2. Mojaz
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. DECOF
Please note that the information you are viewing is 170 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

MOJAZ Foundation Opposite DCO House, District NarowalNarowal, Punjab
Data approved: 2015-05-04
Data version: 2
Age of data: 113 months
Choose version

Institution

Fundación DECOF José María Peña Nº12-35 y MercadilloLojaEC110102
Data approved: 2010-11-08
Data version: 1
Age of data: 170 months

Product

Seasonal Loan Product 2 of 2 « Prev | Next »

Product

Microcrédito (mensual) Product 1 of 2 « Prev | Next »

Product Summary

Number borrowers2,206
Loan Amount (range)PKR 10,000 - 75,000
Loan Term (range)3 - 6
Other Services (text summary)Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training
Annual Interest & Method24.0% annual, Decl Bal
Fees3.00% upfront
Insurance1.00% upfront
TaxNone
Comp DepN/A
Range of pricing 
Interest Price Component24.0% - 33.3%
Fee Component6.0% - 6.2%
Insurance Component2.0% - 2.1%
Tax Component Range0
Full APR (int fee ins tax dep)32.3%
Transparency Index (min/max)48 - 74
Transparency Index (average)74

Product Summary

400
USD 200 - 2,000
3 - 24
Group Mtgs, Credit Ins
21.0% annual, Decl Bal
None
1.00% upfront
None
7.0% upfront 4.00 ongoing
 
N/A
20.8% - 21.0% (Int+Fee)
1.1% - 4.3%
0
26.0% - 28.9%
64 - 81
77

Product Details

Key Statistics
Outstanding portfolio (PKR)PKR 72,000,000
Portfolio (USD)USD 707,040
Active Clients with Loans2,206
Approximate % Female Clients40% - 60%
Approximate % Urban Clients0
Methodology
Individualx
Solidarity groupx
Village banking
Self help group
Other
Description
Seasonla loan is disbursed to small farmers in rural areas only for a minimum period of 3 months and maximum for 9 months. It is lumpsum loan repayment loan for agriculture inputs, tools and purchase of livestock for festivals like Eid-ul-Azha.
Loan Purpose
Any purpose
Income generation
Mortgage/housing
Consumer loan
Agriculturex
Education
Other household financex
OtherLivestock
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visitsx
Business trainingx
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age group
OtherMust be involved in agriculture activity
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 (USD)USD 178,652
Portfolio (USD)USD 178,652
Active Clients with Loans400
Approximate % Female Clients80% - 100%
Approximate % Urban Clients40% - 60%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Microcredito destinado para iniciar o fortalecer pequeños negocios y cubrir imprevisto.
Loan Purpose
Any purposex
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
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 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 institutionN/A
# Regions for this productN/A
Regions Active

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 10,000-25,00060%
PKR 25,000-50,00030%
PKR 50,000-75,00010%
PKR 75,000-150,0000
Greater than PKR 150,0000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term6.0 months
Approx average6.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months100%
Between 7 and 9 months0
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace periodDK
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 monthsx
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyUSD
Minimum loan sizeUSD 200
Maximum loan size2,000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term24.0 months
Approx average10.0 months
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

Pricing Information

Interest
Lowest quoted nominal interest24.00%
Highest quoted nominal interest24.00%
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 - min3.00%
% of loan amount - max3.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionRisk Coverage 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?No
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 interest21.00%
Highest quoted nominal interest21.00%
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?Yes
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
Descriptionseguro de desgravamen
% 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?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited7.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount depositedUSD 4
Conditions on access to deposit
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

Seasonal Loan 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 10,000 Generated 2015-06-01 5.9 months N/A PKR 1,656.05 32.3% 24.0% 6.2% 2.1% 0.0% 0.0% 74 - PDF
PKR 15,000 Generated 2015-06-01 5.9 months N/A PKR 2,484.08 32.3% 24.0% 6.2% 2.1% 0.0% 0.0% 74 - PDF
PKR 20,000 Generated 2015-06-01 5.9 months N/A PKR 3,312.11 32.3% 24.0% 6.2% 2.1% 0.0% 0.0% 74 - PDF
PKR 25,000 Generated 2015-06-01 5.9 months N/A PKR 4,140.14 32.3% 24.0% 6.2% 2.1% 0.0% 0.0% 74 - PDF
PKR 30,000 Generated 2015-06-01 5.9 months N/A PKR 4,968.16 32.3% 24.0% 6.2% 2.1% 0.0% 0.0% 74 - PDF
PKR 40,000 Generated 2015-06-01 5.9 months N/A PKR 6,624.22 32.3% 24.0% 6.2% 2.1% 0.0% 0.0% 74 - PDF
PKR 50,000 Generated 2015-06-01 5.9 months N/A PKR 8,280.27 32.3% 24.0% 6.2% 2.1% 0.0% 0.0% 74 - PDF
PKR 65,000 Generated 2015-06-01 5.9 months N/A PKR 10,764.36 32.3% 24.0% 6.2% 2.1% 0.0% 0.0% 74 - PDF

Full Pricing Data

Microcrédito (mensual) samples
Sample 1Sample 2Sample 3
Loan AmountUSD 400USD 1,000USD 2,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2010-05-172010-04-012010-04-27
Loan Term (Months)6.0 months18.0 months24.0 months
Grace Period (Months)0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot Known
True Price by Comp     
Interest and Fee Component20.8%21.0%21.0%
Insurance Component3.5%1.4%1.1%
Tax Component0.0%0.0%0.0%
Deposit Component4.6%4.7%4.0%
Full APR (int fee ins tax dep)28.9%27.0%26.0%
Transparency Index737881
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
Seasonal Loan Price Graphs


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Microcrédito (mensual) 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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