| Institution Type | Non-Governmental Organization |
| Is this institution regulated? | No |
| Website address | N/A |
| Year established | 1987 |
| Head of Institution | A. Pablo Nuñez Quiroga |
| Regions active | Beni , Santa Cruz |
| # Branches | 11 |
| Total Portfolio (nat'l) | BOB 108,376,975 |
| Total Portfolio (USD) | USD 16,055,848.15 |
| Active clients with loans | 8,006 |
| Approximate % female clients | 40% - 60% |
| Approximate % urban clients | 60% - 80% |
| Network affiliations | WomenŽs World Banking, FINRURAL |
| Funders |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asalariado | USD 50 - 5,000 | 4 - 36 | 20% - 40% | 60% - 80% | Consumer | Women, Men, Salaried worker | Credit Ins | |||||||
| Asociativo | USD 50 - 2,000 | 12 - 36 | 0% - 20% | 80% - 100% | Business | Women, Men, Have business, Estar afiliado a una asociacion | Credit Ins | |||||||
| Independiente | USD 50 - 15,000 | 6 - 48 | 60% - 80% | 20% - 40% | Business, Agriculture | Women, Men, Have business | Credit Ins | |||||||
| Linea Agil | USD 500 - 25,000 | 3 - 48 | 20% - 40% | 40% - 60% | Business | Women, Men, Have business | Credit Ins | |||||||
| Oportuno | USD 50 - 1,000 | 3 - 18 | 60% - 80% | 20% - 40% | Business | Women, Men, Have business | Credit Ins | |||||||
| Transporte | USD 500 - 25,000 | 6 - 48 | 20% - 40% | 60% - 80% | Business | Women, Men, Debe estar afiliado a alguna asociacion, cooperativa y /o Sindicato de transporte. | Credit Ins | |||||||
| Mipe | USD 15,001 - 25,000 | 6 - 48 | 20% - 40% | 40% - 60% | Business | Women, Men, Have business | Credit Ins |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asalariado | 29.0%-36.0% annual, Decl Bal | 0 Fees | 1 Ins | None | N/A | 30% - 34.9% | 30.9% - 35.7% | 77 | ||||||||
| Asociativo | 20.0%-36.0% annual, Decl Bal | 0 Fees | 1 Ins | None | N/A | 20.1% - 36% | 20.8% - 36.7% | 68 | ||||||||
| Independiente | 20.0%-36.0% annual, Decl Bal | 0 Fees | 1 Ins | None | N/A | 20.1% - 35.9% | 20.8% - 36.6% | 69 | ||||||||
| Linea Agil | 18.0%-36.0% annual, Decl Bal | 0 Fees | 1 Ins | None | N/A | 19.8% - 32% | 20.5% - 32.7% | 68 | ||||||||
| Oportuno | 32.0%-36.0% annual, Decl Bal | 0 Fees | 1 Ins | None | N/A | 32% - 35.9% | 32.6% - 36.6% | 87 | ||||||||
| Transporte | 18.0%-36.0% annual, Decl Bal | 0 Fees | 1 Ins | None | N/A | 19.1% - 26.1% | 19.8% - 26.7% | 77 | ||||||||
| Mipe | 19.0%-21.0% annual, Decl Bal | 0 Fees | 1 Ins | None | N/A | 20.1% - 21.1% | 20.8% - 21.8% | 89 |
| 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% |
| 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 | |
| Group meetings | |
| Credit insurance | |
| Workplace visits | x |
| Business training | |
| 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 | The type of business must be in line with the company mission |
| Other (2) |
| # Regions for this institution | 3 |
| # Regions for this product | 3 |
| Regions Active | Central, Eastern, Western |
| Currency | UGX |
| Minimum loan size | UGX 1,000,000 |
| Maximum loan size | 30,000,000 |
| 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% |
| Shortest loan term | 6.0 months |
| Longest loan term | 24.0 months |
| Approx average | 12.0 months |
| 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 usage | 10% |
| Average grace period | 0.3 months |
| 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 | 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 |
| 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 |
| 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 |
| 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 |
| % loan amount deposited | 10.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | End Term |
| 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 | 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 | |||||||||
| 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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