Number borrowers | 12,289 |
Loan Amount (range) | PKR 15,000 - 75,000 |
Loan Term (range) | 12 - 18 |
Other Services (text summary) | Group Mtgs, Credit Ins |
Annual Interest & Method | 16.0%-20.0% annual, Flat |
Fees | 5.00% upfront |
Insurance | None |
Tax | None |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | 34.4% - 34.6% |
Fee Component | 10.0% |
Insurance Component | 0 |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 44.4% - 44.6% |
Transparency Index (min/max) | 36 - 41 |
Transparency Index (average) | 36 |
8,905 |
INR 15,000 - 15,000 |
12 |
Group Mtgs, Credit Ins |
27.0% annual, Decl Bal |
1.00% upfront |
186.00 upfront |
12.36% fees |
N/A |
27.0% - 27.1% |
2.2% |
2.7% - 2.8% |
0.3% |
32.2% - 32.4% |
83 - 84 |
83 |
Outstanding portfolio (PKR) | PKR 190,257,564 |
Portfolio (USD) | USD 1,868,329.28 |
Active Clients with Loans | 12,289 |
Approximate % Female Clients | 80% - 100% |
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 | |
Other (2) |
Credit education | |
Group meetings | x |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services | x |
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 | x |
Other | |
Other (2) |
# Regions for this institution | 1 |
# Regions for this product | 1 |
Regions Active | Punjab |
Outstanding portfolio (INR) | INR 83,232,677 |
Portfolio (USD) | USD 1,570,427.87 |
Active Clients with Loans | 8,905 |
Approximate % Female Clients | 100% |
Approximate % Urban Clients | 0 |
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 | |
Other (2) |
Credit education | |
Group meetings | x |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services |
Men | |
Women | x |
Must run a business | |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Household income <60,000 INR | x |
Household income <120,000 INR | x |
Must live in rural area | |
Must lives in urban area | |
Other | |
Other (2) |
# Regions for this institution | 1 |
# Regions for this product | 1 |
Regions Active | Gujarat |
Currency | PKR |
Minimum loan size | PKR 15,000 |
Maximum loan size | 75,000 |
Loans less than PKR 10,000 | 0 |
PKR 10,000-25,000 | 60% |
PKR 25,000-50,000 | 30% |
PKR 50,000-75,000 | 10% |
PKR 75,000-150,000 | 0 |
Greater than PKR 150,000 | 0 |
Shortest loan term | 12.0 months |
Longest loan term | 18.0 months |
Approx average | 12.0 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 | DK |
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 | INR |
Minimum loan size | INR 15,000 |
Maximum loan size | 15,000 |
Loans less than INR 5,000 | 0 |
INR 5,000-15,000 | 100% |
INR 15,000-25,000 | 0 |
INR 25,000-35,000 | 0 |
INR 35,000-45,000 | 0 |
Greater than INR 45,000 | 0 |
Shortest loan term | 12.0 months |
Longest loan term | 12.0 months |
Approx average | 12.0 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 | x |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 16.00% |
Highest quoted nominal interest | 20.00% |
Reason(s) why interest rate varies | Time as Client, Loan Size |
Interest rate period | Yearly |
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 | 5.00% |
% of loan amount - max | 5.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | 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 |
Lowest quoted nominal interest | 27.00% |
Highest quoted nominal interest | 27.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Processing 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? | Yes |
Ins 1 | |
---|---|
Description | Insurance |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 186 |
Fixed amount - max | 186 |
Reason for variation | N/A |
Appears on Repayment Sched? | 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? | Yes |
Percentage of fees | 12.4% |
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 30,000 | Real | 2015-03-10 | 12.0 months | N/A | PKR 7,500 | 44.4% | 34.4% | 10.0% | 0.0% | 0.0% | 0.0% | 36 | ||
PKR 30,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 7,516.44 | 44.6% | 34.6% | 10.0% | 0.0% | 0.0% | 0.0% | 36 | - | |
PKR 20,000 | Real | 2015-04-05 | 12.0 months | N/A | PKR 5,000 | 44.5% | 34.5% | 10.0% | 0.0% | 0.0% | 0.0% | 36 | ||
PKR 20,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 5,010.96 | 44.6% | 34.6% | 10.0% | 0.0% | 0.0% | 0.0% | 36 | - | |
PKR 15,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 3,758.22 | 44.6% | 34.6% | 10.0% | 0.0% | 0.0% | 0.0% | 36 | - | |
PKR 18,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 4,509.86 | 44.6% | 34.6% | 10.0% | 0.0% | 0.0% | 0.0% | 36 | - | |
PKR 23,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 5,762.60 | 44.6% | 34.6% | 10.0% | 0.0% | 0.0% | 0.0% | 36 | - | |
PKR 30,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 7,516.44 | 44.6% | 34.6% | 10.0% | 0.0% | 0.0% | 0.0% | 36 | - | |
PKR 40,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 10,021.92 | 44.6% | 34.6% | 10.0% | 0.0% | 0.0% | 0.0% | 36 | - | |
PKR 60,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 15,032.88 | 44.6% | 34.6% | 10.0% | 0.0% | 0.0% | 0.0% | 36 | - |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | INR 15,000 | INR 15,000 | INR 15,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-03-29 | 2013-03-26 | 2013-03-27 | ||
Loan Term (Months) | 11.0 months | 11.0 months | 11.0 months | ||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
Total Cost of Credit | INR 2,385 | INR 2,385 | INR 2,395 | ||
True Price by Comp | |||||
Interest price component | 27.0% | 27.0% | 27.1% | ||
Fee Component | 2.2% | 2.2% | 2.2% | ||
Insurance Component | 2.7% | 2.7% | 2.8% | ||
Tax Component | 0.3% | 0.3% | 0.3% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 32.2% | 32.2% | 32.4% | ||
MFIN MFI Earning (Annualised) | 29.2% | 29.2% | 29.3% | ||
MFIN Cost to Borrower (Annualised) | 32.2% | 32.2% | 32.4% | ||
Transparency Index | 84 | 84 | 83 | ||
MFIN Transparency Index | 100 | 100 | 100 | ||
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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