2. POMFB
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. RML
Please note that the information you are viewing is 140 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Pak Oman Microfinance Bank Limited 2nd Floor, Tower "C", Finance and Trade Centre (FTC), Shahra-e-FaisalKarachi, Sindh
Data approved: 2015-05-11
Data version: 2
Age of data: 111 months
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Institution

Rwanda Microfinance Limited Head OfficeKigaliPO Box 6839
Data approved: 2012-08-10
Data version: 2
Age of data: 140 months
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Product

Micro Enterprise Loan Product 1 of 6 « Prev | Next »

Product

Salary Loan Product 2 of 3 « Prev | Next »

Product Summary

Number borrowers5,514
Loan Amount (range)PKR 20,000 - 150,000
Loan Term (range)12 - 36
Other Services (text summary)
Annual Interest & Method35.5%-38.0% annual, Decl Bal
Fees3.00% upfront
InsuranceNone
TaxNone
Comp DepN/A
Range of pricing 
Interest Price Component33.9% - 35.4%
Fee Component3.6% - 6.3%
Insurance Component0
Tax Component Range0
Full APR (int fee ins tax dep)39.5% - 41.3%
Transparency Index (min/max)86 - 92
Transparency Index (average)87

Product Summary

957
RWF 100,000 - 5,000,000
6 - 12
Credit Educ, Group Mtgs, Credit Ins
48.00%-60.00% annual, Decl Bal
2 fees
1.50% upfront
None
N/A
 
47.0% - 58.6%
5.6% - 10.6%
2.1% - 4.7%
0
55.3% - 71.4%
47 - 87
75

Product Details

Key Statistics
Outstanding portfolio (PKR)PKR 192,204,481
Portfolio (USD)USD 1,887,448
Active Clients with Loans5,514
Approximate % Female Clients0% - 20%
Approximate % Urban Clients80% - 100%
Methodology
Individualx
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 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 businessx
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 institution5
# Regions for this product5
Regions ActiveBalochistan, Islambad Capital Territory, Khyber Pakhtunkwa, Punjab, Sindh

Product Details

Key Statistics
Outstanding portfolio (RWF)RWF 534,473,298
Portfolio (USD)USD 835,114.53
Active Clients with Loans957
Approximate % Female Clients40% - 60%
Approximate % Urban Clients80% - 100%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Loan given to salaried employees of reputable companies either through corporate MoU or via post-dated cheques.
Loan Purpose
Any purposex
Income generation
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
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a business
Must own a home or land
Must be a salaried workerx
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution3
# Regions for this product3
Regions ActiveMuhanga, Musanze, Nyarugenge

Loan Conditions

Loan Amount
CurrencyPKR
Minimum loan sizePKR 20,000
Maximum loan size150,000
Distribution at Disbursement (Est.)
Loans less than PKR 10,0000
PKR 10,000-25,0005%
PKR 25,000-50,00040%
PKR 50,000-75,00050%
PKR 75,000-150,0005%
Greater than PKR 150,0005%
Loan Term and Grace Period
Shortest loan term12.0 months
Longest loan term36.0 months
Approx averageDK
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months90%
Between 13 and 18 months10%
Longer than 18 months0
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

Loan Conditions

Loan Amount
CurrencyRWF
Minimum loan sizeRWF 100,000
Maximum loan size5,000,000
Distribution at Disbursement (Est.)
Loans less than RWF 500,00015%
RWF 500,000-1,500,00015%
RWF 1,500,000-2,500,00020%
RWF 2,500,000-3,500,00020%
RWF 3,500,000-4,500,00015%
Greater than RWF 4,500,00015%
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term12.0 months
Approx average8.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months50%
Between 10 and 12 months50%
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
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest35.50%
Highest quoted nominal interest38.00%
Reason(s) why interest rate variesTime as Client
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionLoan Processing Fees
% of loan amount - min3.00%
% of loan amount - max3.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationProcessing fees also includes Life Insurance facility for the customers.
Appears on Repayment Sched?Yes
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 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
All fees including processing fees and markup rates has been written on the contract which has duly signed by the borrowers.

Pricing Information

Interest
Lowest quoted nominal interest4.00%
Highest quoted nominal interest5.00%
Reason(s) why interest rate variesTime as Client
Interest rate periodMonthly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionAdministration FeeNotification Fee
% of loan amount - min3.00%0
% of loan amount - max3.00%0
OR, Fixed amount - min08,000
Fixed amount - max08,000
Reason for variationN/AFor Loans above RWF 1,000,000
Appears on Repayment Sched?NoNo
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionCredit Insurance
% of loan amount - min1.50%
% of loan amount - max1.50%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationCovers loss of life and permanent total disability
Appears on Repayment Sched?No
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

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

Full Pricing Data

Salary Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountRWF 110,000RWF 270,000RWF 500,000RWF 1,050,000RWF 1,874,282.72RWF 2,800,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2012-08-082012-07-262012-09-052012-06-222012-07-252012-09-25
Loan Term (Months)12.0 months9.0 months9.0 months10.0 months15.0 months9.0 months
Grace Period (Months)0.3 months-0.3 months-0.1 months0.4 months0.2 months0.0 months
Total Cost of CreditRWF 36,976.04RWF 65,050RWF 150,425.56RWF 365,929.29RWF 766,421.03RWF 874,328.47
True Price by Comp           
Interest price component47.0%47.1%58.6%54.7%47.1%58.6%
Fee Component5.9%8.3%8.2%8.4%5.6%8.7%
Insurance Component3.0%4.3%4.2%3.5%2.6%4.1%
Tax Component0.0%0.0%0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)55.9%59.7%71.0%66.6%55.3%71.4%
Transparency Index868068728767
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF
Micro Enterprise Loan Price Graphs


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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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