Number borrowers | 1,204 |
Loan Amount (range) | PKR 150,000 - 500,000 |
Loan Term (range) | 6 - 12 |
Other Services (text summary) | Credit Educ, Tech Asst Visits, Business Training, Other Training |
Annual Interest & Method | 22.0% annual, Flat |
Fees | 1.00% upfront |
Insurance | None |
Tax | None |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | 28.9% - 38.0% |
Fee Component | 0.1% - 1.8% |
Insurance Component | 0 |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 43.8% |
Transparency Index (min/max) | 48 - 58 |
Transparency Index (average) | 50 |
489 |
RWF 250,000 - 6,000,000 |
4 - 24 |
Credit Educ, Group Mtgs, Credit Ins, Business Training |
24.0% annual, Flat |
1.50% upfront |
0.80% upfront |
18.00% fees |
15.0% upfront 15.00% ongoing |
19.8% - 51.7% |
2.0% - 5.7% |
0.3% - 4.5% |
0.4% - 1.9% |
69.5% - 74.5% |
32 - 80 |
33 |
Outstanding portfolio (PKR) | PKR 115,226,183 |
Portfolio (USD) | USD 1,131,521.12 |
Active Clients with Loans | 1,204 |
Approximate % Female Clients | 0% - 20% |
Approximate % Urban Clients | 80% - 100% |
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 | |
Other (2) |
Credit education | x |
Group meetings | |
Credit insurance | |
Workplace visits | x |
Business training | x |
Other training | x |
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 | 3 |
# Regions for this product | 2 |
Regions Active | Punjab, Sindh |
Outstanding portfolio (RWF) | RWF 484,070,000 |
Portfolio (USD) | USD 756,359.38 |
Active Clients with Loans | 489 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 80% - 100% |
Individual | |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | x |
Agriculture | |
Education | |
Other household finance | x |
Other | |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | x |
Workplace visits | |
Business training | x |
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 | 22 |
# Regions for this product | N/A |
Regions Active |
Currency | PKR |
Minimum loan size | PKR 150,000 |
Maximum loan size | 500,000 |
Shortest loan term | 6.0 months |
Longest loan term | 12.0 months |
Approx average | 9.0 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 | 100% |
Average grace period | 1.0 month |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Currency | RWF |
Minimum loan size | RWF 250,000 |
Maximum loan size | 6,000,000 |
Loans less than RWF 500,000 | 10% |
RWF 500,000-1,500,000 | 10% |
RWF 1,500,000-2,500,000 | 10% |
RWF 2,500,000-3,500,000 | 10% |
RWF 3,500,000-4,500,000 | 10% |
Greater than RWF 4,500,000 | 10% |
Shortest loan term | 4.0 months |
Longest loan term | 24.0 months |
Approx average | DK |
Loans 3 months or less | 0 |
Between 4 and 6 months | 30% |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 50% |
Between 13 and 18 months | 20% |
Longer than 18 months | 0 |
Grace period usage | 100% |
Average grace period | 0.2 months |
Daily | |
Weekly | |
Every 2 weeks | x |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 22.00% |
Highest quoted nominal interest | 22.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | Yes |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Evaluation fee |
% of loan amount - min | 1.00% |
% of loan amount - max | 1.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
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 |
Lowest quoted nominal interest | 2.00% |
Highest quoted nominal interest | 2.00% |
Interest rate period | Monthly |
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 | 1.50% |
% of loan amount - max | 1.50% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Excluding VAT |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Credit Life Insurance Premium |
% of loan amount - min | 0.80% |
% of loan amount - max | 0.80% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Excluding VAT |
Appears on Repayment Sched? | Yes |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | Yes |
Do borrowers control deposit in their group? | Yes |
% loan amount deposited | 15.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 15.00% |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | End Term |
Minimum interest rate paid | 5.00% |
Maximum interest rate paid | 5.00% |
Interest payment frequency | Monthly |
Are taxes charged on this product? | Yes |
Percentage of fees | 18% |
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 150,000 | Generated | 2015-06-01 | 11.9 months | N/A | PKR 34,319.18 | 43.8% | 34.8% | 1.8% | 0.0% | 0.0% | 7.2% | 50 | - | |
PKR 175,000 | Generated | 2015-06-01 | 11.9 months | N/A | PKR 40,039.04 | 43.8% | 34.8% | 1.8% | 0.0% | 0.0% | 7.2% | 50 | - | |
PKR 200,000 | Generated | 2015-06-01 | 11.9 months | N/A | PKR 45,758.90 | 43.8% | 34.8% | 1.8% | 0.0% | 0.0% | 7.2% | 50 | - | |
PKR 250,000 | Generated | 2015-06-01 | 11.9 months | N/A | PKR 57,198.63 | 43.8% | 34.8% | 1.8% | 0.0% | 0.0% | 7.2% | 50 | - | |
PKR 275,000 | Generated | 2015-06-01 | 11.9 months | N/A | PKR 62,918.49 | 43.8% | 34.8% | 1.8% | 0.0% | 0.0% | 7.2% | 50 | - | |
PKR 300,000 | Generated | 2015-06-01 | 11.9 months | N/A | PKR 68,638.36 | 43.8% | 34.8% | 1.8% | 0.0% | 0.0% | 7.2% | 50 | - | |
PKR 350,000 | Generated | 2015-06-01 | 11.9 months | N/A | PKR 80,078.08 | 43.8% | 34.8% | 1.8% | 0.0% | 0.0% | 7.2% | 50 | - | |
PKR 450,000 | Generated | 2015-06-01 | 11.9 months | N/A | PKR 102,957.53 | 43.8% | 34.8% | 1.8% | 0.0% | 0.0% | 7.2% | 50 | - |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | RWF 250,000 | RWF 500,000 | RWF 950,000 | RWF 1,900,000 | RWF 3,000,000 | ||||
Loan Cycle (1, 2, 3, etc) | 1 | 2 | 4 | 5 | 5 | ||||
Disbursement Date | 2012-09-19 | 2012-09-19 | 2012-08-30 | 2012-09-06 | 2012-07-18 | ||||
Loan Term (Months) | 6.0 months | 6.0 months | 12.0 months | 12.0 months | 6.0 months | ||||
Grace Period (Months) | 0.9 months | 0.9 months | 1.0 month | 1.0 month | 0.9 months | ||||
Total Cost of Credit | RWF 36,660 | RWF 73,308 | RWF 253,567 | RWF 507,171 | RWF 439,534 | ||||
True Price by Comp | |||||||||
Interest price component | 39.7% | 39.7% | 40.9% | 41.1% | 39.7% | ||||
Fee Component | 5.4% | 5.4% | 3.0% | 3.0% | 5.4% | ||||
Insurance Component | 3.0% | 3.0% | 1.6% | 1.6% | 2.9% | ||||
Tax Component | 1.5% | 1.5% | 0.9% | 0.8% | 1.5% | ||||
Deposit Component | 24.9% | 24.9% | 23.1% | 23.4% | 24.9% | ||||
Full APR (int fee ins tax dep) | 74.5% | 74.5% | 69.5% | 69.9% | 74.4% | ||||
Transparency Index | 32 | 32 | 35 | 34 | 32 | ||||
Original Repayment Schedule | |||||||||
MFT Pricing Calculation |
Key Statistics | |
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# 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 |
Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
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