Institution Type | Non-Governmental Organization |
Is this institution regulated? | Yes |
Website address | N/A |
Year established | 2000 |
Head of Institution | Mukhtiar Ali Sahto |
Regions active | Sindh |
# Branches | 2 |
Total Portfolio (nat'l) | PKR 78,057,980 |
Total Portfolio (USD) | USD 766,529.36 |
Active clients with loans | 3,537 |
Approximate % female clients | 20% - 40% |
Approximate % urban clients | 0% - 20% |
Network affiliations | MON-PAK, Community Development Network (CDN) |
Funders | OPP-Oct Karachi, Pakistan Poverty Alleviation Fund(PPAF), OPP-RTI Karachi, IOM -Pak |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Agriculture | PKR 10,000 - 50,000 | 6 | 0% | 0% | Business, Agriculture | Men | Group Mtgs | |||||||
Enterprise | PKR 10,000 - 30,000 | 12 | 40% - 60% | 80% - 100% | Business | Women, Men, Have business, Specific age group | Group Mtgs |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Agriculture | 22.0% annual, Flat | 1 Fee | 1 Ins | None | N/A | 47.2% | 50.9% | 43 | ||||||||
Enterprise | 22.0% annual, Flat | 1 Fee | 1 Ins | None | N/A | 43.9% | 45.9% | 48 |
Outstanding portfolio (USD) | USD 6,199,730 |
Portfolio (USD) | USD 6,199,730 |
Active Clients with Loans | 3,957 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 60% - 80% |
Individual | x |
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 | |
Group meetings | |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | |
Other | Seguro de Desgravamen |
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 | N/A |
# Regions for this product | N/A |
Regions Active |
Currency | USD |
Minimum loan size | USD 200 |
Maximum loan size | 15,000 |
Shortest loan term | 6.0 months |
Longest loan term | 38.0 months |
Approx average | 0 |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | x |
Every 6 months | |
Every 12 months | |
Single end payment | x |
Irregular payments |
Lowest quoted nominal interest | 16.00% |
Highest quoted nominal interest | 16.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | 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 | USD 400 | USD 1,000 | USD 2,000 | USD 4,000 | USD 8,000 | USD 12,000 | |||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
Disbursement Date | 2010-06-28 | 2010-05-28 | 2010-05-19 | 2010-05-28 | 2010-06-29 | 2010-07-07 | |||||
Loan Term (Months) | 6.0 months | 16.0 months | 18.0 months | 40.0 months | 30.0 months | 30.0 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 | 16.0% | 16.0% | 16.0% | 16.0% | 16.0% | 16.0% | |||||
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) | 16.0% | 16.0% | 16.0% | 16.0% | 16.0% | 16.0% | |||||
Transparency Index | 100 | 100 | 100 | 100 | 100 | 100 | |||||
Original Repayment Schedule | |||||||||||
MFT Pricing Calculation |
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% Products with compulsory deposits |
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