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Institution
Data approved: 2015-05-11
Data version: 2
Age of data: 113 months
Key Statistics
| 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% |
Methodology
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other | |
Description
The purpose of this loan is to enhance the ongoing micro enterprise.
Loan Purpose
| Any purpose | |
| Income generation | x |
| 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 services | x |
Eligibility
| 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) | |
Portfolio Size by Product
Geographic Coverage
| # Regions for this institution | 5 |
| # Regions for this product | 5 |
| Regions Active | Balochistan, Islambad Capital Territory, Khyber Pakhtunkwa, Punjab, Sindh |
Loan Conditions
Loan Amount
| Currency | PKR |
| Minimum loan size | PKR 20,000 |
| Maximum loan size | 150,000 |
Distribution at Disbursement (Est.)
| 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% |
Loan Term and Grace Period
| Shortest loan term | 12.0 months |
| Longest loan term | 36.0 months |
| Approx average | DK |
Distribution at Disbursement (Est.)
| 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
| Grace period usage | 0 |
| Average grace period | 0 |
Repayment Frequency
| 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 | |
Pricing Information
Interest
| 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 |
Upfront Fees
| 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 |
Ongoing Fees
This product has no ongoing feesUpfront Insurance Fees
This product has no upfront insurance feesOngoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
| Required for | Never |
| Criteria | N/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 deposited | N/A |
| or, Fixed-amount deposited | N/A |
Deposits DURING period payments
| % loan amount deposited | N/A |
| or, Fixed-amount deposited | N/A |
| Conditions on access to deposit | N/A |
Interest Paid on Deposit
| Minimum interest rate paid | N/A |
| Maximum interest rate paid | N/A |
| Interest payment frequency | N/A |
Taxes
| Are taxes charged on this product? | No |
Additional Comments
All fees including processing fees and markup rates has been written on the contract which has duly signed by the borrowers.
Full Pricing Data
Micro Enterprise Loan 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 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 |
PDF |
PDF |
| 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 |
- |
PDF |
| 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 |
PDF |
PDF |
| 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 |
- |
PDF |
| 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 |
- |
PDF |
| 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 |
- |
PDF |
| 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 |
- |
PDF |
| 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 |
- |
PDF |
| 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 |
- |
PDF |
| 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 |
- |
PDF |
Micro Enterprise Loan Price Graphs
