- MFTransparency.org Truth In Lending Tables

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
Adhikar	35,300	2,674,000	1	138
AMPL	0	0	0	138
Arman	41,500	529,107,000	1	138
Arohan	43,500	8,091,000	2	138
ASA INDIA	164,000	15,380,000	1	138
Asirvad	113,500	19,328,000	1	138
Asmitha	1,114,800	217,867,000	1	138
Bandhan	4,048,600	674,564,000	5	138
Belstar	123,000	23,945,000	2	116
BSFL	275,200	31,590,000	3	138
Chaitanya	20,700	3,748,000	3	138
Disha Microfin	69,000	14,332,000	2	138
Equitas	1,220,000	186,415,000	4	138
ESAF	354,200	43,500,000	5	138
FFSL	150,600	35,719,000	2	138
Fusion	66,800	9,820,000	2	138
Grama Vidiyal	738,200	102,101,000	1	138
Grameen Koota	586,600	83,555,000	15	140
Janalakshmi	506,000	119,077,000	2	138
L & T Finance	399,800	37,199,000	1	138
MFL	331,800	49,083,000	1	138
MMFL	175,000	23,752,000	2	138
Mpower	13,600	2,263,000	2	138
Sahayata	0	0	0	138
Saija	24,700	4,682,000	2	138
Samasta	45,500	4,809,000	2	138
Satin	405,600	90,174,000	2	138
SCCI	115,600	15,910,000	2	138
Share	2,195,400	376,727,000	1	138
SKS	3,409,000	355,029,000	2	138
SMILE	360,200	56,927,000	1	138
SNFL	9,400	1,779,000	1	138
Sonata Finance	158,200	22,724,000	3	140
Spandana	533,400	147,240,000	2	138
Suryoday	78,600	14,713,000	3	138
SVCL	118,200	18,886,000	1	138
Swadhaar	92,800	17,166,000	3	138
Trident	68,700	8,852,000	1	138
Ujjivan	913,300	160,848,000	5	138
Utkarsh	168,600	25,915,000	3	138
VFS	175,400	19,264,000	2	138
Asomi	50,300	4,743,000	2	170
AES India	3,600	286,000	1	170
Arth	2,900	611,000	2	170
Asomi	50,300	4,743,000	2	170
Barasat GS	1,100	99,508.02	1	170
BJS	6,000	468,000	1	170
Cashpor	417,000	50,452,000	1	169
Credible	10,000	1,669,540.36	2	170
DIBAKAR	1,800	145,000	1	169
GOF	65,200	5,388,000	4	169
Hope	62,600	4,407,000	1	167
Jaago	2,700	237,000	1	168
LOK	4,900	573,000	1	169
Nano	25,600	3,660,000	2	170
NBSAAVS	28,100	2,821,000	1	167
Nirantara	8,200	917,000	2	169
Parama	7,100	482,000	1	169
Pragathi	26,200	4,579,000	6	169
PWMACS	36,500	5,946,000	1	169
Saadhana	90,900	12,046,000	2	169
Sambhav	1,500	183,000	3	169
Seba Rahara	6,700	468,000	1	169
SU	61,100	5,498,000	1	169
Swayanshree	7,900	918,000	2	169
Vikas Samiti	1,600	168,000	1	169
Vistaar	4,300	1,157,000	2	167
We The People	1,100	244,000	2	169
WEMCS	1,100	85,000	1	169
Yukti	1,100	99,000	2	169

Please note that the information you are viewing is 130 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

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: 130 months

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Product

Micro Pensioner Loan Product 6 of 9 « Prev | Next »

Product Details

Key Statistics

Outstanding portfolio (PKR)	PKR 525,119,655
Portfolio (USD)	USD 5,358,363.83
Active Clients with Loans	10,197
Approximate % Female Clients	0% - 20%
Approximate % Urban Clients	40% - 60%

Methodology

Individual	x
Solidarity group
Village banking
Self help group
Other

Description

For General Purpose needs of micro pensioners.

