Waseela Microfinance Bank - Waseela Fori Cash Loan - MFTransparency.org Truth In Lending Tables

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Institution

Waseela Microfinance Bank 3-A/2, Kaghan Road, F-8 Markaz, IslamabadIslamabad, Capital Territory44000

Data approved: 2015-06-04

Data version: 1

Age of data: 107 months

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Product

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Product Details

Key Statistics

Outstanding portfolio (PKR)	PKR 309,986,036
Portfolio (USD)	USD 3,044,062.87
Active Clients with Loans	4,713
Approximate % Female Clients	0% - 20%
Approximate % Urban Clients	20% - 40%

Methodology

Individual	x
Solidarity group
Village banking
Self help group
Other

Description

This is a financial facility offered to individuals engaged in Agricuture / livestock / trading / manufacturing activities.

Loan Purpose

Any purpose
Income generation	x
Mortgage/housing
Consumer loan
Agriculture	x
Education
Other household finance
Other	Livestock
Other (2)	Trading & Manufacturing

Included Services

Credit education
Group meetings
Credit insurance
Workplace visits
Business training
Other training
Other
Other (2)
No other services	x

Eligibility

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)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	4
# Regions for this product	4
Regions Active	Islambad Capital Territory, Khyber Pakhtunkwa, Punjab, Sindh

Loan Conditions

Loan Amount

Currency	PKR
Minimum loan size	PKR 25,000
Maximum loan size	150,000

Distribution at Disbursement (Est.)

Loans less than PKR 10,000	0
PKR 10,000-25,000	0
PKR 25,000-50,000	20%
PKR 50,000-75,000	50%
PKR 75,000-150,000	30%
Greater than PKR 150,000	30%

Loan Term and Grace Period

Shortest loan term	3.0 months
Longest loan term	12.0 months
Approx average	DK

Distribution at Disbursement (Est.)

Loans 3 months or less	0
Between 4 and 6 months	10%
Between 7 and 9 months	50%
Between 10 and 12 months	40%
Between 13 and 18 months	0
Longer than 18 months	0

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment	x
Irregular payments

Pricing Information

Interest

Lowest quoted nominal interest	27.00%
Highest quoted nominal interest	30.00%
Reason(s) why interest rate varies	Time as Client
Interest rate period	Yearly
Interest Rate Calculation Method	Flat
Subsidized by funder request?	No
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1
Description	Loan Processing Fee
% of loan amount - min	0
% of loan amount - max	0
OR, Fixed amount - min	1,000
Fixed amount - max	1,000
Reason for variation	N/A
Appears on Repayment Sched?	Yes

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 for	Never
Criteria	N/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 deposited	N/A
or, Fixed-amount deposited	N/A

Deposits DURING period payments

% loan amount deposited	N/A
or, Fixed-amount deposited	N/A
Conditions on access to deposit	N/A

Interest Paid on Deposit

Minimum interest rate paid	N/A
Maximum interest rate paid	N/A
Interest payment frequency	N/A

Taxes

Are taxes charged on this product?	Yes
Percentage of fees	16%
All or some fees taxed	All

Full Pricing Data

Waseela Fori Cash Loan samples

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
Loan Amount	Type of Sample	Disbursement Date	Loan Term (Months)	Grace Period (Months)	Total Cost of Credit	Full APR (int fee ins tax dep)	Interest price component	Fee Component	Insurance Component	Tax Component	Deposit Component	Transparency Index	Original Repayment Schedule	MFT Pricing Calculation
PKR 25,000	Generated	2015-07-01	5.9 months	N/A	PKR 4,719.32	36.6%	27.0%	8.3%	0.0%	1.3%	0.0%	74	-	PDF
PKR 50,000	Generated	2015-07-01	8.9 months	N/A	PKR 12,211.51	30.2%	27.0%	2.7%	0.0%	0.5%	0.0%	89	-	PDF
PKR 55,000	Generated	2015-07-01	8.9 months	N/A	PKR 13,316.66	29.9%	27.0%	2.5%	0.0%	0.4%	0.0%	90	-	PDF
PKR 60,000	Generated	2015-07-01	8.9 months	N/A	PKR 14,421.81	29.6%	27.0%	2.3%	0.0%	0.3%	0.0%	91	-	PDF
PKR 65,000	Generated	2015-07-01	8.9 months	N/A	PKR 15,526.96	29.4%	27.0%	2.1%	0.0%	0.3%	0.0%	92	-	PDF
PKR 70,000	Generated	2015-07-01	11.8 months	N/A	PKR 22,507.51	28.7%	27.0%	1.5%	0.0%	0.2%	0.0%	94	-	PDF
PKR 80,000	Generated	2015-07-01	11.8 months	N/A	PKR 25,557.15	28.5%	27.0%	1.3%	0.0%	0.2%	0.0%	95	-	PDF
PKR 100,000	Generated	2015-07-01	11.8 months	N/A	PKR 31,656.44	28.2%	27.0%	1.0%	0.0%	0.2%	0.0%	96	-	PDF

