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Institution

UGAFODE Microfinance Limited (MDI) Plot 62, Bombo RdKampala, Uganda
Data approved: 2012-11-14
Data version: 2
Age of data: 136 months

Product

Agricultural Loan Product 1 of 9 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (UGX)UGX 2,024,603,822
Portfolio (USD)USD 809,842
Active Clients with Loans1,452
Approximate % Female Clients0% - 20%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Loans for agricultural activities, namely agricultural productions, marketing, processing, cattle trading, poultry, etc.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household financex
OtherAgricultural production, marketing, processing, trading, cattle trading, poultry, etc.
Other (2)
Included Services
Credit education
Group meetings
Credit insurancex
Workplace visits
Business training
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 groupx
OtherCollateral like land, motor vehicle, cattle required
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution2
# Regions for this product2
Regions ActiveCentral, Western

Loan Conditions

Loan Amount
CurrencyUGX
Minimum loan sizeUGX 100,000
Maximum loan size23,000,000
Distribution at Disbursement (Est.)
Loans less than UGX 1,000,00015%
UGX 1,000,000-5,000,00080%
UGX 5,000,000-7,500,0005%
UGX 7,500,000-10,000,0000
UGX 10,000,000-13,000,0000
Greater than UGX 13,000,0000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term36.0 months
Approx average10.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months20%
Between 7 and 9 months20%
Between 10 and 12 months30%
Between 13 and 18 months10%
Longer than 18 months20%
Grace Period
Grace period usage10%
Average grace period3.0 months
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterlyx
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest2.50%
Highest quoted nominal interest2.50%
Reason(s) why interest rate variesTime as Client, Client Risk, n/a
Interest rate periodMonthly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionLoan Application Fee & Stamp DutyLoan Commission
% of loan amount - min02.00%
% of loan amount - max02.00%
OR, Fixed amount - min10,0000
Fixed amount - max15,0000
Reason for variationAp Fee = 10,000. Stamp Duty = 5,000 for loans > 2MN/A
Appears on Repayment Sched?NoNo
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionLoan Insurance Premium
% of loan amount - min0.85%
% of loan amount - max0.85%
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 forNever
CriteriaN/A
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
Taxes
Are taxes charged on this product?No

Full Pricing Data

Agricultural Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountUGX 1,000,000UGX 800,000UGX 1,500,000UGX 3,000,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2012-11-152012-10-192012-10-192012-10-19
Loan Term (Months)6.0 months8.0 months10.0 months12.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditUGX 146,085.01UGX 144,520.88UGX 311,207.50UGX 717,135
True Price by Comp       
Interest price component35.7%35.5%35.5%35.5%
Fee Component10.8%9.2%6.2%5.0%
Insurance Component3.2%2.4%2.0%1.7%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)49.7%47.1%43.7%42.2%
Transparency Index60646971
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
Agricultural Loan Price Graphs


Institution # Borrowers Portfolio (US$) Products Age of Data
Adhikar35,3002,674,0001131
AMPL000131
Arman41,500529,107,0001131
Arohan43,5008,091,0002131
ASA INDIA164,00015,380,0001131
Asirvad113,50019,328,0001131
Asmitha1,114,800217,867,0001131
Bandhan4,048,600674,564,0005131
Belstar123,00023,945,0002110
BSFL275,20031,590,0003131
Chaitanya20,7003,748,0003131
Disha Microfin69,00014,332,0002131
Equitas1,220,000186,415,0004131
ESAF354,20043,500,0005131
FFSL150,60035,719,0002131
Fusion66,8009,820,0002131
Grama Vidiyal738,200102,101,0001131
Grameen Koota586,60083,555,00015133
Janalakshmi506,000119,077,0002131
L & T Finance399,80037,199,0001131
MFL331,80049,083,0001131
MMFL175,00023,752,0002131
Mpower13,6002,263,0002131
Sahayata000131
Saija24,7004,682,0002131
Samasta45,5004,809,0002131
Satin405,60090,174,0002131
SCCI115,60015,910,0002131
Share2,195,400376,727,0001131
SKS3,409,000355,029,0002131
SMILE360,20056,927,0001131
SNFL9,4001,779,0001131
Sonata Finance158,20022,724,0003133
Spandana533,400147,240,0002131
Suryoday78,60014,713,0003131
SVCL118,20018,886,0001131
Swadhaar92,80017,166,0003131
Trident68,7008,852,0001131
Ujjivan913,300160,848,0005131
Utkarsh168,60025,915,0003131
VFS175,40019,264,0002131
Asomi50,3004,743,0002164
AES India3,600286,0001164
Arth2,900611,0002164
Asomi50,3004,743,0002164
Barasat GS1,10099,508.021164
BJS6,000468,0001164
Cashpor417,00050,452,0001163
Credible10,0001,669,540.362164
DIBAKAR1,800145,0001163
GOF65,2005,388,0004163
Hope62,6004,407,0001161
Jaago2,700237,0001162
LOK4,900573,0001163
Nano25,6003,660,0002164
NBSAAVS28,1002,821,0001161
Nirantara8,200917,0002163
Parama7,100482,0001163
Pragathi26,2004,579,0006163
PWMACS36,5005,946,0001163
Saadhana90,90012,046,0002163
Sambhav1,500183,0003163
Seba Rahara6,700468,0001163
SU61,1005,498,0001163
Swayanshree7,900918,0002163
Vikas Samiti1,600168,0001163
Vistaar4,3001,157,0002161
We The People1,100244,0002163
WEMCS1,10085,0001163
Yukti1,10099,0002163
Caps / Zoom options
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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