Please note that the information you are viewing is 106 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Micro Options Mohallah Hussainiya, Thaneel RoadChakwal, Punjab
Data approved: 2015-05-05
Data version: 2
Age of data: 106 months

Institution Details

Institution TypeNon-Governmental Organization
Is this institution regulated?Yes
Website addresshttp://www.microoption.org
Year established2009
Head of InstitutionShazia Abbas
Regions activeIslambad Capital Territory, Punjab
# Branches5

Total Portfolio (nat'l)PKR 78,225,144
Total Portfolio (USD)USD 768,170.91
Active clients with loans4,024
Approximate % female clients40% - 60%
Approximate % urban clients20% - 40%
Network affiliationsPunjab Microfinance Network, Pakistan Microfinance Network, Human Resouce Development Network (HRDN)
FundersPakistan Poverty Alleviation Fund, Plan Pakistan/NRSP, Institute of Rural Management (IRM), Philonthrophist / Individual Donations

Loan Products » Summary

1,831 Borrowers
USD 384,027.30 Portfolio
Active Product
1,813 Borrowers
USD 247,824.93 Portfolio
Active Product
344 Borrowers
USD 120,730.65 Portfolio
Low Volume Product
14 Borrowers
USD 6,812.63 Portfolio
Low Volume Product
22 Borrowers
USD 8,775.40 Portfolio
Low Volume Product
Note: MFTransparency presents full data for active products with over 50 borrowers. Basic data is shown for lower volume products

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Livestock Loan PKR 5,000 - 75,000 12 40% - 60% 0% - 20% Business Women, Men, Have business, Specific age group Group Mtgs, Tech Asst Visits, Other Training
Commerce Loan PKR 5,000 - 30,000 12 20% - 40% 60% - 80% Business Women, Men, Have business, Specific age group Group Mtgs, Tech Asst Visits, Other Training

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Livestock Loan 26.0%-31.0% annual, Decl Bal 1 Fee 0 Ins None N/A 32.9% - 34% 32.9% - 34% 78
Commerce Loan 26.0%-31.0% annual, Decl Bal 1 Fee 0 Ins None N/A 33.8% - 36.3% 33.8% - 36.3% 74
Institution Price Graph
Please note that the information you are viewing is 132 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

DAASGIFT Quality Foundation - FNGO Head OfficeTakoradi, WesternPO Box TD 1369
Data approved: 2013-05-27
Data version: 2
Age of data: 132 months

Product

Energy (Clean Cookstoves) Product 1 of 5 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (GHS)GHS 82,480
Portfolio (USD)USD 41,868.02
Active Clients with Loans1,120
Approximate % Female Clients80% - 100%
Approximate % Urban Clients60% - 80%
Methodology
Individualx
Solidarity groupx
Village banking
Self help group
Other
Description
Loans granted for the purchase of clean cookstoves, ovens, and accessories.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loanx
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visitsx
Business trainingx
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution1
# Regions for this product1
Regions ActiveWestern Region

Loan Conditions

Loan Amount
CurrencyGHS
Minimum loan sizeGHS 100
Maximum loan size2,000
Distribution at Disbursement (Est.)
Loans less than GHS 1,00050%
GHS 1,000-5,00050%
GHS 5,000-7,5000
GHS 7,500-10,0000
GHS 10,000-13,0000
Greater than GHS 13,0000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term6.0 months
Approx average4.5 months
Distribution at Disbursement (Est.)
Loans 3 months or less20%
Between 4 and 6 months80%
Between 7 and 9 months0
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
Every 2 weeksx
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest2.00%
Highest quoted nominal interest3.00%
Reason(s) why interest rate variesBranch, Time as Client, Loan Size, Client Risk, Collateral, Loan Purpose
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?Yes
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Full Pricing Data

Energy (Clean Cookstoves) samples
Sample 1Sample 2Sample 3
Loan AmountGHS 315GHS 750GHS 1,500
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2013-01-212012-12-062013-03-19
Loan Term (Months)6.0 months6.0 months6.0 months
Grace Period (Months)0.0 months0.0 months0.0 months
Total Cost of CreditGHS 66.60GHS 159GHS 315
True Price by Comp     
Interest price component68.1%67.1%66.5%
Fee Component0.0%0.0%0.0%
Insurance Component0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)68.1%67.1%66.5%
Transparency Index353636
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
Energy (Clean Cookstoves) Price Graphs


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% Products with one or more insurances
% Products with compulsory deposits
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