Outstanding portfolio (PKR) | PKR 84,233,426.32 |
Portfolio (USD) | USD 827,172.25 |
Active Clients with Loans | 3,162 |
Approximate % Female Clients | 0% - 20% |
Approximate % Urban Clients | 60% - 80% |
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 |
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 | 10% |
PKR 25,000-50,000 | 70% |
PKR 50,000-75,000 | 10% |
PKR 75,000-150,000 | 10% |
Greater than PKR 150,000 | 10% |
Shortest loan term | 3.0 months |
Longest loan term | 24.0 months |
Approx average | 12.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 5% |
Between 10 and 12 months | 90% |
Between 13 and 18 months | 5% |
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 |
Lowest quoted nominal interest | 24.00% |
Highest quoted nominal interest | 26.00% |
Reason(s) why interest rate varies | Time as Client, Loan Size |
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 | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 600 |
Fixed amount - max | 1,000 |
Reason for variation | for fresh clients- 1000, for repeat clients-600 |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Insurance Fee |
% of loan amount - min | 1.10% |
% of loan amount - max | 1.10% |
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? | Yes |
Percentage of fees | 16% |
All or some fees taxed | Some |
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 25,000 | Generated | 2015-06-01 | 9.0 months | N/A | PKR 4,274.36 | 40.9% | 25.7% | 10.1% | 2.9% | 2.2% | 0.0% | 59 | - | |
PKR 30,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 5,945.14 | 35.9% | 25.7% | 6.6% | 2.2% | 1.4% | 0.0% | 67 | - | |
PKR 35,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 6,742.67 | 34.8% | 25.7% | 5.6% | 2.2% | 1.3% | 0.0% | 69 | - | |
PKR 40,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 7,540.19 | 34.0% | 25.7% | 4.9% | 2.2% | 1.2% | 0.0% | 71 | - | |
PKR 45,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 8,337.71 | 33.3% | 25.7% | 4.4% | 2.1% | 1.1% | 0.0% | 72 | - | |
PKR 50,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 8,843.05 | 31.8% | 24.8% | 3.8% | 2.2% | 1.0% | 0.0% | 75 | - | |
PKR 65,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 11,147.97 | 30.7% | 24.8% | 2.9% | 2.2% | 0.8% | 0.0% | 78 | - | |
PKR 90,000 | Generated | 2015-06-01 | 18.0 months | N/A | PKR 20,407.25 | 27.3% | 23.8% | 1.5% | 1.5% | 0.5% | 0.0% | 88 | - |
Institution Type | Non-Governmental Organization |
Is this institution regulated? | No |
Website address | http://www.fundamic.org/ |
Year established | 1995 |
Head of Institution | Salomón Caicedo |
Regions active | |
# Branches | 2 |
Total Portfolio (nat'l) | USD 1,506,920 |
Total Portfolio (USD) | USD 1,506,920 |
Active clients with loans | 2,270 |
Approximate % female clients | 60% - 80% |
Approximate % urban clients | 0% - 20% |
Network affiliations | Red Financiera Rural, Red Internacional de Instituciones Financieras Alternativas INAFI, Consorcio Etimos |
Funders | ETIMOS ITALIA, CRESUD ITALIA, OIKOCREDIT HOLANDA, FINANZAS POPULARES ECUADOR |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
CREDITO GRUPOS SOLIDARIOS | USD 300 - 2,000 | 3 - 18 | 60% - 80% | 0% - 20% | Business, Capital de Trabajo | Women, Men, Have business | Group Mtgs, Credit Ins, Tech Asst Visits, Business Training | |||||||
CREDITO INDIVIDUAL | USD 600 - 3,000 | 3 - 24 | 60% - 80% | 0% - 20% | Business, Capital de Trabajo | Women, Men, Have business | Group Mtgs, Credit Ins, Tech Asst Visits, Business Training |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
CREDITO GRUPOS SOLIDARIOS | 23.9% annual, Decl Bal | 1 Fee | 0 Ins | None | 7.0% upfront 7.00% ongoing | 22.4% - 23.6% | 38.4% - 39.6% | 61 | ||||||||
CREDITO INDIVIDUAL | 13.0%-29.1% annual, Decl Bal | 1 Fee | 0 Ins | None | N/A | 29.5% | 36.7% - 37.4% | 35 |
Key Statistics | |
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Loan Portfolio (USD) | |
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% Products with one or more insurances | |
% Products with compulsory deposits |
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