2. TMFB
Please note that the information you are viewing is 115 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. Luz del Valle
Please note that the information you are viewing is 172 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Tameer Microfinance Bank A-15, Block 7/8 KCHS Union, Karachi 75350, PakistanKarachi75350
Data approved: 2015-04-15
Data version: 2
Age of data: 115 months
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Institution

Cooperativa Luz Del Valle Av. Abdon calderon 524 e ines gangotenaConcepcion y Santa Rita esquinaSangolqui, Pichincha
Data approved: 2010-11-08
Data version: 1
Age of data: 172 months

Product

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Product

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Product Summary

Number borrowers67,453
Loan Amount (range)PKR 15,000 - 25,000
Loan Term (range)12 - 36
Other Services (text summary)
Annual Interest & Method22.0% annual, Flat
Fees450.00 upfront
InsuranceNone
Tax16.00% fees
Comp Dep5.0%-10.0% upfront
Range of pricing 
Interest Price Component23.8% - 45.8%
Fee Component2.1% - 7.8%
Insurance Component0
Tax Component Range0.3% - 1.3%
Full APR (int fee ins tax dep)44.7% - 49.1%
Transparency Index (min/max)45 - 100
Transparency Index (average)47

Product Summary

1,400
USD 1,500 - 10,000
1 - 24
Credit Ins
19.0%-25.0% annual, Decl Bal
3.00% ongoing
None
None
10.0% upfront
 
N/A
20.3% - 25.3% (Int+Fee)
0.3%
0
22.8% - 28.4%
67 - 87
77

Product Details

Key Statistics
Outstanding portfolio (PKR)PKR 1,015,610,286
Portfolio (USD)USD 9,973,293.01
Active Clients with Loans67,453
Approximate % Female Clients60% - 80%
Approximate % Urban Clients60% - 80%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
It is a lending practice where small groups borrow collectively and group members encourage one another to repay. Also known as solidarity lending.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurance
Workplace visits
Business training
Other training
Other
Other (2)
No other servicesx
Eligibility
Menx
Womenx
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution5
# Regions for this product4
Regions ActiveBalochistan, Khyber Pakhtunkwa, Punjab, Sindh

Product Details

Key Statistics
Outstanding portfolio (USD)USD 3,200,000
Portfolio (USD)USD 3,200,000
Active Clients with Loans1,400
Approximate % Female Clients40% - 60%
Approximate % Urban Clients40% - 60%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
crédito destinado para microempresarios que necesiten capital de trabajo, compra de activos, o cualquier inversion del negocio desde $1,500 a $10,000
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
OtherCapital de tyrabajo, compra de activos, pago de de
Other (2)Actividades inherentes al negocio
Included Services
Credit education
Group meetings
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
Otherexistencia minima del negocio de un año
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyPKR
Minimum loan sizePKR 15,000
Maximum loan size25,000
Distribution at Disbursement (Est.)
Loans less than PKR 10,0000
PKR 10,000-25,000100%
PKR 25,000-50,0000
PKR 50,000-75,0000
PKR 75,000-150,0000
Greater than PKR 150,0000
Loan Term and Grace Period
Shortest loan term12.0 months
Longest loan term36.0 months
Approx average12.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months100%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyUSD
Minimum loan sizeUSD 1,500
Maximum loan size10,000
Loan Term and Grace Period
Shortest loan term1.0 month
Longest loan term24.0 months
Approx average11.0 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest22.00%
Highest quoted nominal interest22.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
Descriptionprocessing fee
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min450
Fixed amount - max450
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaMandatory Savings deduct for all Group Loan customers
Is deposit indicated on the repayment schedule?Yes
Do borrowers control deposit in their group?Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited5.00% - 10.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid0
Maximum interest rate paid0
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?Yes
Percentage of fees16%
All or some fees taxedSome

Pricing Information

Interest
Lowest quoted nominal interest19.00%
Highest quoted nominal interest25.00%
Reason(s) why interest rate variesClient Risk
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
Ongoing Fees
Fee 1
DescriptionSeguro de Desgravamen
% of loan amount - min3.00%
% of loan amount - max3.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited10.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositAccess During
Interest Paid on Deposit
Minimum interest rate paid1.25%
Maximum interest rate paid1.25%
Interest payment frequencyMonthly
Taxes
Are taxes charged on this product?No
Additional Comments
los intereses a los ahorros se pagan sobre los $5 dolares de saldo

Full Pricing Data

Group Loan samples
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 3,831.04 47.3% 36.7% 5.9% 0.0% 0.9% 3.8% 47 - PDF
PKR 18,000 Generated 2015-06-01 12.0 months N/A PKR 4,492.85 46.1% 36.7% 4.9% 0.0% 0.8% 3.7% 48 - PDF
PKR 20,000 Generated 2015-06-01 12.0 months N/A PKR 4,934.05 45.4% 36.7% 4.4% 0.0% 0.7% 3.6% 48 - PDF
PKR 21,000 Generated 2015-06-01 12.0 months N/A PKR 5,154.66 45.2% 36.7% 4.2% 0.0% 0.6% 3.7% 49 - PDF
PKR 22,000 Generated 2015-06-01 12.0 months N/A PKR 5,375.26 49.1% 36.7% 4.0% 0.0% 0.6% 7.8% 45 - PDF
PKR 23,000 Generated 2015-06-01 12.0 months N/A PKR 5,595.86 44.7% 36.7% 3.8% 0.0% 0.6% 3.6% 49 - PDF
PKR 24,000 Generated 2015-06-01 12.0 months N/A PKR 5,816.47 48.7% 36.7% 3.7% 0.0% 0.5% 7.8% 45 - PDF
PKR 25,000 Generated 2015-06-01 12.0 months N/A PKR 6,037.07 48.5% 36.7% 3.5% 0.0% 0.6% 7.7% 45 - PDF

Full Pricing Data

Microluz samples
Sample 1Sample 2Sample 3
Loan AmountUSD 2,000USD 4,000USD 8,000
Loan Cycle (1, 2, 3, etc)2Not Known6
Disbursement Date2010-07-072010-07-262010-07-02
Loan Term (Months)5.0 months24.0 months12.0 months
Grace Period (Months)0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot Known
True Price by Comp     
Interest and Fee Component25.3%20.3%20.3%
Insurance Component0.3%0.3%0.3%
Tax Component0.0%0.0%0.0%
Deposit Component2.7%2.2%2.2%
Full APR (int fee ins tax dep)28.4%22.8%22.8%
Transparency Index678383
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
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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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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