| Number borrowers | 6,267 |
| Loan Amount (range) | PHP 2,000 - 60,000 |
| Loan Term (range) | 6 |
| Other Services (text summary) | Group Mtgs, Credit Ins, Business Training |
| Annual Interest & Method | 30.0% annual, Flat |
| Fees | 2.50% upfront |
| Insurance | 280.00-1,120.00 upfront 7.00% upfront |
| Tax | 0.50% loan amt |
| Comp Dep | 160.00 upfront 12.50% ongoing |
| Range of pricing | |
| Interest Price Component | N/A |
| Fee Component | 59.1% - 60.5% (Int+Fee) |
| Insurance Component | 0 - 1.9% |
| Tax Component Range | 1.0% - 1.1% |
| Full APR (int fee ins tax dep) | 67.9% - 72.3% |
| Transparency Index (min/max) | 31 - 44 |
| Transparency Index (average) | 42 |
| 2,506 |
| UGX 50,000 - 15,000,000 |
| 6 - 12 |
| Credit Educ, Group Mtgs, Tech Asst Visits, Business Training |
| 33.60% annual, Flat |
| 2.50% upfront |
| 30,000 upfront |
| None |
| 20.00% upfront |
| 27.7% - 58.0% |
| 1.5% - 9.9% |
| 0.2% - 25.6% |
| 0 |
| 41.2% - 93.3% |
| 36 - 86 |
| 54 |
| Outstanding portfolio (PHP) | PHP 48,144,967 |
| Portfolio (USD) | USD 1,151,793.47 |
| Active Clients with Loans | 6,267 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | |
| Group meetings | x |
| 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 | x |
| Other | |
| Other (2) |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Outstanding portfolio (UGX) | UGX 629,379,090 |
| Portfolio (USD) | USD 249,259.05 |
| Active Clients with Loans | 2,506 |
| Approximate % Female Clients | 60% - 80% |
| 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 | |
| Workplace visits | x |
| 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 | 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 | PHP |
| Minimum loan size | PHP 2,000 |
| Maximum loan size | 60,000 |
| Shortest loan term | 6.0 months |
| Longest loan term | 6.0 months |
| Approx average | 6.0 months |
| Grace period usage | 0 |
| Average grace period | 0 |
| 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 |
| Currency | UGX |
| Minimum loan size | UGX 50,000 |
| Maximum loan size | 15,000,000 |
| Loans less than UGX 1,000,000 | 15% |
| UGX 1,000,000-5,000,000 | 15% |
| UGX 5,000,000-7,500,000 | 20% |
| UGX 7,500,000-10,000,000 | 20% |
| UGX 10,000,000-13,000,000 | 15% |
| Greater than UGX 13,000,000 | 15% |
| Shortest loan term | 6.0 months |
| Longest loan term | 12.0 months |
| Approx average | 8.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 10% |
| Between 7 and 9 months | 50% |
| Between 10 and 12 months | 40% |
| 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 | x |
| 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 | 2.50% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Bank Charge |
| % of loan amount - min | 2.50% |
| % of loan amount - max | 2.50% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | |
| Appears on Repayment Sched? | No |
| Ins 1 | Ins 2 | ||
|---|---|---|---|
| Description | Group Life Insurance | Credit Life Insurance | |
| % of loan amount - min | 0 | 7.00% | |
| % of loan amount - max | 0 | 7.00% | |
| OR, Fixed amount - min | 280 | 0 | |
| Fixed amount - max | 1,120 | 0 | |
| Reason for variation | N/A | N/A | |
| Appears on Repayment Sched? | No | No |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | Yes |
| Do borrowers control deposit in their group? |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | PHP 160 |
| % loan amount deposited | 12.50% |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | Access During |
| Minimum interest rate paid | 0.05% |
| Maximum interest rate paid | 0.05% |
| Interest payment frequency | Quarterly |
| Are taxes charged on this product? | Yes |
| Percentage of fees | 0 |
| All or some fees taxed | N/A |
| Lowest quoted nominal interest | 2.80% |
| Highest quoted nominal interest | 2.80% |
| 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 | Application Fee |
| % of loan amount - min | 2.50% |
| % of loan amount - max | 2.50% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
| Ins 1 | |
|---|---|
| Description | Life Insurance |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 30,000 |
| Fixed amount - max | 30,000 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
| Required for | Some |
| Criteria | Clients must be organised under a village bank |
| 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 | 10.00% |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | Final Pmt |
| 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 | Sample 4 | Sample 5 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | PHP 3,000 | PHP 8,000 | PHP 15,000 | PHP 30,000 | PHP 60,000 | ||||
| Loan Cycle (1, 2, 3, etc) | 1 | 2 | 3 | 8 | 12 | ||||
| Disbursement Date | 2011-06-09 | 2011-06-09 | 2011-06-09 | 2011-07-26 | 2011-07-26 | ||||
| Loan Term (Months) | 5.8 months | 5.8 months | 5.8 months | 5.8 months | 5.8 months | ||||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | ||||
| Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
| True Price by Comp | |||||||||
| Interest and Fee Component | 59.1% | 59.1% | 59.1% | 60.5% | 59.1% | ||||
| Insurance Component | 0.0% | 0.0% | 0.0% | 1.9% | 1.9% | ||||
| Tax Component | 1.0% | 1.0% | 1.0% | 1.1% | 1.1% | ||||
| Deposit Component | 12.2% | 8.8% | 7.9% | 7.8% | 7.3% | ||||
| Full APR (int fee ins tax dep) | 72.3% | 68.9% | 67.9% | 71.2% | 69.3% | ||||
| Transparency Index | 41 | 44 | 44 | 42 | 43 | ||||
| Original Repayment Schedule | |||||||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | UGX 700,000 | UGX 1,000,000 | UGX 2,500,000 | UGX 8,800,000 | UGX 9,200,000 | UGX 9,900,000 | |||||
| Loan Cycle (1, 2, 3, etc) | 1 | 1 | 2 | 5 | 1 | 4 | |||||
| Disbursement Date | 2012-05-07 | 2012-07-23 | 2012-06-04 | 2012-07-16 | 2012-09-05 | 2012-07-02 | |||||
| Loan Term (Months) | 9.0 months | 6.0 months | 10.0 months | 6.0 months | 6.0 months | 6.0 months | |||||
| Grace Period (Months) | 3.1 months | 3.1 months | 1.0 month | 6.1 months | 6.0 months | 6.1 months | |||||
| Total Cost of Credit | UGX 205,000 | UGX 205,000 | UGX 717,500 | UGX 1,570,000 | UGX 1,640,000 | UGX 1,762,500 | |||||
| True Price by Comp | |||||||||||
| Interest price component | 41.0% | 37.3% | 50.1% | 27.7% | 28.2% | 27.7% | |||||
| Fee Component | 5.2% | 6.8% | 5.9% | 5.1% | 5.1% | 5.1% | |||||
| Insurance Component | 9.3% | 8.4% | 2.9% | 0.7% | 0.7% | 0.6% | |||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
| Deposit Component | 25.0% | 20.5% | 34.4% | 7.8% | 7.9% | 7.8% | |||||
| Full APR (int fee ins tax dep) | 80.5% | 73.0% | 93.3% | 41.3% | 41.9% | 41.2% | |||||
| Transparency Index | 42 | 46 | 36 | 81 | 80 | 82 | |||||
| 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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