| Number borrowers | 1,068 |
| Loan Amount (range) | GHS 50 - 2,000 |
| Loan Term (range) | 3 - 6 |
| Other Services (text summary) | Credit Educ, Other Training, Malaria prevention training |
| Annual Interest & Method | 45.00% annual, Flat |
| Fees | 2 fees |
| Insurance | 2.00% ongoing |
| Tax | None |
| Comp Dep | 15.00% upfront |
| Range of pricing | |
| Interest Price Component | 76.2% - 80.5% |
| Fee Component | 10.2% - 10.8% |
| Insurance Component | 9.4% - 9.9% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 124.3% - 133.3% |
| Transparency Index (min/max) | 34 - 36 |
| Transparency Index (average) | 35 |
| 11,745 |
| UGX 100,000 - 30,000,000 |
| 3 - 36 |
| Credit Ins |
| 24.00% annual, Decl Bal |
| 3 fees |
| 0.45% upfront |
| None |
| N/A |
| 21.9% - 35.0% |
| 1.1% - 23.6% |
| 0.4% - 2.0% |
| 0 |
| 31.6% - 35.2% |
| 53 - 94 |
| 72 |
| Outstanding portfolio (GHS) | GHS 441,908.06 |
| Portfolio (USD) | USD 231,365 |
| Active Clients with Loans | 1,068 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | |
| Solidarity group | |
| Village banking | x |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | x |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | |
| Credit insurance | |
| Workplace visits | |
| Business training | |
| Other training | x |
| Other | Malaria prevention training |
| 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 | Maximum amount of men permitted in group - 20%. |
| Other (2) |
| # Regions for this institution | 1 |
| # Regions for this product | 1 |
| Regions Active | Central Region |
| Outstanding portfolio (UGX) | UGX 43,351,991,721 |
| Portfolio (USD) | USD 16,673,843 |
| Active Clients with Loans | 11,745 |
| Approximate % Female Clients | 20% - 40% |
| Approximate % Urban Clients | 20% - 40% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | |
| Mortgage/housing | x |
| 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 | |
| Must own a home or land | x |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | 4 |
| # Regions for this product | 4 |
| Regions Active | Central, Eastern, Northern, Western |
| Currency | GHS |
| Minimum loan size | GHS 50 |
| Maximum loan size | 2,000 |
| Loans less than GHS 1,000 | 70% |
| GHS 1,000-5,000 | 30% |
| GHS 5,000-7,500 | 0 |
| GHS 7,500-10,000 | 0 |
| GHS 10,000-13,000 | 0 |
| Greater than GHS 13,000 | 0 |
| Shortest loan term | 3.0 months |
| Longest loan term | 6.0 months |
| Approx average | 4.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 100% |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 0 |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| Grace period usage | 100% |
| Average grace period | 0.2 months |
| Daily | |
| Weekly | x |
| Every 2 weeks | x |
| 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 100,000 |
| Maximum loan size | 30,000,000 |
| Loans less than UGX 1,000,000 | 10% |
| UGX 1,000,000-5,000,000 | 15% |
| UGX 5,000,000-7,500,000 | 15% |
| UGX 7,500,000-10,000,000 | 15% |
| UGX 10,000,000-13,000,000 | 15% |
| Greater than UGX 13,000,000 | 15% |
| Shortest loan term | 3.0 months |
| Longest loan term | 36.0 months |
| Approx average | DK |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 15% |
| Between 7 and 9 months | 20% |
| Between 10 and 12 months | 30% |
| Between 13 and 18 months | 30% |
| Longer than 18 months | 5% |
| 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 | 45.00% |
| Highest quoted nominal interest | 45.00% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Commitment Fee |
| % of loan amount - min | 0.75% |
| % of loan amount - max | 1.50% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | Fee is 3% per annum. Varies depending on loan term. |
| Appears on Repayment Sched? | No |
| Fee 1 | |
|---|---|
| Description | Group Fee |
| % of loan amount - min | 0.75% |
| % of loan amount - max | 1.50% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | Fee is 3% per annum. Varies depending on loan term. |
| Appears on Repayment Sched? | No |
| Ins 1 | |
|---|---|
| Description | Insurance Fee |
| % of loan amount - min | 2.00% |
| % of loan amount - max | 2.00% |
| 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 | 15.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | Access During |
| Minimum interest rate paid | 3.00% |
| Maximum interest rate paid | 3.00% |
| Interest payment frequency | Quarterly |
| Are taxes charged on this product? | No |
| Lowest quoted nominal interest | 24.00% |
| Highest quoted nominal interest | 24.00% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | Fee 2 | ||
|---|---|---|---|
| Description | Acceptance Commission | Stamp Duty | |
| % of loan amount - min | 2.00% | 0 | |
| % of loan amount - max | 2.00% | 0 | |
| OR, Fixed amount - min | 0 | 10,000 | |
| Fixed amount - max | 0 | 10,000 | |
| Reason for variation | N/A | N/A | |
| Appears on Repayment Sched? | Yes | Yes |
| Fee 1 | |
|---|---|
| Description | Monthly Monitoring Fee |
| % of loan amount - min | 0.50% |
| % of loan amount - max | 0.50% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | Yes |
| Ins 1 | |
|---|---|
| Description | Loan Protection Insurance |
| % of loan amount - min | 0.45% |
| % of loan amount - max | 0.45% |
| 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 | |||
|---|---|---|---|---|---|
| Loan Amount | GHS 300 | GHS 600 | GHS 1,600 | ||
| Loan Cycle (1, 2, 3, etc) | 6 | 6 | 6 | ||
| Disbursement Date | 2012-11-08 | 2012-11-08 | 2012-12-18 | ||
| Loan Term (Months) | 4.0 months | 4.0 months | 4.0 months | ||
| Grace Period (Months) | 0.2 months | 0.2 months | 0.2 months | ||
| Total Cost of Credit | GHS 57.90 | GHS 115.80 | GHS 308.80 | ||
| True Price by Comp | |||||
| Interest price component | 76.2% | 76.2% | 80.5% | ||
| Fee Component | 10.2% | 10.2% | 10.8% | ||
| Insurance Component | 9.4% | 9.4% | 9.9% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 28.5% | 28.5% | 32.1% | ||
| Full APR (int fee ins tax dep) | 124.3% | 124.3% | 133.3% | ||
| Transparency Index | 36 | 36 | 34 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | UGX 1,500,000 | UGX 3,000,000 | UGX 9,000,000 | UGX 15,000,000 | |||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
| Disbursement Date | 2012-02-07 | 2012-12-21 | 2012-06-18 | 2012-10-02 | |||
| Loan Term (Months) | 24.0 months | 12.0 months | 37.0 months | 24.0 months | |||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.4 months | 0.0 months | |||
| Total Cost of Credit | UGX 556,104.80 | UGX 582,832.60 | UGX 5,120,652.20 | UGX 5,513,500 | |||
| True Price by Comp | |||||||
| Interest price component | 23.7% | 23.8% | 23.7% | 29.7% | |||
| Fee Component | 8.8% | 10.5% | 7.5% | 2.2% | |||
| Insurance Component | 0.5% | 0.9% | 0.4% | 0.5% | |||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Full APR (int fee ins tax dep) | 33.0% | 35.2% | 31.6% | 32.4% | |||
| Transparency Index | 73 | 68 | 76 | 74 | |||
| Original Repayment Schedule | |||||||
| MFT Pricing Calculation |
| Key Statistics | |
|---|---|
| # Samples: | |
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| # 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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