2. Mbinga
Please note that the information you are viewing is 128 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Mbinga Community Bank Ltd Head QuartersMbinga, RuvumaPO Box 290
Data approved: 2013-03-20
Data version: 2
Age of data: 128 months
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Product

Solidarity Group Loan Product 3 of 3 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (TZS)TZS 2,695,147,796
Portfolio (USD)USD 1,695,061.51
Active Clients with Loans882.70
Approximate % Female Clients40% - 60%
Approximate % Urban Clients20% - 40%
Methodology
Individualx
Solidarity groupx
Village banking
Self help group
Other
Description
Provides capital requirements for individuals organized in groups. Can be used for business or agricultural purposes.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculturex
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visitsx
Business trainingx
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age group
OtherMust run agricultural activities or business
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution1
# Regions for this product1
Regions ActiveRuvuma

Loan Conditions

Loan Amount
CurrencyTZS
Minimum loan sizeTZS 500,000
Maximum loan size3,500,000
Distribution at Disbursement (Est.)
Loans less than TZS 350,0000
TZS 350,000-1,250,00040%
TZS 1,250,000-2,000,00020%
TZS 2,000,000-3,000,00020%
TZS 3,000,000-4,000,00020%
Greater than TZS 4,000,00020%
Loan Term and Grace Period
Shortest loan term1.0 month
Longest loan term12.0 months
Approx average6.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less40%
Between 4 and 6 months20%
Between 7 and 9 months30%
Between 10 and 12 months10%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest10.00%
Highest quoted nominal interest30.00%
Reason(s) why interest rate variesLoan Purpose, Agricultural loan interest is 10% p.a. Business loan interest is 30% p.a
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionLoan Application FeeLegal Set Up Fee
% of loan amount - min1.50%2.00%
% of loan amount - max1.50%2.00%
OR, Fixed amount - min00
Fixed amount - max00
Reason for variationN/AN/A
Appears on Repayment Sched?NoYes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionLoan insurance
% of loan amount - min1.00%
% of loan amount - max2.50%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationLoan term of 1-6months is 1%. Loans above 6-12months 2.5% rate may apply.
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited30.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount depositedTZS 10,000
Conditions on access to depositAccess During
Interest Paid on Deposit
Minimum interest rate paid3.50%
Maximum interest rate paid3.50%
Interest payment frequencyEnd Term
Taxes
Are taxes charged on this product?No

Full Pricing Data

Solidarity Group Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountTZS 450,000TZS 1,075,000TZS 2,000,000TZS 3,000,000
Loan Cycle (1, 2, 3, etc)1111
Disbursement Date2013-01-092013-02-082013-02-232013-01-09
Loan Term (Months)11.0 months5.0 months11.0 months11.0 months
Grace Period (Months)10.1 months-1.0 months-1.0 months10.1 months
Total Cost of CreditTZS 62,000TZS 220,375.02TZS 696,666.60TZS 413,330
True Price by Comp       
Interest price component10.1%75.8%61.8%10.1%
Fee Component4.1%19.1%8.9%4.1%
Insurance Component1.2%5.6%2.6%1.2%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component12.1%142.4%82.4%7.5%
Full APR (int fee ins tax dep)27.5%242.9%155.7%22.9%
Transparency Index364644
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
Solidarity Group Loan Price Graphs


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  2. Finance Trust
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

Uganda Finance Trust Plot 121&115, Block 6KatweKampala, Central UgandaPO Box 6972
Data approved: 2012-10-16
Data version: 2
Age of data: 137 months
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Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addresshttp://www.financetrust.co.ug/
Year established1984
Head of InstitutionAnne Nakawunde Mulindwa
Regions activeCentral, Eastern, Northern, Western
# Branches30

Total Portfolio (nat'l)UGX 43,801,060,749
Total Portfolio (USD)USD 17,520,424.30
Active clients with loans22,555
Approximate % female clients40% - 60%
Approximate % urban clients20% - 40%
Network affiliationsWorld Savings Bank Initiative, WWB, AMFIU, African Rural & Agricultural Credit Association
FundersInvestisseur et Partnaire el la Developpment, Oikocredit, Uganda Womens Trust, Founder Members

Loan Products » Summary

Business Grp
3,491 Borrowers
USD 536,528 Portfolio
Active Product
Business Idv
16,202 Borrowers
USD 14,903,842 Portfolio
Active Product
Development
104 Borrowers
USD 385,861 Portfolio
Active Product
Salary
1,440 Borrowers
USD 647,668 Portfolio
Active Product
School Fees
999 Borrowers
USD 229,281 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Business Loan - Group UGX 100,000 - 4,000,000 3 - 24 60% - 80% 20% - 40% Business Men, Have business Credit Educ, Group Mtgs, Credit Ins
Business Loan - Individual UGX 500,000 - 70,000,000 3 - 24 60% - 80% 20% - 40% Business Women, Men, Have business, Specific age group, Age 18 and above,, Must have a savings account at Finance Trust Credit Educ, Credit Ins
Personal Development Loan UGX 500,000 - 70,000,000 3 - 24 60% - 80% 20% - 40% Any Purpose Women, Men, Specific age group, Age 18 and above. Regular source of income,, Collateral must be titled land / comprehensively insured motor vehicle Credit Educ, Credit Ins
Salary Loan UGX 100,000 - 10,000,000 3 - 24 60% - 80% 20% - 40% Any Purpose Women, Men, Salaried worker, Specific age group, Age 18 and above, Must open a savings salary account at Finance Trust Credit Educ, Credit Ins
School Fees Loan UGX 100,000 - 70,000,000 3 - 6 60% - 80% 20% - 40% Education Women, Men, Have business, Salaried worker, Must have a clear identifiable & regular source of income Credit Educ, Credit Ins

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Business Loan - Group 30.00% annual, Flat 3 Fees 1 Ins None 10.00% upfront 64.7% - 84.9% 81.8% - 128.1% 29
Business Loan - Individual 25.00%-30.00% annual, Flat 3 Fees 1 Ins None 10.00% upfront 56.3% - 65.9% 68.6% - 81.8% 33
Personal Development Loan 25.00%-30.00% annual, Flat 3 Fees 1 Ins None N/A 51.8% - 61.4% 53.9% - 63.6% 41
Salary Loan 27.00% annual, Flat 3 Fees 1 Ins None N/A 50.8% - 73.6% 52.5% - 77.4% 45
School Fees Loan 36.00% annual, Flat 3 Fees 1 Ins None 10.00% upfront 67% - 87.6% 82.6% - 109.3% 38
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Key Statistics
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Loan Portfolio (USD)
% Products using declining balance
% Products with one or more fee
% Products with one or more insurances
% Products with compulsory deposits
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