Number borrowers | 191,998 |
Loan Amount (range) | PKR 15,000 - 70,000 |
Loan Term (range) | 12 |
Other Services (text summary) | |
Annual Interest & Method | 28.0% annual, Decl Bal |
Fees | 400.00 upfront |
Insurance | 100.00 upfront |
Tax | None |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | 27.7% - 27.8% |
Fee Component | 0.9% - 7.1% |
Insurance Component | 0.2% - 1.8% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 29.1% - 32.6% |
Transparency Index (min/max) | 76 - 97 |
Transparency Index (average) | 91 |
212,667 |
INR 6,000 - 35,000 |
12 - 24 |
Credit Educ, Group Mtgs, Credit Ins, Financial Literacy training, Life Insurance |
24.0%-25.0% annual, Decl Bal |
1.00% upfront |
120.00-200.00 upfront |
12.36% fees |
N/A |
23.3% - 26.9% |
0 - 1.9% |
0 - 6.8% |
0 - 0.3% |
26.7% - 29.3% |
69 - 103 |
86 |
Outstanding portfolio (PKR) | PKR 2,857,472,008 |
Portfolio (USD) | USD 28,060,375.12 |
Active Clients with Loans | 191,998 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 0 |
Individual | |
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 | |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services | x |
Men | x |
Women | x |
Must run a business | |
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 | 4 |
Regions Active | Azad Kashmir, Islambad Capital Territory, Punjab, Sindh |
Outstanding portfolio (INR) | INR 2,035,260,536 |
Portfolio (USD) | USD 38,401,142.19 |
Active Clients with Loans | 212,667 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 80% - 100% |
Individual | |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | |
Mortgage/housing | x |
Consumer loan | x |
Agriculture | |
Education | x |
Other household finance | x |
Other | |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | |
Other | Financial Literacy training |
Other (2) | Life Insurance |
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 | |
Household income <120,000 INR | x |
Must live in rural area | |
Must lives in urban area | |
Other | |
Other (2) |
# Regions for this institution | 20 |
# Regions for this product | 20 |
Regions Active | Assam, Bihar, Goa, Gujarat, HaryanaJharkhand, Karnataka, Kerala, Maharashtra, Meghalaya, OrissaPunjab, Rajasthan, Tamil Nadu, Uttar Pradesh, Uttarakhand, West Bengal, Chandigarh, National Capital Territory of Delhi, Puducherry |
Currency | PKR |
Minimum loan size | PKR 15,000 |
Maximum loan size | 70,000 |
Loans less than PKR 10,000 | 0 |
PKR 10,000-25,000 | 20% |
PKR 25,000-50,000 | 60% |
PKR 50,000-75,000 | 20% |
PKR 75,000-150,000 | 0 |
Greater than PKR 150,000 | 0 |
Shortest loan term | 12.0 months |
Longest loan term | 12.0 months |
Approx average | 12.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 100% |
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 | 1 |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Currency | INR |
Minimum loan size | INR 6,000 |
Maximum loan size | 35,000 |
Loans less than INR 5,000 | 0 |
INR 5,000-15,000 | 70% |
INR 15,000-25,000 | 30% |
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 | 24.0 months |
Approx average | 16.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 70% |
Between 13 and 18 months | 30% |
Longer than 18 months | 0 |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | x |
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 | 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/Documentation Charges |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 400 |
Fixed amount - max | 400 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Insurance Charges |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 100 |
Fixed amount - max | 100 |
Reason for variation | N/A |
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? | No |
Lowest quoted nominal interest | 24.00% |
Highest quoted nominal interest | 25.00% |
Reason(s) why interest rate varies | Time as Client |
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 Life Insurance |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 120 |
Fixed amount - max | 200 |
Reason for variation | Insurance covers customer and spouse up to Rs.35,000. It is on annual basis. |
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 | 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 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 | ||
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 | - | |
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 | ||
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 | - | |
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 | - | |
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 | - | |
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 | - | |
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 | - | |
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 | - | |
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 | - |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | INR 10,000 | INR 22,000 | INR 30,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2012-12-19 | 2012-12-19 | 2012-12-19 | ||
Loan Term (Months) | 12.0 months | 25.0 months | 25.0 months | ||
Grace Period (Months) | 0.1 months | 1.0 month | 0.8 months | ||
Total Cost of Credit | INR 1,641.36 | INR 4,912 | INR 6,621.08 | ||
True Price by Comp | |||||
Interest price component | 24.8% | 23.7% | 23.7% | ||
Fee Component | 1.9% | 1.4% | 1.4% | ||
Insurance Component | 2.4% | 2.0% | 1.5% | ||
Tax Component | 0.2% | 0.2% | 0.1% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 29.3% | 27.3% | 26.7% | ||
MFIN MFI Earning (Annualised) | 26.7% | 25.1% | 25.1% | ||
MFIN Cost to Borrower (Annualised) | 29.3% | 27.3% | 26.7% | ||
Transparency Index | 82 | 88 | 90 | ||
MFIN Transparency Index | 97 | 100 | 100 | ||
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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