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Vision
"All economically active population of Uganda accessing financial services."
Mission
"To be a leading Financial Institution providing suitable financial services to the economically active population in Uganda."
Background
PEARL Microfinance Ltd is a company limited by shares. PEARL (Promotion of Economic transformation And Realization of sustainable Livelihood) was originally founded as a part of Feed the Children Uganda (FTCU). After 12 years working as the community-banking department of FTCU, Pearl spun off to work as a for-profit microfinance institution in July 2006 when it was registered as a company limited by shares.
PEARL grew its portfolio, and built its capacity, from donations, grants, and loans from a large variety of organizations: Canadian Feed The Children, SUFFICE, STROMME Foundation, Action Aid Uganda/European Union, ECLOF, Microfinance Outreach Plan, USAID- PRESTO, SPEED projects, Microfinance Support Center, OIKO Credit, Kiva, and Post Bank.
Currently, PEARL Microfinance is regarded as one of the most progressive micro-finance institutions in Uganda. It is an active member of the Association of Microfinance Institutions of Uganda (AMFIU) and Institute of Corporate Governance of Uganda (ICGU). AMFIU rates it in category A in terms of its operations, portfolio size and quality, outreach, operational/financial sustainability and other key aspects.
Operations
PEARL operates in 16 Districts of Uganda, using 11 branch offices and 3 field offices. Currently PEARL serves over 16,000 clients with a portfolio size of 2.5 million USD.
Types of Loans offered:
- Group Loans to community banking groups with membership of 15 - 45 people.
- Solidarity group loans to small groups of 5 – 15 members.
- Salary earner group loans to staff of institutions/organizations e.g Schools, Hospitals, Prisons and Police departments, NGOs etc.
- An agricultural loan product
- Individual loans
- School fees loans
- SME
Additional financial products offered:
- Savings mobilization through Commercial banks.
- Loan insurance to cover natural and accidental death of client.
- Basic training in credit and business management skills.
Future Plans
Build a leading financial institution/company licensed by Bank of Uganda.
Jed Goldstein
Dennis Kakeeto
Stephanie Koczela
Jennifer Mugalu
Herbert Musinguzi
Grace Nattoolo
Uganda > Pearl Microfinance Limited
About the Field Partner
About the Field Partner
| Field Partner: | Pearl Microfinance Limited |
|---|---|
| Field Partner Risk Rating: | |
| Time On Kiva: | 26 months |
| Kiva Entrepreneurs: | 10752 |
| Total Loans: | $2,902,500 |
| Delinquency Rate: | 0.00% |
| Default Rate: | 0.00% |
| Currency Exchange Loss Rate: | 0.00% |
| See all loans from this field partner >> |
Kiva Fundraising Status
Kiva Fundraising Status
| Fundraising Status: | Active |
|---|---|
See all fundraising loans from this field partner >>
|
Other Information Sources
Other Information Sources
| MIX Profile: | View MIX Profile |
|---|---|
| Network Affiliation: | AMFIU - Association of Microfinance Institutions of Uganda |
| Social Performance Reporting Level: | N/A |
| Consumer Protection Principles: | N/A |
| Field Partner Website: | None |
| Email Contact: | None |
Vision
"All economically active population of Uganda accessing financial services."
Mission
"To be a leading Financial Institution providing suitable financial services to the economically active population in Uganda."
Background
PEARL Microfinance Ltd is a company limited by shares. PEARL (Promotion of Economic transformation And Realization of sustainable Livelihood) was originally founded as a part of Feed the Children Uganda (FTCU). After 12 years working as the community-banking department of FTCU, Pearl spun off to work as a for-profit microfinance institution in July 2006 when it was registered as a company limited by shares.
PEARL grew its portfolio, and built its capacity, from donations, grants, and loans from a large variety of organizations: Canadian Feed The Children, SUFFICE, STROMME Foundation, Action Aid Uganda/European Union, ECLOF, Microfinance Outreach Plan, USAID- PRESTO, SPEED projects, Microfinance Support Center, OIKO Credit, Kiva, and Post Bank.
Currently, PEARL Microfinance is regarded as one of the most progressive micro-finance institutions in Uganda. It is an active member of the Association of Microfinance Institutions of Uganda (AMFIU) and Institute of Corporate Governance of Uganda (ICGU). AMFIU rates it in category A in terms of its operations, portfolio size and quality, outreach, operational/financial sustainability and other key aspects.
Operations
PEARL operates in 16 Districts of Uganda, using 11 branch offices and 3 field offices. Currently PEARL serves over 16,000 clients with a portfolio size of 2.5 million USD.
Types of Loans offered:
- Group Loans to community banking groups with membership of 15 - 45 people.
- Solidarity group loans to small groups of 5 – 15 members.
- Salary earner group loans to staff of institutions/organizations e.g Schools, Hospitals, Prisons and Police departments, NGOs etc.
- An agricultural loan product
- Individual loans
- School fees loans
- SME
Additional financial products offered:
- Savings mobilization through Commercial banks.
