2. SVCL
Please note that the information you are viewing is 139 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  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

SV Creditline Pvt Ltd 10th Floor,Tower D,Global Business ParkGurgaon, HaryanaPO Box 122002
Data approved: 2013-03-31
Data version: 3
Age of data: 139 months
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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

Product

Income Generation Loan Product 1 of 1 « Prev | Next »

Product

Enterprise Finance Product 2 of 9 « Prev | Next »

Product Summary

Number borrowers118,217
Loan Amount (range)INR 8,000 - 14,000
Loan Term (range)10.7
Other Services (text summary)Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits
Annual Interest & Method30.0% annual, Decl Bal
Fees1.00% upfront
Insurance112.00 upfront
Tax12.36% fees
Comp DepN/A
Range of pricing 
Interest Price Component29.9%
Fee Component2.3%
Insurance Component1.9% - 2.6%
Tax Component Range0.3%
Full APR (int fee ins tax dep)34.4% - 35.1%
Transparency Index (min/max)85 - 87
Transparency Index (average)86

Product Summary

54,724
PKR 15,000 - 150,000
3 - 18
Group Mtgs, Credit Ins
38.4% annual, Decl Bal
550.00-1,250.00 upfront
None
16.00% fees
N/A
 
4.0% - 41.0%
0.4% - 8.6%
0
0 - 0.9%
30.0% - 38.2%
0 - N/A
N/A

Product Details

Key Statistics
Outstanding portfolio (INR)INR 1,000,987,853
Portfolio (USD)USD 18,886,563.26
Active Clients with Loans118,217
Approximate % Female Clients100%
Approximate % Urban Clients40% - 60%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Income Generation Loan is targeted at women borrowers engaged in small business activities. The loan is offered to customers together with a life insurance. Loan term is 46 weeks.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visitsx
Business training
Other training
Other
Other (2)
No other services
Eligibility
Men
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age groupx
Household income <60,000 INRx
Household income <120,000 INRx
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 institution3
# Regions for this product3
Regions ActiveMadhya Pradesh, Rajasthan, Uttar Pradesh

Product Details

Key Statistics
Outstanding portfolio (PKR)PKR 835,981,703
Portfolio (USD)USD 8,530,425.54
Active Clients with Loans54,724
Approximate % Female Clients0% - 20%
Approximate % Urban Clients80% - 100%
Methodology
Individualx
Solidarity groupx
Village banking
Self help group
Other
Description
Financing Facility to Micro Entrepreneurs for Working Capital and Small Asset Acquisition
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetingsx
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
OtherStart up can also avail loan facility
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution6
# Regions for this product6
Regions ActiveAzad Kashmir, Balochistan, Gilgit-Baltistan, Khyber Pakhtunkwa, Punjab, Sindh

Loan Conditions

Loan Amount
CurrencyINR
Minimum loan sizeINR 8,000
Maximum loan size14,000
Distribution at Disbursement (Est.)
Loans less than INR 5,0000
INR 5,000-15,000100%
INR 15,000-25,0000
INR 25,000-35,0000
INR 35,000-45,0000
Greater than INR 45,0000
Loan Term and Grace Period
Shortest loan term10.7 months
Longest loan term10.7 months
Approx average10.7 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months100%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
Every 2 weeksx
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyPKR
Minimum loan sizePKR 15,000
Maximum loan size150,000
Distribution at Disbursement (Est.)
Loans less than PKR 10,0000
PKR 10,000-25,0005%
PKR 25,000-50,00010%
PKR 50,000-75,00015%
PKR 75,000-150,00070%
Greater than PKR 150,00070%
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term18.0 months
Approx average15.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months10%
Between 7 and 9 months5%
Between 10 and 12 months80%
Between 13 and 18 months5%
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest30.00%
Highest quoted nominal interest30.00%
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing 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 Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsurance Fee
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min112
Fixed amount - max112
Reason for variationInsurance depends on loan size.
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?Yes
Percentage of fees12.4%
All or some fees taxedSome

Pricing Information

Interest
Lowest quoted nominal interest38.40%
Highest quoted nominal interest38.40%
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionLoan Processing Fee
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min550
Fixed amount - max1,250
Reason for variationFee applies on different loan slabs. Insurance fee is part of processing fee
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?Yes
Percentage of fees16%
All or some fees taxedSome

Full Pricing Data

Income Generation Loan samples
Sample 1Sample 2Sample 3
Loan AmountINR 10,000INR 12,000INR 14,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2013-01-282013-01-282013-01-28
Loan Term (Months)11.0 months11.0 months11.0 months
Grace Period (Months)0.0 months0.0 months0.0 months
Total Cost of CreditINR 1,660.36INR 1,966.83INR 2,279.30
True Price by Comp     
Interest price component29.9%29.9%29.9%
Fee Component2.3%2.3%2.3%
Insurance Component2.6%2.2%1.9%
Tax Component0.3%0.3%0.3%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)35.1%34.7%34.4%
MFIN MFI Earning (Annualised)32.2%32.2%32.2%
MFIN Cost to Borrower (Annualised)35.1%34.7%34.4%
Transparency Index858787
MFIN Transparency Index100100100
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula

Full Pricing Data

Enterprise Finance samples
Sample 1Sample 2Sample 3
Loan AmountPKR 20,000PKR 50,000PKR 50,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2013-03-252013-03-202013-03-20
Loan Term (Months)12.0 months12.0 months14.1 months
Grace Period (Months)0.0 months0.0 months2.0 months
Total Cost of CreditPKR 4,322PKR 9,756PKR 22,829
True Price by Comp     
Interest price component31.3%31.3%28.9%
Fee Component6.9%2.7%1.1%
Insurance Component0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)38.2%34.0%30.0%
Transparency IndexN/AN/AN/A
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
Income Generation Loan Price Graphs


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Enterprise Finance Price Graphs


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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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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