2. TMFB
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  2. Equitas
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Institution

Tameer Microfinance Bank A-15, Block 7/8 KCHS Union, Karachi 75350, PakistanKarachi75350
Data approved: 2013-06-05
Data version: 1
Age of data: -   months 
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Institution

Singhivi Investment & Finance Pvt. Ltd. 4th Floor, Temple Tower, 672 Anna Salai, NandanamChennai, Tamil Nadu600035
Data approved: 2013-02-20
Data version: 3
Age of data: 139 months
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Product

Karobar Loan Product 2 of 7 « Prev | Next »

Product

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Product Summary

Number borrowers31,428
Loan Amount (range)PKR 10,000 - 125,000
Loan Term (range)6 - 18
Other Services (text summary)
Annual Interest & Method21.0%-25.0% annual, Flat
Fees0.00%-2.50%, 600.00 min ongoing
InsuranceNone
Tax16.00% fees
Comp DepN/A
Range of pricing 
Interest Price Component26.5% - 47.8%
Fee Component0.5% - 10.4%
Insurance Component0
Tax Component Range0.1% - 1.8%
Full APR (int fee ins tax dep)41.0% - 49.0%
Transparency Index (min/max)0 - N/A
Transparency Index (average)N/A

Product Summary

540,000
INR 12,000 - 18,000
18 - 24
Credit Educ, Group Mtgs, Credit Ins
25.5% annual, Decl Bal
1.00% upfront
1.46% upfront
12.36% fees
N/A
 
24.4% - 25.4%
1.0% - 2.1%
1.5% - 2.2%
0.1% - 0.3%
27.7% - 29.1%
87 - 92
90

Product Details

Key Statistics
Outstanding portfolio (PKR)PKR 529,732,577
Portfolio (USD)USD 5,405,434.46
Active Clients with Loans31,428
Approximate % Female Clients0% - 20%
Approximate % Urban Clients60% - 80%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Karobar Loan is designed to cater to the financial needs of men and women either self employed or managing a micro level business, residing in Tameer target areas.
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 businessx
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 institution4
# Regions for this productN/A
Regions Active

Product Details

Key Statistics
Outstanding portfolio (INR)INR 5,710,000,000
Portfolio (USD)USD 107,735,849.10
Active Clients with Loans540,000
Approximate % Female Clients80% - 100%
Approximate % Urban Clients80% - 100%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Primary microcredit loan given under the JLG model for the purpose of capital infusion into members for existing business.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Men
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
Household income <60,000 INRx
Household income <120,000 INRx
Must live in rural area
Must lives in urban area
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution2
# Regions for this product5
Regions ActiveGujarat, Madhya Pradesh, Rajasthan, Tamil Nadu, Puducherry

Loan Conditions

Loan Amount
CurrencyPKR
Minimum loan sizePKR 10,000
Maximum loan size125,000
Distribution at Disbursement (Est.)
Loans less than PKR 10,0000
PKR 10,000-25,00020%
PKR 25,000-50,00060%
PKR 50,000-75,00015%
PKR 75,000-150,0005%
Greater than PKR 150,0005%
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term18.0 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
CurrencyINR
Minimum loan sizeINR 12,000
Maximum loan size18,000
Distribution at Disbursement (Est.)
Loans less than INR 5,0000
INR 5,000-15,00050%
INR 15,000-25,00050%
INR 25,000-35,0000
INR 35,000-45,0000
Greater than INR 45,0000
Loan Term and Grace Period
Shortest loan term18.0 months
Longest loan term24.0 months
Approx average24.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months0
Between 13 and 18 months10%
Longer than 18 months90%
Grace Period
Grace period usage100%
Average grace periodDK
Repayment Frequency
Daily
Weeklyx
Every 2 weeksx
Every 4 weeksx
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest21.00%
Highest quoted nominal interest25.00%
Reason(s) why interest rate variesLoan Size
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
Ongoing Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min0
% of loan amount - max2.50%
OR, Fixed amount - min600
Fixed amount - max0
Reason for variation% of Loan or Fixed amount, whichever is higher
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 forNever
CriteriaN/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 depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
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 interest25.50%
Highest quoted nominal interest25.50%
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionTerm Life Insurance
% of loan amount - min1.46%
% of loan amount - max1.46%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/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 depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?Yes
Percentage of fees12.4%
All or some fees taxedSome

Full Pricing Data

Karobar Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountPKR 9,304PKR 24,275PKR 48,550PKR 101,955
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2013-01-152013-05-052013-05-012013-06-10
Loan Term (Months)12.0 months12.0 months12.0 months24.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditPKR 2,696.04PKR 5,857.04PKR 12,205.96PKR 53,445
True Price by Comp       
Interest price component37.2%36.3%37.9%41.3%
Fee Component10.2%4.1%4.1%1.8%
Insurance Component0.0%0.0%0.0%0.0%
Tax Component1.6%0.6%0.6%0.3%
Deposit Component0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)49.0%41.0%42.6%43.4%
Transparency IndexN/AN/AN/AN/A
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF

Full Pricing Data

Second Cycle Loan samples
Sample 1Sample 2Sample 3
Loan AmountINR 15,000INR 14,000INR 15,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2013-02-282013-02-282013-02-28
Loan Term (Months)24.0 months17.0 months24.0 months
Grace Period (Months)0.2 months0.0 months0.1 months
Total Cost of CreditINR 4,587.54INR 3,073.30INR 4,601
True Price by Comp     
Interest price component24.9%25.3%25.0%
Fee Component1.1%1.4%1.0%
Insurance Component1.6%2.2%1.6%
Tax Component0.1%0.2%0.1%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)27.7%29.1%27.7%
MFIN MFI Earning (Annualised)26.0%26.7%26.0%
MFIN Cost to Borrower (Annualised)27.7%29.1%27.7%
Transparency Index928892
MFIN Transparency Index100100100
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula
Karobar Loan Price Graphs


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Second Cycle Loan Price Graphs


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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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