2. POMFB
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  2. BSFL
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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: 2013-06-24
Data version: 1
Age of data: -   months 
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Institution

Bhartiya Samruddhi Finance Limited 3rd Floor, Surabhi Arcade,Troop Bazar, Bank Street, KotiHyderabad, Andhra PradeshPO Box 500 001
Data approved: 2013-01-25
Data version: 2
Age of data: 139 months
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Product

Micro Asset Loan Product 3 of 6 « Prev | Next »

Product

Samruddhi Crop Loan Product 2 of 3 « Prev | Next »

Product Summary

Number borrowers1,425
Loan Amount (range)PKR 10,000 - 40,000
Loan Term (range)12 - 24
Other Services (text summary)
Annual Interest & Method34.5%-37.0% annual, Decl Bal
Fees3.00% upfront
InsuranceNone
TaxNone
Comp Dep10.0% upfront
Range of pricing 
Interest Price Component29.6% - 35.9%
Fee Component3.0% - 6.0%
Insurance Component0
Tax Component Range0
Full APR (int fee ins tax dep)47.0% - 47.6%
Transparency Index (min/max)0 - N/A
Transparency Index (average)N/A

Product Summary

8,998
INR 10,000 - 15,000
11
Credit Ins
24.0% annual, Decl Bal
1.00% upfront
0.43% ongoing Y
12.36% fees
N/A
 
22.9% - 23.8%
0.7% - 1.9%
3.9% - 4.5%
0.1% - 0.2%
29.1% - 29.2%
81 - 84
82

Product Details

Key Statistics
Outstanding portfolio (PKR)PKR 10,838,360
Portfolio (USD)USD 110,595.51
Active Clients with Loans1,425
Approximate % Female Clients20% - 40%
Approximate % Urban Clients60% - 80%
Methodology
Individual
Solidarity group
Village banking
Self help group
Other
Description
Under this product category, the customers may purchase movable engines, parts, machines/motors, tools (including agriculture related tools), equipment etc.
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 productN/A
Regions Active

Product Details

Key Statistics
Outstanding portfolio (INR)INR 85,021,048
Portfolio (USD)USD 1,604,170.72
Active Clients with Loans8,998
Approximate % Female Clients20% - 40%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity groupx
Village banking
Self help group
Other
Description
Crop Loan
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculturex
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
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 worker
Must be specific age group
Household income <60,000 INR
Household income <120,000 INR
Must live in rural area
Must lives in urban area
OtherAll farmers/tenant farmers engaged in field crop cultivation
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution17
# Regions for this product10
Regions ActiveAndhra Pradesh, ChhattisgarhJharkhand, Karnataka, Madhya Pradesh, Maharashtra, Meghalaya, Orissa, Rajasthan, West Bengal

Loan Conditions

Loan Amount
CurrencyPKR
Minimum loan sizePKR 10,000
Maximum loan size40,000
Distribution at Disbursement (Est.)
Loans less than PKR 10,00040%
PKR 10,000-25,00050%
PKR 25,000-50,00010%
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

Loan Conditions

Loan Amount
CurrencyINR
Minimum loan sizeINR 10,000
Maximum loan size15,000
Distribution at Disbursement (Est.)
Loans less than INR 5,0000
INR 5,000-15,000100%
INR 15,000-25,0000
INR 25,000-35,0000
INR 35,000-45,0000
Greater than INR 45,0000
Loan Term and Grace Period
Shortest loan term11.0 months
Longest loan term11.0 months
Approx average11.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months100%
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
Monthly
Every 2 months
Quarterly
Every 6 monthsx
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest34.50%
Highest quoted nominal interest37.00%
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 forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?No
Deposit BEFORE or AT Disbursement
% loan amount deposited10.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid0
Maximum interest rate paid0
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Pricing Information

Interest
Lowest quoted nominal interest24.00%
Highest quoted nominal interest24.00%
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
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
Ins 1Ins 2
DescriptionCredit PlusHealth Insurance
% of loan amount - min0.43%0
% of loan amount - max0.43%0
OR, Fixed amount - min0130
Fixed amount - max0130
Reason for variation4.26 per thousand per person per monthRs. 130 per person
Appears on Repayment Sched?YesYes
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?Yes
Percentage of fees12.4%
All or some fees taxedSome

Full Pricing Data

Micro Asset Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountPKR 10,000PKR 10,000PKR 20,000PKR 25,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2013-05-012013-03-172013-10-152013-12-01
Loan Term (Months)12.0 months12.0 months12.0 months12.0 months
Grace Period (Months)0.3 months0.3 months0.1 months0.3 months
Total Cost of CreditPKR 2,381PKR 2,368PKR 4,558PKR 5,916
True Price by Comp       
Interest price component34.0%33.8%33.9%34.0%
Fee Component5.7%5.7%5.8%5.7%
Insurance Component0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component7.5%7.5%7.9%7.6%
Full APR (int fee ins tax dep)47.2%47.0%47.6%47.3%
Transparency IndexN/AN/AN/AN/A
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF

Full Pricing Data

Samruddhi Crop Loan samples
Sample 1Sample 2Sample 3
Loan AmountINR 15,000INR 15,000INR 15,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2013-01-282013-02-132013-02-13
Loan Term (Months)9.0 months11.0 months11.0 months
Grace Period (Months)1.2 months3.7 months3.7 months
Total Cost of CreditINR 2,469.54INR 2,743.54INR 2,743.54
True Price by Comp     
Interest price component22.9%23.0%23.0%
Fee Component1.9%1.7%1.7%
Insurance Component4.2%4.2%4.2%
Tax Component0.2%0.2%0.2%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)29.2%29.1%29.1%
MFIN MFI Earning (Annualised)24.8%24.7%24.7%
MFIN Cost to Borrower (Annualised)29.2%29.1%29.1%
Transparency Index828282
MFIN Transparency Index100100100
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula
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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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