513 |
UGX 100,000 - 8,000,000 |
1 - 24 |
Credit Ins, Business Training |
30.00%-42.00% annual, Flat |
1.00% upfront |
1.00%-2.00% upfront |
None |
20.00% upfront |
48.1% - 52.1% |
1.9% - 5.1% |
1.9% - 5.2% |
0 |
74.1% - 83.6% |
36 - 40 |
37 |
Outstanding portfolio (UGX) | UGX 690,000,000 |
Portfolio (USD) | USD 276,000 |
Active Clients with Loans | 513 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 80% - 100% |
Individual | x |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | x |
Consumer loan | x |
Agriculture | |
Education | x |
Other household finance | x |
Other | |
Other (2) |
Credit education | |
Group meetings | |
Credit insurance | x |
Workplace visits | |
Business training | x |
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 | 1 |
# Regions for this product | 1 |
Regions Active | Central |
Currency | UGX |
Minimum loan size | UGX 100,000 |
Maximum loan size | 8,000,000 |
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 | 10% |
Greater than UGX 13,000,000 | 10% |
Shortest loan term | 1.0 month |
Longest loan term | 24.0 months |
Approx average | 6.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 50% |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 10% |
Between 13 and 18 months | 40% |
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 | 2.50% |
Highest quoted nominal interest | 3.50% |
Reason(s) why interest rate varies | Loan Size |
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 Processing 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 |
Ins 1 | |
---|---|
Description | Loan Protection Fund |
% of loan amount - min | 1.00% |
% of loan amount - max | 2.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | 1% on loans <1 year & 2% on loans >1 year |
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 | 20.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | Final Pmt |
Minimum interest rate paid | 2.50% |
Maximum interest rate paid | 2.50% |
Interest payment frequency | Monthly |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | UGX 300,000 | UGX 800,000 | UGX 1,500,000 | UGX 3,000,000 | UGX 6,000,000 | ||||
Loan Cycle (1, 2, 3, etc) | 2 | 1 | 12 | 2 | 1 | ||||
Disbursement Date | 2012-01-11 | 2012-05-22 | 2012-04-10 | 2012-05-08 | 2012-08-20 | ||||
Loan Term (Months) | 3.8 months | 6.0 months | 10.0 months | 12.0 months | 12.0 months | ||||
Grace Period (Months) | 0.0 months | 0.0 months | -0.2 months | 0.2 months | 0.3 months | ||||
Total Cost of Credit | UGX 36,000 | UGX 136,000 | UGX 405,000 | UGX 960,000 | UGX 1,920,000 | ||||
True Price by Comp | |||||||||
Interest price component | 48.1% | 48.4% | 52.1% | 49.1% | 48.2% | ||||
Fee Component | 5.1% | 3.5% | 2.4% | 2.0% | 1.9% | ||||
Insurance Component | 5.2% | 3.6% | 2.5% | 2.0% | 1.9% | ||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Deposit Component | 24.2% | 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 Index | 36 | 37 | 36 | 39 | 40 | ||||
Original Repayment Schedule | |||||||||
MFT Pricing Calculation |
Key Statistics | |
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# 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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