- MFTransparency.org Truth In Lending Tables

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
Actuar Caldas	3,700	5,247,000	1	159
Actuar Quindio	2,300	2,800,000	2	159
Actuar Tolima	8,800	5,099,000	3	159
Amanecer	4,300	8,253,000	4	159
Banco Agrario	56,300	39,938,000	3	159
Banco WWB	219,400	294,019,000	5	154
Bancolombia	36,200	51,563,000	1	159
BdO	10,400	7,945,000	2	159
Comerciacoop	1,600	3,255,000	4	159
Confiar	43,800	81,993,000	7	159
Congente	5,400	20,045,000	2	159
Contactar	25,100	20,184,000	2	159
Crezcamos	27,500	22,564,000	4	159
Finamerica	39,800	99,536,000	7	159
FMM Popayán	310,000	243,614,000	3	159
FMSD	6,800	9,236,000	6	159
Fomentamos	900	102,000	1	159
Fund DeLaMujer	199,900	165,568,000	1	159
Fund Oleoductos	500	435,000	1	154
FUNDAUNIBAN	600	1,307,000	2	159
FUNDESAN	2,400	2,521,000	5	159
FUNDESMAG	1,000	1,698,000	2	159
Interactuar	30,200	93,846,000	4	159
MEDA	15,600	27,322,000	2	159
ProCredit CO	5,700	18,569,000	3	159

Please note that the information you are viewing is 137 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Opportunity Uganda Ltd Plot 7A, John Bahiha AvenueP.O. Box 33513Kampala, Central256

Data approved: 2011-06-29

Data version: 1

Age of data: - months

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Product

Solidarity Group Loan Product 2 of 2 « Prev | Next »

Product Details

Key Statistics

Outstanding portfolio (UGX)	UGX 8,100,000,000
Portfolio (USD)	USD 3,681,818
Active Clients with Loans	17,409
Approximate % Female Clients	60% - 80%
Approximate % Urban Clients	60% - 80%

Methodology

Individual
Solidarity group	x
Village banking
Self help group
Other

Description

These are loans to microentrepreneurs who are organized in groups of 20 to 40 people. Groups are homogeneous and based on self selection.\r

Loan Purpose

Any purpose
Income generation	x
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)

Included Services

Credit education
Group meetings	x
Credit insurance
Workplace visits	x
Business training	x
Other training	x
Other	Consumer Financial Education
Other (2)
No other services

Eligibility

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)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	N/A
# Regions for this product	N/A
Regions Active

Loan Conditions

Loan Amount

Currency	UGX
Minimum loan size	UGX 50,000
Maximum loan size	3,000,000

Loan Term and Grace Period

Shortest loan term	4.0 months
Longest loan term	12.0 months
Approx average	6.0 months

Distribution at Disbursement (Est.)

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

Grace period usage	90%
Average grace period	0.5 months

Repayment Frequency

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

Pricing Information

Interest

Lowest quoted nominal interest	3.00%
Highest quoted nominal interest	3.00%
Interest rate period	Monthly
Interest Rate Calculation Method	Flat
Subsidized by funder request?	N/A
Is rate fixed for entire loan term	Yes

Upfront Fees

	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
Appears on Repayment Sched?	No

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	Ins 1
Description	Insurance
% of loan amount - min	1.00%
% of loan amount - max	1.00%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation
Appears on Repayment Sched?

Ongoing Insurance Fees

This product has no ongoing insurance fees

Compulsory Deposit

Required for	All
Criteria	N/A
Is deposit indicated on the repayment schedule?
Do borrowers control deposit in their group?

Deposit BEFORE or AT Disbursement

% loan amount deposited	15.00% - NA
or, Fixed-amount deposited	0 - NA

Deposits DURING period payments

% loan amount deposited	0 - NA
or, Fixed-amount deposited	0 - NA
Conditions on access to deposit	Final Pmt

Interest Paid on Deposit

Minimum interest rate paid	0
Maximum interest rate paid	0
Interest payment frequency	N/A

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Full Pricing Data

Solidarity Group Loan samples

	Sample 1	Sample 2	Sample 3	Sample 4
Loan Amount	UGX 300,000	UGX 800,000	UGX 1,500,000	UGX 3,000,000
Loan Cycle (1, 2, 3, etc)	0	0	0	0
Disbursement Date	2010-12-06	2010-11-30	2010-12-15	2010-11-18
Loan Term (Months)	5.6 months	3.3 months	11.7 months	11.7 months
Grace Period (Months)	1.0 month	1.0 month	0.0 months	0.0 months
Total Cost of Credit	Not Known	Not Known	Not Known	Not Known
True Price by Comp
Interest and Fee Component	69.9%	72.5%	69.1%	69.1%
Insurance Component	4.2%	6.5%	2.4%	2.4%
Tax Component	0.0%	0.0%	0.0%	0.0%
Deposit Component	24.6%	26.1%	22.5%	22.5%
Full APR (int fee ins tax dep)	98.7%	105.1%	94.0%	94.0%
Transparency Index	36	34	38	38

Original Repayment Schedule	PDF	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF	PDF

Solidarity Group Loan Price Graphs

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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

	X Axis
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N (# of Samples)
Total Borrrowers of Samples


Avg
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By Inst Type


By Country

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