FINCA - SME Loan (USD) - MFTransparency.org Truth In Lending Tables

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Institution

FINCA J. Jabbarli str. 44Baku, AzerbaijanAZ 1065

Data approved: 2014-10-10

Data version: 3

Age of data: 121 months

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Product

SME Loan (USD) Product 4 of 12 « Prev | Next »

Product Details

Key Statistics

Outstanding portfolio (USD)	USD 3,922,617.95
Portfolio (USD)	USD 3,922,617.95
Active Clients with Loans	111
Approximate % Female Clients	0% - 20%
Approximate % Urban Clients	60% - 80%

Methodology

Individual	x
Solidarity group
Village banking
Self help group
Other

Description

Available to entrepreneurs engaged in trade, manufacturing or service industries.

Loan Purpose

Any purpose
Income generation	x
Mortgage/housing
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 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	8
# Regions for this product	8
Regions Active	Absheron, Ganja-Qazakh, Shaki-Zaqatala, Lankaran-Astara, Quba-Khachmaz, Orta Kur, Daglig-Shirvan, Nakhichevan

Loan Conditions

Loan Amount

Currency	USD
Minimum loan size	USD 5,000
Maximum loan size	100,000

Loan Term and Grace Period

Shortest loan term	3.0 months
Longest loan term	60.0 months
Approx average	30.0 months

Distribution at Disbursement (Est.)

Loans 3 months or less	0
Between 4 and 6 months	0
Between 7 and 9 months	0
Between 10 and 12 months	5%
Between 13 and 18 months	5%
Longer than 18 months	90%

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

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

Pricing Information

Interest

Lowest quoted nominal interest	20.00%
Highest quoted nominal interest	23.00%
Reason(s) why interest rate varies	Loan Size
Interest rate period	Yearly
Interest Rate Calculation Method	Decl Bal
Subsidized by funder request?	No
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1
Description	Commission Fee
% of loan amount - min	1.00%
% of loan amount - max	2.00%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	2% upto the Loan amount $25,000 and 1% for the loan amount more than $25,000
Appears on Repayment Sched?	No

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?	No

Are taxes charged on this product?

Full Pricing Data

SME Loan (USD) 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
USD 20,000	Generated	2014-11-01	12.0 months	N/A	USD 2,854.01	25.7%	21.8%	3.9%	0.0%	0.0%	0.0%	78	-	PDF
USD 38,000	Generated	2014-11-01	12.0 months	N/A	USD 5,422.62	25.7%	21.8%	3.9%	0.0%	0.0%	0.0%	78	-	PDF
USD 52,000	Generated	2014-11-01	18.0 months	N/A	USD 10,995.29	25.5%	22.8%	2.7%	0.0%	0.0%	0.0%	78	-	PDF
USD 69,000	Generated	2014-11-01	24.0 months	N/A	USD 19,085.38	24.9%	22.8%	2.1%	0.0%	0.0%	0.0%	80	-	PDF

SME 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

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