Number borrowers | 219 |
Loan Amount (range) | PHP 60,000 - 120,000 |
Loan Term (range) | 12 - 36 |
Other Services (text summary) | Credit Educ, Credit Ins |
Annual Interest & Method | 21.0% annual, Decl Bal |
Fees | 4.00% upfront 100.00 upfront |
Insurance | 1.50% upfront 26.00 ongoing |
Tax | None |
Comp Dep | 6.5% upfront 26.00 ongoing |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 24.5% (Int+Fee) |
Insurance Component | 2.2% - 83.9% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 31.6% - 33.4% |
Transparency Index (min/max) | 15 - 136 |
Transparency Index (average) | 65 |
306,389 |
PKR 20,000 - 60,000 |
12 |
Credit Educ, Business Training, Other Training, Financial Literacy |
20.0% annual, Flat |
400.00 upfront |
200.00-800.00 upfront |
None |
N/A |
34.1% - 35.8% |
1.4% - 3.7% |
2.7% - 3.8% |
0 |
38.2% - 41.3% |
0 - N/A |
N/A |
Outstanding portfolio (PHP) | PHP 8,101,654.63 |
Portfolio (USD) | USD 193,819.49 |
Active Clients with Loans | 219 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 0% - 20% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | |
Mortgage/housing | |
Consumer loan | x |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
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 have MIGS status |
Other (2) | Must be Coop member |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Outstanding portfolio (PKR) | PKR 3,406,650,432 |
Portfolio (USD) | USD 34,761,739.10 |
Active Clients with Loans | 306,389 |
Approximate % Female Clients | 100% |
Approximate % Urban Clients | 40% - 60% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | x |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | |
Credit insurance | |
Workplace visits | |
Business training | x |
Other training | x |
Other | Financial Literacy |
Other (2) | |
No other services |
Men | |
Women | x |
Must run a business | x |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | x |
Other | |
Other (2) |
# Regions for this institution | 2 |
# Regions for this product | 2 |
Regions Active | Punjab, Sindh |
Currency | PHP |
Minimum loan size | PHP 60,000 |
Maximum loan size | 120,000 |
Shortest loan term | 12.0 months |
Longest loan term | 36.0 months |
Approx average | 0 |
Grace period usage | 0 |
Average grace period | 0 |
Daily | x |
Weekly | |
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 | 60,000 |
Loans less than PKR 10,000 | 0 |
PKR 10,000-25,000 | 50% |
PKR 25,000-50,000 | 50% |
PKR 50,000-75,000 | 0 |
PKR 75,000-150,000 | 0 |
Greater than PKR 150,000 | 0 |
Shortest loan term | 12.0 months |
Longest loan term | 12.0 months |
Approx average | 12.0 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 | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 1.75% |
Highest quoted nominal interest | 1.75% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Service Fee | Notarial Fee | |
% of loan amount - min | 4.00% | 0 | |
% of loan amount - max | 4.00% | 0 | |
OR, Fixed amount - min | 0 | 100 | |
Fixed amount - max | 0 | 100 | |
Reason for variation | N/A | ||
Appears on Repayment Sched? | No | No |
Ins 1 | |
---|---|
Description | Credit Insurance |
% of loan amount - min | 1.50% |
% of loan amount - max | 1.50% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | MBA, Life and Retirement Insurance |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 26 |
Fixed amount - max | 26 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | |
Do borrowers control deposit in their group? |
% loan amount deposited | 6.50% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | PHP 26 |
Conditions on access to deposit | Access During |
Minimum interest rate paid | 3.00% |
Maximum interest rate paid | 3.00% |
Interest payment frequency | Annually |
Are taxes charged on this product? | No |
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? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Documentation Fee |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 400 |
Fixed amount - max | 400 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Accidental and Life Insurance |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 200 |
Fixed amount - max | 800 |
Reason for variation | Loans under PKR 20,000 charged at 2%. Larger loans charged 2% for first PKR 20,000 and 1% for amount over. |
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? | No |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | PHP 70,000 | PHP 90,000 | PHP 120,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2011-01-26 | 2011-03-09 | 2009-12-23 | ||
Loan Term (Months) | 35.0 months | 35.0 months | 35.0 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 | 24.5% | 24.5% | 24.5% | ||
Insurance Component | 4.0% | 3.4% | 2.9% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 4.9% | 4.5% | 4.2% | ||
Full APR (int fee ins tax dep) | 33.4% | 32.4% | 31.6% | ||
Transparency Index | 63 | 65 | 67 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | PKR 30,000 | PKR 25,000 | PKR 50,000 | PKR 55,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2013-04-11 | 2013-04-09 | 2013-06-27 | 2013-04-11 | |||
Loan Term (Months) | 12.0 months | 12.0 months | 12.0 months | 12.0 months | |||
Grace Period (Months) | 0.1 months | 0.0 months | 0.0 months | 0.1 months | |||
Total Cost of Credit | PKR 6,900 | PKR 5,850 | PKR 11,100 | PKR 12,150 | |||
True Price by Comp | |||||||
Interest price component | 34.1% | 34.5% | 34.7% | 34.1% | |||
Fee Component | 2.5% | 3.2% | 1.6% | 1.4% | |||
Insurance Component | 3.3% | 3.6% | 2.8% | 2.7% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Full APR (int fee ins tax dep) | 39.9% | 41.3% | 39.1% | 38.2% | |||
Transparency Index | N/A | 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 |
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