Number borrowers | 494 |
Loan Amount (range) | PKR 10,000 - 50,000 |
Loan Term (range) | 3 - 12 |
Other Services (text summary) | Group Mtgs, Credit Ins |
Annual Interest & Method | 26.0%-38.4% annual, Decl Bal |
Fees | 638.00 upfront |
Insurance | None |
Tax | 16.00% fees |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | 4.0% - 41.0% |
Fee Component | 0.4% - 8.6% |
Insurance Component | 0 |
Tax Component Range | 0 - 0.9% |
Full APR (int fee ins tax dep) | 27.6% - 37.6% |
Transparency Index (min/max) | 0 - N/A |
Transparency Index (average) | N/A |
3,018 |
MAD 1,000 - 10,000 |
4 - 12 |
24.0% annual, Flat |
1.00% upfront |
22.00-34.00 upfront |
None |
N/A |
40.4% - 43.2% |
2.0% - 3.8% |
0.3% - 6.2% |
0 |
43.4% - 49.4% |
47 - 56 |
53 |
Outstanding portfolio (PKR) | PKR 13,499,330 |
Portfolio (USD) | USD 137,748.27 |
Active Clients with Loans | 494 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 0% - 20% |
Individual | |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | |
Mortgage/housing | x |
Consumer loan | |
Agriculture | |
Education | x |
Other household finance | x |
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 | 6 |
# Regions for this product | 6 |
Regions Active | Azad Kashmir, Balochistan, Gilgit-Baltistan, Khyber Pakhtunkwa, Punjab, Sindh |
Outstanding portfolio (MAD) | MAD 8,675,966 |
Portfolio (USD) | USD 1,020,701.88 |
Active Clients with Loans | 3,018 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 40% - 60% |
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 | |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services | x |
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 | |
Other (2) |
# Regions for this institution | 5 |
# Regions for this product | 5 |
Regions Active | Rabat-Sale-Kenitra, Beni Mellal-Khenifra, Settat-Casablanca, Marrakesh-Safi, Drâa-Tafilalt |
Currency | PKR |
Minimum loan size | PKR 10,000 |
Maximum loan size | 50,000 |
Loans less than PKR 10,000 | 10% |
PKR 10,000-25,000 | 60% |
PKR 25,000-50,000 | 30% |
PKR 50,000-75,000 | 0 |
PKR 75,000-150,000 | 0 |
Greater than PKR 150,000 | 0 |
Shortest loan term | 3.0 months |
Longest loan term | 12.0 months |
Approx average | 12.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 100% |
Between 13 and 18 months | 0 |
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 | x |
Irregular payments |
Currency | MAD |
Minimum loan size | MAD 1,000 |
Maximum loan size | 10,000 |
Loans less than MAD 5,000 | 20% |
MAD 5,000-15,000 | 80% |
MAD 15,000-25,000 | 0 |
MAD 25,000-35,000 | 0 |
MAD 35,000-45,000 | 0 |
Greater than MAD 45,000 | 0 |
Shortest loan term | 4.0 months |
Longest loan term | 12.0 months |
Approx average | DK |
Loans 3 months or less | 0 |
Between 4 and 6 months | 5% |
Between 7 and 9 months | 5% |
Between 10 and 12 months | 90% |
Between 13 and 18 months | 0 |
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 | 26.00% |
Highest quoted nominal interest | 38.40% |
Reason(s) why interest rate varies | Branch, Loan Repayment Type (Bullet and Installment) |
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 | loan processing fee |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 638 |
Fixed amount - max | 638 |
Reason for variation | Fee is fixed. Insurance fee is part of processing fee |
Appears on Repayment Sched? | Yes |
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? | Yes |
Percentage of fees | 16% |
All or some fees taxed | Some |
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? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Frais de Dossier |
% of loan amount - min | 1.00% |
% of loan amount - max | 1.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Décès, Invalidité |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 22 |
Fixed amount - max | 34 |
Reason for variation | (Moins 5 000 - Assurances Annuel 22MAD/entre 5 000 et 10 000 - Assurances Annuel 28MAD/ Plus 10 000 -Assurances Annuel 34 MAD) |
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 | |||
---|---|---|---|---|---|
Loan Amount | PKR 10,000 | PKR 20,000 | PKR 50,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-08-23 | 2013-04-25 | 2013-07-30 | ||
Loan Term (Months) | 12.0 months | 12.0 months | 12.0 months | ||
Grace Period (Months) | 0.2 months | 0.0 months | 0.2 months | ||
Total Cost of Credit | PKR 3,237 | PKR 4,246 | PKR 13,640 | ||
True Price by Comp | |||||
Interest price component | 26.0% | 31.3% | 26.0% | ||
Fee Component | 8.6% | 6.3% | 1.6% | ||
Insurance Component | 0.0% | 0.0% | 0.0% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 34.6% | 37.6% | 27.6% | ||
Transparency Index | N/A | N/A | N/A | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | MAD 1,000 | MAD 2,500 | MAD 5,000 | MAD 10,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2013-01-21 | 2013-01-21 | 2013-01-21 | 2013-01-02 | |||
Loan Term (Months) | 8.0 months | 10.0 months | 12.0 months | 12.0 months | |||
Grace Period (Months) | 0.1 months | 0.1 months | 0.1 months | 0.1 months | |||
Total Cost of Credit | MAD 192 | MAD 547 | MAD 1,278 | MAD 2,528 | |||
True Price by Comp | |||||||
Interest price component | 40.4% | 40.8% | 40.9% | 40.9% | |||
Fee Component | 2.8% | 2.3% | 2.0% | 2.0% | |||
Insurance Component | 6.2% | 2.1% | 1.1% | 0.5% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Full APR (int fee ins tax dep) | 49.4% | 45.2% | 44.0% | 43.4% | |||
Transparency Index | 49 | 53 | 55 | 55 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
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 |
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