2. COAC LaBenefica
Please note that the information you are viewing is 172 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. TMFB
Please note that the information you are viewing is 115 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Cooperativa de Ahorro y Credito la Benefica La Concordia Santo DomingoEl Carmen, Manabi
Data approved: 2010-11-08
Data version: 1
Age of data: 172 months

Institution

Tameer Microfinance Bank A-15, Block 7/8 KCHS Union, Karachi 75350, PakistanKarachi75350
Data approved: 2015-04-15
Data version: 2
Age of data: 115 months
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Product

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Product

Tameer Sarmaya Qarza (TSQ) Product 1 of 7 « Prev | Next »

Product Summary

Number borrowers566
Loan Amount (range)USD 100 - 3,000
Loan Term (range)6 - 18
Other Services (text summary)Credit Educ, Tech Asst Visits
Annual Interest & Method20.9% annual, Decl Bal
Fees0.40% upfront
InsuranceNone
TaxNone
Comp Dep5.00 ongoing
Range of pricing 
Interest Price ComponentN/A
Fee Component21.1% - 21.2% (Int+Fee)
Insurance Component0 - 1.1%
Tax Component Range0
Full APR (int fee ins tax dep)22.7% - 23.1%
Transparency Index (min/max)0 - N/A
Transparency Index (average)91

Product Summary

89,701
PKR 10,000 - 150,000
3 - 12
Credit Ins
27.0%-33.0% annual, Flat
0.00%-2.00%, 600.00 min upfront
None
16.00% fees
N/A
 
23.8% - 45.8%
2.1% - 7.8%
0
0.3% - 1.3%
26.3% - 31.9%
45 - 100
95

Product Details

Key Statistics
Outstanding portfolio (USD)USD 752,882
Portfolio (USD)USD 752,882
Active Clients with Loans566
Approximate % Female Clients80% - 100%
Approximate % Urban Clients60% - 80%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Créditos que se otorgan por valores desde $100.000 hasta $3.000,00 hasta 18 meses plazo
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetings
Credit insurance
Workplace visitsx
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 group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Product Details

Key Statistics
Outstanding portfolio (PKR)PKR 5,664,915,850
Portfolio (USD)USD 55,629,473.65
Active Clients with Loans89,701
Approximate % Female Clients20% - 40%
Approximate % Urban Clients20% - 40%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
TSQ is a loan product that allows potential customers to borrow against their collateral (gold / gold ornaments/ term deposits) to meet their short / mid-term liquidity requiremets.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculturex
Education
Other household financex
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other servicesx
Eligibility
Menx
Womenx
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution5
# Regions for this product4
Regions ActiveBalochistan, Khyber Pakhtunkwa, Punjab, Sindh

Loan Conditions

Loan Amount
CurrencyUSD
Minimum loan sizeUSD 100
Maximum loan size3,000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term18.0 months
Approx average15.0 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
Every 2 weeksx
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyPKR
Minimum loan sizePKR 10,000
Maximum loan size150,000
Distribution at Disbursement (Est.)
Loans less than PKR 10,0000
PKR 10,000-25,0005%
PKR 25,000-50,00040%
PKR 50,000-75,00050%
PKR 75,000-150,0005%
Greater than PKR 150,0005%
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term12.0 months
Approx average9.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months10%
Between 7 and 9 months80%
Between 10 and 12 months10%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end paymentx
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest20.86%
Highest quoted nominal interest20.86%
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionSeguro de Desgravamen
% of loan amount - min0.40%
% of loan amount - max0.40%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?Yes
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited0
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount depositedUSD 5
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid2.00%
Maximum interest rate paid2.00%
Interest payment frequencyMonthly
Taxes
Are taxes charged on this product?No

Pricing Information

Interest
Lowest quoted nominal interest27.00%
Highest quoted nominal interest33.00%
Reason(s) why interest rate variesTime as Client
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing fee
% of loan amount - min0
% of loan amount - max2.00%
OR, Fixed amount - min600
Fixed amount - max0
Reason for variation%age of loan amount or fixed amount-whichever is higher
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
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?Yes
Percentage of fees16%
All or some fees taxedSome

Full Pricing Data

Microcrédito Nacer samples
Sample 1Sample 2
Loan AmountUSD 1,000USD 2,000
Loan Cycle (1, 2, 3, etc)Not KnownNot Known
Disbursement Date2010-09-062010-08-23
Loan Term (Months)12.0 months15.0 months
Grace Period (Months)0.0 months0.0 months
Total Cost of CreditNot KnownNot Known
True Price by Comp   
Interest and Fee Component21.2%21.1%
Insurance Component0.9%1.0%
Tax Component0.0%0.0%
Deposit Component1.0%0.6%
Full APR (int fee ins tax dep)23.1%22.7%
Transparency Index9092
    
Original Repayment SchedulePDFPDF
MFT Pricing CalculationPDFPDF

Full Pricing Data

Tameer Sarmaya Qarza (TSQ) samples
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
PKR 64,960 Generated 2015-06-01 8.8 months N/A PKR 14,337.12 27.9% 24.6% 2.8% 0.0% 0.5% 0.0% 97 - PDF
PKR 64,960 Real 2015-03-07 8.9 months N/A PKR 13,999.87 27.0% 23.8% 2.7% 0.0% 0.5% 0.0% 100 PDF PDF
PKR 29,760 Real 2015-02-12 8.9 months N/A PKR 6,634.27 27.8% 24.6% 2.8% 0.0% 0.4% 0.0% 97 PDF PDF
PKR 29,760 Generated 2015-06-01 8.8 months N/A PKR 6,571.69 27.9% 24.6% 2.8% 0.0% 0.5% 0.0% 97 - PDF
PKR 15,000 Generated 2015-06-01 8.9 months N/A PKR 3,691.89 31.1% 24.6% 5.5% 0.0% 1.0% 0.0% 87 - PDF
PKR 26,000 Generated 2015-06-01 8.9 months N/A PKR 5,886.56 28.3% 24.6% 3.2% 0.0% 0.5% 0.0% 95 - PDF
PKR 30,000 Generated 2015-06-01 8.9 months N/A PKR 6,687.78 27.8% 24.6% 2.8% 0.0% 0.4% 0.0% 97 - PDF
PKR 51,000 Generated 2015-06-01 11.8 months N/A PKR 14,764.57 26.3% 23.9% 2.1% 0.0% 0.3% 0.0% 100 - PDF
PKR 60,000 Generated 2015-06-01 11.8 months N/A PKR 17,370.08 26.3% 23.9% 2.1% 0.0% 0.3% 0.0% 100 - PDF
PKR 90,000 Generated 2015-06-01 5.9 months N/A PKR 14,959.23 31.9% 27.1% 4.1% 0.0% 0.7% 0.0% 85 - PDF
Microcrédito Nacer Price Graphs


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Tameer Sarmaya Qarza (TSQ) Price Graphs


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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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X Axis
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