Number borrowers | 4,828 |
Loan Amount (range) | PHP 1,000 - 20,000 |
Loan Term (range) | 5 - 10 |
Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Business Training, Other Training |
Annual Interest & Method | 24.0% annual, Flat |
Fees | 3.00% upfront |
Insurance | 2.00% upfront 20.00 ongoing |
Tax | None |
Comp Dep | 5.0% upfront 10.00 ongoing |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 57.4% - 71.3% (Int+Fee) |
Insurance Component | 6.4% - 75.9% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 69.8% - 94.1% |
Transparency Index (min/max) | 15 - 34 |
Transparency Index (average) | 29 |
4,654 |
PKR 25,000 - 150,000 |
3 - 12 |
Credit Ins |
29.0%-30.0% annual, Flat |
750.00-1,250.00 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% |
31.8% - 38.7% |
42 - 99 |
83 |
Outstanding portfolio (PHP) | PHP 21,130,731 |
Portfolio (USD) | USD 505,519.88 |
Active Clients with Loans | 4,828 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 20% - 40% |
Individual | |
Solidarity group | |
Village banking | x |
Self help group | |
Other | Modified Grameen |
Any purpose | |
Income generation | |
Mortgage/housing | x |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | x |
Workplace visits | |
Business training | x |
Other training | x |
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 | |
Must be specific age group | |
Other | Member for > 6 months |
Other (2) | At least on the 2nd cycle of regular loan |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Outstanding portfolio (PKR) | PKR 312,889,299 |
Portfolio (USD) | USD 3,072,572.92 |
Active Clients with Loans | 4,654 |
Approximate % Female Clients | 0 |
Approximate % Urban Clients | 0 |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | x |
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 | x |
Men | x |
Women | x |
Must run a business | x |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | 3 |
# Regions for this product | 1 |
Regions Active | Punjab |
Currency | PHP |
Minimum loan size | PHP 1,000 |
Maximum loan size | 20,000 |
Shortest loan term | 5.0 months |
Longest loan term | 10.0 months |
Approx average | 0 |
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 25,000 |
Maximum loan size | 150,000 |
Loans less than PKR 10,000 | 0 |
PKR 10,000-25,000 | 0 |
PKR 25,000-50,000 | 30% |
PKR 50,000-75,000 | 40% |
PKR 75,000-150,000 | 30% |
Greater than PKR 150,000 | 30% |
Shortest loan term | 3.0 months |
Longest loan term | 12.0 months |
Approx average | 12.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 30% |
Between 7 and 9 months | 30% |
Between 10 and 12 months | 40% |
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 | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | x |
Irregular payments |
Lowest quoted nominal interest | 2.00% |
Highest quoted nominal interest | 2.00% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Service Fee |
% of loan amount - min | 3.00% |
% of loan amount - max | 3.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Loan Redemption Fee |
% of loan amount - min | 2.00% |
% of loan amount - max | 2.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Life Insurance |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 20 |
Fixed amount - max | 20 |
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 | 5.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | PHP 10 |
Conditions on access to deposit | When Leaving |
Minimum interest rate paid | 4.00% |
Maximum interest rate paid | 4.00% |
Interest payment frequency | Quarterly |
Are taxes charged on this product? | No |
Lowest quoted nominal interest | 29.00% |
Highest quoted nominal interest | 30.00% |
Reason(s) why interest rate varies | Time as Client |
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 | Processing Fee |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 750 |
Fixed amount - max | 1,250 |
Reason for variation | for fresh clients with new loans- 1250, for repeat clients with new loans- 750 |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Insurance Fee |
% of loan amount - min | 0.90% |
% of loan amount - max | 0.90% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
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 | |||
---|---|---|---|---|---|
Loan Amount | PHP 3,000 | PHP 7,000 | PHP 14,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2011-06-29 | 2011-06-30 | 2011-06-07 | ||
Loan Term (Months) | 4.0 months | 6.0 months | 9.0 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 | 71.3% | 64.1% | 57.4% | ||
Insurance Component | 14.2% | 9.6% | 6.4% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 8.6% | 7.2% | 6.0% | ||
Full APR (int fee ins tax dep) | 94.1% | 80.9% | 69.8% | ||
Transparency Index | 25 | 30 | 34 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
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 25,000 | Generated | 2015-06-01 | 5.9 months | N/A | PKR 5,015.14 | 38.7% | 29.3% | 6.2% | 1.9% | 1.3% | 0.0% | 75 | - | |
PKR 30,000 | Generated | 2015-06-01 | 5.9 months | N/A | PKR 5,844.17 | 37.5% | 29.3% | 5.1% | 1.9% | 1.2% | 0.0% | 77 | - | |
PKR 51,000 | Generated | 2015-06-01 | 5.9 months | N/A | PKR 9,973.84 | 37.5% | 29.7% | 4.9% | 1.8% | 1.1% | 0.0% | 77 | - | |
PKR 60,000 | Generated | 2015-06-01 | 8.9 months | N/A | PKR 16,666.37 | 34.2% | 29.5% | 2.8% | 1.2% | 0.7% | 0.0% | 85 | - | |
PKR 70,000 | Generated | 2015-06-01 | 8.9 months | N/A | PKR 19,212.10 | 33.7% | 29.5% | 2.4% | 1.2% | 0.6% | 0.0% | 86 | - | |
PKR 75,000 | Generated | 2015-06-01 | 11.8 months | N/A | PKR 27,327.42 | 32.3% | 29.3% | 1.7% | 0.9% | 0.4% | 0.0% | 90 | - | |
PKR 80,000 | Generated | 2015-06-01 | 11.8 months | N/A | PKR 29,056.45 | 32.2% | 29.3% | 1.6% | 0.9% | 0.4% | 0.0% | 90 | - | |
PKR 100,000 | Generated | 2015-06-01 | 11.8 months | N/A | PKR 35,972.57 | 31.8% | 29.3% | 1.3% | 0.9% | 0.3% | 0.0% | 91 | - |
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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