| Outstanding portfolio (USD) | USD 331,769 |
| Portfolio (USD) | USD 331,769 |
| Active Clients with Loans | 216.50 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 60% - 80% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | x |
| Education | x |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | |
| Group meetings | |
| Credit insurance | x |
| 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 | |
| Other (2) |
| # Regions for this institution | 1 |
| # Regions for this product | 1 |
| Regions Active | La Paz |
| Currency | USD |
| Minimum loan size | USD 50 |
| Maximum loan size | 1,500 |
| Loans less than USD 1,500 | 100% |
| USD 1,500-5,000 | 0 |
| USD 5,000-10,000 | 0 |
| USD 10,000-15,000 | 0 |
| USD 15,000-18,000 | 0 |
| Greater than USD 18,000 | 0 |
| 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 | 10% |
| Between 7 and 9 months | 10% |
| Between 10 and 12 months | 20% |
| Between 13 and 18 months | 40% |
| Longer than 18 months | 20% |
| Grace period usage | 0 |
| Average grace period | 0 |
| 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 | 1.20% |
| Highest quoted nominal interest | 1.80% |
| Reason(s) why interest rate varies | Client Risk, Loan Purpose |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | Yes |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Cobro por Formularios |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 3 |
| Fixed amount - max | 3 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | Yes |
| Ins 1 | |
|---|---|
| Description | Seguro de Desgravamen |
| % of loan amount - min | 0.18% |
| % of loan amount - max | 0.72% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | Insurance fee is 0.03% per month, charged on the disbursed loan amount. |
| Appears on Repayment Sched? | Yes |
| Required for | Never |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | N/A |
| Do borrowers control deposit in their group? | N/A |
| % loan amount deposited | N/A |
| or, Fixed-amount deposited | N/A |
| % loan amount deposited | N/A |
| or, Fixed-amount deposited | N/A |
| Conditions on access to deposit | N/A |
| Minimum interest rate paid | N/A |
| Maximum interest rate paid | N/A |
| Interest payment frequency | N/A |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | USD 450 | USD 600 | USD 1,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2013-07-25 | 2013-07-18 | 2013-06-25 | ||
| Loan Term (Months) | 12.0 months | 18.0 months | 18.0 months | ||
| Grace Period (Months) | 0.0 months | 0.1 months | -0.2 months | ||
| Total Cost of Credit | USD 89.74 | USD 167.87 | USD 237.56 | ||
| True Price by Comp | |||||
| Interest price component | 20.5% | 21.7% | 21.7% | ||
| Fee Component | 13.3% | 9.7% | 6.1% | ||
| Insurance Component | 0.5% | 0.6% | 0.6% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 0.0% | 0.0% | 0.0% | ||
| Full APR (int fee ins tax dep) | 34.3% | 32.0% | 28.4% | ||
| Transparency Index | 42 | 45 | 51 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Institution Type | Non-Governmental Organization |
| Is this institution regulated? | No |
| Website address | N/A |
| Year established | 2003 |
| Head of Institution | Charles Isingoma |
| Regions active | Western |
| # Branches | 7 |
| Total Portfolio (nat'l) | UGX 11,983,000,000 |
| Total Portfolio (USD) | USD 4,745,742.57 |
| Active clients with loans | 20,908 |
| Approximate % female clients | 40% - 60% |
| Approximate % urban clients | 60% - 80% |
| Network affiliations | AMFIU, AMT, MFI Upgrading Initiative |
| Funders | Triple Jump, Oikocredit, TRIAS, CRS |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Agriculture Loan | UGX 50,000 - 15,000,000 | 6 - 12 | 60% - 80% | 20% - 40% | Business | Women, Men, Have business, Have home or land | Credit Educ, Group Mtgs, Tech Asst Visits, Business Training | |||||||
| Individual Loan | UGX 500,000 - 10,000,000 | 6 - 24 | 20% - 40% | 20% - 40% | Business, Housing, Education | Women, Men, Have business, Have home or land | Credit Educ, Group Mtgs, Tech Asst Visits, Business Training | |||||||
| Salary Loan | UGX 250,000 - 10,000,000 | 6 - 12 | 20% - 40% | 20% - 40% | Housing, Consumer, Education | Women, Men, Salaried worker, Specific age group | Credit Educ, Group Mtgs, Tech Asst Visits, Business Training | |||||||
| School Fees Loan | UGX 700,000 - 1,500,000 | 6 - 8 | 20% - 40% | 20% - 40% | Education | Women, Men, Have business | Credit Educ, Group Mtgs, Tech Asst Visits, Business Training | |||||||
| Solidarity Group Loan | UGX 200,000 - 500,000 | 4 - 12 | 60% - 80% | 40% - 60% | Business, Consumer, Education | Women, Men, Have business, Have home or land | Credit Educ, Group Mtgs, Tech Asst Visits, Business Training | |||||||
| Village Bank Loan | UGX 50,000 - 5,000,000 | 4 - 12 | 40% - 60% | 0% - 20% | Business, Consumer, Education | Women, Men, Have business, Have home or land | Credit Educ, Group Mtgs, Tech Asst Visits, Business Training |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Agriculture Loan | 33.60% annual, Flat | 1 Fee | 1 Ins | None | 20.00% upfront | 32.8% - 56% | 41.2% - 93.3% | 54 | ||||||||
| Individual Loan | 30.00% annual, Flat | 1 Fee | 1 Ins | None | N/A | 60.1% - 61.1% | 61.2% - 79.9% | 44 | ||||||||
| Salary Loan | 33.60% annual, Flat | 1 Fee | 1 Ins | None | N/A | 38.8% - 41% | 39.2% - 45.8% | 81 | ||||||||
| School Fees Loan | 33.60% annual, Flat | 1 Fee | 1 Ins | None | N/A | 61.2% - 61.6% | 66.1% - 76.2% | 47 | ||||||||
| Solidarity Group Loan | 36.00% annual, Flat | 1 Fee | 1 Ins | None | 20.00% upfront | 64.2% - 65.3% | 82.1% - 90.9% | 41 | ||||||||
| Village Bank Loan | 36.00% annual, Flat | 1 Fee | 1 Ins | None | 20.00% upfront | 64.4% - 64.7% | 67% - 69.1% | 52 |
| 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 |
|---|---|---|---|---|---|---|---|
| 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 ∞ | ||||||
