2. FINCA
Please note that the information you are viewing is 113 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. CCODE
Please note that the information you are viewing is 143 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

FINCA Microfinance Bank Ltd 387-E, Johar TownLahore, Punjab
Data approved: 2015-04-17
Data version: 2
Age of data: 113 months
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Institution

The Centre for Community Organisation and Development Head OfficeLilongwePO Box 2109
Data approved: 2012-12-04
Data version: 2
Age of data: 143 months
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Product

Kamyab Karobari Karza Product 5 of 13 « Prev | Next »

Product

Sanitation Loan Product 4 of 5 « Prev | Next »

Product Summary

Number borrowers54,626
Loan Amount (range)PKR 25,000 - 150,000
Loan Term (range)3 - 18
Other Services (text summary)Credit Ins
Annual Interest & Method25.0%-30.0% annual, Flat
Fees500.00-3,000.00 upfront
Insurance1.10% upfront
Tax16.00% fees
Comp DepN/A
Range of pricing 
Interest Price Component23.8% - 50.1%
Fee Component1.3% - 14.5%
Insurance Component0.8% - 2.9%
Tax Component Range0.3% - 2.8%
Full APR (int fee ins tax dep)44.7% - 59.1%
Transparency Index (min/max)42 - 99
Transparency Index (average)45

Product Summary

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

Product Details

Key Statistics
Outstanding portfolio (PKR)PKR 2,399,344,864
Portfolio (USD)USD 23,561,566.56
Active Clients with Loans54,626
Approximate % Female Clients0% - 20%
Approximate % Urban Clients80% - 100%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Term Loan with repayment model of monthly equal installment
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other servicesx
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution3
# Regions for this product3
Regions ActiveKhyber Pakhtunkwa, Punjab, Sindh

Product Details

Key Statistics
Outstanding portfolio (MWK)MWK 51,803,154
Portfolio (USD)USD 132,828.60
Active Clients with Loans870
Approximate % Female Clients80% - 100%
Approximate % Urban Clients80% - 100%
Methodology
Individual
Solidarity group
Village bankingx
Self help group
Other
Description
Materials are bought for these products and the clients pay back.
Loan Purpose
Any purpose
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
OtherSanitation
Other (2)
Included Services
Credit education
Group meetings
Credit insurance
Workplace visits
Business training
Other training
Other
Other (2)
No other servicesx
Eligibility
Menx
Womenx
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age group
OtherResidents from the peri urban areas
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution17
# Regions for this product14
Regions ActiveDowa, Kasungu, Lilongwe, SalimaKaronga, Mzimba, Nkhata Bay, Rumphi, Blantyre, Chikwawa, Chiradzulu, Machinga, Mulanje, Zomba

Loan Conditions

Loan Amount
CurrencyPKR
Minimum loan sizePKR 25,000
Maximum loan size150,000
Distribution at Disbursement (Est.)
Loans less than PKR 10,0000
PKR 10,000-25,0000
PKR 25,000-50,00050%
PKR 50,000-75,00020%
PKR 75,000-150,00030%
Greater than PKR 150,00030%
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term18.0 months
Approx average12.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months90%
Between 13 and 18 months10%
Longer than 18 months0
Grace Period
Grace period usage100%
Average grace period0.3 months
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyMWK
Minimum loan sizeMWK 40,000
Maximum loan size100,000
Distribution at Disbursement (Est.)
Loans less than MWK 50,00040%
MWK 50,000-150,00060%
MWK 150,000-250,0000
MWK 250,000-350,0000
MWK 350,000-450,0000
Greater than MWK 450,0000
Loan Term and Grace Period
Shortest loan term24.0 months
Longest loan term24.0 months
Approx average24.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months100%
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest25.00%
Highest quoted nominal interest30.00%
Reason(s) why interest rate variesTime as Client, Loan Size
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min500
Fixed amount - max3,000
Reason for variationDepends 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
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionLife Insurance
% of loan amount - min1.10%
% of loan amount - max1.10%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation1.1% of the recovered amount
Appears on Repayment Sched?Yes
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?Yes
Percentage of fees16%
All or some fees taxedSome

Pricing Information

Interest
Lowest quoted nominal interest1.00%
Highest quoted nominal interest1.00%
Interest rate periodMonthly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?No
Deposit BEFORE or AT Disbursement
% loan amount deposited10.00%
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositAccess During
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No
Additional Comments
Client pays 10% cash deposit on the day they sign a loan contract. This cash is repaid to the client on the loan disbursement day.

Full Pricing Data

Kamyab Karobari Karza samples
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 PDF PDF
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 - PDF
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 PDF PDF
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 - PDF
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 - PDF
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 - PDF
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 - PDF
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 - PDF
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 - PDF
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 - PDF

Full Pricing Data

Sanitation Loan samples
Sample 1Sample 2Sample 3
Loan AmountMWK 66,327.30MWK 80,000MWK 94,772.50
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2012-04-012012-06-012012-03-01
Loan Term (Months)24.0 months24.0 months24.0 months
Grace Period (Months)-1.0 months-1.0 months-1.0 months
Total Cost of CreditMWK 7,078.44MWK 8,537.58MWK 10,114.10
True Price by Comp     
Interest price component10.9%10.9%10.9%
Fee Component0.0%0.0%0.0%
Insurance Component0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)10.9%10.9%10.9%
Transparency Index100100100
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
Kamyab Karobari Karza Price Graphs


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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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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