| Number borrowers | 43,136 |
| Loan Amount (range) | PKR 15,000 - 25,000 |
| Loan Term (range) | 6 - 12 |
| Other Services (text summary) | |
| Annual Interest & Method | 21.0% annual, Flat |
| Fees | 450.00 ongoing |
| Insurance | None |
| Tax | 16.00% fees |
| Comp Dep | 5.0%-10.0% upfront |
| Range of pricing | |
| Interest Price Component | 26.5% - 47.8% |
| Fee Component | 0.5% - 10.4% |
| Insurance Component | 0 |
| Tax Component Range | 0.1% - 1.8% |
| Full APR (int fee ins tax dep) | 46.9% - 48.3% |
| Transparency Index (min/max) | 0 - N/A |
| Transparency Index (average) | N/A |
| Outstanding portfolio (PKR) | PKR 450,549,629 |
| Portfolio (USD) | USD 4,597,445.19 |
| Active Clients with Loans | 43,136 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 60% - 80% |
| Individual | |
| Solidarity group | x |
| 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 | |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | 4 |
| # Regions for this product | N/A |
| Regions Active |
| Currency | PKR |
| Minimum loan size | PKR 15,000 |
| Maximum loan size | 25,000 |
| Loans less than PKR 10,000 | 0 |
| PKR 10,000-25,000 | 100% |
| PKR 25,000-50,000 | 0 |
| PKR 50,000-75,000 | 0 |
| PKR 75,000-150,000 | 0 |
| Greater than PKR 150,000 | 0 |
| Shortest loan term | 6.0 months |
| Longest loan term | 12.0 months |
| Approx average | 20,000.0 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 |
| Lowest quoted nominal interest | 21.00% |
| Highest quoted nominal interest | 21.00% |
| 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 | 0 |
| OR, Fixed amount - min | 450 |
| Fixed amount - max | 450 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | Yes |
| Required for | All |
| Criteria | Mandatory Savings deduct for all Group Loan customers |
| Is deposit indicated on the repayment schedule? | Yes |
| Do borrowers control deposit in their group? | Yes |
| % loan amount deposited | 5.00% - 10.00% |
| 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 | 0 |
| Maximum interest rate paid | 0 |
| Interest payment frequency | N/A |
| Are taxes charged on this product? | Yes |
| Percentage of fees | 16% |
| All or some fees taxed | Some |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | PKR 19,478 | PKR 19,478 | PKR 24,478 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2013-09-04 | 2013-08-19 | 2013-06-24 | ||
| Loan Term (Months) | 12.0 months | 12.0 months | 12.0 months | ||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
| Total Cost of Credit | PKR 5,073.96 | PKR 4,929.96 | PKR 5,774.04 | ||
| True Price by Comp | |||||
| Interest price component | 40.1% | 38.8% | 36.9% | ||
| Fee Component | 3.7% | 3.7% | 2.9% | ||
| Insurance Component | 0.0% | 0.0% | 0.0% | ||
| Tax Component | 0.6% | 0.6% | 0.5% | ||
| Deposit Component | 3.9% | 3.8% | 7.9% | ||
| Full APR (int fee ins tax dep) | 48.3% | 46.9% | 48.2% | ||
| Transparency Index | N/A | N/A | N/A | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Key Statistics | |
|---|---|
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| # 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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