Waseela Fori Cash Loan Price Graphs

Click to view Price Analysis Tool

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
Adhikar	35,300	2,674,000	1	133
AMPL	0	0	0	133
Arman	41,500	529,107,000	1	133
Arohan	43,500	8,091,000	2	133
ASA INDIA	164,000	15,380,000	1	133
Asirvad	113,500	19,328,000	1	133
Asmitha	1,114,800	217,867,000	1	133
Bandhan	4,048,600	674,564,000	5	133
Belstar	123,000	23,945,000	2	111
BSFL	275,200	31,590,000	3	133
Chaitanya	20,700	3,748,000	3	133
Disha Microfin	69,000	14,332,000	2	133
Equitas	1,220,000	186,415,000	4	133
ESAF	354,200	43,500,000	5	133
FFSL	150,600	35,719,000	2	133
Fusion	66,800	9,820,000	2	133
Grama Vidiyal	738,200	102,101,000	1	133
Grameen Koota	586,600	83,555,000	15	135
Janalakshmi	506,000	119,077,000	2	133
L & T Finance	399,800	37,199,000	1	133
MFL	331,800	49,083,000	1	133
MMFL	175,000	23,752,000	2	133
Mpower	13,600	2,263,000	2	133
Sahayata	0	0	0	133
Saija	24,700	4,682,000	2	133
Samasta	45,500	4,809,000	2	133
Satin	405,600	90,174,000	2	133
SCCI	115,600	15,910,000	2	133
Share	2,195,400	376,727,000	1	133
SKS	3,409,000	355,029,000	2	133
SMILE	360,200	56,927,000	1	133
SNFL	9,400	1,779,000	1	133
Sonata Finance	158,200	22,724,000	3	135
Spandana	533,400	147,240,000	2	133
Suryoday	78,600	14,713,000	3	133
SVCL	118,200	18,886,000	1	133
Swadhaar	92,800	17,166,000	3	133
Trident	68,700	8,852,000	1	133
Ujjivan	913,300	160,848,000	5	133
Utkarsh	168,600	25,915,000	3	133
VFS	175,400	19,264,000	2	133
Asomi	50,300	4,743,000	2	165
AES India	3,600	286,000	1	165
Arth	2,900	611,000	2	165
Asomi	50,300	4,743,000	2	165
Barasat GS	1,100	99,508.02	1	165
BJS	6,000	468,000	1	165
Cashpor	417,000	50,452,000	1	164
Credible	10,000	1,669,540.36	2	165
DIBAKAR	1,800	145,000	1	164
GOF	65,200	5,388,000	4	164
Hope	62,600	4,407,000	1	162
Jaago	2,700	237,000	1	163
LOK	4,900	573,000	1	164
Nano	25,600	3,660,000	2	165
NBSAAVS	28,100	2,821,000	1	162
Nirantara	8,200	917,000	2	164
Parama	7,100	482,000	1	164
Pragathi	26,200	4,579,000	6	164
PWMACS	36,500	5,946,000	1	164
Saadhana	90,900	12,046,000	2	164
Sambhav	1,500	183,000	3	164
Seba Rahara	6,700	468,000	1	164
SU	61,100	5,498,000	1	164
Swayanshree	7,900	918,000	2	164
Vikas Samiti	1,600	168,000	1	164
Vistaar	4,300	1,157,000	2	162
We The People	1,100	244,000	2	164
WEMCS	1,100	85,000	1	164
Yukti	1,100	99,000	2	164

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

	X Axis
	Greater than:
	Less or equal to:
N (# of Samples)
Total Borrrowers of Samples


Avg
Min
Max
Std Dev

By Inst Type


By Country

	X Axis
	Greater than:
	Less or equal to:
	From 0 to
	to
	to
	to ∞

Institution

Product

Product Details

Key Statistics

Methodology

Description

Loan Purpose

Included Services

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

Loan Conditions

Loan Amount

Distribution at Disbursement (Est.)

Loan Term and Grace Period

Distribution at Disbursement (Est.)

Grace Period

Repayment Frequency

Pricing Information

Interest

Upfront Fees

Ongoing Fees

Upfront Insurance Fees

Ongoing Insurance Fees

Compulsory Deposit

Deposit BEFORE or AT Disbursement

Deposits DURING period payments

Interest Paid on Deposit

Taxes

Full Pricing Data

Waseela Fori Cash Loan samples

Waseela Fori Cash Loan Price Graphs

Total Borrowers of Samples

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