Number borrowers | 4,198 |
Loan Amount (range) | KES 10,000 - 500,000 |
Loan Term (range) | 6 - 24 |
Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Optional low-cost life insurance through CIC, KES 3290pa |
Annual Interest & Method | 32.0% annual, Decl Bal |
Fees | 1.00% upfront 500.00 upfront |
Insurance | 1.00%-2.00% upfront 1.00%-2.00% upfront |
Tax | None |
Comp Dep | 15.0% upfront |
Range of pricing | |
Interest Price Component | 30.7% - 33.5% |
Fee Component | 1.2% - 12.3% |
Insurance Component | 3.1% - 11.2% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 47.6% - 64.7% |
Transparency Index (min/max) | 47 - 67 |
Transparency Index (average) | 62 |
1,413 |
PKR 10,000 - 150,000 |
3 - 18 |
Credit Ins |
41.0% annual, Decl Bal |
1.50% upfront |
1.00%-1.25% upfront |
None |
N/A |
40.3% |
2.2% - 3.9% |
1.8% - 2.6% |
0 |
44.3% - 46.8% |
88 - 93 |
89 |
Outstanding portfolio (KES) | KES 91,833,689 |
Portfolio (USD) | USD 1,109,102.52 |
Active Clients with Loans | 4,198 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 0% - 20% |
Individual | x |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
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 | x |
Business training | x |
Other training | |
Other | Optional low-cost life insurance through CIC, KES 3290pa |
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 | Must be a farmer |
Other (2) |
# Regions for this institution | 5 |
# Regions for this product | 5 |
Regions Active | Central, Eastern, Nyanza, Rift Valley, Western |
Outstanding portfolio (PKR) | PKR 60,500,690.02 |
Portfolio (USD) | USD 594,116.78 |
Active Clients with Loans | 1,413 |
Approximate % Female Clients | 0% - 20% |
Approximate % Urban Clients | 100% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | |
Group meetings | |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | |
Other | |
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 | x |
Other | Age bracket is 18 to 60 |
Other (2) |
# Regions for this institution | 1 |
# Regions for this product | 1 |
Regions Active | Sindh |
Currency | KES |
Minimum loan size | KES 10,000 |
Maximum loan size | 500,000 |
Loans less than KES 50,000 | 70% |
KES 50,000-150,000 | 30% |
KES 150,000-250,000 | 0 |
KES 250,000-350,000 | 0 |
KES 350,000-450,000 | 0 |
Greater than KES 450,000 | 0 |
Shortest loan term | 6.0 months |
Longest loan term | 24.0 months |
Approx average | 12.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 5% |
Between 7 and 9 months | 10% |
Between 10 and 12 months | 80% |
Between 13 and 18 months | 5% |
Longer than 18 months | 0 |
Grace period usage | 100% |
Average grace period | 2.0 months |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments | x |
Currency | PKR |
Minimum loan size | PKR 10,000 |
Maximum loan size | 150,000 |
Loans less than PKR 10,000 | 0 |
PKR 10,000-25,000 | 5% |
PKR 25,000-50,000 | 30% |
PKR 50,000-75,000 | 15% |
PKR 75,000-150,000 | 50% |
Greater than PKR 150,000 | 50% |
Shortest loan term | 3.0 months |
Longest loan term | 18.0 months |
Approx average | 11.3 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 5% |
Between 10 and 12 months | 90% |
Between 13 and 18 months | 5% |
Longer than 18 months | 0 |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 32.00% |
Highest quoted nominal interest | 32.00% |
Reason(s) why interest rate varies | Changing all loans from 16% to 18% starting Jan 2010 |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | Yes |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Loan Application Fee | Registration Fee | |
% of loan amount - min | 1.00% | 0 | |
% of loan amount - max | 1.00% | 0 | |
OR, Fixed amount - min | 0 | 500 | |
Fixed amount - max | 0 | 500 | |
Reason for variation | N/A | N/A | |
Appears on Repayment Sched? | Yes | Yes |
Ins 1 | Ins 2 | ||
---|---|---|---|
Description | Loan Insurance Fee | Asset Insurance Fee | |
% of loan amount - min | 1.00% | 1.00% | |
% of loan amount - max | 2.00% | 2.00% | |
OR, Fixed amount - min | 0 | 0 | |
Fixed amount - max | 0 | 0 | |
Reason for variation | 1% of the loan amount p.a | 1% of the loan amount p.a | |
