| Outstanding portfolio (PHP) | PHP 89,428,379.10 |
| Portfolio (USD) | USD 2,139,434.91 |
| Active Clients with Loans | 10,443 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 40% - 60% |
| Individual | |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | Purchase of livestock |
| Other (2) |
| Credit education | |
| Group meetings | x |
| Credit insurance | |
| 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 member of TSPI Kabuhayan Program |
| Other (2) |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Currency | PHP |
| Minimum loan size | PHP 10,000 |
| Maximum loan size | 10,000 |
| Shortest loan term | 4.1 months |
| Longest loan term | 4.1 months |
| Approx average | 4.1 months |
| 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 | 3.00% |
| Highest quoted nominal interest | 3.00% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | Yes |
| Ins 1 | |
|---|---|
| Description | Life Insurance |
| % of loan amount - min | 10.00% |
| % of loan amount - max | 10.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| 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 | 0 |
| Conditions on access to deposit | Access During |
| Minimum interest rate paid | 5.00% |
| Maximum interest rate paid | 5.00% |
| Interest payment frequency | Monthly |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | PHP 10,000 | PHP 10,000 | PHP 10,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2011-03-09 | 2011-03-14 | 2011-03-14 | ||
| Loan Term (Months) | 4.0 months | 4.0 months | 4.0 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 | 36.2% | 36.2% | 36.2% | ||
| Insurance Component | 0.0% | 0.0% | 0.0% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 1.7% | 1.7% | 1.7% | ||
| Full APR (int fee ins tax dep) | 37.9% | 37.9% | 37.9% | ||
| Transparency Index | 95 | 95 | 95 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Institution Type | Non Bank Financial Institution |
| Is this institution regulated? | Yes |
| Website address | http://www.safcosupport.org |
| Year established | 2009 |
| Head of Institution | Syed Sajjad Ali Shah |
| Regions active | Sindh |
| # Branches | 31 |
| Total Portfolio (nat'l) | PKR 486,359,898 |
| Total Portfolio (USD) | USD 4,776,054.20 |
| Active clients with loans | 46,044 |
| Approximate % female clients | 40% - 60% |
| Approximate % urban clients | 40% - 60% |
| Network affiliations | Pakistan Microfinance Network (PMN), South Asian Microfinanace Network (SAMN), Sindh Microfinance Network (SMN), Banking With The Poor (BWTP) |
| Funders | Pakistan Poverty Alleviation Fund (PPAF), Habib Bank Limited (HBL), MCB Bank Limited, JS Bank Limited |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Agriculture Loan | PKR 3,000 - 50,000 | 3 - 6 | 40% - 60% | 40% - 60% | Agriculture | Women, Men | Business Training, Refund of principle amount in case of death | |||||||
| Enterprise Loan | PKR 3,000 - 50,000 | 12 | 40% - 60% | 40% - 60% | Business | Women, Men, Have business | Tech Asst Visits, Business Training, Refund of principle amount in case of death | |||||||
| Live Stock Loan | PKR 3,000 - 50,000 | 12 | 40% - 60% | 40% - 60% | Business | Women, Men | Tech Asst Visits, Business Training, Refund of principle amount in case of death |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Agriculture Loan | 22.0% annual, Flat | 2 Fees | 0 Ins | None | N/A | 29.2% | 29.2% | 75 | ||||||||
| Enterprise Loan | 22.0% annual, Flat | 2 Fees | 0 Ins | None | N/A | 45% | 45% | 49 | ||||||||
| Live Stock Loan | 22.0% annual, Flat | 2 Fees | 0 Ins | None | N/A | 44.9% - 53% | 44.9% - 53% | 47 |
| Key Statistics | |
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| # 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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