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 (INR) | INR 11,000,000 |
Portfolio (USD) | USD 207,547.17 |
Active Clients with Loans | 36 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 60% - 80% |
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 | x |
Group meetings | |
Credit insurance | x |
Workplace visits | |
Business training | x |
Other training | |
Other | |
Other (2) | |
No other services |
Men | |
Women | x |
Must run a business | |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Household income <60,000 INR | |
Household income <120,000 INR | |
Must live in rural area | |
Must lives in urban area | |
Other | |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Currency | INR |
Minimum loan size | INR 15,000 |
Maximum loan size | 16,000 |
Shortest loan term | 6.0 months |
Longest loan term | 12.0 months |
Approx average | 0 |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | x |
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 | 15.00% |
Highest quoted nominal interest | 15.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | Yes |
Do borrowers control deposit in their group? |
% loan amount deposited | 0 |
or, Fixed-amount deposited | INR 1,000 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | End Term |
Minimum interest rate paid | 0 |
Maximum interest rate paid | 0 |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
Sample 1 | |
---|---|
Loan Amount | INR 15,000 |
Loan Cycle (1, 2, 3, etc) | Not Known |
Disbursement Date | 2010-03-31 |
Loan Term (Months) | 11.7 months |
Grace Period (Months) | 0 |
Total Cost of Credit | Not Known |
True Price by Comp | |
Interest and Fee Component | 30.8% |
Insurance Component | 5.9% |
Tax Component | 0 |
Deposit Component | 5.0% |
Full APR (int fee ins tax dep) | 41.7% |
MFIN MFI Earning (Annualised) | 30.8% |
MFIN Cost to Borrower (Annualised) | 41.7% |
Transparency Index | 36 |
MFIN Transparency Index | N/A |
Original Repayment Schedule | |
MFT Pricing Calculation |
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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