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. Grameen Koota
Please note that the information you are viewing is 141 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

Grameen Financial Services Pvt. Ltd. (Grameen Koota) AvalahaliJP Nagar-9th PhaseBanglore, Karnataka560062
Data approved: 2013-05-14
Data version: 3
Age of data: 141 months
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Product

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Product Summary

Number borrowers11,506
Loan Amount (range)PKR 50,000 - 150,000
Loan Term (range)12
Other Services (text summary)Credit Ins
Annual Interest & Method27.0%-28.0% annual, Flat
Fees1,500.00-2,500.00 upfront
Insurance0.07% ongoing, of Bal, each Mnth
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)31.7% - 33.8%
Transparency Index (min/max)42 - 99
Transparency Index (average)81

Product Summary

2,875
INR 500 - 1,000
2.56 - 2.79
Credit Educ, Group Mtgs, Jagruthi- Client Education Series, Socio-Economic Development Workshop
22.0% annual, Decl Bal
1.00% upfront
None
12.36% fees
N/A
 
21.8% - 34.0%
1.1% - 11.6%
0 - 16.6%
0.1% - 1.5%
31.9% - 32.1%
51 - 92
69

Product Details

Key Statistics
Outstanding portfolio (PKR)PKR 943,230,382.30
Portfolio (USD)USD 9,262,522.35
Active Clients with Loans11,506
Approximate % Female Clients0% - 20%
Approximate % Urban Clients80% - 100%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Running Finance loan with montly bill payment
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 (INR)INR 366,443
Portfolio (USD)USD 6,914.02
Active Clients with Loans2,875
Approximate % Female Clients100%
Approximate % Urban Clients20% - 40%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
It is a product in Social Welfare category. To access health care product
Loan Purpose
Any purpose
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household financex
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurance
Workplace visits
Business training
Other training
OtherJagruthi- Client Education Series
Other (2)Socio-Economic Development Workshop
No other services
Eligibility
Men
Womenx
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age group
Household income <60,000 INRx
Household income <120,000 INRx
Must live in rural area
Must lives in urban area
OtherMember must have running IGL Pragati/ Pragati Plus / Water or Sanitation loans.
Other (2)The member who opts for healthcare services under SNDPAP scheme is eligible for the loan.
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution3
# Regions for this product1
Regions ActiveKarnataka

Loan Conditions

Loan Amount
CurrencyPKR
Minimum loan sizePKR 50,000
Maximum loan size150,000
Distribution at Disbursement (Est.)
Loans less than PKR 10,0000
PKR 10,000-25,0000
PKR 25,000-50,0000
PKR 50,000-75,00040%
PKR 75,000-150,00060%
Greater than PKR 150,00060%
Loan Term and Grace Period
Shortest loan term12.0 months
Longest loan term12.0 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 months100%
Between 13 and 18 months0
Longer than 18 months0
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 paymentsx

Loan Conditions

Loan Amount
CurrencyINR
Minimum loan sizeINR 500
Maximum loan size1,000
Distribution at Disbursement (Est.)
Loans less than INR 5,000100%
INR 5,000-15,0000
INR 15,000-25,0000
INR 25,000-35,0000
INR 35,000-45,0000
Greater than INR 45,0000
Loan Term and Grace Period
Shortest loan term2.6 months
Longest loan term2.8 months
Approx average2.6 months
Distribution at Disbursement (Est.)
Loans 3 months or less100%
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage100%
Average grace period0.2 months
Repayment Frequency
Daily
Weeklyx
Every 2 weeksx
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest27.00%
Highest quoted nominal interest28.00%
Reason(s) why interest rate varies%age of limit utlized.
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termNo
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min1,500
Fixed amount - max2,500
Reason for variationfor fresh clients as high as 2500, for repeatg clients as low as 1500
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
Ins 1
DescriptionInsurance Fee
% of loan amount - min0.07%
% of loan amount - max0.07%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
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 interest22.00%
Highest quoted nominal interest22.00%
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
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 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 fees12.4%
All or some fees taxedSome
Additional Comments
Moratorium Period (Repayment Holiday) - one installment for principal only

Full Pricing Data

Raqam Barwaqt 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 Generated 2015-06-01 12.0 months N/A PKR 16,627.10 33.2% 29.6% 2.3% 0.9% 0.4% 0.0% 81 - PDF
PKR 55,000 Generated 2015-06-01 12.0 months N/A PKR 18,202.30 33.2% 28.7% 3.1% 0.8% 0.6% 0.0% 81 - PDF
PKR 60,000 Generated 2015-06-01 12.0 months N/A PKR 19,698.87 32.8% 28.7% 2.8% 0.9% 0.4% 0.0% 82 - PDF
PKR 76,000 Generated 2015-06-01 12.0 months N/A PKR 25,465.82 33.8% 27.7% 4.5% 0.9% 0.7% 0.0% 80 - PDF
PKR 80,000 Generated 2015-06-01 12.0 months N/A PKR 26,622.97 33.6% 27.7% 4.3% 0.9% 0.7% 0.0% 80 - PDF
PKR 90,000 Generated 2015-06-01 12.0 months N/A PKR 29,515.84 33.0% 27.7% 3.8% 0.9% 0.6% 0.0% 82 - PDF
PKR 100,000 Generated 2015-06-01 12.0 months N/A PKR 32,408.71 32.5% 27.7% 3.4% 0.9% 0.5% 0.0% 83 - PDF
PKR 125,000 Generated 2015-06-01 12.0 months N/A PKR 39,640.89 31.7% 27.7% 2.7% 0.9% 0.4% 0.0% 85 - PDF

Full Pricing Data

Arogya Loan samples
Sample 1Sample 2Sample 3
Loan AmountINR 500INR 800INR 500
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2013-02-072013-02-072013-02-07
Loan Term (Months)2.6 months2.6 months2.6 months
Grace Period (Months)0.0 months0.0 months0.0 months
Total Cost of CreditINR 19.62INR 31.99INR 19.62
True Price by Comp     
Interest price component22.6%22.9%22.6%
Fee Component8.3%8.2%8.3%
Insurance Component0.0%0.0%0.0%
Tax Component1.0%1.0%1.0%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)31.9%32.1%31.9%
MFIN MFI Earning (Annualised)30.9%31.1%30.9%
MFIN Cost to Borrower (Annualised)31.9%32.1%31.9%
Transparency Index696969
MFIN Transparency Index979697
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula
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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
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Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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