Number borrowers | 6,040 |
Loan Amount (range) | INR 1,000 - 25,000 |
Loan Term (range) | 12 |
Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training |
Annual Interest & Method | 12.5% annual, Flat |
Fees | None |
Insurance | 2.00% upfront |
Tax | None |
Comp Dep | 10.0% upfront |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 27.8% - 29.7% (Int+Fee) |
Insurance Component | 2.3% - 2.4% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 36.6% - 39.2% |
Transparency Index (min/max) | 32 - 34 |
Transparency Index (average) | 32 |
10,667 |
PKR 15,000 - 40,000 |
6 - 18 |
Credit Educ, Group Mtgs, Tech Asst Visits, Other Training |
20.0% annual, Decl Bal |
350.00 upfront 150.00-300.00 upfront |
None |
None |
N/A |
18.9% - 19.9% |
2.7% - 5.0% |
0 |
0 |
22.5% - 23.9% |
0 - N/A |
N/A |
Outstanding portfolio (INR) | INR 24,818,991 |
Portfolio (USD) | USD 468,282.85 |
Active Clients with Loans | 6,040 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 0% - 20% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | Can ONLY be used for Working Capital |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | x |
Workplace visits | x |
Business training | x |
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 |
Outstanding portfolio (PKR) | PKR 152,297,441 |
Portfolio (USD) | USD 1,554,055.52 |
Active Clients with Loans | 10,667 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 0 |
Individual | |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | x |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | |
Workplace visits | x |
Business training | |
Other training | x |
Other | |
Other (2) | |
No other services | x |
Men | x |
Women | x |
Must run a business | |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | 1 |
# Regions for this product | 1 |
Regions Active | Punjab |
Currency | INR |
Minimum loan size | INR 1,000 |
Maximum loan size | 25,000 |
Shortest loan term | 12.0 months |
Longest loan term | 12.0 months |
Approx average | 12.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 100% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 100% |
Average grace period | 1.8 months |
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 |
Currency | PKR |
Minimum loan size | PKR 15,000 |
Maximum loan size | 40,000 |
Loans less than PKR 10,000 | 0 |
PKR 10,000-25,000 | 100% |
PKR 25,000-50,000 | 0 |
PKR 50,000-75,000 | 0 |
PKR 75,000-150,000 | 0 |
Greater than PKR 150,000 | 0 |
Shortest loan term | 6.0 months |
Longest loan term | 18.0 months |
Approx average | DK |
Loans 3 months or less | 0 |
Between 4 and 6 months | 70% |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 0 |
Between 13 and 18 months | 30% |
Longer than 18 months | 0 |
Grace period usage | 100% |
Average grace period | DK |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | x |
Every 6 months | x |
Every 12 months | x |
Single end payment | x |
Irregular payments |
Lowest quoted nominal interest | 12.50% |
Highest quoted nominal interest | 12.50% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Ins 1 | |
---|---|
Description | Processing fee and Insurance fee |
% of loan amount - min | 2.00% |
% of loan amount - max | 2.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | |
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 |
Lowest quoted nominal interest | 20.00% |
Highest quoted nominal interest | 20.00% |
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 | Fee 2 | ||
---|---|---|---|
Description | CIB and Document Charges | Behbood Fund | |
% of loan amount - min | 0 | 0 | |
% of loan amount - max | 0 | 0 | |
OR, Fixed amount - min | 350 | 150 | |
Fixed amount - max | 350 | 300 | |
Reason for variation | N/A | First time loanee pays 150. Subsequent loan is charged 300. | |
Appears on Repayment Sched? | Yes | 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? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | INR 1,000 | INR 3,000 | INR 5,000 | INR 8,000 | INR 10,000 | INR 10,000 | |||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | 2 | 1 | 3 | 5 | |||||
Disbursement Date | 2010-07-26 | 2010-05-10 | 2010-03-23 | 2010-06-11 | 2010-08-03 | 2010-05-20 | |||||
Loan Term (Months) | 10.5 months | 10.5 months | 10.5 months | 10.5 months | 10.5 months | 10.5 months | |||||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 2.0 months | 0.0 months | 2.0 months | |||||
Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
True Price by Comp | |||||||||||
Interest and Fee Component | 29.7% | 29.7% | 29.7% | 28.2% | 29.7% | 27.8% | |||||
Insurance Component | 2.4% | 2.4% | 2.4% | 2.3% | 2.4% | 2.3% | |||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Deposit Component | 7.1% | 7.1% | 7.1% | 6.7% | 7.1% | 6.5% | |||||
Full APR (int fee ins tax dep) | 39.2% | 39.2% | 39.2% | 37.2% | 39.2% | 36.6% | |||||
MFIN MFI Earning (Annualised) | 29.7% | 29.7% | 29.7% | 28.2% | 29.7% | 27.8% | |||||
MFIN Cost to Borrower (Annualised) | 39.2% | 39.2% | 39.2% | 37.2% | 39.2% | 36.6% | |||||
Transparency Index | 32 | 32 | 32 | 34 | 32 | 34 | |||||
MFIN Transparency Index | N/A | N/A | N/A | N/A | 42 | N/A | |||||
Original Repayment Schedule | |||||||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | PKR 20,000 | PKR 25,000 | PKR 30,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-08-05 | 2013-12-23 | 2013-12-23 | ||
Loan Term (Months) | 6.0 months | 6.0 months | 6.0 months | ||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
Total Cost of Credit | PKR 2,500 | PKR 3,000 | PKR 3,500 | ||
True Price by Comp | |||||
Interest price component | 18.9% | 19.1% | 19.1% | ||
Fee Component | 5.0% | 4.1% | 3.4% | ||
Insurance Component | 0.0% | 0.0% | 0.0% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 23.9% | 23.2% | 22.5% | ||
Transparency Index | N/A | N/A | N/A | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
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 |
Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
---|---|---|---|---|---|---|---|
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Max | ||||||
Std Dev | ||||||
By Inst Type | ||||||
By Country | ||||||
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