Number borrowers | 5,514 |
Loan Amount (range) | PKR 20,000 - 150,000 |
Loan Term (range) | 12 - 36 |
Other Services (text summary) | |
Annual Interest & Method | 35.5%-38.0% annual, Decl Bal |
Fees | 3.00% upfront |
Insurance | None |
Tax | None |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | 33.9% - 35.4% |
Fee Component | 3.6% - 6.3% |
Insurance Component | 0 |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 39.5% - 41.3% |
Transparency Index (min/max) | 86 - 92 |
Transparency Index (average) | 87 |
1,478 |
USD 100 - 30,000 |
6 - 36 |
14.4% annual, Decl Bal |
0.40% upfront |
None |
None |
5.00 ongoing |
N/A |
14.0% - 14.6% (Int+Fee) |
0 - 1.1% |
0 |
15.3% - 16.1% |
0 - N/A |
91 |
Outstanding portfolio (PKR) | PKR 192,204,481 |
Portfolio (USD) | USD 1,887,448 |
Active Clients with Loans | 5,514 |
Approximate % Female Clients | 0% - 20% |
Approximate % Urban Clients | 80% - 100% |
Individual | x |
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 | x |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | 5 |
# Regions for this product | 5 |
Regions Active | Balochistan, Islambad Capital Territory, Khyber Pakhtunkwa, Punjab, Sindh |
Outstanding portfolio (USD) | USD 3,555,876 |
Portfolio (USD) | USD 3,555,876 |
Active Clients with Loans | 1,478 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 60% - 80% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | x |
Income generation | |
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 | x |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Currency | PKR |
Minimum loan size | PKR 20,000 |
Maximum loan size | 150,000 |
Loans less than PKR 10,000 | 0 |
PKR 10,000-25,000 | 5% |
PKR 25,000-50,000 | 40% |
PKR 50,000-75,000 | 50% |
PKR 75,000-150,000 | 5% |
Greater than PKR 150,000 | 5% |
Shortest loan term | 12.0 months |
Longest loan term | 36.0 months |
Approx average | DK |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 90% |
Between 13 and 18 months | 10% |
Longer than 18 months | 0 |
Grace period usage | 0 |
Average grace period | 0 |
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 |
Currency | USD |
Minimum loan size | USD 100 |
Maximum loan size | 30,000 |
Shortest loan term | 6.0 months |
Longest loan term | 36.0 months |
Approx average | 24.0 months |
Grace period usage | 0 |
Average grace period | 0 |
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 | 35.50% |
Highest quoted nominal interest | 38.00% |
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 | Loan Processing Fees |
% of loan amount - min | 3.00% |
% of loan amount - max | 3.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Processing fees also includes Life Insurance facility for the customers. |
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 | 14.42% |
Highest quoted nominal interest | 14.42% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Seguro de Desgravamen |
% of loan amount - min | 0.40% |
% of loan amount - max | 0.40% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | |
Appears on Repayment Sched? | Yes |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | Yes |
Do borrowers control deposit in their group? |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | USD 5 |
Conditions on access to deposit | End Term |
Minimum interest rate paid | 2.00% |
Maximum interest rate paid | 2.00% |
Interest payment frequency | Monthly |
Are taxes charged on this product? | No |
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 40,000 | Real | 2015-03-31 | 12.3 months | N/A | PKR 9,494 | 39.6% | 33.9% | 5.7% | 0.0% | 0.0% | 0.0% | 90 | ||
PKR 40,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 8,915.98 | 41.3% | 35.0% | 6.3% | 0.0% | 0.0% | 0.0% | 86 | - | |
PKR 50,000 | Real | 2015-04-17 | 12.0 months | N/A | PKR 11,798 | 41.3% | 35.4% | 5.9% | 0.0% | 0.0% | 0.0% | 86 | ||
PKR 50,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 11,144.98 | 41.3% | 35.0% | 6.3% | 0.0% | 0.0% | 0.0% | 86 | - | |
PKR 25,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 5,572.49 | 41.3% | 35.0% | 6.3% | 0.0% | 0.0% | 0.0% | 86 | - | |
PKR 40,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 8,915.98 | 41.3% | 35.0% | 6.3% | 0.0% | 0.0% | 0.0% | 86 | - | |
PKR 50,000 | Generated | 2015-06-01 | 18.0 months | N/A | PKR 15,594.63 | 39.5% | 35.0% | 4.5% | 0.0% | 0.0% | 0.0% | 90 | - | |
PKR 60,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 13,373.97 | 41.3% | 35.0% | 6.3% | 0.0% | 0.0% | 0.0% | 86 | - | |
PKR 70,000 | Generated | 2015-06-01 | 18.0 months | N/A | PKR 21,832.49 | 39.5% | 35.0% | 4.5% | 0.0% | 0.0% | 0.0% | 90 | - | |
PKR 75,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 16,717.47 | 41.3% | 35.0% | 6.3% | 0.0% | 0.0% | 0.0% | 86 | - |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | USD 1,000 | USD 8,000 | USD 12,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2010-08-05 | 2010-09-03 | 2010-07-28 | ||
Loan Term (Months) | 10.0 months | 33.0 months | 36.0 months | ||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
Total Cost of Credit | Not Known | Not Known | Not Known | ||
True Price by Comp | |||||
Interest and Fee Component | 14.6% | 14.6% | 14.0% | ||
Insurance Component | 0.9% | 1.0% | 1.0% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 0.5% | 0.5% | 0.3% | ||
Full APR (int fee ins tax dep) | 16.1% | 16.1% | 15.3% | ||
Transparency Index | 90 | 90 | 94 | ||
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 Inst Type | ||||||
By Country | ||||||
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