Institution

INSOTEC Juan León Mera N24-12 y WilsonQuito, Pichincha
Data approved: 2010-11-08
Data version: 1
Age of data: 163 months

Institution

FINCA Uganda Limited Plot 22 Ben Kiwanuka StreetKampalaPO Box 24450
Data approved: 2014-11-19
Data version: 3
Age of data: 110 months

Product

Emergente Product 3 of 4 « Prev | Next »

Product

FINCA Village Group Loan Product 3 of 4 « Prev | Next »

Product Summary

Number borrowers58
Loan Amount (range)USD 250 - 1,800
Loan Term (range)3 - 5
Other Services (text summary)Credit Ins
Annual Interest & Method24.5%-26.9% annual, Decl Bal
Fees1.90% ongoing
InsuranceNone
TaxNone
Comp DepN/A
Range of pricing 
Interest Price ComponentN/A
Fee Component27.2% - 27.3% (Int+Fee)
Insurance Component2.7% - 3.2%
Tax Component Range0
Full APR (int fee ins tax dep)30.0% - 30.3%
Transparency Index (min/max)73 - 87
Transparency Index (average)81

Product Summary

31,375
UGX 50,000 - 10,000,000
4 - 8
Credit Educ, Group Mtgs, Credit Ins
68.8% annual, Decl Bal
1.00%-2.00% upfront
None
None
10.0% upfront 1.00% ongoing
 
27.7% - 68.4%
2.2% - 12.5%
0 - 1.1%
0
84.2% - 97.9%
59 - 83
78

Product Details

Key Statistics
Outstanding portfolio (USD)USD 26,695.01
Portfolio (USD)USD 26,695.01
Active Clients with Loans58
Approximate % Female Clients20% - 40%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
El objetivo del producto es satisfacer las necesidades de financiamiento de los clientes, con los periodos considerados como de mayor demanda, cuando represente una oportunidad para el negocio o cuando la situación lo amerite.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household financex
OtherUsar solo para capital de trabajo
Other (2)
Included Services
Credit education
Group meetings
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or landx
Must be a salaried worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Product Details

Key Statistics
Outstanding portfolio (UGX)UGX 14,057,331,353
Portfolio (USD)USD 5,567,259.94
Active Clients with Loans31,375
Approximate % Female Clients40% - 60%
Approximate % Urban Clients20% - 40%
Methodology
Individual
Solidarity group
Village bankingx
Self help group
Other
Description
A group of 10-25 neighbours co-guarantee each other. Members get training before receiving loans. Amounts range from 50,000 to 600,000 for first time & up to 6,000,000 for subsequent loans. Borrowers are insured against personal accident.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculturex
Educationx
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age groupx
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution5
# Regions for this product5
Regions ActiveCentral, Eastern, Northern, Western, Southern

Loan Conditions

Loan Amount
CurrencyUSD
Minimum loan sizeUSD 250
Maximum loan size1,800
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term5.0 months
Approx average4.0 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
Every 2 weeksx
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyUGX
Minimum loan sizeUGX 50,000
Maximum loan size10,000,000
Distribution at Disbursement (Est.)
Loans less than UGX 1,000,00040%
UGX 1,000,000-5,000,00030%
UGX 5,000,000-7,500,00030%
UGX 7,500,000-10,000,0000
UGX 10,000,000-13,000,0000
Greater than UGX 13,000,0000
Loan Term and Grace Period
Shortest loan term4.0 months
Longest loan term8.0 months
Approx average5.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months70%
Between 7 and 9 months30%
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeksx
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest24.46%
Highest quoted nominal interest26.92%
Reason(s) why interest rate variesDepende del sector donde estan ubicados los clientes que se determinan por nivel de pobreza de acuerdo a como lo establece el Sistema Nacional de Microfinanzas.\r\rTipo A los más pobres\rTipo B intermedios\rTipo C menos pobres
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
Ongoing Fees
Fee 1
DescriptionSeguro de desgravamen, Seguro de vida
% of loan amount - min1.90%
% of loan amount - max1.90%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Pricing Information

Interest
Lowest quoted nominal interest68.80%
Highest quoted nominal interest68.80%
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionDisbursement Fee
% of loan amount - min1.00%
% of loan amount - max2.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation1% for monthly, 2% for weekly & biweekly loans
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?No
Deposit BEFORE or AT Disbursement
% loan amount deposited10.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited1.00%
or, Fixed-amount deposited0
Conditions on access to depositAccess During
Interest Paid on Deposit
Minimum interest rate paid3.00%
Maximum interest rate paid3.00%
Interest payment frequencyMonthly
Taxes
Are taxes charged on this product?No
Additional Comments
The product depends on group solidality as the basic security

Full Pricing Data

Emergente samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountUSD 400USD 450USD 1,000USD 1,000
Loan Cycle (1, 2, 3, etc)2254
Disbursement Date2010-06-092010-06-302010-06-082010-06-03
Loan Term (Months)3.0 months4.0 months5.0 months4.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot Known
True Price by Comp       
Interest and Fee Component27.2%27.3%27.3%27.3%
Insurance Component2.8%2.7%3.0%2.9%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)30.0%30.0%30.3%30.2%
Transparency Index81828181
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF

Full Pricing Data

FINCA Village Group Loan samples
Loan Amount
Type of Sample
Disbursement Date
Loan Term (Months)
Grace Period (Months)
Total Cost of Credit
Full APR (int fee ins tax dep)
True Price by Component
Transparency Index
Original Repayment Schedule
MFT Pricing Calculation
Interest price component
Fee Component
Insurance Component
Tax Component
Deposit Component
UGX 1,000,000 Real 2014-11-13 6.0 months N/A UGX 220,003.33 84.3% 67.4% 3.6% 0.0% 0.0% 13.3% 82 PDF PDF
UGX 1,000,000 Generated 2015-02-01 6.0 months N/A UGX 210,745.21 84.8% 67.0% 3.7% 0.0% 0.0% 14.1% 81 - PDF
UGX 1,000,000 Real 2014-11-13 6.0 months N/A UGX 220,003.33 84.3% 67.4% 3.6% 0.0% 0.0% 13.3% 82 PDF PDF
UGX 1,000,000 Generated 2015-02-01 6.0 months N/A UGX 210,745.21 84.8% 67.0% 3.7% 0.0% 0.0% 14.1% 81 - PDF
UGX 350,000 Generated 2015-02-01 3.7 months N/A UGX 48,562.74 97.9% 68.0% 12.5% 0.0% 0.0% 17.4% 70 - PDF
UGX 675,000 Generated 2015-02-01 5.5 months N/A UGX 129,281.92 94.0% 68.0% 8.9% 0.0% 0.0% 17.1% 73 - PDF
UGX 1,800,000 Generated 2015-02-01 6.0 months N/A UGX 379,341.37 84.8% 67.0% 3.7% 0.0% 0.0% 14.1% 81 - PDF
UGX 4,500,000 Generated 2015-02-01 8.0 months N/A UGX 1,208,120.55 84.2% 67.0% 3.0% 0.0% 0.0% 14.2% 82 - PDF
UGX 6,000,000 Generated 2015-02-01 7.8 months N/A UGX 1,545,008.22 91.3% 68.0% 6.7% 0.0% 0.0% 16.6% 75 - PDF
Emergente Price Graphs


FINCA Village Group Loan Price Graphs


Caps / Zoom options
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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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