| Number borrowers | 37,616 |
| Loan Amount (range) | PKR 25,000 - 150,000 |
| Loan Term (range) | 3 - 12 |
| Other Services (text summary) | Credit Ins |
| Annual Interest & Method | 28.0% annual, Decl Bal |
| Fees | 1,000.00-2,000.00 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) | 26.5% - 31.9% |
| Transparency Index (min/max) | 67 - 100 |
| Transparency Index (average) | 97 |
| Outstanding portfolio (PKR) | PKR 2,534,889,867 |
| Portfolio (USD) | USD 24,892,618.49 |
| Active Clients with Loans | 37,616 |
| Approximate % Female Clients | 0% - 20% |
| Approximate % Urban Clients | 20% - 40% |
| 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 | |
| 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 | |
| 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 |
| Currency | PKR |
| Minimum loan size | PKR 25,000 |
| Maximum loan size | 150,000 |
| Loans less than PKR 10,000 | 0 |
| PKR 10,000-25,000 | 0 |
| PKR 25,000-50,000 | 30% |
| PKR 50,000-75,000 | 40% |
| PKR 75,000-150,000 | 30% |
| Greater than PKR 150,000 | 30% |
| Shortest loan term | 3.0 months |
| Longest loan term | 12.0 months |
| Approx average | 9.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 20% |
| Between 10 and 12 months | 80% |
| 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 | |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | x |
| Irregular payments |
| Lowest quoted nominal interest | 28.00% |
| Highest quoted nominal interest | 28.00% |
| 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 | 1,000 |
| Fixed amount - max | 2,000 |
| Reason for variation | Loan <PKR 50,000= 1000, > 50,000 and <100,000 = 1500, >100,000 = 2000 |
| 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 |
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 25,000 | Generated | 2015-06-01 | 8.9 months | N/A | PKR 6,338.08 | 31.9% | 25.5% | 5.5% | 0.0% | 0.9% | 0.0% | 88 | - | |
| PKR 30,000 | Generated | 2015-06-01 | 8.9 months | N/A | PKR 7,373.70 | 30.8% | 25.5% | 4.5% | 0.0% | 0.8% | 0.0% | 91 | - | |
| PKR 50,000 | Generated | 2015-06-01 | 11.8 months | N/A | PKR 14,968.22 | 27.1% | 24.7% | 2.1% | 0.0% | 0.3% | 0.0% | 100 | - | |
| PKR 55,000 | Generated | 2015-06-01 | 11.8 months | N/A | PKR 16,929.04 | 28.0% | 24.7% | 2.8% | 0.0% | 0.5% | 0.0% | 100 | - | |
| PKR 65,000 | Generated | 2015-06-01 | 11.8 months | N/A | PKR 19,690.68 | 27.5% | 24.7% | 2.4% | 0.0% | 0.4% | 0.0% | 100 | - | |
| PKR 70,000 | Generated | 2015-06-01 | 11.8 months | N/A | PKR 21,071.51 | 27.3% | 24.7% | 2.2% | 0.0% | 0.4% | 0.0% | 100 | - | |
| PKR 75,000 | Generated | 2015-06-01 | 11.8 months | N/A | PKR 22,452.33 | 27.1% | 24.7% | 2.1% | 0.0% | 0.3% | 0.0% | 100 | - | |
| PKR 100,000 | Generated | 2015-06-01 | 11.8 months | N/A | PKR 29,356.44 | 26.5% | 24.7% | 1.6% | 0.0% | 0.2% | 0.0% | 100 | - | |
| Key Statistics | |
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| # Samples: | |
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| # 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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