2. ASA
Please note that the information you are viewing is 112 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. Urwego

Institution

ASA Pakistan Ltd. T-61, Block-6, PECHS,Karachi, Sindh Pakistan
Data approved: 2015-04-13
Data version: 2
Age of data: 112 months
Choose version

Institution

Urwego Opportunity Bank Plot 1230 NyarugengeAvenue de la PaixKigaliPO Box 748
Data approved: 2012-09-27
Data version: 2
Age of data: -   months 
Choose version

Product

Small Loan Product 1 of 3 « Prev | Next »

Product

Micro Individual/Business Loan Product 3 of 4 « Prev | Next »

Product Summary

Number borrowers227,880
Loan Amount (range)PKR 17,000 - 49,000
Loan Term (range)11
Other Services (text summary)Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits
Annual Interest & Method43.7% annual, Decl Bal
FeesNone
InsuranceNone
TaxNone
Comp DepN/A
Range of pricing 
Interest Price Component43.0%
Fee Component0
Insurance Component0
Tax Component Range0
Full APR (int fee ins tax dep)43.0%
Transparency Index (min/max)100
Transparency Index (average)100

Product Summary

1,184
RWF 250,000 - 60,000,000
4 - 60
Credit Educ, Group Mtgs, Credit Ins, Business Training
18.0%-24.0% annual, Decl Bal
2.00% upfront
0.05%-7.99% upfront
18.00% fees
N/A
 
19.8% - 51.7%
2.0% - 5.7%
0.3% - 4.5%
0.4% - 1.9%
22.6% - 30.7%
32 - 80
71

Product Details

Key Statistics
Outstanding portfolio (PKR)PKR 2,928,782,054
Portfolio (USD)USD 28,760,639.77
Active Clients with Loans227,880
Approximate % Female Clients100%
Approximate % Urban Clients40% - 60%
Methodology
Individual
Solidarity group
Village banking
Self help group
Other
Description
Small Loan for Female Clients, enhancing there business. First time loan from 17 K to 25 K PKR. For succeeding Loan maximum increase of Rs. 8 K each time.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visitsx
Business training
Other training
Other
Other (2)
No other services
Eligibility
Men
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution2
# Regions for this product2
Regions ActivePunjab, Sindh

Product Details

Key Statistics
Outstanding portfolio (RWF)RWF 3,092,489,825
Portfolio (USD)USD 4,832,015.35
Active Clients with Loans1,184
Approximate % Female Clients40% - 60%
Approximate % Urban Clients80% - 100%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
This product is for small entrepreneurs as well as graduated clients from Community Banking groups and Solidarity Groups; a client must have a business.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loanx
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visits
Business trainingx
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution22
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyPKR
Minimum loan sizePKR 17,000
Maximum loan size49,000
Distribution at Disbursement (Est.)
Loans less than PKR 10,0000
PKR 10,000-25,00090%
PKR 25,000-50,00010%
PKR 50,000-75,0000
PKR 75,000-150,0000
Greater than PKR 150,0000
Loan Term and Grace Period
Shortest loan term11.0 months
Longest loan term11.0 months
Approx average11.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months100%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeksx
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyRWF
Minimum loan sizeRWF 250,000
Maximum loan size60,000,000
Distribution at Disbursement (Est.)
Loans less than RWF 500,00010%
RWF 500,000-1,500,00010%
RWF 1,500,000-2,500,00010%
RWF 2,500,000-3,500,00010%
RWF 3,500,000-4,500,00010%
Greater than RWF 4,500,00010%
Loan Term and Grace Period
Shortest loan term4.0 months
Longest loan term60.0 months
Approx averageDK
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months5%
Between 7 and 9 months5%
Between 10 and 12 months10%
Between 13 and 18 months30%
Longer than 18 months50%
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 interest43.74%
Highest quoted nominal interest43.74%
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
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 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?No

