| Institution Type | Non Bank Financial Institution |
| Is this institution regulated? | Yes |
| Website address | http://www.orixpakistan.com |
| Year established | 1986 |
| Head of Institution | Mr. Teizoon Kisat |
| Regions active | Punjab, Sindh |
| # Branches | 8 |
| Total Portfolio (nat'l) | PKR 357,434,488 |
| Total Portfolio (USD) | USD 3,510,006.67 |
| Active clients with loans | 21,415 |
| Approximate % female clients | 80% - 100% |
| Approximate % urban clients | 20% - 40% |
| Network affiliations | Pakistan Microfinance Network (PMN) |
| Funders | Pakistan Poverty Alleviation Fund (PPAF) |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Microcredit Productive Loans | PKR 20,000 - 50,000 | 12 | 100% | 20% - 40% | Business | Women | ||||||||
| NGO Linkages | PKR 10,000 - 50,000 | 12 | 60% - 80% | 60% - 80% | Business | Women, Men |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Microcredit Productive Loans | 20.0% annual, Flat | 1 Fee | 1 Ins | None | N/A | 38.6% - 40.1% | 39.8% - 41.7% | 49 | ||||||||
| NGO Linkages | 12.0% annual, Flat | 0 Fees | 0 Ins | None | N/A | 21.3% | 21.3% | 56 |
| Outstanding portfolio (MWK) | MWK 731,660,000 |
| Portfolio (USD) | USD 1,876,051.28 |
| Active Clients with Loans | 20,635 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | |
| Solidarity group | x |
| Village banking | x |
| 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 | x |
| Business training | x |
| Other training | x |
| Other | Team work, etc. |
| 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 | 22 |
| # Regions for this product | 26 |
| Regions Active | Dedza, Dowa, Kasungu, Lilongwe, Mchinji, Nkhotakota, Ntcheu, Ntchisi, SalimaKaronga, Mzimba, Nkhata Bay, Rumphi, Balaka, Blantyre, Chikwawa, Chiradzulu, MachingaMangochi, Mulanje, Mwanza, Nsanje, Thyolo, Phalombe, Zomba, Neno |
| Currency | MWK |
| Minimum loan size | MWK 5,000 |
| Maximum loan size | 400,000 |
| Loans less than MWK 50,000 | 50% |
| MWK 50,000-150,000 | 30% |
| MWK 150,000-250,000 | 10% |
| MWK 250,000-350,000 | 5% |
| MWK 350,000-450,000 | 5% |
| Greater than MWK 450,000 | 5% |
| Shortest loan term | 4.0 months |
| Longest loan term | 6.0 months |
| Approx average | 4.0 months |
| 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 | 30% |
| Average grace period | 2.0 months |
| 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 | 7.00% |
| Highest quoted nominal interest | 7.50% |
| Reason(s) why interest rate varies | Based on # of group members. <20 =7.5%pm, >20= 7%pm |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Ins 1 | |
|---|---|
| Description | Insurance Premium |
| % of loan amount - min | 0.50% |
| % of loan amount - max | 0.50% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
| 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 | 10.00% |
| 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 | 0 |
| Maximum interest rate paid | 0 |
| Interest payment frequency | N/A |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | MWK 10,000 | MWK 30,000 | MWK 45,000 | MWK 100,000 | MWK 200,000 | MWK 300,000 | |||||
| Loan Cycle (1, 2, 3, etc) | 1 | 1 | 6 | 7 | 9 | 9 | |||||
| Disbursement Date | 2012-10-23 | 2012-10-24 | 2012-11-28 | 2012-10-19 | 2012-11-29 | 2012-11-30 | |||||
| Loan Term (Months) | 3.7 months | 4.0 months | 4.1 months | 3.9 months | 3.9 months | 4.1 months | |||||
| Grace Period (Months) | 0.0 months | 0.2 months | 0.1 months | 0.2 months | 0.1 months | 0.1 months | |||||
| Total Cost of Credit | MWK 1,809.84 | MWK 5,429.60 | MWK 8,967.16 | MWK 18,098.72 | MWK 36,197.44 | MWK 59,781 | |||||
| True Price by Comp | |||||||||||
| Interest price component | 96.1% | 86.1% | 83.5% | 87.4% | 90.1% | 83.5% | |||||
| Fee Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
| Insurance Component | 3.0% | 2.7% | 2.4% | 2.8% | 2.9% | 2.4% | |||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
| Deposit Component | 19.0% | 16.1% | 14.0% | 16.4% | 17.1% | 14.0% | |||||
| Full APR (int fee ins tax dep) | 118.1% | 104.9% | 99.9% | 106.6% | 110.1% | 99.9% | |||||
| Transparency Index | 71 | 80 | 84 | 79 | 76 | 84 | |||||
| Original Repayment Schedule | |||||||||||
| MFT Pricing Calculation |
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| % 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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