2. Finance Trust
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
  2. Parabank
Please note that the information you are viewing is 181 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Uganda Finance Trust Plot 121&115, Block 6KatweKampala, Central UgandaPO Box 6972
Data approved: 2012-10-16
Data version: 2
Age of data: 149 months
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Institution

Parabank OJSC 60 Samed Vurgun strBaku, BakuAZ1022
Data approved: 2010-05-25
Data version: 1
Age of data: -   months 
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Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addresshttp://www.financetrust.co.ug/
Year established1984
Head of InstitutionAnne Nakawunde Mulindwa
Regions activeCentral, Eastern, Northern, Western
# Branches30

Total Portfolio (nat'l)UGX 43,801,060,749
Total Portfolio (USD)USD 17,520,424.30
Active clients with loans22,555
Approximate % female clients40% - 60%
Approximate % urban clients20% - 40%
Network affiliationsWorld Savings Bank Initiative, WWB, AMFIU, African Rural & Agricultural Credit Association
FundersInvestisseur et Partnaire el la Developpment, Oikocredit, Uganda Womens Trust, Founder Members

Institution Details

Institution TypePrivate 'For-Profit'
Is this institution regulated?N/A
Website addresshttp://www.parabank.az/
Year established1991
Head of InstitutionVali Guliyev
Regions active0
# Branches16

Total Portfolio (nat'l)AZN 64,721,000
Total Portfolio (USD)USD 80,901,250
Active clients with loans7,573
Approximate % female clients20% - 40%
Approximate % urban clients60% - 80%
Network affiliations
Funders

Loan Products » Summary

Business Grp
3,491 Borrowers
USD 536,528 Portfolio
Active Product
Business Idv
16,202 Borrowers
USD 14,903,842 Portfolio
Active Product
Development
104 Borrowers
USD 385,861 Portfolio
Active Product
Salary
1,440 Borrowers
USD 647,668 Portfolio
Active Product
School Fees
999 Borrowers
USD 229,281 Portfolio
Active Product

Loan Products » Summary

Consumer
1,268 Borrowers
USD 9,000 Portfolio
Active Product
Group
2,100 Borrowers
USD 1,512,500 Portfolio
Active Product
Micro
3,100 Borrowers
USD 13,490,000 Portfolio
Active Product
SME
600 Borrowers
USD 29,375,000 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Business Loan - Group UGX 100,000 - 4,000,000 3 - 24 60% - 80% 20% - 40% Business Men, Have business Credit Educ, Group Mtgs, Credit Ins
Business Loan - Individual UGX 500,000 - 70,000,000 3 - 24 60% - 80% 20% - 40% Business Women, Men, Have business, Specific age group, Age 18 and above,, Must have a savings account at Finance Trust Credit Educ, Credit Ins
Personal Development Loan UGX 500,000 - 70,000,000 3 - 24 60% - 80% 20% - 40% Any Purpose Women, Men, Specific age group, Age 18 and above. Regular source of income,, Collateral must be titled land / comprehensively insured motor vehicle Credit Educ, Credit Ins
Salary Loan UGX 100,000 - 10,000,000 3 - 24 60% - 80% 20% - 40% Any Purpose Women, Men, Salaried worker, Specific age group, Age 18 and above, Must open a savings salary account at Finance Trust Credit Educ, Credit Ins
School Fees Loan UGX 100,000 - 70,000,000 3 - 6 60% - 80% 20% - 40% Education Women, Men, Have business, Salaried worker, Must have a clear identifiable & regular source of income Credit Educ, Credit Ins

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Consumer Loans AZN 1,000 - 20,000 3 - 24 20% - 40% 0% - 20% Any Purpose Women, Men, Have home or land, Salaried worker Credit Educ, Credit Ins
Group Loans AZN 500 - 2,000 3 - 18 20% - 40% 60% - 80% Business Women, Men Credit Educ, Group Mtgs, Credit Ins
Micro Loans AZN 1,000 - 20,000 6 - 18 20% - 40% 20% - 40% Business Women, Men, Have business Credit Educ, Group Mtgs, Credit Ins
AZN 20,000 - 200,000 6 - 36 0% - 20% 20% - 40% Business, Housing Women, Men, Have business, Have home or land, Specific age group Credit Educ, Group Mtgs, Credit Ins

