Outstanding portfolio (USD) | USD 487,497.44 |
Portfolio (USD) | USD 487,497.44 |
Active Clients with Loans | 539 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 0% - 20% |
Individual | |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | x |
Consumer loan | x |
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 | |
Must be a salaried worker | |
Must be specific age group | |
Other | Must have two active cash streams |
Other (2) |
# Regions for this institution | 8 |
# Regions for this product | 8 |
Regions Active | Absheron, Ganja-Qazakh, Shaki-Zaqatala, Lankaran-Astara, Quba-Khachmaz, Orta Kur, Daglig-Shirvan, Nakhichevan |
Currency | USD |
Minimum loan size | USD 50 |
Maximum loan size | 3,000 |
Loans less than USD 1,500 | 50% |
USD 1,500-5,000 | 50% |
USD 5,000-10,000 | 0 |
USD 10,000-15,000 | 0 |
USD 15,000-18,000 | 0 |
Greater than USD 18,000 | 0 |
Shortest loan term | 6.0 months |
Longest loan term | 18.0 months |
Approx average | 16.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 50% |
Between 13 and 18 months | 50% |
Longer than 18 months | 0 |
Grace period usage | 10% |
Average grace period | 6.0 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 |
Lowest quoted nominal interest | 29.00% |
Highest quoted nominal interest | 34.00% |
Reason(s) why interest rate varies | Loan Size |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Commission fee |
% of loan amount - min | 2.00% |
% of loan amount - max | 3.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | The variation is due to loan term. 2% on the term upto 12 months and 3% on higher than 12 months |
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 |
Loan Amount |
Type of Sample |
Disbursement Date |
Loan Term (Months) |
Grace Period (Months) |
Total Cost of Credit |
Full APR (int fee ins tax dep) |
True Price by Component |
Transparency Index |
Original Repayment Schedule |
MFT Pricing Calculation |
||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Interest price component |
Fee Component |
Insurance Component |
Tax Component |
Deposit Component |
||||||||||
USD 900 | Generated | 2014-11-01 | 12.0 months | N/A | USD 195.24 | 38.5% | 32.6% | 5.9% | 0.0% | 0.0% | 0.0% | 75 | - | |
USD 1,200 | Generated | 2014-11-01 | 12.0 months | N/A | USD 260.32 | 38.5% | 32.6% | 5.9% | 0.0% | 0.0% | 0.0% | 75 | - | |
USD 3,000 | Generated | 2014-11-01 | 12.0 months | N/A | USD 650.81 | 38.5% | 32.6% | 5.9% | 0.0% | 0.0% | 0.0% | 75 | - | |
USD 3,450 | Generated | 2014-11-01 | 12.0 months | N/A | USD 748.43 | 38.5% | 32.6% | 5.9% | 0.0% | 0.0% | 0.0% | 75 | - |
Institution Type | Non-Governmental Organization |
Is this institution regulated? | No |
Website address | http://www.sungi.org |
Year established | 1990 |
Head of Institution | Sajid Qaisrani |
Regions active | Azad Kashmir, Khyber Pakhtunkwa |
# Branches | 4 |
Total Portfolio (nat'l) | PKR 81,149,780 |
Total Portfolio (USD) | USD 828,058.98 |
Active clients with loans | 10,128 |
Approximate % female clients | 100% |
Approximate % urban clients | 0% - 20% |
Network affiliations | Pakistan Microfinance Network (PMN) |
Funders |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
General Loan | PKR 10,000 - 15,000 | 12 - 18 | 100% | 0% - 20% | Business, Agriculture | Women, Specific age group | Credit Educ, Group Mtgs, Business Training, Micro health insurance-life insurance | |||||||
Enterprise Development Loan First | PKR 20,000 - 29,000 | 12 - 18 | 100% | 0% - 20% | Business, Agriculture | Women, Men, Specific age group, Must be the resident of the specified village | Credit Educ, Group Mtgs, Tech Asst Visits, Business Training | |||||||
Murabaha loan Awal | PKR 5,000 - 30,000 | 12 - 18 | 100% | 0% - 20% | Business | Women, Specific age group, Must be resident of the village | Credit Educ, Group Mtgs, Business Training |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
General Loan | 20.0% annual, Flat | 0 Fees | 0 Ins | None | N/A | 34.4% | 34.4% | N/A | ||||||||
Enterprise Development Loan First | 20.0% annual, Flat | 0 Fees | 0 Ins | None | N/A | 34.4% - 34.5% | 34.4% - 34.5% | N/A | ||||||||
Murabaha loan Awal | 20.0% annual, Flat | 0 Fees | 0 Ins | None | N/A | 34.4% - 34.5% | 34.4% - 34.5% | N/A |
Key Statistics | |
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# Products | |
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# 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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