Pak Oman Microfinance Bank Limited - Micro Business Loan - MFTransparency.org Truth In Lending Tables

Please note that the information you are viewing is 113 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: 2013-06-24

Data version: 1

Age of data: - months

Download Data

Analyze Data

Product

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

Product Details

Key Statistics

Outstanding portfolio (PKR)	PKR 40,853,859
Portfolio (USD)	USD 416,876.11
Active Clients with Loans	6,004
Approximate % Female Clients	20% - 40%
Approximate % Urban Clients	40% - 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 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)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	5
# Regions for this product	N/A
Regions Active

Loan Conditions

Loan Amount

Currency	PKR
Minimum loan size	PKR 10,000
Maximum loan size	40,000

Distribution at Disbursement (Est.)

Loans less than PKR 10,000	50%
PKR 10,000-25,000	40%
PKR 25,000-50,000	10%
PKR 50,000-75,000	0
PKR 75,000-150,000	0
Greater than PKR 150,000	0

Loan Term and Grace Period

Shortest loan term	12.0 months
Longest loan term	24.0 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	5%
Longer than 18 months	5%

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	34.50%
Highest quoted nominal interest	37.00%
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 fees

Upfront Insurance Fees

This product has no upfront insurance fees

Ongoing Insurance Fees

This product has no ongoing insurance fees

Compulsory Deposit

Required for	All
Criteria	N/A
Is deposit indicated on the repayment schedule?	No
Do borrowers control deposit in their group?	No

Deposit BEFORE or AT Disbursement

% loan amount deposited	10.00%
or, Fixed-amount deposited	0

Deposits DURING period payments

% loan amount deposited	0
or, Fixed-amount deposited	0
Conditions on access to deposit	End Term

Interest Paid on Deposit

Minimum interest rate paid	0
Maximum interest rate paid	0
Interest payment frequency	N/A

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Full Pricing Data

Micro Business Loan samples

	Sample 1	Sample 2	Sample 3	Sample 4
Loan Amount	PKR 10,000	PKR 10,000	PKR 20,000	PKR 30,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known	Not Known
Disbursement Date	2013-11-18	2013-11-28	2013-10-15	2013-10-15
Loan Term (Months)	12.0 months	12.0 months	12.0 months	12.0 months
Grace Period (Months)	0.2 months	-0.1 months	0.1 months	0.1 months
Total Cost of Credit	PKR 2,349	PKR 2,349	PKR 4,558	PKR 6,835
True Price by Comp
Interest price component	34.0%	35.9%	33.9%	33.8%
Fee Component	5.8%	6.0%	5.8%	5.9%
Insurance Component	0.0%	0.0%	0.0%	0.0%
Tax Component	0.0%	0.0%	0.0%	0.0%
Deposit Component	7.6%	8.4%	7.9%	7.9%
Full APR (int fee ins tax dep)	47.4%	50.3%	47.6%	47.6%
Transparency Index	N/A	N/A	N/A	N/A

Original Repayment Schedule	PDF	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF	PDF

Micro Business Loan Price Graphs

Click to view Price Analysis Tool

Please note that the information you are viewing is 139 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Muthoot Fincorp Ltd 5th Floor, Muthoot TowersMG RoadErnakulam, KeralaPO Box 682035

Data approved: 2013-01-18

Data version: 1

Age of data: 139 months

Download Data

Analyze Data

Institution Details

Institution Type	Non Bank Financial Institution
Is this institution regulated?	Yes
Website address	http://www.muthoot.com, www.muthoot.com/mmm
Year established	1997
Head of Institution	Thomas Muthoot
Regions active	Gujarat, Karnataka, Kerala, Tamil Nadu
# Branches	135

Total Portfolio (nat'l)	INR 2,601,408,238
Total Portfolio (USD)	USD 49,083,174.30
Active clients with loans	331,892
Approximate % female clients	100%
Approximate % urban clients	0% - 20%
Network affiliations	MFIN, Kerala Association of Microfinance Institutions

Loan Products » Summary

Mahila Mitra

331,892 Borrowers

USD 49,083,174.30 Portfolio

Active Product

Loan Products » Conditions

Product Name		Loan Size Range		Loan Term (months)		% Female		% Urban		Loan Purpose		Eligibility		Other Services
Muthoot Mahila Mitra		INR 10,000 - 20,000		12		100%		0% - 20%		Business		Women

Loan Products » MFIN India Additional Information

Product Name		APR (int)		MFIN MFI Earning (Annualised)		MFIN Cost to Borrower (Annualised)		COMPLIANCE WITH RBI GUIDELINES ON INTEREST METHOD		COMPLIANCE WITH RBI GUIDELINES ON PROCESSING FEES		COMPLIANCE WITH RBI GUIDELINES ON INSURANCE PREMIUM		MFIN Transparency Index
Muthoot Mahila Mitra		25.8% - 26.6%		26.9% - 28.7%		27.5% - 29.8%		Yes		Yes		Yes		100

*Please click here for more information

Loan Products » Pricing Information

Product Name		Annual Nominal Interest		Fees		Insurance		Taxes		Compulsory Deposit		APR (int+fee)		Full APR		Transparency Index
Muthoot Mahila Mitra		26.0% annual, Decl Bal		1 Fee		1 Ins		12.36% fees		N/A		26.9% - 28.7%		27.5% - 29.8%		90

Institution Price Graph

Click to view Price Analysis Tool

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

	X Axis
	Greater than:
	Less or equal to:
N (# of Samples)
Total Borrrowers of Samples


Avg
Min
Max
Std Dev

By Inst Type


By Country

	X Axis
	Greater than:
	Less or equal to:
	From 0 to
	to
	to
	to ∞

Institution

Product

Product Details

Key Statistics

Methodology

Description

Loan Purpose

Included Services

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

Loan Conditions

Loan Amount

Distribution at Disbursement (Est.)

Loan Term and Grace Period

Distribution at Disbursement (Est.)

Grace Period

Repayment Frequency

Pricing Information

Interest

Upfront Fees

Ongoing Fees

Upfront Insurance Fees

Ongoing Insurance Fees

Compulsory Deposit

Deposit BEFORE or AT Disbursement

Deposits DURING period payments

Interest Paid on Deposit

Taxes

Full Pricing Data

Micro Business Loan samples

Micro Business Loan Price Graphs

Institution

Institution Details

Loan Products » Summary

Loan Products » Conditions

Loan Products » MFIN India Additional Information

Loan Products » Pricing Information

Institution Price Graph

Total Borrowers of Samples

Learn More

MFTransparency News

Explore Resources