| Outstanding portfolio (UGX) | UGX 1,572,430,114 |
| Portfolio (USD) | USD 622,744.60 |
| Active Clients with Loans | 9,843 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | |
| Solidarity group | x |
| Village banking | x |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | x |
| Agriculture | |
| Education | x |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| Credit insurance | |
| Workplace visits | x |
| Business training | x |
| Other training | |
| 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 | |
| Other (2) |
| # Regions for this institution | 1 |
| # Regions for this product | 1 |
| Regions Active | Western |
| Currency | UGX |
| Minimum loan size | UGX 50,000 |
| Maximum loan size | 5,000,000 |
| Loans less than UGX 1,000,000 | 50% |
| UGX 1,000,000-5,000,000 | 50% |
| UGX 5,000,000-7,500,000 | 0 |
| UGX 7,500,000-10,000,000 | 0 |
| UGX 10,000,000-13,000,000 | 0 |
| Greater than UGX 13,000,000 | 0 |
| Shortest loan term | 4.0 months |
| Longest loan term | 12.0 months |
| Approx average | 8.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 50% |
| Between 10 and 12 months | 50% |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | |
| Every 2 weeks | x |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| 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? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Application 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 | 20,000 |
| Fixed amount - max | 20,000 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | No |
| Do borrowers control deposit in their group? | Yes |
| % loan amount deposited | 20.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 10.00% |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | Final Pmt |
| Minimum interest rate paid | 0 |
| Maximum interest rate paid | 0 |
| Interest payment frequency | N/A |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | UGX 2,250,000 | UGX 2,300,000 | UGX 2,500,000 | UGX 3,000,000 | |||
| Loan Cycle (1, 2, 3, etc) | 4 | 6 | 8 | 15 | |||
| Disbursement Date | 2012-08-03 | 2012-09-19 | 2012-05-05 | 2012-07-23 | |||
| Loan Term (Months) | 6.0 months | 4.1 months | 4.1 months | 6.0 months | |||
| Grace Period (Months) | 1.0 month | 1.0 month | 1.0 month | 0.0 months | |||
| Total Cost of Credit | UGX 470,000 | UGX 342,000 | UGX 370,000 | UGX 620,000 | |||
| True Price by Comp | |||||||
| Interest price component | 57.3% | 54.8% | 54.6% | 57.4% | |||
| Fee Component | 7.2% | 9.9% | 9.8% | 7.2% | |||
| Insurance Component | 3.2% | 4.4% | 4.0% | 2.4% | |||
| 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) | 67.7% | 69.1% | 68.4% | 67.0% | |||
| Transparency Index | 53 | 52 | 53 | 54 | |||
| Original Repayment Schedule | |||||||
| MFT Pricing Calculation |
| Institution Type | Bank |
| Is this institution regulated? | Yes |
| Website address | http://www.khushhalibank.com.pk |
| Year established | 2000 |
| Head of Institution | Muhammad Ghalib Nishtar |
| Regions active | Azad Kashmir, Balochistan, Islambad Capital Territory, Khyber Pakhtunkwa, Punjab, Sindh |
| # Branches | 118 |
| Total Portfolio (nat'l) | PKR 12,225,321,747 |
| Total Portfolio (USD) | USD 120,052,659.60 |
| Active clients with loans | 468,369 |
| Approximate % female clients | 20% - 40% |
| Approximate % urban clients | 0% - 20% |
| Network affiliations | Pakistan Microfinance Network |
| Funders |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Khushhali Karza - Bullet (Group Based Lending) | PKR 15,000 - 50,000 | 3 - 12 | 20% - 40% | 0% - 20% | Business, Agriculture | Women, Men, Have business | Group Mtgs, Credit Ins | |||||||
| Khushhali Karza - EMI (Group Based Lending) | PKR 15,000 - 50,000 | 3 - 12 | 20% - 40% | 40% - 60% | Business, Agriculture | Women, Men, Have business | Group Mtgs, Credit Ins | |||||||
| Khushhali Cash Sahulat Gold-Bullet | PKR 25,000 - 150,000 | 3 - 12 | 0% - 20% | 20% - 40% | Business | Women, Men, Have business | Credit Ins | |||||||
| Khushhali Cash Sahulat Land-Bullet | PKR 25,000 - 150,000 | 3 - 12 | 0% - 20% | 0% | Business, Agriculture | Women, Men, Have business | Credit Ins | |||||||
| Sarsabz Karobar Bullet | PKR 25,000 - 150,000 | 3 - 6 | 0% - 20% | 20% - 40% | Business, Agriculture | Women, Men, Have business | Credit Ins |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Khushhali Karza - Bullet (Group Based Lending) | 31.0% annual, Decl Bal | 1 Fee | 0 Ins | 16.00% fees | N/A | 29.6% - 36% | 30% - 37.4% | 92 | ||||||||
| Khushhali Karza - EMI (Group Based Lending) | 31.0% annual, Decl Bal | 1 Fee | 0 Ins | 16.00% fees | N/A | 35.5% - 44.3% | 36.3% - 46.6% | 78 | ||||||||
| Khushhali Cash Sahulat Gold-Bullet | 28.0% annual, Decl Bal | 1 Fee | 0 Ins | 16.00% fees | N/A | 26.3% - 31% | 26.5% - 31.9% | 97 | ||||||||
| Khushhali Cash Sahulat Land-Bullet | 25.0% annual, Decl Bal | 1 Fee | 0 Ins | 16.00% fees | N/A | 23.4% - 28.5% | 23.5% - 29.4% | 97 | ||||||||
| Sarsabz Karobar Bullet | 25.0% annual, Decl Bal | 1 Fee | 0 Ins | 16.00% fees | N/A | 24.9% - 29.1% | 25.1% - 30% | 95 |
| Key Statistics | |
|---|---|
| # Samples: | |
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| 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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