| Institution Type | Non-Governmental Organization |
| Is this institution regulated? | No |
| Website address | http://www.kashf.org |
| Year established | 1996 |
| Head of Institution | Roshaneh Zafar |
| Regions active | Punjab, Sindh |
| # Branches | 167 |
| Total Portfolio (nat'l) | PKR 3,409,106,521 |
| Total Portfolio (USD) | USD 34,786,801.23 |
| Active clients with loans | 306,551 |
| Approximate % female clients | 100% |
| Approximate % urban clients | 40% - 60% |
| Network affiliations | Pakistan Microfinance Network |
| Funders | Pakistan Poverty Alleviation Fund, Skool Foundation, MEDA, CIDA |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Kashf Karobar Karza | PKR 20,000 - 60,000 | 12 | 100% | 40% - 60% | Business, Agriculture | Women, Have business, Specific age group | Credit Educ, Business Training, Other Training, Financial Literacy | |||||||
| Kashf ibtad-e- Karobar Karza | PKR 20,000 - 30,000 | 12 | 100% | 0% | Business, Agriculture | Women, Have business, Specific age group | Credit Educ, Business Training, Other Training, Financial Literacy |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Kashf Karobar Karza | 20.0% annual, Flat | 1 Fee | 1 Ins | None | N/A | 35.5% - 37.7% | 38.2% - 41.3% | N/A | ||||||||
| Kashf ibtad-e- Karobar Karza | 22.0% annual, Flat | 1 Fee | 1 Ins | None | N/A | 38.3% - 39.2% | 41.4% - 43% | N/A |
| Outstanding portfolio (USD) | USD 66,556.84 |
| Portfolio (USD) | USD 66,556.84 |
| Active Clients with Loans | 166 |
| Approximate % Female Clients | 20% - 40% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | |
| Solidarity group | x |
| 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 | |
| Workplace visits | x |
| Business training | |
| 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 | Asociacion debe haber firmado convenio con Cepesiu |
| Other (2) | Producto dirigido a produccion agricola de ciclo corto |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Currency | USD |
| Minimum loan size | USD 500 |
| Maximum loan size | 1,500 |
| Shortest loan term | 4.0 months |
| Longest loan term | 8.0 months |
| Approx average | 6.0 months |
| 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 | 28.56% |
| Highest quoted nominal interest | 28.56% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | No |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | Yes |
| Do borrowers control deposit in their group? |
| % loan amount deposited | 12.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit |
| Minimum interest rate paid | 0 |
| Maximum interest rate paid | 0 |
| Interest payment frequency | N/A |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | USD 1,136 | USD 1,136 | USD 1,136.36 | ||
| Loan Cycle (1, 2, 3, etc) | 1 | 1 | 1 | ||
| Disbursement Date | 2010-06-15 | 2010-06-15 | 2010-06-15 | ||
| Loan Term (Months) | 6.0 months | 6.0 months | 6.0 months | ||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
| Total Cost of Credit | Not Known | Not Known | Not Known | ||
| True Price by Comp | |||||
| Interest and Fee Component | 28.9% | 28.9% | 29.0% | ||
| Insurance Component | 0.0% | 0.0% | 0.0% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 4.0% | 4.0% | 4.0% | ||
| Full APR (int fee ins tax dep) | 32.9% | 32.9% | 32.9% | ||
| Transparency Index | 87 | 87 | 87 | ||
| 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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