| Number borrowers | 442 |
| Loan Amount (range) | UGX 700,000 - 2,000,000 |
| 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 | 90000.00 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) | 99.0% - 109.5% |
| Transparency Index (min/max) | 36 - 48 |
| Transparency Index (average) | 45 |
| 95 |
| UGX 500,000 - 625,000,000 |
| 4 - 60 |
| Credit Educ, Credit Ins |
| 24.00% annual, Decl Bal |
| 3 fees |
| 1.10% upfront |
| None |
| N/A |
| 28.2% - 55.7% |
| 1.8% - 17.9% |
| 0.8% - 5.2% |
| 0 |
| 44.8% - 46.8% |
| 27 - 69 |
| 52 |
| Outstanding portfolio (UGX) | UGX 117,905,900 |
| Portfolio (USD) | USD 47,162 |
| Active Clients with Loans | 442 |
| 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 (UGX) | UGX 4,131,125,941 |
| Portfolio (USD) | USD 1,588,894.59 |
| Active Clients with Loans | 95 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 40% - 60% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | x |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| 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 | |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | Schools & Companies are also eligible. |
| Other (2) |
| # Regions for this institution | 3 |
| # Regions for this product | 3 |
| Regions Active | Central, Eastern, Western |
| Currency | UGX |
| Minimum loan size | UGX 700,000 |
| Maximum loan size | 2,000,000 |
| 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 | UGX |
| Minimum loan size | UGX 500,000 |
| Maximum loan size | 625,000,000 |
| Loans less than UGX 1,000,000 | 10% |
| UGX 1,000,000-5,000,000 | 10% |
| UGX 5,000,000-7,500,000 | 10% |
| UGX 7,500,000-10,000,000 | 10% |
| UGX 10,000,000-13,000,000 | 10% |
| Greater than UGX 13,000,000 | 10% |
| Shortest loan term | 4.0 months |
| Longest loan term | 60.0 months |
| Approx average | 36.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 10% |
| Between 7 and 9 months | 10% |
| Between 10 and 12 months | 10% |
| Between 13 and 18 months | 10% |
| Longer than 18 months | 60% |
| Grace period usage | 10% |
| Average grace period | 2.0 months |
| Daily | |
| Weekly | |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | |
| Every 2 months | |
| Quarterly | x |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments | x |
| 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 | 0 |
| or, Fixed-amount deposited | UGX 90,000 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | End Term |
| Minimum interest rate paid | 1.00% |
| Maximum interest rate paid | 3.00% |
| Interest payment frequency | Annually |
| Are taxes charged on this product? | No |
| Lowest quoted nominal interest | 24.00% |
| Highest quoted nominal interest | 24.00% |
| Reason(s) why interest rate varies | Loan Size |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | No |
| Fee 1 | Fee 2 | ||
|---|---|---|---|
| Description | Loan Processing Fee | Loan Application Fee | |
| % of loan amount - min | 2.00% | 0 | |
| % of loan amount - max | 2.00% | 0 | |
| OR, Fixed amount - min | 0 | 20,000 | |
| Fixed amount - max | 0 | 50,000 | |
| Reason for variation | N/A | 20,000 for loans up to 50M & 50,000 for loans over 50M. | |
| Appears on Repayment Sched? | No | No |
| Fee 1 | |
|---|---|
| Description | Monitoring Fee |
| % of loan amount - min | 0.50% |
| % of loan amount - max | 1.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | 1% for loans up to 50M & 0.5% for loans over 50M. |
| Appears on Repayment Sched? | No |
| Ins 1 | |
|---|---|
| Description | Insurance Fee |
| % of loan amount - min | 1.10% |
| % of loan amount - max | 1.10% |
| 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? | No |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | UGX 800,000 | UGX 980,000 | UGX 1,340,000 | UGX 1,340,000 | |||
| Loan Cycle (1, 2, 3, etc) | 4 | 4 | 5 | 5 | |||
| Disbursement Date | 2011-12-07 | 2012-05-12 | 2012-05-05 | 2012-04-02 | |||
| Loan Term (Months) | 10.0 months | 9.0 months | 9.0 months | 10.0 months | |||
| Grace Period (Months) | 0.2 months | 0.2 months | 0.2 months | 0.5 months | |||
| Total Cost of Credit | UGX 328,000 | UGX 401,800 | UGX 549,400 | UGX 549,400 | |||
| True Price by Comp | |||||||
| Interest price component | 85.1% | 90.8% | 90.8% | 86.1% | |||
| Fee Component | 2.7% | 2.9% | 2.9% | 2.7% | |||
| Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Deposit Component | 18.3% | 15.8% | 11.1% | 10.2% | |||
| Full APR (int fee ins tax dep) | 106.1% | 109.5% | 104.8% | 99.0% | |||
| Transparency Index | 45 | 44 | 46 | 48 | |||
| Original Repayment Schedule | |||||||
| MFT Pricing Calculation |
| Sample 3 | Sample 4 | Sample 5 | |||
|---|---|---|---|---|---|
| Loan Amount | UGX 5,000,000 | UGX 5,000,000 | UGX 9,000,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2012-06-14 | 2012-12-13 | 2012-09-10 | ||
| Loan Term (Months) | 12.0 months | 12.0 months | 16.0 months | ||
| Grace Period (Months) | 1.0 month | 1.0 month | 1.1 months | ||
| Total Cost of Credit | UGX 1,703,367 | UGX 1,630,971 | UGX 3,814,628 | ||
| True Price by Comp | |||||
| Interest price component | 41.3% | 39.4% | 41.1% | ||
| Fee Component | 3.9% | 3.8% | 2.9% | ||
| Insurance Component | 1.6% | 1.6% | 1.3% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 0.0% | 0.0% | 0.0% | ||
| Full APR (int fee ins tax dep) | 46.8% | 44.8% | 45.3% | ||
| Transparency Index | 51 | 54 | 53 | ||
| 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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