Outstanding portfolio (INR) | INR 73,971,417 |
Portfolio (USD) | USD 1,395,687.11 |
Active Clients with Loans | 8,014 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 0% - 20% |
Individual | |
Solidarity group | |
Village banking | |
Self help group | x |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | x |
Other | |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | x |
Other | |
Other (2) | |
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 |
Currency | INR |
Minimum loan size | INR 3,000 |
Maximum loan size | 25,000 |
Shortest loan term | 6.0 months |
Longest loan term | 15.0 months |
Approx average | 6.0 months |
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 | |
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 |
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? | No |
Ins 1 | |
---|---|
Description | Insurance 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? | No |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | Yes |
Do borrowers control deposit in their group? | Yes |
% loan amount deposited | 10.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | INR 50 |
Conditions on access to deposit | When Leaving |
Minimum interest rate paid | 6.00% |
Maximum interest rate paid | 6.00% |
Interest payment frequency | Annually |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | INR 5,000 | INR 10,000 | INR 20,000 | ||
Loan Cycle (1, 2, 3, etc) | 1 | 1 | 2 | ||
Disbursement Date | 2010-04-15 | 2010-05-15 | 2010-05-15 | ||
Loan Term (Months) | 15.0 months | 15.0 months | 15.0 months | ||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
Total Cost of Credit | Not Known | Not Known | Not Known | ||
True Price by Comp | |||||
Interest and Fee Component | 21.6% | 21.5% | 21.6% | ||
Insurance Component | 1.4% | 1.4% | 1.4% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 5.8% | 4.3% | 3.7% | ||
Full APR (int fee ins tax dep) | 28.7% | 27.3% | 26.6% | ||
MFIN MFI Earning (Annualised) | 21.6% | 21.5% | 21.6% | ||
MFIN Cost to Borrower (Annualised) | 28.7% | 27.3% | 26.6% | ||
Transparency Index | 44 | 46 | 47 | ||
MFIN Transparency Index | N/A | N/A | N/A | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Institution Type | Bank |
Is this institution regulated? | Yes |
Website address | http://www.finca.org.pk |
Year established | 2008 |
Head of Institution | Muhammad Mudassar Aqil |
Regions active | Khyber Pakhtunkwa, Punjab, Sindh |
# Branches | 100 |
Total Portfolio (nat'l) | PKR 4,435,751,302 |
Total Portfolio (USD) | USD 43,559,077.79 |
Active clients with loans | 82,051 |
Approximate % female clients | 0% - 20% |
Approximate % urban clients | 60% - 80% |
Network affiliations | Pakistan Microfinance Network |
Funders | FINCA Microfinance Cooperatief U.A., Kashf Holdings (Pvt.) Limited, International Finance Corporation (IFC), Triodos Fair Share Fund (TFSF) |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Kamyab Karobari Karza | PKR 25,000 - 150,000 | 3 - 18 | 0% - 20% | 80% - 100% | Business | Women, Men, Have business | Credit Ins | |||||||
Sunehri Karza | PKR 25,000 - 150,000 | 3 - 24 | 0% - 20% | 60% - 80% | Business | Women, Men, Have business | Credit Ins | |||||||
Raqam Barwaqt | PKR 50,000 - 150,000 | 12 | 0% - 20% | 80% - 100% | Business | Women, Men, Have business | Credit Ins | |||||||
Zarai Karza | PKR 25,000 - 150,000 | 3 - 12 | 0% - 20% | 0% | Agriculture | Women, Men, Have business | Credit Ins | |||||||
Kamyab Kashtkar Karza | PKR 25,000 - 150,000 | 3 - 12 | 0% | 0% | Agriculture | Women, Men, Have business | Credit Ins |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Kamyab Karobari Karza | 25.0%-30.0% annual, Flat | 1 Fee | 1 Ins | 16.00% fees | N/A | 42.7% - 55.2% | 44.7% - 59.1% | 45 | ||||||||
Sunehri Karza | 24.0%-26.0% annual, Decl Bal | 1 Fee | 1 Ins | 16.00% fees | N/A | 25.3% - 35.8% | 27.3% - 40.9% | 72 | ||||||||
Raqam Barwaqt | 27.0%-28.0% annual, Flat | 1 Fee | 1 Ins | 16.00% fees | N/A | 30.4% - 32.2% | 31.7% - 33.8% | 81 | ||||||||
Zarai Karza | 27.0% annual, Flat | 1 Fee | 1 Ins | 16.00% fees | N/A | 25.8% - 39.9% | 27.2% - 44.7% | 86 | ||||||||
Kamyab Kashtkar Karza | 29.0%-30.0% annual, Flat | 1 Fee | 1 Ins | 16.00% fees | N/A | 30.6% - 35.5% | 31.8% - 38.7% | 83 |
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% Products with compulsory deposits |
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