| Number borrowers | 963 |
| Loan Amount (range) | UGX 500,000 - 30,000,000 |
| Loan Term (range) | 6 - 12 |
| Other Services (text summary) | Credit Educ, Credit Ins, Tech Asst Visits, Post disbursement monitoring |
| Annual Interest & Method | 36.00% annual, Decl Bal |
| Fees | 2 fees |
| Insurance | 1.00% upfront |
| Tax | None |
| Comp Dep | N/A |
| Range of pricing | |
| Interest Price Component | 34.5% - 35.3% |
| Fee Component | 0.2% - 3.6% |
| Insurance Component | 1.7% - 2.9% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 37.4% - 41.7% |
| Transparency Index (min/max) | 86 - 96 |
| Transparency Index (average) | 93 |
| 9,843 |
| UGX 50,000 - 5,000,000 |
| 4 - 12 |
| Credit Educ, Group Mtgs, Tech Asst Visits, Business Training |
| 36.00% annual, Flat |
| 2.00% upfront |
| 20,000 upfront |
| None |
| 20.00% upfront |
| 27.7% - 58.0% |
| 1.5% - 9.9% |
| 0.2% - 25.6% |
| 0 |
| 67.0% - 69.1% |
| 36 - 86 |
| 52 |
| Outstanding portfolio (UGX) | UGX 1,436,372,327 |
| Portfolio (USD) | USD 574,549 |
| Active Clients with Loans | 963 |
| Approximate % Female Clients | 20% - 40% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | x |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | Improvement on family's welfare, social and economic status. |
| Other (2) |
| Credit education | x |
| Group meetings | |
| Credit insurance | x |
| Workplace visits | x |
| Business training | |
| Other training | |
| Other | Post disbursement monitoring |
| Other (2) | |
| No other services |
| Men | x |
| Women | x |
| Must run a business | |
| Must own a home or land | x |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | Small group of about 5 members |
| Other (2) |
| # Regions for this institution | 1 |
| # Regions for this product | 1 |
| Regions Active | Western |
| Outstanding portfolio (UGX) | UGX 1,572,430,114 |
| Portfolio (USD) | USD 622,744.60 |
| Active Clients with Loans | 9,843 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | |
| Solidarity group | x |
| Village banking | x |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | x |
| Agriculture | |
| Education | x |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| Credit insurance | |
| Workplace visits | x |
| Business training | x |
| Other training | |
| Other | |
| Other (2) | |
| No other services |
| Men | x |
| Women | x |
| Must run a business | x |
| Must own a home or land | x |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | 1 |
| # Regions for this product | 1 |
| Regions Active | Western |
| Currency | UGX |
| Minimum loan size | UGX 500,000 |
| Maximum loan size | 30,000,000 |
| Loans less than UGX 1,000,000 | 10% |
| 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 | 12.0 months |
| Approx average | 8.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 20% |
| Between 10 and 12 months | 80% |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| Grace period usage | 100% |
| Average grace period | 2.0 months |
| 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 | UGX |
| Minimum loan size | UGX 50,000 |
| Maximum loan size | 5,000,000 |
| Loans less than UGX 1,000,000 | 50% |
| UGX 1,000,000-5,000,000 | 50% |
| UGX 5,000,000-7,500,000 | 0 |
| UGX 7,500,000-10,000,000 | 0 |
| UGX 10,000,000-13,000,000 | 0 |
| Greater than UGX 13,000,000 | 0 |
| Shortest loan term | 4.0 months |
| Longest loan term | 12.0 months |
| Approx average | 8.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 50% |
| Between 10 and 12 months | 50% |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | |
| Every 2 weeks | x |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 3.00% |
| Highest quoted nominal interest | 3.00% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | Fee 2 | ||
|---|---|---|---|
| Description | Loan Application Fee | Site Visit Fee | |
| % of loan amount - min | 0 | 0 | |
