2. NRSP
Please note that the information you are viewing is 111 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. FODEMI
Please note that the information you are viewing is 168 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

NATIONAL RURAL SUPPORT PROGRAM 46, Aga Khan Road, F-6/4Islamabad44000
Data approved: 2015-04-17
Data version: 1
Age of data: 111 months

Institution

Fondo de Desarrollo Microempresarial FODEMI Jaime Rivadeneira 6-88 y Mariano AcostaIbarra, Imbabura10-01-225
Data approved: 2010-11-08
Data version: 1
Age of data: 168 months

Product

Enterprise Development Product 3 of 3 « Prev | Next »

Product

Crédito Banca Comunal Product 1 of 3 « Prev | Next »

Product Summary

Number borrowers191,998
Loan Amount (range)PKR 15,000 - 70,000
Loan Term (range)12
Other Services (text summary)
Annual Interest & Method28.0% annual, Decl Bal
Fees400.00 upfront
Insurance100.00 upfront
TaxNone
Comp DepN/A
Range of pricing 
Interest Price Component27.7% - 27.8%
Fee Component0.9% - 7.1%
Insurance Component0.2% - 1.8%
Tax Component Range0
Full APR (int fee ins tax dep)29.1% - 32.6%
Transparency Index (min/max)76 - 97
Transparency Index (average)91

Product Summary

11,146
USD 50 - 4,000
7 - 24
Credit Educ, Group Mtgs, Credit Ins, Estos servicios no son cancelados por los clientes, los costos son asumidos por la Fundación.
20.6%-22.6% annual, Decl Bal
None
None
None
10.0% upfront
 
N/A
22.3% (Int+Fee)
0
0
26.3% - 26.4%
77 - 85
78

Product Details

Key Statistics
Outstanding portfolio (PKR)PKR 2,857,472,008
Portfolio (USD)USD 28,060,375.12
Active Clients with Loans191,998
Approximate % Female Clients80% - 100%
Approximate % Urban Clients0
Methodology
Individual
Solidarity group
Village banking
Self help group
Other
Description
The loan is provided for working capital for running small businesses, such as grocery, repair shops, micro labour intensive production units such as handicrafts/decoration, services such as computer/internet kiosk etc
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurance
Workplace visits
Business training
Other training
Other
Other (2)
No other servicesx
Eligibility
Menx
Womenx
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution6
# Regions for this product4
Regions ActiveAzad Kashmir, Islambad Capital Territory, Punjab, Sindh

Product Details

Key Statistics
Outstanding portfolio (USD)USD 3,804,737.29
Portfolio (USD)USD 3,804,737.29
Active Clients with Loans11,146
Approximate % Female Clients60% - 80%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity group
Village bankingx
Self help group
Other
Description
El crédito mediante Bancas Comunales, permite acceder a crédito a personas de escasos recursos y de sectores distantes, mismos que no cuentan con bienes que los garanticen en forma individal o grupal.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visits
Business training
Other training
OtherEstos servicios no son cancelados por los clientes, los costos son asumidos por la Fundación.
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
Othermín 7 personas y máx 25 personas de un mismo sector.
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyPKR
Minimum loan sizePKR 15,000
Maximum loan size70,000
Distribution at Disbursement (Est.)
Loans less than PKR 10,0000
PKR 10,000-25,00020%
PKR 25,000-50,00060%
PKR 50,000-75,00020%
PKR 75,000-150,0000
Greater than PKR 150,0000
Loan Term and Grace Period
Shortest loan term12.0 months
Longest loan term12.0 months
Approx average12.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months100%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthly1
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyUSD
Minimum loan sizeUSD 50
Maximum loan size4,000
Loan Term and Grace Period
Shortest loan term7.0 months
Longest loan term24.0 months
Approx average11.2 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest28.00%
Highest quoted nominal interest28.00%
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing/Documentation Charges
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min400
Fixed amount - max400
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsurance Charges
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min100
Fixed amount - max100
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No
Additional Comments
Minimum loan period and loan amount is not Fixed in the policy. The same reported above is actual for the current year.

Pricing Information

Interest
Lowest quoted nominal interest20.55%
Highest quoted nominal interest22.55%
Reason(s) why interest rate variesLoan Size
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?
Do borrowers control deposit in their group?Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited10.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositFinal Pmt
Interest Paid on Deposit
Minimum interest rate paid0
Maximum interest rate paid0
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No
Additional Comments
El ahorro obligatorio es generado por un Fondo de garantía equivalente al 1% del valor del crédito solicitado por el cliente. El mismo que es financiado por la Fundación y se devuelve mediante un abono a la àºltima cuota del crédito.

Full Pricing Data

Enterprise Development samples
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 Real 2014-09-04 12.0 months N/A PKR 4,452 31.7% 27.8% 3.1% 0.8% 0.0% 0.0% 88 PDF PDF
PKR 25,000 Generated 2015-06-01 12.0 months N/A PKR 4,461.99 31.6% 27.7% 3.1% 0.8% 0.0% 0.0% 89 - PDF
PKR 50,000 Real 2014-12-12 12.0 months N/A PKR 8,404 29.7% 27.7% 1.6% 0.4% 0.0% 0.0% 94 PDF PDF
PKR 50,000 Generated 2015-06-01 12.0 months N/A PKR 8,423.97 29.6% 27.7% 1.5% 0.4% 0.0% 0.0% 95 - PDF
PKR 20,000 Generated 2015-06-01 12.0 months N/A PKR 3,669.59 32.6% 27.7% 3.9% 1.0% 0.0% 0.0% 86 - PDF
PKR 30,000 Generated 2015-06-01 12.0 months N/A PKR 5,254.38 30.9% 27.7% 2.6% 0.6% 0.0% 0.0% 91 - PDF
PKR 35,000 Generated 2015-06-01 12.0 months N/A PKR 6,046.78 30.5% 27.7% 2.2% 0.6% 0.0% 0.0% 92 - PDF
PKR 40,000 Generated 2015-06-01 12.0 months N/A PKR 6,839.18 30.1% 27.7% 1.9% 0.5% 0.0% 0.0% 93 - PDF
PKR 45,000 Generated 2015-06-01 12.0 months N/A PKR 7,631.57 29.8% 27.7% 1.7% 0.4% 0.0% 0.0% 94 - PDF
PKR 70,000 Generated 2015-06-01 12.0 months N/A PKR 11,593.56 29.1% 27.7% 1.1% 0.3% 0.0% 0.0% 96 - PDF

Full Pricing Data

Crédito Banca Comunal samples
Sample 1Sample 2Sample 3
Loan AmountUSD 330USD 550USD 550
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2010-05-192010-05-252010-05-25
Loan Term (Months)7.0 months10.0 months10.0 months
Grace Period (Months)0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot Known
True Price by Comp     
Interest and Fee Component22.3%22.3%22.3%
Insurance Component0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%
Deposit Component4.0%4.1%4.1%
Full APR (int fee ins tax dep)26.3%26.4%26.4%
Transparency Index787878
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
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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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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