| Institution Type | Bank |
| Is this institution regulated? | Yes |
| Website address | http://www.khushhalibank.com.pk |
| Year established | 2000 |
| Head of Institution | Muhammad Ghalib Nishtar |
| Regions active | Azad Kashmir, Balochistan, Islambad Capital Territory, Khyber Pakhtunkwa, Punjab, Sindh |
| # Branches | 118 |
| Total Portfolio (nat'l) | PKR 12,225,321,747 |
| Total Portfolio (USD) | USD 120,052,659.60 |
| Active clients with loans | 468,369 |
| Approximate % female clients | 20% - 40% |
| Approximate % urban clients | 0% - 20% |
| Network affiliations | Pakistan Microfinance Network |
| Funders |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Khushhali Karza - Bullet (Group Based Lending) | PKR 15,000 - 50,000 | 3 - 12 | 20% - 40% | 0% - 20% | Business, Agriculture | Women, Men, Have business | Group Mtgs, Credit Ins | |||||||
| Khushhali Karza - EMI (Group Based Lending) | PKR 15,000 - 50,000 | 3 - 12 | 20% - 40% | 40% - 60% | Business, Agriculture | Women, Men, Have business | Group Mtgs, Credit Ins | |||||||
| Khushhali Cash Sahulat Gold-Bullet | PKR 25,000 - 150,000 | 3 - 12 | 0% - 20% | 20% - 40% | Business | Women, Men, Have business | Credit Ins | |||||||
| Khushhali Cash Sahulat Land-Bullet | PKR 25,000 - 150,000 | 3 - 12 | 0% - 20% | 0% | Business, Agriculture | Women, Men, Have business | Credit Ins | |||||||
| Sarsabz Karobar Bullet | PKR 25,000 - 150,000 | 3 - 6 | 0% - 20% | 20% - 40% | Business, Agriculture | Women, Men, Have business | Credit Ins |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Khushhali Karza - Bullet (Group Based Lending) | 31.0% annual, Decl Bal | 1 Fee | 0 Ins | 16.00% fees | N/A | 29.6% - 36% | 30% - 37.4% | 92 | ||||||||
| Khushhali Karza - EMI (Group Based Lending) | 31.0% annual, Decl Bal | 1 Fee | 0 Ins | 16.00% fees | N/A | 35.5% - 44.3% | 36.3% - 46.6% | 78 | ||||||||
| Khushhali Cash Sahulat Gold-Bullet | 28.0% annual, Decl Bal | 1 Fee | 0 Ins | 16.00% fees | N/A | 26.3% - 31% | 26.5% - 31.9% | 97 | ||||||||
| Khushhali Cash Sahulat Land-Bullet | 25.0% annual, Decl Bal | 1 Fee | 0 Ins | 16.00% fees | N/A | 23.4% - 28.5% | 23.5% - 29.4% | 97 | ||||||||
| Sarsabz Karobar Bullet | 25.0% annual, Decl Bal | 1 Fee | 0 Ins | 16.00% fees | N/A | 24.9% - 29.1% | 25.1% - 30% | 95 |
| Outstanding portfolio (INR) | INR 809,097,517 |
| Portfolio (USD) | USD 15,265,990.89 |
| Active Clients with Loans | 87,428 |
| Approximate % Female Clients | 100% |
| Approximate % Urban Clients | 100% |
| 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 | |
| Other training | |
| Other | |
| Other (2) | |
| No other services |
| Men | |
| Women | x |
| Must run a business | x |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | x |
| Household income <60,000 INR | |
| Household income <120,000 INR | x |
| Must live in rural area | |
| Must lives in urban area | x |
| Other | |
| Other (2) |
| # Regions for this institution | 2 |
| # Regions for this product | 2 |
| Regions Active | Gujarat, Maharashtra |
| Currency | INR |
| Minimum loan size | INR 8,000 |
| Maximum loan size | 34,000 |
| Loans less than INR 5,000 | 0 |
| INR 5,000-15,000 | 50% |
| INR 15,000-25,000 | 40% |
| INR 25,000-35,000 | 10% |
| INR 35,000-45,000 | 0 |
| Greater than INR 45,000 | 0 |
| Shortest loan term | 24.0 months |
| Longest loan term | 24.0 months |
| Approx average | 24.0 months |
| Loans 3 months or less | 0 |
| 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 | 100% |
| Grace period usage | 100% |
| Average grace period | 1.0 month |
| 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 | 26.00% |
| Highest quoted nominal interest | 26.00% |
| Reason(s) why interest rate varies | Branch |
| 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 | Credit Insurance |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 74.72 |
| Fixed amount - max | 317.56 |
| Reason for variation | Rs 4.67 for every Rs 1000 for a year. |
| 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 |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | INR 10,000 | INR 20,000 | INR 30,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2012-10-29 | 2012-10-27 | 2012-10-30 | ||
| Loan Term (Months) | 25.0 months | 25.0 months | 25.0 months | ||
| Grace Period (Months) | 0.6 months | 0.5 months | 0.5 months | ||
| Total Cost of Credit | INR 3,270.76 | INR 6,472.52 | INR 9,699.28 | ||
| True Price by Comp | |||||
| Interest price component | 25.8% | 25.8% | 25.8% | ||
| Fee Component | 1.1% | 1.1% | 1.0% | ||
| Insurance Component | 0.9% | 0.9% | 1.0% | ||
| Tax Component | 0.2% | 0.2% | 0.1% | ||
| Deposit Component | 0.0% | 0.0% | 0.0% | ||
| Full APR (int fee ins tax dep) | 28.0% | 28.0% | 27.9% | ||
| MFIN MFI Earning (Annualised) | 26.9% | 26.9% | 26.8% | ||
| MFIN Cost to Borrower (Annualised) | 28.0% | 28.0% | 27.9% | ||
| Transparency Index | 93 | 93 | 93 | ||
| MFIN Transparency Index | 100 | 100 | 100 | ||
| 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 |
| Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
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