Number borrowers | 8,998 |
Loan Amount (range) | INR 10,000 - 15,000 |
Loan Term (range) | 11 |
Other Services (text summary) | Credit Ins |
Annual Interest & Method | 24.0% annual, Decl Bal |
Fees | 1.00% upfront |
Insurance | 0.43% ongoing Y |
Tax | 12.36% fees |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | 22.9% - 23.8% |
Fee Component | 0.7% - 1.9% |
Insurance Component | 3.9% - 4.5% |
Tax Component Range | 0.1% - 0.2% |
Full APR (int fee ins tax dep) | 29.1% - 29.2% |
Transparency Index (min/max) | 81 - 84 |
Transparency Index (average) | 82 |
233 |
PKR 20,000 - 150,000 |
3 - 24 |
Credit Ins |
4.0%-20.0% annual, Decl Bal |
638.00-870.00 upfront |
None |
16.00% fees |
N/A |
4.0% - 41.0% |
0.4% - 8.6% |
0 |
0 - 0.9% |
4.7% - 26.1% |
0 - N/A |
N/A |
Outstanding portfolio (INR) | INR 85,021,048 |
Portfolio (USD) | USD 1,604,170.72 |
Active Clients with Loans | 8,998 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 0% - 20% |
Individual | x |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | x |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | |
Group meetings | |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services |
Men | x |
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 | All farmers/tenant farmers engaged in field crop cultivation |
Other (2) |
# Regions for this institution | 17 |
# Regions for this product | 10 |
Regions Active | Andhra Pradesh, ChhattisgarhJharkhand, Karnataka, Madhya Pradesh, Maharashtra, Meghalaya, Orissa, Rajasthan, West Bengal |
Outstanding portfolio (PKR) | PKR 17,017,748 |
Portfolio (USD) | USD 173,650.49 |
Active Clients with Loans | 233 |
Approximate % Female Clients | 0% - 20% |
Approximate % Urban Clients | 40% - 60% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | x |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | |
Group meetings | |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services |
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 | 6 |
# Regions for this product | 6 |
Regions Active | Azad Kashmir, Balochistan, Gilgit-Baltistan, Khyber Pakhtunkwa, Punjab, Sindh |
Currency | INR |
Minimum loan size | INR 10,000 |
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 | 11.0 months |
Longest loan term | 11.0 months |
Approx average | 11.0 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 | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | x |
Every 12 months | |
Single end payment | |
Irregular payments |
Currency | PKR |
Minimum loan size | PKR 20,000 |
Maximum loan size | 150,000 |
Loans less than PKR 10,000 | 0 |
PKR 10,000-25,000 | 5% |
PKR 25,000-50,000 | 15% |
PKR 50,000-75,000 | 60% |
PKR 75,000-150,000 | 20% |
Greater than PKR 150,000 | 20% |
Shortest loan term | 3.0 months |
Longest loan term | 24.0 months |
Approx average | 18.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 5% |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 70% |
Between 13 and 18 months | 15% |
Longer than 18 months | 10% |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | x |
Every 6 months | |
Every 12 months | |
Single end payment | x |
Irregular payments |
Lowest quoted nominal interest | 24.00% |
Highest quoted nominal interest | 24.00% |
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 | N/A |
Appears on Repayment Sched? | Yes |
Ins 1 | Ins 2 | ||
---|---|---|---|
Description | Credit Plus | Health Insurance | |
% of loan amount - min | 0.43% | 0 | |
% of loan amount - max | 0.43% | 0 | |
OR, Fixed amount - min | 0 | 130 | |
Fixed amount - max | 0 | 130 | |
Reason for variation | 4.26 per thousand per person per month | Rs. 130 per person | |
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? | Yes |
Percentage of fees | 12.4% |
All or some fees taxed | Some |
Lowest quoted nominal interest | 4.00% |
Highest quoted nominal interest | 20.00% |
Reason(s) why interest rate varies | Collateral |
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 | loan processing fee |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 638 |
Fixed amount - max | 870 |
Reason for variation | Fee applies on different types of collateral. Insurance fee is part of the processing fee |
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 | 16% |
All or some fees taxed | Some |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | INR 15,000 | INR 15,000 | INR 15,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-01-28 | 2013-02-13 | 2013-02-13 | ||
Loan Term (Months) | 9.0 months | 11.0 months | 11.0 months | ||
Grace Period (Months) | 1.2 months | 3.7 months | 3.7 months | ||
Total Cost of Credit | INR 2,469.54 | INR 2,743.54 | INR 2,743.54 | ||
True Price by Comp | |||||
Interest price component | 22.9% | 23.0% | 23.0% | ||
Fee Component | 1.9% | 1.7% | 1.7% | ||
Insurance Component | 4.2% | 4.2% | 4.2% | ||
Tax Component | 0.2% | 0.2% | 0.2% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 29.2% | 29.1% | 29.1% | ||
MFIN MFI Earning (Annualised) | 24.8% | 24.7% | 24.7% | ||
MFIN Cost to Borrower (Annualised) | 29.2% | 29.1% | 29.1% | ||
Transparency Index | 82 | 82 | 82 | ||
MFIN Transparency Index | 100 | 100 | 100 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | PKR 27,000 | PKR 45,000 | PKR 120,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-04-26 | 2012-05-19 | 2013-06-10 | ||
Loan Term (Months) | 12.0 months | 18.0 months | 24.0 months | ||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
Total Cost of Credit | PKR 3,892 | PKR 6,423 | PKR 5,939 | ||
True Price by Comp | |||||
Interest price component | 19.8% | 14.9% | 4.0% | ||
Fee Component | 5.4% | 2.2% | 0.6% | ||
Insurance Component | 0.0% | 0.0% | 0.0% | ||
Tax Component | 0.9% | 0.4% | 0.1% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 26.1% | 17.5% | 4.7% | ||
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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