Outstanding portfolio (PKR) | PKR 68,658,128 |
Portfolio (USD) | USD 674,222.82 |
Active Clients with Loans | 2,273 |
Approximate % Female Clients | 0% - 20% |
Approximate % Urban Clients | 40% - 60% |
Individual | |
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 | x |
Group meetings | x |
Credit insurance | x |
Workplace visits | x |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services |
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 | 2 |
# Regions for this product | 2 |
Regions Active | Punjab, Sindh |
Currency | PKR |
Minimum loan size | PKR 50,000 |
Maximum loan size | 99,000 |
Loans less than PKR 10,000 | 0 |
PKR 10,000-25,000 | 0 |
PKR 25,000-50,000 | 70% |
PKR 50,000-75,000 | 20% |
PKR 75,000-150,000 | 10% |
Greater than PKR 150,000 | 10% |
Shortest loan term | 11.0 months |
Longest loan term | 11.0 months |
Approx average | 11.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 100% |
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 | x |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 43.74% |
Highest quoted nominal interest | 43.74% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | 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 |
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 | Generated | 2015-05-01 | 10.1 months | N/A | PKR 5,309.33 | 43.0% | 43.0% | 0.0% | 0.0% | 0.0% | 0.0% | 100 | - | |
PKR 30,000 | Generated | 2015-05-01 | 10.1 months | N/A | PKR 6,371.20 | 43.0% | 43.0% | 0.0% | 0.0% | 0.0% | 0.0% | 100 | - | |
PKR 35,000 | Generated | 2015-05-01 | 10.1 months | N/A | PKR 7,433.07 | 43.0% | 43.0% | 0.0% | 0.0% | 0.0% | 0.0% | 100 | - | |
PKR 40,000 | Generated | 2015-05-01 | 10.1 months | N/A | PKR 8,494.93 | 43.0% | 43.0% | 0.0% | 0.0% | 0.0% | 0.0% | 100 | - | |
PKR 45,000 | Generated | 2015-05-01 | 10.1 months | N/A | PKR 9,556.80 | 43.0% | 43.0% | 0.0% | 0.0% | 0.0% | 0.0% | 100 | - | |
PKR 60,000 | Generated | 2015-05-01 | 10.1 months | N/A | PKR 12,742.40 | 43.0% | 43.0% | 0.0% | 0.0% | 0.0% | 0.0% | 100 | - | |
PKR 70,000 | Generated | 2015-05-01 | 10.1 months | N/A | PKR 14,866.13 | 43.0% | 43.0% | 0.0% | 0.0% | 0.0% | 0.0% | 100 | - | |
PKR 90,000 | Generated | 2015-05-01 | 10.1 months | N/A | PKR 19,113.60 | 43.0% | 43.0% | 0.0% | 0.0% | 0.0% | 0.0% | 100 | - |
Institution Type | Non-Governmental Organization |
Is this institution regulated? | No |
Website address | http://www.fodemi.org/ |
Year established | 1995 |
Head of Institution | Luis Ríos |
Regions active | |
# Branches | 11 |
Total Portfolio (nat'l) | USD 12,924,109.87 |
Total Portfolio (USD) | USD 12,924,109.87 |
Active clients with loans | 28,232 |
Approximate % female clients | 60% - 80% |
Approximate % urban clients | 20% - 40% |
Network affiliations | |
Funders |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Crédito Banca Comunal | USD 50 - 4,000 | 7 - 24 | 60% - 80% | 0% - 20% | Business | Women, Men, Have business, mín 7 personas y máx 25 personas de un mismo sector. | Credit Educ, Group Mtgs, Credit Ins, Estos servicios no son cancelados por los clientes, los costos son asumidos por la Fundación. | |||||||
Crédito Grupo Solidario | USD 50 - 5,000 | 6 - 30 | 60% - 80% | 40% - 60% | Business | Women, Men, Have business, Experiencia en el negocio, mínimo de 6 meses., mín de 3 y máximo 6 personas. Que vivan cerca. | Credit Educ, Group Mtgs, Credit Ins, Estos servicios no son pagados por el cliente, los costos son asumidos ÂŽpor la Fundación. | |||||||
Crédito Individual | USD 400 - 6,000 | 6 - 30 | 40% - 60% | 80% - 100% | Business | Women, Men, Have business, Experiencia en el negocio, mínimo 6 meses. | Credit Educ, Credit Ins, Estos servicios no son pagados por el cliente, asume el costo la Fundación. |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Crédito Banca Comunal | 20.6%-22.6% annual, Decl Bal | 0 Fees | 0 Ins | None | 10.0% upfront | 22.3% | 26.3% - 26.4% | 78 | ||||||||
Crédito Grupo Solidario | 20.5%-22.5% annual, Decl Bal | 0 Fees | 0 Ins | None | 10.0% upfront | 20.5% - 22.5% | 24.2% - 26.7% | 79 | ||||||||
Crédito Individual | 20.5%-22.5% annual, Decl Bal | 0 Fees | 0 Ins | None | 10.0% upfront | 20.4% - 22.4% | 24.1% - 26.5% | 79 |
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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