2. FINCA-UGA
Please note that the information you are viewing is 111 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. SAO
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

FINCA Uganda Limited Plot 22 Ben Kiwanuka StreetKampalaPO Box 24450
Data approved: 2014-11-19
Data version: 3
Age of data: 111 months
Choose version

Institution

SAO - Kampala SACCO KalrweKampala, Central RegionPO Box 36809
Data approved: 2012-11-22
Data version: 2
Age of data: 137 months
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Product

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

Product

Business Loan Product 1 of 1 « Prev | Next »

Product Summary

Number borrowers31,375
Loan Amount (range)UGX 50,000 - 10,000,000
Loan Term (range)4 - 8
Other Services (text summary)Credit Educ, Group Mtgs, Credit Ins
Annual Interest & Method68.8% annual, Decl Bal
Fees1.00%-2.00% upfront
InsuranceNone
TaxNone
Comp Dep10.0% upfront 1.00% ongoing
Range of pricing 
Interest Price Component27.7% - 68.4%
Fee Component2.2% - 12.5%
Insurance Component0 - 1.1%
Tax Component Range0
Full APR (int fee ins tax dep)84.2% - 97.9%
Transparency Index (min/max)59 - 83
Transparency Index (average)78

Product Summary

204
UGX 100,000 - 7,000,000
4 - 12
Credit Educ, Credit Ins, Tech Asst Visits, Business Training
30.00% annual, Flat
2 fees
1.00% upfront
None
20.00% upfront
 
43.3% - 50.5%
4.2% - 16.3%
2.1% - 5.1%
0
81.7% - 95.6%
31 - 37
34

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

Product Details

Key Statistics
Outstanding portfolio (UGX)UGX 156,918,900
Portfolio (USD)USD 62,768
Active Clients with Loans204
Approximate % Female Clients40% - 60%
Approximate % Urban Clients80% - 100%
Methodology
Individualx
Solidarity groupx
Village banking
Self help group
Other
Description
Loan for trade and business expansion.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household financex
Other
Other (2)
Included Services
Credit educationx
Group meetings
Credit insurancex
Workplace visitsx
Business trainingx
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 institution1
# Regions for this product1
Regions ActiveCentral

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

Loan Conditions

Loan Amount
CurrencyUGX
Minimum loan sizeUGX 100,000
Maximum loan size7,000,000
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 term12.0 months
Approx average4.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months5%
Between 7 and 9 months90%
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months5%
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 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

Pricing Information

Interest
Lowest quoted nominal interest2.50%
Highest quoted nominal interest2.50%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?Yes
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionLoan Processing FeeLoan Application Fee
% of loan amount - min2.00%0
% of loan amount - max2.00%0
OR, Fixed amount - min03,000
Fixed amount - max03,000
Reason for variationN/AN/A
Appears on Repayment Sched?NoYes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionCredit Insurance
% of loan amount - min1.00%
% of loan amount - max1.00%
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 deposited20.00%
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

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

Full Pricing Data

Business Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountUGX 200,000UGX 600,000UGX 1,500,000UGX 300,000UGX 7,000,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known0
Disbursement Date2012-08-162012-07-172012-08-062012-08-032012-02-01
Loan Term (Months)4.1 months6.0 months10.0 months4.0 months12.0 months
Grace Period (Months)0.3 months0.1 months0.6 months0.1 months0.0 months
Total Cost of CreditUGX 29,000UGX 111,000UGX 423,000UGX 42,000UGX 2,313,000
True Price by Comp         
Interest price component43.3%47.4%49.2%46.4%50.5%
Fee Component16.3%8.8%5.0%15.0%4.2%
Insurance Component4.8%3.6%2.4%5.1%2.1%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component26.0%26.7%25.1%29.1%25.5%
Full APR (int fee ins tax dep)90.4%86.5%81.7%95.6%82.3%
Transparency Index3335373136
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF
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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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