2. FMB
Please note that the information you are viewing is 163 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. SAO
Please note that the information you are viewing is 149 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

First Macro Bank B. Morcilla cor. P. Herrera Sts.Pateros, Metro Manila1621
Data approved: 2011-11-15
Data version: 1
Age of data: 163 months

Institution

SAO - Kampala SACCO KalrweKampala, Central RegionPO Box 36809
Data approved: 2012-11-22
Data version: 2
Age of data: 149 months
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Product

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Product

Business Loan Product 1 of 1 « Prev | Next »

Product Summary

Number borrowers1,500
Loan Amount (range)PHP 5,000 - 150,000
Loan Term (range)1 - 6
Other Services (text summary)Credit Ins, Tech Asst Visits
Annual Interest & Method24.0%-36.0% annual, Flat
Fees232.40-6,474.00 upfront 100.00-325.00 upfront
Insurance16.25-591.50 upfront
Tax0.50% loan amt
Comp Dep10.00% ongoing
Range of pricing 
Interest Price ComponentN/A
Fee Component77.5% - 85.5% (Int+Fee)
Insurance Component1.5% - 35.2%
Tax Component Range5.5% - 7.7%
Full APR (int fee ins tax dep)92.7% - 102.3%
Transparency Index (min/max)22 - 26
Transparency Index (average)25

Product Summary

204
UGX 100,000 - 7,000,000
4 - 12
Credit Educ, Credit Ins, Tech Asst Visits, Business Training
30.00% annual, Flat
2 fees
1.00% upfront
None
20.00% upfront
 
43.3% - 50.5%
4.2% - 16.3%
2.1% - 5.1%
0
81.7% - 95.6%
31 - 37
34

Product Details

Key Statistics
Outstanding portfolio (PHP)PHP 25,000,000
Portfolio (USD)USD 598,086.12
Active Clients with Loans1,500
Approximate % Female Clients80% - 100%
Approximate % Urban Clients60% - 80%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Individual micro-enterprise loan
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurancex
Workplace visitsx
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Product Details

Key Statistics
Outstanding portfolio (UGX)UGX 156,918,900
Portfolio (USD)USD 62,768
Active Clients with Loans204
Approximate % Female Clients40% - 60%
Approximate % Urban Clients80% - 100%
Methodology
Individualx
Solidarity groupx
Village banking
Self help group
Other
Description
Loan for trade and business expansion.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household financex
Other
Other (2)
Included Services
Credit educationx
Group meetings
Credit insurancex
Workplace visitsx
Business trainingx
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution1
# Regions for this product1
Regions ActiveCentral

Loan Conditions

Loan Amount
CurrencyPHP
Minimum loan sizePHP 5,000
Maximum loan size150,000
Loan Term and Grace Period
Shortest loan term1.0 month
Longest loan term6.0 months
Approx average4.0 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
Every 2 weeks
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyUGX
Minimum loan sizeUGX 100,000
Maximum loan size7,000,000
Distribution at Disbursement (Est.)
Loans less than UGX 1,000,00040%
UGX 1,000,000-5,000,00030%
UGX 5,000,000-7,500,00030%
UGX 7,500,000-10,000,0000
UGX 10,000,000-13,000,0000
Greater than UGX 13,000,0000
Loan Term and Grace Period
Shortest loan term4.0 months
Longest loan term12.0 months
Approx average4.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months5%
Between 7 and 9 months90%
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months5%
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest2.00%
Highest quoted nominal interest3.00%
Reason(s) why interest rate variesRandomly selected by the bank's system
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionBank ChargeProcessing Fee
% of loan amount - min00
% of loan amount - max00
OR, Fixed amount - min232.40100
Fixed amount - max6,474325
Reason for variationN/a
Appears on Repayment Sched?NoNo
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionMortgage Redemption Insurance
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min16.25
Fixed amount - max591.50
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited0
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited10.00%
or, Fixed-amount deposited0
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid1.00%
Maximum interest rate paid1.00%
Interest payment frequencyQuarterly
Taxes
Are taxes charged on this product?Yes
Percentage of fees0
All or some fees taxedN/A
Additional Comments
Bank charge = .83% of loan amount x loan term. Processing Fee = P1 or .25% of loan amount (for 4, and up). Insurance Fee = P2 for every P1 for 3 month loan (based on table of fees. Tax (Gross Receipts Tax) = 5% of accrued interest fee and fees (except insurance). Tax (Doc. Stamp) = P1 for every P2 per annum. For savings, opening account balance is P2. No deposit is required prior to disbursement. It is assumed that savings have been accumulated from previous loan cycles. Weekly savings required is 1% of loan amount / # of weeks

