| Number borrowers | 31,428 |
| Loan Amount (range) | PKR 10,000 - 125,000 |
| Loan Term (range) | 6 - 18 |
| Other Services (text summary) | |
| Annual Interest & Method | 21.0%-25.0% annual, Flat |
| Fees | 0.00%-2.50%, 600.00 min ongoing |
| Insurance | None |
| Tax | 16.00% fees |
| Comp Dep | N/A |
| Range of pricing | |
| Interest Price Component | 26.5% - 47.8% |
| Fee Component | 0.5% - 10.4% |
| Insurance Component | 0 |
| Tax Component Range | 0.1% - 1.8% |
| Full APR (int fee ins tax dep) | 41.0% - 49.0% |
| Transparency Index (min/max) | 0 - N/A |
| Transparency Index (average) | N/A |
| 4,771 |
| USD 400 - 4,000 |
| 3 - 18 |
| Business Training, Other Training |
| 28.8%-34.8% annual, Decl Bal |
| 2.00%-3.00% upfront |
| 1.00% upfront |
| None |
| N/A |
| 28.3% - 30.8% |
| 2.7% - 3.9% |
| 1.4% - 2.0% |
| 0 |
| 34.9% - 36.7% |
| 78 - 89 |
| 80 |
| Outstanding portfolio (PKR) | PKR 529,732,577 |
| Portfolio (USD) | USD 5,405,434.46 |
| Active Clients with Loans | 31,428 |
| Approximate % Female Clients | 0% - 20% |
| Approximate % Urban Clients | 60% - 80% |
| 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 | 4 |
| # Regions for this product | N/A |
| Regions Active |
| Outstanding portfolio (USD) | USD 4,967,337 |
| Portfolio (USD) | USD 4,967,337 |
| Active Clients with Loans | 4,771 |
| 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 | x |
| Other training | x |
| 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 | |
| Other | |
| Other (2) |
| # Regions for this institution | 2 |
| # Regions for this product | 2 |
| Regions Active | Ganja-Qazakh, Shaki-Zaqatala |
| Currency | PKR |
| Minimum loan size | PKR 10,000 |
| Maximum loan size | 125,000 |
| Loans less than PKR 10,000 | 0 |
| PKR 10,000-25,000 | 20% |
| PKR 25,000-50,000 | 60% |
| PKR 50,000-75,000 | 15% |
| PKR 75,000-150,000 | 5% |
| Greater than PKR 150,000 | 5% |
| Shortest loan term | 6.0 months |
| Longest loan term | 18.0 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 | |
| Irregular payments |
| Currency | USD |
| Minimum loan size | USD 400 |
| Maximum loan size | 4,000 |
| Loans less than USD 1,500 | 60% |
| USD 1,500-5,000 | 40% |
| USD 5,000-10,000 | 0 |
| USD 10,000-15,000 | 0 |
| USD 15,000-18,000 | 0 |
| Greater than USD 18,000 | 0 |
| Shortest loan term | 3.0 months |
| Longest loan term | 18.0 months |
| Approx average | 11.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 10% |
| Between 7 and 9 months | 20% |
| Between 10 and 12 months | 50% |
| Between 13 and 18 months | 20% |
| Longer than 18 months | 0 |
| Grace period usage | 100% |
| Average grace period | 4.0 months |
| 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 | 21.00% |
| Highest quoted nominal interest | 25.00% |
| Reason(s) why interest rate varies | Loan Size |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Processing Fee |
| % of loan amount - min | 0 |
| % of loan amount - max | 2.50% |
| OR, Fixed amount - min | 600 |
| Fixed amount - max | 0 |
| Reason for variation | % of Loan or Fixed amount, whichever is higher |
| 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 | 2.40% |
| Highest quoted nominal interest | 2.90% |
| Reason(s) why interest rate varies | Branch, Time as Client, Loan Size, Loan Purpose |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Commission Fee |
| % of loan amount - min | 2.00% |
| % of loan amount - max | 3.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | Yes |
| Ins 1 | |
|---|---|
| Description | Insurance Fee |
| % 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? | 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? | No |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | PKR 9,304 | PKR 24,275 | PKR 48,550 | PKR 101,955 | |||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
| Disbursement Date | 2013-01-15 | 2013-05-05 | 2013-05-01 | 2013-06-10 | |||
| Loan Term (Months) | 12.0 months | 12.0 months | 12.0 months | 24.0 months | |||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||
| Total Cost of Credit | PKR 2,696.04 | PKR 5,857.04 | PKR 12,205.96 | PKR 53,445 | |||
| True Price by Comp | |||||||
| Interest price component | 37.2% | 36.3% | 37.9% | 41.3% | |||
| Fee Component | 10.2% | 4.1% | 4.1% | 1.8% | |||
| Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Tax Component | 1.6% | 0.6% | 0.6% | 0.3% | |||
| Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Full APR (int fee ins tax dep) | 49.0% | 41.0% | 42.6% | 43.4% | |||
| Transparency Index | N/A | N/A | N/A | N/A | |||
| Original Repayment Schedule | |||||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | ||
|---|---|---|---|
| Loan Amount | USD 1,000 | USD 3,300 | |
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | |
| Disbursement Date | 2014-06-25 | 2014-06-13 | |
| Loan Term (Months) | 12.0 months | 18.0 months | |
| Grace Period (Months) | 0.0 months | 0.0 months | |
| Total Cost of Credit | USD 206.95 | USD 973.16 | |
| True Price by Comp | |||
| Interest price component | 30.8% | 30.7% | |
| Fee Component | 3.9% | 2.8% | |
| Insurance Component | 2.0% | 1.4% | |
| Tax Component | 0.0% | 0.0% | |
| Deposit Component | 0.0% | 0.0% | |
| Full APR (int fee ins tax dep) | 36.7% | 34.9% | |
| Transparency Index | 78 | 83 | |
| 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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