2. BIMAS
Please note that the information you are viewing is 146 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. BRAC^P
Please note that the information you are viewing is 118 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Business Initiative and Management Assistance Services P.O. Box 2299 60100Embu, Central
Data approved: 2013-07-16
Data version: 2
Age of data: 146 months
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Institution

BRAC PAKISTAN House # 397, Street # 13, Sector # F-10/2, Islamabad,PakistanIslamabad, Capital4600
Data approved: 2015-04-30
Data version: 1
Age of data: 118 months

Product

Msingi Loan Product 5 of 8 « Prev | Next »

Product

Small Enterpirise Programme (SEP) Product 2 of 3 « Prev | Next »

Product Summary

Number borrowers8,244
Loan Amount (range)KES 20,000 - 300,000
Loan Term (range)3 - 18
Other Services (text summary)Credit Educ, Group Mtgs, Credit Ins, Business Training, Other Training
Annual Interest & Method22.0% annual, Flat
Fees2.00% upfront
Insurance1.50% upfront
TaxNone
Comp Dep10.0%-25.0% upfront
Range of pricing 
Interest Price Component13.7% - 40.7%
Fee Component0 - 10.7%
Insurance Component0 - 9.3%
Tax Component Range0
Full APR (int fee ins tax dep)66.5% - 80.6%
Transparency Index (min/max)14 - 61
Transparency Index (average)30

Product Summary

1,204
PKR 150,000 - 500,000
6 - 12
Credit Educ, Tech Asst Visits, Business Training, Other Training
22.0% annual, Flat
1.00% upfront
None
None
N/A
 
28.9% - 38.0%
0.1% - 1.8%
0
0
43.8%
48 - 58
50

Product Details

Key Statistics
Outstanding portfolio (KES)KES 217,019,336
Portfolio (USD)USD 2,621,006.47
Active Clients with Loans8,244
Approximate % Female Clients40% - 60%
Approximate % Urban Clients40% - 60%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Loans given to exisiting business owners. This is our institution's most popular product.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculturex
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visits
Business trainingx
Other trainingx
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution4
# Regions for this product4
Regions ActiveCentral, Eastern, Nairobi, Rift Valley

Product Details

Key Statistics
Outstanding portfolio (PKR)PKR 115,226,183
Portfolio (USD)USD 1,131,521.12
Active Clients with Loans1,204
Approximate % Female Clients0% - 20%
Approximate % Urban Clients80% - 100%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Provided to small enterpreneur to expand their business and employment creat.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculturex
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetings
Credit insurance
Workplace visitsx
Business trainingx
Other trainingx
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution3
# Regions for this product2
Regions ActivePunjab, Sindh

Loan Conditions

Loan Amount
CurrencyKES
Minimum loan sizeKES 20,000
Maximum loan size300,000
Distribution at Disbursement (Est.)
Loans less than KES 50,00060%
KES 50,000-150,00020%
KES 150,000-250,0005%
KES 250,000-350,00015%
KES 350,000-450,0000
Greater than KES 450,0000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term18.0 months
Approx average12.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months20%
Between 7 and 9 months30%
Between 10 and 12 months30%
Between 13 and 18 months20%
Longer than 18 months0
Grace Period
Grace period usage10%
Average grace period0.3 months
Repayment Frequency
Daily
Weeklyx
Every 2 weeksx
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyPKR
Minimum loan sizePKR 150,000
Maximum loan size500,000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term12.0 months
Approx average9.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months100%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage100%
Average grace period1.0 month
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest22.00%
Highest quoted nominal interest22.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionApplication Fee
% of loan amount - min2.00%
% of loan amount - max2.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsurance Fee
% of loan amount - min1.50%
% of loan amount - max1.50%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaFirst cycle loans = 10% upfront, 100 KES continuing. Multiple cycle loans = 25% upfront, no continuing requirement.
Is deposit indicated on the repayment schedule?Yes
Do borrowers control deposit in their group?Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited10.00% - 25.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0 - KES 100
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid0.33%
Maximum interest rate paid0.50%
Interest payment frequencyAnnually
Taxes
Are taxes charged on this product?No

