| Number borrowers | 54,724 |
| Loan Amount (range) | PKR 15,000 - 150,000 |
| Loan Term (range) | 3 - 18 |
| Other Services (text summary) | Group Mtgs, Credit Ins |
| Annual Interest & Method | 38.4% annual, Decl Bal |
| Fees | 550.00-1,250.00 upfront |
| Insurance | None |
| Tax | 16.00% fees |
| Comp Dep | N/A |
| Range of pricing | |
| Interest Price Component | 4.0% - 41.0% |
| Fee Component | 0.4% - 8.6% |
| Insurance Component | 0 |
| Tax Component Range | 0 - 0.9% |
| Full APR (int fee ins tax dep) | 30.0% - 38.2% |
| Transparency Index (min/max) | 0 - N/A |
| Transparency Index (average) | N/A |
| 89,438 |
| INR 8,000 - 22,000 |
| 12 |
| Credit Educ, Group Mtgs, Credit Ins |
| 12.5% annual, Flat |
| 1.00%-2.00% upfront |
| 145.00 upfront |
| None |
| N/A |
| N/A |
| 26.2% - 27.7% (Int+Fee) |
| 0 - 4.4% |
| 0 |
| 28.3% - 32.2% |
| 39 - 45 |
| 41 |
| Outstanding portfolio (PKR) | PKR 835,981,703 |
| Portfolio (USD) | USD 8,530,425.54 |
| Active Clients with Loans | 54,724 |
| Approximate % Female Clients | 0% - 20% |
| Approximate % Urban Clients | 80% - 100% |
| Individual | x |
| 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 | x |
| Credit insurance | x |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services |
| 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 | Start up can also avail loan facility |
| Other (2) |
| # Regions for this institution | 6 |
| # Regions for this product | 6 |
| Regions Active | Azad Kashmir, Balochistan, Gilgit-Baltistan, Khyber Pakhtunkwa, Punjab, Sindh |
| Outstanding portfolio (INR) | INR 611,010,500 |
| Portfolio (USD) | USD 11,528,500 |
| Active Clients with Loans | 89,438 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 80% - 100% |
| Individual | |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other | A fast track model - drawn upon the positive features of 'Grameen' and 'SHG' methodology.\r |
| 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 | |
| Other training | |
| Other | |
| Other (2) | |
| No other services |
| 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 | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Currency | PKR |
| Minimum loan size | PKR 15,000 |
| Maximum loan size | 150,000 |
| Loans less than PKR 10,000 | 0 |
| PKR 10,000-25,000 | 5% |
| PKR 25,000-50,000 | 10% |
| PKR 50,000-75,000 | 15% |
| PKR 75,000-150,000 | 70% |
| Greater than PKR 150,000 | 70% |
| Shortest loan term | 3.0 months |
| Longest loan term | 18.0 months |
| Approx average | 15.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 10% |
| Between 7 and 9 months | 5% |
| Between 10 and 12 months | 80% |
| Between 13 and 18 months | 5% |
| 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 | INR |
| Minimum loan size | INR 8,000 |
| Maximum loan size | 22,000 |
| 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 | 0 |
| Average grace period | 0 |
| 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 | 38.40% |
| Highest quoted nominal interest | 38.40% |
| 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 | Loan Processing Fee |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 550 |
| Fixed amount - max | 1,250 |
| Reason for variation | Fee applies on different loan slabs. Insurance fee is part of processing fee |
| 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 | 12.50% |
| Highest quoted nominal interest | 12.50% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Processing Fee |
| % of loan amount - min | 1.00% |
| % of loan amount - max | 2.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | Yes |
| Ins 1 | |
|---|---|
| Description | Documentation Charges + Insurance (Saadhana Social Security Scheme) |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 145 |
| Fixed amount - max | 145 |
| 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? | No |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | PKR 20,000 | PKR 50,000 | PKR 50,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2013-03-25 | 2013-03-20 | 2013-03-20 | ||
| Loan Term (Months) | 12.0 months | 12.0 months | 14.1 months | ||
| Grace Period (Months) | 0.0 months | 0.0 months | 2.0 months | ||
| Total Cost of Credit | PKR 4,322 | PKR 9,756 | PKR 22,829 | ||
| True Price by Comp | |||||
| Interest price component | 31.3% | 31.3% | 28.9% | ||
| Fee Component | 6.9% | 2.7% | 1.1% | ||
| Insurance Component | 0.0% | 0.0% | 0.0% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 0.0% | 0.0% | 0.0% | ||
| Full APR (int fee ins tax dep) | 38.2% | 34.0% | 30.0% | ||
| Transparency Index | N/A | N/A | N/A | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | INR 10,000 | INR 10,000 | INR 20,000 | INR 20,000 | |||
| Loan Cycle (1, 2, 3, etc) | 1 | 1 | 6 | 7 | |||
| Disbursement Date | 2010-06-01 | 2010-06-01 | 2010-06-01 | 2010-06-01 | |||
| Loan Term (Months) | 11.7 months | 11.7 months | 11.7 months | 11.7 months | |||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||
| Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | |||
| True Price by Comp | |||||||
| Interest and Fee Component | 27.7% | 27.7% | 26.2% | 26.2% | |||
| Insurance Component | 4.4% | 4.4% | 2.2% | 2.2% | |||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Full APR (int fee ins tax dep) | 32.2% | 32.2% | 28.3% | 28.3% | |||
| MFIN MFI Earning (Annualised) | 27.7% | 27.7% | 26.2% | 26.2% | |||
| MFIN Cost to Borrower (Annualised) | 32.2% | 32.2% | 28.3% | 28.3% | |||
| Transparency Index | 39 | 39 | 44 | 44 | |||
| MFIN Transparency Index | N/A | N/A | N/A | N/A | |||
| 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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