Outstanding portfolio (INR) | INR 1,024,421,625 |
Portfolio (USD) | USD 19,328,709.91 |
Active Clients with Loans | 113,512 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 80% - 100% |
Individual | |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services |
Men | |
Women | x |
Must run a business | |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Household income <60,000 INR | |
Household income <120,000 INR | |
Must live in rural area | |
Must lives in urban area | |
Other | |
Other (2) |
# Regions for this institution | 1 |
# Regions for this product | 1 |
Regions Active | Tamil Nadu |
Currency | INR |
Minimum loan size | INR 7,500 |
Maximum loan size | 15,000 |
Loans less than INR 5,000 | 0 |
INR 5,000-15,000 | 100% |
INR 15,000-25,000 | 0 |
INR 25,000-35,000 | 0 |
INR 35,000-45,000 | 0 |
Greater than INR 45,000 | 0 |
Shortest loan term | 12.0 months |
Longest loan term | 18.0 months |
Approx average | DK |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 0 |
Between 13 and 18 months | 100% |
Longer than 18 months | 0 |
Grace period usage | 0 |
Average grace period | DK |
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 | 26.00% |
Highest quoted nominal interest | 26.00% |
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 | Processing Fee |
% of loan amount - min | 1.00% |
% of loan amount - max | 1.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Service Tax Extra |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Insurance |
% of loan amount - min | 1.40% |
% of loan amount - max | 1.50% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Fee depends on loan size |
Appears on Repayment Sched? | Yes |
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? | Yes |
Percentage of fees | 12.4% |
All or some fees taxed | Some |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | INR 10,000 | INR 15,000 | INR 15,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-03-29 | 2013-03-15 | 2013-03-06 | ||
Loan Term (Months) | 18.0 months | 18.0 months | 18.0 months | ||
Grace Period (Months) | 0.1 months | 0.2 months | 0.0 months | ||
Total Cost of Credit | INR 2,352.36 | INR 3,543.54 | INR 3,543.54 | ||
True Price by Comp | |||||
Interest price component | 25.6% | 25.3% | 25.8% | ||
Fee Component | 1.4% | 1.4% | 1.4% | ||
Insurance Component | 2.0% | 2.1% | 2.1% | ||
Tax Component | 0.2% | 0.1% | 0.2% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 29.2% | 28.9% | 29.5% | ||
MFIN MFI Earning (Annualised) | 27.0% | 26.7% | 27.2% | ||
MFIN Cost to Borrower (Annualised) | 29.2% | 28.9% | 29.5% | ||
Transparency Index | 89 | 90 | 88 | ||
MFIN Transparency Index | 100 | 100 | 100 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Institution Type | Non Bank Financial Institution |
Is this institution regulated? | Yes |
Website address | http://www.safcosupport.org |
Year established | 2009 |
Head of Institution | Syed Sajjad Ali Shah |
Regions active | Sindh |
# Branches | 31 |
Total Portfolio (nat'l) | PKR 486,359,898 |
Total Portfolio (USD) | USD 4,776,054.20 |
Active clients with loans | 46,044 |
Approximate % female clients | 40% - 60% |
Approximate % urban clients | 40% - 60% |
Network affiliations | Pakistan Microfinance Network (PMN), South Asian Microfinanace Network (SAMN), Sindh Microfinance Network (SMN), Banking With The Poor (BWTP) |
Funders | Pakistan Poverty Alleviation Fund (PPAF), Habib Bank Limited (HBL), MCB Bank Limited, JS Bank Limited |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Agriculture Loan | PKR 3,000 - 50,000 | 3 - 6 | 40% - 60% | 40% - 60% | Agriculture | Women, Men | Business Training, Refund of principle amount in case of death | |||||||
Enterprise Loan | PKR 3,000 - 50,000 | 12 | 40% - 60% | 40% - 60% | Business | Women, Men, Have business | Tech Asst Visits, Business Training, Refund of principle amount in case of death | |||||||
Live Stock Loan | PKR 3,000 - 50,000 | 12 | 40% - 60% | 40% - 60% | Business | Women, Men | Tech Asst Visits, Business Training, Refund of principle amount in case of death |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Agriculture Loan | 22.0% annual, Flat | 2 Fees | 0 Ins | None | N/A | 29.2% | 29.2% | 75 | ||||||||
Enterprise Loan | 22.0% annual, Flat | 2 Fees | 0 Ins | None | N/A | 45% | 45% | 49 | ||||||||
Live Stock Loan | 22.0% annual, Flat | 2 Fees | 0 Ins | None | N/A | 44.9% - 53% | 44.9% - 53% | 47 |
Key Statistics | |
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% Products using declining balance | |
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% Products with one or more insurances | |
% Products with compulsory deposits |
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