| Institution Type | Non-Governmental Organization |
| Is this institution regulated? | No |
| Website address | http://www.mojaz.org |
| Year established | 2008 |
| Head of Institution | Gulshan Kaur |
| Regions active | Punjab |
| # Branches | 4 |
| Total Portfolio (nat'l) | PKR 246,000,000 |
| Total Portfolio (USD) | USD 2,415,720 |
| Active clients with loans | 13,417 |
| Approximate % female clients | 40% - 60% |
| Approximate % urban clients | 20% - 40% |
| Network affiliations | Pakistan Center for Philanthropy, Human Resource Development Network |
| Funders | Pakistan Poverty Alleviation Fund, Orix Leasing, Orangi Charitable Trust |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Regular Loan | PKR 10,000 - 75,000 | 12 - 18 | 40% - 60% | 0% - 20% | Business, Agriculture, Livestock | Women, Men, Have business | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training | |||||||
| Seasonal Loan | PKR 10,000 - 75,000 | 3 - 6 | 40% - 60% | 0% | Agriculture, Other, Livestock | Women, Men, Must be involved in agriculture activity | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Regular Loan | 20.0% annual, Flat | 1 Fee | 1 Ins | None | N/A | 39.3% | 41.3% | 48 | ||||||||
| Seasonal Loan | 24.0% annual, Decl Bal | 1 Fee | 1 Ins | None | N/A | 30.2% | 32.3% | 74 |
| Outstanding portfolio (PHP) | PHP 93,277,693 |
| Portfolio (USD) | USD 2,231,523.76 |
| Active Clients with Loans | 7,662 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 40% - 60% |
| Any purpose | x |
| Income generation | |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | |
| Group meetings | |
| Credit insurance | |
| Workplace visits | x |
| 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 | x |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | |
| Other (2) |
| Currency | PHP |
| Minimum loan size | PHP 3,000 |
| Maximum loan size | 150,000 |
| Shortest loan term | 1.0 month |
| Longest loan term | 6.0 months |
| Approx average | 4.0 months |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | x |
| Irregular payments |
| Lowest quoted nominal interest | 4.00% |
| Highest quoted nominal interest | 4.00% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Service Charge |
| % of loan amount - min | 1.00% |
| % of loan amount - max | 1.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | |
| Appears on Repayment Sched? | No |
| Ins 1 | |
|---|---|
| Description | Credit Insurance |
| % of loan amount - min | 1.00% |
| % of loan amount - max | 1.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | |
| Do borrowers control deposit in their group? | Yes |
| % loan amount deposited | 1.00% |
| or, Fixed-amount deposited | PHP 500 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | Access During |
| Minimum interest rate paid | 5.00% |
| Maximum interest rate paid | 5.00% |
| Interest payment frequency | Annually |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | PHP 3,000 | PHP 8,000 | PHP 15,000 | PHP 30,000 | PHP 50,000 | PHP 90,000 | |||||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
| Disbursement Date | 2011-07-01 | 2011-07-01 | 2011-06-08 | 2011-06-10 | 2011-06-27 | 2011-07-18 | |||||
| Loan Term (Months) | 3.0 months | 3.0 months | 3.0 months | 3.0 months | 3.0 months | 3.0 months | |||||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||||
| Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
| True Price by Comp | |||||||||||
| Interest and Fee Component | 59.3% | 59.3% | 59.3% | 59.3% | 59.3% | 59.3% | |||||
| Insurance Component | 5.3% | 5.3% | 5.3% | 5.3% | 5.3% | 5.3% | |||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
| Deposit Component | 15.4% | 5.5% | 1.3% | 1.9% | 1.4% | 1.1% | |||||
| Full APR (int fee ins tax dep) | 80.0% | 70.1% | 65.9% | 66.5% | 66.0% | 65.7% | |||||
| Transparency Index | 60 | 69 | 73 | 72 | 73 | 73 | |||||
| Original Repayment Schedule | |||||||||||
| MFT Pricing Calculation |
| 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 |
| Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
|---|---|---|---|---|---|---|---|
