| Number borrowers | 610 |
| Loan Amount (range) | UGX 1,000,000 - 30,000,000 |
| Loan Term (range) | 6 - 24 |
| Other Services (text summary) | Tech Asst Visits |
| Annual Interest & Method | 25.00%-36.00% annual, Decl Bal |
| Fees | 2 fees |
| Insurance | 1.00%-1.50% upfront |
| Tax | None |
| Comp Dep | 10.00% upfront |
| Range of pricing | |
| Interest Price Component | 31.7% - 49.2% |
| Fee Component | 4.0% - 19.8% |
| Insurance Component | 2.0% - 3.6% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 50.9% - 65.8% |
| Transparency Index (min/max) | 38 - 49 |
| Transparency Index (average) | 42 |
| 355 |
| MWK 65,000 - 180,000 |
| 6 - 10 |
| Group Mtgs, Tech Asst Visits, Business Training, Other Training, Group Dynamics |
| 48.00% annual, Flat |
| None |
| None |
| None |
| 20.00% upfront |
| 36.2% - 108.4% |
| 0 |
| 0 |
| 0 |
| 107.4% - 107.5% |
| 36 - 124 |
| 44 |
| Outstanding portfolio (UGX) | UGX 3,118,674,664 |
| Portfolio (USD) | USD 1,247,470 |
| Active Clients with Loans | 610 |
| Approximate % Female Clients | 20% - 40% |
| Approximate % Urban Clients | 60% - 80% |
| Individual | x |
| Solidarity group | |
| 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 | |
| Credit insurance | |
| Workplace visits | x |
| Business training | |
| 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 | |
| Other | |
| Other (2) |
| # Regions for this institution | 3 |
| # Regions for this product | 1 |
| Regions Active | Central |
| Outstanding portfolio (MWK) | MWK 38,676,155 |
| Portfolio (USD) | USD 99,169.63 |
| Active Clients with Loans | 355 |
| 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 | |
| Workplace visits | x |
| Business training | x |
| Other training | x |
| Other | Group Dynamics |
| Other (2) | |
| No other services |
| Men | |
| Women | x |
| Must run a business | x |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | 18 |
| # Regions for this product | 16 |
| Regions Active | Dowa, Lilongwe, Nkhotakota, Ntcheu, Ntchisi, SalimaKaronga, Mzimba, Nkhata Bay, Rumphi, Balaka, Blantyre, Chikwawa, Machinga, Mulanje, Zomba |
| Currency | UGX |
| Minimum loan size | UGX 1,000,000 |
| Maximum loan size | 30,000,000 |
| Loans less than UGX 1,000,000 | 0 |
| UGX 1,000,000-5,000,000 | 15% |
| UGX 5,000,000-7,500,000 | 15% |
| 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 | 6.0 months |
| Longest loan term | 24.0 months |
| Approx average | 12.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 15% |
| Between 7 and 9 months | 5% |
| Between 10 and 12 months | 60% |
| Between 13 and 18 months | 5% |
| Longer than 18 months | 15% |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Currency | MWK |
| Minimum loan size | MWK 65,000 |
| Maximum loan size | 180,000 |
| Loans less than MWK 50,000 | 0 |
| MWK 50,000-150,000 | 90% |
| MWK 150,000-250,000 | 10% |
| MWK 250,000-350,000 | 0 |
| MWK 350,000-450,000 | 0 |
| Greater than MWK 450,000 | 0 |
| Shortest loan term | 6.0 months |
| Longest loan term | 10.0 months |
| Approx average | 6.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 90% |
| Between 7 and 9 months | 10% |
| 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 | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 25.00% |
| Highest quoted nominal interest | 36.00% |
| Reason(s) why interest rate varies | Loan Size, Depends on the investor who is funding the client. |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | Yes |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | Fee 2 | ||
