Institution Type | Non-Governmental Organization |
Is this institution regulated? | Yes |
Website address | http://www.ugafode.co.ug/ |
Year established | 1995 |
Head of Institution | Twamuhabwa Wilson |
Regions active | Central, Western |
# Branches | 12 |
Total Portfolio (nat'l) | UGX 11,801,115,327 |
Total Portfolio (USD) | USD 4,720,446.13 |
Active clients with loans | 8,197 |
Approximate % female clients | 20% - 40% |
Approximate % urban clients | 0% - 20% |
Network affiliations | AMFIU |
Funders | Oikocredit, Microfinance Support Centre, Access Africa Fund, Agribusiness Trust |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Agricultural Loan | UGX 100,000 - 23,000,000 | 3 - 36 | 0% - 20% | 0% - 20% | Business, Other, Agricultural production, marketing, processing, trading, cattle trading, poultry, etc. | Women, Men, Have business, Specific age group, Collateral like land, motor vehicle, cattle required | Credit Ins | |||||||
Asset Acquisition Loan | UGX 100,000 - 10,000,000 | 3 - 36 | 0% - 20% | 40% - 60% | Consumer, Other, Acquire Business or Personal Assets | Women, Men, Have business, Salaried worker, Must have reliable source of income., The asset becomes part of loan security | Credit Ins | |||||||
Flexible Housing Loan | UGX 200,000 - 3,000,000 | 3 - 24 | 0% - 20% | 20% - 40% | Housing | Women, Men, Have business, Have home or land, Salaried worker | Credit Ins | |||||||
Micro Business Individual Loan | UGX 100,000 - 5,000,000 | 3 - 24 | 20% - 40% | 20% - 40% | Business | Women, Men, Have business, Business must least 3 months old, Must have security. | Credit Ins | |||||||
Micro Mortgage Loan | UGX 500,000 - 23,000,000 | 3 - 36 | 20% - 40% | 20% - 40% | Housing, Other, Land acquisition | Women, Men, Have business, Salaried worker | Credit Ins | |||||||
Small & Medium Enterprise Loan | UGX 10,000,000 - 23,000,000 | 3 - 36 | 20% - 40% | 40% - 60% | Business, Other, Business Assets, Construction | Women, Men, Have business, Have home or land, Must have a registered security, e.g. land title | Credit Ins | |||||||
Small Business Loan | UGX 5,000,000 - 10,000,000 | 3 - 24 | 20% - 40% | 40% - 60% | Business, Other, Acquire Business Assets | Women, Men, Have business, Fixed Security, i.e. land required | Credit Ins | |||||||
School Fees Loan | UGX 100,000 - 5,000,000 | 3 - 24 | 40% - 60% | 20% - 40% | Education | Women, Men, Have business, Salaried worker | Credit Ins | |||||||
Micro Business Group Loan | UGX 100,000 - 5,000,000 | 3 - 24 | 40% - 60% | 0% - 20% | Business | Women, Men, Have business | Group Mtgs, Credit Ins |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Agricultural Loan | 30.00% annual, Decl Bal | 2 Fees | 1 Ins | None | N/A | 40.5% - 46.5% | 42.2% - 49.7% | 65 | ||||||||
Asset Acquisition Loan | 30.00% annual, Flat | 2 Fees | 1 Ins | None | N/A | 54.9% - 65% | 56.7% - 68.7% | 50 | ||||||||
Flexible Housing Loan | 24.00% annual, Flat | 2 Fees | 1 Ins | None | N/A | 59.6% - 63.9% | 60.8% - 65.9% | 37 | ||||||||
Micro Business Individual Loan | 36.00% annual, Flat | 2 Fees | 1 Ins | None | N/A | 63.1% - 69.9% | 65.2% - 73.1% | 52 | ||||||||
Micro Mortgage Loan | 30.00% annual, Decl Bal | 2 Fees | 1 Ins | None | N/A | 31.1% - 35.5% | 32.3% - 37.9% | 86 | ||||||||
Small & Medium Enterprise Loan | 30.00% annual, Decl Bal | 2 Fees | 1 Ins | None | N/A | 28.3% - 33.8% | 31.3% - 35.5% | 88 | ||||||||
