2. Pragathi
Please note that the information you are viewing is 170 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Pragathi MAC Credit & Marketing Federation Ltd. #2-6-45/2, Sri Shanthi Nagar Colony, Road No. 2Circuit House Road, HanamkondaWarangal, Andhra Pradesh506001
Data approved: 2010-11-15
Data version: 1
Age of data: 170 months

Product

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Product Details

Key Statistics
Outstanding portfolio (INR)INR 73,971,417
Portfolio (USD)USD 1,395,687.11
Active Clients with Loans8,014
Approximate % Female Clients80% - 100%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity group
Village banking
Self help groupx
Other
Description
Members can use this loan for agriculture developments and agri-inputs.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household financex
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visits
Business training
Other trainingx
Other
Other (2)
No other services
Eligibility
Men
Womenx
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)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyINR
Minimum loan sizeINR 3,000
Maximum loan size25,000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term15.0 months
Approx average6.0 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterlyx
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest12.50%
Highest quoted nominal interest12.50%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min2.00%
% of loan amount - max2.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsurance Fee
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?Yes
Do borrowers control deposit in their group?Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited10.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount depositedINR 50
Conditions on access to depositWhen Leaving
Interest Paid on Deposit
Minimum interest rate paid6.00%
Maximum interest rate paid6.00%
Interest payment frequencyAnnually
Taxes
Are taxes charged on this product?No
Additional Comments
N/A

Full Pricing Data

Crop Loan samples
Sample 1Sample 2Sample 3
Loan AmountINR 5,000INR 10,000INR 20,000
Loan Cycle (1, 2, 3, etc)112
Disbursement Date2010-04-152010-05-152010-05-15
Loan Term (Months)15.0 months15.0 months15.0 months
Grace Period (Months)0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot Known
True Price by Comp     
Interest and Fee Component21.6%21.5%21.6%
Insurance Component1.4%1.4%1.4%
Tax Component0.0%0.0%0.0%
Deposit Component5.8%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 Index444647
MFIN Transparency IndexN/AN/AN/A
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula
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  2. FMFB
Please note that the information you are viewing is 132 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

The First MicroFinanceBank Ltd. 16th, 17th Floor, Habib Bank Ltd. Tower, Near China ChowkBlue AreaIslamabad, Federal44000
Data approved: 2013-07-25
Data version: 1
Age of data: 132 months

Institution Details

Institution TypeBank
Is this institution regulated?Yes
Website addresshttp://www.akdn.org/pakistan_microfinance.asp
Year established2002
Head of InstitutionAmir Masood Khan
Regions activeAzad Kashmir, Balochistan, Gilgit-Baltistan, Khyber Pakhtunkwa, Punjab, Sindh
# Branches133

Total Portfolio (nat'l)PKR 4,020,148,567
Total Portfolio (USD)USD 41,021,924.15
Active clients with loans166,267
Approximate % female clients20% - 40%
Approximate % urban clients40% - 60%
Network affiliationsPakistan Microfinance Network (PMN), Microfinance Network (MFN), Banking with the Poor, Aga Khan Development Network (AKDN)
FundersAga Khan Agency for Microfinance (Equity partner/Investor), International Finance Corporation (Equity Partner/Investor), Japan International Corporation Agency (JICA)

Loan Products » Summary

Agriculture
63,528 Borrowers
USD 16,214,001.18 Portfolio
Active Product
Enterprise
54,724 Borrowers
USD 8,530,425.54 Portfolio
Active Product
Livestock S
33,590 Borrowers
USD 8,406,219.68 Portfolio
Active Product
Livestock M
103 Borrowers
USD 47,239.66 Portfolio
Active Product
General
494 Borrowers
USD 137,748.27 Portfolio
Active Product
Pension
10,197 Borrowers
USD 5,358,363.83 Portfolio
Active Product
Salary
2,939 Borrowers
USD 1,829,346.10 Portfolio
Active Product
Gold
458 Borrowers
USD 324,813.30 Portfolio
Active Product
Near Cash
233 Borrowers
USD 173,650.49 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Agriculture Finance PKR 10,000 - 150,000 3 - 14 0% - 20% 0% Agriculture Women, Men, Has owned or contracted cultivation land and has experience of cultivation Group Mtgs, Credit Ins
Enterprise Finance PKR 15,000 - 150,000 3 - 18 0% - 20% 80% - 100% Business Women, Men, Have business, Start up can also avail loan facility Group Mtgs, Credit Ins
Livestock Finance (Short Term) PKR 10,000 - 150,000 3 - 12 20% - 40% 0% - 20% Business, Small animal purchase, raring, fattening and productivity enhancement of large animals Women, Men Group Mtgs, Credit Ins
Livestock Finance (Medium Term) PKR 30,000 - 80,000 6 - 36 40% - 60% 0% - 20% Business, Purchase of milking cow/buffallo Women, Men, Must have at least 2 existing milking animals Group Mtgs, Credit Ins
General Purpose Finance PKR 10,000 - 50,000 3 - 12 40% - 60% 0% - 20% Housing, Education, Other Women, Men Group Mtgs, Credit Ins
Micro Pensioner Loan PKR 20,000 - 150,000 6 - 36 0% - 20% 40% - 60% Any Purpose Women, Men, Must be a pensioner Credit Ins
Low Salary Employees Loan PKR 20,000 - 150,000 6 - 36 0% - 20% 40% - 60% Any Purpose Women, Men, Salaried worker Credit Ins
Individual Loan Against Gold PKR 35,000 - 150,000 3 - 12 40% - 60% 100% Any Purpose Women, Men Credit Ins
Individual Loan Against Cash/Near Cash PKR 20,000 - 150,000 3 - 24 0% - 20% 40% - 60% Any Purpose Women, Men Credit Ins

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Agriculture Finance 26.0%-38.4% annual, Decl Bal 1 Fee 0 Ins 16.00% fees N/A 29.1% - 33.8% 29.1% - 33.9% N/A
Enterprise Finance 38.4% annual, Decl Bal 1 Fee 0 Ins 16.00% fees N/A 30% - 38.2% 30% - 38.2% N/A
Livestock Finance (Short Term) 26.0%-38.4% annual, Decl Bal 1 Fee 0 Ins 16.00% fees N/A 27.8% - 40.2% 27.8% - 40.6% N/A
Livestock Finance (Medium Term) 31.7%-40.9% annual, Decl Bal 1 Fee 0 Ins 16.00% fees N/A 32.1% - 44.6% 32.1% - 45.1% N/A
General Purpose Finance 26.0%-38.4% annual, Decl Bal 1 Fee 0 Ins 16.00% fees N/A 27.6% - 37.6% 27.6% - 37.6% N/A
Micro Pensioner Loan 30.0%-32.0% annual, Decl Bal 1 Fee 0 Ins 16.00% fees N/A 30.5% - 36.4% 30.5% - 36.9% N/A
Low Salary Employees Loan 30.0%-32.0% annual, Decl Bal 1 Fee 0 Ins 16.00% fees N/A 32.2% - 33.6% 32.2% - 33.6% N/A
Individual Loan Against Gold 24.0% annual, Decl Bal 2 Fees 0 Ins 16.00% fees N/A 25.1% - 26.1% 25.3% - 26.5% N/A
Individual Loan Against Cash/Near Cash 4.0%-20.0% annual, Decl Bal 1 Fee 0 Ins 16.00% fees N/A 4.6% - 25.2% 4.7% - 26.1% N/A
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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
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Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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