Number borrowers | 458 |
Loan Amount (range) | PKR 35,000 - 150,000 |
Loan Term (range) | 3 - 12 |
Other Services (text summary) | Credit Ins |
Annual Interest & Method | 24.0% annual, Decl Bal |
Fees | 550.00-1,450.00 upfront 500.00 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) | 25.3% - 26.5% |
Transparency Index (min/max) | 0 - N/A |
Transparency Index (average) | N/A |
9,295 |
INR 6,000 - 12,000 |
12 |
Credit Educ, Group Mtgs, Credit Ins |
12.0% annual, Flat |
None |
3.00% upfront |
None |
N/A |
N/A |
25.7% (Int+Fee) |
0.9% - 1.0% |
0 |
26.7% |
45 - 79 |
45 |
Outstanding portfolio (PKR) | PKR 31,831,703 |
Portfolio (USD) | USD 324,813.30 |
Active Clients with Loans | 458 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 100% |
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 | |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | 6 |
# Regions for this product | 2 |
Regions Active | Punjab, Sindh |
Outstanding portfolio (INR) | INR 26,405,230 |
Portfolio (USD) | USD 498,211.89 |
Active Clients with Loans | 9,295 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 0% - 20% |
Individual | |
Solidarity group | |
Village banking | |
Self help group | x |
Other |
Any purpose | x |
Income generation | |
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 35,000 |
Maximum loan size | 150,000 |
Loans less than PKR 10,000 | 0 |
PKR 10,000-25,000 | 0 |
PKR 25,000-50,000 | 20% |
PKR 50,000-75,000 | 50% |
PKR 75,000-150,000 | 30% |
Greater than PKR 150,000 | 30% |
Shortest loan term | 3.0 months |
Longest loan term | 12.0 months |
Approx average | 12.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 5% |
Between 7 and 9 months | 5% |
Between 10 and 12 months | 90% |
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 | x |
Every 6 months | |
Every 12 months | |
Single end payment | x |
Irregular payments |
Currency | INR |
Minimum loan size | INR 6,000 |
Maximum loan size | 12,000 |
Loans less than INR 5,000 | 0 |
INR 5,000-15,000 | 100% |
INR 15,000-25,000 | 0 |
INR 25,000-35,000 | 0 |
INR 35,000-45,000 | 0 |
Greater than INR 45,000 | 0 |
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 | |
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 | 24.00% |
Highest quoted nominal interest | 24.00% |
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 | Fee 2 | ||
---|---|---|---|
Description | loan processing feee | Jewelery Appraisal Fee | |
% of loan amount - min | 0 | 0 | |
% of loan amount - max | 0 | 0 | |
OR, Fixed amount - min | 550 | 500 | |
Fixed amount - max | 1,450 | 500 | |
Reason for variation | Fee applies on different loan slabs. Insurance fee is part of processing fee | N/A | |
Appears on Repayment Sched? | Yes | 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 | 12.00% |
Highest quoted nominal interest | 12.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Ins 1 | |
---|---|
Description | Upfront and Insurance |
% of loan amount - min | 3.00% |
% of loan amount - max | 3.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
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 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | PKR 48,000 | PKR 53,000 | PKR 100,000 | PKR 102,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2013-01-08 | 2013-07-09 | 2013-04-08 | 2012-11-08 | |||
Loan Term (Months) | 12.0 months | 12.0 months | 12.0 months | 12.0 months | |||
Grace Period (Months) | 0.2 months | 0.2 months | 0.2 months | 0.0 months | |||
Total Cost of Credit | PKR 12,158 | PKR 13,359 | PKR 25,014 | PKR 15,139 | |||
True Price by Comp | |||||||
Interest price component | 24.0% | 24.0% | 24.0% | 23.8% | |||
Fee Component | 1.4% | 1.3% | 1.1% | 2.3% | |||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Tax Component | 0.3% | 0.2% | 0.2% | 0.4% | |||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Full APR (int fee ins tax dep) | 25.7% | 25.5% | 25.3% | 26.5% | |||
Transparency Index | N/A | N/A | N/A | N/A | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Sample 1 | |
---|---|
Loan Amount | INR 9,000 |
Loan Cycle (1, 2, 3, etc) | 1 |
Disbursement Date | 2010-08-09 |
Loan Term (Months) | 12.0 months |
Grace Period (Months) | 0 |
Total Cost of Credit | Not Known |
True Price by Comp | |
Interest and Fee Component | 25.7% |
Insurance Component | 1.0% |
Tax Component | 0 |
Deposit Component | 0 |
Full APR (int fee ins tax dep) | 26.7% |
MFIN MFI Earning (Annualised) | 25.7% |
MFIN Cost to Borrower (Annualised) | 26.7% |
Transparency Index | 45 |
MFIN Transparency Index | 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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