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Institution
Data approved: 1900-01-00
Data version: 1
Age of data: 119 months
Key Statistics
| Outstanding portfolio (AZN) | AZN 1,566,795 |
| Portfolio (USD) | USD 2,008,711.54 |
| Active Clients with Loans | 2,163 |
| Approximate % Female Clients | 20% - 40% |
| Approximate % Urban Clients | 40% - 60% |
Methodology
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other | |
Description
This loan product is for micro-entrepreneurs who are engaged into micro-business regardless of classification either trade, service or manufacturing.
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 | x |
| Other training | x |
| 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 | |
| Must be specific age group | |
| Other | |
| Other (2) | |
Portfolio Size by Product
Geographic Coverage
| # Regions for this institution | 2 |
| # Regions for this product | 2 |
| Regions Active | Ganja-Qazakh, Shaki-Zaqatala |
Loan Conditions
Loan Amount
| Currency | AZN |
| Minimum loan size | AZN 300 |
| Maximum loan size | 3,000 |
Distribution at Disbursement (Est.)
| Loans less than AZN 1,000 | 60% |
| AZN 1,000-5,000 | 40% |
| AZN 5,000-8,000 | 0 |
| AZN 8,000-11,000 | 0 |
| AZN 11,000-14,000 | 0 |
| Greater than AZN 14,000 | 0 |
Loan Term and Grace Period
| Shortest loan term | 3.0 months |
| Longest loan term | 18.0 months |
| Approx average | 11.0 months |
Distribution at Disbursement (Est.)
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 10% |
| Between 7 and 9 months | 20% |
| Between 10 and 12 months | 50% |
| Between 13 and 18 months | 20% |
| Longer than 18 months | 0 |
Grace Period
| Grace period usage | 100% |
| Average grace period | 4.0 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 | 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 |
Upfront Fees
| 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 |
Ongoing Fees
This product has no ongoing feesUpfront Insurance Fees
| 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 |
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 |
Additional Comments
Viator provides Micro-Business Loan soft (AZN) with interest rate 2.4% for clients who are already in the 10th cycle and for clients who have finished 2 business courses training of the FINLED (Financial Literacy and Education) program provided by Viator HRDP Department. For those clients who avail loan less than 2,000 AZN Viator shoulders the Credit BUreau Fee of 1 AZN.
Full Pricing Data
Micro-Business Loan samples
| Sample 1 | | Sample 2 |
|---|
| Loan Amount | AZN 600 | | AZN 2,000 |
| Loan Cycle (1, 2, 3, etc) | Not Known | | Not Known |
| Disbursement Date | 2014-06-12 | | 2014-05-13 |
| Loan Term (Months) | 12.0 months | | 12.0 months |
| Grace Period (Months) | 0.1 months | | 0.0 months |
| Total Cost of Credit | AZN 124.16 | | AZN 413.88 |
| True Price by Comp | | | |
| Interest price component | 30.7% | | 30.6% |
| Fee Component | 3.9% | | 3.9% |
| Insurance Component | 2.0% | | 2.0% |
| Tax Component | 0.0% | | 0.0% |
| Deposit Component | 0.0% | | 0.0% |
| Full APR (int fee ins tax dep) | 36.6% | | 36.5% |
| Transparency Index | 79 | | 79 |
| | | | |
| Original Repayment Schedule | PDF | | PDF |
| MFT Pricing Calculation | PDF | | PDF |
Micro-Business Loan Price Graphs