Appears on Repayment Sched? | Yes | 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 | 15.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | Access During |
Minimum interest rate paid | 0 |
Maximum interest rate paid | 0 |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
Lowest quoted nominal interest | 41.00% |
Highest quoted nominal interest | 41.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Processing Fee |
% of loan amount - min | 1.50% |
% of loan amount - max | 1.50% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Credit Cover Charges |
% of loan amount - min | 1.00% |
% of loan amount - max | 1.25% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Credit Cover is charged 1% on loan of 1st cycle (up to 12 months) while on the loan of 2nd cycle 1.25% is charged which is above 12 months upto 18 months. |
Appears on Repayment Sched? | No |
Required for | Never |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | N/A |
Do borrowers control deposit in their group? | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
Conditions on access to deposit | N/A |
Minimum interest rate paid | N/A |
Maximum interest rate paid | N/A |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | KES 10,000 | KES 25,000 | KES 50,000 | KES 110,000 | KES 300,000 | ||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
Disbursement Date | 2013-04-22 | 2013-04-17 | 2013-03-15 | 2013-05-24 | 2013-05-06 | ||||
Loan Term (Months) | 12.0 months | 14.0 months | 14.0 months | 25.0 months | 21.0 months | ||||
Grace Period (Months) | 0.0 months | 2.0 months | 2.1 months | 0.0 months | 0.0 months | ||||
Total Cost of Credit | KES 2,598 | KES 7,071.68 | KES 13,644.34 | KES 45,958 | KES 109,277 | ||||
True Price by Comp | |||||||||
Interest price component | 31.7% | 31.8% | 30.7% | 30.7% | 30.9% | ||||
Fee Component | 12.3% | 4.7% | 3.1% | 1.6% | 1.4% | ||||
Insurance Component | 4.4% | 3.3% | 3.1% | 4.4% | 5.0% | ||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Deposit Component | 16.3% | 11.5% | 10.7% | 11.4% | 11.9% | ||||
Full APR (int fee ins tax dep) | 64.7% | 51.3% | 47.6% | 48.1% | 49.2% | ||||
Transparency Index | 49 | 62 | 67 | 67 | 65 | ||||
Original Repayment Schedule | |||||||||
MFT Pricing Calculation |
Loan Amount |
Type of Sample |
Disbursement Date |
Loan Term (Months) |
Grace Period (Months) |
Total Cost of Credit |
Full APR (int fee ins tax dep) |
True Price by Component |
Transparency Index |
Original Repayment Schedule |
MFT Pricing Calculation |
||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Interest price component |
Fee Component |
Insurance Component |
Tax Component |
Deposit Component |
||||||||||
PKR 100,000 | Real | 2015-05-01 | 12.0 months | N/A | PKR 25,992.99 | 45.4% | 40.3% | 3.0% | 2.1% | 0.0% | 0.0% | 90 | ||
PKR 20,000 | Generated | 2015-05-01 | 12.0 months | N/A | PKR 5,198.60 | 45.4% | 40.3% | 3.0% | 2.1% | 0.0% | 0.0% | 90 | - | |
PKR 50,000 | Real | 2015-05-01 | 10.0 months | N/A | PKR 11,091.60 | 46.2% | 40.3% | 3.5% | 2.4% | 0.0% | 0.0% | 89 | ||
PKR 30,000 | Generated | 2015-05-01 | 10.0 months | N/A | PKR 6,654.96 | 46.2% | 40.3% | 3.5% | 2.4% | 0.0% | 0.0% | 89 | - | |
PKR 40,000 | Generated | 2015-05-01 | 12.0 months | N/A | PKR 10,397.20 | 45.4% | 40.3% | 3.0% | 2.1% | 0.0% | 0.0% | 90 | - | |
PKR 45,000 | Generated | 2015-05-01 | 12.0 months | N/A | PKR 11,696.85 | 45.4% | 40.3% | 3.0% | 2.1% | 0.0% | 0.0% | 90 | - | |
PKR 60,000 | Generated | 2015-05-01 | 12.0 months | N/A | PKR 15,595.79 | 45.4% | 40.3% | 3.0% | 2.1% | 0.0% | 0.0% | 90 | - | |
PKR 75,000 | Generated | 2015-05-01 | 12.0 months | N/A | PKR 19,494.74 | 45.4% | 40.3% | 3.0% | 2.1% | 0.0% | 0.0% | 90 | - | |
PKR 100,000 | Generated | 2015-05-01 | 9.0 months | N/A | PKR 20,293.26 | 46.8% | 40.3% | 3.9% | 2.6% | 0.0% | 0.0% | 88 | - | |
PKR 125,000 | Generated | 2015-05-01 | 18.0 months | N/A | PKR 47,708.71 | 44.3% | 40.3% | 2.2% | 1.8% | 0.0% | 0.0% | 93 | - |
Key Statistics | |
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# 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 |
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