FINCA Microfinance Bank Ltd - MFTransparency.org Truth In Lending Tables

Please note that the information you are viewing is 107 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Please note that the information you are viewing is 163 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

FINCA Microfinance Bank Ltd 387-E, Johar TownLahore, Punjab

Data approved: 2015-04-17

Data version: 2

Age of data: 107 months

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Institution

Pragathi MAC Credit & Marketing Federation Ltd. #2-6-45/2, Sri Shanthi Nagar Colony, Road No. 2Circuit House Road, HanamkondaWarangal, Andhra Pradesh506001

Data approved: 2010-11-15

Data version: 1

Age of data: 163 months

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Institution Details

Institution Type	Bank
Is this institution regulated?	Yes
Website address	http://www.finca.org.pk
Year established	2008
Head of Institution	Muhammad Mudassar Aqil
Regions active	Khyber Pakhtunkwa, Punjab, Sindh
# Branches	100

Total Portfolio (nat'l)	PKR 4,435,751,302
Total Portfolio (USD)	USD 43,559,077.79
Active clients with loans	82,051
Approximate % female clients	0% - 20%
Approximate % urban clients	60% - 80%
Network affiliations	Pakistan Microfinance Network
Funders	FINCA Microfinance Cooperatief U.A., Kashf Holdings (Pvt.) Limited, International Finance Corporation (IFC), Triodos Fair Share Fund (TFSF)

Institution Details

Institution Type	Credit Union / Cooperative
Is this institution regulated?	Yes
Website address	N/A
Year established	1999
Head of Institution	Sri G. John
Regions active
# Branches	38

Total Portfolio (nat'l)	INR 242,718,712
Total Portfolio (USD)	USD 4,579,598.34
Active clients with loans	23,289
Approximate % female clients	80% - 100%
Approximate % urban clients	0% - 20%
Network affiliations

Loan Products » Summary

KKK

54,626 Borrowers

USD 23,561,566.56 Portfolio

Active Product

3,162 Borrowers

USD 827,172.25 Portfolio

Active Product

11,506 Borrowers

USD 9,262,522.35 Portfolio

Active Product

7,171 Borrowers

USD 5,298,027 Portfolio

Active Product

KKK

4,654 Borrowers

USD 3,072,572.92 Portfolio

Active Product

MMK

300 Borrowers

USD 110,169.12 Portfolio

Low Volume Product

BKC

574 Borrowers

USD 1,258,651.08 Portfolio

Low Volume Product

BKG

2 Borrowers

USD 7,359.92 Portfolio

Low Volume Product

BK(RF)

56 Borrowers

USD 161,036.58 Portfolio

Low Volume Product

KKKK

Retired Product

KSK

Retired Product

KZK

Retired Product

Note: MFTransparency presents full data for active products with over 50 borrowers. Basic data is shown for lower volume products

Loan Products » Summary

Agriculture

3,005 Borrowers

USD 523,382.68 Portfolio

Active Product

Crop

8,014 Borrowers

USD 1,395,687.11 Portfolio

Active Product

Education

1,002 Borrowers

USD 174,460.89 Portfolio

Active Product

Group

501 Borrowers

USD 87,230.43 Portfolio

Active Product

Housing

2,004 Borrowers

USD 348,921.77 Portfolio

Active Product

Micro

11,771 Borrowers

USD 2,049,915.45 Portfolio

Active Product

Loan Products » Conditions

Product Name	Loan Size Range	Loan Term (months)	% Female	% Urban	Loan Purpose	Eligibility	Other Services
Kamyab Karobari Karza	PKR 25,000 - 150,000	3 - 18	0% - 20%	80% - 100%	Business	Women, Men, Have business	Credit Ins
Sunehri Karza	PKR 25,000 - 150,000	3 - 24	0% - 20%	60% - 80%	Business	Women, Men, Have business	Credit Ins
Raqam Barwaqt	PKR 50,000 - 150,000	12	0% - 20%	80% - 100%	Business	Women, Men, Have business	Credit Ins
Zarai Karza	PKR 25,000 - 150,000	3 - 12	0% - 20%	0%	Agriculture	Women, Men, Have business	Credit Ins
Kamyab Kashtkar Karza	PKR 25,000 - 150,000	3 - 12	0%	0%	Agriculture	Women, Men, Have business	Credit Ins

