TuranBank ASC - Orta hecimli istehlak - 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 55,000
Portfolio (USD)	USD 70,512.82
Active Clients with Loans	311
Approximate % Female Clients	0% - 20%
Approximate % Urban Clients	40% - 60%

Methodology

Individual	x
Solidarity group
Village banking
Self help group
Other

Description

IstehlakçÄlarÄn 35 000 manatadk yaranmÄÅ tlbatlarÄn àdnilmsi àçàn yaranmÄÅ kredit mhsulu

Loan Purpose

Any purpose	x
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
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 1,500
Maximum loan size	35,000

Loan Term and Grace Period

Shortest loan term	12.0 months
Longest loan term	30.0 months
Approx average	24.0 months

Grace Period

Grace period usage	30%
Average grace period	24.0 months

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	25.00%
Highest quoted nominal interest	28.00%
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	Commission 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
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

Orta hecimli istehlak samples

	Sample 1	Sample 2	Sample 3	Sample 4	Sample 5
Loan Amount	AZN 1,500	AZN 3,000	AZN 6,500	AZN 9,000	AZN 12,500
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known	Not Known	Not Known
Disbursement Date	2009-10-07	2009-10-20	2009-07-23	2009-07-24	2010-04-12
Loan Term (Months)	12.0 months	18.0 months	18.0 months	60.0 months	30.0 months
Grace Period (Months)	0.0 months	0.0 months	0.0 months	0.0 months	3.0 months
Total Cost of Credit	Not Known	Not Known	Not Known	Not Known	Not Known
True Price by Comp
Interest and Fee Component	40.0%	37.4%	31.3%	16.4%	28.8%
Insurance Component	0.0%	0.0%	0.0%	0.0%	0.0%
Tax Component	0.0%	0.0%	0.0%	0.0%	0.0%
Deposit Component	0.0%	0.0%	0.0%	0.0%	0.0%
Full APR (int fee ins tax dep)	40.0%	37.4%	31.3%	16.4%	28.8%
Transparency Index	62	67	80	100	87

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

Orta hecimli istehlak 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


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By Country

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