Please note that the information you are viewing is 136 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
Please note that the information you are viewing is 136 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Wakiso Self Help Co-operative Savings and Credit Society Ltd Lufuka ZoneOpposite Samuel Junior SchoolKampala, CentralPO Box 26284
Data approved: 2012-11-13
Data version: 2
Age of data: 136 months

Institution

Wakiso Self Help Co-operative Savings and Credit Society Ltd Lufuka Zone, Opposite Samuel Junior SchoolP. O. Box 26284Kampala, Central256
Data approved: 2011-06-29
Data version: 1
Age of data: -   months 

Product

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Product

Business Loans Product 1 of 1 « Prev | Next »

Product Summary

Number borrowers513
Loan Amount (range)UGX 100,000 - 8,000,000
Loan Term (range)1 - 24
Other Services (text summary)Credit Ins, Business Training
Annual Interest & Method30.00%-42.00% annual, Flat
Fees1.00% upfront
Insurance1.00%-2.00% upfront
TaxNone
Comp Dep20.00% upfront
Range of pricing 
Interest Price Component48.1% - 52.1%
Fee Component1.9% - 5.1%
Insurance Component1.9% - 5.2%
Tax Component Range0
Full APR (int fee ins tax dep)74.1% - 83.6%
Transparency Index (min/max)36 - 40
Transparency Index (average)37

Product Summary

1,000
UGX 100,000 - 5,000,000
4 - 24
30.00%-42.00% annual, Flat
 
N/A
61.6% - 77.1% (Int+Fee)
3.3% - 4.2%
0
91.9% - 118.3%
25 - 33
28

Product Details

Key Statistics
Outstanding portfolio (UGX)UGX 690,000,000
Portfolio (USD)USD 276,000
Active Clients with Loans513
Approximate % Female Clients40% - 60%
Approximate % Urban Clients80% - 100%
Methodology
Individualx
Solidarity groupx
Village banking
Self help group
Other
Description
These loans are given out to small business owners to enhance their existing business.
Loan Purpose
Any purpose
Income generationx
Mortgage/housingx
Consumer loanx
Agriculture
Educationx
Other household financex
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurancex
Workplace visits
Business trainingx
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
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 institution1
# Regions for this product1
Regions ActiveCentral

Product Details

Key Statistics
Outstanding portfolio (UGX)UGX 178,638,000
Portfolio (USD)USD 81,199
Active Clients with Loans1,000
Approximate % Female Clients40% - 60%
Approximate % Urban Clients80% - 100%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
These loans are given out to small business owners to enhance their existing business\r
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurancex
Workplace visits
Business trainingx
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
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 institutionN/A
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyUGX
Minimum loan sizeUGX 100,000
Maximum loan size8,000,000
Distribution at Disbursement (Est.)
Loans less than UGX 1,000,00020%
UGX 1,000,000-5,000,00020%
UGX 5,000,000-7,500,00020%
UGX 7,500,000-10,000,00020%
UGX 10,000,000-13,000,00010%
Greater than UGX 13,000,00010%
Loan Term and Grace Period
Shortest loan term1.0 month
Longest loan term24.0 months
Approx average6.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months50%
Between 7 and 9 months0
Between 10 and 12 months10%
Between 13 and 18 months40%
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest2.50%
Highest quoted nominal interest3.50%
Reason(s) why interest rate variesLoan Size
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionLoan Processing Fee
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionLoan Protection Fund
% of loan amount - min1.00%
% of loan amount - max2.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation1% on loans <1 year & 2% on loans >1 year
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?No
Deposit BEFORE or AT Disbursement
% loan amount deposited20.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositFinal Pmt
Interest Paid on Deposit
Minimum interest rate paid2.50%
Maximum interest rate paid2.50%
Interest payment frequencyMonthly
Taxes
Are taxes charged on this product?No

Full Pricing Data

Business Loans samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountUGX 300,000UGX 800,000UGX 1,500,000UGX 3,000,000UGX 6,000,000
Loan Cycle (1, 2, 3, etc)211221
Disbursement Date2012-01-112012-05-222012-04-102012-05-082012-08-20
Loan Term (Months)3.8 months6.0 months10.0 months12.0 months12.0 months
Grace Period (Months)0.0 months0.0 months-0.2 months0.2 months0.3 months
Total Cost of CreditUGX 36,000UGX 136,000UGX 405,000UGX 960,000UGX 1,920,000
True Price by Comp         
Interest price component48.1%48.4%52.1%49.1%48.2%
Fee Component5.1%3.5%2.4%2.0%1.9%
Insurance Component5.2%3.6%2.5%2.0%1.9%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component24.2%25.3%26.6%22.9%22.0%
Full APR (int fee ins tax dep)82.6%80.8%83.6%76.0%74.1%
Transparency Index3637363940
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF
Business Loans Price Graphs


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% Products with compulsory deposits
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