borrowers control deposit in their group? |
| % loan amount deposited | 10.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | PHP 30 |
| Conditions on access to deposit | When Leaving |
| Minimum interest rate paid | 5.00% |
| Maximum interest rate paid | 5.00% |
| Interest payment frequency | Quarterly |
| Are taxes charged on this product? | No |
| Lowest quoted nominal interest | 25.00% |
| Highest quoted nominal interest | 25.00% |
| 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 Appraisal | Legal Fee | |
| % of loan amount - min | 1.00% | 0 | |
| % of loan amount - max | 1.00% | 0 | |
| OR, Fixed amount - min | 0 | 1,500 | |
| Fixed amount - max | 0 | 1,500 | |
| Reason for variation | N/A | N/A | |
| Appears on Repayment Sched? | No | Yes |
| Ins 1 | |
|---|---|
| Description | Membership Fee |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 1,500 |
| Fixed amount - max | 1,500 |
| Reason for variation | N/A |
| 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? | 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 | N/A |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | PHP 15,000 | PHP 30,000 | PHP 30,000 | PHP 60,000 | PHP 90,000 | ||||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
| Disbursement Date | 2011-09-15 | 2011-09-20 | 2011-08-04 | 2011-05-18 | 2011-03-23 | ||||
| Loan Term (Months) | 11.7 months | 11.7 months | 12.0 months | 11.7 months | 8.6 months | ||||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | ||||
| Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
| True Price by Comp | |||||||||
| Interest and Fee Component | 45.8% | 45.8% | 44.2% | 45.8% | 46.3% | ||||
| Insurance Component | 13.2% | 6.7% | 6.4% | 3.3% | 2.3% | ||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Deposit Component | 16.7% | 12.3% | 11.4% | 10.3% | 9.9% | ||||
| Full APR (int fee ins tax dep) | 75.7% | 64.8% | 62.0% | 59.5% | 58.5% | ||||
| Transparency Index | 32 | 37 | 39 | 40 | 41 | ||||
| Original Repayment Schedule | |||||||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | UGX 2,500,000 | UGX 3,000,000 | UGX 6,000,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2012-02-16 | 2012-02-12 | 2012-03-13 | ||
| Loan Term (Months) | 12.0 months | 12.0 months | 12.0 months | ||
| Grace Period (Months) | 1.0 month | 0.0 months | 1.2 months | ||
| Total Cost of Credit | UGX 653,000 | UGX 783,000 | UGX 1,563,000 | ||
| True Price by Comp | |||||
| Interest price component | 42.7% | 42.7% | 41.1% | ||
| Fee Component | 2.1% | 2.1% | 1.9% | ||
| Insurance Component | 0.1% | 0.1% | 0.1% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | -0.8% | 8.6% | 8.0% | ||
| Full APR (int fee ins tax dep) | 44.1% | 53.5% | 51.1% | ||
| Transparency Index | 57 | 47 | 49 | ||
| 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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