Please note that the information you are viewing is 101 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE


Data approved: 2013-07-16
Data version: 1
Age of data: 101 months

Institution Details

Institution TypeNon-Governmental Organization
Is this institution regulated?No
Website address
Year established1993
Head of InstitutionMr Rashid Malima
Regions activeArusha, Dar es Salaam, Dodoma, Iringa, Kagera, Kigoma, Kilimanjaro, Lindi, Manyara, MaraMbeya, Morogoro, Mtwara, Mwanza, Pemba North, Pwani, Rukwa, Ruvuma, ShinyangaSingida
# Branches70

Total Portfolio (nat'l)TZS 52,981,652,027
Total Portfolio (USD)USD 33,321,793.73
Active clients with loans102,278
Approximate % female clients60% - 80%
Approximate % urban clients80% - 100%
Network affiliations

Loan Products » Summary

101,152 Borrowers
USD 27,395,839.56 Portfolio
Active Product
2,439 Borrowers
USD 5,510,642.60 Portfolio
Active Product
843 Borrowers
USD 415,311.57 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Group product (MEC loan product) TZS 300,000 - 3,000,000 5 - 12 60% - 80% 80% - 100% Business Women, Men, Have business Credit Educ, Group Mtgs, Credit Ins
Premium Group TZS 3,000,000 - 35,000,000 6 - 24 60% - 80% 80% - 100% Business Women, Men, Have business Group Mtgs, Credit Ins
Salary Loan TZS 100,000 - 15,000,000 6 - 24 40% - 60% 80% - 100% Any Purpose Women, Men, Salaried worker

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Group product (MEC loan product) 30.0% annual, Flat 1 Fee 1 Ins None 25.0% upfront 3,000.00 ongoing 52.8% - 54.9% 97% - 141.6% 25
Premium Group 22.0%-24.0% annual, Flat 1 Fee 1 Ins None 25.0% upfront 13,000.00 ongoing 43% - 43.3% 77.9% - 80.5% 27
Salary Loan 36.0% annual, Decl Bal 1 Fee 0 Ins None N/A 39.4% - 42.6% 39.4% - 42.6% 88
Institution Price Graph
Please note that the information you are viewing is 110 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE


Hofokam Ltd Head OfficeFort Portal, Western UgandaPO Box 228
Data approved: 2012-07-24
Data version: 2
Age of data: 110 months


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Product Details

Key Statistics
Outstanding portfolio (UGX)UGX 577,056,912
Portfolio (USD)USD 228,537.39
Active Clients with Loans573
Approximate % Female Clients20% - 40%
Approximate % Urban Clients20% - 40%
Solidarity group
Village banking
Self help group
Loans advanced to employees guaranteed by letter of undertaking by employer
Loan Purpose
Any purpose
Income generation
Consumer loanx
Other household finance
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurance
Workplace visitsx
Business trainingx
Other training
Other (2)
No other services
Must run a business
Must own a home or land
Must be a salaried workerx
Must be specific age groupx
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution1
# Regions for this product1
Regions ActiveWestern

Loan Conditions

Loan Amount
Minimum loan sizeUGX 250,000
Maximum loan size10,000,000
Distribution at Disbursement (Est.)
Loans less than UGX 1,000,00020%
UGX 1,000,000-5,000,00030%
UGX 5,000,000-7,500,00030%
UGX 7,500,000-10,000,00020%
UGX 10,000,000-13,000,0000
Greater than UGX 13,000,0000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term12.0 months
Approx average8.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months40%
Between 7 and 9 months40%
Between 10 and 12 months20%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Every 2 weeksx
Every 4 weeks
Every 2 months
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Lowest quoted nominal interest2.80%
Highest quoted nominal interest2.80%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionApplication Fee
% of loan amount - min2.00%
% of loan amount - max2.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionLife Insurance
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min20,000
Fixed amount - max20,000
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Are taxes charged on this product?No

Full Pricing Data

Salary Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountUGX 800,000UGX 1,000,000UGX 1,500,000UGX 3,200,000UGX 4,500,000UGX 10,000,000
Loan Cycle (1, 2, 3, etc)231247
Disbursement Date2012-07-042012-07-102012-07-262012-07-192012-08-302012-07-13
Loan Term (Months)11.0 months13.0 months25.0 months38.0 months38.0 months25.0 months
Grace Period (Months)2.1 months2.1 months2.1 months2.1 months2.0 months2.1 months
Total Cost of CreditUGX 214,660UGX 300,240UGX 794,492UGX 2,505,016UGX 3,514,556UGX 5,183,256
True Price by Comp           
Interest price component37.1%37.1%37.2%37.3%37.4%37.2%
Fee Component3.9%3.4%2.0%1.5%1.5%2.0%
Insurance Component4.8%3.4%1.3%0.4%0.4%0.2%
Tax Component0.0%0.0%0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)45.8%43.9%40.5%39.2%39.3%39.4%
Transparency Index737783868685
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
Salary 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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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Total Borrrowers of Samples
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Total Borrowers of Samples

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