Institution Type | Non-Governmental Organization |
Is this institution regulated? | Yes |
Website address | http://www.nrdp.org |
Year established | 1992 |
Head of Institution | Mirza Moqeem Baig |
Regions active | Punjab |
# Branches | 5 |
Total Portfolio (nat'l) | PKR 70,423,958 |
Total Portfolio (USD) | USD 718,611.82 |
Active clients with loans | 4,799 |
Approximate % female clients | 60% - 80% |
Approximate % urban clients | 20% - 40% |
Network affiliations | |
Funders | Pakistan Poverty Alleviation Fund (PPAF), ORIX Leasing Pakistan Ltd. |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
General Loan | PKR 10,000 - 75,000 | 12 | 40% - 60% | 20% - 40% | Business | Women, Men, Have business, Specific age group, Productive Loans for legal business (Small) | Credit Educ, Group Mtgs, Tech Asst Visits, Business Training | |||||||
Seasonal Loan | PKR 10,000 - 30,000 | 6 | 40% - 60% | 0% | Agriculture | Women, Men, Specific age group | Credit Educ, Group Mtgs, Tech Asst Visits, Business Training |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
General Loan | 20.0% annual, Flat | 1 Fee | 0 Ins | None | N/A | 38.5% - 38.7% | 38.5% - 38.7% | N/A | ||||||||
Seasonal Loan | 30.0% annual, Flat | 1 Fee | 0 Ins | None | N/A | 32.3% | 32.3% | N/A |
Outstanding portfolio (MWK) | MWK 513,157,530 |
Portfolio (USD) | USD 1,315,788.54 |
Active Clients with Loans | 3,548 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 40% - 60% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | x |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | |
Group meetings | |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services |
Men | x |
Women | x |
Must run a business | |
Must own a home or land | |
Must be a salaried worker | x |
Must be specific age group | |
Other | Age must be above 18 years |
Other (2) |
# Regions for this institution | 16 |
# Regions for this product | 19 |
Regions Active | Dedza, Dowa, Kasungu, Lilongwe, Mchinji, Nkhotakota, Salima, ChitipaKaronga, Mzimba, Nkhata Bay, Rumphi, Blantyre, ChikwawaMangochi, Mulanje, Nsanje, Thyolo, Zomba |
Currency | MWK |
Minimum loan size | MWK 15,000 |
Maximum loan size | 4,000,000 |
Loans less than MWK 50,000 | 10% |
MWK 50,000-150,000 | 20% |
MWK 150,000-250,000 | 20% |
MWK 250,000-350,000 | 20% |
MWK 350,000-450,000 | 10% |
Greater than MWK 450,000 | 10% |
Shortest loan term | 3.0 months |
Longest loan term | 48.0 months |
Approx average | 12.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 10% |
Between 7 and 9 months | 10% |
Between 10 and 12 months | 20% |
Between 13 and 18 months | 20% |
Longer than 18 months | 40% |
Grace period usage | 30% |
Average grace period | 1.0 month |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 45.00% |
Highest quoted nominal interest | 45.00% |
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 | 3.00% |
% of loan amount - max | 3.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
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? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | MWK 20,000 | MWK 50,000 | MWK 100,000 | MWK 200,000 | MWK 400,000 | MWK 950,000 | |||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
Disbursement Date | 2012-08-09 | 2012-10-23 | 2012-10-26 | 2012-09-25 | 2012-10-23 | 2012-12-05 | |||||
Loan Term (Months) | 7.0 months | 12.0 months | 25.0 months | 24.0 months | 25.0 months | 48.0 months | |||||
Grace Period (Months) | 0.9 months | 0.4 months | 0.3 months | 1.9 months | 0.4 months | -1.0 months | |||||
Total Cost of Credit | MWK 3,471.47 | MWK 13,075.70 | MWK 48,626.69 | MWK 92,912.55 | MWK 196,246.98 | MWK 951,640.99 | |||||
True Price by Comp | |||||||||||
Interest price component | 37.1% | 37.3% | 37.3% | 31.9% | 37.4% | 39.9% | |||||
Fee Component | 8.6% | 5.7% | 3.2% | 2.8% | 3.2% | 2.1% | |||||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Full APR (int fee ins tax dep) | 45.7% | 43.0% | 40.5% | 34.7% | 40.6% | 42.0% | |||||
Transparency Index | 99 | 100 | 100 | 100 | 100 | 100 | |||||
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 |
---|---|---|---|---|---|---|---|
X Axis | ||||||
---|---|---|---|---|---|---|
Greater than: | ||||||
Less or equal to: | ||||||
N (# of Samples) | ||||||
Total Borrrowers of Samples | ||||||
Avg | ||||||
Min | ||||||
Max | ||||||
Std Dev | ||||||
By Inst Type | ||||||
By Country | ||||||
X Axis | ||||||
---|---|---|---|---|---|---|
Greater than: | ||||||
Less or equal to: | ||||||
From 0 to | ||||||
to | ||||||
to | ||||||
to ∞ |