| Outstanding portfolio (ETB) | ETB 76,625,544 |
| Portfolio (USD) | USD 4,164,431.74 |
| Active Clients with Loans | 34,703 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 0% - 20% |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | x |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| 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 | |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | 75% of group members has to be women |
| Other (2) |
| Currency | ETB |
| Minimum loan size | ETB 2,500 |
| Maximum loan size | 4,500 |
| Shortest loan term | 6.0 months |
| Longest loan term | 12.0 months |
| Approx average | 9.0 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 | 19.50% |
| Highest quoted nominal interest | 19.50% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | service charge |
| % of loan amount - min | 2.50% |
| % of loan amount - max | 2.50% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | |
| Appears on Repayment Sched? | No |
| Ins 1 | |
|---|---|
| Description | Credit life insurance |
| % 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 |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | Yes |
| Do borrowers control deposit in their group? |
| % loan amount deposited | 15.00% - N/A |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | ETB 10 - N/A |
| Conditions on access to deposit | End Term |
| 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 | ETB 3,000 | ETB 3,000 | ETB 3,500 | ||
| Loan Cycle (1, 2, 3, etc) | 4 | 4 | 4 | ||
| Disbursement Date | 2011-12-16 | 2011-12-16 | 2011-12-16 | ||
| Loan Term (Months) | 12.0 months | 12.0 months | 12.0 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 | 22.1% | 22.1% | 22.1% | ||
| Insurance Component | 2.3% | 2.3% | 2.3% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 3.8% | 3.8% | 3.7% | ||
| Full APR (int fee ins tax dep) | 28.1% | 28.1% | 28.1% | ||
| Transparency Index | 69 | 69 | 69 | ||
| 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: | |
| # 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 |
|---|---|---|---|---|---|---|---|
