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Institution
Data approved: 1900-01-00
Data version: 1
Age of data: 119 months
Key Statistics
| Outstanding portfolio (USD) | USD 758,087 |
| Portfolio (USD) | USD 758,087 |
| Active Clients with Loans | 187 |
| Approximate % Female Clients | 20% - 40% |
| Approximate % Urban Clients | 40% - 60% |
Methodology
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other | |
Description
Loan product for small entrepreneurs who are engaged into the small 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 | USD |
| Minimum loan size | USD 4,000 |
| Maximum loan size | 10,000 |
Distribution at Disbursement (Est.)
| Loans less than USD 1,500 | 0 |
| USD 1,500-5,000 | 80% |
| USD 5,000-10,000 | 20% |
| USD 10,000-15,000 | 0 |
| USD 15,000-18,000 | 0 |
| Greater than USD 18,000 | 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 | 5% |
| Between 7 and 9 months | 15% |
| Between 10 and 12 months | 60% |
| 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 Small Enterprise Loan soft (USD) with interest rate 2.4% for clients who are in the 10th cycle and for the clients who have finished 2 business courses training of the FINLED (Financila Literacy and Education) program provided by Viator HRDP Department. For those clients who avail loan less than 2,000 USD Viator shoulders the Credit Bureau Fee of 1 AZN.
Full Pricing Data
Small Enterprise Loan USD samples
| Sample 1 |
|---|
| Loan Amount | USD 4,000 |
| Loan Cycle (1, 2, 3, etc) | Not Known |
| Disbursement Date | 2014-06-09 |
| Loan Term (Months) | 18.0 months |
| Grace Period (Months) | 0 |
| Total Cost of Credit | USD 1,143.57 |
| True Price by Comp | |
| Interest price component | 29.9% |
| Fee Component | 2.7% |
| Insurance Component | 1.4% |
| Tax Component | 0 |
| Deposit Component | 0 |
| Full APR (int fee ins tax dep) | 34.0% |
| Transparency Index | 85 |
| | |
| Original Repayment Schedule | PDF |
| MFT Pricing Calculation | PDF |
Small Enterprise Loan USD Price Graphs