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Business Loan - Group 30.00% annual, Flat 3 Fees 1 Ins None 10.00% upfront 64.7% - 84.9% 81.8% - 128.1% 29
Business Loan - Individual 25.00%-30.00% annual, Flat 3 Fees 1 Ins None 10.00% upfront 56.3% - 65.9% 68.6% - 81.8% 33
Personal Development Loan 25.00%-30.00% annual, Flat 3 Fees 1 Ins None N/A 51.8% - 61.4% 53.9% - 63.6% 41
Salary Loan 27.00% annual, Flat 3 Fees 1 Ins None N/A 50.8% - 73.6% 52.5% - 77.4% 45
School Fees Loan 36.00% annual, Flat 3 Fees 1 Ins None 10.00% upfront 67% - 87.6% 82.6% - 109.3% 38

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Consumer Loans 24.0%-36.0% annual, Decl Bal 2 Fees 0 Ins None N/A 31.9% - 42.1% 31.9% - 42.1% 69
Group Loans 24.0%-36.0% annual, Decl Bal 2 Fees 0 Ins None N/A 41.7% - 43% 41.7% - 43% 56
Micro Loans 24.0%-36.0% annual, Decl Bal 2 Fees 0 Ins None N/A 30.8% - 40.3% 30.8% - 40.3% 69
18.0%-30.0% annual, Decl Bal 1 Fee 0 Ins None N/A 29.8% 29.8% 60

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Business Loan - Group 30.00% annual, Flat 3 Fees 1 Ins Ins None 10.00% upfront 64.7% - 84.9% 81.8% - 128.1% 29
Business Loan - Individual 25.00%-30.00% annual, Flat 3 Fees 1 Ins Ins None 10.00% upfront 56.3% - 65.9% 68.6% - 81.8% 33
Personal Development Loan 25.00%-30.00% annual, Flat 3 Fees 1 Ins Ins None N/A 51.8% - 61.4% 53.9% - 63.6% 41
Salary Loan 27.00% annual, Flat 3 Fees 1 Ins Ins None N/A 50.8% - 73.6% 52.5% - 77.4% 45
School Fees Loan 36.00% annual, Flat 3 Fees 1 Ins Ins None 10.00% upfront 67% - 87.6% 82.6% - 109.3% 38

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Consumer Loans 24.0%-36.0% annual, Decl Bal 2 Fees 0 Ins Ins None N/A 31.9% - 42.1% 31.9% - 42.1% 69
Group Loans 24.0%-36.0% annual, Decl Bal 2 Fees 0 Ins Ins None N/A 41.7% - 43% 41.7% - 43% 56
Micro Loans 24.0%-36.0% annual, Decl Bal 2 Fees 0 Ins Ins None N/A 30.8% - 40.3% 30.8% - 40.3% 69
18.0%-30.0% annual, Decl Bal 1 Fee 0 Ins Ins None N/A 29.8% 29.8% 60
Institution Price Graph
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.NBFIInstitution TypeAnyBusinessEducationLoan PurposeFinance TrustInstitutionUG-021-V02-P01UG-021-V02-P02UG-021-V02-P03UG-021-V02-P04UG-021-V02-P05ProductUGCountry2012YearRange Number2Institution Data Version01,000,0002,000,0003,000,0004,000,0005,000,0006,000,000Loan Size (all)0%50%100%Full APR (int fee ins tax dep)> 1,7001,30080040040Number of Borrowers
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Institution Price Graph
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.Private \'For-Profit\'Institution TypeAnyBusinessMultipleLoan PurposeParabankInstitutionAZ-008-V01-P01AZ-008-V01-P02AZ-008-V01-P03AZ-008-V01-P04ProductAZCountry2010YearRange Number1Institution Data Version010,00020,00030,00040,000Loan Size (all)0%10%20%30%40%Full APR (int fee ins tax dep)> 1,00070050020020Number 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.
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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
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