Outstanding portfolio (PKR) | PKR 213,870,860 |
Portfolio (USD) | USD 2,100,211.85 |
Active Clients with Loans | 20,369 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 40% - 60% |
Individual | |
Solidarity group | x |
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 | x |
Business training | x |
Other training | |
Other | Refund of principle amount in case of death |
Other (2) | |
No other services |
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 | 1 |
# Regions for this product | 1 |
Regions Active | Sindh |
Currency | PKR |
Minimum loan size | PKR 3,000 |
Maximum loan size | 50,000 |
Loans less than PKR 10,000 | 20% |
PKR 10,000-25,000 | 50% |
PKR 25,000-50,000 | 30% |
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 | 12.0 months |
Approx average | 12.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 100% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 100% |
Average grace period | 0.3 months |
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 | 22.00% |
Highest quoted nominal interest | 22.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Registration Fee | Emergency Fund Fee | |
% of loan amount - min | 3.00% | 1.00% | |
% of loan amount - max | 3.00% | 1.00% | |
OR, Fixed amount - min | 0 | 0 | |
Fixed amount - max | 0 | 0 | |
Reason for variation | N/A | N/A | |
Appears on Repayment Sched? | Yes | 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 |
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 3,000 | Generated | 2015-05-01 | 11.3 months | N/A | PKR 742.03 | 45.0% | 36.8% | 8.2% | 0.0% | 0.0% | 0.0% | 49 | - | |
PKR 10,000 | Generated | 2015-05-01 | 11.3 months | N/A | PKR 2,473.42 | 45.0% | 36.8% | 8.2% | 0.0% | 0.0% | 0.0% | 49 | - | |
PKR 15,000 | Generated | 2015-05-01 | 11.3 months | N/A | PKR 3,710.14 | 45.0% | 36.8% | 8.2% | 0.0% | 0.0% | 0.0% | 49 | - | |
PKR 20,000 | Generated | 2015-05-01 | 11.3 months | N/A | PKR 4,946.85 | 45.0% | 36.8% | 8.2% | 0.0% | 0.0% | 0.0% | 49 | - | |
PKR 22,000 | Generated | 2015-05-01 | 11.3 months | N/A | PKR 5,441.53 | 45.0% | 36.8% | 8.2% | 0.0% | 0.0% | 0.0% | 49 | - | |
PKR 24,000 | Generated | 2015-05-01 | 11.3 months | N/A | PKR 5,936.22 | 45.0% | 36.8% | 8.2% | 0.0% | 0.0% | 0.0% | 49 | - | |
PKR 30,000 | Generated | 2015-05-01 | 11.3 months | N/A | PKR 7,420.27 | 45.0% | 36.8% | 8.2% | 0.0% | 0.0% | 0.0% | 49 | - | |
PKR 40,000 | Generated | 2015-05-01 | 11.3 months | N/A | PKR 9,893.70 | 45.0% | 36.8% | 8.2% | 0.0% | 0.0% | 0.0% | 49 | - |
Institution Type | Credit Union / Cooperative |
Is this institution regulated? | Yes |
Website address | N/A |
Year established | 1963 |
Head of Institution | IVAN TOBAR |
Regions active | |
# Branches | 21 |
Total Portfolio (nat'l) | USD 88,130,099 |
Total Portfolio (USD) | USD 88,130,099 |
Active clients with loans | 22,154 |
Approximate % female clients | 20% - 40% |
Approximate % urban clients | 60% - 80% |
Network affiliations | |
Funders |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
CNMPE | USD 600 - 8,000 | 12 - 36 | 20% - 40% | 80% - 100% | Any Purpose | Women, Men, Salaried worker, Specific age group | Credit Ins | |||||||
MICM | USD 200 - 20,000 | 8 - 10 | 80% - 100% | 20% - 40% | Any Purpose | Women | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits | |||||||
MICON | USD 600 - 20,000 | 6 - 36 | 20% - 40% | 60% - 80% | Any Purpose | Women, Men, Have business | Credit Ins | |||||||
MICPE | USD 600 - 8,000 | 2 - 36 | 20% - 40% | 40% - 60% | Business | Women, Men, Have business | Credit Ins, Tech Asst Visits |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
CNMPE | 15.2% annual, Decl Bal | 1 Fee | 0 Ins | None | 1.5% upfront | 15.4% - 16.1% | 16.4% - 16.5% | 92 | ||||||||
MICM | 25.7% annual, Decl Bal | 1 Fee | 0 Ins | None | 3.0% upfront | 26.1% - 29.6% | 29.2% - 33.7% | 84 | ||||||||
MICON | 22.8% annual, Decl Bal | 1 Fee | 0 Ins | None | 3.00% ongoing | 21.4% - 24.4% | 23.1% - 25.5% | 92 | ||||||||
MICPE | 24.5% annual, Decl Bal | 1 Fee | 0 Ins | None | 3.0% upfront | 22.7% - 24.8% | 24.5% - 26.7% | 93 |
Key Statistics | |
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Loan Portfolio (USD) | |
% Products using declining balance | |
% Products with one or more fee | |
% Products with one or more insurances | |
% Products with compulsory deposits |
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