Institution Type | Non-Governmental Organization |
Is this institution regulated? | Yes |
Website address | http://www.brac.net |
Year established | 2007 |
Head of Institution | Muzaffar Ud Din |
Regions active | Balochistan, Punjab, Sindh |
# Branches | 68 |
Total Portfolio (nat'l) | PKR 1,208,660,663 |
Total Portfolio (USD) | USD 11,869,047.71 |
Active clients with loans | 57,376 |
Approximate % female clients | 80% - 100% |
Approximate % urban clients | 40% - 60% |
Network affiliations | Pakistan Microfinance Network, Micro Watch, Mix Market |
Funders | Pakistan Poverty Allivation Fund (PPAF), KIVA |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Micro Finance | PKR 20,000 - 150,000 | 6 - 12 | 100% | 40% - 60% | Business, Agriculture | Women | Credit Educ, Group Mtgs, Tech Asst Visits, Business Training, Other Training | |||||||
Small Enterpirise Programme (SEP) | PKR 150,000 - 500,000 | 6 - 12 | 0% - 20% | 80% - 100% | Business, Agriculture | Women, Men, Have business | Credit Educ, Tech Asst Visits, Business Training, Other Training | |||||||
Agriculture | PKR 20,000 - 150,000 | 6 - 12 | 0% | 0% - 20% | Agriculture | Men | Credit Educ, Group Mtgs, Tech Asst Visits, Business Training, Other Training |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Micro Finance | 22.0% annual, Flat | 1 Fee | 0 Ins | None | 10.0% upfront | 34.1% - 38.4% | 40.1% - 45.9% | 51 | ||||||||
Small Enterpirise Programme (SEP) | 22.0% annual, Flat | 1 Fee | 0 Ins | None | N/A | 36.6% | 43.8% | 50 | ||||||||
Agriculture | 20.0% annual, Flat | 1 Fee | 0 Ins | None | N/A | 29.4% - 32.3% | 34.2% - 38.1% | 53 |
Outstanding portfolio (USD) | USD 14,563,465.66 |
Portfolio (USD) | USD 14,563,465.66 |
Active Clients with Loans | 6,567 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 80% - 100% |
Individual | |
Solidarity group | |
Village banking | x |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | x |
Agriculture | |
Education | x |
Other household finance | x |
Other | |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | x |
Workplace visits | |
Business training | x |
Other training | x |
Other | |
Other (2) | |
No other services |
Men | |
Women | x |
Must run a business | x |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Other | Men can access up to 10% of portfolio |
Other (2) | New clients need not own business if they have business plan |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Currency | USD |
Minimum loan size | USD 567 |
Maximum loan size | 2,030 |
Shortest loan term | 4.0 months |
Longest loan term | 6.0 months |
Approx average | 6.0 months |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | x |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 18.00% |
Highest quoted nominal interest | 18.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | N/A |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Comisio por desembolso |
% of loan amount - min | 1.50% |
% of loan amount - max | 1.50% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | |
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 | 20.00% - N/A |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 20.00% - N/A |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | When Leaving |
Minimum interest rate paid | 0.50% |
Maximum interest rate paid | 1.00% |
Interest payment frequency | Annually |
Are taxes charged on this product? | Yes |
Percentage of fees | 0 |
All or some fees taxed | N/A |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | USD 913.71 | USD 913.71 | USD 1,015.23 | USD 1,928.93 | USD 2,030.46 | ||||
Loan Cycle (1, 2, 3, etc) | 6 | 6 | 8 | 17 | 17 | ||||
Disbursement Date | 2010-06-29 | 2010-06-29 | 2010-06-29 | 2010-03-10 | 2010-04-08 | ||||
Loan Term (Months) | 5.6 months | 5.6 months | 5.6 months | 5.6 months | 5.1 months | ||||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | ||||
Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
True Price by Comp | |||||||||
Interest and Fee Component | 35.8% | 35.8% | 35.8% | 36.2% | 43.0% | ||||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Tax Component | 0.5% | 0.5% | 0.5% | 0.5% | 0.7% | ||||
Deposit Component | 29.4% | 54.3% | 29.4% | 30.0% | 42.6% | ||||
Full APR (int fee ins tax dep) | 65.8% | 90.6% | 65.8% | 66.8% | 86.3% | ||||
Transparency Index | 27 | 20 | 27 | 27 | 21 | ||||
Original Repayment Schedule | |||||||||
MFT Pricing Calculation |
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% Products with compulsory deposits |
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