2. FFO
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  2. UGAFODE
Please note that the information you are viewing is 137 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Farmers Friend Organization 29-A Civil Lines, Opposite Mezan Bank, Sargodha RoadSheikhupura, Punjab39350
Data approved: 2015-05-12
Data version: 2
Age of data: 107 months
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Institution

UGAFODE Microfinance Limited (MDI) Plot 62, Bombo RdKampala, Uganda
Data approved: 2012-11-14
Data version: 2
Age of data: 137 months
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Product

Principle Loan Village Banking Product 3 of 3 « Prev | Next »

Product

Micro Business Group Loan Product 9 of 9 « Prev | Next »

Product Summary

Number borrowers9,912
Loan Amount (range)PKR 15,000 - 75,000
Loan Term (range)12
Other Services (text summary)Group Mtgs, Credit Ins
Annual Interest & Method20.0% annual, Flat
Fees5.00% upfront
InsuranceNone
TaxNone
Comp Dep5.0% upfront
Range of pricing 
Interest Price Component34.4% - 34.6%
Fee Component10.0%
Insurance Component0
Tax Component Range0
Full APR (int fee ins tax dep)48.9%
Transparency Index (min/max)36 - 41
Transparency Index (average)41

Product Summary

2,360
UGX 100,000 - 5,000,000
3 - 24
Group Mtgs, Credit Ins
36.00% annual, Flat
2 fees
0.85% upfront
None
10.00% upfront
 
21.0% - 59.5%
1.4% - 27.1%
1.2% - 4.5%
0
80.2% - 99.8%
36 - 96
41

Product Details

Key Statistics
Outstanding portfolio (PKR)PKR 146,739,083
Portfolio (USD)USD 1,440,977.80
Active Clients with Loans9,912
Approximate % Female Clients80% - 100%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity groupx
Village bankingx
Self help group
Other
Description
This product is available for the community of vilages. It can be given in groups as well as to individual males and females
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetingsx
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other servicesx
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 institution1
# Regions for this product1
Regions ActivePunjab

Product Details

Key Statistics
Outstanding portfolio (UGX)UGX 851,393,941.40
Portfolio (USD)USD 340,558
Active Clients with Loans2,360
Approximate % Female Clients40% - 60%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Short term loans to micro business entrepreneurs with regular repayments ranging from minimum UGX 100,000 to 5,000,000, purposely to meet their working capital needs for group clients.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
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 group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution2
# Regions for this product2
Regions ActiveCentral, Western

Loan Conditions

Loan Amount
CurrencyPKR
Minimum loan sizePKR 15,000
Maximum loan size75,000
Distribution at Disbursement (Est.)
Loans less than PKR 10,0000
PKR 10,000-25,00060%
PKR 25,000-50,00030%
PKR 50,000-75,00010%
PKR 75,000-150,0000
Greater than PKR 150,0000
Loan Term and Grace Period
Shortest loan term12.0 months
Longest loan term12.0 months
Approx average12.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months100%
Between 13 and 18 months0
Longer than 18 months0
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

Loan Conditions

Loan Amount
CurrencyUGX
Minimum loan sizeUGX 100,000
Maximum loan size5,000,000
Distribution at Disbursement (Est.)
Loans less than UGX 1,000,00080%
UGX 1,000,000-5,000,00020%
UGX 5,000,000-7,500,0000
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 term3.0 months
Longest loan term24.0 months
Approx average8.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months30%
Between 7 and 9 months50%
Between 10 and 12 months20%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
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 interest20.00%
Highest quoted nominal interest20.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min5.00%
% of loan amount - max5.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
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?Yes
Do borrowers control deposit in their group?No
Deposit BEFORE or AT Disbursement
% loan amount deposited5.00%
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 paid10.00%
Maximum interest rate paid10.00%
Interest payment frequencyMonthly
Taxes
Are taxes charged on this product?No

Pricing Information

Interest
Lowest quoted nominal interest3.00%
Highest quoted nominal interest3.00%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionLoan Application Fee & Stamp DutyLoan Commission
% of loan amount - min02.00%
% of loan amount - max02.00%
OR, Fixed amount - min10,0000
Fixed amount - max15,0000
Reason for variationAp Fee = 10,000. Stamp Duty = 5,000 for loans > 2MN/A
Appears on Repayment Sched?NoNo
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionLoan Insurance Premium
% of loan amount - min0.85%
% of loan amount - max0.85%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
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?Yes
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

Principle Loan Village Banking 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
PKR 15,000 Generated 2015-06-01 12.0 months N/A PKR 3,758.22 48.9% 34.6% 10.0% 0.0% 0.0% 4.3% 41 - PDF
PKR 18,000 Generated 2015-06-01 12.0 months N/A PKR 4,509.86 48.9% 34.6% 10.0% 0.0% 0.0% 4.3% 41 - PDF
PKR 20,000 Generated 2015-06-01 12.0 months N/A PKR 5,010.96 48.9% 34.6% 10.0% 0.0% 0.0% 4.3% 41 - PDF
PKR 23,000 Generated 2015-06-01 12.0 months N/A PKR 5,762.60 48.9% 34.6% 10.0% 0.0% 0.0% 4.3% 41 - PDF
PKR 25,000 Generated 2015-06-01 12.0 months N/A PKR 6,263.70 48.9% 34.6% 10.0% 0.0% 0.0% 4.3% 41 - PDF
PKR 35,000 Generated 2015-06-01 12.0 months N/A PKR 8,769.18 48.9% 34.6% 10.0% 0.0% 0.0% 4.3% 41 - PDF
PKR 45,000 Generated 2015-06-01 12.0 months N/A PKR 11,274.66 48.9% 34.6% 10.0% 0.0% 0.0% 4.3% 41 - PDF
PKR 65,000 Generated 2015-06-01 12.0 months N/A PKR 16,285.62 48.9% 34.6% 10.0% 0.0% 0.0% 4.3% 41 - PDF

Full Pricing Data

Micro Business Group Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountUGX 250,000UGX 800,000UGX 1,500,000UGX 2,500,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2012-11-122012-11-132012-10-222012-10-23
Loan Term (Months)6.0 months6.0 months10.0 months10.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditUGX 62,125UGX 176,800UGX 502,750UGX 836,250
True Price by Comp       
Interest price component58.2%58.2%59.5%59.4%
Fee Component22.4%11.9%6.4%6.3%
Insurance Component3.3%3.2%2.1%2.0%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component15.9%13.6%12.5%12.5%
Full APR (int fee ins tax dep)99.8%86.9%80.5%80.2%
Transparency Index36414545
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
Principle Loan Village Banking Price Graphs


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Micro Business Group Loan Price Graphs


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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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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X Axis
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Total Borrowers of Samples

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