Institution Type | Non-Governmental Organization |
Is this institution regulated? | No |
Website address | http://www.jws.org.pk |
Year established | 1992 |
Head of Institution | Qazi Shoaib Babar |
Regions active | Punjab |
# Branches | 24 |
Total Portfolio (nat'l) | PKR 666,503,408 |
Total Portfolio (USD) | USD 6,545,063.47 |
Active clients with loans | 36,000 |
Approximate % female clients | 80% - 100% |
Approximate % urban clients | 40% - 60% |
Network affiliations | Pakistan Microfinance Network, Micro Credit Summit Compaign, Banking With the Poor, Punjab Microfinance Network |
Funders | Pakistan Poverty Alleviation Fund, Kiva |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Micro Credit (MC) | PKR 20,000 - 50,000 | 12 | 100% | 40% - 60% | Business | Women | Group Mtgs, Credit Ins, Business Training | |||||||
Agri Value Chain | PKR 50,000 - 100,000 | 6 - 7 | 0% | 0% | Agriculture | Men | Group Mtgs, Credit Ins, Business Training |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Micro Credit (MC) | 20.0% annual, Flat | 1 Fee | 0 Ins | None | N/A | 40.4% - 40.5% | 40.4% - 40.5% | 49 | ||||||||
Agri Value Chain | 20.0% annual, Flat | 1 Fee | 0 Ins | None | N/A | 22.1% | 22.1% | 90 |
Outstanding portfolio (MWK) | MWK 731,660,000 |
Portfolio (USD) | USD 1,876,051.28 |
Active Clients with Loans | 20,635 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 0% - 20% |
Individual | |
Solidarity group | x |
Village banking | x |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | x |
Workplace visits | x |
Business training | x |
Other training | x |
Other | Team work, etc. |
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 | 26 |
Regions Active | Dedza, Dowa, Kasungu, Lilongwe, Mchinji, Nkhotakota, Ntcheu, Ntchisi, SalimaKaronga, Mzimba, Nkhata Bay, Rumphi, Balaka, Blantyre, Chikwawa, Chiradzulu, MachingaMangochi, Mulanje, Mwanza, Nsanje, Thyolo, Phalombe, Zomba, Neno |
Currency | MWK |
Minimum loan size | MWK 5,000 |
Maximum loan size | 400,000 |
Loans less than MWK 50,000 | 50% |
MWK 50,000-150,000 | 30% |
MWK 150,000-250,000 | 10% |
MWK 250,000-350,000 | 5% |
MWK 350,000-450,000 | 5% |
Greater than MWK 450,000 | 5% |
Shortest loan term | 4.0 months |
Longest loan term | 6.0 months |
Approx average | 4.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 100% |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 0 |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 30% |
Average grace period | 2.0 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 | 7.00% |
Highest quoted nominal interest | 7.50% |
Reason(s) why interest rate varies | Based on # of group members. <20 =7.5%pm, >20= 7%pm |
Interest rate period | Monthly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Ins 1 | |
---|---|
Description | Insurance Premium |
% of loan amount - min | 0.50% |
% of loan amount - max | 0.50% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
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 | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | End Term |
Minimum interest rate paid | 0 |
Maximum interest rate paid | 0 |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | MWK 10,000 | MWK 30,000 | MWK 45,000 | MWK 100,000 | MWK 200,000 | MWK 300,000 | |||||
Loan Cycle (1, 2, 3, etc) | 1 | 1 | 6 | 7 | 9 | 9 | |||||
Disbursement Date | 2012-10-23 | 2012-10-24 | 2012-11-28 | 2012-10-19 | 2012-11-29 | 2012-11-30 | |||||
Loan Term (Months) | 3.7 months | 4.0 months | 4.1 months | 3.9 months | 3.9 months | 4.1 months | |||||
Grace Period (Months) | 0.0 months | 0.2 months | 0.1 months | 0.2 months | 0.1 months | 0.1 months | |||||
Total Cost of Credit | MWK 1,809.84 | MWK 5,429.60 | MWK 8,967.16 | MWK 18,098.72 | MWK 36,197.44 | MWK 59,781 | |||||
True Price by Comp | |||||||||||
Interest price component | 96.1% | 86.1% | 83.5% | 87.4% | 90.1% | 83.5% | |||||
Fee Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Insurance Component | 3.0% | 2.7% | 2.4% | 2.8% | 2.9% | 2.4% | |||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Deposit Component | 19.0% | 16.1% | 14.0% | 16.4% | 17.1% | 14.0% | |||||
Full APR (int fee ins tax dep) | 118.1% | 104.9% | 99.9% | 106.6% | 110.1% | 99.9% | |||||
Transparency Index | 71 | 80 | 84 | 79 | 76 | 84 | |||||
Original Repayment Schedule | |||||||||||
MFT Pricing Calculation |
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% Products with compulsory deposits |
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