Number borrowers | 1,197 |
Loan Amount (range) | PKR 25,000 - 150,000 |
Loan Term (range) | 3 - 6 |
Other Services (text summary) | Credit Ins |
Annual Interest & Method | 25.0% 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) | 25.1% - 30.0% |
Transparency Index (min/max) | 67 - 100 |
Transparency Index (average) | 95 |
4,971 |
INR 2,950 - 2,950 |
12 - 12.1 |
Credit Educ, Group Mtgs, Credit Ins, Jagruthi- Client Education Series, Socio-Economic Development Workshop |
24.0% annual, Decl Bal |
1.00% upfront |
49.00 upfront |
12.36% fees |
N/A |
21.8% - 34.0% |
1.1% - 11.6% |
0 - 16.6% |
0.1% - 1.5% |
27.4% |
51 - 92 |
87 |
Outstanding portfolio (PKR) | PKR 126,658,375 |
Portfolio (USD) | USD 1,243,785.24 |
Active Clients with Loans | 1,197 |
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 | 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 (INR) | INR 10,912,006.94 |
Portfolio (USD) | USD 205,886.92 |
Active Clients with Loans | 4,971 |
Approximate % Female Clients | 100% |
Approximate % Urban Clients | 20% - 40% |
Individual | |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | |
Mortgage/housing | |
Consumer loan | x |
Agriculture | |
Education | |
Other household finance | |
Other | To Purchase Water Purifier |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | |
Other | Jagruthi- Client Education Series |
Other (2) | Socio-Economic Development Workshop |
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 | x |
Household income <120,000 INR | x |
Must live in rural area | |
Must lives in urban area | |
Other | |
Other (2) |
# Regions for this institution | 3 |
# Regions for this product | 1 |
Regions Active | Karnataka |
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 | 10% |
PKR 50,000-75,000 | 10% |
PKR 75,000-150,000 | 80% |
Greater than PKR 150,000 | 80% |
Shortest loan term | 3.0 months |
Longest loan term | 6.0 months |
Approx average | 0 |
Loans 3 months or less | 0 |
Between 4 and 6 months | 100% |
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 | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | x |
Irregular payments |
Currency | INR |
Minimum loan size | INR 2,950 |
Maximum loan size | 2,950 |
Loans less than INR 5,000 | 100% |
INR 5,000-15,000 | 0 |
INR 15,000-25,000 | 0 |
INR 25,000-35,000 | 0 |
INR 35,000-45,000 | 0 |
Greater than INR 45,000 | 0 |
Shortest loan term | 12.0 months |
Longest loan term | 12.1 months |
Approx average | 12.1 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 100% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 100% |
Average grace period | 0.2 months |
Daily | |
Weekly | x |
Every 2 weeks | x |
Every 4 weeks | x |
Monthly | |
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 | Processeng 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 = PKR 800 , Loan > PKR 30,000 = PKR 1000 |
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 | 24.00% |
Highest quoted nominal interest | 24.00% |
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 | 1.00% |
% of loan amount - max | 1.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Insurance Fees |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 49 |
Fixed amount - max | 49 |
Reason for variation | Insurance is compulsory only for member. |
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 | 12.4% |
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 30,000 | Generated | 2015-06-01 | 5.9 months | N/A | PKR 4,626.63 | 30.0% | 23.6% | 5.5% | 0.0% | 0.9% | 0.0% | 83 | - | |
PKR 60,000 | Generated | 2015-06-01 | 5.9 months | N/A | PKR 8,325.26 | 26.7% | 23.6% | 2.7% | 0.0% | 0.4% | 0.0% | 93 | - | |
PKR 75,000 | Generated | 2015-06-01 | 5.9 months | N/A | PKR 10,174.58 | 26.1% | 23.6% | 2.2% | 0.0% | 0.3% | 0.0% | 96 | - | |
PKR 80,000 | Generated | 2015-06-01 | 5.9 months | N/A | PKR 10,791.01 | 26.0% | 23.6% | 2.0% | 0.0% | 0.4% | 0.0% | 96 | - | |
PKR 85,000 | Generated | 2015-06-01 | 5.9 months | N/A | PKR 11,407.45 | 25.8% | 23.6% | 1.9% | 0.0% | 0.3% | 0.0% | 97 | - | |
PKR 95,000 | Generated | 2015-06-01 | 5.9 months | N/A | PKR 12,640.33 | 25.6% | 23.6% | 1.7% | 0.0% | 0.3% | 0.0% | 98 | - | |
PKR 100,000 | Generated | 2015-06-01 | 5.9 months | N/A | PKR 13,256.77 | 25.5% | 23.6% | 1.6% | 0.0% | 0.3% | 0.0% | 98 | - | |
PKR 125,000 | Generated | 2015-06-01 | 5.9 months | N/A | PKR 16,338.96 | 25.1% | 23.6% | 1.3% | 0.0% | 0.2% | 0.0% | 100 | - |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | INR 2,950 | INR 2,950 | INR 2,950 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-04-19 | 2013-04-19 | 2013-04-26 | ||
Loan Term (Months) | 12.0 months | 12.0 months | 12.0 months | ||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
Total Cost of Credit | INR 423.15 | INR 423.15 | INR 423.15 | ||
True Price by Comp | |||||
Interest price component | 24.0% | 24.0% | 24.0% | ||
Fee Component | 2.1% | 2.1% | 2.1% | ||
Insurance Component | 1.1% | 1.1% | 1.1% | ||
Tax Component | 0.2% | 0.2% | 0.2% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 27.4% | 27.4% | 27.4% | ||
MFIN MFI Earning (Annualised) | 26.1% | 26.1% | 26.1% | ||
MFIN Cost to Borrower (Annualised) | 27.4% | 27.4% | 27.4% | ||
Transparency Index | 87 | 87 | 87 | ||
MFIN Transparency Index | 100 | 100 | 100 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Key Statistics | |
---|---|
# 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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