TuranBank ASC - Mikro kreditler - MFTransparency.org Truth In Lending Tables

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Institution

TuranBank ASC IsmayÄlbey QutkaÅÄnlÄ kàçsi 85Baku, Baku1000

Data approved: 2010-05-24

Data version: 1

Age of data: 177 months

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Product

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Product Details

Key Statistics

Outstanding portfolio (AZN)	AZN 25,000
Portfolio (USD)	USD 32,051.28
Active Clients with Loans	477
Approximate % Female Clients	20% - 40%
Approximate % Urban Clients	60% - 80%

Methodology

Individual	x
Solidarity group
Village banking
Self help group
Other

Description

YalnÄz sahibkarlÄq v kicik biznes àçàn verilir. Æsas vsaitlrin artÄrÄlmasÄ, dàvriyy vsaitlrinin artÄrÄlmasÄ.

Loan Purpose

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

Included Services

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

Eligibility

Men	x
Women	x
Must run a business	x
Must own a home or land
Must be a salaried worker	x
Must be specific age group
Other
Other (2)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	3
# Regions for this product	3
Regions Active	Absheron, Ganja-Qazakh, Shaki-Zaqatala

Loan Conditions

Loan Amount

Currency	AZN
Minimum loan size	AZN 50
Maximum loan size	10,000

Loan Term and Grace Period

Shortest loan term	3.0 months
Longest loan term	18.0 months
Approx average	12.0 months

Grace Period

Grace period usage	0
Average grace period	DK

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	29.00%
Highest quoted nominal interest	32.00%
Reason(s) why interest rate varies	Time as Client, Client Risk
Interest rate period	Yearly
Interest Rate Calculation Method	Flat
Subsidized by funder request?
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1
Description	BorcalanÄn heyat sigortasi
% of loan amount - min	0
% of loan amount - max	0
OR, Fixed amount - min	5
Fixed amount - max	585
Reason for variation
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

Mikro kreditler samples

	Sample 1	Sample 2	Sample 3	Sample 4	Sample 5	Sample 6
Loan Amount	AZN 800	AZN 850	AZN 1,400	AZN 3,000	AZN 6,400	AZN 6,650
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known	Not Known	Not Known	Not Known
Disbursement Date	2009-11-06	2009-11-02	2010-04-21	2009-10-30	2010-03-29	2009-11-24
Loan Term (Months)	18.0 months	12.0 months	12.0 months	12.0 months	24.0 months	24.0 months
Grace Period (Months)	0.0 months	0.0 months	0.0 months	0.0 months	0.0 months	0.0 months
Total Cost of Credit	Not Known	Not Known	Not Known	Not Known	Not Known	Not Known
True Price by Comp
Interest and Fee Component	37.5%	38.2%	37.9%	34.0%	28.0%	28.1%
Insurance Component	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Tax Component	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Deposit Component	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Full APR (int fee ins tax dep)	37.5%	38.2%	37.9%	34.0%	28.0%	28.1%
Transparency Index	77	76	76	85	100	100

Original Repayment Schedule	PDF	PDF	PDF	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF	PDF	PDF	PDF

Mikro kreditler 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

	X Axis
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N (# of Samples)
Total Borrrowers of Samples


Avg
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By Country

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