Institution Type | Non-Governmental Organization |
Is this institution regulated? | No |
Website address | http://www.sungi.org |
Year established | 1990 |
Head of Institution | Sajid Qaisrani |
Regions active | Azad Kashmir, Khyber Pakhtunkwa |
# Branches | 4 |
Total Portfolio (nat'l) | PKR 81,149,780 |
Total Portfolio (USD) | USD 828,058.98 |
Active clients with loans | 10,128 |
Approximate % female clients | 100% |
Approximate % urban clients | 0% - 20% |
Network affiliations | Pakistan Microfinance Network (PMN) |
Funders |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
General Loan | PKR 10,000 - 15,000 | 12 - 18 | 100% | 0% - 20% | Business, Agriculture | Women, Specific age group | Credit Educ, Group Mtgs, Business Training, Micro health insurance-life insurance | |||||||
Enterprise Development Loan First | PKR 20,000 - 29,000 | 12 - 18 | 100% | 0% - 20% | Business, Agriculture | Women, Men, Specific age group, Must be the resident of the specified village | Credit Educ, Group Mtgs, Tech Asst Visits, Business Training | |||||||
Murabaha loan Awal | PKR 5,000 - 30,000 | 12 - 18 | 100% | 0% - 20% | Business | Women, Specific age group, Must be resident of the village | Credit Educ, Group Mtgs, Business Training |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
General Loan | 20.0% annual, Flat | 0 Fees | 0 Ins | None | N/A | 34.4% | 34.4% | N/A | ||||||||
Enterprise Development Loan First | 20.0% annual, Flat | 0 Fees | 0 Ins | None | N/A | 34.4% - 34.5% | 34.4% - 34.5% | N/A | ||||||||
Murabaha loan Awal | 20.0% annual, Flat | 0 Fees | 0 Ins | None | N/A | 34.4% - 34.5% | 34.4% - 34.5% | N/A |
Outstanding portfolio (MWK) | MWK 522,836,400 |
Portfolio (USD) | USD 1,340,606.15 |
Active Clients with Loans | 20,988 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 0% - 20% |
Individual | |
Solidarity group | x |
Village banking | x |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | |
Workplace visits | x |
Business training | x |
Other training | x |
Other | Group Dyanamics |
Other (2) | |
No other services |
Men | |
Women | x |
Must run a business | x |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | x |
Other | |
Other (2) |
# Regions for this institution | 18 |
# Regions for this product | 20 |
Regions Active | Dowa, Kasungu, Lilongwe, Mchinji, Nkhotakota, Ntcheu, Ntchisi, SalimaKaronga, Mzimba, Nkhata Bay, Rumphi, Balaka, Blantyre, Chikwawa, MachingaMangochi, Mulanje, Phalombe, Zomba |
Currency | MWK |
Minimum loan size | MWK 18,000 |
Maximum loan size | 80,000 |
Loans less than MWK 50,000 | 90% |
MWK 50,000-150,000 | 10% |
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 | 4.0 months |
Longest loan term | 4.0 months |
Approx average | 4.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 100% |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 0 |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | x |
Every 4 weeks | x |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 5.00% |
Highest quoted nominal interest | 5.00% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
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? | Yes |
Do borrowers control deposit in their group? | Yes |
% loan amount deposited | 10.00% - 20.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | End Term |
Minimum interest rate paid | 5.00% |
Maximum interest rate paid | 7.00% |
Interest payment frequency | Annually |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | MWK 20,000 | MWK 30,000 | MWK 45,000 | MWK 60,000 | |||
Loan Cycle (1, 2, 3, etc) | 10 | 12 | 11 | 9 | |||
Disbursement Date | 2012-10-18 | 2012-10-22 | 2012-09-13 | 2012-09-13 | |||
Loan Term (Months) | 4.0 months | 3.8 months | 3.7 months | 3.7 months | |||
Grace Period (Months) | 0.2 months | 0.0 months | 0.0 months | 0.0 months | |||
Total Cost of Credit | MWK 4,000 | MWK 6,000 | MWK 9,000 | MWK 12,000 | |||
True Price by Comp | |||||||
Interest price component | 97.1% | 106.6% | 108.4% | 108.4% | |||
Fee Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 50.5% | 60.1% | 53.4% | 53.4% | |||
Full APR (int fee ins tax dep) | 147.6% | 166.7% | 161.8% | 161.8% | |||
Transparency Index | 41 | 36 | 37 | 37 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
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% Products with one or more insurances | |
% Products with compulsory deposits |
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