| Number borrowers | 50 |
| Loan Amount (range) | UGX 600,000 - 1,500,000 |
| Loan Term (range) | 10 |
| Other Services (text summary) | Group Mtgs, Business Training |
| Annual Interest & Method | 48.00% annual, Flat |
| Fees | 1.00% upfront |
| Insurance | None |
| Tax | None |
| Comp Dep | 10.00% upfront |
| Range of pricing | |
| Interest Price Component | 85.1% - 126.1% |
| Fee Component | 2.7% - 7.5% |
| Insurance Component | 0 |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 111.1% - 116.1% |
| Transparency Index (min/max) | 36 - 48 |
| Transparency Index (average) | 41 |
| 11,423 |
| MZN 5,000 - 103,093 |
| 4 - 12 |
| Credit Ins |
| 66.0% annual, Decl Bal |
| 1.72% ongoing |
| 1.28% ongoing |
| N/A fixed |
| N/A |
| 32.8% - 71.4% |
| 1.9% - 5.0% |
| 0 - 3.8% |
| 0 - 1.3% |
| 71.8% - 76.2% |
| 65 - 92 |
| 90 |
| Outstanding portfolio (UGX) | UGX 34,835,400 |
| Portfolio (USD) | USD 13,934 |
| Active Clients with Loans | 50 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 60% - 80% |
| Individual | |
| Solidarity group | |
| Village banking | x |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | |
| Group meetings | x |
| Credit insurance | |
| Workplace visits | |
| Business training | x |
| 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 | |
| Other | |
| Other (2) |
| # Regions for this institution | 1 |
| # Regions for this product | 1 |
| Regions Active | Central |
| Outstanding portfolio (MZN) | MZN 184,858,094 |
| Portfolio (USD) | USD 6,080,858.36 |
| Active Clients with Loans | 11,423 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 80% - 100% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | |
| Group meetings | |
| Credit insurance | x |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services |
| 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) |
| # Regions for this institution | 7 |
| # Regions for this product | 7 |
| Regions Active | Maputo Capital, Gaza, Sofala, Manica, Zambezia, Nampula, Tete |
| Currency | UGX |
| Minimum loan size | UGX 600,000 |
| Maximum loan size | 1,500,000 |
| Loans less than UGX 1,000,000 | 50% |
| UGX 1,000,000-5,000,000 | 50% |
| UGX 5,000,000-7,500,000 | 0 |
| UGX 7,500,000-10,000,000 | 0 |
| UGX 10,000,000-13,000,000 | 0 |
| Greater than UGX 13,000,000 | 0 |
| Shortest loan term | 10.0 months |
| Longest loan term | 10.0 months |
| Approx average | 10.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 100% |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 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 | MZN |
| Minimum loan size | MZN 5,000 |
| Maximum loan size | 103,093 |
| Loans less than MZN 5,000 | 10% |
| MZN 5,000-10,000 | 5% |
| MZN 10,000-20,000 | 20% |
| MZN 20,000-40,000 | 30% |
| MZN 40,000-60,000 | 10% |
| Greater than MZN 60,000 | 10% |
| Shortest loan term | 4.0 months |
| Longest loan term | 12.0 months |
| Approx average | 8.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 40% |
| Between 7 and 9 months | 30% |
| Between 10 and 12 months | 30% |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| 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 | 4.00% |
| Highest quoted nominal interest | 4.00% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Loan Appraisal Fee |
| % of loan amount - min | 1.00% |
| % of loan amount - max | 1.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | n/a |
| Appears on Repayment Sched? | No |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | No |
| Do borrowers control deposit in their group? | No |
| % loan amount deposited | 10.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | End Term |
| Minimum interest rate paid | 0 |
| Maximum interest rate paid | 0 |
| Interest payment frequency | N/A |
| Are taxes charged on this product? | No |
| Lowest quoted nominal interest | 5.50% |
| Highest quoted nominal interest | 5.50% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Taxa Administrativa |
| % of loan amount - min | 1.72% |
| % of loan amount - max | 1.72% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
| Ins 1 | |
|---|---|
| Description | InsuranceO cliente paga o seguro do credito que inclui funeral |
| % of loan amount - min | 1.28% |
| % of loan amount - max | 1.28% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
| 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? | Yes |
| Percentage of fees | 0 |
| All or some fees taxed | N/A |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | UGX 700,000 | UGX 800,000 | UGX 900,000 | UGX 900,000 | |||
| Loan Cycle (1, 2, 3, etc) | 3 | 3 | 5 | 5 | |||
| Disbursement Date | 2012-05-18 | 2012-05-10 | 2012-04-13 | 2012-03-01 | |||
| Loan Term (Months) | 9.0 months | 9.0 months | 9.0 months | 9.0 months | |||
| Grace Period (Months) | 0.2 months | 0.1 months | 0.1 months | 0.1 months | |||
| Total Cost of Credit | UGX 287,000 | UGX 328,000 | UGX 369,000 | UGX 369,000 | |||
| True Price by Comp | |||||||
| Interest price component | 90.8% | 94.5% | 93.0% | 94.5% | |||
| Fee Component | 2.9% | 3.1% | 3.0% | 3.1% | |||
| Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Deposit Component | 17.4% | 18.5% | 18.0% | 18.5% | |||
| Full APR (int fee ins tax dep) | 111.1% | 116.1% | 114.0% | 116.1% | |||
| Transparency Index | 43 | 41 | 42 | 41 | |||
| Original Repayment Schedule | |||||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | MZN 7,000 | MZN 13,000 | MZN 27,000 | MZN 39,000 | MZN 55,000 | MZN 65,000 | |||||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
| Disbursement Date | 2013-03-01 | 2013-04-17 | 2013-04-02 | 2013-04-16 | 2013-04-22 | 2013-04-05 | |||||
| Loan Term (Months) | 6.0 months | 9.0 months | 12.0 months | 7.0 months | 12.0 months | 12.0 months | |||||
| Grace Period (Months) | 0.0 months | 0.0 months | -0.2 months | 0.0 months | 0.0 months | 0.0 months | |||||
| Total Cost of Credit | MZN 1,698.44 | MZN 4,413.06 | MZN 11,482.37 | MZN 10,577 | MZN 24,430.07 | MZN 28,854.82 | |||||
| True Price by Comp | |||||||||||
| Interest price component | 66.1% | 66.1% | 66.1% | 66.1% | 67.4% | 67.0% | |||||
| Fee Component | 5.0% | 3.3% | 2.5% | 4.3% | 2.4% | 2.4% | |||||
| Insurance Component | 3.8% | 2.5% | 1.9% | 3.3% | 1.9% | 1.8% | |||||
| Tax Component | 1.3% | 1.3% | 1.3% | 1.3% | 1.3% | 1.3% | |||||
| Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
| Full APR (int fee ins tax dep) | 76.2% | 73.2% | 71.8% | 75.0% | 73.0% | 72.5% | |||||
| Transparency Index | 87 | 90 | 92 | 88 | 90 | 91 | |||||
| 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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