Number borrowers | 161,167 |
Loan Amount (range) | INR 5,000 - 15,000 |
Loan Term (range) | 12 |
Other Services (text summary) | |
Annual Interest & Method | 26.0% annual, Decl Bal |
Fees | 1.00% upfront |
Insurance | 383.00 upfront |
Tax | 12.36% fees |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | 21.8% - 34.0% |
Fee Component | 1.1% - 11.6% |
Insurance Component | 0 - 16.6% |
Tax Component Range | 0.1% - 1.5% |
Full APR (int fee ins tax dep) | 36.4% - 45.1% |
Transparency Index (min/max) | 51 - 92 |
Transparency Index (average) | 64 |
8,264 |
PKR 5,000 - 40,000 |
4 - 8 |
Credit Educ |
18.0% annual, Flat |
2.00% upfront |
125.00 upfront |
None |
N/A |
16.6% - 31.2% |
2.0% - 7.5% |
0.3% - 2.7% |
0 |
20.6% - 24.0% |
48 - 95 |
80 |
Outstanding portfolio (INR) | INR 1,003,042,000 |
Portfolio (USD) | USD 18,925,320.75 |
Active Clients with Loans | 161,167 |
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 | |
Other (2) |
Credit education | |
Group meetings | |
Credit insurance | |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services | x |
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 | 3 |
# Regions for this product | 3 |
Regions Active | Karnataka, Maharashtra, Tamil Nadu |
Outstanding portfolio (PKR) | PKR 158,272,917 |
Portfolio (USD) | USD 1,554,240.05 |
Active Clients with Loans | 8,264 |
Approximate % Female Clients | 0% - 20% |
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 | |
Credit insurance | |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services |
Men | x |
Women | |
Must run a business | |
Must own a home or land | x |
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 | Sindh |
Currency | INR |
Minimum loan size | INR 5,000 |
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 | 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 | N/A |
Daily | |
Weekly | x |
Every 2 weeks | x |
Every 4 weeks | x |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Currency | PKR |
Minimum loan size | PKR 5,000 |
Maximum loan size | 40,000 |
Loans less than PKR 10,000 | 0 |
PKR 10,000-25,000 | 20% |
PKR 25,000-50,000 | 80% |
PKR 50,000-75,000 | 0 |
PKR 75,000-150,000 | 0 |
Greater than PKR 150,000 | 0 |
Shortest loan term | 4.0 months |
Longest loan term | 8.0 months |
Approx average | DK |
Loans 3 months or less | 0 |
Between 4 and 6 months | 90% |
Between 7 and 9 months | 10% |
Between 10 and 12 months | 0 |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 100% |
Average grace period | 0.3 months |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | x |
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 | N/A |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Insurance Fees |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 383 |
Fixed amount - max | 383 |
Reason for variation | Premium For Member (In case the member has no spouse or if spouse is not eligible for coverage, only member should be covered under the scheme)-Rs 128, Premium for member and spouse-Rs 383 |
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 |
Lowest quoted nominal interest | 18.00% |
Highest quoted nominal interest | 18.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Documentation 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? | Yes |
Ins 1 | |
---|---|
Description | Health and Accidental Insurance |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 125 |
Fixed amount - max | 125 |
Reason for variation | N/A |
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? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | INR 5,000 | INR 10,000 | INR 10,000 | INR 5,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2013-04-23 | 2013-04-09 | 2013-04-16 | 2013-04-16 | |||
Loan Term (Months) | 12.0 months | 12.0 months | 12.0 months | 12.0 months | |||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||
Total Cost of Credit | INR 1,139.18 | INR 1,895.36 | INR 1,895.36 | INR 1,139.18 | |||
True Price by Comp | |||||||
Interest price component | 26.1% | 26.0% | 26.0% | 26.1% | |||
Fee Component | 2.1% | 2.0% | 2.0% | 2.1% | |||
Insurance Component | 16.6% | 8.1% | 8.1% | 16.6% | |||
Tax Component | 0.3% | 0.3% | 0.3% | 0.3% | |||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Full APR (int fee ins tax dep) | 45.1% | 36.4% | 36.4% | 45.1% | |||
MFIN MFI Earning (Annualised) | 28.2% | 28.0% | 28.0% | 28.2% | |||
MFIN Cost to Borrower (Annualised) | 45.1% | 36.4% | 36.4% | 45.1% | |||
Transparency Index | 58 | 71 | 71 | 58 | |||
MFIN Transparency Index | 100 | 100 | 100 | 100 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
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 10,000 | Generated | 2015-05-01 | 5.9 months | N/A | PKR 1,212.67 | 24.0% | 17.2% | 4.1% | 2.7% | 0.0% | 0.0% | 75 | - | |
PKR 20,000 | Generated | 2015-05-01 | 5.9 months | N/A | PKR 2,300.34 | 22.6% | 17.2% | 4.1% | 1.3% | 0.0% | 0.0% | 79 | - | |
PKR 25,000 | Generated | 2015-05-01 | 5.9 months | N/A | PKR 2,844.18 | 22.4% | 17.2% | 4.1% | 1.1% | 0.0% | 0.0% | 80 | - | |
PKR 28,000 | Generated | 2015-05-01 | 5.9 months | N/A | PKR 3,170.48 | 22.3% | 17.2% | 4.1% | 1.0% | 0.0% | 0.0% | 81 | - | |
PKR 32,000 | Generated | 2015-05-01 | 5.9 months | N/A | PKR 3,605.55 | 22.2% | 17.2% | 4.1% | 0.9% | 0.0% | 0.0% | 81 | - | |
PKR 35,000 | Generated | 2015-05-01 | 5.9 months | N/A | PKR 3,931.85 | 22.1% | 17.2% | 4.1% | 0.8% | 0.0% | 0.0% | 81 | - | |
PKR 38,000 | Generated | 2015-05-01 | 5.9 months | N/A | PKR 4,258.15 | 22.0% | 17.2% | 4.1% | 0.7% | 0.0% | 0.0% | 82 | - | |
PKR 40,000 | Generated | 2015-05-01 | 7.9 months | N/A | PKR 5,659.25 | 20.6% | 17.0% | 3.1% | 0.5% | 0.0% | 0.0% | 87 | - |
Key Statistics | |
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# 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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