Small Business Loan | 30.00% annual, Flat | 2 Fees | 1 Ins | None | N/A | 55% - 55.1% | 56.7% - 56.9% | 52 | ||||||||
School Fees Loan | 30.00% annual, Flat | 2 Fees | 1 Ins | None | N/A | 57.7% - 73.5% | 60.8% - 78% | 45 | ||||||||
Micro Business Group Loan | 36.00% annual, Flat | 2 Fees | 1 Ins | None | 10.00% upfront | 65.7% - 80.6% | 80.2% - 99.8% | 41 |
Outstanding portfolio (KHR) | KHR 23,394,280,800 |
Portfolio (USD) | USD 5,922,602.73 |
Active Clients with Loans | 15,264 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 60% - 80% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | x |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | |
Group meetings | |
Credit insurance | |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services | x |
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 | 22 |
# Regions for this product | 22 |
Regions Active | Banteay Meanchey, Battambang, Kampong Cham, Kampong Chhnang, Kampong Speu, Kampong Thom, Kampot, Kandal, Koh KongKratié, Oddar Meancheay, Pailin, Phnom Penh, Sihanoukville, Preah Vihear, Pursat, Prey Veng, RatanakiriSiem Reap, Stung Treng, Svay Rieng, Takéo |
Currency | KHR |
Minimum loan size | KHR 200,000 |
Maximum loan size | 20,000,000 |
Loans less than KHR 1,000,000 | 0 |
KHR 1,000,000-3,500,000 | 30% |
KHR 3,500,000-6,000,000 | 30% |
KHR 6,000,000-8,000,000 | 15% |
KHR 8,000,000-10,000,000 | 10% |
Greater than KHR 10,000,000 | 10% |
Shortest loan term | 1.0 month |
Longest loan term | 30.0 months |
Approx average | 15.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 5% |
Between 7 and 9 months | 5% |
Between 10 and 12 months | 90% |
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 | 2.30% |
Highest quoted nominal interest | 3.50% |
Reason(s) why interest rate varies | Time as Client, Loan Size, Client Risk, Loan Purpose |
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 | |
---|---|
Description | Upfront fee |
% of loan amount - min | 0.20% |
% of loan amount - max | 0.20% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Fee charged are based on loan size. |
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 |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | KHR 300,000 | KHR 600,000 | KHR 1,200,000 | KHR 2,500,000 | KHR 7,200,000 | KHR 12,000,000 | |||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
Disbursement Date | 2013-03-21 | 2013-01-22 | 2013-01-02 | 2013-02-12 | 2013-03-20 | 2013-01-16 | |||||
Loan Term (Months) | 11.0 months | 12.0 months | 10.0 months | 12.0 months | 25.0 months | 24.0 months | |||||
Grace Period (Months) | 0.6 months | -0.2 months | 0.0 months | -0.1 months | 0.5 months | 0.0 months | |||||
Total Cost of Credit | KHR 52,000 | KHR 96,000 | KHR 168,900 | KHR 414,800 | KHR 2,384,500 | KHR 3,813,200 | |||||
True Price by Comp | |||||||||||
Interest price component | 33.1% | 30.1% | 30.1% | 30.0% | 30.0% | 30.1% | |||||
Fee Component | 0.4% | 0.4% | 0.4% | 0.4% | 0.3% | 0.2% | |||||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
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) | 33.5% | 30.5% | 30.5% | 30.4% | 30.3% | 30.3% | |||||
Transparency Index | 82 | 91 | 90 | 91 | 91 | 91 | |||||
Original Repayment Schedule | |||||||||||
MFT Pricing Calculation |
Key Statistics | |
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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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