Loan Products » Conditions

Product Name	Loan Size Range	Loan Term (months)	% Female	% Urban	Loan Purpose	Eligibility	Other Services
Agriculture and Allied Business Loan	INR 5,000 - 50,000	12 - 20	80% - 100%	0% - 20%	Business	Women	Credit Educ, Group Mtgs, Credit Ins, Other Training
Crop Loan	INR 3,000 - 25,000	6 - 15	80% - 100%	0% - 20%	Business, Other	Women	Credit Educ, Group Mtgs, Credit Ins, Other Training
Education Loan	INR 3,000 - 20,000	12 - 20	60% - 80%	0% - 20%	Education	Women, Have home or land, Salaried worker	Group Mtgs, Credit Ins, Other Training
Group Loan	INR 10,000 - 30,000	12 - 20	80% - 100%	20% - 40%	Any Purpose	Women	Credit Educ, Group Mtgs, Credit Ins, Other Training, Livelihood and Social Awareness programs
Housing Loan	INR 10,000 - 50,000	15 - 30	60% - 80%	0% - 20%	Housing	Women, Salaried worker	Credit Educ, Group Mtgs, Credit Ins, Other Training
Micro Enterprise Loan	INR 5,000 - 50,000	12 - 20	80% - 100%	0% - 20%	Business	Women, Have business	Credit Educ, Group Mtgs, Other Training, Social Awareness programs

Loan Products » Pricing Information

Product Name	Annual Nominal Interest	Fees	Insurance	Taxes	Compulsory Deposit	APR (int+fee)	Full APR	Transparency Index
Kamyab Karobari Karza	25.0%-30.0% annual, Flat	1 Fee	1 Ins	16.00% fees	N/A	42.7% - 55.2%	44.7% - 59.1%	45
Sunehri Karza	24.0%-26.0% annual, Decl Bal	1 Fee	1 Ins	16.00% fees	N/A	25.3% - 35.8%	27.3% - 40.9%	72
Raqam Barwaqt	27.0%-28.0% annual, Flat	1 Fee	1 Ins	16.00% fees	N/A	30.4% - 32.2%	31.7% - 33.8%	81
Zarai Karza	27.0% annual, Flat	1 Fee	1 Ins	16.00% fees	N/A	25.8% - 39.9%	27.2% - 44.7%	86
Kamyab Kashtkar Karza	29.0%-30.0% annual, Flat	1 Fee	1 Ins	16.00% fees	N/A	30.6% - 35.5%	31.8% - 38.7%	83

Loan Products » MFIN India Additional Information

Product Name	APR (int)	MFIN MFI Earning (Annualised)	MFIN Cost to Borrower (Annualised)	MFIN Transparency Index
Agriculture and Allied Business Loan	0%	25.6%	32.7% - 36.1%	N/A
Crop Loan	0%	21.5% - 21.6%	26.6% - 28.7%	N/A
Education Loan	0%	25.6% - 25.7%	33.8% - 36.2%	N/A
Group Loan	0%	25.6% - 25.7%	32.7% - 33.8%	N/A
Housing Loan	0%	25.6% - 25.7%	33.2% - 36.1%	N/A
Micro Enterprise Loan	0%	25.6% - 25.7%	32.7% - 35.9%	N/A

*Please click here for more information

Loan Products » Pricing Information

Product Name	Annual Nominal Interest	Fees	Insurance	Taxes	Compulsory Deposit	APR (int+fee)	Full APR	Transparency Index
Agriculture and Allied Business Loan	12.5% annual, Flat	1 Fee	1 Ins	None	10.0% upfront 50.00 ongoing	25.6%	32.7% - 36.1%	37
Crop Loan	12.5% annual, Flat	1 Fee	1 Ins	None	10.0% upfront 50.00 ongoing	21.5% - 21.6%	26.6% - 28.7%	45
Education Loan	12.5% annual, Flat	1 Fee	1 Ins	None	10.0% upfront 100.00 ongoing	25.6% - 25.7%	33.8% - 36.2%	36
Group Loan	12.5% annual, Flat	1 Fee	1 Ins	None	10.0% upfront 50.00 ongoing	25.6% - 25.7%	32.7% - 33.8%	37
Housing Loan	9.0% annual, Flat	1 Fee	1 Ins	None	10.0% upfront 100.00 ongoing	25.6% - 25.7%	33.2% - 36.1%	26
Micro Enterprise Loan	12.5% annual, Flat	1 Fee	1 Ins	None	10.0% upfront 50.00 ongoing	25.6% - 25.7%	32.7% - 35.9%	37

