2. AGAHE
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. Fusion
Please note that the information you are viewing is 139 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Association for Gender Awareness & Human Empowerment 3-A Lalazar Colony, Phase 2, Raiwind RoadLahore, Punjab
Data approved: 2015-05-04
Data version: 2
Age of data: 113 months
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Institution

Fusion Microfinance Pvt. Ltd. 303-304, 3rd Floor, Building No.2Community Center, Phase-1, NarainaNew DelhiPO Box 110052
Data approved: 2013-05-03
Data version: 2
Age of data: 139 months
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Product

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Product Summary

Number borrowers7,360
Loan Amount (range)PKR 15,000 - 30,000
Loan Term (range)12
Other Services (text summary)Group Mtgs, Credit Ins, Business Training
Annual Interest & Method20.0% annual, Flat
Fees1.50% upfront
Insurance1.00% upfront
TaxNone
Comp DepN/A
Range of pricing 
Interest Price Component34.4% - 34.7%
Fee Component2.9% - 3.0%
Insurance Component2.0%
Tax Component Range0
Full APR (int fee ins tax dep)39.3% - 39.6%
Transparency Index (min/max)50 - 51
Transparency Index (average)50

Product Summary

58,139
INR 12,000 - 15,000
17
Credit Educ, Group Mtgs, Credit Ins
26.0%-28.0% annual, Decl Bal
1.00% upfront
1.20% upfront
12.36% fees
N/A
 
28.0% - 28.5%
1.1% - 1.6%
1.3% - 1.8%
0.1% - 0.2%
31.5% - 32.0%
81 - 85
82

Product Details

Key Statistics
Outstanding portfolio (PKR)PKR 81,039,323
Portfolio (USD)USD 795,806.15
Active Clients with Loans7,360
Approximate % Female Clients80% - 100%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
OtherGroup Lending with Social Collateral
Description
Range of loan amount in this product is Rs. 5,000 to Rs. 30,000 but generally we disburse Rs. 15,000 in 1st loan cycle.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculturex
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetingsx
Credit insurancex
Workplace visits
Business trainingx
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or landx
Must be a salaried workerx
Must be specific age groupx
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 (INR)INR 450,726,939.90
Portfolio (USD)USD 8,504,281.89
Active Clients with Loans58,139
Approximate % Female Clients100%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
This product is designed for income generating purpose with a loan size ranging from Rs 12,000 to Rs 15,000.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculturex
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Men
Womenx
Must run a business
Must own a home or landx
Must be a salaried worker
Must be specific age groupx
Household income <60,000 INRx
Household income <120,000 INRx
Must live in rural area
Must lives in urban area
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution1
# Regions for this product4
Regions ActiveMadhya Pradesh, Uttar Pradesh, Uttarakhand, National Capital Territory of Delhi

Loan Conditions

Loan Amount
CurrencyPKR
Minimum loan sizePKR 15,000
Maximum loan size30,000
Distribution at Disbursement (Est.)
Loans less than PKR 10,0000
PKR 10,000-25,00090%
PKR 25,000-50,00010%
PKR 50,000-75,0000
PKR 75,000-150,0000
Greater than PKR 150,0000
Loan Term and Grace Period
Shortest loan term12.0 months
Longest loan term12.0 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 months100%
Between 13 and 18 months0
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
CurrencyINR
Minimum loan sizeINR 12,000
Maximum loan size15,000
Distribution at Disbursement (Est.)
Loans less than INR 5,0000
INR 5,000-15,000100%
INR 15,000-25,0000
INR 25,000-35,0000
INR 35,000-45,0000
Greater than INR 45,0000
Loan Term and Grace Period
Shortest loan term17.0 months
Longest loan term17.0 months
Approx average17.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months0
Between 13 and 18 months100%
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeksx
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest20.00%
Highest quoted nominal interest20.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionDocumentation Charges
% of loan amount - min1.50%
% of loan amount - max1.50%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsurance Fees
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
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 interest26.00%
Highest quoted nominal interest28.00%
Reason(s) why interest rate variesInterest rates were revised, hence different rates
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionLife Insurance
% of loan amount - min1.20%
% of loan amount - max1.20%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
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?Yes
Percentage of fees12.4%
All or some fees taxedAll

Full Pricing Data

General Loans 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 15,000 Real 2015-04-06 12.0 months N/A PKR 3,375 39.6% 34.7% 2.9% 2.0% 0.0% 0.0% 50 PDF PDF
PKR 15,000 Generated 2015-05-01 12.0 months N/A PKR 3,366.78 39.6% 34.6% 3.0% 2.0% 0.0% 0.0% 51 - PDF
PKR 25,000 Real 2015-03-12 12.0 months N/A PKR 5,625 39.3% 34.4% 2.9% 2.0% 0.0% 0.0% 51 PDF PDF
PKR 25,000 Generated 2015-05-01 12.0 months N/A PKR 5,611.30 39.6% 34.6% 3.0% 2.0% 0.0% 0.0% 51 - PDF
PKR 16,000 Generated 2015-05-01 12.0 months N/A PKR 3,591.23 39.6% 34.6% 3.0% 2.0% 0.0% 0.0% 51 - PDF
PKR 18,000 Generated 2015-05-01 12.0 months N/A PKR 4,040.14 39.6% 34.6% 3.0% 2.0% 0.0% 0.0% 51 - PDF
PKR 20,000 Generated 2015-05-01 12.0 months N/A PKR 4,489.04 39.6% 34.6% 3.0% 2.0% 0.0% 0.0% 51 - PDF
PKR 22,000 Generated 2015-05-01 12.0 months N/A PKR 4,937.95 39.6% 34.6% 3.0% 2.0% 0.0% 0.0% 51 - PDF
PKR 26,000 Generated 2015-05-01 12.0 months N/A PKR 5,835.75 39.6% 34.6% 3.0% 2.0% 0.0% 0.0% 51 - PDF
PKR 30,000 Generated 2015-05-01 12.0 months N/A PKR 6,733.56 39.6% 34.6% 3.0% 2.0% 0.0% 0.0% 51 - PDF

Full Pricing Data

IGL 12K-15k samples
Sample 1Sample 2Sample 3
Loan AmountINR 12,000INR 12,000INR 15,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2013-02-142013-02-152013-03-14
Loan Term (Months)17.0 months17.0 months17.0 months
Grace Period (Months)0.0 months-0.1 months0.0 months
Total Cost of CreditINR 2,854.83INR 2,854.83INR 3,568.54
True Price by Comp     
Interest price component28.1%28.4%28.0%
Fee Component1.5%1.6%1.5%
Insurance Component1.8%1.8%1.8%
Tax Component0.2%0.2%0.2%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)31.6%32.0%31.5%
MFIN MFI Earning (Annualised)29.6%30.0%29.5%
MFIN Cost to Borrower (Annualised)31.6%32.0%31.5%
Transparency Index828183
MFIN Transparency Index10099100
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula
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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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