| Number borrowers | 11,415 |
| Loan Amount (range) | AZN 300 - 6,000 |
| Loan Term (range) | 3 - 18 |
| Other Services (text summary) | Business Training, Other Training |
| Annual Interest & Method | 28.8%-34.8% annual, Decl Bal |
| Fees | 2.00%-3.00% upfront |
| Insurance | 1.00% upfront |
| Tax | None |
| Comp Dep | N/A |
| Range of pricing | |
| Interest Price Component | 28.3% - 30.8% |
| Fee Component | 2.7% - 3.9% |
| Insurance Component | 1.4% - 2.0% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 35.3% - 36.4% |
| Transparency Index (min/max) | 78 - 89 |
| Transparency Index (average) | 80 |
| 2,074 |
| PKR 10,000 - 40,000 |
| 12 - 24 |
| 35.5%-38.0% annual, Decl Bal |
| 3.00% upfront |
| None |
| None |
| N/A |
| 33.9% - 35.4% |
| 3.6% - 6.3% |
| 0 |
| 0 |
| 38.6% - 41.3% |
| 86 - 92 |
| 87 |
| Outstanding portfolio (AZN) | AZN 8,650,283 |
| Portfolio (USD) | USD 11,090,106.41 |
| Active Clients with Loans | 11,415 |
| Approximate % Female Clients | 20% - 40% |
| Approximate % Urban Clients | 40% - 60% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | x |
| 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 |
| Outstanding portfolio (PKR) | PKR 47,848,616 |
| Portfolio (USD) | USD 469,873.41 |
| Active Clients with Loans | 2,074 |
| Approximate % Female Clients | 20% - 40% |
| Approximate % Urban Clients | 40% - 60% |
| Individual | |
| 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 | 5 |
| # Regions for this product | 5 |
| Regions Active | Balochistan, Islambad Capital Territory, Khyber Pakhtunkwa, Punjab, Sindh |
| Currency | AZN |
| Minimum loan size | AZN 300 |
| Maximum loan size | 6,000 |
| Loans less than AZN 1,000 | 50% |
| AZN 1,000-5,000 | 30% |
| AZN 5,000-8,000 | 20% |
| AZN 8,000-11,000 | 0 |
| AZN 11,000-14,000 | 0 |
| Greater than AZN 14,000 | 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 | 15% |
| Between 7 and 9 months | 15% |
| 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 |
| Currency | PKR |
| Minimum loan size | PKR 10,000 |
| Maximum loan size | 40,000 |
| Loans less than PKR 10,000 | 0 |
| PKR 10,000-25,000 | 40% |
| PKR 25,000-50,000 | 60% |
| PKR 50,000-75,000 | 0 |
| PKR 75,000-150,000 | 0 |
| Greater than PKR 150,000 | 0 |
| Shortest loan term | 12.0 months |
| Longest loan term | 24.0 months |
| Approx average | DK |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 90% |
| Between 13 and 18 months | 5% |
| Longer than 18 months | 5% |
| 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 |
| 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 |
| Lowest quoted nominal interest | 35.50% |
| Highest quoted nominal interest | 38.00% |
| Reason(s) why interest rate varies | Time as Client |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Loan Processing Fees |
| % of loan amount - min | 3.00% |
| % of loan amount - max | 3.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | Processing fees also includes Life Insurance facility for the customers. |
| 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 | ||
|---|---|---|---|
| Loan Amount | AZN 500 | AZN 2,300 | |
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | |
| Disbursement Date | 2014-05-06 | 2014-05-08 | |
| Loan Term (Months) | 12.0 months | 16.0 months | |
| Grace Period (Months) | 0.0 months | 0.1 months | |
| Total Cost of Credit | AZN 103.35 | AZN 609.84 | |
| True Price by Comp | |||
| Interest price component | 30.5% | 30.7% | |
| Fee Component | 3.9% | 3.0% | |
| Insurance Component | 2.0% | 1.6% | |
| Tax Component | 0.0% | 0.0% | |
| Deposit Component | 0.0% | 0.0% | |
| Full APR (int fee ins tax dep) | 36.4% | 35.3% | |
| Transparency Index | 79 | 82 | |
| 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) |
True Price by Component |
Transparency Index |
Original Repayment Schedule |
MFT Pricing Calculation |
||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Interest price component |
Fee Component |
Insurance Component |
Tax Component |
Deposit Component |
||||||||||
| PKR 10,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 2,229 | 41.3% | 35.0% | 6.3% | 0.0% | 0.0% | 0.0% | 86 | - | |
| PKR 15,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 3,343.49 | 41.3% | 35.0% | 6.3% | 0.0% | 0.0% | 0.0% | 86 | - | |
| PKR 20,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 4,457.99 | 41.3% | 35.0% | 6.3% | 0.0% | 0.0% | 0.0% | 86 | - | |
| PKR 26,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 5,795.39 | 41.3% | 35.0% | 6.3% | 0.0% | 0.0% | 0.0% | 86 | - | |
| PKR 30,000 | Generated | 2015-06-01 | 18.0 months | N/A | PKR 9,356.78 | 39.5% | 35.0% | 4.5% | 0.0% | 0.0% | 0.0% | 90 | - | |
| PKR 35,000 | Generated | 2015-06-01 | 24.0 months | N/A | PKR 14,025.33 | 38.6% | 35.0% | 3.6% | 0.0% | 0.0% | 0.0% | 92 | - | |
| PKR 38,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 8,470.18 | 41.3% | 35.0% | 6.3% | 0.0% | 0.0% | 0.0% | 86 | - | |
| PKR 40,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 8,915.98 | 41.3% | 35.0% | 6.3% | 0.0% | 0.0% | 0.0% | 86 | - | |
| 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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