Institution Type | Bank |
Is this institution regulated? | Yes |
Website address | http://www.advanspakistan.com |
Year established | 2012 |
Head of Institution | Tariq Khan Baluch |
Regions active | Sindh |
# Branches | 3 |
Total Portfolio (nat'l) | PKR 142,708,138 |
Total Portfolio (USD) | USD 1,401,393.92 |
Active clients with loans | 1,872 |
Approximate % female clients | 0% - 20% |
Approximate % urban clients | 100% |
Network affiliations | APMBL is a subsidiary of the Advans group |
Funders | Advans SA, FMO |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Karobar Sanwaro | PKR 10,000 - 150,000 | 3 - 18 | 0% - 20% | 100% | Business | Women, Men, Have business, Specific age group, Age bracket is 18 to 60 | Credit Ins |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Karobar Sanwaro | 41.0% annual, Decl Bal | 1 Fee | 1 Ins | None | N/A | 42.5% - 44.2% | 44.3% - 46.8% | 89 |
Outstanding portfolio (INR) | INR 10,912,006.94 |
Portfolio (USD) | USD 205,886.92 |
Active Clients with Loans | 4,971 |
Approximate % Female Clients | 100% |
Approximate % Urban Clients | 20% - 40% |
Individual | |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | |
Mortgage/housing | |
Consumer loan | x |
Agriculture | |
Education | |
Other household finance | |
Other | To Purchase Water Purifier |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | |
Other | Jagruthi- Client Education Series |
Other (2) | Socio-Economic Development Workshop |
No other services |
Men | |
Women | x |
Must run a business | |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Household income <60,000 INR | x |
Household income <120,000 INR | x |
Must live in rural area | |
Must lives in urban area | |
Other | |
Other (2) |
# Regions for this institution | 3 |
# Regions for this product | 1 |
Regions Active | Karnataka |
Currency | INR |
Minimum loan size | INR 2,950 |
Maximum loan size | 2,950 |
Loans less than INR 5,000 | 100% |
INR 5,000-15,000 | 0 |
INR 15,000-25,000 | 0 |
INR 25,000-35,000 | 0 |
INR 35,000-45,000 | 0 |
Greater than INR 45,000 | 0 |
Shortest loan term | 12.0 months |
Longest loan term | 12.1 months |
Approx average | 12.1 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 100% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 100% |
Average grace period | 0.2 months |
Daily | |
Weekly | x |
Every 2 weeks | x |
Every 4 weeks | x |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 24.00% |
Highest quoted nominal interest | 24.00% |
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 | 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? | Yes |
Ins 1 | |
---|---|
Description | Insurance Fees |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 49 |
Fixed amount - max | 49 |
Reason for variation | Insurance is compulsory only for member. |
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? | Yes |
Percentage of fees | 12.4% |
All or some fees taxed | Some |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | INR 2,950 | INR 2,950 | INR 2,950 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-04-19 | 2013-04-19 | 2013-04-26 | ||
Loan Term (Months) | 12.0 months | 12.0 months | 12.0 months | ||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
Total Cost of Credit | INR 423.15 | INR 423.15 | INR 423.15 | ||
True Price by Comp | |||||
Interest price component | 24.0% | 24.0% | 24.0% | ||
Fee Component | 2.1% | 2.1% | 2.1% | ||
Insurance Component | 1.1% | 1.1% | 1.1% | ||
Tax Component | 0.2% | 0.2% | 0.2% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 27.4% | 27.4% | 27.4% | ||
MFIN MFI Earning (Annualised) | 26.1% | 26.1% | 26.1% | ||
MFIN Cost to Borrower (Annualised) | 27.4% | 27.4% | 27.4% | ||
Transparency Index | 87 | 87 | 87 | ||
MFIN Transparency Index | 100 | 100 | 100 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
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% Products with one or more insurances | |
% Products with compulsory deposits |
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