| Outstanding portfolio (PHP) | PHP 60,821,762.73 |
| Portfolio (USD) | USD 1,455,066.09 |
| Active Clients with Loans | 2,402 |
| Approximate % Female Clients | 0% - 20% |
| Approximate % Urban Clients | 0% - 20% |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | x |
| Education | |
| Other household finance | |
| Other | Rice Farmers |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | x |
| 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 | Land tenants with at least 5 years of farming experience |
| Other (2) | Has access to irrigation |
| Currency | PHP |
| Minimum loan size | PHP 20,000 |
| Maximum loan size | 35,000 |
| Shortest loan term | 3.0 months |
| Longest loan term | 5.0 months |
| Approx average | 4.0 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 | Ins 2 | ||
|---|---|---|---|
| Description | PCIC Crop Insurance | Credit-Life Insurance | |
| % of loan amount - min | 1.11% | 2.50% | |
| % of loan amount - max | 7.78% | 2.50% | |
| OR, Fixed amount - min | 0 | 0 | |
| Fixed amount - max | 0 | 0 | |
| Reason for variation | N/A | N/A | |
| Appears on Repayment Sched? | No | 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 200 |
| Conditions on access to deposit | When Leaving |
| 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 30,000 | PHP 30,000 | PHP 30,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2010-12-07 | 2010-11-18 | 2010-12-08 | ||
| Loan Term (Months) | 5.0 months | 5.0 months | 5.0 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 | 26.6% | 32.1% | 27.9% | ||
| Insurance Component | 13.7% | 13.8% | 13.7% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 2.4% | 2.7% | 2.4% | ||
| Full APR (int fee ins tax dep) | 42.7% | 48.5% | 44.1% | ||
| Transparency Index | 84 | 74 | 82 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Institution Type | Non-Governmental Organization |
| Is this institution regulated? | No |
| Website address | N/A |
| Year established | 1996 |
| Head of Institution | Mr Gulbaz Afaqi |
| Regions active | Punjab |
| # Branches | 3 |
| Total Portfolio (nat'l) | PKR 85,584,088 |
| Total Portfolio (USD) | USD 873,307.02 |
| Active clients with loans | 4,193 |
| Approximate % female clients | 20% - 40% |
| Approximate % urban clients | 0 |
| Network affiliations | Pakistan Microfinance Network, PMFN, MONPAK, HRDN |
| Funders | Pakistan Poverty Alleviation Fund, One UN GRIP, OPP/OCT |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Agriculture | PKR 20,000 - 75,000 | 6 - 18 | 20% - 40% | 0% | Agriculture | Women, Men | ||||||||
| Livestock | PKR 15,000 - 30,000 | 12 | 40% - 60% | 0% | Business | Women, Men | ||||||||
| Livestock Fattening | PKR 20,000 - 30,000 | 6 - 11 | 40% - 60% | 0% | Business | Women, Men | Credit Ins, Tech Asst Visits | |||||||
| Handicrafts | PKR 15,000 - 30,000 | 12 | 80% - 100% | 0% | Business | Women, Men, Have business | ||||||||
| Trade Business | PKR 10,000 - 70,000 | 12 | 20% - 40% | 0% | Business | Women, Men, Have business | ||||||||
| Solar Lighting | PKR 15,000 - 30,000 | 6 - 12 | 20% - 40% | 0% | Any Purpose | Women, Men |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Agriculture | 21.0%-24.0% annual, Flat | 1 Fee | 0 Ins | None | N/A | 40.7% | 40.7% | N/A | ||||||||
| Livestock | 21.0%-24.0% annual, Flat | 1 Fee | 0 Ins | None | N/A | 40.7% - 40.9% | 40.7% - 40.9% | N/A | ||||||||
| Livestock Fattening | 21.0%-24.0% annual, Flat | 1 Fee | 1 Ins | None | None | 25.8% | 29% | N/A | ||||||||
| Handicrafts | 21.0%-24.0% annual, Flat | 1 Fee | 0 Ins | None | N/A | 40.3% - 40.9% | 40.3% - 40.9% | N/A | ||||||||
| Trade Business | 21.0%-24.0% annual, Flat | 1 Fee | 0 Ins | None | N/A | 40.7% - 40.9% | 40.7% - 40.9% | N/A | ||||||||
| Solar Lighting | 36.0% annual, Decl Bal | 1 Fee | 0 Ins | None | N/A | 40.3% - 40.9% | 40.3% - 40.9% | N/A |
| 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 |
| Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
|---|---|---|---|---|---|---|---|
