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 345,798 |
Portfolio (USD) | USD 345,798 |
Active Clients with Loans | 1,174 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 0% - 20% |
Individual | |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | Capital de Trabajo |
Other (2) |
Credit education | |
Group meetings | x |
Credit insurance | x |
Workplace visits | x |
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 | N/A |
# Regions for this product | N/A |
Regions Active |
Currency | USD |
Minimum loan size | USD 300 |
Maximum loan size | 2,000 |
Shortest loan term | 3.0 months |
Longest loan term | 18.0 months |
Approx average | 6.5 months |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | x |
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 | 23.85% |
Highest quoted nominal interest | 23.85% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Seguro de Desgravamen |
% of loan amount - min | 3.00% |
% of loan amount - max | 3.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | |
Appears on Repayment Sched? | No |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | |
Do borrowers control deposit in their group? | Yes |
% loan amount deposited | 7.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 7.00% |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | Final Pmt |
Minimum interest rate paid | 2.50% |
Maximum interest rate paid | 2.50% |
Interest payment frequency | End Term |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | ||
---|---|---|---|
Loan Amount | USD 412 | USD 927 | |
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | |
Disbursement Date | 2010-05-18 | 2010-05-19 | |
Loan Term (Months) | 6.0 months | 8.0 months | |
Grace Period (Months) | 0.0 months | 0.0 months | |
Total Cost of Credit | Not Known | Not Known | |
True Price by Comp | |||
Interest and Fee Component | 22.4% | 23.6% | |
Insurance Component | 11.0% | 8.7% | |
Tax Component | 0.0% | 0.0% | |
Deposit Component | 6.2% | 6.2% | |
Full APR (int fee ins tax dep) | 39.6% | 38.4% | |
Transparency Index | 60 | 62 | |
Original Repayment Schedule | |||
MFT Pricing Calculation |
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% Products with one or more insurances | |
% Products with compulsory deposits |
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