Outstanding portfolio (INR) | INR 5,273,925 |
Portfolio (USD) | USD 99,508.02 |
Active Clients with Loans | 1,164 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 40% - 60% |
Individual | |
Solidarity group | |
Village banking | |
Self help group | x |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | x |
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 | x |
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 | N/A |
# Regions for this product | N/A |
Regions Active |
Currency | INR |
Minimum loan size | INR 5,000 |
Maximum loan size | 10,000 |
Shortest loan term | 10.6 months |
Longest loan term | 10.6 months |
Approx average | 10.6 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 100% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | x |
Every 2 weeks | |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 15.00% |
Highest quoted nominal interest | 15.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | Yes |
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 | N/A |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Insurance Fee |
% of loan amount - min | 0.50% |
% of loan amount - max | 0.50% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | Yes |
Do borrowers control deposit in their group? |
% loan amount deposited | 10.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | End Term |
Minimum interest rate paid | 0 |
Maximum interest rate paid | 0 |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | ||
---|---|---|---|
Loan Amount | INR 5,000 | INR 10,000 | |
Loan Cycle (1, 2, 3, etc) | 1 | 2 | |
Disbursement Date | 2010-03-11 | 2010-06-12 | |
Loan Term (Months) | 10.7 months | 10.5 months | |
Grace Period (Months) | 0.0 months | 0.0 months | |
Total Cost of Credit | Not Known | Not Known | |
True Price by Comp | |||
Interest and Fee Component | 34.2% | 29.7% | |
Insurance Component | 1.2% | 1.2% | |
Tax Component | 0.0% | 0.0% | |
Deposit Component | 7.7% | 6.8% | |
Full APR (int fee ins tax dep) | 43.1% | 37.7% | |
MFIN MFI Earning (Annualised) | 34.2% | 29.7% | |
MFIN Cost to Borrower (Annualised) | 43.1% | 37.7% | |
Transparency Index | 35 | 40 | |
MFIN Transparency Index | N/A | N/A | |
Original Repayment Schedule | |||
MFT Pricing Calculation |
Institution Type | Non-Governmental Organization |
Is this institution regulated? | Yes |
Website address | http://www.brac.net |
Year established | 2007 |
Head of Institution | Muzaffar Ud Din |
Regions active | Balochistan, Punjab, Sindh |
# Branches | 68 |
Total Portfolio (nat'l) | PKR 1,208,660,663 |
Total Portfolio (USD) | USD 11,869,047.71 |
Active clients with loans | 57,376 |
Approximate % female clients | 80% - 100% |
Approximate % urban clients | 40% - 60% |
Network affiliations | Pakistan Microfinance Network, Micro Watch, Mix Market |
Funders | Pakistan Poverty Allivation Fund (PPAF), KIVA |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Micro Finance | PKR 20,000 - 150,000 | 6 - 12 | 100% | 40% - 60% | Business, Agriculture | Women | Credit Educ, Group Mtgs, Tech Asst Visits, Business Training, Other Training | |||||||
Small Enterpirise Programme (SEP) | PKR 150,000 - 500,000 | 6 - 12 | 0% - 20% | 80% - 100% | Business, Agriculture | Women, Men, Have business | Credit Educ, Tech Asst Visits, Business Training, Other Training | |||||||
Agriculture | PKR 20,000 - 150,000 | 6 - 12 | 0% | 0% - 20% | Agriculture | Men | Credit Educ, Group Mtgs, Tech Asst Visits, Business Training, Other Training |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Micro Finance | 22.0% annual, Flat | 1 Fee | 0 Ins | None | 10.0% upfront | 34.1% - 38.4% | 40.1% - 45.9% | 51 | ||||||||
Small Enterpirise Programme (SEP) | 22.0% annual, Flat | 1 Fee | 0 Ins | None | N/A | 36.6% | 43.8% | 50 | ||||||||
Agriculture | 20.0% annual, Flat | 1 Fee | 0 Ins | None | N/A | 29.4% - 32.3% | 34.2% - 38.1% | 53 |
Key Statistics | |
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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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