Number borrowers | 28,869 |
Loan Amount (range) | PHP 3,000 - 130,000 |
Loan Term (range) | 6 |
Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training |
Annual Interest & Method | 20.0% annual, Flat |
Fees | 2.00% upfront 1.00% upfront |
Insurance | 150.00 upfront |
Tax | None |
Comp Dep | 30.0% upfront 50.00 ongoing |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 78.4% - 101.5% (Int+Fee) |
Insurance Component | 1.2% - 24.4% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 82.0% - 163.7% |
Transparency Index (min/max) | 12 - 24 |
Transparency Index (average) | 18 |
10,197 |
PKR 20,000 - 150,000 |
6 - 36 |
Credit Ins |
30.0%-32.0% annual, Decl Bal |
522.00 upfront |
None |
16.00% fees |
N/A |
4.0% - 41.0% |
0.4% - 8.6% |
0 |
0 - 0.9% |
30.5% - 36.9% |
0 - N/A |
N/A |
Outstanding portfolio (PHP) | PHP 124,052,263 |
Portfolio (USD) | USD 2,967,757.49 |
Active Clients with Loans | 28,869 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 20% - 40% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | x |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | x |
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 | x |
Must be specific age group | x |
Other | |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Outstanding portfolio (PKR) | PKR 525,119,655 |
Portfolio (USD) | USD 5,358,363.83 |
Active Clients with Loans | 10,197 |
Approximate % Female Clients | 0% - 20% |
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 | |
Must be specific age group | |
Other | Must be a pensioner |
Other (2) |
# Regions for this institution | 6 |
# Regions for this product | 6 |
Regions Active | Azad Kashmir, Balochistan, Gilgit-Baltistan, Khyber Pakhtunkwa, Punjab, Sindh |
Currency | PHP |
Minimum loan size | PHP 3,000 |
Maximum loan size | 130,000 |
Shortest loan term | 6.0 months |
Longest loan term | 6.0 months |
Approx average | 6.0 months |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | x |
Every 2 weeks | |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Currency | PKR |
Minimum loan size | PKR 20,000 |
Maximum loan size | 150,000 |
Loans less than PKR 10,000 | 0 |
PKR 10,000-25,000 | 20% |
PKR 25,000-50,000 | 50% |
PKR 50,000-75,000 | 15% |
PKR 75,000-150,000 | 15% |
Greater than PKR 150,000 | 15% |
Shortest loan term | 6.0 months |
Longest loan term | 36.0 months |
Approx average | 24.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 5% |
Between 7 and 9 months | 5% |
Between 10 and 12 months | 20% |
Between 13 and 18 months | 20% |
Longer than 18 months | 50% |
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 | 20.00% |
Highest quoted nominal interest | 20.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Service Charge | Notarial Fee | |
% of loan amount - min | 2.00% | 1.00% | |
% of loan amount - max | 2.00% | 1.00% | |
OR, Fixed amount - min | 0 | 0 | |
Fixed amount - max | 0 | 0 | |
Reason for variation | N/A | ||
Appears on Repayment Sched? | No | No |
Ins 1 | |
---|---|
Description | MILAMDEC Tibod Mutual Benefits |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 150 |
Fixed amount - max | 150 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | Yes |
Do borrowers control deposit in their group? |
% loan amount deposited | 30.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | PHP 50 |
Conditions on access to deposit | Access During |
Minimum interest rate paid | 4.00% |
Maximum interest rate paid | 4.00% |
Interest payment frequency | Annually |
Are taxes charged on this product? | No |
Lowest quoted nominal interest | 30.00% |
Highest quoted nominal interest | 32.00% |
Reason(s) why interest rate varies | Loan tenor |
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 | loan processing fee |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 522 |
Fixed amount - max | 522 |
Reason for variation | Fee is fixed. Insurance fee is part of processing fee |
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 | 16% |
All or some fees taxed | Some |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | PHP 3,000 | PHP 7,000 | PHP 15,000 | PHP 30,000 | PHP 60,000 | PHP 100,000 | |||||
Loan Cycle (1, 2, 3, etc) | 1 | 2 | 5 | 10 | 18 | Not Known | |||||
Disbursement Date | 2011-05-19 | 2011-05-17 | 2011-06-09 | 2011-05-30 | 2011-05-24 | 2011-05-19 | |||||
Loan Term (Months) | 5.6 months | 5.6 months | 6.0 months | 12.0 months | 5.6 months | 5.6 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 | 92.7% | 92.7% | 101.5% | 78.4% | 92.7% | 92.7% | |||||
Insurance Component | 24.4% | 17.2% | 5.4% | 1.3% | 2.0% | 1.2% | |||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Deposit Component | 46.7% | 15.4% | 6.8% | 2.3% | 1.4% | 0.8% | |||||
Full APR (int fee ins tax dep) | 163.7% | 125.2% | 113.7% | 82.0% | 96.0% | 94.6% | |||||
Transparency Index | 12 | 16 | 18 | 24 | 21 | 21 | |||||
Original Repayment Schedule | |||||||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | PKR 30,000 | PKR 50,000 | PKR 90,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2012-10-18 | 2013-01-22 | 2013-01-18 | ||
Loan Term (Months) | 12.0 months | 36.0 months | 36.0 months | ||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
Total Cost of Credit | PKR 6,305.52 | PKR 28,917 | PKR 51,634 | ||
True Price by Comp | |||||
Interest price component | 33.0% | 30.1% | 30.1% | ||
Fee Component | 3.4% | 0.8% | 0.4% | ||
Insurance Component | 0.0% | 0.0% | 0.0% | ||
Tax Component | 0.5% | 0.0% | 0.0% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 36.9% | 30.9% | 30.5% | ||
Transparency Index | N/A | N/A | N/A | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Key Statistics | |
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# 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 |
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