| % of loan amount - max | 0 | 0 | |
| OR, Fixed amount - min | 5,000 | 5,000 | |
| Fixed amount - max | 5,000 | 5,000 | |
| Reason for variation | N/A | N/A | |
| Appears on Repayment Sched? | No | No |
| Ins 1 | |
|---|---|
| Description | Loan Insurance Fee |
| % of loan amount - min | 1.00% |
| % of loan amount - max | 1.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
| Required for | Never |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | N/A |
| Do borrowers control deposit in their group? | N/A |
| % loan amount deposited | N/A |
| or, Fixed-amount deposited | N/A |
| % loan amount deposited | N/A |
| or, Fixed-amount deposited | N/A |
| Conditions on access to deposit | N/A |
| Minimum interest rate paid | N/A |
| Maximum interest rate paid | N/A |
| Interest payment frequency | N/A |
| Are taxes charged on this product? | No |
| Lowest quoted nominal interest | 3.00% |
| Highest quoted nominal interest | 3.00% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Application Fee |
| % of loan amount - min | 2.00% |
| % of loan amount - max | 2.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
| Ins 1 | |
|---|---|
| Description | Life Insurance |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 20,000 |
| Fixed amount - max | 20,000 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | No |
| Do borrowers control deposit in their group? | Yes |
| % loan amount deposited | 20.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 10.00% |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | Final Pmt |
| Minimum interest rate paid | 0 |
| Maximum interest rate paid | 0 |
| Interest payment frequency | N/A |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | UGX 800,000 | UGX 1,500,000 | UGX 3,000,000 | UGX 6,000,000 | UGX 8,000,000 | UGX 12,000,000 | |||||
| Loan Cycle (1, 2, 3, etc) | 1 | 2 | 3 | 7 | 4 | 3 | |||||
| Disbursement Date | 2012-05-23 | 2012-06-26 | 2012-06-11 | 2012-06-11 | 2012-07-23 | 2012-07-25 | |||||
| Loan Term (Months) | 8.0 months | 8.0 months | 12.0 months | 8.0 months | 12.0 months | 12.0 months | |||||
| Grace Period (Months) | 1.0 month | 1.0 month | 4.1 months | 1.1 months | 2.1 months | 1.0 month | |||||
| Total Cost of Credit | UGX 126,000 | UGX 227,500 | UGX 760,000 | UGX 880,000 | UGX 1,769,999 | UGX 2,470,000 | |||||
| True Price by Comp | |||||||||||
| Interest price component | 35.2% | 35.3% | 35.2% | 34.5% | 35.3% | 35.3% | |||||
| Fee Component | 3.6% | 1.9% | 0.5% | 0.5% | 0.3% | 0.2% | |||||
| Insurance Component | 2.9% | 2.9% | 1.7% | 2.8% | 1.9% | 2.1% | |||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
| Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
| Full APR (int fee ins tax dep) | 41.7% | 40.1% | 37.4% | 37.8% | 37.5% | 37.6% | |||||
| Transparency Index | 86 | 90 | 96 | 95 | 96 | 96 | |||||
| Original Repayment Schedule | |||||||||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | UGX 2,250,000 | UGX 2,300,000 | UGX 2,500,000 | UGX 3,000,000 | |||
| Loan Cycle (1, 2, 3, etc) | 4 | 6 | 8 | 15 | |||
| Disbursement Date | 2012-08-03 | 2012-09-19 | 2012-05-05 | 2012-07-23 | |||
| Loan Term (Months) | 6.0 months | 4.1 months | 4.1 months | 6.0 months | |||
| Grace Period (Months) | 1.0 month | 1.0 month | 1.0 month | 0.0 months | |||
| Total Cost of Credit | UGX 470,000 | UGX 342,000 | UGX 370,000 | UGX 620,000 | |||
| True Price by Comp | |||||||
| Interest price component | 57.3% | 54.8% | 54.6% | 57.4% | |||
| Fee Component | 7.2% | 9.9% | 9.8% | 7.2% | |||
| Insurance Component | 3.2% | 4.4% | 4.0% | 2.4% | |||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Full APR (int fee ins tax dep) | 67.7% | 69.1% | 68.4% | 67.0% | |||
| Transparency Index | 53 | 52 | 53 | 54 | |||
| 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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| to ∞ | ||||||
