| Number borrowers | 29,548 |
| Loan Amount (range) | KES 1,000 - 100,000 |
| Loan Term (range) | 1 - 12 |
| Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training |
| Annual Interest & Method | 8.0% annual, Flat |
| Fees | 2.00%-3.00% upfront |
| Insurance | 0.63% upfront |
| Tax | None |
| Comp Dep | 15.0% upfront |
| Range of pricing | |
| Interest Price Component | 13.4% - 37.3% |
| Fee Component | 0 - 11.0% |
| Insurance Component | 0 - 2.3% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 20.3% - 21.8% |
| Transparency Index (min/max) | 37 - 83 |
| Transparency Index (average) | 38 |
| 1,245 |
| UGX 10,000 - 30,000,000 |
| 1 - 8 |
| Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training |
| 30.00% annual, Flat |
| 1.00%-2.00% upfront |
| 1.00% upfront |
| None |
| 20.00% upfront |
| 29.5% - 57.6% |
| 1.6% - 7.2% |
| 1.5% - 3.7% |
| 0 |
| 41.1% - 86.8% |
| 30 - 73 |
| 51 |
| Outstanding portfolio (KES) | KES 1,035,934,565 |
| Portfolio (USD) | USD 12,511,287.02 |
| Active Clients with Loans | 29,548 |
| Approximate % Female Clients | 20% - 40% |
| Approximate % Urban Clients | 20% - 40% |
| Individual | x |
| 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 | x |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | x |
| Business training | x |
| Other training | x |
| 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 | x |
| Other | Must have undergone group training |
| Other (2) | Mustbe 18-35 years old |
| # Regions for this institution | 8 |
| # Regions for this product | 8 |
| Regions Active | Central, Coast, Eastern, Nairobi, North Eastern, Nyanza, Rift Valley, Western |
| Outstanding portfolio (UGX) | UGX 216,994,200 |
| Portfolio (USD) | USD 86,798 |
| Active Clients with Loans | 1,245 |
| Approximate % Female Clients | 20% - 40% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | x |
| Income generation | |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | x |
| Business training | x |
| 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 | 1 |
| # Regions for this product | 1 |
| Regions Active | Western |
| Currency | KES |
| Minimum loan size | KES 1,000 |
| Maximum loan size | 100,000 |
| Loans less than KES 50,000 | 60% |
| KES 50,000-150,000 | 40% |
| KES 150,000-250,000 | 0 |
| KES 250,000-350,000 | 0 |
| KES 350,000-450,000 | 0 |
| Greater than KES 450,000 | 0 |
| Shortest loan term | 1.0 month |
| Longest loan term | 12.0 months |
| Approx average | 6.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 20% |
| Between 7 and 9 months | 30% |
| Between 10 and 12 months | 50% |
| 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 | x |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Currency | UGX |
| Minimum loan size | UGX 10,000 |
| Maximum loan size | 30,000,000 |
| 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 | 15% |
| UGX 10,000,000-13,000,000 | 15% |
| Greater than UGX 13,000,000 | 15% |
| Shortest loan term | 1.0 month |
| Longest loan term | 8.0 months |
| Approx average | 5.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 40% |
| Between 7 and 9 months | 60% |
| Between 10 and 12 months | 0 |
| Between 13 and 18 months | 0 |
| 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 | x |
| Every 6 months | |
| Every 12 months | |
| Single end payment | x |
| Irregular payments |
| Lowest quoted nominal interest | 8.00% |
| Highest quoted nominal interest | 8.00% |
| 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 | LACE (Loan Application & Credit Evaluation Fee) |
| % of loan amount - min | 2.00% |
| % of loan amount - max | 3.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | 3% for 1st cycle, 2% for multiple cycle loans |
| Appears on Repayment Sched? | Yes |
| Ins 1 | |
|---|---|
| Description | Annual Insurance Fee |
| % of loan amount - min | 0.63% |
| % of loan amount - max | 0.63% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | 0.625% per annum. |
| Appears on Repayment Sched? | No |
| Required for | All |
| Criteria | Savings interest depends on the balance that is in the account |
| Is deposit indicated on the repayment schedule? | No |
| Do borrowers control deposit in their group? | Yes |
| % loan amount deposited | 15.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | When Leaving |
| Minimum interest rate paid | 1.00% |
| Maximum interest rate paid | 3.00% |
| Interest payment frequency | Monthly |
| Are taxes charged on this product? | No |
| Lowest quoted nominal interest | 30.00% |
| Highest quoted nominal interest | 30.00% |
| 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 | 1.00% |
| % of loan amount - max | 2.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | 2% for loans < 2M, 1% for loans > 2M |
| Appears on Repayment Sched? | No |
| Ins 1 | |
|---|---|
| Description | Accidental Death 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 | 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? | Yes |
| % loan amount deposited | 20.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | End Term |
| Minimum interest rate paid | 0 |
| Maximum interest rate paid | 0 |
| Interest payment frequency | N/A |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | KES 7,999.96 | KES 24,999.98 | KES 99,999.96 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2013-05-27 | 2013-05-11 | 2013-05-09 | ||
| Loan Term (Months) | 5.9 months | 6.0 months | 12.0 months | ||
| Grace Period (Months) | -0.2 months | 0.0 months | 0.2 months | ||
| Total Cost of Credit | KES 357.94 | KES 1,156.21 | KES 8,624.92 | ||
| True Price by Comp | |||||
| Interest price component | 13.8% | 13.4% | 13.9% | ||
| Fee Component | 0.0% | 0.0% | 0.0% | ||
| Insurance Component | 2.3% | 2.2% | 1.1% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 5.7% | 5.2% | 5.3% | ||
| Full APR (int fee ins tax dep) | 21.8% | 20.8% | 20.3% | ||
| Transparency Index | 37 | 38 | 39 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | UGX 300,000 | UGX 800,000 | UGX 1,500,000 | UGX 3,200,000 | UGX 5,600,000 | UGX 9,600,000 | |||||
| Loan Cycle (1, 2, 3, etc) | 3 | 2 | 1 | 17 | 3 | 2 | |||||
| Disbursement Date | 2012-09-11 | 2012-08-28 | 2012-03-13 | 2012-09-26 | 2012-07-11 | 2012-04-04 | |||||
| Loan Term (Months) | 6.0 months | 8.0 months | 9.0 months | 5.1 months | 8.0 months | 8.0 months | |||||
| Grace Period (Months) | 1.0 month | 1.0 month | 9.2 months | 2.0 months | 8.1 months | 8.1 months | |||||
| Total Cost of Credit | UGX 54,000 | UGX 184,000 | UGX 382,500 | UGX 464,000 | UGX 1,232,000 | UGX 2,112,000 | |||||
| True Price by Comp | |||||||||||
| Interest price component | 48.8% | 45.1% | 29.5% | 41.2% | 29.7% | 29.6% | |||||
| Fee Component | 7.2% | 5.1% | 3.0% | 3.6% | 1.6% | 1.6% | |||||
| Insurance Component | 3.7% | 2.6% | 1.5% | 3.6% | 1.7% | 1.7% | |||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
| Deposit Component | 27.1% | 21.4% | 8.5% | 18.0% | 8.2% | 8.2% | |||||
| Full APR (int fee ins tax dep) | 86.8% | 74.2% | 42.5% | 66.4% | 41.2% | 41.1% | |||||
| Transparency Index | 35 | 40 | 71 | 45 | 73 | 73 | |||||
| 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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