- Loan insurance to cover natural and accidental death of client.
- Basic training in credit and business management skills.
Future Plans
Build a leading financial institution/company licensed by Bank of Uganda.
- Join our lending team: "Friends of Pearl Microfinance Limited"
Repayment Performance on Kiva
Repayment Performance on Kiva
| This Field Partner | All Kiva Partners | ||
| Start Date On Kiva | Sep 9, 2007 | Oct 12, 2005 | |
|---|---|---|---|
| Total Loans | $2,902,500 | $102,384,385 | |
| Amount of Raised Inactive Loans | $0 | $150,650 | |
| Number Of Raised Inactive Loans | 0 | 236 | |
| Amount of Paying Back Loans | $1,030,425 | $45,111,350 | |
| Number Of Paying Back Loans | 381 | 63,845 | |
| Amount of Ended Loans | $1,872,075 | $57,122,385 | |
| Number Of Ended Loans | 835 | 83,644 | |
| Delinquency Rate | 0.00% | 4.24% | |
| Amount of Paying Back Loans Delinquent | $0 | $1,913,000 | |
| Amount of Paying Back Loans | $1,030,425 | $45,111,350 | |
| Number of Paying Back Loans Delinquent | 0 | 6,018 | |
| Default Rate | 0.00% | 1.96% | |
| Amount of Ended Loans Defaulted | $0 | $1,119,957 | |
| Amount of Ended Loans | $1,872,075 | $57,122,385 | |
| Number Of Ended Loans Defaulted | 0 | 3,369 | |
| Currency Exchange Loss Rate | 0.00% | 0.00% | |
| Amount of Currency Exchange Loss | $0 | $0 | |
| Refund Rate | 0.07% | 1.09% | |
| Amount of Refunded Loans | $1,925 | $1,112,375 | |
| Number Of Refunded Loans | 1 | 1,446 | |
| Updated as of November 23, 2009 2:06 AM | |||
Loan Characteristics On Kiva
Loan Characteristics On Kiva
| This Field Partner | All Kiva Partners | ||
| Loans to Women Entrepreneurs | 76.82% | 78.19% | |
|---|---|---|---|
| Average Loan Size | $270 | $403 | |
| Average Individual Loan Size | $547 | $591 | |
| Average Group Loan Size | $3,010 | $1,494 | |
| Average Number Of Entrepreneurs Per Group | 11.5 | 0 | |
| Average GDP Per Capita (PPP) in Local Country | $1,700 | $3,461 | |
| Average Loan Size / GDP Per Capita (PPP) | 140.41% | 11.66% | |
| Average Time To Fund A Loan | 2.50 days | 2.27 days | |
| Average Dollars Raised Per Day Per Loan | $108.05 | $177.75 | |
| Average Loan Term | 3.88 months | 9.31 months | |
| Updated as of November 23, 2009 2:06 AM | |||
Journaling Performance on Kiva
Journaling Performance on Kiva
| This Field Partner | All Kiva Partners | ||
| Total Journals | 652 | 51701 | |
|---|---|---|---|
| Journal Coverage | 49.30% | 28.15% | |
| Journal Coverage, Kiva Fellows | 0.00% | 0.21% | |
| Journal Frequency (Average Per Loan Per Year) | 0.59 | 0.32 | |
| Average Number Of Recommendations Per Journal | 13.48 | 10.29 | |
| Updated as of November 23, 2009 2:06 AM | |||
Borrowing Cost Comparison
Borrowing Cost Comparison
| This Field Partner | Median for MFI Peers in Country | All Kiva Partners | ||
| Average Interest Rate and Fees Borrowers Pay (Portfolio Yield) | 47% | 51% | 35.21% | |
|---|---|---|---|---|
| Average Loan Size (% of Per Capita Income) | 31% | 47% | 23.43% | |
| Average Partner Return On Assets | -3% | N/A | 0.24% |
Field Partner Staff
William BrickJed Goldstein
Dennis Kakeeto
Stephanie Koczela
Jennifer Mugalu
Herbert Musinguzi
Grace Nattoolo
Country Fast Facts
Country Fast Facts
| Country: Uganda |
| Capital: Kampala |
| Official Language: English (official national language, taught in grade schools, used in courts of law and by most newspapers and some radio broadcasts), Ganda or Luganda (most widely used of the Niger-Congo languages, preferred for native language publications in the capital and may be taught in school), other Niger-Congo languages, Nilo-Saharan languages, Swahili, Arabic |
| Population: 26,404,543 |
| Avg Annual Income: $1,700 |
| Labor Force: agriculture 82%; industry 5%; services 13% |
| Population Below Poverty Line: 35% |
| Literacy Rate: 69.90% |
| Infant Mortality Rate (per 1000): 86.15 deaths |
| Life Expectancy: 45.28 years |
| Currency: Uganda Shillings |
| Exchange Rate: 1,867.0000 UGX = 1 USD |
| 
