Outstanding portfolio (PKR) | PKR 312,889,299 |
Portfolio (USD) | USD 3,072,572.92 |
Active Clients with Loans | 4,654 |
Approximate % Female Clients | 0 |
Approximate % Urban Clients | 0 |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | x |
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 | 1 |
Regions Active | Punjab |
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 | 30% |
PKR 50,000-75,000 | 40% |
PKR 75,000-150,000 | 30% |
Greater than PKR 150,000 | 30% |
Shortest loan term | 3.0 months |
Longest loan term | 12.0 months |
Approx average | 12.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 30% |
Between 7 and 9 months | 30% |
Between 10 and 12 months | 40% |
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 | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | x |
Irregular payments |
Lowest quoted nominal interest | 29.00% |
Highest quoted nominal interest | 30.00% |
Reason(s) why interest rate varies | Time as Client |
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 | 750 |
Fixed amount - max | 1,250 |
Reason for variation | for fresh clients with new loans- 1250, for repeat clients with new loans- 750 |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Insurance Fee |
% of loan amount - min | 0.90% |
% of loan amount - max | 0.90% |
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 | 5.9 months | N/A | PKR 5,015.14 | 38.7% | 29.3% | 6.2% | 1.9% | 1.3% | 0.0% | 75 | - | |
PKR 30,000 | Generated | 2015-06-01 | 5.9 months | N/A | PKR 5,844.17 | 37.5% | 29.3% | 5.1% | 1.9% | 1.2% | 0.0% | 77 | - | |
PKR 51,000 | Generated | 2015-06-01 | 5.9 months | N/A | PKR 9,973.84 | 37.5% | 29.7% | 4.9% | 1.8% | 1.1% | 0.0% | 77 | - | |
PKR 60,000 | Generated | 2015-06-01 | 8.9 months | N/A | PKR 16,666.37 | 34.2% | 29.5% | 2.8% | 1.2% | 0.7% | 0.0% | 85 | - | |
PKR 70,000 | Generated | 2015-06-01 | 8.9 months | N/A | PKR 19,212.10 | 33.7% | 29.5% | 2.4% | 1.2% | 0.6% | 0.0% | 86 | - | |
PKR 75,000 | Generated | 2015-06-01 | 11.8 months | N/A | PKR 27,327.42 | 32.3% | 29.3% | 1.7% | 0.9% | 0.4% | 0.0% | 90 | - | |
PKR 80,000 | Generated | 2015-06-01 | 11.8 months | N/A | PKR 29,056.45 | 32.2% | 29.3% | 1.6% | 0.9% | 0.4% | 0.0% | 90 | - | |
PKR 100,000 | Generated | 2015-06-01 | 11.8 months | N/A | PKR 35,972.57 | 31.8% | 29.3% | 1.3% | 0.9% | 0.3% | 0.0% | 91 | - |
Institution Type | Non-Governmental Organization |
Is this institution regulated? | Yes |
Website address | http://www.sumfindia.com/ |
Year established | 2001 |
Head of Institution | Prakash Banerjee |
Regions active | |
# Branches | 66 |
Total Portfolio (nat'l) | INR 291,437,465 |
Total Portfolio (USD) | USD 5,498,820.09 |
Active clients with loans | 61,128 |
Approximate % female clients | 80% - 100% |
Approximate % urban clients | 20% - 40% |
Network affiliations |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Small Loan product (12.5%) | INR 6,000 - 20,000 | 10.5 | 80% - 100% | 20% - 40% | Business, Housing, Consumer, Education, Other, Cottage, Medical ,Marriage, Agri-Allied Business | Women, Have business, Have home or land | Credit Ins |
Product Name | APR (int) | MFIN MFI Earning (Annualised) | MFIN Cost to Borrower (Annualised) | COMPLIANCE WITH RBI GUIDELINES ON INTEREST METHOD | COMPLIANCE WITH RBI GUIDELINES ON PROCESSING FEES | COMPLIANCE WITH RBI GUIDELINES ON INSURANCE PREMIUM | MFIN Transparency Index | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Small Loan product (12.5%) | 0 | 31.9% | 40.7% - 40.8% | N/A |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Small Loan product (12.5%) | 12.5% annual, Flat | 1 Fee | 1 Ins | None | 10.0% upfront | 31.9% | 40.7% - 40.8% | 31 |
Key Statistics | |
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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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