Number borrowers | 35,000 |
Loan Amount (range) | PKR 20,000 - 50,000 |
Loan Term (range) | 12 |
Other Services (text summary) | Group Mtgs, Credit Ins, Business Training |
Annual Interest & Method | 20.0% annual, Flat |
Fees | 3.00% upfront |
Insurance | None |
Tax | None |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | 19.1% - 34.6% |
Fee Component | 3.0% - 5.9% |
Insurance Component | 0 |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 40.4% - 40.5% |
Transparency Index (min/max) | 49 - 90 |
Transparency Index (average) | 49 |
870 |
MWK 40,000 - 100,000 |
24 |
12.00% annual, Decl Bal |
None |
None |
None |
10.00% upfront |
10.9% - 16.8% |
0 |
0 |
0 |
10.9% |
109 - 143 |
100 |
Outstanding portfolio (PKR) | PKR 571,893,408 |
Portfolio (USD) | USD 5,615,993.27 |
Active Clients with Loans | 35,000 |
Approximate % Female Clients | 100% |
Approximate % Urban Clients | 40% - 60% |
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 | x |
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 | |
Other | |
Other (2) |
# Regions for this institution | 1 |
# Regions for this product | 1 |
Regions Active | Punjab |
Outstanding portfolio (MWK) | MWK 51,803,154 |
Portfolio (USD) | USD 132,828.60 |
Active Clients with Loans | 870 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 80% - 100% |
Individual | |
Solidarity group | |
Village banking | x |
Self help group | |
Other |
Any purpose | |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | Sanitation |
Other (2) |
Credit education | |
Group meetings | |
Credit insurance | |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services | x |
Men | x |
Women | x |
Must run a business | |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Other | Residents from the peri urban areas |
Other (2) |
# Regions for this institution | 17 |
# Regions for this product | 14 |
Regions Active | Dowa, Kasungu, Lilongwe, SalimaKaronga, Mzimba, Nkhata Bay, Rumphi, Blantyre, Chikwawa, Chiradzulu, Machinga, Mulanje, Zomba |
Currency | PKR |
Minimum loan size | PKR 20,000 |
Maximum loan size | 50,000 |
Loans less than PKR 10,000 | 0 |
PKR 10,000-25,000 | 20% |
PKR 25,000-50,000 | 80% |
PKR 50,000-75,000 | 0 |
PKR 75,000-150,000 | 0 |
Greater than PKR 150,000 | 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 | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Currency | MWK |
Minimum loan size | MWK 40,000 |
Maximum loan size | 100,000 |
Loans less than MWK 50,000 | 40% |
MWK 50,000-150,000 | 60% |
MWK 150,000-250,000 | 0 |
MWK 250,000-350,000 | 0 |
MWK 350,000-450,000 | 0 |
Greater than MWK 450,000 | 0 |
Shortest loan term | 24.0 months |
Longest loan term | 24.0 months |
Approx average | 24.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 0 |
Between 13 and 18 months | 0 |
Longer than 18 months | 100% |
Grace period usage | 0 |
Average grace period | 0 |
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 |
Lowest quoted nominal interest | 20.00% |
Highest quoted nominal interest | 20.00% |
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 | processing fee and clients death insurance fee |
% of loan amount - min | 3.00% |
% of loan amount - max | 3.00% |
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 | 1.00% |
Highest quoted nominal interest | 1.00% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | No |
Do borrowers control deposit in their group? | No |
% loan amount deposited | 10.00% |
or, Fixed-amount deposited | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
Conditions on access to deposit | Access During |
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 40,000 | Real | 2015-04-20 | 12.0 months | N/A | PKR 9,200 | 40.4% | 34.5% | 5.9% | 0.0% | 0.0% | 0.0% | 49 | ||
PKR 40,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 9,221.92 | 40.5% | 34.6% | 5.9% | 0.0% | 0.0% | 0.0% | 49 | - | |
PKR 45,000 | Real | 2015-04-20 | 12.0 months | N/A | PKR 10,350 | 40.4% | 34.5% | 5.9% | 0.0% | 0.0% | 0.0% | 49 | ||
PKR 45,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 10,374.66 | 40.5% | 34.6% | 5.9% | 0.0% | 0.0% | 0.0% | 49 | - | |
PKR 20,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 4,610.96 | 40.5% | 34.6% | 5.9% | 0.0% | 0.0% | 0.0% | 49 | - | |
PKR 25,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 5,763.70 | 40.5% | 34.6% | 5.9% | 0.0% | 0.0% | 0.0% | 49 | - | |
PKR 30,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 6,916.44 | 40.5% | 34.6% | 5.9% | 0.0% | 0.0% | 0.0% | 49 | - | |
PKR 35,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 8,069.18 | 40.5% | 34.6% | 5.9% | 0.0% | 0.0% | 0.0% | 49 | - | |
PKR 40,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 9,221.92 | 40.5% | 34.6% | 5.9% | 0.0% | 0.0% | 0.0% | 49 | - | |
PKR 50,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 11,527.40 | 40.5% | 34.6% | 5.9% | 0.0% | 0.0% | 0.0% | 49 | - |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | MWK 66,327.30 | MWK 80,000 | MWK 94,772.50 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2012-04-01 | 2012-06-01 | 2012-03-01 | ||
Loan Term (Months) | 24.0 months | 24.0 months | 24.0 months | ||
Grace Period (Months) | -1.0 months | -1.0 months | -1.0 months | ||
Total Cost of Credit | MWK 7,078.44 | MWK 8,537.58 | MWK 10,114.10 | ||
True Price by Comp | |||||
Interest price component | 10.9% | 10.9% | 10.9% | ||
Fee Component | 0.0% | 0.0% | 0.0% | ||
Insurance Component | 0.0% | 0.0% | 0.0% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 10.9% | 10.9% | 10.9% | ||
Transparency Index | 100 | 100 | 100 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Key Statistics | |
---|---|
# 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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By Country | ||||||
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