Institution Type | Credit Union / Cooperative |
Is this institution regulated? | No |
Website address | N/A |
Year established | 1997 |
Head of Institution | P.V. Ravikumar |
Regions active | |
# Branches | 8 |
Total Portfolio (nat'l) | INR 315,140,153 |
Total Portfolio (USD) | USD 5,946,040.62 |
Active clients with loans | 36,543 |
Approximate % female clients | 80% - 100% |
Approximate % urban clients | 40% - 60% |
Network affiliations |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Income Generating Loan | INR 5,000 - 50,000 | 12 - 60 | 80% - 100% | 20% - 40% | Any Purpose | Women | Group Mtgs, Credit Ins, Business Training |
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 | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Income Generating Loan | 0 | 20.2% - 20.6% | 31% - 37.2% | N/A |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Income Generating Loan | 19.2% annual, Decl Bal | 1 Fee | 1 Ins | None | 20.0% upfront 50.00 ongoing | 20.2% - 20.6% | 31% - 37.2% | 58 |
Outstanding portfolio (PKR) | PKR 635,054,513 |
Portfolio (USD) | USD 6,236,235.32 |
Active Clients with Loans | 53,920 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 0% - 20% |
Individual | |
Solidarity group | |
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 | |
Credit insurance | |
Workplace visits | |
Business training | x |
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 | 1 |
# Regions for this product | 1 |
Regions Active | Sindh |
Currency | PKR |
Minimum loan size | PKR 5,000 |
Maximum loan size | 100,000 |
Loans less than PKR 10,000 | 0 |
PKR 10,000-25,000 | 60% |
PKR 25,000-50,000 | 30% |
PKR 50,000-75,000 | 10% |
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 | DK |
Loans 3 months or less | 0 |
Between 4 and 6 months | 5% |
Between 7 and 9 months | 15% |
Between 10 and 12 months | 80% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 100% |
Average grace period | 0.3 months |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 18.00% |
Highest quoted nominal interest | 18.00% |
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 | Documentation 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 | Health and Accidental Insurance |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 125 |
Fixed amount - max | 125 |
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 |
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 10,000 | Real | 2015-04-15 | 12.0 months | N/A | PKR 2,125 | 37.6% | 31.2% | 3.9% | 2.5% | 0.0% | 0.0% | 48 | ||
PKR 10,000 | Generated | 2015-06-01 | 11.3 months | N/A | PKR 2,021.44 | 37.0% | 30.4% | 4.0% | 2.6% | 0.0% | 0.0% | 49 | - | |
PKR 25,000 | Real | 2015-04-15 | 12.0 months | N/A | PKR 5,125 | 36.1% | 31.2% | 3.9% | 1.0% | 0.0% | 0.0% | 50 | ||
PKR 25,000 | Generated | 2015-06-01 | 11.3 months | N/A | PKR 4,866.10 | 35.4% | 30.4% | 4.0% | 1.0% | 0.0% | 0.0% | 51 | - | |
PKR 15,000 | Generated | 2015-06-01 | 8.4 months | N/A | PKR 2,303.90 | 37.2% | 29.8% | 5.2% | 2.2% | 0.0% | 0.0% | 48 | - | |
PKR 20,000 | Generated | 2015-06-01 | 11.3 months | N/A | PKR 3,917.88 | 35.7% | 30.4% | 4.0% | 1.3% | 0.0% | 0.0% | 50 | - | |
PKR 22,000 | Generated | 2015-06-01 | 11.3 months | N/A | PKR 4,297.16 | 35.6% | 30.4% | 4.0% | 1.2% | 0.0% | 0.0% | 51 | - | |
PKR 30,000 | Generated | 2015-06-01 | 8.4 months | N/A | PKR 4,482.81 | 36.1% | 29.8% | 5.2% | 1.1% | 0.0% | 0.0% | 50 | - | |
PKR 40,000 | Generated | 2015-06-01 | 11.3 months | N/A | PKR 7,710.75 | 35.1% | 30.4% | 4.0% | 0.7% | 0.0% | 0.0% | 51 | - | |
PKR 70,000 | Generated | 2015-06-01 | 5.3 months | N/A | PKR 7,117.33 | 36.2% | 28.1% | 7.5% | 0.6% | 0.0% | 0.0% | 50 | - |
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 |
Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
---|---|---|---|---|---|---|---|
X Axis | ||||||
---|---|---|---|---|---|---|
Greater than: | ||||||
Less or equal to: | ||||||
N (# of Samples) | ||||||
Total Borrrowers of Samples | ||||||
Avg | ||||||
Min | ||||||
Max | ||||||
Std Dev | ||||||
By Inst Type | ||||||
By Country | ||||||
X Axis | ||||||
---|---|---|---|---|---|---|
Greater than: | ||||||
Less or equal to: | ||||||
From 0 to | ||||||
to | ||||||
to | ||||||
to ∞ |