Gatsby Microfinance Ltd - Gatsby Microfinance General Loan - MFTransparency.org Truth In Lending Tables

Please note that the information you are viewing is 148 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Gatsby Microfinance Ltd Head OfficeKampala, Central RegionPO Box 8752

Data approved: 2012-07-20

Data version: 2

Age of data: 148 months

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Product

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Product Details

Key Statistics

Outstanding portfolio (UGX)	UGX 2,981,915,068
Portfolio (USD)	USD 1,192,766
Active Clients with Loans	736
Approximate % Female Clients	40% - 60%
Approximate % Urban Clients	40% - 60%

Methodology

Individual	x
Solidarity group
Village banking
Self help group
Other

Description

This is a general loan product where GATSBY offers loans within a short processing time and at a higher interest rate than the Myc4 loan product.

Loan Purpose

Any purpose
Income generation	x
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)

Included Services

Credit education
Group meetings
Credit insurance
Workplace visits	x
Business training
Other training
Other
Other (2)
No other services

Eligibility

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	The type of business must be in line with the company mission
Other (2)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	3
# Regions for this product	3
Regions Active	Central, Eastern, Western

Loan Conditions

Loan Amount

Currency	UGX
Minimum loan size	UGX 1,000,000
Maximum loan size	30,000,000

Distribution at Disbursement (Est.)

Loans less than UGX 1,000,000	0
UGX 1,000,000-5,000,000	15%
UGX 5,000,000-7,500,000	15%
UGX 7,500,000-10,000,000	15%
UGX 10,000,000-13,000,000	15%
Greater than UGX 13,000,000	15%

Loan Term and Grace Period

Shortest loan term	6.0 months
Longest loan term	24.0 months
Approx average	12.0 months

Distribution at Disbursement (Est.)

Loans 3 months or less	0
Between 4 and 6 months	15%
Between 7 and 9 months	5%
Between 10 and 12 months	20%
Between 13 and 18 months	60%
Longer than 18 months	0

Grace Period

Grace period usage	10%
Average grace period	0.3 months

Repayment Frequency

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

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	Stamp duty
% of loan amount - min	2.00%	0
% of loan amount - max	2.00%	0
OR, Fixed amount - min	0	5,000
Fixed amount - max	0	5,000
Reason for variation	N/A	N/A
Appears on Repayment Sched?	Yes	Yes

Ongoing Fees

This product has no ongoing fees

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% for loans < 12 months, 1.5% for loans > 12 months
Appears on Repayment Sched?	Yes

Ongoing Insurance Fees

This product has no ongoing insurance fees

Compulsory Deposit

Required for	Some
Criteria	Required for clients without registerd securities e.g. car log books & land titles
Is deposit indicated on the repayment schedule?	No
Do borrowers control deposit in their group?	No

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	0
Conditions on access to deposit	End Term

Interest Paid on Deposit

Minimum interest rate paid	0
Maximum interest rate paid	0
Interest payment frequency	N/A

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Full Pricing Data

Gatsby Microfinance General Loan samples

	Sample 1	Sample 2	Sample 3	Sample 4	Sample 5
Loan Amount	UGX 1,500,000	UGX 3,000,000	UGX 6,000,000	UGX 8,000,000	UGX 13,000,000
Loan Cycle (1, 2, 3, etc)	1	2	3	4	1
Disbursement Date	2012-04-23	2012-04-27	2012-05-16	2012-03-21	2012-04-05
Loan Term (Months)	6.0 months	12.0 months	12.0 months	12.0 months	12.0 months
Grace Period (Months)	0.1 months	0.2 months	0.2 months	0.2 months	0.1 months
Total Cost of Credit	UGX 275,000	UGX 995,000	UGX 1,985,000	UGX 2,645,000	UGX 4,295,000
True Price by Comp
Interest price component	46.9%	49.1%	49.1%	49.1%	49.2%
Fee Component	8.0%	4.3%	4.1%	4.0%	4.0%
Insurance Component	3.6%	2.0%	2.0%	2.0%	2.1%
Tax Component	0.0%	0.0%	0.0%	0.0%	0.0%
Deposit Component	10.8%	10.2%	10.2%	10.2%	10.1%
Full APR (int fee ins tax dep)	69.3%	65.6%	65.4%	65.3%	65.4%
Transparency Index	43	46	46	46	46

Original Repayment Schedule	PDF	PDF	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF	PDF	PDF

Gatsby Microfinance General Loan Price Graphs

Loan Size/

Loan Term/

Custom

Click to view Price Analysis Tool

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
1st Valley Bank	38,900	48,291,000	3	162
AJDFI	13,100	884,000	6	162
ARDCI	44,600	9,403,000	1	162
ASA Philippines	333,400	29,282,000	1	162
ASHI	35,400	5,231,000	6	162
ASKI	60,000	15,247,000	4	162
Bangko Kabayan	8,900	2,373,000	2	162
BSEI	600	73,000	2	162
CBI	8,100	2,010,000	5	162
CCT	70,300	9,504,000	4	162
CEV	35,400	5,111,000	4	162
DSPI	59,300	3,676,000	3	162
ECLOF	5,400	1,836,000	4	162
FCB	12,000	2,392,000	2	162
FMB	2,700	710,000	2	162
GM Bank	23,500	1,553,000	3	162
HSPFI	19,100	1,899,000	2	162
JVOFI	1,300	281,000	1	162
Katipunan Bank	42,100	5,325,000	2	162
KDCI	20,500	2,095,000	3	162
KGI	32,300	3,421,000	4	162
KMBI	245,000	15,098,000	1	162
LTMPC	37,400	8,935,000	3	162
Mallig Plains	6,500	641,000	2	162
MILAMDEC	29,800	3,278,000	2	162
MWIMPC	11,800	1,740,000	4	161
NWTF	105,500	12,698,000	5	162
OFMPC	4,400	964,000	1	162
PBC	50,700	10,434,000	4	162
PCSD	700	167,000	1	162
PMPC	23,500	5,565,000	8	162
RB Angeles	900	1,502,000	2	162
RB Labason	500	289,000	1	162
RBLI	5,200	1,026,000	2	162
RBMI	11,900	1,750,000	2	162
RMB	100	173,000	1	162
RSPI	39,600	2,834,000	4	162
SAFRAGEMC	1,100	229,000	1	162
Salve	10,900	1,191,000	3	162
SEDP	27,000	3,914,000	3	162
TSKI	212,900	25,187,000	2	162
TSPI	264,500	31,290,000	7	162
Valient	1,700	672,000	2	162

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

	X Axis
	Greater than:
	Less or equal to:
N (# of Samples)
Total Borrrowers of Samples


Avg
Min
Max
Std Dev

By Inst Type


By Country

	X Axis
	Greater than:
	Less or equal to:
	From 0 to
	to
	to
	to ∞

Institution

Product

Product Details

Key Statistics

Methodology

Description

Loan Purpose

Included Services

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

Loan Conditions

Loan Amount

Distribution at Disbursement (Est.)

Loan Term and Grace Period

Distribution at Disbursement (Est.)

Grace Period

Repayment Frequency

Pricing Information

Interest

Upfront Fees

Ongoing Fees

Upfront Insurance Fees

Ongoing Insurance Fees

Compulsory Deposit

Deposit BEFORE or AT Disbursement

Deposits DURING period payments

Interest Paid on Deposit

Taxes

Full Pricing Data

Gatsby Microfinance General Loan samples

Gatsby Microfinance General Loan Price Graphs

Total Borrowers of Samples

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