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

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

Product

Asset Acquisition Loan Product 2 of 9 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (UGX)UGX 772,264,828.60
Portfolio (USD)USD 308,906
Active Clients with Loans358
Approximate % Female Clients0% - 20%
Approximate % Urban Clients40% - 60%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
For small and medium income customers to acquire business and personal assets.
Loan Purpose
Any purpose
Income generation
Mortgage/housing
Consumer loanx
Agriculture
Education
Other household financex
OtherAcquire Business or Personal Assets
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 workerx
Must be specific age group
OtherMust have reliable source of income.
Other (2)The asset becomes part of loan security
# 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 size10,000,000
Distribution at Disbursement (Est.)
Loans less than UGX 1,000,0005%
UGX 1,000,000-5,000,00080%
UGX 5,000,000-7,500,0005%
UGX 7,500,000-10,000,00010%
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 average18.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months5%
Between 7 and 9 months5%
Between 10 and 12 months20%
Between 13 and 18 months40%
Longer than 18 months30%
Grace Period
Grace period usage0
Average grace period0
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 interest2.50%
Highest quoted nominal interest2.50%
Reason(s) why interest rate variesTime as Client, Client Risk
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
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

Asset Acquisition Loan samples
Sample 1Sample 3Sample 4Sample 5Sample 6
Loan AmountUGX 500,000UGX 1,500,000UGX 3,000,000UGX 6,000,000UGX 10,000,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2012-11-082012-10-172012-10-122012-10-162012-11-15
Loan Term (Months)5.0 months12.0 months10.0 months12.0 months12.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditUGX 86,750UGX 502,750UGX 850,500UGX 1,986,000UGX 3,300,000
True Price by Comp         
Interest price component48.0%50.4%50.3%50.4%50.6%
Fee Component17.0%5.4%5.9%4.5%4.4%
Insurance Component3.7%1.8%2.1%1.8%1.8%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)68.7%57.6%58.3%56.7%56.7%
Transparency Index4452515353
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF
Asset Acquisition Loan Price Graphs


Please note that the information you are viewing is 112 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Viator Microcredit Azerbaijan LLC N.Narimanov str., 207, Ganja, AzerbaijanGanjaAZ2000
Data approved: 1900-01-00
Data version: 1
Age of data: 112 months

Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addresshttp://www.viator-az.com
Year established1998
Head of InstitutionAbraham Vencent Asgapo
Regions activeGanja-Qazakh, Shaki-Zaqatala
# Branches6

Total Portfolio (nat'l)AZN 15,994,615
Total Portfolio (USD)USD 20,505,916.67
Active clients with loans19,567
Approximate % female clients20% - 40%
Approximate % urban clients40% - 60%
Network affiliationsAMFA (Azerbaijan MicroFinance Assosiation), MIX Market, MFC (Microfinance Center)
FundersIncofin Investment Management, Grameen Credit Agricole Foundation, ConCap, Symbiotics

Loan Products » Summary

11,415 Borrowers
USD 11,090,106.41 Portfolio
Active Product
2,163 Borrowers
USD 2,008,711.54 Portfolio
Active Product
74 Borrowers
USD 273,860.26 Portfolio
Active Product
473 Borrowers
USD 535,276.92 Portfolio
Active Product
272 Borrowers
USD 567,274 Portfolio
Active Product
4,771 Borrowers
USD 4,967,337 Portfolio
Active Product
187 Borrowers
USD 758,087 Portfolio
Active Product
212 Borrowers
USD 268,252 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Agricultural Loan AZN 300 - 6,000 3 - 18 20% - 40% 40% - 60% Agriculture Women, Men, Have business Business Training, Other Training
Micro-Business Loan AZN 300 - 3,000 3 - 18 20% - 40% 40% - 60% Business Women, Men, Have business Business Training, Other Training
Small Enterprise Loan AZN 3,000 - 8,000 3 - 18 20% - 40% 40% - 60% Business Women, Men, Have business Business Training, Other Training
Social Business Loan AZN 3,000 - 8,000 3 - 18 20% - 40% 40% - 60% Business Women, Men, Have business Business Training, Other Training
Agricultural Loan USD USD 400 - 8,000 3 - 18 20% - 40% 40% - 60% Agriculture Women, Men, Have business Business Training, Other Training
Micro-Business Loan USD USD 400 - 4,000 3 - 18 40% - 60% 40% - 60% Business Women, Men, Have business Business Training, Other Training
Small Enterprise Loan USD USD 4,000 - 10,000 3 - 18 20% - 40% 40% - 60% Business Women, Men, Have business Business Training, Other Training
Social Business Loan USD USD 4,000 - 10,000 3 - 18 20% - 40% 40% - 60% Business Women, Men, Have business Business Training, Other Training

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Agricultural Loan 28.8%-34.8% annual, Decl Bal 1 Fee 1 Ins None N/A 33.7% - 34.4% 35.3% - 36.4% 80
Micro-Business Loan 28.8%-34.8% annual, Decl Bal 1 Fee 1 Ins None N/A 34.5% - 34.6% 36.5% - 36.6% 79
Small Enterprise Loan 28.8%-34.8% annual, Decl Bal 1 Fee 1 Ins None N/A 0% 0% N/A
Social Business Loan 28.8% annual, Decl Bal 1 Fee 1 Ins None N/A 31.1% 32.5% 89
Agricultural Loan USD 28.8%-34.8% annual, Decl Bal 1 Fee 1 Ins None N/A 33.4% 34.9% 83
Micro-Business Loan USD 28.8%-34.8% annual, Decl Bal 1 Fee 1 Ins None N/A 33.5% - 34.7% 34.9% - 36.7% 80
Small Enterprise Loan USD 28.8%-34.8% annual, Decl Bal 1 Fee 1 Ins None N/A 32.6% 34% 85
Social Business Loan USD 28.8% annual, Decl Bal 1 Fee 1 Ins None N/A 31.1% 32.5% 89
Institution Price Graph
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Key Statistics
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# 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
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Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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