Number borrowers | 38,736 |
Loan Amount (range) | PKR 10,000 - 125,000 |
Loan Term (range) | 6 - 24 |
Other Services (text summary) | |
Annual Interest & Method | 23.0% annual, Flat |
Fees | 0.00%-2.50%, 600.00 min upfront |
Insurance | None |
Tax | 16.00% fees |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | 23.8% - 45.8% |
Fee Component | 2.1% - 7.8% |
Insurance Component | 0 |
Tax Component Range | 0.3% - 1.3% |
Full APR (int fee ins tax dep) | 43.9% - 47.4% |
Transparency Index (min/max) | 45 - 100 |
Transparency Index (average) | 51 |
1,240 |
MWK 5,000 - 500,000 |
6 |
Credit Educ, Group Mtgs, Credit Ins, Business Training, Other Training |
45.00% annual, Flat |
3.00% upfront |
2.00% upfront |
None |
33.33% upfront |
54.5% - 72.2% |
5.6% - 18.8% |
3.9% - 12.9% |
0 |
177.0% - 177.8% |
11 - 26 |
25 |
Outstanding portfolio (PKR) | PKR 875,938,940 |
Portfolio (USD) | USD 8,601,720.39 |
Active Clients with Loans | 38,736 |
Approximate % Female Clients | 0% - 20% |
Approximate % Urban Clients | 60% - 80% |
Individual | x |
Solidarity group | |
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 | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services | x |
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 | 5 |
# Regions for this product | 4 |
Regions Active | Balochistan, Khyber Pakhtunkwa, Punjab, Sindh |
Outstanding portfolio (MWK) | MWK 12,733,636.55 |
Portfolio (USD) | USD 32,650.35 |
Active Clients with Loans | 1,240 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 60% - 80% |
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 | x |
Workplace visits | |
Business training | x |
Other training | x |
Other | |
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 | |
Other | |
Other (2) |
# Regions for this institution | 5 |
# Regions for this product | 5 |
Regions Active | Lilongwe, Mchinji, Salima, Mzimba, Blantyre |
Currency | PKR |
Minimum loan size | PKR 10,000 |
Maximum loan size | 125,000 |
Loans less than PKR 10,000 | 0 |
PKR 10,000-25,000 | 20% |
PKR 25,000-50,000 | 60% |
PKR 50,000-75,000 | 15% |
PKR 75,000-150,000 | 5% |
Greater than PKR 150,000 | 5% |
Shortest loan term | 6.0 months |
Longest loan term | 24.0 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 | 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 |
Currency | MWK |
Minimum loan size | MWK 5,000 |
Maximum loan size | 500,000 |
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 | 6.0 months |
Longest loan term | 6.0 months |
Approx average | 6.0 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 | DK |
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 | 23.00% |
Highest quoted nominal interest | 23.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Processing fee |
% of loan amount - min | 0 |
% of loan amount - max | 2.50% |
OR, Fixed amount - min | 600 |
Fixed amount - max | 0 |
Reason for variation | %age of loan amount or fixed amount-whichever is higher |
Appears on Repayment Sched? | 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? | Yes |
Percentage of fees | 16% |
All or some fees taxed | Some |
Lowest quoted nominal interest | 45.00% |
Highest quoted nominal interest | 45.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Processing Fee |
% of loan amount - min | 3.00% |
% of loan amount - max | 3.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Insurance Premium |
% of loan amount - min | 2.00% |
% of loan amount - max | 2.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
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 | 33.33% |
or, Fixed-amount deposited | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
Conditions on access to deposit | End Term |
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 15,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 4,155.45 | 47.4% | 38.3% | 7.8% | 0.0% | 1.3% | 0.0% | 49 | - | |
PKR 26,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 6,750.38 | 43.9% | 38.3% | 4.8% | 0.0% | 0.8% | 0.0% | 52 | - | |
PKR 30,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 7,788.90 | 43.9% | 38.3% | 4.8% | 0.0% | 0.8% | 0.0% | 52 | - | |
PKR 35,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 9,087.05 | 43.9% | 38.3% | 4.8% | 0.0% | 0.8% | 0.0% | 52 | - | |
PKR 45,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 11,683.36 | 43.9% | 38.3% | 4.8% | 0.0% | 0.8% | 0.0% | 52 | - | |
PKR 50,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 12,981.51 | 43.9% | 38.3% | 4.8% | 0.0% | 0.8% | 0.0% | 52 | - | |
PKR 70,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 18,174.11 | 43.9% | 38.3% | 4.8% | 0.0% | 0.8% | 0.0% | 52 | - | |
PKR 100,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 25,963.01 | 43.9% | 38.3% | 4.8% | 0.0% | 0.8% | 0.0% | 52 | - |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | MWK 12,000 | MWK 25,000 | MWK 48,000 | MWK 130,500 | MWK 294,000 | MWK 271,000 | |||||
Loan Cycle (1, 2, 3, etc) | 3 | 3 | 3 | 3 | 3 | 3 | |||||
Disbursement Date | 2012-07-31 | 2012-07-31 | 2012-09-30 | 2012-09-30 | 2012-09-30 | 2012-09-30 | |||||
Loan Term (Months) | 6.0 months | 6.0 months | 6.0 months | 6.0 months | 6.0 months | 6.0 months | |||||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||||
Total Cost of Credit | MWK 3,300 | MWK 6,875 | MWK 13,200 | MWK 35,888 | MWK 80,850 | MWK 74,525 | |||||
True Price by Comp | |||||||||||
Interest price component | 71.1% | 71.1% | 71.7% | 71.7% | 71.7% | 71.7% | |||||
Fee Component | 11.0% | 11.0% | 11.1% | 11.1% | 11.1% | 11.1% | |||||
Insurance Component | 7.5% | 7.5% | 7.7% | 7.7% | 7.7% | 7.7% | |||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Deposit Component | 87.4% | 87.4% | 87.3% | 87.3% | 87.3% | 87.3% | |||||
Full APR (int fee ins tax dep) | 177.0% | 177.0% | 177.8% | 177.8% | 177.8% | 177.8% | |||||
Transparency Index | 25 | 25 | 25 | 25 | 25 | 25 | |||||
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 |
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