| Outstanding portfolio (PKR) | PKR 179,275,918 |
| Portfolio (USD) | USD 1,829,346.10 |
| Active Clients with Loans | 2,939 |
| Approximate % Female Clients | 0% - 20% |
| Approximate % Urban Clients | 40% - 60% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | x |
| Income generation | |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | |
| Group meetings | |
| Credit insurance | x |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services |
| Men | x |
| Women | x |
| Must run a business | |
| Must own a home or land | |
| Must be a salaried worker | x |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | 6 |
| # Regions for this product | 6 |
| Regions Active | Azad Kashmir, Balochistan, Gilgit-Baltistan, Khyber Pakhtunkwa, Punjab, Sindh |
| Currency | PKR |
| Minimum loan size | PKR 20,000 |
| Maximum loan size | 150,000 |
| Loans less than PKR 10,000 | 0 |
| PKR 10,000-25,000 | 5% |
| PKR 25,000-50,000 | 15% |
| PKR 50,000-75,000 | 20% |
| PKR 75,000-150,000 | 60% |
| Greater than PKR 150,000 | 60% |
| Shortest loan term | 6.0 months |
| Longest loan term | 36.0 months |
| Approx average | 24.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 5% |
| Between 7 and 9 months | 5% |
| Between 10 and 12 months | 20% |
| Between 13 and 18 months | 20% |
| Longer than 18 months | 50% |
| 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 | 30.00% |
| Highest quoted nominal interest | 32.00% |
| Reason(s) why interest rate varies | Loan tenor |
| 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 | 400 |
| Fixed amount - max | 1,276 |
| 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 |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | PKR 30,000 | PKR 50,000 | PKR 90,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2013-08-05 | 2013-02-20 | 2013-06-11 | ||
| Loan Term (Months) | 37.0 months | 24.0 months | 37.0 months | ||
| Grace Period (Months) | 0.0 months | -0.1 months | 0.0 months | ||
| Total Cost of Credit | PKR 17,515 | PKR 19,400 | PKR 51,946 | ||
| True Price by Comp | |||||
| Interest price component | 31.7% | 32.8% | 31.7% | ||
| Fee Component | 1.0% | 0.8% | 0.5% | ||
| 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) | 32.7% | 33.6% | 32.2% | ||
| Transparency Index | N/A | N/A | N/A | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Institution Type | Non-Governmental Organization |
| Is this institution regulated? | Yes |
| Website address | N/A |
| Year established | 1991 |
| Head of Institution | Brahmanand Hegde |
| Regions active | |
| # Branches | 13 |
| Total Portfolio (nat'l) | INR 130,679,313 |
| Total Portfolio (USD) | USD 2,465,647.42 |
| Active clients with loans | 11,673 |
| Approximate % female clients | 80% - 100% |
| Approximate % urban clients | 0% - 20% |
| Network affiliations |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High Ticket livelihood Group Loan Product | INR 18,750 - 24,750 | 18 - 24 | 80% - 100% | 0% - 20% | Business, Housing, Education | Women, Have business, Have home or land | Group Mtgs | |||||||
| Standard Ticket Loan | INR 12,850 - 15,250 | 18 | 80% - 100% | 0% - 20% | Business, Housing, Education | Women, Have business, Have home or land, Min 2 members per group to have own house or shop |
| Product Name | APR (int) | MFIN MFI Earning (Annualised) | MFIN Cost to Borrower (Annualised) | COMPLIANCE WITH RBI GUIDELINES ON INTEREST METHOD | COMPLIANCE WITH RBI GUIDELINES ON PROCESSING FEES | COMPLIANCE WITH RBI GUIDELINES ON INSURANCE PREMIUM | MFIN Transparency Index | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High Ticket livelihood Group Loan Product | 0% | 29.4% - 30.1% | 30.8% - 31.8% | N/A | ||||||||||
| Standard Ticket Loan | 0% | 30.2% - 30.3% | 31% - 32.1% | N/A |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High Ticket livelihood Group Loan Product | 27.0% annual, Decl Bal | 1 Fee | 1 Ins | None | N/A | 29.4% - 30.1% | 30.8% - 31.8% | 87 | ||||||||
| Standard Ticket Loan | 27.0% annual, Decl Bal | 1 Fee | 1 Ins | None | N/A | 30.2% - 30.3% | 31% - 32.1% | 85 |
| Key Statistics | |
|---|---|
| # Samples: | |
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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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