| Institution Type | Bank |
| Is this institution regulated? | Yes |
| Website address | http://www.waseelabank.com |
| Year established | 2012 |
| Head of Institution | Mr. Ghazanfar Azzam |
| Regions active | Islambad Capital Territory, Khyber Pakhtunkwa, Punjab, Sindh |
| # Branches | 41 |
| Total Portfolio (nat'l) | PKR 621,746,515 |
| Total Portfolio (USD) | USD 6,105,550.78 |
| Active clients with loans | 13,855 |
| Approximate % female clients | 0% - 20% |
| Approximate % urban clients | 0% - 20% |
| Network affiliations | |
| Funders | Global Telecom Holding S.A.E |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Waseela Fori Cash Loan | PKR 25,000 - 150,000 | 3 - 12 | 0% - 20% | 20% - 40% | Business, Agriculture, Livestock, Trading & Manufacturing | Women, Men, Have business | ||||||||
| Waseela Khushhal Kisan Loan | PKR 20,000 - 60,000 | 3 - 12 | 0% - 20% | 0% - 20% | Business, Agriculture, Livetsock | Women, Men, Have business |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Waseela Fori Cash Loan | 27.0%-30.0% annual, Flat | 1 Fee | 0 Ins | 16.00% fees | N/A | 28% - 35.3% | 28.2% - 36.6% | 90 | ||||||||
| Waseela Khushhal Kisan Loan | 29.0% annual, Flat | 1 Fee | 0 Ins | 16.00% fees | N/A | 26.9% - 32.7% | 27.1% - 33.6% | 98 |
| Outstanding portfolio (USD) | USD 97,371 |
| Portfolio (USD) | USD 97,371 |
| Active Clients with Loans | 148 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 60% - 80% |
| Individual | x |
| Solidarity group | x |
| 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 | |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services | x |
| Men | x |
| Women | x |
| Must run a business | |
| 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 500 |
| Maximum loan size | 1,000 |
| Shortest loan term | 2.0 months |
| Longest loan term | 14.0 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 | |
| Irregular payments |
| Lowest quoted nominal interest | 14.00% |
| Highest quoted nominal interest | 17.00% |
| Reason(s) why interest rate varies | Por la fuente de pago |
| 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 | |||
|---|---|---|---|---|---|
| Loan Amount | USD 1,000 | USD 1,000 | USD 1,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2010-06-14 | 2010-05-06 | 2010-05-21 | ||
| Loan Term (Months) | 10.0 months | 10.0 months | 12.0 months | ||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
| Total Cost of Credit | Not Known | Not Known | Not Known | ||
| True Price by Comp | |||||
| Interest and Fee Component | 17.0% | 17.0% | 17.0% | ||
| Insurance Component | 0.0% | 0.0% | 0.0% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 0.0% | 0.0% | 0.0% | ||
| Full APR (int fee ins tax dep) | 17.0% | 17.0% | 17.0% | ||
| Transparency Index | 82 | 83 | 82 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
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| 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 |
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