Number borrowers | 11,506 |
Loan Amount (range) | PKR 50,000 - 150,000 |
Loan Term (range) | 12 |
Other Services (text summary) | Credit Ins |
Annual Interest & Method | 27.0%-28.0% annual, Flat |
Fees | 1,500.00-2,500.00 upfront |
Insurance | 0.07% ongoing, of Bal, each Mnth |
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) | 31.7% - 33.8% |
Transparency Index (min/max) | 42 - 99 |
Transparency Index (average) | 81 |
7,933 |
RWF 250,000 - 3,000,000 |
4 - 12 |
Credit Educ, Group Mtgs, Credit Ins, Business Training |
30.0% annual, Flat |
1.00% upfront |
0.80% upfront |
18.00% fees |
10.0% upfront 10.00% ongoing |
19.8% - 51.7% |
2.0% - 5.7% |
0.3% - 4.5% |
0.4% - 1.9% |
70.6% - 72.9% |
32 - 80 |
41 |
Outstanding portfolio (PKR) | PKR 943,230,382.30 |
Portfolio (USD) | USD 9,262,522.35 |
Active Clients with Loans | 11,506 |
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 (RWF) | RWF 5,202,031,666 |
Portfolio (USD) | USD 8,128,174.48 |
Active Clients with Loans | 7,933 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 40% - 60% |
Individual | |
Solidarity group | |
Village banking | x |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | x |
Other | |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | x |
Workplace visits | |
Business training | x |
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 | 22 |
# Regions for this product | N/A |
Regions Active |
Currency | PKR |
Minimum loan size | PKR 50,000 |
Maximum loan size | 150,000 |
Loans less than PKR 10,000 | 0 |
PKR 10,000-25,000 | 0 |
PKR 25,000-50,000 | 0 |
PKR 50,000-75,000 | 40% |
PKR 75,000-150,000 | 60% |
Greater than PKR 150,000 | 60% |
Shortest loan term | 12.0 months |
Longest loan term | 12.0 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 | 100% |
Between 13 and 18 months | 0 |
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 | x |
Currency | RWF |
Minimum loan size | RWF 250,000 |
Maximum loan size | 3,000,000 |
Loans less than RWF 500,000 | 20% |
RWF 500,000-1,500,000 | 30% |
RWF 1,500,000-2,500,000 | 30% |
RWF 2,500,000-3,500,000 | 20% |
RWF 3,500,000-4,500,000 | 0 |
Greater than RWF 4,500,000 | 0 |
Shortest loan term | 4.0 months |
Longest loan term | 12.0 months |
Approx average | DK |
Loans 3 months or less | 0 |
Between 4 and 6 months | 50% |
Between 7 and 9 months | 20% |
Between 10 and 12 months | 30% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 100% |
Average grace period | 0.3 months |
Daily | |
Weekly | x |
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 | 27.00% |
Highest quoted nominal interest | 28.00% |
Reason(s) why interest rate varies | %age of limit utlized. |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | No |
Fee 1 | |
---|---|
Description | Processing Fee |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 1,500 |
Fixed amount - max | 2,500 |
Reason for variation | for fresh clients as high as 2500, for repeatg clients as low as 1500 |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Insurance Fee |
% of loan amount - min | 0.07% |
% of loan amount - max | 0.07% |
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 |
Lowest quoted nominal interest | 2.50% |
Highest quoted nominal interest | 2.50% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Loan Processing Fee |
% of loan amount - min | 1.00% |
% of loan amount - max | 1.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Excluding VAT |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Credit Life Insurance Premium |
% of loan amount - min | 0.80% |
% of loan amount - max | 0.80% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Excluding VAT |
Appears on Repayment Sched? | Yes |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | Yes |
Do borrowers control deposit in their group? | Yes |
% loan amount deposited | 10.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 10.00% |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | End Term |
Minimum interest rate paid | 5.00% |
Maximum interest rate paid | 5.00% |
Interest payment frequency | Monthly |
Are taxes charged on this product? | Yes |
Percentage of fees | 18% |
All or some fees taxed | All |
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 | - | |
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 | - | |
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 | - | |
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 | - | |
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 | - | |
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 | - | |
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 | - | |
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 | - |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | RWF 250,000 | RWF 500,000 | RWF 980,000 | RWF 2,000,000 | RWF 3,000,000 | ||||
Loan Cycle (1, 2, 3, etc) | 1 | 6 | 5 | 6 | 6 | ||||
Disbursement Date | 2012-09-20 | 2012-09-20 | 2012-09-17 | 2012-09-13 | 2012-09-13 | ||||
Loan Term (Months) | 6.0 months | 6.0 months | 8.0 months | 8.0 months | 12.0 months | ||||
Grace Period (Months) | 0.9 months | 0.9 months | 0.9 months | 0.9 months | 0.9 months | ||||
Total Cost of Credit | RWF 42,653 | RWF 85,295 | RWF 212,286.20 | RWF 433,219 | RWF 960,513 | ||||
True Price by Comp | |||||||||
Interest price component | 49.2% | 49.2% | 50.1% | 50.1% | 50.7% | ||||
Fee Component | 3.6% | 3.6% | 2.9% | 2.9% | 2.0% | ||||
Insurance Component | 2.9% | 2.9% | 2.3% | 2.3% | 1.7% | ||||
Tax Component | 1.2% | 1.2% | 1.0% | 1.0% | 0.6% | ||||
Deposit Component | 16.0% | 16.0% | 16.0% | 16.0% | 15.6% | ||||
Full APR (int fee ins tax dep) | 72.9% | 72.9% | 72.3% | 72.3% | 70.6% | ||||
Transparency Index | 41 | 41 | 41 | 41 | 43 | ||||
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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