| Outstanding portfolio (KES) | KES 15,968,913.11 |
| Portfolio (USD) | USD 192,861.27 |
| Active Clients with Loans | 219 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 60% - 80% |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | |
| Business training | |
| Other training | x |
| Other | Fire/Burglary Insurance |
| Other (2) | |
| No other services |
| Men | x |
| Women | x |
| Must run a business | x |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | Must have run a business for at least 24 months |
| Other (2) |
| # Regions for this institution | 4 |
| # Regions for this product | 4 |
| Regions Active | Nairobi, Nyanza, Rift Valley, Western |
| Currency | KES |
| Minimum loan size | KES 50,000 |
| Maximum loan size | 500,000 |
| Loans less than KES 50,000 | 15% |
| KES 50,000-150,000 | 50% |
| KES 150,000-250,000 | 20% |
| KES 250,000-350,000 | 10% |
| KES 350,000-450,000 | 5% |
| Greater than KES 450,000 | 5% |
| Shortest loan term | 6.0 months |
| Longest loan term | 36.0 months |
| Approx average | DK |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 15% |
| Between 7 and 9 months | 5% |
| Between 10 and 12 months | 70% |
| Between 13 and 18 months | 10% |
| Longer than 18 months | 0 |
| Grace period usage | 10% |
| Average grace period | DK |
| Daily | |
| Weekly | x |
| 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 | 22.00% |
| Highest quoted nominal interest | 22.00% |
| Reason(s) why interest rate varies | Branch, Time as Client |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | Fee 2 | ||
|---|---|---|---|
| Description | Loan Application Fee | Chattels Fee | |
| % of loan amount - min | 0 | 0 | |
| % of loan amount - max | 2.00% | 0 | |
| OR, Fixed amount - min | 1,000 | 1,300 | |
| Fixed amount - max | 0 | 1,300 | |
| Reason for variation | 2% with KES 1000 minimum | Charged on all loans | |
| Appears on Repayment Sched? | Yes | Yes |
| Ins 1 | |
|---|---|
| Description | Insurance Fee |
| % of loan amount - min | 1.60% |
| % of loan amount - max | 3.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | <12 month =1.6%, 13-24 months=1.75%, 25+ months=3%. Either upfront or continuing. |
| Appears on Repayment Sched? | Yes |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | No |
| Do borrowers control deposit in their group? | No |
| % loan amount deposited | 25.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | KES 200 |
| Conditions on access to deposit | Access During |
| Minimum interest rate paid | 1.00% |
| Maximum interest rate paid | 1.00% |
| Interest payment frequency | Annually |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | KES 50,000 | KES 100,000 | KES 185,000 | KES 295,000 | KES 400,000 | ||||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
| Disbursement Date | 2013-05-27 | 2013-05-15 | 2013-05-29 | 2013-05-03 | 2013-04-30 | ||||
| Loan Term (Months) | 12.0 months | 12.0 months | 18.0 months | 24.0 months | 24.0 months | ||||
| Grace Period (Months) | 0.2 months | 0.7 months | 0.7 months | 0.5 months | 0.5 months | ||||
| Total Cost of Credit | KES 14,069.86 | KES 28,759.73 | KES 70,198 | KES 141,364.38 | KES 191,217.81 | ||||
| True Price by Comp | |||||||||
| Interest price component | 39.5% | 41.0% | 38.4% | 37.3% | 37.3% | ||||
| Fee Component | 9.8% | 6.7% | 3.8% | 2.7% | 2.6% | ||||
| Insurance Component | 3.5% | 3.3% | 1.8% | 1.8% | 1.8% | ||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Deposit Component | 59.7% | 41.6% | 32.0% | 26.4% | 25.8% | ||||
| Full APR (int fee ins tax dep) | 112.5% | 92.6% | 76.0% | 68.2% | 67.5% | ||||
| Transparency Index | 20 | 24 | 29 | 32 | 33 | ||||
| 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 |
|---|---|---|---|---|---|---|---|