Pricing Information

Interest
Lowest quoted nominal interest18.00%
Highest quoted nominal interest24.00%
Reason(s) why interest rate variesLoan Size, Collateral
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionLoan Processing Fee
% of loan amount - min2.00%
% of loan amount - max2.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationExcluding VAT
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionCredit Life Insurance Premium
% of loan amount - min0.05%
% of loan amount - max7.99%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationLoans <10M pay 1%, loans >10M pay matrix fee
Appears on Repayment Sched?Yes
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 fees18%
All or some fees taxedAll
Additional Comments
APR calculations have used insurance rates applicable to a 30 year old client

Full Pricing Data

Small 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 20,000 Real 2015-05-01 10.9 months N/A PKR 4,618.98 43.0% 43.0% 0.0% 0.0% 0.0% 0.0% 100 PDF PDF
PKR 20,000 Generated 2015-05-01 10.9 months N/A PKR 4,618.98 43.0% 43.0% 0.0% 0.0% 0.0% 0.0% 100 - PDF
PKR 26,000 Real 2015-05-01 10.9 months N/A PKR 6,004.67 43.0% 43.0% 0.0% 0.0% 0.0% 0.0% 100 PDF PDF
PKR 26,000 Generated 2015-05-01 10.9 months N/A PKR 6,004.67 43.0% 43.0% 0.0% 0.0% 0.0% 0.0% 100 - PDF
PKR 25,000 Generated 2015-05-01 10.9 months N/A PKR 5,773.72 43.0% 43.0% 0.0% 0.0% 0.0% 0.0% 100 - PDF
PKR 18,000 Generated 2015-05-01 10.9 months N/A PKR 4,157.08 43.0% 43.0% 0.0% 0.0% 0.0% 0.0% 100 - PDF
PKR 15,000 Generated 2015-05-01 10.9 months N/A PKR 3,464.23 43.0% 43.0% 0.0% 0.0% 0.0% 0.0% 100 - PDF
PKR 10,000 Generated 2015-05-01 10.9 months N/A PKR 2,309.49 43.0% 43.0% 0.0% 0.0% 0.0% 0.0% 100 - PDF
PKR 13,000 Generated 2015-05-01 10.9 months N/A PKR 3,002.34 43.0% 43.0% 0.0% 0.0% 0.0% 0.0% 100 - PDF
PKR 43,000 Generated 2015-05-01 10.9 months N/A PKR 9,930.80 43.0% 43.0% 0.0% 0.0% 0.0% 0.0% 100 - PDF

Full Pricing Data

Micro Individual/Business Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountRWF 250,000RWF 490,000RWF 1,000,000RWF 2,000,000RWF 3,000,000RWF 4,000,000
Loan Cycle (1, 2, 3, etc)11111Not Known
Disbursement Date2012-09-122012-04-262012-08-232012-07-202012-08-132012-08-02
Loan Term (Months)12.0 months18.0 months12.0 months24.0 months24.0 months24.0 months
Grace Period (Months)0.0 months0.0 months0.1 months0.0 months0.0 months0.1 months
Total Cost of CreditRWF 36,764RWF 98,610RWF 170,304RWF 502,161RWF 747,415RWF 992,889
True Price by Comp           
Interest price component19.9%19.8%23.8%19.8%19.8%19.8%
Fee Component3.9%2.7%3.8%2.1%2.1%2.1%
Insurance Component1.9%1.4%2.0%0.5%0.4%0.3%
Tax Component1.1%0.7%1.1%0.5%0.4%0.4%
Deposit Component0.0%0.0%0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)26.8%24.6%30.7%22.9%22.7%22.6%
Transparency Index677359797980
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF
Small Loan Price Graphs


Click to view Price Analysis Tool
Micro Individual/Business Loan Price Graphs


Click to view Price Analysis Tool
Caps / Zoom options
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
Loading...
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

Total Borrowers of Samples

X Axis
Greater than:
Less or equal to:
From 0 to
to
to
to ∞