Number borrowers | 713 |
Loan Amount (range) | INR 18,750 - 24,750 |
Loan Term (range) | 18 - 24 |
Other Services (text summary) | Group Mtgs |
Annual Interest & Method | 27.0% annual, Decl Bal |
Fees | 350.00-600.00 upfront |
Insurance | 190.00-240.00 upfront |
Tax | None |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 29.4% - 30.1% (Int+Fee) |
Insurance Component | 0.7% - 1.8% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 30.8% - 31.8% |
Transparency Index (min/max) | 84 - 88 |
Transparency Index (average) | 87 |
5,514 |
PKR 20,000 - 150,000 |
12 - 36 |
35.5%-38.0% annual, Decl Bal |
3.00% upfront |
None |
None |
N/A |
33.9% - 35.4% |
3.6% - 6.3% |
0 |
0 |
39.5% - 41.3% |
86 - 92 |
87 |
Outstanding portfolio (INR) | INR 14,160,506.44 |
Portfolio (USD) | USD 267,179.37 |
Active Clients with Loans | 713 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 0% - 20% |
Individual | |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | x |
Consumer loan | |
Agriculture | |
Education | x |
Other household finance | |
Other | |
Other (2) |
Credit education | |
Group meetings | x |
Credit insurance | |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services |
Men | |
Women | x |
Must run a business | x |
Must own a home or land | x |
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 |
Outstanding portfolio (PKR) | PKR 192,204,481 |
Portfolio (USD) | USD 1,887,448 |
Active Clients with Loans | 5,514 |
Approximate % Female Clients | 0% - 20% |
Approximate % Urban Clients | 80% - 100% |
Individual | x |
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 | |
Group meetings | |
Credit insurance | |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services | x |
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 | 5 |
# Regions for this product | 5 |
Regions Active | Balochistan, Islambad Capital Territory, Khyber Pakhtunkwa, Punjab, Sindh |
Currency | INR |
Minimum loan size | INR 18,750 |
Maximum loan size | 24,750 |
Loans less than INR 5,000 | 0 |
INR 5,000-15,000 | 0 |
INR 15,000-25,000 | 100% |
INR 25,000-35,000 | 0 |
INR 35,000-45,000 | 0 |
Greater than INR 45,000 | 0 |
Shortest loan term | 18.0 months |
Longest loan term | 24.0 months |
Approx average | 18.0 months |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | x |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Currency | PKR |
Minimum loan size | PKR 20,000 |
Maximum loan size | 150,000 |
Loans less than PKR 10,000 | 0 |
PKR 10,000-25,000 | 5% |
PKR 25,000-50,000 | 40% |
PKR 50,000-75,000 | 50% |
PKR 75,000-150,000 | 5% |
Greater than PKR 150,000 | 5% |
Shortest loan term | 12.0 months |
Longest loan term | 36.0 months |
Approx average | DK |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 90% |
Between 13 and 18 months | 10% |
Longer than 18 months | 0 |
Grace period usage | 0 |
Average grace period | 0 |
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 | 27.00% |
Highest quoted nominal interest | 27.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Processing Fee |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 350 |
Fixed amount - max | 600 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Insurance Fee (Voluntary) including Spouse (including Service Tax) |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 190 |
Fixed amount - max | 240 |
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 |
Lowest quoted nominal interest | 35.50% |
Highest quoted nominal interest | 38.00% |
Reason(s) why interest rate varies | Time as Client |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Loan Processing Fees |
% of loan amount - min | 3.00% |
% of loan amount - max | 3.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Processing fees also includes Life Insurance facility for the customers. |
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 | INR 18,750 | INR 18,750 | INR 21,750 | INR 24,750 | |||
Loan Cycle (1, 2, 3, etc) | 1 | 1 | Not Known | Not Known | |||
Disbursement Date | 2010-12-04 | 2010-12-10 | 2010-12-11 | 2010-12-11 | |||
Loan Term (Months) | 18.0 months | 16.8 months | 24.0 months | 24.0 months | |||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||
Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | |||
True Price by Comp | |||||||
Interest and Fee Component | 29.4% | 30.1% | 29.7% | 29.7% | |||
Insurance Component | 1.6% | 1.7% | 1.1% | 1.1% | |||
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) | 31.0% | 31.8% | 30.8% | 30.8% | |||
MFIN MFI Earning (Annualised) | 29.4% | 30.1% | 29.7% | 29.7% | |||
MFIN Cost to Borrower (Annualised) | 31.0% | 31.8% | 30.8% | 30.8% | |||
Transparency Index | 87 | 85 | 88 | 88 | |||
MFIN Transparency Index | N/A | N/A | N/A | N/A | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
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 40,000 | Real | 2015-03-31 | 12.3 months | N/A | PKR 9,494 | 39.6% | 33.9% | 5.7% | 0.0% | 0.0% | 0.0% | 90 | ||
PKR 40,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 8,915.98 | 41.3% | 35.0% | 6.3% | 0.0% | 0.0% | 0.0% | 86 | - | |
PKR 50,000 | Real | 2015-04-17 | 12.0 months | N/A | PKR 11,798 | 41.3% | 35.4% | 5.9% | 0.0% | 0.0% | 0.0% | 86 | ||
PKR 50,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 11,144.98 | 41.3% | 35.0% | 6.3% | 0.0% | 0.0% | 0.0% | 86 | - | |
PKR 25,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 5,572.49 | 41.3% | 35.0% | 6.3% | 0.0% | 0.0% | 0.0% | 86 | - | |
PKR 40,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 8,915.98 | 41.3% | 35.0% | 6.3% | 0.0% | 0.0% | 0.0% | 86 | - | |
PKR 50,000 | Generated | 2015-06-01 | 18.0 months | N/A | PKR 15,594.63 | 39.5% | 35.0% | 4.5% | 0.0% | 0.0% | 0.0% | 90 | - | |
PKR 60,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 13,373.97 | 41.3% | 35.0% | 6.3% | 0.0% | 0.0% | 0.0% | 86 | - | |
PKR 70,000 | Generated | 2015-06-01 | 18.0 months | N/A | PKR 21,832.49 | 39.5% | 35.0% | 4.5% | 0.0% | 0.0% | 0.0% | 90 | - | |
PKR 75,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 16,717.47 | 41.3% | 35.0% | 6.3% | 0.0% | 0.0% | 0.0% | 86 | - |
Key Statistics | |
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# 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 |
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