Number borrowers | 155 |
Loan Amount (range) | INR 5,000 - 12,000 |
Loan Term (range) | 16.8 - 18 |
Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Other Training, Financial Literacy Programs, Community Contact Programs |
Annual Interest & Method | 27.9% annual, Decl Bal |
Fees | 2.00% upfront |
Insurance | 150.00-250.00 upfront |
Tax | None |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 31.0% (Int+Fee) |
Insurance Component | 2.8% - 6.4% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 34.2% - 37.4% |
Transparency Index (min/max) | 38 - 82 |
Transparency Index (average) | 79 |
343,540 |
PKR 15,000 - 50,000 |
3 - 12 |
Group Mtgs, Credit Ins |
31.0% annual, Decl Bal |
800.00-1,000.00 upfront |
None |
16.00% fees |
N/A |
22.4% - 30.6% |
1.0% - 13.7% |
0 |
0.1% - 2.3% |
30.0% - 37.4% |
67 - 100 |
92 |
Outstanding portfolio (INR) | INR 1,527,884 |
Portfolio (USD) | USD 28,828 |
Active Clients with Loans | 155 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 20% - 40% |
Individual | |
Solidarity group | x |
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 | x |
Group meetings | x |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | x |
Other | Financial Literacy Programs |
Other (2) | Community Contact Programs |
No other services |
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 | N/A |
# Regions for this product | N/A |
Regions Active |
Outstanding portfolio (PKR) | PKR 8,055,709,883 |
Portfolio (USD) | USD 79,107,071.05 |
Active Clients with Loans | 343,540 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 0% - 20% |
Individual | |
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 | x |
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 | |
Other | |
Other (2) |
# Regions for this institution | 6 |
# Regions for this product | 6 |
Regions Active | Azad Kashmir, Balochistan, Islambad Capital Territory, Khyber Pakhtunkwa, Punjab, Sindh |
Currency | INR |
Minimum loan size | INR 5,000 |
Maximum loan size | 12,000 |
Shortest loan term | 16.8 months |
Longest loan term | 18.0 months |
Approx average | 16.8 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 0 |
Between 13 and 18 months | 100% |
Longer than 18 months | 0 |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | x |
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 | 50,000 |
Loans less than PKR 10,000 | 0 |
PKR 10,000-25,000 | 80% |
PKR 25,000-50,000 | 20% |
PKR 50,000-75,000 | 0 |
PKR 75,000-150,000 | 0 |
Greater than PKR 150,000 | 0 |
Shortest loan term | 3.0 months |
Longest loan term | 12.0 months |
Approx average | 10.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 10% |
Between 10 and 12 months | 90% |
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 | |
Every 12 months | |
Single end payment | x |
Irregular payments |
Lowest quoted nominal interest | 27.93% |
Highest quoted nominal interest | 27.93% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Processing 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 | Insurance Fee |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 150 |
Fixed amount - max | 250 |
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 |
Lowest quoted nominal interest | 31.00% |
Highest quoted nominal interest | 31.00% |
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 | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 800 |
Fixed amount - max | 1,000 |
Reason for variation | Loan =<PKR 30,000= 800, > 30,000 and = 50,000 = 1000 |
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? | Yes |
Percentage of fees | 16% |
All or some fees taxed | Some |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | INR 5,000 | INR 10,000 | INR 10,000 | INR 10,000 | |||
Loan Cycle (1, 2, 3, etc) | 1 | 1 | 1 | 1 | |||
Disbursement Date | 2010-11-03 | 2010-10-30 | 2010-10-27 | 2010-11-03 | |||
Loan Term (Months) | 16.8 months | 16.8 months | 16.8 months | 16.8 months | |||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||
Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | |||
True Price by Comp | |||||||
Interest and Fee Component | 31.0% | 31.0% | 31.0% | 31.0% | |||
Insurance Component | 6.4% | 3.3% | 3.3% | 3.2% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Full APR (int fee ins tax dep) | 37.4% | 34.3% | 34.3% | 34.2% | |||
MFIN MFI Earning (Annualised) | 31.0% | 31.0% | 31.0% | 31.0% | |||
MFIN Cost to Borrower (Annualised) | 37.4% | 34.3% | 34.3% | 34.2% | |||
Transparency Index | 75 | 81 | 81 | 82 | |||
MFIN Transparency Index | N/A | N/A | N/A | N/A | |||
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 15,000 | Real | 2014-08-18 | 9.4 months | N/A | PKR 4,235 | 33.5% | 25.3% | 7.0% | 0.0% | 1.2% | 0.0% | 93 | ||
PKR 15,000 | Generated | 2015-06-01 | 8.3 months | N/A | PKR 4,138.41 | 37.4% | 28.1% | 7.9% | 0.0% | 1.4% | 0.0% | 83 | - | |
PKR 25,000 | Real | 2015-04-18 | 7.5 months | N/A | PKR 5,815 | 34.8% | 28.7% | 5.3% | 0.0% | 0.8% | 0.0% | 89 | ||
PKR 25,000 | Generated | 2015-06-01 | 7.2 months | N/A | PKR 5,578 | 34.8% | 28.4% | 5.5% | 0.0% | 0.9% | 0.0% | 89 | - | |
PKR 15,000 | Generated | 2015-06-01 | 8.9 months | N/A | PKR 4,367.73 | 36.6% | 27.9% | 7.4% | 0.0% | 1.3% | 0.0% | 85 | - | |
PKR 18,000 | Generated | 2015-06-01 | 11.8 months | N/A | PKR 6,431.56 | 32.4% | 27.1% | 4.6% | 0.0% | 0.7% | 0.0% | 96 | - | |
PKR 20,000 | Generated | 2015-06-01 | 11.8 months | N/A | PKR 7,043.07 | 31.9% | 27.1% | 4.1% | 0.0% | 0.7% | 0.0% | 97 | - | |
PKR 25,000 | Generated | 2015-06-01 | 11.8 months | N/A | PKR 8,571.84 | 30.9% | 27.1% | 3.3% | 0.0% | 0.5% | 0.0% | 100 | - | |
PKR 30,000 | Generated | 2015-06-01 | 8.9 months | N/A | PKR 8,039.45 | 33.3% | 27.9% | 4.6% | 0.0% | 0.8% | 0.0% | 93 | - | |
PKR 40,000 | Generated | 2015-06-01 | 11.8 months | N/A | PKR 13,390.14 | 30.0% | 27.1% | 2.5% | 0.0% | 0.4% | 0.0% | 100 | - |
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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