Number borrowers | 4,139 |
Loan Amount (range) | PKR 50,000 - 400,000 |
Loan Term (range) | 12 - 24 |
Other Services (text summary) | |
Annual Interest & Method | 23.0%-30.0% annual, Flat |
Fees | 0.00%-2.50%, 500.00 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) | 39.7% - 48.9% |
Transparency Index (min/max) | 45 - 100 |
Transparency Index (average) | 52 |
331,892 |
INR 10,000 - 20,000 |
12 |
26.0% annual, Decl Bal |
1.00% upfront |
0.40% upfront |
12.36% fees |
N/A |
25.8% - 26.6% |
1.1% - 2.1% |
0.4% - 0.8% |
0.2% - 0.3% |
27.5% - 29.8% |
87 - 95 |
90 |
Outstanding portfolio (PKR) | PKR 284,898,086 |
Portfolio (USD) | USD 2,797,699.21 |
Active Clients with Loans | 4,139 |
Approximate % Female Clients | 0 |
Approximate % Urban Clients | 100% |
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 | 2 |
Regions Active | Punjab, Sindh |
Outstanding portfolio (INR) | INR 2,601,408,238 |
Portfolio (USD) | USD 49,083,174.30 |
Active Clients with Loans | 331,892 |
Approximate % Female Clients | 100% |
Approximate % Urban Clients | 0% - 20% |
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 | |
Women | x |
Must run a business | |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Household income <60,000 INR | |
Household income <120,000 INR | |
Must live in rural area | |
Must lives in urban area | |
Other | |
Other (2) |
# Regions for this institution | 4 |
# Regions for this product | 4 |
Regions Active | Gujarat, Karnataka, Kerala, Tamil Nadu |
Currency | PKR |
Minimum loan size | PKR 50,000 |
Maximum loan size | 400,000 |
Loans less than PKR 10,000 | 0 |
PKR 10,000-25,000 | 0 |
PKR 25,000-50,000 | 0 |
PKR 50,000-75,000 | 10% |
PKR 75,000-150,000 | 80% |
Greater than PKR 150,000 | 80% |
Shortest loan term | 12.0 months |
Longest loan term | 24.0 months |
Approx average | 18.0 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 | 10% |
Longer than 18 months | 90% |
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 | x |
Irregular payments |
Currency | INR |
Minimum loan size | INR 10,000 |
Maximum loan size | 20,000 |
Loans less than INR 5,000 | 0 |
INR 5,000-15,000 | 90% |
INR 15,000-25,000 | 10% |
INR 25,000-35,000 | 0 |
INR 35,000-45,000 | 0 |
Greater than INR 45,000 | 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 | 12.0 months |
Daily | |
Weekly | x |
Every 2 weeks | |
Every 4 weeks | |
Monthly | |
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 | 30.00% |
Reason(s) why interest rate varies | Loan Purpose |
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 | 500 |
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 | 26.00% |
Highest quoted nominal interest | 26.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Processing Fee |
% of loan amount - min | 1.00% |
% of loan amount - max | 1.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Credit Life Insurance |
% of loan amount - min | 0.40% |
% of loan amount - max | 0.40% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
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 | 12.4% |
All or some fees taxed | Some |
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 60,000 | Generated | 2015-06-01 | 18.0 months | N/A | PKR 22,496.71 | 41.6% | 37.6% | 3.4% | 0.0% | 0.6% | 0.0% | 55 | - | |
PKR 76,000 | Generated | 2015-06-01 | 24.0 months | N/A | PKR 37,211.89 | 39.7% | 36.6% | 2.7% | 0.0% | 0.4% | 0.0% | 58 | - | |
PKR 80,000 | Generated | 2015-06-01 | 24.0 months | N/A | PKR 39,170.41 | 39.7% | 36.6% | 2.7% | 0.0% | 0.4% | 0.0% | 58 | - | |
PKR 90,000 | Generated | 2015-06-01 | 24.0 months | N/A | PKR 44,066.71 | 39.7% | 36.6% | 2.7% | 0.0% | 0.4% | 0.0% | 58 | - | |
PKR 100,000 | Generated | 2015-06-01 | 24.0 months | N/A | PKR 62,982.19 | 48.9% | 45.8% | 2.7% | 0.0% | 0.4% | 0.0% | 47 | - | |
PKR 150,000 | Generated | 2015-06-01 | 24.0 months | N/A | PKR 94,473.29 | 48.9% | 45.8% | 2.7% | 0.0% | 0.4% | 0.0% | 47 | - | |
PKR 300,000 | Generated | 2015-06-01 | 24.0 months | N/A | PKR 188,946.58 | 48.9% | 45.8% | 2.7% | 0.0% | 0.4% | 0.0% | 47 | - | |
PKR 400,000 | Generated | 2015-06-01 | 24.0 months | N/A | PKR 251,928.77 | 48.9% | 45.8% | 2.7% | 0.0% | 0.4% | 0.0% | 47 | - |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | INR 10,000 | INR 12,000 | INR 15,000 | INR 20,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2012-06-22 | 2012-11-10 | 2012-08-25 | 2012-10-22 | |||
Loan Term (Months) | 12.0 months | 12.0 months | 12.0 months | 24.0 months | |||
Grace Period (Months) | -0.1 months | 0.1 months | 0.1 months | 0.1 months | |||
Total Cost of Credit | INR 1,540.36 | INR 1,858.83 | INR 2,336.54 | INR 5,992.72 | |||
True Price by Comp | |||||||
Interest price component | 26.6% | 26.0% | 26.2% | 25.8% | |||
Fee Component | 2.1% | 2.1% | 2.0% | 1.1% | |||
Insurance Component | 0.8% | 0.8% | 0.8% | 0.4% | |||
Tax Component | 0.3% | 0.2% | 0.3% | 0.2% | |||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Full APR (int fee ins tax dep) | 29.8% | 29.1% | 29.3% | 27.5% | |||
MFIN MFI Earning (Annualised) | 28.7% | 28.1% | 28.2% | 26.9% | |||
MFIN Cost to Borrower (Annualised) | 29.8% | 29.1% | 29.3% | 27.5% | |||
Transparency Index | 87 | 89 | 89 | 95 | |||
MFIN Transparency Index | 98 | 100 | 99 | 100 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Key Statistics | |
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# 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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