Please note that the information you are viewing is 97 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Eshet MFI Head OfficeAddis AbabaPO Box 23923
Data approved: 2011-12-23
Data version: 1
Age of data: 97 months

Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addressN/A
Year established2000
Head of InstitutionMerga Bekele
Regions active
# Branches12

Total Portfolio (nat'l)ETB 44,028,216
Total Portfolio (USD)USD 2,392,837.83
Active clients with loans24,199
Approximate % female clients20% - 40%
Approximate % urban clients0% - 20%
Network affiliationsAEMFI, MAIN
FundersRUFIP, Oxfam Novib

Loan Products » Summary

1,827 Borrowers
USD 167,498.64 Portfolio
Active Product
528 Borrowers
USD 143,570.27 Portfolio
Active Product
16,472 Borrowers
USD 2,081,768.91 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Business Loan ETB 500 - 7,500 6 - 18 40% - 60% 80% - 100% Business Women, Men Credit Educ, Group Mtgs, Credit Ins
Employee Loan ETB 500 - 10,000 6 - 18 20% - 40% 80% - 100% Any Purpose Women, Men, Salaried worker Credit Ins
Rural Agricultural Loan ETB 500 - 7,500 6 - 12 20% - 40% 0% - 20% Business, Agriculture Women, Men 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 18.0% annual, Flat 0 Fees 1 Ins None 5.0% upfront 10.00 ongoing 31.2% - 32.3% 35.8% - 37.7% 49
Employee Loan 15.0% annual, Flat 0 Fees 1 Ins None N/A 26.4% - 27.5% 28.4% - 29.9% 51
Rural Agricultural Loan 24.0% annual, Flat 0 Fees 1 Ins None 5.0% upfront 10.00 ongoing 24.1% 26.6% - 26.8% 89
Institution Price Graph
Please note that the information you are viewing is 84 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: 84 months

Product

Myc4 Loan Product 2 of 2 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (UGX)UGX 3,118,674,664
Portfolio (USD)USD 1,247,470
Active Clients with Loans610
Approximate % Female Clients20% - 40%
Approximate % Urban Clients60% - 80%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Loans offered in partnership with Myc4 (https://www.myc4.com ). Through this arrangement, loan applications are put on an online platform and interested investors provide funding to the clients.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurance
Workplace visitsx
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 group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution3
# Regions for this product1
Regions ActiveCentral

Loan Conditions

Loan Amount
CurrencyUGX
Minimum loan sizeUGX 1,000,000
Maximum loan size30,000,000
Distribution at Disbursement (Est.)
Loans less than UGX 1,000,0000
UGX 1,000,000-5,000,00015%
UGX 5,000,000-7,500,00015%
UGX 7,500,000-10,000,00015%
UGX 10,000,000-13,000,00015%
Greater than UGX 13,000,00015%
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term24.0 months
Approx average12.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months15%
Between 7 and 9 months5%
Between 10 and 12 months60%
Between 13 and 18 months5%
Longer than 18 months15%
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
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 interest25.00%
Highest quoted nominal interest36.00%
Reason(s) why interest rate variesLoan Size, Depends on the investor who is funding the client.
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?Yes
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionLoan CommissionLoan Application Fee & Registration Fee
% of loan amount - min4.00%0
% of loan amount - max6.00%0
OR, Fixed amount - min015,000
Fixed amount - max035,000
Reason for variation6% for loans 500,000 to 5M, 4% for loans above 5M5000 stamp duty, 10000 for existing client, 30000 for new clients
Appears on Repayment Sched?YesYes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionLoan Insurance
% of loan amount - min1.00%
% of loan amount - max1.50%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation1% for loans < 12 months, 1.5% for loans > 12 months
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forSome
CriteriaRequired 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 deposited10.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid0
Maximum interest rate paid0
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Full Pricing Data

Myc4 Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountUGX 1,418,397.12UGX 3,141,242.50UGX 6,023,052UGX 9,576,215UGX 10,799,556
Loan Cycle (1, 2, 3, etc)12322
Disbursement Date2012-05-282012-05-312012-03-072012-05-312012-02-21
Loan Term (Months)10.0 months12.0 months12.0 months12.0 months18.0 months
Grace Period (Months)0.2 months0.1 months0.2 months0.1 months0.1 months
Total Cost of CreditUGX 364,502.13UGX 880,553.76UGX 1,593,608.94UGX 2,850,957.85UGX 3,812,096.20
True Price by Comp         
Interest price component32.5%34.6%32.4%37.8%31.7%
Fee Component19.8%12.9%12.4%12.3%8.6%
Insurance Component2.5%2.1%2.1%2.1%2.2%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component11.0%9.8%9.3%10.2%8.4%
Full APR (int fee ins tax dep)65.8%59.4%56.2%62.4%50.9%
Transparency Index3842444049
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF
Myc4 Loan Price Graphs


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% Products with one or more insurances
% Products with compulsory deposits
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