2. We The People
Please note that the information you are viewing is 170 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. TMFB
Please note that the information you are viewing is 114 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

We The People 102, D211, Laxmansingh Complex IMunirkaNew Delhi, Delhi110067
Data approved: 2010-10-25
Data version: 1
Age of data: 170 months

Institution

Tameer Microfinance Bank A-15, Block 7/8 KCHS Union, Karachi 75350, PakistanKarachi75350
Data approved: 2015-04-15
Data version: 2
Age of data: 114 months
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Product Summary

Number borrowers36
Loan Amount (range)INR 15,000 - 16,000
Loan Term (range)6 - 12
Other Services (text summary)Credit Educ, Credit Ins, Business Training
Annual Interest & Method15.0% annual, Flat
FeesNone
InsuranceNone
TaxNone
Comp Dep1,000.00 upfront
Range of pricing 
Interest Price ComponentN/A
Fee Component30.8% (Int+Fee)
Insurance Component4.4% - 5.9%
Tax Component Range0
Full APR (int fee ins tax dep)41.7%
Transparency Index (min/max)36 - 38
Transparency Index (average)36

Product Summary

18,352
PKR 10,000 - 150,000
12 - 36
18.0% annual, Flat
0.00%-2.00%, 1,000.00 min upfront
None
16.00% fees
N/A
 
23.8% - 45.8%
2.1% - 7.8%
0
0.3% - 1.3%
33.4% - 39.2%
45 - 100
49

Product Details

Key Statistics
Outstanding portfolio (INR)INR 11,000,000
Portfolio (USD)USD 207,547.17
Active Clients with Loans36
Approximate % Female Clients80% - 100%
Approximate % Urban Clients60% - 80%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Business expansion loan for our member who have already completed successfully the Subh Arambh loan. The purpose of this loan is to use working capital, capital requirement and procurement of raw materials for further expansion of their business.\r
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetings
Credit insurancex
Workplace visits
Business trainingx
Other training
Other
Other (2)
No other services
Eligibility
Men
Womenx
Must run a business
Must own a home or land
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)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Product Details

Key Statistics
Outstanding portfolio (PKR)PKR 629,599,517
Portfolio (USD)USD 6,182,667.26
Active Clients with Loans18,352
Approximate % Female Clients0% - 20%
Approximate % Urban Clients100%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
It is an EMI based financing facility for the customers who get monthly incomes to meet their ends and have limited formal financing facilities available.
Loan Purpose
Any purpose
Income generation
Mortgage/housing
Consumer loanx
Agriculture
Education
Other household financex
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurance
Workplace visits
Business training
Other training
Other
Other (2)
No other servicesx
Eligibility
Menx
Womenx
Must run a business
Must own a home or land
Must be a salaried workerx
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution5
# Regions for this product2
Regions ActivePunjab, Sindh

Loan Conditions

Loan Amount
CurrencyINR
Minimum loan sizeINR 15,000
Maximum loan size16,000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term12.0 months
Approx average0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyPKR
Minimum loan sizePKR 10,000
Maximum loan size150,000
Distribution at Disbursement (Est.)
Loans less than PKR 10,0000
PKR 10,000-25,0000
PKR 25,000-50,00080%
PKR 50,000-75,00010%
PKR 75,000-150,00010%
Greater than PKR 150,00010%
Loan Term and Grace Period
Shortest loan term12.0 months
Longest loan term36.0 months
Approx average18.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months80%
Between 13 and 18 months20%
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 interest15.00%
Highest quoted nominal interest15.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
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 forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?Yes
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited0
or, Fixed-amount depositedINR 1,000
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid0
Maximum interest rate paid0
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Pricing Information

Interest
Lowest quoted nominal interest18.00%
Highest quoted nominal interest18.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing fee
% of loan amount - min0
% of loan amount - max2.00%
OR, Fixed amount - min1,000
Fixed amount - max0
Reason for variation%age of loan amount or fixed amount- whichever is higher
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

Sukh Samridhi samples
Sample 1
Loan AmountINR 15,000
Loan Cycle (1, 2, 3, etc)Not Known
Disbursement Date2010-03-31
Loan Term (Months)11.7 months
Grace Period (Months)0
Total Cost of CreditNot Known
True Price by Comp 
Interest and Fee Component30.8%
Insurance Component5.9%
Tax Component0
Deposit Component5.0%
Full APR (int fee ins tax dep)41.7%
MFIN MFI Earning (Annualised)30.8%
MFIN Cost to Borrower (Annualised)41.7%
Transparency Index36
MFIN Transparency IndexN/A
  
Original Repayment SchedulePDF
MFT Pricing CalculationPDF
* The APR stated here is an MFTransparency term, definition and formula

Full Pricing Data

Salary Loan samples
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 26,000 Generated 2015-06-01 12.0 months N/A PKR 5,852.82 39.2% 30.6% 7.4% 0.0% 1.2% 0.0% 46 - PDF
PKR 28,000 Generated 2015-06-01 12.0 months N/A PKR 6,223.09 38.7% 30.6% 6.9% 0.0% 1.2% 0.0% 47 - PDF
PKR 30,000 Generated 2015-06-01 12.0 months N/A PKR 6,597.99 38.2% 30.6% 6.5% 0.0% 1.1% 0.0% 47 - PDF
PKR 35,000 Generated 2015-06-01 12.0 months N/A PKR 7,477.20 37.0% 30.6% 5.5% 0.0% 0.9% 0.0% 49 - PDF
PKR 40,000 Generated 2015-06-01 12.0 months N/A PKR 8,379.73 36.1% 30.6% 4.8% 0.0% 0.7% 0.0% 50 - PDF
PKR 45,000 Generated 2015-06-01 12.0 months N/A PKR 9,322.79 35.7% 30.6% 4.4% 0.0% 0.7% 0.0% 50 - PDF
PKR 65,000 Generated 2015-06-01 18.0 months N/A PKR 19,106.08 33.4% 30.3% 2.6% 0.0% 0.5% 0.0% 54 - PDF
PKR 95,000 Generated 2015-06-01 18.0 months N/A PKR 27,924.27 33.4% 30.3% 2.6% 0.0% 0.5% 0.0% 54 - PDF
Sukh Samridhi 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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