| Institution Type | Private 'For-Profit' |
| Is this institution regulated? | N/A |
| Website address | N/A |
| Year established | 2003 |
| Head of Institution | Charles Isingoma |
| Regions active | 0 |
| # Branches | 5 |
| Total Portfolio (nat'l) | UGX 7,921,352,553 |
| Total Portfolio (USD) | USD 3,600,614.80 |
| Active clients with loans | 17,248 |
| Approximate % female clients | 40% - 60% |
| Approximate % urban clients | 0% - 20% |
| Network affiliations | AMFIU, AMT, MFI Upgrading Initiative |
| Funders | TRIPPLE JUMP, OIKOCREDIT, TRIAS, CRS |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Agriculture Loan | UGX 50,000 - 15,000,000 | 6 - 12 | 60% - 80% | 20% - 40% | ||||||||||
| Individual Loan | UGX 500,000 - 10,000,000 | 6 - 24 | 20% - 40% | 20% - 40% | ||||||||||
| Salary Loan | UGX 250,000 - 10,000,000 | 6 - 12 | 20% - 40% | 20% - 40% | ||||||||||
| School Fees Loan | UGX 700,000 - 1,500,000 | 6 - 8 | 20% - 40% | 20% - 40% | ||||||||||
| Solidarity Group Loan | UGX 200,000 - 500,000 | 4 - 12 | 60% - 80% | 40% - 60% | ||||||||||
| Village Bank Loan | UGX 50,000 - 5,000,000 | 4 - 12 | 40% - 60% | 0% - 20% |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Agriculture Loan | 27.60% annual, Flat | 1 Fee | 0 Ins | 0% - 54.6% | 47.9% - 93.5% | 40 | ||||||||||
| Individual Loan | 27.60% annual, Flat | 1 Fee | 0 Ins | N/A | 0% - 52.5% | 53.4% - 55.5% | 51 | |||||||||
| Salary Loan | 24.00% annual, Flat | 1 Fee | 1 Ins | N/A | 43% - 46.5% | 44.2% - 49.5% | 52 | |||||||||
| School Fees Loan | 24.00% annual, Flat | 1 Fee | 0 Ins | N/A | 56.5% - 58.2% | 60.3% - 62.1% | 39 | |||||||||
| Solidarity Group Loan | 30.00% annual, Flat | 1 Fee | 1 Ins | 66.5% - 68.9% | 119.6% - 126.5% | 24 | ||||||||||
| Village Bank Loan | 30.00% annual, Flat | 1 Fee | 0 Ins | 25.7% - 66.6% | 39.7% - 119.8% | 35 |
| Outstanding portfolio (UGX) | UGX 350,329,877 |
| Portfolio (USD) | USD 159,241 |
| Active Clients with Loans | 1,278 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 40% - 60% |
| Individual | |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | x |
| Agriculture | |
| Education | x |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| Credit insurance | |
| Workplace visits | x |
| Business training | x |
| Other training | |
| 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 |
| Currency | UGX |
| Minimum loan size | UGX 200,000 |
| Maximum loan size | 500,000 |
| Shortest loan term | 4.0 months |
| Longest loan term | 12.0 months |
| Approx average | 8.0 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 | |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | x |
| 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? | N/A |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Application fee |
| % of loan amount - min | 2.00% |
| % of loan amount - max | 2.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | |
| Appears on Repayment Sched? | No |
| Ins 1 | |
|---|---|
| Description | Life Insurance |
| % 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? |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | |
| Do borrowers control deposit in their group? |
| % loan amount deposited | 20.00% - N/A |
| or, Fixed-amount deposited | 0 - N/A |
| % loan amount deposited | 10.00% - 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 | ||
|---|---|---|---|
| Loan Amount | UGX 250,000 | UGX 300,000 | |
| Loan Cycle (1, 2, 3, etc) | 1 | 4 | |
| Disbursement Date | 2012-09-17 | 2012-09-17 | |
| Loan Term (Months) | 4.0 months | 6.0 months | |
| Grace Period (Months) | 0.0 months | 0.0 months | |
| Total Cost of Credit | Not Known | Not Known | |
| True Price by Comp | |||
| Interest and Fee Component | 68.9% | 66.5% | |
| Insurance Component | 6.3% | 4.4% | |
| Tax Component | 0.0% | 0.0% | |
| Deposit Component | 51.3% | 48.7% | |
| Full APR (int fee ins tax dep) | 126.5% | 119.6% | |
| Transparency Index | 24 | 25 | |
| Original Repayment Schedule | |||
| MFT Pricing Calculation |
| Key Statistics | |
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| # 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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