Please note that the information you are viewing is
111 months old and may not represent the prices currently charged.
If you represent this MFI and wish to update your information,
click HERE
Institution
Data approved: 2013-07-30
Data version: 1
Age of data: 111 months
Key Statistics
Outstanding portfolio (PKR) | PKR 46,391,900 |
Portfolio (USD) | USD 473,386.73 |
Active Clients with Loans | 5,790 |
Approximate % Female Clients | 100% |
Approximate % Urban Clients | 0% - 20% |
Methodology
Individual | |
Solidarity group | x |
Village banking | |
Self help group | |
Other | |
Description
The amount of loan given under this category is Rs 10000 and 15000 . The loan is repaid in 12 equal monthly installments.
Loan Purpose
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | x |
Education | |
Other household finance | |
Other | |
Other (2) | |
Included Services
Credit education | x |
Group meetings | x |
Credit insurance | |
Workplace visits | |
Business training | x |
Other training | |
Other | Micro health insurance-life insurance |
Other (2) | |
No other services | |
Eligibility
Men | |
Women | x |
Must run a business | |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | x |
Other | |
Other (2) | |
Portfolio Size by Product
Geographic Coverage
# Regions for this institution | 2 |
# Regions for this product | 2 |
Regions Active | Azad Kashmir, Khyber Pakhtunkwa |
Loan Conditions
Loan Amount
Currency | PKR |
Minimum loan size | PKR 10,000 |
Maximum loan size | 15,000 |
Distribution at Disbursement (Est.)
Loans less than PKR 10,000 | 90% |
PKR 10,000-25,000 | 10% |
PKR 25,000-50,000 | 0 |
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 | 18.0 months |
Approx average | 12.0 months |
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 | 100% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
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 | x |
Quarterly | x |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments | |
Pricing Information
Interest
Lowest quoted nominal interest | 20.00% |
Highest quoted nominal interest | 20.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | No |
Upfront Fees
This product has no upfront feesOngoing Fees
This product has no ongoing feesUpfront Insurance Fees
This product has no upfront insurance feesOngoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required for | Never |
Criteria | N/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 deposited | N/A |
or, Fixed-amount deposited | N/A |
Deposits DURING period payments
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
Conditions on access to deposit | N/A |
Interest Paid on Deposit
Minimum interest rate paid | N/A |
Maximum interest rate paid | N/A |
Interest payment frequency | N/A |
Taxes
Are taxes charged on this product? | No |
Additional Comments
Insurance fee is included in 20% rate i.e 3%
Full Pricing Data
General Loan samples
| Sample 1 | | Sample 2 | | Sample 3 |
---|
Loan Amount | PKR 10,000 | | PKR 10,000 | | PKR 10,000 |
Loan Cycle (1, 2, 3, etc) | Not Known | | Not Known | | Not Known |
Disbursement Date | 2012-05-15 | | 2012-05-15 | | 2012-05-15 |
Loan Term (Months) | 12.0 months | | 12.0 months | | 12.0 months |
Grace Period (Months) | 0.0 months | | 0.0 months | | 0.0 months |
Total Cost of Credit | PKR 2,000 | | PKR 2,000 | | PKR 2,000 |
True Price by Comp | | | | | |
Interest price component | 34.4% | | 34.4% | | 34.4% |
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) | 34.4% | | 34.4% | | 34.4% |
Transparency Index | N/A | | N/A | | N/A |
| | | | | |
Original Repayment Schedule | PDF | | PDF | | PDF |
MFT Pricing Calculation | PDF | | PDF | | PDF |
General Loan Price Graphs
Please note that the information you are viewing is
169 months old and may not represent the prices currently charged.
If you represent this MFI and wish to update your information,
click HERE
Institution
Data approved: 2010-10-25
Data version: 1
Age of data: 169 months
Institution Type | Non Bank Financial Institution |
Is this institution regulated? | Yes |
Website address | http://www.crediblemicrofinance.com/ |
Year established | 2008 |
Head of Institution | Mr. Khirod Chandra Malick |
Regions active | |
# Branches | 21 |
Total Portfolio (nat'l) | INR 88,485,639 |
Total Portfolio (USD) | USD 1,669,540.36 |
Active clients with loans | 10,093 |
Approximate % female clients | 80% - 100% |
Approximate % urban clients | 20% - 40% |
Network affiliations | |
3,492 Borrowers
USD 577,660.96 Portfolio
Active Product
6,601 Borrowers
USD 1,091,879.40 Portfolio
Active Product
Loan Products » Conditions
Product Name |
|
Loan Size Range |
|
Loan Term (months) |
|
% Female |
|
% Urban |
|
Loan Purpose |
|
Eligibility |
|
Other Services |
Agri-allied |
|
INR 2,500 - 20,000 |
|
8 - 15 |
|
80% - 100% |
|
0% - 20% |
|
Business, Housing |
|
Women |
|
Group Mtgs |
Income Generation Activities |
|
INR 5,000 - 30,000 |
|
8 - 18 |
|
80% - 100% |
|
40% - 60% |
|
Business, Housing |
|
Women, Have business |
|
Credit Educ, Group Mtgs |
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 |
Agri-allied |
|
0% |
|
24.2% - 25.1% |
|
24.2% - 25.1% |
|
|
|
|
|
|
|
N/A |
Income Generation Activities |
|
0% |
|
23.6% - 24.2% |
|
23.6% - 24.2% |
|
|
|
|
|
|
|
N/A |
Loan Products » Pricing Information
Product Name |
|
Annual Nominal Interest |
|
Fees |
|
Insurance |
|
Taxes |
|
Compulsory Deposit |
|
APR (int+fee) |
|
Full APR |
|
Transparency Index |
Agri-allied |
|
20.0% annual, Decl Bal |
|
2 Fees |
|
0 Ins |
|
None |
|
N/A |
|
24.2% - 25.1% |
|
24.2% - 25.1% |
|
80 |
Income Generation Activities |
|
20.0% annual, Decl Bal |
|
2 Fees |
|
0 Ins |
|
None |
|
N/A |
|
23.6% - 24.2% |
|
23.6% - 24.2% |
|
83 |