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Institution
Data approved: 2012-10-16
Data version: 2
Age of data: 148 months
Description
Enables borrowers to access loans as a group to increase their working capital as they pay back in monthly manageable installments. Collateral is pledged to group members who in turn guarantee each other. The loan period is flexible.
Any purpose Income generation x Mortgage/housing Consumer loan Agriculture Education 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 Must run a business x Must own a home or land Must be a salaried worker Must be specific age group Other Other (2)
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 100,000 Maximum loan size 4,000,000
Loans less than UGX 1,000,000 50% UGX 1,000,000-5,000,000 50% UGX 5,000,000-7,500,000 0 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 3.0 months Longest loan term 24.0 months Approx average 6.0 months
Loans 3 months or less 0 Between 4 and 6 months 50% Between 7 and 9 months 15% Between 10 and 12 months 30% Between 13 and 18 months 5% Longer than 18 months 0
Daily Weekly Every 2 weeks x Every 4 weeks Monthly Every 2 months Quarterly Every 6 months Every 12 months Single end payment Irregular payments
Pricing Information
Interest
Lowest quoted nominal interest 30.00% Highest quoted nominal interest 30.00% 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 Some Criteria Not required if collateral is titled land or comrehensively insured motor vehicle Is deposit indicated on the repayment schedule? No Do borrowers control deposit in their group? Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited 10.00% or, Fixed-amount deposited 0
Deposits DURING period payments
% loan amount deposited 0 or, Fixed-amount deposited UGX 5,000 Conditions on access to deposit Final Pmt
Interest Paid on Deposit
Minimum interest rate paid 0 Maximum interest rate paid 0 Interest payment frequency End Term
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
Business Loan - Group sample s
Sample 1Sample 2Sample 3Sample 4Loan Amount UGX 300,000 UGX 700,000 UGX 1,500,000 UGX 3,000,000 Loan Cycle (1, 2, 3, etc)Not Known Not Known Not Known Not Known Disbursement Date 2012-07-18 2012-08-22 2012-07-19 2012-07-14 Loan Term (Months) 5.6 months 7.0 months 7.0 months 11.0 months Grace Period (Months)0.0 months -0.1 months 0.0 months 0.1 months Total Cost of Credit UGX 68,538.46 UGX 180,230.77 UGX 375,923.08 UGX 1,003,653.84 True Price by Comp Interest price component 53.0% 54.3% 53.4% 51.8% Fee Component 31.9% 20.0% 17.7% 12.9% Insurance Component 4.4% 3.5% 3.4% 2.5% Tax Component 0.0% 0.0% 0.0% 0.0% Deposit Component 38.8% 26.0% 18.3% 14.6% Full APR (int fee ins tax dep)128.1% 103.8% 92.8% 81.8% Transparency Index 23 29 32 37 Original Repayment Schedule PDF PDF PDF PDF MFT Pricing Calculation PDF PDF PDF PDF
Business Loan - Group Price Graphs
0 100 Pricing Transparency Index Regulated Inst. Not Regulated Inst. NBFI Institution Type Business Loan Purpose Finance Trust Institution UG-021-V02-P01 Product UG Country 2012 Year Range Number 2 Institution Data Version 0 500,000 1,000,000 1,500,000 2,000,000 2,500,000 3,000,000 Loan Size (all) 0% 50% 100% Full APR (int fee ins tax dep) > 1,700 1,300 800 400 40 Number of Borrowers
