Number borrowers | 2,074 |
Loan Amount (range) | PKR 10,000 - 40,000 |
Loan Term (range) | 12 - 24 |
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) | 38.6% - 41.3% |
Transparency Index (min/max) | 86 - 92 |
Transparency Index (average) | 87 |
500 |
USD 600 - 8,000 |
12 - 36 |
Credit Ins |
15.2% annual, Decl Bal |
1.20% ongoing |
None |
None |
1.5% upfront |
N/A |
15.4% - 16.1% (Int+Fee) |
-1.3% - 3.0% |
0 |
16.4% - 16.5% |
76 - 100 |
92 |
Outstanding portfolio (PKR) | PKR 47,848,616 |
Portfolio (USD) | USD 469,873.41 |
Active Clients with Loans | 2,074 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 40% - 60% |
Individual | |
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 22,845,920 |
Portfolio (USD) | USD 22,845,920 |
Active Clients with Loans | 500 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 80% - 100% |
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 | x |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services |
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 | x |
Other | |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Currency | PKR |
Minimum loan size | PKR 10,000 |
Maximum loan size | 40,000 |
Loans less than PKR 10,000 | 0 |
PKR 10,000-25,000 | 40% |
PKR 25,000-50,000 | 60% |
PKR 50,000-75,000 | 0 |
PKR 75,000-150,000 | 0 |
Greater than PKR 150,000 | 0 |
Shortest loan term | 12.0 months |
Longest loan term | 24.0 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 | 5% |
Longer than 18 months | 5% |
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 600 |
Maximum loan size | 8,000 |
Shortest loan term | 12.0 months |
Longest loan term | 36.0 months |
Approx average | 36.0 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 | 15.15% |
Highest quoted nominal interest | 15.15% |
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 | 1.20% |
% of loan amount - max | 1.20% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | |
Do borrowers control deposit in their group? |
% loan amount deposited | 1.50% |
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 | 2.00% |
Maximum interest rate paid | 3.00% |
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 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 | - | |
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 | - | |
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 | - | |
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 | - | |
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 | - | |
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 | - | |
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 | - | |
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 | - |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | USD 1,000 | USD 2,100 | USD 4,000 | USD 8,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2010-09-13 | 2010-09-10 | 2010-09-09 | 2010-09-13 | |||
Loan Term (Months) | 21.0 months | 36.0 months | 36.0 months | 36.0 months | |||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||
Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | |||
True Price by Comp | |||||||
Interest and Fee Component | 15.4% | 16.1% | 15.4% | 16.1% | |||
Insurance Component | 0.7% | 0.0% | 0.7% | 0.0% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 0.4% | 0.4% | 0.4% | 0.4% | |||
Full APR (int fee ins tax dep) | 16.5% | 16.4% | 16.5% | 16.5% | |||
Transparency Index | 92 | 92 | 92 | 92 | |||
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 Country | ||||||
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