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. Goshen
Please note that the information you are viewing is 160 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

Goshen Finance S.A NyarugengeKigaliPO Box 4787
Data approved: 2011-09-16
Data version: 1
Age of data: 160 months

Product

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Product Summary

Number borrowers4,654
Loan Amount (range)PKR 25,000 - 150,000
Loan Term (range)3 - 12
Other Services (text summary)Credit Ins
Annual Interest & Method29.0%-30.0% annual, Flat
Fees750.00-1,250.00 upfront
Insurance0.90% 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)31.8% - 38.7%
Transparency Index (min/max)42 - 99
Transparency Index (average)83

Product Summary

1,127
RWF 100,000 - 10,000,000
1 - 24
Business Training, Other Training
16.00% annual, Decl Bal
2.00% upfront
1.00%-10.00% upfront
None
N/A
 
N/A
15.4% - 72.0% (Int+Fee)
0 - 34.9%
0
16.1% - 72.0%
22 - 109
45

Product Details

Key Statistics
Outstanding portfolio (PKR)PKR 312,889,299
Portfolio (USD)USD 3,072,572.92
Active Clients with Loans4,654
Approximate % Female Clients0
Approximate % Urban Clients0
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Term loan with Bullet payment.
Loan Purpose
Any purpose
Income generation
Mortgage/housing
Consumer loan
Agriculturex
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 product1
Regions ActivePunjab

Product Details

Key Statistics
Outstanding portfolio (RWF)RWF 654,316,382
Portfolio (USD)USD 1,022,369.35
Active Clients with Loans1,127
Approximate % Female Clients0% - 20%
Approximate % Urban Clients40% - 60%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Credit de consommation, equipement mobiliers de menage, minerval des etudiants universitaries.
Loan Purpose
Any purpose
Income generation
Mortgage/housing
Consumer loanx
Agriculture
Educationx
Other household financex
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurance
Workplace visits
Business trainingx
Other trainingx
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a business
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 institution13
# Regions for this product16
Regions ActiveBugesera, Burera, Gasabo, Gatsibo, Gicumbi, KamonyiKayonza, Kicukiro, Muhanga, Musanze, Nyagatare, Nyanza, Nyarugenge, Rubavu, Ruhango, Rwamagana

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 25,000-50,00030%
PKR 50,000-75,00040%
PKR 75,000-150,00030%
Greater than PKR 150,00030%
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term12.0 months
Approx average12.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months30%
Between 7 and 9 months30%
Between 10 and 12 months40%
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
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end paymentx
Irregular payments

Loan Conditions

Loan Amount
CurrencyRWF
Minimum loan sizeRWF 100,000
Maximum loan size10,000,000
Distribution at Disbursement (Est.)
Loans less than RWF 500,00015%
RWF 500,000-1,500,00015%
RWF 1,500,000-2,500,00015%
RWF 2,500,000-3,500,00015%
RWF 3,500,000-4,500,00015%
Greater than RWF 4,500,00015%
Loan Term and Grace Period
Shortest loan term1.0 month
Longest loan term24.0 months
Approx average12.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less15%
Between 4 and 6 months15%
Between 7 and 9 months15%
Between 10 and 12 months20%
Between 13 and 18 months20%
Longer than 18 months15%
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 interest29.00%
Highest quoted nominal interest30.00%
Reason(s) why interest rate variesTime as Client
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 - min750
Fixed amount - max1,250
Reason for variationfor fresh clients with new loans- 1250, for repeat clients with new loans- 750
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsurance Fee
% of loan amount - min0.90%
% of loan amount - max0.90%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
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 interest16.00%
Highest quoted nominal interest16.00%
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionCommission Fee
% of loan amount - min2.00%
% of loan amount - max2.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionCredit Life
% of loan amount - min1.00%
% of loan amount - max10.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationDepends on client age, loan term and amount.
Appears on Repayment Sched?No
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?No

Full Pricing Data

Kamyab Kashtkar 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 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 - PDF
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 - PDF
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 - PDF
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 - PDF
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 - PDF
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 - PDF
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 - PDF
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 - PDF

Full Pricing Data

Autres Credits samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountRWF 150,000RWF 210,000RWF 919,000RWF 950,000RWF 1,000,000RWF 3,000,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2011-03-012011-03-142011-02-242010-06-202010-09-092011-02-25
Loan Term (Months)1.0 month1.0 month10.0 months36.0 months36.0 months24.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot KnownNot KnownNot Known
True Price by Comp           
Interest and Fee Component72.0%60.0%20.7%15.4%17.4%18.1%
Insurance Component0.0%0.0%5.1%0.7%0.7%1.3%
Tax Component0.0%0.0%0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)72.0%60.0%25.8%16.1%18.1%19.4%
Transparency Index222762998882
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF
Kamyab Kashtkar 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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