Institution Type | Non-Governmental Organization |
Is this institution regulated? | Yes |
Website address | N/A |
Year established | 1991 |
Head of Institution | Brahmanand Hegde |
Regions active | |
# Branches | 13 |
Total Portfolio (nat'l) | INR 130,679,313 |
Total Portfolio (USD) | USD 2,465,647.42 |
Active clients with loans | 11,673 |
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 | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
High Ticket livelihood Group Loan Product | INR 18,750 - 24,750 | 18 - 24 | 80% - 100% | 0% - 20% | Business, Housing, Education | Women, Have business, Have home or land | Group Mtgs | |||||||
Standard Ticket Loan | INR 12,850 - 15,250 | 18 | 80% - 100% | 0% - 20% | Business, Housing, Education | Women, Have business, Have home or land, Min 2 members per group to have own house or shop |
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 | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
High Ticket livelihood Group Loan Product | 0% | 29.4% - 30.1% | 30.8% - 31.8% | N/A | ||||||||||
Standard Ticket Loan | 0% | 30.2% - 30.3% | 31% - 32.1% | N/A |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
High Ticket livelihood Group Loan Product | 27.0% annual, Decl Bal | 1 Fee | 1 Ins | None | N/A | 29.4% - 30.1% | 30.8% - 31.8% | 87 | ||||||||
Standard Ticket Loan | 27.0% annual, Decl Bal | 1 Fee | 1 Ins | None | N/A | 30.2% - 30.3% | 31% - 32.1% | 85 |
Outstanding portfolio (PKR) | PKR 308,090,243 |
Portfolio (USD) | USD 3,025,446.19 |
Active Clients with Loans | 8,912 |
Approximate % Female Clients | 0% - 20% |
Approximate % Urban Clients | 0% - 20% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | x |
Education | |
Other household finance | |
Other | Livetsock |
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 | 4 |
# Regions for this product | 4 |
Regions Active | Islambad Capital Territory, Khyber Pakhtunkwa, Punjab, Sindh |
Currency | PKR |
Minimum loan size | PKR 20,000 |
Maximum loan size | 60,000 |
Loans less than PKR 10,000 | 0 |
PKR 10,000-25,000 | 0 |
PKR 25,000-50,000 | 100% |
PKR 50,000-75,000 | 0 |
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 | 10% |
Between 7 and 9 months | 30% |
Between 10 and 12 months | 60% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 0 |
Average grace period | 0 |
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 | 29.00% |
Highest quoted nominal interest | 29.00% |
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 | Loan Processing Fee |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 700 |
Fixed amount - max | 700 |
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? | Yes |
Percentage of fees | 16% |
All or some fees taxed | All |
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 25,000 | Real | 2015-05-04 | 11.0 months | N/A | PKR 7,480.87 | 29.3% | 25.7% | 3.1% | 0.0% | 0.5% | 0.0% | 99 | ||
PKR 25,000 | Generated | 2015-06-01 | 11.8 months | N/A | PKR 7,962.68 | 28.9% | 25.5% | 2.9% | 0.0% | 0.5% | 0.0% | 100 | - | |
PKR 50,000 | Real | 2015-05-07 | 12.0 months | N/A | PKR 15,337.94 | 27.1% | 25.4% | 1.5% | 0.0% | 0.2% | 0.0% | 100 | ||
PKR 50,000 | Generated | 2015-06-01 | 11.8 months | N/A | PKR 15,113.37 | 27.2% | 25.5% | 1.4% | 0.0% | 0.3% | 0.0% | 100 | - | |
PKR 26,000 | Generated | 2015-06-01 | 5.9 months | N/A | PKR 4,530.36 | 33.6% | 27.1% | 5.6% | 0.0% | 0.9% | 0.0% | 86 | - | |
PKR 27,000 | Generated | 2015-06-01 | 11.8 months | N/A | PKR 8,534.74 | 28.6% | 25.5% | 2.7% | 0.0% | 0.4% | 0.0% | 100 | - | |
PKR 28,000 | Generated | 2015-06-01 | 11.8 months | N/A | PKR 8,820.77 | 28.5% | 25.5% | 2.6% | 0.0% | 0.4% | 0.0% | 100 | - | |
PKR 30,000 | Generated | 2015-06-01 | 11.8 months | N/A | PKR 9,392.82 | 28.3% | 25.5% | 2.4% | 0.0% | 0.4% | 0.0% | 100 | - | |
PKR 40,000 | Generated | 2015-06-01 | 8.9 months | N/A | PKR 9,392.82 | 29.1% | 26.3% | 2.4% | 0.0% | 0.4% | 0.0% | 100 | - | |
PKR 60,000 | Generated | 2015-06-01 | 8.9 months | N/A | PKR 13,683.23 | 28.1% | 26.3% | 1.6% | 0.0% | 0.2% | 0.0% | 100 | - |
Key Statistics | |
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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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