| Institution Type | Non-Governmental Organization |
| Is this institution regulated? | Yes |
| Website address | http://www.agahe.org.pk/ |
| Year established | 2001 |
| Head of Institution | Mubarak Ali Sarwar |
| Regions active | Punjab |
| # Branches | 5 |
| Total Portfolio (nat'l) | PKR 81,185,156 |
| Total Portfolio (USD) | USD 797,238.23 |
| Active clients with loans | 7,365 |
| Approximate % female clients | 80% - 100% |
| Approximate % urban clients | 0% - 20% |
| Network affiliations | Punjab Micro Finance Network, Human Resource Development Network, Punjab NGO Coordination Council, Pakistan Center for Philanthropy |
| Funders | Pakistan Poverty Alleviation Fund, Water Aid, IOM, UN-OCHA / ERF |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| General Loans | PKR 15,000 - 30,000 | 12 | 80% - 100% | 0% - 20% | Business, Agriculture | Women, Men, Have business, Have home or land, Salaried worker, Specific age group | Group Mtgs, Credit Ins, Business Training |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| General Loans | 20.0% annual, Flat | 1 Fee | 1 Ins | None | N/A | 37.3% - 37.6% | 39.3% - 39.6% | 50 |
| Outstanding portfolio (INR) | INR 376,000,000 |
| Portfolio (USD) | USD 7,094,339.62 |
| Active Clients with Loans | 26,973 |
| Approximate % Female Clients | 100% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | |
| 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 | 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 | x |
| Household income <60,000 INR | x |
| Household income <120,000 INR | x |
| Must live in rural area | x |
| Must lives in urban area | x |
| Other | Must be economically active |
| Other (2) |
| # Regions for this institution | 1 |
| # Regions for this product | 1 |
| Regions Active | Gujarat |
| Currency | INR |
| Minimum loan size | INR 15,000 |
| Maximum loan size | 25,000 |
| Loans less than INR 5,000 | 0 |
| INR 5,000-15,000 | 0 |
| INR 15,000-25,000 | 100% |
| INR 25,000-35,000 | 0 |
| INR 35,000-45,000 | 0 |
| Greater than INR 45,000 | 0 |
| Shortest loan term | 15.0 months |
| Longest loan term | 24.0 months |
| Approx average | DK |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 0 |
| Between 13 and 18 months | 40% |
| Longer than 18 months | 60% |
| Grace period usage | 100% |
| Average grace period | 1.0 month |
| Daily | |
| Weekly | |
| Every 2 weeks | x |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 26.00% |
| Highest quoted nominal interest | 28.50% |
| Reason(s) why interest rate varies | Time as Client, To comply with extant RBI guidelines on pricing |
| 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 | Processing Fee |
| % of loan amount - min | 1.00% |
| % of loan amount - max | 1.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | Service tax extra |
| Appears on Repayment Sched? | Yes |
| Ins 1 | |
|---|---|
| Description | Life Insurance (Credit Shield) Premium |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 234 |
| Fixed amount - max | 470 |
| Reason for variation | The premium is based on period of insurance coverage which can be either 18 or 26 months as well the coverage amount which can be between 18000 to 27000 |
| 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 | 12.4% |
| All or some fees taxed | Some |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | INR 18,000 | INR 20,000 | INR 21,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2012-11-02 | 2013-03-15 | 2012-11-07 | ||
| Loan Term (Months) | 25.0 months | 24.0 months | 24.0 months | ||
| Grace Period (Months) | 0.4 months | 0.2 months | 0.2 months | ||
| Total Cost of Credit | INR 5,943.25 | INR 7,107.72 | INR 6,867.96 | ||
| True Price by Comp | |||||
| Interest price component | 25.1% | 27.9% | 26.0% | ||
| Fee Component | 1.1% | 1.0% | 1.0% | ||
| Insurance Component | 2.7% | 2.5% | 2.4% | ||
| Tax Component | 0.1% | 0.2% | 0.2% | ||
| Deposit Component | 0.0% | 0.0% | 0.0% | ||
| Full APR (int fee ins tax dep) | 29.0% | 31.6% | 29.6% | ||
| MFIN MFI Earning (Annualised) | 26.2% | 28.9% | 27.0% | ||
| MFIN Cost to Borrower (Annualised) | 29.0% | 31.6% | 29.6% | ||
| Transparency Index | 90 | 82 | 88 | ||
| MFIN Transparency Index | 100 | 93 | 100 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
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| % Products with one or more insurances | |
| % Products with compulsory deposits |
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