Number borrowers | 54,626 |
Loan Amount (range) | PKR 25,000 - 150,000 |
Loan Term (range) | 3 - 18 |
Other Services (text summary) | Credit Ins |
Annual Interest & Method | 25.0%-30.0% annual, Flat |
Fees | 500.00-3,000.00 upfront |
Insurance | 1.10% upfront |
Tax | 16.00% fees |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | 23.8% - 50.1% |
Fee Component | 1.3% - 14.5% |
Insurance Component | 0.8% - 2.9% |
Tax Component Range | 0.3% - 2.8% |
Full APR (int fee ins tax dep) | 44.7% - 59.1% |
Transparency Index (min/max) | 42 - 99 |
Transparency Index (average) | 45 |
5,627 |
USD 300 - 10,000 |
2 - 24 |
Credit Ins |
24.5%-26.9% annual, Decl Bal |
None |
6.00% ongoing |
None |
N/A |
N/A |
22.9% - 26.8% (Int+Fee) |
0.6% - 0.8% |
0 |
23.5% - 27.5% |
39 - 104 |
98 |
Outstanding portfolio (PKR) | PKR 2,399,344,864 |
Portfolio (USD) | USD 23,561,566.56 |
Active Clients with Loans | 54,626 |
Approximate % Female Clients | 0% - 20% |
Approximate % Urban Clients | 80% - 100% |
Individual | x |
Solidarity group | |
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 | |
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 | |
Other | |
Other (2) |
# Regions for this institution | 3 |
# Regions for this product | 3 |
Regions Active | Khyber Pakhtunkwa, Punjab, Sindh |
Outstanding portfolio (USD) | USD 20,387,951 |
Portfolio (USD) | USD 20,387,951 |
Active Clients with Loans | 5,627 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 60% - 80% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | x |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | |
Group meetings | |
Credit insurance | x |
Workplace visits | |
Business training | |
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 | PKR |
Minimum loan size | PKR 25,000 |
Maximum loan size | 150,000 |
Loans less than PKR 10,000 | 0 |
PKR 10,000-25,000 | 0 |
PKR 25,000-50,000 | 50% |
PKR 50,000-75,000 | 20% |
PKR 75,000-150,000 | 30% |
Greater than PKR 150,000 | 30% |
Shortest loan term | 3.0 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 | 90% |
Between 13 and 18 months | 10% |
Longer than 18 months | 0 |
Grace period usage | 100% |
Average grace period | 0.3 months |
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 | USD |
Minimum loan size | USD 300 |
Maximum loan size | 10,000 |
Shortest loan term | 2.0 months |
Longest loan term | 24.0 months |
Approx average | 23.0 months |
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 | 25.00% |
Highest quoted nominal interest | 30.00% |
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 | Processing Fee |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 500 |
Fixed amount - max | 3,000 |
Reason for variation | Depends on loan amount & if new or repeat client. Max amount for repeat clients is 1000 and for fresh clients it is 3000 |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Life Insurance |
% of loan amount - min | 1.10% |
% of loan amount - max | 1.10% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | 1.1% of the recovered amount |
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 | 16% |
All or some fees taxed | Some |
Lowest quoted nominal interest | 24.50% |
Highest quoted nominal interest | 26.90% |
Reason(s) why interest rate varies | Loan Size |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Ins 1 | |
---|---|
Description | Seguro de Desgravamen |
% of loan amount - min | 6.00% |
% of loan amount - max | 6.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Cobro de Seguro de Desgravamen sobre el monto pendiente de capital |
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 |
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 50,000 | Real | 2015-03-25 | 12.0 months | N/A | PKR 16,875 | 57.8% | 50.1% | 4.1% | 2.9% | 0.7% | 0.0% | 43 | ||
PKR 50,000 | Generated | 2015-06-01 | 11.3 months | N/A | PKR 15,934.99 | 54.6% | 47.4% | 4.0% | 2.2% | 1.0% | 0.0% | 46 | - | |
PKR 60,000 | Real | 2015-04-08 | 12.0 months | N/A | PKR 19,991.40 | 57.6% | 48.7% | 5.1% | 2.9% | 0.9% | 0.0% | 43 | ||
PKR 60,000 | Generated | 2015-06-01 | 11.3 months | N/A | PKR 18,904.50 | 54.4% | 46.0% | 5.0% | 2.2% | 1.2% | 0.0% | 46 | - | |
PKR 26,000 | Generated | 2015-06-01 | 11.3 months | N/A | PKR 8,842.99 | 59.1% | 47.4% | 7.8% | 2.3% | 1.6% | 0.0% | 42 | - | |
PKR 30,000 | Generated | 2015-06-01 | 11.3 months | N/A | PKR 10,024.99 | 57.9% | 47.4% | 6.7% | 2.3% | 1.5% | 0.0% | 43 | - | |
PKR 35,000 | Generated | 2015-06-01 | 11.3 months | N/A | PKR 11,502.49 | 56.7% | 47.4% | 5.7% | 2.3% | 1.3% | 0.0% | 44 | - | |
PKR 45,000 | Generated | 2015-06-01 | 11.3 months | N/A | PKR 14,457.49 | 55.2% | 47.4% | 4.4% | 2.3% | 1.1% | 0.0% | 45 | - | |
PKR 70,000 | Generated | 2015-06-01 | 11.3 months | N/A | PKR 21,765.25 | 53.6% | 46.0% | 4.3% | 2.2% | 1.1% | 0.0% | 47 | - | |
PKR 100,000 | Generated | 2015-06-01 | 17.4 months | N/A | PKR 40,046.96 | 44.7% | 41.3% | 1.4% | 1.5% | 0.5% | 0.0% | 56 | - |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | USD 1,000 | USD 2,000 | USD 4,000 | USD 5,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2010-06-04 | 2010-06-23 | 2010-06-16 | 2010-06-18 | |||
Loan Term (Months) | 10.0 months | 24.0 months | 24.0 months | 18.0 months | |||
Grace Period (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 | |||
True Price by Comp | |||||||
Interest and Fee Component | 26.8% | 22.9% | 22.9% | 24.4% | |||
Insurance Component | 0.6% | 0.6% | 0.6% | 0.6% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Full APR (int fee ins tax dep) | 27.5% | 23.5% | 23.5% | 25.0% | |||
Transparency Index | 89 | 100 | 100 | 98 | |||
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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