Number borrowers | 82,054 |
Loan Amount (range) | PKR 15,000 - 50,000 |
Loan Term (range) | 3 - 12 |
Other Services (text summary) | Group Mtgs, Credit Ins |
Annual Interest & Method | 31.0% annual, Decl Bal |
Fees | 800.00-1,000.00 upfront |
Insurance | None |
Tax | 16.00% fees |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | 22.4% - 30.6% |
Fee Component | 1.0% - 13.7% |
Insurance Component | 0 |
Tax Component Range | 0.1% - 2.3% |
Full APR (int fee ins tax dep) | 36.3% - 46.6% |
Transparency Index (min/max) | 67 - 100 |
Transparency Index (average) | 78 |
122 |
MWK 1,120 - 30,000 |
2 - 5 |
Credit Educ, Credit Ins |
36.00% annual, Flat |
3.00% upfront |
2.00% upfront |
None |
50.00% upfront |
54.5% - 72.2% |
5.6% - 18.8% |
3.9% - 12.9% |
0 |
298.2% - 308.4% |
11 - 26 |
11 |
Outstanding portfolio (PKR) | PKR 1,120,243,405 |
Portfolio (USD) | USD 11,000,790.24 |
Active Clients with Loans | 82,054 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 40% - 60% |
Individual | |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | x |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | |
Group meetings | x |
Credit insurance | x |
Workplace visits | |
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 | |
Other (2) |
# Regions for this institution | 6 |
# Regions for this product | 6 |
Regions Active | Azad Kashmir, Balochistan, Islambad Capital Territory, Khyber Pakhtunkwa, Punjab, Sindh |
Outstanding portfolio (MWK) | MWK 1,390,686 |
Portfolio (USD) | USD 3,565.86 |
Active Clients with Loans | 122 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 80% - 100% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | x |
Other | |
Other (2) |
Credit education | x |
Group meetings | |
Credit insurance | x |
Workplace visits | |
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 | x |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | 5 |
# Regions for this product | 5 |
Regions Active | Lilongwe, Mchinji, Salima, Mzimba, Blantyre |
Currency | PKR |
Minimum loan size | PKR 15,000 |
Maximum loan size | 50,000 |
Loans less than PKR 10,000 | 0 |
PKR 10,000-25,000 | 80% |
PKR 25,000-50,000 | 20% |
PKR 50,000-75,000 | 0 |
PKR 75,000-150,000 | 0 |
Greater than PKR 150,000 | 0 |
Shortest loan term | 3.0 months |
Longest loan term | 12.0 months |
Approx average | 11.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 10% |
Between 10 and 12 months | 90% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 0 |
Average grace period | 0 |
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 |
Currency | MWK |
Minimum loan size | MWK 1,120 |
Maximum loan size | 30,000 |
Loans less than MWK 50,000 | 100% |
MWK 50,000-150,000 | 0 |
MWK 150,000-250,000 | 0 |
MWK 250,000-350,000 | 0 |
MWK 350,000-450,000 | 0 |
Greater than MWK 450,000 | 0 |
Shortest loan term | 2.0 months |
Longest loan term | 5.0 months |
Approx average | 4.0 months |
Loans 3 months or less | 100% |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 0 |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 0 |
Average grace period | 0 |
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 | 31.00% |
Highest quoted nominal interest | 31.00% |
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 | Processing Fee |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 800 |
Fixed amount - max | 1,000 |
Reason for variation | Loan =<PKR 30,000= 800, > 30,000 and = 50,000 = 1000 |
Appears on Repayment Sched? | No |
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? | Yes |
Percentage of fees | 16% |
All or some fees taxed | Some |
Lowest quoted nominal interest | 36.00% |
Highest quoted nominal interest | 36.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Processing Fee |
% of loan amount - min | 3.00% |
% of loan amount - max | 3.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Insurance Premium |
% of loan amount - min | 2.00% |
% of loan amount - max | 2.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | Yes |
Do borrowers control deposit in their group? | Yes |
% loan amount deposited | 50.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
Conditions on access to deposit | Access During |
Minimum interest rate paid | N/A |
Maximum interest rate paid | N/A |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
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 15,000 | Generated | 2015-06-01 | 9.0 months | N/A | PKR 2,938.15 | 46.6% | 30.6% | 13.7% | 0.0% | 2.3% | 0.0% | 67 | - | |
PKR 18,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 4,099.58 | 40.9% | 30.6% | 8.9% | 0.0% | 1.4% | 0.0% | 76 | - | |
PKR 20,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 4,451.98 | 39.9% | 30.6% | 8.0% | 0.0% | 1.3% | 0.0% | 78 | - | |
PKR 22,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 4,804.38 | 39.0% | 30.6% | 7.2% | 0.0% | 1.2% | 0.0% | 79 | - | |
PKR 24,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 5,156.78 | 38.3% | 30.6% | 6.6% | 0.0% | 1.1% | 0.0% | 81 | - | |
PKR 25,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 5,332.98 | 38.0% | 30.6% | 6.3% | 0.0% | 1.1% | 0.0% | 82 | - | |
PKR 30,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 6,445.97 | 38.3% | 30.6% | 6.6% | 0.0% | 1.1% | 0.0% | 81 | - | |
PKR 40,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 8,207.96 | 36.3% | 30.6% | 4.9% | 0.0% | 0.8% | 0.0% | 85 | - |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | MWK 8,000 | MWK 9,000 | MWK 17,000 | MWK 30,000 | |||
Loan Cycle (1, 2, 3, etc) | 1 | 9 | 7 | 1 | |||
Disbursement Date | 2012-09-18 | 2012-04-13 | 2012-09-07 | 2012-08-08 | |||
Loan Term (Months) | 3.0 months | 3.0 months | 3.0 months | 3.1 months | |||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||
Total Cost of Credit | MWK 1,300 | MWK 1,395 | MWK 2,762.50 | MWK 4,875 | |||
True Price by Comp | |||||||
Interest price component | 64.8% | 60.6% | 64.8% | 64.1% | |||
Fee Component | 18.7% | 18.8% | 18.7% | 18.5% | |||
Insurance Component | 12.9% | 12.8% | 12.9% | 12.7% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 212.0% | 206.0% | 212.0% | 209.0% | |||
Full APR (int fee ins tax dep) | 308.4% | 298.2% | 308.4% | 304.3% | |||
Transparency Index | 12 | 12 | 12 | 12 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Key Statistics | |
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# 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 |
Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
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