Institution Type | Non-Governmental Organization |
Is this institution regulated? | Yes |
Website address | http://www.karwan.org.pk |
Year established | 1995 |
Head of Institution | Ziaullah Khan |
Regions active | Punjab |
# Branches | 1 |
Total Portfolio (nat'l) | PKR 9,260,660 |
Total Portfolio (USD) | USD 94,496.53 |
Active clients with loans | 874 |
Approximate % female clients | 60% - 80% |
Approximate % urban clients | 40% - 60% |
Network affiliations | |
Funders | Pakistan Poverty Alleviation Fund |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Business | PKR 5,000 - 50,000 | 12 | 60% - 80% | 40% - 60% | Business | Women, Men, Have business |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Business | 18.0% annual, Flat | 1 Fee | 0 | None | N/A | 35.7% | 35.7% | N/A |
Outstanding portfolio (MWK) | MWK 635,069,330 |
Portfolio (USD) | USD 1,628,382.90 |
Active Clients with Loans | 34,795 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 20% - 40% |
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 | x |
Other training | |
Other | |
Other (2) | |
No other services |
Men | x |
Women | x |
Must run a business | x |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | 16 |
# Regions for this product | 18 |
Regions Active | Dedza, Dowa, Kasungu, Lilongwe, Mchinji, Nkhotakota, Salima, ChitipaKaronga, Mzimba, Nkhata Bay, Rumphi, Blantyre, ChikwawaMangochi, Nsanje, Thyolo, Zomba |
Currency | MWK |
Minimum loan size | MWK 140,000 |
Maximum loan size | 2,800,000 |
Loans less than MWK 50,000 | 0 |
MWK 50,000-150,000 | 5% |
MWK 150,000-250,000 | 30% |
MWK 250,000-350,000 | 30% |
MWK 350,000-450,000 | 15% |
Greater than MWK 450,000 | 15% |
Shortest loan term | 4.0 months |
Longest loan term | 9.0 months |
Approx average | 6.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 50% |
Between 7 and 9 months | 50% |
Between 10 and 12 months | 0 |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 30% |
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 | 3.75% |
Highest quoted nominal interest | 3.75% |
Interest rate period | 4 Weeks |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Processing Fee |
% of loan amount - min | 3.50% |
% of loan amount - max | 3.50% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | No |
Do borrowers control deposit in their group? | No |
% loan amount deposited | 15.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | End Term |
Minimum interest rate paid | 7.00% |
Maximum interest rate paid | 7.00% |
Interest payment frequency | Monthly |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | MWK 170,000 | MWK 230,000 | MWK 390,000 | MWK 830,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2012-11-14 | 2012-10-16 | 2012-10-18 | 2012-10-11 | |||
Loan Term (Months) | 5.9 months | 7.0 months | 9.0 months | 6.0 months | |||
Grace Period (Months) | 0.9 months | 0.9 months | 0.8 months | 1.0 month | |||
Total Cost of Credit | MWK 43,019.75 | MWK 66,687.60 | MWK 140,969.58 | MWK 214,035.80 | |||
True Price by Comp | |||||||
Interest price component | 62.4% | 64.4% | 65.9% | 61.4% | |||
Fee Component | 11.5% | 10.3% | 8.5% | 11.1% | |||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 18.7% | 19.4% | 19.5% | 18.0% | |||
Full APR (int fee ins tax dep) | 92.6% | 94.1% | 93.9% | 90.5% | |||
Transparency Index | 53 | 52 | 52 | 54 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
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% Products with one or more insurances | |
% Products with compulsory deposits |
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