Institution Type | Non Bank Financial Institution |
Is this institution regulated? | Yes |
Website address | http://www.gopportunity.net/ |
Year established | 2006 |
Head of Institution | Mr. James. A. Reiff |
Regions active | |
# Branches | 13 |
Total Portfolio (nat'l) | INR 280,000,000 |
Total Portfolio (USD) | USD 5,283,018.87 |
Active clients with loans | 65,000 |
Approximate % female clients | 80% - 100% |
Approximate % urban clients | 40% - 60% |
Network affiliations |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Livestock Loan | INR 12,000 - 20,000 | 12 - 24 | 80% - 100% | 0% - 20% | Business, Only for purchase of farm animals | Women | Group Mtgs, Other Training, Training from veterinarian, Health / Social Issue Training | |||||||
Rural Trust Bank | INR 3,000 - 15,000 | 6 - 12 | 80% - 100% | 0% - 20% | Business | Women, Have business | Group Mtgs, Tech Asst Visits, Business Training, Other Training, Health / Social Issue Training | |||||||
Student Loan | INR 3,000 - 5,000 | 12 | 80% - 100% | 60% - 80% | Business, Education | Women, Must have children of a qualified age in school, Must have completed one loan cycle with the MFI | Other Training, Scholarships are available, some reserved for top scorers and others reserved for female students | |||||||
Urban Trust Bank | INR 3,000 - 25,000 | 6 - 12 | 80% - 100% | 80% - 100% | Business | Women, Have business | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training, Health / Social Issue Training |
Product Name | APR (int) | MFIN MFI Earning (Annualised) | MFIN Cost to Borrower (Annualised) | COMPLIANCE WITH RBI GUIDELINES ON INTEREST METHOD | COMPLIANCE WITH RBI GUIDELINES ON PROCESSING FEES | COMPLIANCE WITH RBI GUIDELINES ON INSURANCE PREMIUM | MFIN Transparency Index | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Livestock Loan | 0% | 25.5% - 25.7% | 25.5% - 25.7% | N/A | ||||||||||
Rural Trust Bank | 0% | 30.4% - 39.3% | 30.4% - 39.3% | N/A | ||||||||||
Student Loan | 0% | 28.3% - 28.6% | 28.3% - 28.6% | N/A | ||||||||||
Urban Trust Bank | 0% | 29.2% - 42.3% | 29.2% - 42.3% | N/A |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Livestock Loan | 12.0% annual, Flat | 1 Fee | 0 Ins | None | N/A | 25.5% - 25.7% | 25.5% - 25.7% | 47 | ||||||||
Rural Trust Bank | 12.0%-15.0% annual, Flat | 1 Fee | 1 Ins | None | N/A | 30.4% - 39.3% | 30.4% - 39.3% | 34 | ||||||||
Student Loan | 15.0% annual, Flat | 1 Fee | 0 Ins | None | N/A | 28.3% - 28.6% | 28.3% - 28.6% | 52 | ||||||||
Urban Trust Bank | 12.0%-15.5% annual, Flat | 1 Fee | 1 Ins | None | N/A | 29.2% - 42.3% | 29.2% - 42.3% | 33 |
Outstanding portfolio (PKR) | PKR 60,500,690.02 |
Portfolio (USD) | USD 594,116.78 |
Active Clients with Loans | 1,413 |
Approximate % Female Clients | 0% - 20% |
Approximate % Urban Clients | 100% |
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 | x |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services |
Men | x |
Women | x |
Must run a business | x |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | x |
Other | Age bracket is 18 to 60 |
Other (2) |
# Regions for this institution | 1 |
# Regions for this product | 1 |
Regions Active | Sindh |
Currency | PKR |
Minimum loan size | PKR 10,000 |
Maximum loan size | 150,000 |
Loans less than PKR 10,000 | 0 |
PKR 10,000-25,000 | 5% |
PKR 25,000-50,000 | 30% |
PKR 50,000-75,000 | 15% |
PKR 75,000-150,000 | 50% |
Greater than PKR 150,000 | 50% |
Shortest loan term | 3.0 months |
Longest loan term | 18.0 months |
Approx average | 11.3 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 5% |
Between 10 and 12 months | 90% |
Between 13 and 18 months | 5% |
Longer than 18 months | 0 |
Grace period usage | 0 |
Average grace period | 0 |
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 | 41.00% |
Highest quoted nominal interest | 41.00% |
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 | 1.50% |
% of loan amount - max | 1.50% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Credit Cover Charges |
% of loan amount - min | 1.00% |
% of loan amount - max | 1.25% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Credit Cover is charged 1% on loan of 1st cycle (up to 12 months) while on the loan of 2nd cycle 1.25% is charged which is above 12 months upto 18 months. |
Appears on Repayment Sched? | No |
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 |
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 100,000 | Real | 2015-05-01 | 12.0 months | N/A | PKR 25,992.99 | 45.4% | 40.3% | 3.0% | 2.1% | 0.0% | 0.0% | 90 | ||
PKR 20,000 | Generated | 2015-05-01 | 12.0 months | N/A | PKR 5,198.60 | 45.4% | 40.3% | 3.0% | 2.1% | 0.0% | 0.0% | 90 | - | |
PKR 50,000 | Real | 2015-05-01 | 10.0 months | N/A | PKR 11,091.60 | 46.2% | 40.3% | 3.5% | 2.4% | 0.0% | 0.0% | 89 | ||
PKR 30,000 | Generated | 2015-05-01 | 10.0 months | N/A | PKR 6,654.96 | 46.2% | 40.3% | 3.5% | 2.4% | 0.0% | 0.0% | 89 | - | |
PKR 40,000 | Generated | 2015-05-01 | 12.0 months | N/A | PKR 10,397.20 | 45.4% | 40.3% | 3.0% | 2.1% | 0.0% | 0.0% | 90 | - | |
PKR 45,000 | Generated | 2015-05-01 | 12.0 months | N/A | PKR 11,696.85 | 45.4% | 40.3% | 3.0% | 2.1% | 0.0% | 0.0% | 90 | - | |
PKR 60,000 | Generated | 2015-05-01 | 12.0 months | N/A | PKR 15,595.79 | 45.4% | 40.3% | 3.0% | 2.1% | 0.0% | 0.0% | 90 | - | |
PKR 75,000 | Generated | 2015-05-01 | 12.0 months | N/A | PKR 19,494.74 | 45.4% | 40.3% | 3.0% | 2.1% | 0.0% | 0.0% | 90 | - | |
PKR 100,000 | Generated | 2015-05-01 | 9.0 months | N/A | PKR 20,293.26 | 46.8% | 40.3% | 3.9% | 2.6% | 0.0% | 0.0% | 88 | - | |
PKR 125,000 | Generated | 2015-05-01 | 18.0 months | N/A | PKR 47,708.71 | 44.3% | 40.3% | 2.2% | 1.8% | 0.0% | 0.0% | 93 | - |
Key Statistics | |
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# Samples: | |
# Products | |
# Institutions | |
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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 |
Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
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