Loan Products » Pricing Information

Product Name	Annual Nominal Interest	Fees	Insurance	Taxes	Compulsory Deposit	APR (int+fee)	Full APR	Transparency Index
Kamyab Karobari Karza	25.0%-30.0% annual, Flat	1 Fee	1 Ins Ins	16.00% fees	N/A	42.7% - 55.2%	44.7% - 59.1%	45
Sunehri Karza	24.0%-26.0% annual, Decl Bal	1 Fee	1 Ins Ins	16.00% fees	N/A	25.3% - 35.8%	27.3% - 40.9%	72
Raqam Barwaqt	27.0%-28.0% annual, Flat	1 Fee	1 Ins Ins	16.00% fees	N/A	30.4% - 32.2%	31.7% - 33.8%	81
Zarai Karza	27.0% annual, Flat	1 Fee	1 Ins Ins	16.00% fees	N/A	25.8% - 39.9%	27.2% - 44.7%	86
Kamyab Kashtkar Karza	29.0%-30.0% annual, Flat	1 Fee	1 Ins Ins	16.00% fees	N/A	30.6% - 35.5%	31.8% - 38.7%	83

Loan Products » MFIN India Additional Information

Product Name	APR (int)	MFIN MFI Earning (Annualised)	MFIN Cost to Borrower (Annualised)	MFIN Transparency Index
Agriculture and Allied Business Loan	0%	25.6%	32.7% - 36.1%	N/A
Crop Loan	0%	21.5% - 21.6%	26.6% - 28.7%	N/A
Education Loan	0%	25.6% - 25.7%	33.8% - 36.2%	N/A
Group Loan	0%	25.6% - 25.7%	32.7% - 33.8%	N/A
Housing Loan	0%	25.6% - 25.7%	33.2% - 36.1%	N/A
Micro Enterprise Loan	0%	25.6% - 25.7%	32.7% - 35.9%	N/A

*Please click here for more information

Loan Products » Pricing Information

Product Name	Annual Nominal Interest	Fees	Insurance	Taxes	Compulsory Deposit	APR (int+fee)	Full APR	Transparency Index
Agriculture and Allied Business Loan	12.5% annual, Flat	1 Fee	1 Ins Ins	None	10.0% upfront 50.00 ongoing	25.6%	32.7% - 36.1%	37
Crop Loan	12.5% annual, Flat	1 Fee	1 Ins Ins	None	10.0% upfront 50.00 ongoing	21.5% - 21.6%	26.6% - 28.7%	45
Education Loan	12.5% annual, Flat	1 Fee	1 Ins Ins	None	10.0% upfront 100.00 ongoing	25.6% - 25.7%	33.8% - 36.2%	36
Group Loan	12.5% annual, Flat	1 Fee	1 Ins Ins	None	10.0% upfront 50.00 ongoing	25.6% - 25.7%	32.7% - 33.8%	37
Housing Loan	9.0% annual, Flat	1 Fee	1 Ins Ins	None	10.0% upfront 100.00 ongoing	25.6% - 25.7%	33.2% - 36.1%	26
Micro Enterprise Loan	12.5% annual, Flat	1 Fee	1 Ins Ins	None	10.0% upfront 50.00 ongoing	25.6% - 25.7%	32.7% - 35.9%	37

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Key Statistics
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# 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

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Institution

Institution

Institution Details

Institution Details

Loan Products » Summary

Loan Products » Summary

Loan Products » Conditions

Loan Products » Conditions

Loan Products » Pricing Information

Loan Products » MFIN India Additional Information

Loan Products » Pricing Information

Loan Products » Pricing Information

Loan Products » MFIN India Additional Information

Loan Products » Pricing Information

Institution Price Graph

Institution Price Graph

Total Borrowers of Samples

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