Institution Type | Bank |
Is this institution regulated? | Yes |
Website address | http://www.tameerbank.com |
Year established | 2005 |
Head of Institution | Nadeem Hussain (CEO & President) |
Regions active | Balochistan, Khyber Pakhtunkwa, Punjab, Sindh |
# Branches | 115 (inclusive of Financial Centres & Community Centres) |
Total Portfolio (nat'l) | PKR 6,960,000,000 |
Total Portfolio (USD) | USD 71,020,408.16 |
Active clients with loans | 160,336 |
Approximate % female clients | 40% - 60% |
Approximate % urban clients | 40% - 60% |
Network affiliations | Pakistan Micro Finance Network |
Funders | CGAP, DFID |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tameer Sarmaya Qarza (TSQ) | PKR 10,000 - 150,000 | 3 - 12 | 20% - 40% | 20% - 40% | Business, Agriculture, Other | Women, Men | Credit Ins | |||||||
Karobar Loan | PKR 10,000 - 125,000 | 6 - 18 | 0% - 20% | 60% - 80% | Business | Women, Men, Have business | ||||||||
Livestock Financing | PKR 50,000 - 400,000 | 6 - 24 | 0% | 100% | Business | Women, Men, Have business | ||||||||
Group Loan | PKR 15,000 - 25,000 | 6 - 12 | 60% - 80% | 60% - 80% | Business | Women, Men | ||||||||
Motorbike Financing | PKR 25,000 - 79,200 | 12 - 24 | 0% | 100% | Business, Consumer | Men | Credit Ins | |||||||
House Finance | PKR 20,000 - 450,000 | 24 - 60 | 0% | 100% | Housing, Consumer | Women, Men, Have home or land | Credit Ins | |||||||
Salary Loan | PKR 10,000 - 150,000 | 12 - 18 | 0% - 20% | 100% | Consumer, Other | Women, Men, Salaried worker |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tameer Sarmaya Qarza (TSQ) | 27.0%-33.0% annual, Flat | 1 Fee | 0 Ins | 16.00% fees | N/A | 27.8% - 41.2% | 28% - 42.9% | N/A | ||||||||
Karobar Loan | 21.0%-25.0% annual, Flat | 1 Fee | 0 Ins | 16.00% fees | N/A | 40.4% - 47.4% | 41% - 49% | N/A | ||||||||
Livestock Financing | 23.0%-30.0% annual, Flat | 1 Fee | 0 Ins | 16.00% fees | N/A | 40.4% - 42.3% | 40.5% - 42.7% | N/A | ||||||||
Group Loan | 21.0% annual, Flat | 1 Fee | 0 Ins | 16.00% fees | 5.0%-10.0% upfront | 39.8% - 43.8% | 46.9% - 48.3% | N/A | ||||||||
Motorbike Financing | 28.0% annual, Flat | 1 Fee | 0 Ins | 16.00% fees | N/A | 39.3% - 49.4% | 39.9% - 49.7% | N/A | ||||||||
House Finance | 19.0%-20.0% annual, Flat | 1 Fee | 0 Ins | 16.00% fees | N/A | 32.3% - 42.8% | 32.4% - 43.6% | N/A | ||||||||
Salary Loan | 18.0% annual, Flat | 1 Fee | 0 Ins | 16.00% fees | N/A | 33.3% - 42.7% | 33.4% - 44.2% | N/A |
Outstanding portfolio (PHP) | PHP 393,049,789.90 |
Portfolio (USD) | USD 9,403,105.02 |
Active Clients with Loans | 44,667 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 20% - 40% |
Individual | x |
Solidarity group | x |
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 | 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 | |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Currency | PHP |
Minimum loan size | PHP 10,000 |
Maximum loan size | 200,000 |
Shortest loan term | 3.0 months |
Longest loan term | 12.0 months |
Approx average | 0 |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | x |
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 | 2.00% |
Highest quoted nominal interest | 2.00% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Ins 1 | Ins 2 | ||
---|---|---|---|
Description | Life Insurance | Hospital Income Benefit (HIB) | |
% of loan amount - min | 0 | 0 | |
% of loan amount - max | 0 | 0 | |
OR, Fixed amount - min | 20 | 2.50 | |
Fixed amount - max | 20 | 2.50 | |
Reason for variation | N/A | N/A | |
Appears on Repayment Sched? | No | No |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | |
Do borrowers control deposit in their group? |
% loan amount deposited | 10.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | PHP 30 |
Conditions on access to deposit | When Leaving |
Minimum interest rate paid | 5.00% |
Maximum interest rate paid | 5.00% |
Interest payment frequency | Quarterly |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | PHP 15,000 | PHP 30,000 | PHP 30,000 | PHP 60,000 | PHP 90,000 | ||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
Disbursement Date | 2011-09-15 | 2011-09-20 | 2011-08-04 | 2011-05-18 | 2011-03-23 | ||||
Loan Term (Months) | 11.7 months | 11.7 months | 12.0 months | 11.7 months | 8.6 months | ||||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | ||||
Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
True Price by Comp | |||||||||
Interest and Fee Component | 45.8% | 45.8% | 44.2% | 45.8% | 46.3% | ||||
Insurance Component | 13.2% | 6.7% | 6.4% | 3.3% | 2.3% | ||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Deposit Component | 16.7% | 12.3% | 11.4% | 10.3% | 9.9% | ||||
Full APR (int fee ins tax dep) | 75.7% | 64.8% | 62.0% | 59.5% | 58.5% | ||||
Transparency Index | 32 | 37 | 39 | 40 | 41 | ||||
Original Repayment Schedule | |||||||||
MFT Pricing Calculation |
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