Institution Type | Credit Union / Cooperative |
Is this institution regulated? | Yes |
Website address | N/A |
Year established | 1999 |
Head of Institution | Sri G. John |
Regions active | |
# Branches | 38 |
Total Portfolio (nat'l) | INR 242,718,712 |
Total Portfolio (USD) | USD 4,579,598.34 |
Active clients with loans | 23,289 |
Approximate % female clients | 80% - 100% |
Approximate % urban clients | 0% - 20% |
Network affiliations |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Agriculture and Allied Business Loan | INR 5,000 - 50,000 | 12 - 20 | 80% - 100% | 0% - 20% | Business | Women | Credit Educ, Group Mtgs, Credit Ins, Other Training | |||||||
Crop Loan | INR 3,000 - 25,000 | 6 - 15 | 80% - 100% | 0% - 20% | Business, Other | Women | Credit Educ, Group Mtgs, Credit Ins, Other Training | |||||||
Education Loan | INR 3,000 - 20,000 | 12 - 20 | 60% - 80% | 0% - 20% | Education | Women, Have home or land, Salaried worker | Group Mtgs, Credit Ins, Other Training | |||||||
Group Loan | INR 10,000 - 30,000 | 12 - 20 | 80% - 100% | 20% - 40% | Any Purpose | Women | Credit Educ, Group Mtgs, Credit Ins, Other Training, Livelihood and Social Awareness programs | |||||||
Housing Loan | INR 10,000 - 50,000 | 15 - 30 | 60% - 80% | 0% - 20% | Housing | Women, Salaried worker | Credit Educ, Group Mtgs, Credit Ins, Other Training | |||||||
Micro Enterprise Loan | INR 5,000 - 50,000 | 12 - 20 | 80% - 100% | 0% - 20% | Business | Women, Have business | Credit Educ, Group Mtgs, Other Training, Social Awareness programs |
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 | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Agriculture and Allied Business Loan | 0% | 25.6% | 32.7% - 36.1% | N/A | ||||||||||
Crop Loan | 0% | 21.5% - 21.6% | 26.6% - 28.7% | N/A | ||||||||||
Education Loan | 0% | 25.6% - 25.7% | 33.8% - 36.2% | N/A | ||||||||||
Group Loan | 0% | 25.6% - 25.7% | 32.7% - 33.8% | N/A | ||||||||||
Housing Loan | 0% | 25.6% - 25.7% | 33.2% - 36.1% | N/A | ||||||||||
Micro Enterprise Loan | 0% | 25.6% - 25.7% | 32.7% - 35.9% | N/A |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Agriculture and Allied Business Loan | 12.5% annual, Flat | 1 Fee | 1 Ins | None | 10.0% upfront 50.00 ongoing | 25.6% | 32.7% - 36.1% | 37 | ||||||||
Crop Loan | 12.5% annual, Flat | 1 Fee | 1 Ins | None | 10.0% upfront 50.00 ongoing | 21.5% - 21.6% | 26.6% - 28.7% | 45 | ||||||||
Education Loan | 12.5% annual, Flat | 1 Fee | 1 Ins | None | 10.0% upfront 100.00 ongoing | 25.6% - 25.7% | 33.8% - 36.2% | 36 | ||||||||
Group Loan | 12.5% annual, Flat | 1 Fee | 1 Ins | None | 10.0% upfront 50.00 ongoing | 25.6% - 25.7% | 32.7% - 33.8% | 37 | ||||||||
Housing Loan | 9.0% annual, Flat | 1 Fee | 1 Ins | None | 10.0% upfront 100.00 ongoing | 25.6% - 25.7% | 33.2% - 36.1% | 26 | ||||||||
Micro Enterprise Loan | 12.5% annual, Flat | 1 Fee | 1 Ins | None | 10.0% upfront 50.00 ongoing | 25.6% - 25.7% | 32.7% - 35.9% | 37 |
Outstanding portfolio (PKR) | PKR 2,630,000 |
Portfolio (USD) | USD 26,836.73 |
Active Clients with Loans | 387 |
Approximate % Female Clients | 40% - 60% |
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 | x |
Credit insurance | |
Workplace visits | x |
Business training | x |
Other training | |
Other | |
Other (2) | |
No other services |
Men | x |
Women | x |
Must run a business | |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | x |
Other | |
Other (2) |
# Regions for this institution | 1 |
# Regions for this product | 1 |
Regions Active | Punjab |
Currency | PKR |
Minimum loan size | PKR 10,000 |
Maximum loan size | 30,000 |
Loans less than PKR 10,000 | 0 |
PKR 10,000-25,000 | 60% |
PKR 25,000-50,000 | 40% |
PKR 50,000-75,000 | 0 |
PKR 75,000-150,000 | 0 |
Greater than PKR 150,000 | 0 |
Shortest loan term | 6.0 months |
Longest loan term | 6.0 months |
Approx average | 6.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 100% |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 0 |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 100% |
Average grace period | 0.2 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 | 30.00% |
Highest quoted nominal interest | 30.00% |
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 | 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 |
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 | PKR 10,000 | PKR 10,000 | PKR 20,000 | PKR 30,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2013-02-16 | 2012-11-08 | 2013-02-27 | 2013-02-27 | |||
Loan Term (Months) | 6.0 months | 6.0 months | 6.0 months | 6.0 months | |||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||
Total Cost of Credit | PKR 1,700 | PKR 1,700 | PKR 3,400 | PKR 5,100 | |||
True Price by Comp | |||||||
Interest price component | 28.2% | 28.2% | 28.2% | 28.2% | |||
Fee Component | 4.1% | 4.1% | 4.1% | 4.1% | |||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
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) | 32.3% | 32.3% | 32.3% | 32.3% | |||
Transparency Index | N/A | N/A | N/A | N/A | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Key Statistics | |
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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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