Pricing Information

Interest
Lowest quoted nominal interest22.00%
Highest quoted nominal interest22.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?Yes
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionEvaluation fee
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Full Pricing Data

Msingi Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountKES 20,000KES 50,000KES 140,000KES 200,000KES 300,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2013-06-282013-06-272013-06-122013-06-112013-06-27
Loan Term (Months)6.0 months10.0 months12.0 months18.0 months24.0 months
Grace Period (Months)0.5 months0.4 months0.5 months0.5 months0.5 months
Total Cost of CreditKES 2,900KES 10,550KES 35,700KES 73,000KES 142,500
True Price by Comp         
Interest price component36.7%38.7%38.8%38.9%38.5%
Fee Component7.3%4.9%4.1%2.9%2.3%
Insurance Component5.5%3.8%3.1%2.2%1.7%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component17.0%33.2%31.2%27.8%25.1%
Full APR (int fee ins tax dep)66.5%80.6%77.2%71.8%67.6%
Transparency Index3327283133
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF

Full Pricing Data

Small Enterpirise Programme (SEP) samples
Type of Sample
Grace Period (Months)
Full APR (int fee ins tax dep)
True Price by Component
Interest price component
Fee Component
Insurance Component
Tax Component
Deposit Component
PKR 150,000 Generated 2015-06-01 11.9 months N/A PKR 34,319.18 43.8% 34.8% 1.8% 0.0% 0.0% 7.2% 50 - PDF
PKR 175,000 Generated 2015-06-01 11.9 months N/A PKR 40,039.04 43.8% 34.8% 1.8% 0.0% 0.0% 7.2% 50 - PDF
PKR 200,000 Generated 2015-06-01 11.9 months N/A PKR 45,758.90 43.8% 34.8% 1.8% 0.0% 0.0% 7.2% 50 - PDF
PKR 250,000 Generated 2015-06-01 11.9 months N/A PKR 57,198.63 43.8% 34.8% 1.8% 0.0% 0.0% 7.2% 50 - PDF
PKR 275,000 Generated 2015-06-01 11.9 months N/A PKR 62,918.49 43.8% 34.8% 1.8% 0.0% 0.0% 7.2% 50 - PDF
PKR 300,000 Generated 2015-06-01 11.9 months N/A PKR 68,638.36 43.8% 34.8% 1.8% 0.0% 0.0% 7.2% 50 - PDF
PKR 350,000 Generated 2015-06-01 11.9 months N/A PKR 80,078.08 43.8% 34.8% 1.8% 0.0% 0.0% 7.2% 50 - PDF
PKR 450,000 Generated 2015-06-01 11.9 months N/A PKR 102,957.53 43.8% 34.8% 1.8% 0.0% 0.0% 7.2% 50 - PDF
Msingi Loan Price Graphs
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.NGOInstitution TypeMultipleLoan PurposeBIMASInstitutionKE-006-V02-P05ProductKECountry2013YearRange Number2Institution Data Version050,000100,000150,000200,000250,000300,000Loan Size (all)0%20%40%60%80%Full APR (int fee ins tax dep)> 4,9003,7002,4001,200100Number of Borrowers
Click to view Price Analysis Tool
Small Enterpirise Programme (SEP) Price Graphs
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.NGOInstitution TypeMultipleLoan PurposeBRAC^PInstitutionPK-005-V01-P02ProductPKCountry2015YearRange Number1Institution Data Version0100,000200,000300,000400,000Loan Size (all)0%10%20%30%40%Full APR (int fee ins tax dep)> 1,20090060030030Number of Borrowers
Click to view Price Analysis Tool
Caps / Zoom options
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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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