Institution Type | Non-Governmental Organization |
Is this institution regulated? | Yes |
Website address | http://www.opportunitybank.co.ug |
Year established | 1995 |
Head of Institution | Andre Lalumiere |
Regions active | Central, Eastern, Western |
# Branches | 15 |
Total Portfolio (nat'l) | UGX 35,258,199,073 |
Total Portfolio (USD) | USD 13,560,845.80 |
Active clients with loans | 23,734 |
Approximate % female clients | 40% - 60% |
Approximate % urban clients | 20% - 40% |
Network affiliations | Opportunity International, AMFIU |
Funders | Opportunity International |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Solidarity Group Loan | UGX 50,000 - 5,000,000 | 4 - 12 | 60% - 80% | 40% - 60% | Business, Housing, Education | Women, Men, Have business | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training, Consumer Financial Education | |||||||
School Fee Loan - Group | UGX 100,000 - 3,000,000 | 3 - 6 | 60% - 80% | 40% - 60% | Education | Women, Men, Have business | Group Mtgs, Credit Ins, Tech Asst Visits, Business Training | |||||||
School Fee Loan - Individual | UGX 500,000 - 5,000,000 | 3 - 6 | 60% - 80% | 40% - 60% | Education | Women, Men, Have business | Credit Educ, Credit Ins, Tech Asst Visits, Business Training | |||||||
Agriculture Loan - Group | UGX 100,000 - 15,000,000 | 3 - 24 | 40% - 60% | 40% - 60% | Business | Women, Men, Have business | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training | |||||||
Agriculture Loan - Individual | UGX 500,000 - 625,000,000 | 3 - 60 | 40% - 60% | 40% - 60% | Business | Women, Men, Have business | Credit Educ, Credit Ins, Tech Asst Visits, Business Training | |||||||
Asset Financing Loan | UGX 500,000 - 625,000,000 | 6 - 60 | 40% - 60% | 40% - 60% | Any Purpose | Women, Men | Credit Educ, Credit Ins, Tech Asst Visits, Business Training | |||||||
Salary Loan | UGX 500,000 - 20,000,000 | 3 - 36 | 40% - 60% | 40% - 60% | Consumer | Women, Men, Salaried worker | Credit Educ, Credit Ins | |||||||
Education Loan | UGX 500,000 - 625,000,000 | 4 - 60 | 40% - 60% | 40% - 60% | Education | Women, Men, Schools & Companies are also eligible. | Credit Educ, Credit Ins | |||||||
Business Loan | UGX 500,000 - 625,000,000 | 4 - 36 | 40% - 60% | 40% - 60% | Business | Women, Men, Have business | Credit Ins |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Solidarity Group Loan | 27.00%-30.00% annual, Flat | 2 Fees | 1 Ins | None | 15.00% upfront | 51.9% - 70.1% | 69.8% - 100.3% | 32 | ||||||||
School Fee Loan - Group | 30.00% annual, Flat | 2 Fees | 1 Ins | None | 15.00% upfront | 65.3% - 72.4% | 93% - 103.1% | 30 | ||||||||
School Fee Loan - Individual | 24.00% annual, Decl Bal | 3 Fees | 1 Ins | None | N/A | 48.6% - 58.6% | 50.7% - 62.3% | 43 | ||||||||
Agriculture Loan - Group | 27.00%-30.00% annual, Flat | 2 Fees | 1 Ins | None | 15.00% upfront | 32.9% - 61.6% | 39% - 86.6% | 50 | ||||||||
Agriculture Loan - Individual | 24.00% annual, Decl Bal | 3 Fees | 1 Ins | None | 15.00% upfront | 45.6% - 59.2% | 59.8% - 82.1% | 33 | ||||||||
Asset Financing Loan | 24.00% annual, Decl Bal | 3 Fees | 1 Ins | None | N/A | 43.7% - 53.2% | 44.9% - 56.4% | 47 | ||||||||
Salary Loan | 24.00% annual, Decl Bal | 3 Fees | 1 Ins | None | N/A | 43.8% - 55.1% | 44.7% - 58.4% | 47 | ||||||||
Education Loan | 24.00% annual, Decl Bal | 3 Fees | 1 Ins | None | N/A | 43.2% - 45.2% | 44.8% - 46.8% | 52 | ||||||||
Business Loan | 24.00% annual, Decl Bal | 3 Fees | 1 Ins | None | N/A | 40.3% - 58.8% | 42.3% - 62.7% | 47 |
Outstanding portfolio (INR) | INR 401,868,015 |
Portfolio (USD) | USD 8,930,400 |
Active Clients with Loans | 43,209 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 0% - 20% |
Individual | x |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | Income Genration |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | |
Workplace visits | x |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services |
Men | |
Women | x |
Must run a business | x |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | x |
Household income <60,000 INR | |
Household income <120,000 INR | |
Must live in rural area | |
Must lives in urban area | |
Other | 21-55 |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Currency | INR |
Minimum loan size | INR 6,000 |
Maximum loan size | 18,000 |
Shortest loan term | 12.0 months |
Longest loan term | 14.0 months |
Approx average | 14.0 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 | x |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 25.90% |
Highest quoted nominal interest | 25.90% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | N/A |
Is rate fixed for entire loan term | Yes |
Ins 1 | Ins 2 | ||
---|---|---|---|
Description | Processing fees and Insurance fees | 1% of loan disbursed where both the borrower as well as guarantors are covered. The fees is entirely paid to insurance company as insurance premium and the company doesnot retain any administrative fees | |
% of loan amount - min | 1.00% | 1.00% | |
% of loan amount - max | 1.00% | 1.00% | |
OR, Fixed amount - min | 0 | 0 | |
Fixed amount - max | 0 | 0 | |
Reason for variation | |||
Appears on Repayment Sched? | Yes | Yes |
Required for | Never |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | N/A |
Do borrowers control deposit in their group? | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
Conditions on access to deposit | N/A |
Minimum interest rate paid | N/A |
Maximum interest rate paid | N/A |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
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% Products with compulsory deposits |
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