2. POMFB
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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: 114 months
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Product

Micro Business Loan Product 2 of 6 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (PKR)PKR 47,848,616
Portfolio (USD)USD 469,873.41
Active Clients with Loans2,074
Approximate % Female Clients20% - 40%
Approximate % Urban Clients40% - 60%
Methodology
Individual
Solidarity group
Village banking
Self help group
Other
Description
MBL are to be extended to individuals for managing their existing business.
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

Loan Conditions

Loan Amount
CurrencyPKR
Minimum loan sizePKR 10,000
Maximum loan size40,000
Distribution at Disbursement (Est.)
Loans less than PKR 10,0000
PKR 10,000-25,00040%
PKR 25,000-50,00060%
PKR 50,000-75,0000
PKR 75,000-150,0000
Greater than PKR 150,0000
Loan Term and Grace Period
Shortest loan term12.0 months
Longest loan term24.0 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 months5%
Longer than 18 months5%
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.

Full Pricing Data

Micro Business 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 10,000 Generated 2015-06-01 12.0 months N/A PKR 2,229 41.3% 35.0% 6.3% 0.0% 0.0% 0.0% 86 - PDF
PKR 15,000 Generated 2015-06-01 12.0 months N/A PKR 3,343.49 41.3% 35.0% 6.3% 0.0% 0.0% 0.0% 86 - PDF
PKR 20,000 Generated 2015-06-01 12.0 months N/A PKR 4,457.99 41.3% 35.0% 6.3% 0.0% 0.0% 0.0% 86 - PDF
PKR 26,000 Generated 2015-06-01 12.0 months N/A PKR 5,795.39 41.3% 35.0% 6.3% 0.0% 0.0% 0.0% 86 - PDF
PKR 30,000 Generated 2015-06-01 18.0 months N/A PKR 9,356.78 39.5% 35.0% 4.5% 0.0% 0.0% 0.0% 90 - PDF
PKR 35,000 Generated 2015-06-01 24.0 months N/A PKR 14,025.33 38.6% 35.0% 3.6% 0.0% 0.0% 0.0% 92 - PDF
PKR 38,000 Generated 2015-06-01 12.0 months N/A PKR 8,470.18 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
Micro Business 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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