| Number borrowers | 20,347 |
| Loan Amount (range) | PKR 35,000 - 150,000 |
| Loan Term (range) | 3 - 18 |
| Other Services (text summary) | Credit Educ, Credit Ins |
| Annual Interest & Method | 25.0%-30.0% annual, Decl Bal |
| Fees | 500.00-3,000.00 upfront |
| Insurance | 1.35% upfront |
| Tax | None |
| Comp Dep | N/A |
| Range of pricing | |
| Interest Price Component | 24.6% - 50.8% |
| Fee Component | 2.0% - 6.5% |
| Insurance Component | 1.9% - 3.6% |
| Tax Component Range | 0.3% - 1.1% |
| Full APR (int fee ins tax dep) | 50.5% - 58.6% |
| Transparency Index (min/max) | 0 - N/A |
| Transparency Index (average) | N/A |
| Outstanding portfolio (PKR) | PKR 865,675,201 |
| Portfolio (USD) | USD 8,833,420.42 |
| Active Clients with Loans | 20,347 |
| 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 | x |
| 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 | If >100,000, condition of owned home or business premises |
| Other (2) |
| # Regions for this institution | 3 |
| # Regions for this product | N/A |
| Regions Active |
| Outstanding portfolio (USD) | USD 90,099 |
| Portfolio (USD) | USD 90,099 |
| Active Clients with Loans | 39 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 60% - 80% |
| Any purpose | x |
| Income generation | |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Men | x |
| Women | x |
| Must run a business | |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Currency | PKR |
| Minimum loan size | PKR 35,000 |
| Maximum loan size | 150,000 |
| Loans less than PKR 10,000 | 0 |
| PKR 10,000-25,000 | 0 |
| PKR 25,000-50,000 | 10% |
| PKR 50,000-75,000 | 60% |
| PKR 75,000-150,000 | 30% |
| Greater than PKR 150,000 | 30% |
| Shortest loan term | 3.0 months |
| Longest loan term | 18.0 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 | 80% |
| Between 13 and 18 months | 20% |
| Longer than 18 months | 0 |
| Grace period usage | 100% |
| Average grace period | 0.3 months |
| 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 | 25.00% |
| Highest quoted nominal interest | 30.00% |
| 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 | Document and Processing Fee |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 500 |
| Fixed amount - max | 3,000 |
| Reason for variation | Depends on loan amount & if new or repeat client |
| Appears on Repayment Sched? | Yes |
| Ins 1 | |
|---|---|
| Description | Life Insurance |
| % of loan amount - min | 1.35% |
| % of loan amount - max | 1.35% |
| 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? | No |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | PKR 50,000 | PKR 50,000 | PKR 100,000 | PKR 100,000 | |||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
| Disbursement Date | 2013-02-21 | 2013-05-10 | 2013-05-10 | 2013-02-25 | |||
| Loan Term (Months) | 12.0 months | 12.0 months | 12.0 months | 12.0 months | |||
| Grace Period (Months) | -0.1 months | 0.0 months | 0.0 months | 0.2 months | |||
| Total Cost of Credit | PKR 16,860 | PKR 16,860 | PKR 32,880 | PKR 29,938 | |||
| True Price by Comp | |||||||
| Interest price component | 50.8% | 50.2% | 47.1% | 45.4% | |||
| Fee Component | 4.1% | 4.0% | 6.1% | 2.0% | |||
| Insurance Component | 3.0% | 2.9% | 2.9% | 2.8% | |||
| Tax Component | 0.7% | 0.7% | 1.0% | 0.3% | |||
| Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Full APR (int fee ins tax dep) | 58.6% | 57.8% | 57.1% | 50.5% | |||
| Transparency Index | N/A | N/A | N/A | N/A | |||
| Original Repayment Schedule | |||||||
| MFT Pricing Calculation |
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| % 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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