Number borrowers | 2,583 |
Loan Amount (range) | PKR 25,000 - 150,000 |
Loan Term (range) | 3 - 12 |
Other Services (text summary) | Credit Ins |
Annual Interest & Method | 25.0% 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) | 23.5% - 29.4% |
Transparency Index (min/max) | 67 - 100 |
Transparency Index (average) | 97 |
34,795 |
MWK 140,000 - 2,800,000 |
4 - 9 |
Credit Educ, Group Mtgs, Credit Ins, Business Training |
48.75% annual, Flat |
3.50% upfront |
None |
None |
15.00% upfront |
31.6% - 67.3% |
2.0% - 47.8% |
0 - 3.7% |
0 |
90.5% - 94.1% |
29 - 130 |
52 |
Outstanding portfolio (PKR) | PKR 282,532,113 |
Portfolio (USD) | USD 2,774,465.35 |
Active Clients with Loans | 2,583 |
Approximate % Female Clients | 0% - 20% |
Approximate % Urban Clients | 0 |
Individual | x |
Solidarity group | |
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 | |
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 635,069,330 |
Portfolio (USD) | USD 1,628,382.90 |
Active Clients with Loans | 34,795 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 20% - 40% |
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 | x |
Credit insurance | x |
Workplace visits | |
Business training | x |
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 | 16 |
# Regions for this product | 18 |
Regions Active | Dedza, Dowa, Kasungu, Lilongwe, Mchinji, Nkhotakota, Salima, ChitipaKaronga, Mzimba, Nkhata Bay, Rumphi, Blantyre, ChikwawaMangochi, Nsanje, Thyolo, Zomba |
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 | 10.0 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 | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | x |
Irregular payments |
Currency | MWK |
Minimum loan size | MWK 140,000 |
Maximum loan size | 2,800,000 |
Loans less than MWK 50,000 | 0 |
MWK 50,000-150,000 | 5% |
MWK 150,000-250,000 | 30% |
MWK 250,000-350,000 | 30% |
MWK 350,000-450,000 | 15% |
Greater than MWK 450,000 | 15% |
Shortest loan term | 4.0 months |
Longest loan term | 9.0 months |
Approx average | 6.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 50% |
Between 7 and 9 months | 50% |
Between 10 and 12 months | 0 |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 30% |
Average grace period | 1.0 month |
Daily | |
Weekly | |
Every 2 weeks | x |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 25.00% |
Highest quoted nominal interest | 25.00% |
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? | Yes |
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 | 3.75% |
Highest quoted nominal interest | 3.75% |
Interest rate period | 4 Weeks |
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 | 3.50% |
% of loan amount - max | 3.50% |
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? | No |
Do borrowers control deposit in their group? | No |
% loan amount deposited | 15.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | End Term |
Minimum interest rate paid | 7.00% |
Maximum interest rate paid | 7.00% |
Interest payment frequency | Monthly |
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 25,000 | Generated | 2015-06-01 | 8.9 months | N/A | PKR 5,783.29 | 29.4% | 22.9% | 5.6% | 0.0% | 0.9% | 0.0% | 85 | - | |
PKR 30,000 | Generated | 2015-06-01 | 11.8 months | N/A | PKR 8,557.26 | 26.4% | 22.4% | 3.4% | 0.0% | 0.6% | 0.0% | 95 | - | |
PKR 50,000 | Generated | 2015-06-01 | 11.8 months | N/A | PKR 13,488.77 | 24.7% | 22.4% | 2.0% | 0.0% | 0.3% | 0.0% | 100 | - | |
PKR 55,000 | Generated | 2015-06-01 | 11.8 months | N/A | PKR 14,721.64 | 24.5% | 22.4% | 1.8% | 0.0% | 0.3% | 0.0% | 100 | - | |
PKR 60,000 | Generated | 2015-06-01 | 11.8 months | N/A | PKR 15,954.52 | 24.3% | 22.4% | 1.7% | 0.0% | 0.2% | 0.0% | 100 | - | |
PKR 65,000 | Generated | 2015-06-01 | 11.8 months | N/A | PKR 17,187.40 | 24.2% | 22.4% | 1.5% | 0.0% | 0.3% | 0.0% | 100 | - | |
PKR 80,000 | Generated | 2015-06-01 | 11.8 months | N/A | PKR 20,886.03 | 23.8% | 22.4% | 1.2% | 0.0% | 0.2% | 0.0% | 100 | - | |
PKR 100,000 | Generated | 2015-06-01 | 11.8 months | N/A | PKR 25,817.53 | 23.5% | 22.4% | 1.0% | 0.0% | 0.1% | 0.0% | 100 | - |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | MWK 170,000 | MWK 230,000 | MWK 390,000 | MWK 830,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2012-11-14 | 2012-10-16 | 2012-10-18 | 2012-10-11 | |||
Loan Term (Months) | 5.9 months | 7.0 months | 9.0 months | 6.0 months | |||
Grace Period (Months) | 0.9 months | 0.9 months | 0.8 months | 1.0 month | |||
Total Cost of Credit | MWK 43,019.75 | MWK 66,687.60 | MWK 140,969.58 | MWK 214,035.80 | |||
True Price by Comp | |||||||
Interest price component | 62.4% | 64.4% | 65.9% | 61.4% | |||
Fee Component | 11.5% | 10.3% | 8.5% | 11.1% | |||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 18.7% | 19.4% | 19.5% | 18.0% | |||
Full APR (int fee ins tax dep) | 92.6% | 94.1% | 93.9% | 90.5% | |||
Transparency Index | 53 | 52 | 52 | 54 | |||
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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By Country | ||||||
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