2. KF
Please note that the information you are viewing is 110 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. Swadhaar
Please note that the information you are viewing is 137 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Kashf Foundation 19-Aibak Block, New Garden TownLahore, Punjab54000
Data approved: 2013-06-19
Data version: 1
Age of data: 110 months

Institution

Swadhaar FinServe Pvt. Ltd. 5/39 Shree Om Co-operative Housing SocietyGuru Narayan Road, Santacruz (E)Mumbai, MaharashtraPO Box 400001
Data approved: 2013-01-22
Data version: 3
Age of data: 137 months
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Product

Kashf ibtad-e- Karobar Karza Product 2 of 3 « Prev | Next »

Product

Swahit - Individual Loan with Joint Liability Product 1 of 3 « Prev | Next »

Product Summary

Number borrowers161
Loan Amount (range)PKR 20,000 - 30,000
Loan Term (range)12
Other Services (text summary)Credit Educ, Business Training, Other Training, Financial Literacy
Annual Interest & Method22.0% annual, Flat
Fees400.00 upfront
Insurance300.00-500.00 upfront
TaxNone
Comp DepN/A
Range of pricing 
Interest Price Component34.1% - 35.8%
Fee Component1.4% - 3.7%
Insurance Component2.7% - 3.8%
Tax Component Range0
Full APR (int fee ins tax dep)41.4% - 43.0%
Transparency Index (min/max)0 - N/A
Transparency Index (average)N/A

Product Summary

87,428
INR 8,000 - 34,000
24
Credit Educ, Credit Ins
26.0% annual, Decl Bal
1.00% upfront
74.72-317.56 upfront
12.36% fees
N/A
 
25.8% - 29.9%
1.0% - 5.3%
0.8% - 1.3%
0.1% - 0.7%
27.9% - 28.0%
81 - 93
93

Product Details

Key Statistics
Outstanding portfolio (PKR)PKR 2,356,089
Portfolio (USD)USD 24,041.72
Active Clients with Loans161
Approximate % Female Clients100%
Approximate % Urban Clients0
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Kashf Foundation deems it necessary to financially include individuals who have a skill set and want to utilize it to start a new business. The target market for the product will be women only.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculturex
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetings
Credit insurance
Workplace visits
Business trainingx
Other trainingx
OtherFinancial Literacy
Other (2)
No other services
Eligibility
Men
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age groupx
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution2
# Regions for this product1
Regions ActivePunjab

Product Details

Key Statistics
Outstanding portfolio (INR)INR 809,097,517
Portfolio (USD)USD 15,265,990.89
Active Clients with Loans87,428
Approximate % Female Clients100%
Approximate % Urban Clients100%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Swahit is an individual loan offered to women in groups. Client evaluations are conducted individually and loans are cross-guaranteed by the group. The product allows flexibility through prepayments and part payments.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetings
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Men
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age groupx
Household income <60,000 INR
Household income <120,000 INRx
Must live in rural area
Must lives in urban areax
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution2
# Regions for this product2
Regions ActiveGujarat, Maharashtra

Loan Conditions

Loan Amount
CurrencyPKR
Minimum loan sizePKR 20,000
Maximum loan size30,000
Distribution at Disbursement (Est.)
Loans less than PKR 10,0000
PKR 10,000-25,0000
PKR 25,000-50,000100%
PKR 50,000-75,0000
PKR 75,000-150,0000
Greater than PKR 150,0000
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 period1.0 month
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

Loan Conditions

Loan Amount
CurrencyINR
Minimum loan sizeINR 8,000
Maximum loan size34,000
Distribution at Disbursement (Est.)
Loans less than INR 5,0000
INR 5,000-15,00050%
INR 15,000-25,00040%
INR 25,000-35,00010%
INR 35,000-45,0000
Greater than INR 45,0000
Loan Term and Grace Period
Shortest loan term24.0 months
Longest loan term24.0 months
Approx average24.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months100%
Grace Period
Grace period usage100%
Average grace period1.0 month
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 interest22.00%
Highest quoted nominal interest22.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionDocumentation Fee
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min400
Fixed amount - max400
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionAccidental and Life Insurance
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min300
Fixed amount - max500
Reason for variationLoans under PKR 20,000 charged at 2%. Larger loans charged 2% for first PKR 20,000 and 1% for amount over.
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?No

Pricing Information

Interest
Lowest quoted nominal interest26.00%
Highest quoted nominal interest26.00%
Reason(s) why interest rate variesBranch
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
Ins 1
DescriptionCredit Insurance
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min74.72
Fixed amount - max317.56
Reason for variationRs 4.67 for every Rs 1000 for a year.
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 fees12.4%
All or some fees taxedSome

Full Pricing Data

Kashf ibtad-e- Karobar Karza samples
Sample 1Sample 2Sample 3
Loan AmountPKR 20,000PKR 25,000PKR 30,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2014-05-192014-05-162014-04-24
Loan Term (Months)12.0 months12.0 months12.0 months
Grace Period (Months)1.0 month1.0 month1.0 month
Total Cost of CreditPKR 5,200PKR 6,350PKR 7,500
True Price by Comp     
Interest price component35.5%35.5%35.8%
Fee Component3.7%3.0%2.5%
Insurance Component3.8%3.4%3.1%
Tax Component0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)43.0%41.9%41.4%
Transparency IndexN/AN/AN/A
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF

Full Pricing Data

Swahit - Individual Loan with Joint Liability samples
Sample 1Sample 2Sample 3
Loan AmountINR 10,000INR 20,000INR 30,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2012-10-292012-10-272012-10-30
Loan Term (Months)25.0 months25.0 months25.0 months
Grace Period (Months)0.6 months0.5 months0.5 months
Total Cost of CreditINR 3,270.76INR 6,472.52INR 9,699.28
True Price by Comp     
Interest price component25.8%25.8%25.8%
Fee Component1.1%1.1%1.0%
Insurance Component0.9%0.9%1.0%
Tax Component0.2%0.2%0.1%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)28.0%28.0%27.9%
MFIN MFI Earning (Annualised)26.9%26.9%26.8%
MFIN Cost to Borrower (Annualised)28.0%28.0%27.9%
Transparency Index939393
MFIN Transparency Index100100100
      
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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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