Outstanding portfolio (MZN) | MZN 39,944,556.50 |
Portfolio (USD) | USD 1,181,791.61 |
Active Clients with Loans | 5,679 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 60% - 80% |
Individual | |
Solidarity group | |
Village banking | x |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | |
Workplace visits | x |
Business training | x |
Other training | |
Other | |
Other (2) | |
No other services |
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 | x |
Other | |
Other (2) |
# Regions for this institution | 6 |
# Regions for this product | 6 |
Regions Active | Maputo Capital, Maputo Province, Inhambane, Gaza, Manica, Tete |
Currency | MZN |
Minimum loan size | MZN 3,000 |
Maximum loan size | 30,000 |
Loans less than MZN 5,000 | 30% |
MZN 5,000-10,000 | 30% |
MZN 10,000-20,000 | 30% |
MZN 20,000-40,000 | 10% |
MZN 40,000-60,000 | 0 |
Greater than MZN 60,000 | 0 |
Shortest loan term | 4.0 months |
Longest loan term | 6.0 months |
Approx average | 4.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 100% |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 0 |
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 | x |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 4.00% |
Highest quoted nominal interest | 4.00% |
Interest rate period | 4 Weeks |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Required for | Some |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | Yes |
Do borrowers control deposit in their group? | Yes |
% loan amount deposited | 10.00% - 20.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | End Term |
Minimum interest rate paid | 0 |
Maximum interest rate paid | 0 |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
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 |
||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Interest price component |
Fee Component |
Insurance Component |
Tax Component |
Deposit Component |
||||||||||
MZN 5,000 | Real | 2015-02-12 | 3.9 months | N/A | MZN 800 | 83.0% | 71.3% | 0.0% | 0.0% | 0.0% | 11.7% | 63 | ||
MZN 5,000 | Generated | 2015-03-01 | 3.7 months | N/A | MZN 736.44 | 85.3% | 72.7% | 0.0% | 0.0% | 0.0% | 12.6% | 61 | - | |
MZN 5,000 | Real | 2015-02-12 | 3.9 months | N/A | MZN 800 | 83.0% | 71.3% | 0.0% | 0.0% | 0.0% | 11.7% | 63 | ||
MZN 5,000 | Generated | 2015-03-01 | 3.7 months | N/A | MZN 736.44 | 85.3% | 72.7% | 0.0% | 0.0% | 0.0% | 12.6% | 61 | - | |
MZN 3,000 | Generated | 2015-03-01 | 5.5 months | N/A | MZN 718.03 | 96.6% | 82.2% | 0.0% | 0.0% | 0.0% | 14.4% | 54 | - | |
MZN 12,000 | Generated | 2015-03-01 | 5.5 months | N/A | MZN 2,872.11 | 105.8% | 82.2% | 0.0% | 0.0% | 0.0% | 23.6% | 49 | - | |
MZN 16,500 | Generated | 2015-03-01 | 5.5 months | N/A | MZN 3,949.15 | 105.8% | 82.2% | 0.0% | 0.0% | 0.0% | 23.6% | 49 | - | |
MZN 21,000 | Generated | 2015-03-01 | 5.5 months | N/A | MZN 5,026.19 | 105.8% | 82.2% | 0.0% | 0.0% | 0.0% | 23.6% | 49 | - | |
MZN 26,000 | Generated | 2015-03-01 | 5.5 months | N/A | MZN 6,222.90 | 105.8% | 82.2% | 0.0% | 0.0% | 0.0% | 23.6% | 49 | - | |
MZN 30,000 | Generated | 2015-03-01 | 3.7 months | N/A | MZN 4,786.85 | 100.4% | 78.5% | 0.0% | 0.0% | 0.0% | 21.9% | 52 | - |
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) |
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 |
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 |
Key Statistics | |
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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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