Loan Purpose

Any purpose	x
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)

Included Services

Credit education
Group meetings
Credit insurance	x
Workplace visits
Business training
Other training
Other
Other (2)
No other services

Eligibility

Men	x
Women	x
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age group
Other	Must be a pensioner
Other (2)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	6
# Regions for this product	6
Regions Active	Azad Kashmir, Balochistan, Gilgit-Baltistan, Khyber Pakhtunkwa, Punjab, Sindh

Loan Conditions

Loan Amount

Currency	PKR
Minimum loan size	PKR 20,000
Maximum loan size	150,000

Distribution at Disbursement (Est.)

Loans less than PKR 10,000	0
PKR 10,000-25,000	20%
PKR 25,000-50,000	50%
PKR 50,000-75,000	15%
PKR 75,000-150,000	15%
Greater than PKR 150,000	15%

Loan Term and Grace Period

Shortest loan term	6.0 months
Longest loan term	36.0 months
Approx average	24.0 months

Distribution at Disbursement (Est.)

Loans 3 months or less	0
Between 4 and 6 months	5%
Between 7 and 9 months	5%
Between 10 and 12 months	20%
Between 13 and 18 months	20%
Longer than 18 months	50%

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthly	x
Every 2 months
Quarterly	x
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest

Lowest quoted nominal interest	30.00%
Highest quoted nominal interest	32.00%
Reason(s) why interest rate varies	Loan tenor
Interest rate period	Yearly
Interest Rate Calculation Method	Decl Bal
Subsidized by funder request?	No
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1
Description	loan processing fee
% of loan amount - min	0
% of loan amount - max	0
OR, Fixed amount - min	522
Fixed amount - max	522
Reason for variation	Fee is fixed. 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 for	Never
Criteria	N/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 deposited	N/A
or, Fixed-amount deposited	N/A

Deposits DURING period payments

% loan amount deposited	N/A
or, Fixed-amount deposited	N/A
Conditions on access to deposit	N/A

Interest Paid on Deposit

Minimum interest rate paid	N/A
Maximum interest rate paid	N/A
Interest payment frequency	N/A

Taxes

Are taxes charged on this product?	Yes
Percentage of fees	16%
All or some fees taxed	Some

Full Pricing Data

Micro Pensioner Loan samples

	Sample 1	Sample 2	Sample 3
Loan Amount	PKR 30,000	PKR 50,000	PKR 90,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known
Disbursement Date	2012-10-18	2013-01-22	2013-01-18
Loan Term (Months)	12.0 months	36.0 months	36.0 months
Grace Period (Months)	0.0 months	0.0 months	0.0 months
Total Cost of Credit	PKR 6,305.52	PKR 28,917	PKR 51,634
True Price by Comp
Interest price component	33.0%	30.1%	30.1%
Fee Component	3.4%	0.8%	0.4%
Insurance Component	0.0%	0.0%	0.0%
Tax Component	0.5%	0.0%	0.0%
Deposit Component	0.0%	0.0%	0.0%
Full APR (int fee ins tax dep)	36.9%	30.9%	30.5%
Transparency Index	N/A	N/A	N/A

Original Repayment Schedule	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF

Micro Pensioner Loan Price Graphs

Click to view Price Analysis Tool

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

	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 ∞

Institution

Product

Product Details

Key Statistics

Methodology

Description

Loan Purpose

Included Services

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

Loan Conditions

Loan Amount

Distribution at Disbursement (Est.)

Loan Term and Grace Period

Distribution at Disbursement (Est.)

Grace Period

Repayment Frequency

Pricing Information

Interest

Upfront Fees

Ongoing Fees

Upfront Insurance Fees

Ongoing Insurance Fees

Compulsory Deposit

Deposit BEFORE or AT Disbursement

Deposits DURING period payments

Interest Paid on Deposit

Taxes

Full Pricing Data

Micro Pensioner Loan samples

Micro Pensioner Loan Price Graphs

Total Borrowers of Samples

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