2. WMBL
Please note that the information you are viewing is 108 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. AMRET
Please note that the information you are viewing is 133 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

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: 108 months

Institution

Amret Microfinance Institution # 35BA, St.169, Sangkat Veal VongKhan 7 MakaraPhnom Penh, Cambodia855
Data approved: 2013-05-21
Data version: 3
Age of data: 133 months
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Product

Waseela Fori Cash Loan Product 1 of 3 « Prev | Next »

Product

Home Improvement Loan (USD) Product 7 of 8 « Prev | Next »

Product Summary

Number borrowers4,713
Loan Amount (range)PKR 25,000 - 150,000
Loan Term (range)3 - 12
Other Services (text summary)
Annual Interest & Method27.0%-30.0% annual, Flat
Fees1,000.00 upfront
InsuranceNone
Tax16.00% fees
Comp DepN/A
Range of pricing 
Interest Price Component25.4% - 27.1%
Fee Component1.0% - 8.3%
Insurance Component0
Tax Component Range0.2% - 1.3%
Full APR (int fee ins tax dep)28.2% - 36.6%
Transparency Index (min/max)74 - 100
Transparency Index (average)90

Product Summary

6,640
USD 100 - 10,000
3 - 36
21.6%-37.2% annual, Decl Bal
None
None
None
N/A
 
14.3% - 38.4%
0
0
0
21.5% - 31.9%
58 - 112
83

Product Details

Key Statistics
Outstanding portfolio (PKR)PKR 309,986,036
Portfolio (USD)USD 3,044,062.87
Active Clients with Loans4,713
Approximate % Female Clients0% - 20%
Approximate % Urban Clients20% - 40%
Methodology
Individualx
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 generationx
Mortgage/housing
Consumer loan
Agriculturex
Education
Other household finance
OtherLivestock
Other (2)Trading & Manufacturing
Included Services
Credit education
Group meetings
Credit insurance
Workplace visits
Business training
Other training
Other
Other (2)
No other servicesx
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 institution4
# Regions for this product4
Regions ActiveIslambad Capital Territory, Khyber Pakhtunkwa, Punjab, Sindh

Product Details

Key Statistics
Outstanding portfolio (USD)USD 10,293,531
Portfolio (USD)USD 10,293,531
Active Clients with Loans6,640
Approximate % Female Clients60% - 80%
Approximate % Urban Clients20% - 40%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
A home improvement loan provides individuals with the necessary funds to carry out renovations or extensions to their existing house (eg. fence, roof, kitchen, WC, living room, etc.).
Loan Purpose
Any purpose
Income generation
Mortgage/housingx
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurance
Workplace visits
Business training
Other training
Other
Other (2)
No other servicesx
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or landx
Must be a salaried workerx
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution18
# Regions for this product18
Regions ActiveBanteay Meanchey, Battambang, Kampong Cham, Kampong Chhnang, Kampong Speu, Kampong Thom, Kampot, Kandal, Koh Kong, KepKratié, Phnom Penh, Sihanoukville, Pursat, Prey VengSiem Reap, Svay Rieng, Takéo

Loan Conditions

Loan Amount
CurrencyPKR
Minimum loan sizePKR 25,000
Maximum loan size150,000
Distribution at Disbursement (Est.)
Loans less than PKR 10,0000
PKR 10,000-25,0000
PKR 25,000-50,00020%
PKR 50,000-75,00050%
PKR 75,000-150,00030%
Greater than PKR 150,00030%
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term12.0 months
Approx averageDK
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months10%
Between 7 and 9 months50%
Between 10 and 12 months40%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end paymentx
Irregular payments

Loan Conditions

Loan Amount
CurrencyUSD
Minimum loan sizeUSD 100
Maximum loan size10,000
Distribution at Disbursement (Est.)
Loans less than USD 2505%
USD 250-1,0005%
USD 1,000-1,50015%
USD 1,500-2,00010%
USD 2,000-2,50015%
Greater than USD 2,50015%
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term36.0 months
Approx average20.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less5%
Between 4 and 6 months5%
Between 7 and 9 months15%
Between 10 and 12 months15%
Between 13 and 18 months30%
Longer than 18 months30%
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
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 interest27.00%
Highest quoted nominal interest30.00%
Reason(s) why interest rate variesTime as Client
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionLoan Processing Fee
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min1,000
Fixed amount - max1,000
Reason for variationN/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 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?Yes
Percentage of fees16%
All or some fees taxedAll

Pricing Information

Interest
Lowest quoted nominal interest1.80%
Highest quoted nominal interest3.10%
Reason(s) why interest rate variesBranch, Time as Client, Loan Size
Interest rate periodMonthly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
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

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
Interest price component
Fee Component
Insurance Component
Tax Component
Deposit Component
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

Full Pricing Data

Home Improvement Loan (USD) samples
Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountUSD 3,000USD 600USD 1,200USD 1,800USD 2,500
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2013-06-172013-03-262013-04-082012-08-292013-02-21
Loan Term (Months)24.0 months19.0 months25.0 months25.0 months24.0 months
Grace Period (Months)0.0 months0.9 months0.3 months0.4 months-0.1 months
Total Cost of CreditUSD 676.34USD 165.74USD 398.27USD 491.82USD 587.98
True Price by Comp         
Interest price component21.5%31.9%30.8%25.3%22.6%
Fee Component0.0%0.0%0.0%0.0%0.0%
Insurance Component0.0%0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)21.5%31.9%30.8%25.3%22.6%
Transparency Index10068708596
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF
Waseela Fori Cash Loan Price Graphs


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Home Improvement Loan (USD) Price Graphs


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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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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X Axis
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