| Institution Type | Non-Governmental Organization |
| Is this institution regulated? | Yes |
| Website address | http://www.rcdspk.org |
| Year established | 1998 |
| Head of Institution | Muhammad Murtaza |
| Regions active | Punjab |
| # Branches | 20 |
| Total Portfolio (nat'l) | PKR 443,135,230 |
| Total Portfolio (USD) | USD 4,521,788.06 |
| Active clients with loans | 31,965 |
| Approximate % female clients | 80% - 100% |
| Approximate % urban clients | 20% - 40% |
| Network affiliations | PMN, PMFN, BWTP, PCP |
| Funders | PPAF, ASF, UNDP, Engro Foundation |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Credit & Enterprise Development | PKR 5,000 - 75,000 | 12 | 80% - 100% | 20% - 40% | Business, Agriculture | Women, Men, Have business, Specific age group | Credit Educ, Group Mtgs, Business Training, Other Training | |||||||
| Enterprise Development Facility | PKR 70,000 - 150,000 | 18 | 60% - 80% | 20% - 40% | Business | Women, Men, Have business, Have home or land, Specific age group | Credit Educ, Group Mtgs, Business Training, Other Training | |||||||
| Live Stock Financing | PKR 40,000 - 100,000 | 18 | 80% - 100% | 20% - 40% | Business, Agriculture | Women, Men, Have business, Have home or land, Specific age group | Credit Educ, Group Mtgs, Business Training, Other Training | |||||||
| Strengthening Micro Enterprises | PKR 100,000 - 300,000 | 24 | 0% | 20% - 40% | Business, Agriculture | Women, Men, Have business, Have home or land, Specific age group | Credit Educ, Business Training, Other Training |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Credit & Enterprise Development | 20.0% annual, Flat | 1 Fee | 0 Ins | None | N/A | 44.7% - 48% | 44.7% - 48% | N/A | ||||||||
| Enterprise Development Facility | 15.0% annual, Flat | 1 Fee | 0 Ins | None | N/A | 33.5% | 33.5% | N/A | ||||||||
| Live Stock Financing | 15.0% annual, Flat | 1 Fee | 0 Ins | None | N/A | 33.5% - 34.9% | 33.5% - 34.9% | N/A | ||||||||
| Strengthening Micro Enterprises | 15.0% annual, Flat | 1 Fee | 0 Ins | None | N/A | 30.7% - 31.8% | 30.7% - 31.8% | N/A |
| Outstanding portfolio (MWK) | MWK 5,770,737.99 |
| Portfolio (USD) | USD 14,796.76 |
| Active Clients with Loans | 255 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 80% - 100% |
| Individual | |
| Solidarity group | |
| Village banking | x |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | water supply |
| 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 | |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | Residents from the peri urban areas |
| Other (2) |
| # Regions for this institution | 17 |
| # Regions for this product | 1 |
| Regions Active | Blantyre |
| Currency | MWK |
| Minimum loan size | MWK 18,000 |
| Maximum loan size | 120,000 |
| Loans less than MWK 50,000 | 10% |
| MWK 50,000-150,000 | 90% |
| MWK 150,000-250,000 | 0 |
| MWK 250,000-350,000 | 0 |
| MWK 350,000-450,000 | 0 |
| Greater than MWK 450,000 | 0 |
| Shortest loan term | 24.0 months |
| Longest loan term | 24.0 months |
| Approx average | 24.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 0 |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 100% |
| 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 | 1.00% |
| Highest quoted nominal interest | 1.00% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | No |
| Do borrowers control deposit in their group? | No |
| % loan amount deposited | 10.00% |
| or, Fixed-amount deposited | N/A |
| % loan amount deposited | N/A |
| or, Fixed-amount deposited | N/A |
| Conditions on access to deposit | Access During |
| Minimum interest rate paid | N/A |
| Maximum interest rate paid | N/A |
| Interest payment frequency | N/A |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | MWK 36,996.70 | MWK 31,160 | MWK 101,500 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2012-05-01 | 2012-02-01 | 2012-02-01 | ||
| Loan Term (Months) | 24.0 months | 24.0 months | 24.0 months | ||
| Grace Period (Months) | -1.0 months | -1.0 months | -1.0 months | ||
| Total Cost of Credit | MWK 3,948.28 | MWK 3,325.39 | MWK 10,832.06 | ||
| True Price by Comp | |||||
| Interest price component | 10.9% | 11.0% | 11.0% | ||
| Fee Component | 0.0% | 0.0% | 0.0% | ||
| Insurance Component | 0.0% | 0.0% | 0.0% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 0.0% | 0.0% | 0.0% | ||
| Full APR (int fee ins tax dep) | 10.9% | 11.0% | 11.0% | ||
| Transparency Index | 100 | 100 | 100 | ||
| 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 |
|---|---|---|---|---|---|---|---|
| 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 ∞ | ||||||
