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

Institution

FINCA Uganda Limited Plot 22 Ben Kiwanuka StreetKampalaPO Box 24450
Data approved: 2014-11-19
Data version: 3
Age of data: 110 months

Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addresshttp://www.finca.org/
Year established1992
Head of InstitutionJulius Omoding
Regions activeCentral, Eastern, Northern, Western, Southern
# Branches27

Total Portfolio (nat'l)UGX 69,190,692,605
Total Portfolio (USD)USD 27,402,254.50
Active clients with loans56,372
Approximate % female clients40% - 60%
Approximate % urban clients20% - 40%
Network affiliationsFINCA International
FundersFINCA International, SEEP, Gates Foundation

Loan Products » Summary

10,570 Borrowers
USD 17,162,934.63 Portfolio
Active Product
11,953 Borrowers
USD 2,596,434.73 Portfolio
Active Product
31,375 Borrowers
USD 5,567,259.94 Portfolio
Active Product
2,474 Borrowers
USD 2,075,625.19 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
FINCA Business Loan UGX 500,000 - 200,000,000 3 - 36 20% - 40% 80% - 100% Business, Agriculture, Education Women, Men, Have business, Specific age group Credit Ins
FINCA Small Group Loan UGX 500,000 - 10,000,000 3 - 12 20% - 40% 60% - 80% Business, Agriculture, Education Women, Men, Have business, Specific age group Credit Educ, Group Mtgs, Credit Ins
FINCA Village Group Loan UGX 50,000 - 10,000,000 4 - 8 40% - 60% 20% - 40% Business, Agriculture, Education Women, Men, Have business, Specific age group Credit Educ, Group Mtgs, Credit Ins
FINCA Agriculture Loan UGX 100,000 - 60,000,000 3 - 36 40% - 60% 20% - 40% Business, Agriculture, Education Women, Men, Individual farmers & farmers in cooperatives Loan guarantee up to 50% by agribusiness initiative

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
FINCA Business Loan 24.0%-36.0% annual, Decl Bal 2 Fees 1 Ins None N/A 32.2% - 36.1% 33% - 37% 68
FINCA Small Group Loan 68.8% annual, Decl Bal 1 Fee 0 Ins None 10.0% upfront 69.2% - 71.6% 82.7% - 87.1% 81
FINCA Village Group Loan 68.8% annual, Decl Bal 1 Fee 0 Ins None 10.0% upfront 1.00% ongoing 70% - 80.5% 84.2% - 97.9% 78
FINCA Agriculture Loan 42.0%-68.8% annual, Decl Bal 2 Fees 0 Ins None N/A 59.7% - 71.5% 59.7% - 71.5% 66
Institution Price Graph
Please note that the information you are viewing is 135 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Finance Trust For The Self Employed Private Bag A232Lilongwe, Central Region
Data approved: 2013-01-08
Data version: 2
Age of data: 135 months

Product

Business Loan II (Group) Product 4 of 5 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (MWK)MWK 200,616,573.70
Portfolio (USD)USD 514,401.47
Active Clients with Loans7,792
Approximate % Female Clients40% - 60%
Approximate % Urban Clients80% - 100%
Methodology
Individual
Solidarity groupx
Village bankingx
Self help group
Other
Description
These are business loans given to relatively poor urban and semi-urban communities in group. The repayment period ranges from 4 to 12 months depending on the cycle. Clients may choose to pay biweekly or on monthly basis.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
OtherNot unacceptable businesses e.g beer brewing, tobacco, charcoal.
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurance
Workplace visitsx
Business trainingx
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution10
# Regions for this product12
Regions ActiveKasungu, Lilongwe, Mchinji, Ntcheu, Salima, Mzimba, Nkhata Bay, Balaka, Blantyre, Mulanje, Thyolo, Zomba

Loan Conditions

Loan Amount
CurrencyMWK
Minimum loan sizeMWK 5,000
Maximum loan size300,000
Distribution at Disbursement (Est.)
Loans less than MWK 50,00030%
MWK 50,000-150,00060%
MWK 150,000-250,0005%
MWK 250,000-350,0005%
MWK 350,000-450,0000
Greater than MWK 450,0000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term9.0 months
Approx average6.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months100%
Between 7 and 9 months0
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage100%
Average grace period10 days
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 interest4.00%
Highest quoted nominal interest4.00%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionApplication FeeRegistration Fee
% of loan amount - min3.00%0
% of loan amount - max3.00%0
OR, Fixed amount - min0500
Fixed amount - max0500
Reason for variationN/AOnly for 1st-cycle loans
Appears on Repayment Sched?NoNo
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
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?No
Deposit BEFORE or AT Disbursement
% loan amount deposited20.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid0
Maximum interest rate paid0
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Full Pricing Data

Business Loan II (Group) samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountMWK 10,000MWK 30,000MWK 50,000MWK 60,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2012-07-252012-09-272012-09-272012-09-13
Loan Term (Months)4.4 months4.4 months4.4 months6.0 months
Grace Period (Months)0.4 months0.4 months0.4 months0.3 months
Total Cost of CreditMWK 2,400MWK 6,200MWK 10,000MWK 16,700
True Price by Comp       
Interest price component63.4%63.2%63.2%69.1%
Fee Component36.4%20.8%17.7%12.9%
Insurance Component0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component39.8%33.1%31.8%33.1%
Full APR (int fee ins tax dep)139.6%117.1%112.7%115.1%
Transparency Index34414342
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
Business Loan II (Group) Price Graphs


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% Products with compulsory deposits
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