Pricing Information

Interest
Lowest quoted nominal interest2.50%
Highest quoted nominal interest2.50%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?Yes
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionLoan Processing FeeLoan Application Fee
% of loan amount - min2.00%0
% of loan amount - max2.00%0
OR, Fixed amount - min03,000
Fixed amount - max03,000
Reason for variationN/AN/A
Appears on Repayment Sched?NoYes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionCredit Insurance
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited20.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid0
Maximum interest rate paid0
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Full Pricing Data

Unlad samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountPHP 7,000PHP 13,000PHP 30,000PHP 60,000PHP 90,000PHP 130,000
Loan Cycle (1, 2, 3, etc)2Not KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2011-05-272011-05-202011-05-062011-06-032011-04-082011-03-11
Loan Term (Months)4.0 months3.0 months3.0 months5.1 months6.1 months6.1 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot KnownNot KnownNot Known
True Price by Comp           
Interest and Fee Component85.5%81.0%77.5%77.7%78.3%78.7%
Insurance Component1.5%2.1%2.1%2.0%2.0%2.0%
Tax Component5.9%7.7%7.4%5.5%5.7%5.7%
Deposit Component9.4%6.0%5.7%8.5%8.9%8.6%
Full APR (int fee ins tax dep)102.3%96.8%92.7%93.7%94.9%95.1%
Transparency Index232526262525
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF

Full Pricing Data

Business Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountUGX 200,000UGX 600,000UGX 1,500,000UGX 300,000UGX 7,000,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known0
Disbursement Date2012-08-162012-07-172012-08-062012-08-032012-02-01
Loan Term (Months)4.1 months6.0 months10.0 months4.0 months12.0 months
Grace Period (Months)0.3 months0.1 months0.6 months0.1 months0.0 months
Total Cost of CreditUGX 29,000UGX 111,000UGX 423,000UGX 42,000UGX 2,313,000
True Price by Comp         
Interest price component43.3%47.4%49.2%46.4%50.5%
Fee Component16.3%8.8%5.0%15.0%4.2%
Insurance Component4.8%3.6%2.4%5.1%2.1%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component26.0%26.7%25.1%29.1%25.5%
Full APR (int fee ins tax dep)90.4%86.5%81.7%95.6%82.3%
Transparency Index3335373136
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF
Unlad Price Graphs
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.RurBankInstitution TypeBusinessLoan PurposeFMBInstitutionPH-020-V01-P02ProductPHCountry2011YearRange Number1Institution Data Version050,000100,000Loan Size (all)0%20%40%60%80%100%Full APR (int fee ins tax dep)> 30010010Number of Borrowers** Note: not all bubble sizes in this graph represent number of borrowers, as some samples do not have this data available. These bubbles are shown as a uniform small size. The pop-up text on each bubble will indicate the product scale and the sample scale.
Click to view Price Analysis Tool
Business Loan Price Graphs
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.CoopInstitution TypeMultipleLoan PurposeSAOInstitutionUG-017-V02-P01ProductUGCountry2012YearRange Number2Institution Data Version02,000,0004,000,0006,000,000Loan Size (all)0%20%40%60%80%100%Full APR (int fee ins tax dep)> 80405Number of Borrowers
Click to view Price Analysis Tool
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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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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