Number borrowers | 6,341 |
Loan Amount (range) | PHP 10,000 - 50,000 |
Loan Term (range) | 3 - 6 |
Other Services (text summary) | Credit Ins, Business Training, Other Training |
Annual Interest & Method | 30.0% annual, Flat |
Fees | 100.00 upfront 4.00% upfront |
Insurance | 75.00-469.00 upfront |
Tax | 0.25% loan amt |
Comp Dep | 10.00% ongoing |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 49.2% - 61.2% (Int+Fee) |
Insurance Component | 7.9% - 9.5% |
Tax Component Range | 1.0% - 2.0% |
Full APR (int fee ins tax dep) | 63.0% - 79.0% |
Transparency Index (min/max) | 26 - 48 |
Transparency Index (average) | 42 |
2,084 |
PKR 20,000 - 450,000 |
24 - 60 |
Credit Ins |
19.0%-20.0% annual, Flat |
2.00% upfront |
None |
16.00% fees |
N/A |
23.8% - 45.8% |
2.1% - 7.8% |
0 |
0.3% - 1.3% |
34.2% |
45 - 100 |
56 |
Outstanding portfolio (PHP) | PHP 169,434,204 |
Portfolio (USD) | USD 4,053,449.86 |
Active Clients with Loans | 6,341 |
Approximate % Female Clients | 60% - 80% |
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 | |
Education | |
Other household finance | x |
Other | |
Other (2) |
Credit education | |
Group meetings | |
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 | |
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 |
Outstanding portfolio (PKR) | PKR 214,999,847 |
Portfolio (USD) | USD 2,111,298.50 |
Active Clients with Loans | 2,084 |
Approximate % Female Clients | 0 |
Approximate % Urban Clients | 100% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | |
Mortgage/housing | x |
Consumer loan | x |
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 | x |
Must be a salaried worker | |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | 5 |
# Regions for this product | 2 |
Regions Active | Punjab, Sindh |
Currency | PHP |
Minimum loan size | PHP 10,000 |
Maximum loan size | 50,000 |
Shortest loan term | 3.0 months |
Longest loan term | 6.0 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 | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Currency | PKR |
Minimum loan size | PKR 20,000 |
Maximum loan size | 450,000 |
Loans less than PKR 10,000 | 0 |
PKR 10,000-25,000 | 0 |
PKR 25,000-50,000 | 0 |
PKR 50,000-75,000 | 0 |
PKR 75,000-150,000 | 80% |
Greater than PKR 150,000 | 80% |
Shortest loan term | 24.0 months |
Longest loan term | 60.0 months |
Approx average | 36.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 0 |
Between 13 and 18 months | 0 |
Longer than 18 months | 100% |
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 | 2.50% |
Highest quoted nominal interest | 2.50% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Notarial Fee | Service Charge | |
% of loan amount - min | 0 | 4.00% | |
% of loan amount - max | 0 | 4.00% | |
OR, Fixed amount - min | 100 | 0 | |
Fixed amount - max | 100 | 0 | |
Reason for variation | N/A | ||
Appears on Repayment Sched? | Yes | Yes |
Ins 1 | |
---|---|
Description | MicroEnsure |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 75 |
Fixed amount - max | 469 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | Yes |
Do borrowers control deposit in their group? |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 10.00% |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | Access During |
Minimum interest rate paid | 2.00% |
Maximum interest rate paid | 2.00% |
Interest payment frequency | End Term |
Are taxes charged on this product? | Yes |
Percentage of fees | 0 |
All or some fees taxed | N/A |
Lowest quoted nominal interest | 19.00% |
Highest quoted nominal interest | 20.00% |
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 | 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? | 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 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | PHP 15,000 | PHP 15,000 | PHP 30,000 | PHP 30,000 | |||
Loan Cycle (1, 2, 3, etc) | 3 | 1 | 3 | 1 | |||
Disbursement Date | 2011-05-31 | 2011-06-27 | 2011-06-30 | 2011-07-29 | |||
Loan Term (Months) | 3.0 months | 3.0 months | 3.0 months | 3.0 months | |||
Grace Period (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 | |||
True Price by Comp | |||||||
Interest and Fee Component | 61.2% | 59.9% | 49.2% | 52.9% | |||
Insurance Component | 9.5% | 9.3% | 7.9% | 8.5% | |||
Tax Component | 2.0% | 2.0% | 1.7% | 1.8% | |||
Deposit Component | 6.4% | 6.1% | 4.3% | 5.0% | |||
Full APR (int fee ins tax dep) | 79.0% | 77.2% | 63.0% | 68.2% | |||
Transparency Index | 38 | 39 | 48 | 44 | |||
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 76,000 | Generated | 2015-06-01 | 24.0 months | N/A | PKR 31,443.80 | 34.2% | 31.8% | 2.1% | 0.0% | 0.3% | 0.0% | 56 | - | |
PKR 80,000 | Generated | 2015-06-01 | 24.0 months | N/A | PKR 33,098.74 | 34.2% | 31.8% | 2.1% | 0.0% | 0.3% | 0.0% | 56 | - | |
PKR 100,000 | Generated | 2015-06-01 | 24.0 months | N/A | PKR 41,373.42 | 34.2% | 31.8% | 2.1% | 0.0% | 0.3% | 0.0% | 56 | - | |
PKR 110,000 | Generated | 2015-06-01 | 24.0 months | N/A | PKR 45,510.77 | 34.2% | 31.8% | 2.1% | 0.0% | 0.3% | 0.0% | 56 | - | |
PKR 120,000 | Generated | 2015-06-01 | 24.0 months | N/A | PKR 49,648.11 | 34.2% | 31.8% | 2.1% | 0.0% | 0.3% | 0.0% | 56 | - | |
PKR 140,000 | Generated | 2015-06-01 | 24.0 months | N/A | PKR 57,922.79 | 34.2% | 31.8% | 2.1% | 0.0% | 0.3% | 0.0% | 56 | - | |
PKR 160,000 | Generated | 2015-06-01 | 24.0 months | N/A | PKR 66,197.48 | 34.2% | 31.8% | 2.1% | 0.0% | 0.3% | 0.0% | 56 | - | |
PKR 300,000 | Generated | 2015-06-01 | 24.0 months | N/A | PKR 124,120.27 | 34.2% | 31.8% | 2.1% | 0.0% | 0.3% | 0.0% | 56 | - |
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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