|---|---|---|---|
| Description | Loan Commission | Loan Application Fee & Registration Fee | |
| % of loan amount - min | 4.00% | 0 | |
| % of loan amount - max | 6.00% | 0 | |
| OR, Fixed amount - min | 0 | 15,000 | |
| Fixed amount - max | 0 | 35,000 | |
| Reason for variation | 6% for loans 500,000 to 5M, 4% for loans above 5M | 5000 stamp duty, 10000 for existing client, 30000 for new clients | |
| Appears on Repayment Sched? | Yes | Yes |
| Ins 1 | |
|---|---|
| Description | Loan Insurance |
| % of loan amount - min | 1.00% |
| % of loan amount - max | 1.50% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | 1% for loans < 12 months, 1.5% for loans > 12 months |
| Appears on Repayment Sched? | No |
| Required for | Some |
| Criteria | Required for clients without registerd securities e.g. car log books & land titles |
| Is deposit indicated on the repayment schedule? | No |
| Do borrowers control deposit in their group? | No |
| % loan amount deposited | 10.00% |
| 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 |
| Lowest quoted nominal interest | 4.00% |
| Highest quoted nominal interest | 4.00% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | Yes |
| 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 | 5.00% |
| Maximum interest rate paid | 7.00% |
| Interest payment frequency | Annually |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | UGX 1,418,397.12 | UGX 3,141,242.50 | UGX 6,023,052 | UGX 9,576,215 | UGX 10,799,556 | ||||
| Loan Cycle (1, 2, 3, etc) | 1 | 2 | 3 | 2 | 2 | ||||
| Disbursement Date | 2012-05-28 | 2012-05-31 | 2012-03-07 | 2012-05-31 | 2012-02-21 | ||||
| Loan Term (Months) | 10.0 months | 12.0 months | 12.0 months | 12.0 months | 18.0 months | ||||
| Grace Period (Months) | 0.2 months | 0.1 months | 0.2 months | 0.1 months | 0.1 months | ||||
| Total Cost of Credit | UGX 364,502.13 | UGX 880,553.76 | UGX 1,593,608.94 | UGX 2,850,957.85 | UGX 3,812,096.20 | ||||
| True Price by Comp | |||||||||
| Interest price component | 32.5% | 34.6% | 32.4% | 37.8% | 31.7% | ||||
| Fee Component | 19.8% | 12.9% | 12.4% | 12.3% | 8.6% | ||||
| Insurance Component | 2.5% | 2.1% | 2.1% | 2.1% | 2.2% | ||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Deposit Component | 11.0% | 9.8% | 9.3% | 10.2% | 8.4% | ||||
| Full APR (int fee ins tax dep) | 65.8% | 59.4% | 56.2% | 62.4% | 50.9% | ||||
| Transparency Index | 38 | 42 | 44 | 40 | 49 | ||||
| Original Repayment Schedule | |||||||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | MWK 100,000 | MWK 110,000 | MWK 150,000 | MWK 180,000 | |||
| Loan Cycle (1, 2, 3, etc) | 4 | 2 | 4 | 2 | |||
| Disbursement Date | 2012-10-30 | 2012-10-08 | 2012-10-30 | 2012-10-30 | |||
| Loan Term (Months) | 6.0 months | 6.0 months | 6.0 months | 6.0 months | |||
| Grace Period (Months) | 0.0 months | 0.2 months | 0.0 months | 0.0 months | |||
| Total Cost of Credit | MWK 24,000 | MWK 26,400 | MWK 36,000 | MWK 43,200 | |||
| True Price by Comp | |||||||
| Interest price component | 75.7% | 75.8% | 75.7% | 75.7% | |||
| Fee Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Deposit Component | 31.7% | 31.7% | 31.7% | 31.7% | |||
| Full APR (int fee ins tax dep) | 107.4% | 107.5% | 107.4% | 107.4% | |||
| Transparency Index | 45 | 45 | 45 | 45 | |||
| 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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