Please note that the information you are viewing is 136 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Gatsby Microfinance Ltd Head OfficeKampala, Central RegionPO Box 8752
Data approved: 2012-07-20
Data version: 2
Age of data: 136 months

Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?No
Website addressN/A
Year established2006
Head of InstitutionEmmanuel Victor Kimbowa
Regions activeCentral, Eastern, Western
# Branches0

Total Portfolio (nat'l)UGX 6,100,589,732
Total Portfolio (USD)USD 2,440,235.89
Active clients with loans1,346
Approximate % female clients40% - 60%
Approximate % urban clients20% - 40%
Network affiliationsAMFIU
FundersGatsby Charitable Foundation

Loan Products » Summary

736 Borrowers
USD 1,192,766 Portfolio
Active Product
610 Borrowers
USD 1,247,470 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Gatsby Microfinance General Loan UGX 1,000,000 - 30,000,000 6 - 24 40% - 60% 40% - 60% Business Women, Men, Have business, The type of business must be in line with the company mission Tech Asst Visits
Myc4 Loan UGX 1,000,000 - 30,000,000 6 - 24 20% - 40% 60% - 80% Business Women, Men, Have business Tech Asst Visits

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Gatsby Microfinance General Loan 30.00% annual, Flat 2 Fees 1 Ins None 10.00% upfront 53.1% - 54.9% 65.3% - 69.3% 45
Myc4 Loan 25.00%-36.00% annual, Decl Bal 2 Fees 1 Ins None 10.00% upfront 40.3% - 52.3% 50.9% - 65.8% 42
Institution Price Graph
Please note that the information you are viewing is 133 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Data approved: 2013-06-25
Data version: 2
Age of data: 133 months

Product

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Product Details

Key Statistics
Outstanding portfolio (KES)KES 54,650,456.25
Portfolio (USD)USD 660,029.66
Active Clients with Loans489
Approximate % Female Clients40% - 60%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Targets medium-sized businesses of individuals in groups of 5-10 members.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
OtherOnly working capital
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visitsx
Business trainingx
Other training
OtherHealth Insurance - optional
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 institution5
# Regions for this product5
Regions ActiveCentral, Eastern, Nairobi, Rift Valley, Western

Loan Conditions

Loan Amount
CurrencyKES
Minimum loan sizeKES 50,000
Maximum loan size300,000
Distribution at Disbursement (Est.)
Loans less than KES 50,00030%
KES 50,000-150,00070%
KES 150,000-250,0000
KES 250,000-350,0000
KES 350,000-450,0000
Greater than KES 450,0000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term24.0 months
Approx average9.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months20%
Between 7 and 9 months10%
Between 10 and 12 months50%
Between 13 and 18 months10%
Longer than 18 months10%
Grace Period
Grace period usage0
Average grace period0.3 months
Repayment Frequency
Daily
Weeklyx
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 interest22.00%
Highest quoted nominal interest22.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionLoan Processing Fee
% of loan amount - min1.00%
% of loan amount - max1.00%
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
DescriptionInsurance 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 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 depositedKES 500
Conditions on access to depositAccess During
Interest Paid on Deposit
Minimum interest rate paid0.50%
Maximum interest rate paid0.50%
Interest payment frequencyEnd Term
Taxes
Are taxes charged on this product?No

Full Pricing Data

Daraja Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountKES 50,000KES 95,000KES 200,000KES 350,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2013-06-212013-07-122013-07-092013-07-17
Loan Term (Months)12.0 months12.0 months12.0 months12.0 months
Grace Period (Months)0.2 months0.2 months0.2 months0.2 months
Total Cost of CreditKES 12,500KES 23,750KES 50,000KES 87,500
True Price by Comp       
Interest price component38.9%38.9%38.9%38.9%
Fee Component2.1%2.0%2.0%2.0%
Insurance Component4.1%4.2%4.2%4.2%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component74.0%45.4%32.3%27.9%
Full APR (int fee ins tax dep)119.1%90.5%77.4%73.0%
Transparency Index18242830
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
Daraja Loan Price Graphs


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