| Number borrowers | 14,000 |
| Loan Amount (range) | PHP 5,000 - 14,000 |
| Loan Term (range) | 3 - 6 |
| Other Services (text summary) | Credit Educ, Group Mtgs, Tech Asst Visits, Business Training, Other Training |
| Annual Interest & Method | 30.0% annual, Flat |
| Fees | None |
| Insurance | None |
| Tax | None |
| Comp Dep | 50.00 ongoing |
| Range of pricing | |
| Interest Price Component | N/A |
| Fee Component | 62.5% - 64.1% (Int+Fee) |
| Insurance Component | 0 - 22.1% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 67.0% - 71.2% |
| Transparency Index (min/max) | 26 - 46 |
| Transparency Index (average) | 43 |
| 3,000 |
| UGX 100,000 - 10,000,000 |
| 20 - 25 |
| Credit Educ |
| 24.0% annual, Flat |
| 1.00% upfront |
| 1,500.00 upfront |
| None |
| 10.0% upfront |
| N/A |
| 56.5% - 67.7% (Int+Fee) |
| 0.1% - 2.4% |
| 0 |
| 72.2% - 83.7% |
| 29 - 45 |
| 30 |
| Outstanding portfolio (PHP) | PHP 65,000,000 |
| Portfolio (USD) | USD 1,555,023.92 |
| Active Clients with Loans | 14,000 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 20% - 40% |
| Individual | |
| Solidarity group | x |
| Village banking | |
| Self help group | x |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| Credit insurance | |
| Workplace visits | x |
| Business training | x |
| Other training | x |
| Other | |
| Other (2) | |
| No other services |
| Men | x |
| Women | x |
| Must run a business | x |
| Must own a home or land | x |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Outstanding portfolio (UGX) | UGX 3,000,000,000 |
| Portfolio (USD) | USD 1,363,636.36 |
| Active Clients with Loans | 3,000 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | x |
| Income generation | |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | |
| Credit insurance | |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services |
| Men | |
| Women | x |
| Must run a business | |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Currency | PHP |
| Minimum loan size | PHP 5,000 |
| Maximum loan size | 14,000 |
| Shortest loan term | 3.0 months |
| Longest loan term | 6.0 months |
| Approx average | 0 |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | x |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Currency | UGX |
| Minimum loan size | UGX 100,000 |
| Maximum loan size | 10,000,000 |
| Shortest loan term | 20.0 months |
| Longest loan term | 25.0 months |
| Approx average | 22.0 months |
| Loans 3 months or less | N/A |
| Between 4 and 6 months | N/A |
| Between 7 and 9 months | N/A |
| Between 10 and 12 months | N/A |
| Between 13 and 18 months | N/A |
| Longer than 18 months | N/A |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | x |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 2.50% |
| Highest quoted nominal interest | 2.50% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | Yes |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | |
| Do borrowers control deposit in their group? |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | PHP 50 |
| Conditions on access to deposit | Access During |
| Minimum interest rate paid | 4.00% |
| Maximum interest rate paid | 5.00% |
| Interest payment frequency | Quarterly |
| Are taxes charged on this product? | No |
| Lowest quoted nominal interest | 24.00% |
| Highest quoted nominal interest | 24.00% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | N/A |
| Is rate fixed for entire loan term | N/A |
| Fee 1 | |
|---|---|
| Description | Loan Appraisal |
| % of loan amount - min | 1.00% |
| % of loan amount - max | 1.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | |
| Appears on Repayment Sched? | No |
| Ins 1 | |
|---|---|
| Description | Death Benefit |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 1,500 |
| Fixed amount - max | 1,500 |
| Reason for variation | |
| Appears on Repayment Sched? |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | |
| Do borrowers control deposit in their group? |
| % loan amount deposited | 10.00% - N/A |
| or, Fixed-amount deposited | 0 - N/A |
| % loan amount deposited | 0 - N/A |
| or, Fixed-amount deposited | 0 - N/A |
| Conditions on access to deposit |
| 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 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | PHP 7,000 | PHP 8,000 | PHP 11,000 | PHP 14,000 | |||
| Loan Cycle (1, 2, 3, etc) | 3 | 3 | 11 | 12 | |||
| Disbursement Date | 2011-07-21 | 2011-07-14 | 2011-07-07 | 2011-06-16 | |||
| Loan Term (Months) | 5.4 months | 5.4 months | 5.4 months | 5.4 months | |||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||
| Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | |||
| True Price by Comp | |||||||
| Interest and Fee Component | 62.5% | 64.1% | 62.5% | 63.2% | |||
| Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Deposit Component | 7.8% | 7.1% | 4.7% | 3.8% | |||
| Full APR (int fee ins tax dep) | 70.3% | 71.2% | 67.2% | 67.0% | |||
| Transparency Index | 43 | 42 | 45 | 45 | |||
| Original Repayment Schedule | |||||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | UGX 300,000 | UGX 700,000 | UGX 1,400,000 | ||
| Loan Cycle (1, 2, 3, etc) | 1 | 2 | 3 | ||
| Disbursement Date | 2012-04-04 | 2012-04-06 | 2012-04-13 | ||
| Loan Term (Months) | 4.7 months | 4.7 months | 4.7 months | ||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
| Total Cost of Credit | Not Known | Not Known | Not Known | ||
| True Price by Comp | |||||
| Interest and Fee Component | 56.5% | 61.7% | 67.6% | ||
| Insurance Component | 2.4% | 1.1% | 0.6% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 13.3% | 14.0% | 15.4% | ||
| Full APR (int fee ins tax dep) | 72.2% | 76.8% | 83.7% | ||
| Transparency Index | 33 | 31 | 29 | ||
| 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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