2. BSEI
Please note that the information you are viewing is 158 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. FINCA
Please note that the information you are viewing is 113 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Banco San Enrique, Inc. G/F Iloilo Medical Center, Bonifacio DriveIloilo City, Iloilo/Region VI5000
Data approved: 2011-11-15
Data version: 1
Age of data: 158 months

Institution

FINCA Microfinance Bank Ltd 387-E, Johar TownLahore, Punjab
Data approved: 2015-04-17
Data version: 2
Age of data: 113 months
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Product Summary

Number borrowers540
Loan Amount (range)PHP 3,000 - 28,000
Loan Term (range)1 - 6
Other Services (text summary)Group Mtgs, Credit Ins
Annual Interest & Method40.0%-44.0% annual, Flat
Fees1.00% upfront
Insurance1.00% upfront 10.00 ongoing
Tax0.50% loan amt
Comp Dep500.00 upfront 50.00 ongoing
Range of pricing 
Interest Price ComponentN/A
Fee Component83.4% - 92.4% (Int+Fee)
Insurance Component7.8% - 34.3%
Tax Component Range2.3% - 2.4%
Full APR (int fee ins tax dep)100.2% - 250.2%
Transparency Index (min/max)16 - 40
Transparency Index (average)31

Product Summary

7,171
PKR 25,000 - 150,000
3 - 12
Credit Ins
27.0% annual, Flat
1,050.00-1,800.00 upfront
0.90% upfront
16.00% fees
N/A
 
23.8% - 50.1%
1.3% - 14.5%
0.8% - 2.9%
0.3% - 2.8%
27.2% - 44.7%
42 - 99
86

Product Details

Key Statistics
Outstanding portfolio (PHP)PHP 2,774,974
Portfolio (USD)USD 66,386.94
Active Clients with Loans540
Approximate % Female Clients80% - 100%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity groupx
Village banking
Self help group
Other
Description
An Individual Loan Product using the Micro Enterprise Access to Banking Service (MABS) Methodology. Aimed at micro-entrepreneurs providing them access to fast credit and affordable funds as additional capital for their micro-enterprise expansion.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetingsx
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Product Details

Key Statistics
Outstanding portfolio (PKR)PKR 539,513,950.70
Portfolio (USD)USD 5,298,027
Active Clients with Loans7,171
Approximate % Female Clients0% - 20%
Approximate % Urban Clients0
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Bullet loan with payment at maturity
Loan Purpose
Any purpose
Income generation
Mortgage/housing
Consumer loan
Agriculturex
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other servicesx
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution3
# Regions for this product3
Regions ActiveKhyber Pakhtunkwa, Punjab, Sindh

Loan Conditions

Loan Amount
CurrencyPHP
Minimum loan sizePHP 3,000
Maximum loan size28,000
Loan Term and Grace Period
Shortest loan term1.0 month
Longest loan term6.0 months
Approx average3.0 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Dailyx
Weeklyx
Every 2 weeksx
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyPKR
Minimum loan sizePKR 25,000
Maximum loan size150,000
Distribution at Disbursement (Est.)
Loans less than PKR 10,0000
PKR 10,000-25,0000
PKR 25,000-50,00030%
PKR 50,000-75,00030%
PKR 75,000-150,00040%
Greater than PKR 150,00040%
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term12.0 months
Approx average9.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months20%
Between 7 and 9 months50%
Between 10 and 12 months30%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end paymentx
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest40.00%
Highest quoted nominal interest44.00%
Reason(s) why interest rate variesN/A
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionService Charge
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionCredit Life Insurance
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Insurance Fees
Ins 1
DescriptionMutual Fund
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min10
Fixed amount - max10
Reason for variationN/A
Appears on Repayment Sched?No
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?Yes
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited0
or, Fixed-amount depositedPHP 500
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount depositedPHP 50
Conditions on access to depositAccess During
Interest Paid on Deposit
Minimum interest rate paid2.00%
Maximum interest rate paid2.00%
Interest payment frequencyQuarterly
Taxes
Are taxes charged on this product?Yes
Percentage of fees0
All or some fees taxedN/A

Pricing Information

Interest
Lowest quoted nominal interest27.00%
Highest quoted nominal interest27.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min1,050
Fixed amount - max1,800
Reason for variationfor fresh clients -1800, for repeat clients-1050
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsurance Fee
% of loan amount - min0.90%
% of loan amount - max0.90%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?Yes
Percentage of fees16%
All or some fees taxedSome

Full Pricing Data

Fast Cash samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountPHP 3,000PHP 8,000PHP 15,000PHP 27,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2011-05-152011-07-282011-06-272011-07-14
Loan Term (Months)5.6 months5.6 months5.6 months5.6 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot Known
True Price by Comp       
Interest and Fee Component92.4%84.6%83.4%83.4%
Insurance Component34.0%15.8%10.6%7.9%
Tax Component2.4%2.3%2.3%2.3%
Deposit Component121.4%27.6%12.6%6.5%
Full APR (int fee ins tax dep)250.2%130.3%109.0%100.2%
Transparency Index16313740
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF

Full Pricing Data

Zarai Karza samples
Loan Amount
Type of Sample
Disbursement Date
Loan Term (Months)
Grace Period (Months)
Total Cost of Credit
Full APR (int fee ins tax dep)
True Price by Component
Transparency Index
Original Repayment Schedule
MFT Pricing Calculation
Interest price component
Fee Component
Insurance Component
Tax Component
Deposit Component
PKR 26,000 Generated 2015-06-01 5.9 months N/A PKR 5,821.96 44.7% 25.4% 14.5% 2.0% 2.8% 0.0% 60 - PDF
PKR 30,000 Generated 2015-06-01 8.9 months N/A PKR 8,393.68 35.9% 24.6% 8.4% 1.3% 1.6% 0.0% 75 - PDF
PKR 52,000 Generated 2015-06-01 8.9 months N/A PKR 13,017.84 31.7% 24.6% 4.8% 1.3% 1.0% 0.0% 85 - PDF
PKR 70,000 Generated 2015-06-01 8.9 months N/A PKR 16,801.25 30.2% 24.6% 3.5% 1.3% 0.8% 0.0% 89 - PDF
PKR 76,000 Generated 2015-06-01 8.9 months N/A PKR 18,062.38 29.9% 24.6% 3.3% 1.2% 0.8% 0.0% 90 - PDF
PKR 80,000 Generated 2015-06-01 11.8 months N/A PKR 24,229.17 27.7% 23.9% 2.4% 0.9% 0.5% 0.0% 97 - PDF
PKR 90,000 Generated 2015-06-01 11.8 months N/A PKR 26,996.81 27.4% 23.9% 2.1% 0.9% 0.5% 0.0% 98 - PDF
PKR 100,000 Generated 2015-06-01 11.8 months N/A PKR 29,764.46 27.2% 23.9% 1.9% 0.9% 0.5% 0.0% 99 - PDF
Fast Cash Price Graphs


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Zarai Karza Price Graphs


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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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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