2. WASIL
Please note that the information you are viewing is 113 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. FITSE
Please note that the information you are viewing is 143 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

WASIL FOUNDATION 148-PModel Town ExtensionLahore, Punjab
Data approved: 2015-06-11
Data version: 1
Age of data: 113 months

Institution

Finance Trust For The Self Employed Private Bag A232Lilongwe, Central Region
Data approved: 2013-01-08
Data version: 2
Age of data: 143 months
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Product

Murabaha Product 1 of 2 « Prev | Next »

Product

Agricultural loan I (Irrigation loan - Group) Product 1 of 5 « Prev | Next »

Product Summary

Number borrowers3,982
Loan Amount (range)PKR 10,000 - 75,000
Loan Term (range)8 - 15
Other Services (text summary)
Annual Interest & Method22.0% annual, Flat
Fees1,000.00 upfront
InsuranceNone
TaxNone
Comp DepN/A
Range of pricing 
Interest Price Component37.7% - 45.1%
Fee Component2.7% - 14.7%
Insurance Component0
Tax Component Range0
Full APR (int fee ins tax dep)40.5% - 53.2%
Transparency Index (min/max)41 - 54
Transparency Index (average)48

Product Summary

115
MWK 5,000 - 100,000
4 - 12
Credit Educ, Group Mtgs, Business Training
54.00% annual, Flat
2 fees
None
None
20.00% upfront
 
43.6% - 69.1%
5.6% - 36.4%
0
0
63.7% - 70.0%
34 - 86
82

Product Details

Key Statistics
Outstanding portfolio (PKR)PKR 95,012,510
Portfolio (USD)USD 933,022.85
Active Clients with Loans3,982
Approximate % Female Clients20% - 40%
Approximate % Urban Clients20% - 40%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Murhabha is monthly installment plan, disbursed for enterprise development. This facility is eqaully available to women and men. WF is operating murabha under islamic mode of financing , through dealing in product sale and purchase.
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 institution1
# Regions for this product1
Regions ActivePunjab

Product Details

Key Statistics
Outstanding portfolio (MWK)MWK 2,757,400
Portfolio (USD)USD 7,070.26
Active Clients with Loans115
Approximate % Female Clients40% - 60%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity groupx
Village bankingx
Self help group
Other
Description
This is an irrigation based agriculture loan accessed after the rainy season (normally from April to November). The beneficiaries have to be in group between 9 to 35 people. The loan is used for farm inputs such as fertilizer and seed.
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 insurance
Workplace visits
Business trainingx
Other training
Other
Other (2)
No other services
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 institution10
# Regions for this product12
Regions ActiveKasungu, Lilongwe, Mchinji, Ntcheu, Salima, Mzimba, Nkhata Bay, Balaka, Blantyre, Mulanje, Thyolo, Zomba

Loan Conditions

Loan Amount
CurrencyPKR
Minimum loan sizePKR 10,000
Maximum loan size75,000
Distribution at Disbursement (Est.)
Loans less than PKR 10,0000
PKR 10,000-25,00010%
PKR 25,000-50,00020%
PKR 50,000-75,00070%
PKR 75,000-150,0000
Greater than PKR 150,0000
Loan Term and Grace Period
Shortest loan term8.0 months
Longest loan term15.0 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 months60%
Between 13 and 18 months40%
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
CurrencyMWK
Minimum loan sizeMWK 5,000
Maximum loan size100,000
Distribution at Disbursement (Est.)
Loans less than MWK 50,00050%
MWK 50,000-150,00050%
MWK 150,000-250,0000
MWK 250,000-350,0000
MWK 350,000-450,0000
Greater than MWK 450,0000
Loan Term and Grace Period
Shortest loan term4.0 months
Longest loan term12.0 months
Approx average10.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months90%
Between 7 and 9 months10%
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage100%
Average grace perioddk
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end paymentx
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest22.00%
Highest quoted nominal interest22.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionLoan processing fee
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min1,000
Fixed amount - max1,000
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
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?No

Pricing Information

Interest
Lowest quoted nominal interest4.50%
Highest quoted nominal interest4.50%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionApplication FeeRegistration Fee
% of loan amount - min3.00%0
% of loan amount - max3.00%0
OR, Fixed amount - min0500
Fixed amount - max0500
Reason for variationN/AOnly for 1st-cycle loans
Appears on Repayment Sched?NoNo
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?No
Deposit BEFORE or AT Disbursement
% loan amount deposited20.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositWhen Leaving
Interest Paid on Deposit
Minimum interest rate paid0
Maximum interest rate paid0
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Full Pricing Data

Murabaha samples
Loan Amount
Type of Sample
Disbursement Date
Loan Term (Months)
Grace Period (Months)
Total Cost of Credit
Full APR (int fee ins tax dep)
True Price by Component
Transparency Index
Original Repayment Schedule
MFT Pricing Calculation
Interest price component
Fee Component
Insurance Component
Tax Component
Deposit Component
PKR 30,000 Real 2015-04-24 11.0 months N/A PKR 7,600 53.2% 45.1% 8.1% 0.0% 0.0% 0.0% 41 PDF PDF
PKR 30,000 Generated 2015-06-01 11.0 months N/A PKR 7,057.53 44.8% 37.7% 7.1% 0.0% 0.0% 0.0% 49 - PDF
PKR 50,000 Real 2015-04-10 11.0 months N/A PKR 12,000.40 49.9% 45.1% 4.8% 0.0% 0.0% 0.0% 44 PDF PDF
PKR 50,000 Generated 2015-06-01 11.0 months N/A PKR 11,095.89 41.9% 37.7% 4.2% 0.0% 0.0% 0.0% 52 - PDF
PKR 15,000 Generated 2015-06-01 11.0 months N/A PKR 4,028.77 52.4% 37.7% 14.7% 0.0% 0.0% 0.0% 42 - PDF
PKR 26,000 Generated 2015-06-01 11.0 months N/A PKR 6,249.86 46.0% 37.7% 8.3% 0.0% 0.0% 0.0% 48 - PDF
PKR 29,000 Generated 2015-06-01 11.0 months N/A PKR 6,855.62 45.1% 37.7% 7.4% 0.0% 0.0% 0.0% 49 - PDF
PKR 35,000 Generated 2015-06-01 11.0 months N/A PKR 8,067.12 43.8% 37.7% 6.1% 0.0% 0.0% 0.0% 50 - PDF
PKR 45,000 Generated 2015-06-01 14.0 months N/A PKR 12,581.64 41.7% 37.8% 3.9% 0.0% 0.0% 0.0% 53 - PDF
PKR 65,000 Generated 2015-06-01 14.0 months N/A PKR 17,729.04 40.5% 37.8% 2.7% 0.0% 0.0% 0.0% 54 - PDF

Full Pricing Data

Agricultural loan I (Irrigation loan - Group) samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountMWK 15,000MWK 30,000MWK 50,000MWK 45,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2012-09-062012-09-062012-09-062012-09-06
Loan Term (Months)6.0 months6.0 months6.0 months6.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditMWK 4,550MWK 8,600MWK 14,000MWK 12,650
True Price by Comp       
Interest price component43.6%43.6%43.6%43.6%
Fee Component13.3%9.7%8.3%8.6%
Insurance Component0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component13.1%12.1%11.8%11.8%
Full APR (int fee ins tax dep)70.0%65.4%63.7%64.0%
Transparency Index77838584
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
Murabaha Price Graphs


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Agricultural loan I (Irrigation loan - Group) 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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X Axis
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