Vision Fund Uganda - Farmer's Pride Agricultural Loan - MFTransparency.org Truth In Lending Tables

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Institution

Vision Fund Uganda Plot 256, Block 28, Bombo RoadMakerere-KavuleKampala, CentralPO Box 24751

Data approved: 2012-10-04

Data version: 2

Age of data: 137 months

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Product

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Product Details

Key Statistics

Outstanding portfolio (UGX)	UGX 4,300,994,829
Portfolio (USD)	USD 1,720,398
Active Clients with Loans	8,026
Approximate % Female Clients	20% - 40%
Approximate % Urban Clients	0% - 20%

Methodology

Individual	x
Solidarity group
Village banking	x
Self help group
Other

Description

For both animal and crop production. Financing of farming inputs, working capital, farm implents, agricultural asset financing, feeds, infrastracture, purchase of bee hives, catch-nets, smokers and harvesters

Loan Purpose

Any purpose	x
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other	Related to Agriculture
Other (2)

Included Services

Credit education	x
Group meetings	x
Credit insurance
Workplace visits
Business training	x
Other training
Other
Other (2)
No other services

Eligibility

Men	x
Women	x
Must run a business	x
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 institution	3
# Regions for this product	3
Regions Active	Central, Eastern, Northern

Loan Conditions

Loan Amount

Currency	UGX
Minimum loan size	UGX 100,000
Maximum loan size	10,000,000

Distribution at Disbursement (Est.)

Loans less than UGX 1,000,000	20%
UGX 1,000,000-5,000,000	20%
UGX 5,000,000-7,500,000	20%
UGX 7,500,000-10,000,000	20%
UGX 10,000,000-13,000,000	20%
Greater than UGX 13,000,000	20%

Loan Term and Grace Period

Shortest loan term	3.0 months
Longest loan term	12.0 months
Approx average	6.0 months

Distribution at Disbursement (Est.)

Loans 3 months or less	0
Between 4 and 6 months	30%
Between 7 and 9 months	40%
Between 10 and 12 months	30%
Between 13 and 18 months	0
Longer than 18 months	0

Grace Period

Grace period usage	100%
Average grace period	2.0 months

Repayment Frequency

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

Pricing Information

Interest

Lowest quoted nominal interest	3.00%
Highest quoted nominal interest	3.00%
Interest rate period	Monthly
Interest Rate Calculation Method	Flat
Subsidized by funder request?	No
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1
Description	Administration 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	N/A
Appears on Repayment Sched?	Yes

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	Ins 1
Description	Credit Life Insurance
% of loan amount - min	1.25%
% of loan amount - max	1.25%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	N/A
Appears on Repayment Sched?	Yes

Ongoing Insurance Fees

This product has no ongoing insurance fees

Compulsory Deposit

Required for	All
Criteria	N/A
Is deposit indicated on the repayment schedule?	No
Do borrowers control deposit in their group?	No

Deposit BEFORE or AT Disbursement

% loan amount deposited	15.00%
or, Fixed-amount deposited	0

Deposits DURING period payments

% loan amount deposited	0
or, Fixed-amount deposited	0
Conditions on access to deposit	Final Pmt

Interest Paid on Deposit

Minimum interest rate paid	0
Maximum interest rate paid	0
Interest payment frequency	N/A

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Full Pricing Data

Farmer's Pride Agricultural Loan samples

	Sample 1	Sample 2	Sample 3	Sample 4	Sample 5
Loan Amount	UGX 300,000	UGX 700,000	UGX 1,500,000	UGX 3,000,000	UGX 9,500,000
Loan Cycle (1, 2, 3, etc)	2	2	5	4	4
Disbursement Date	2012-05-25	2012-04-10	2012-09-21	2012-07-12	2012-06-15
Loan Term (Months)	10.0 months	12.0 months	12.0 months	12.0 months	12.0 months
Grace Period (Months)	3.1 months	3.3 months	3.0 months	3.1 months	3.1 months
Total Cost of Credit	UGX 99,750	UGX 274,750	UGX 588,750	UGX 1,177,500	UGX 3,728,750
True Price by Comp
Interest price component	50.9%	50.6%	52.6%	52.3%	52.3%
Fee Component	4.0%	3.4%	3.6%	3.5%	3.5%
Insurance Component	2.6%	2.2%	2.2%	2.3%	2.3%
Tax Component	0.0%	0.0%	0.0%	0.0%	0.0%
Deposit Component	14.5%	14.2%	15.1%	14.9%	14.9%
Full APR (int fee ins tax dep)	72.0%	70.4%	73.5%	73.0%	73.0%
Transparency Index	50	51	49	49	49

Original Repayment Schedule	PDF	PDF	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF	PDF	PDF

Farmer's Pride Agricultural Loan Price Graphs

Click to view Price Analysis Tool

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
KBL	468,300	120,082,000	16	107
KF	233,600	41,416,000	4	106
NRSP	399,900	70,157,000	3	107
ASA	230,400	29,637,000	3	107
TMFB	221,200	85,449,000	7	107
FMFB	163,544	38,481,323	9	125
TRDP	100,000	13,817,000	3	107
PRSP	75,656	9,907,176	3	125
BRAC^P	57,300	11,869,000	3	107
SRSO	51,100	7,775,000	3	107
SSF	46,000	4,776,000	3	107
FINCA	82,000	43,559,000	9	107
JWS	36,000	6,545,000	2	107
RCDS	35,552	4,856,122	4	125
DAMEN	35,185	7,150,864	1	125
FFO	22,400	3,335,000	3	107
OLP	21,400	3,510,000	3	107
CSC	17,600	3,147,000	1	107
AMRDO	13,800	1,206,000	5	107
WMBL	13,800	6,105,000	3	107
Mojaz	13,400	2,415,000	2	107
SDF	11,500	1,041,000	4	107
POMFB	8,500	2,795,000	4	107
OPD	7,500	918,000	2	107
AGAHE	7,300	797,000	2	107
NRDP	6,184	1,521,972	3	125
GBTI	6,100	669,000	3	125
WASIL	4,300	1,135,000	2	107
Micro Options	4,000	768,000	5	107
VDO	3,900	489,000	3	125
SVDP	3,900	811,000	13	125
SRDO	3,500	766,000	4	107
OSDI	2,000	923,000	3	107
APMBL	1,800	1,401,000	3	107
BEDF	1,400	209,000	3	125
KCDO	800	94,000	1	125

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

	X Axis
	Greater than:
	Less or equal to:
N (# of Samples)
Total Borrrowers of Samples


Avg
Min
Max
Std Dev

By Inst Type


By Country

	X Axis
	Greater than:
	Less or equal to:
	From 0 to
	to
	to
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Institution

Product

Product Details

Key Statistics

Methodology

Description

Loan Purpose

Included Services

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

Loan Conditions

Loan Amount

Distribution at Disbursement (Est.)

Loan Term and Grace Period

Distribution at Disbursement (Est.)

Grace Period

Repayment Frequency

Pricing Information

Interest

Upfront Fees

Ongoing Fees

Upfront Insurance Fees

Ongoing Insurance Fees

Compulsory Deposit

Deposit BEFORE or AT Disbursement

Deposits DURING period payments

Interest Paid on Deposit

Taxes

Full Pricing Data

Farmer's Pride Agricultural Loan samples

Farmer's Pride Agricultural Loan Price Graphs

Total Borrowers of Samples

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