| Outstanding portfolio (COP) | COP 6,904,000,000 |
| Portfolio (USD) | USD 3,793,406.59 |
| Active Clients with Loans | 275 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 40% - 60% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | |
| Mortgage/housing | x |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | Para compra o construcción de Vivienda. |
| Other (2) | Activo Fijo |
| Credit education | |
| Group meetings | |
| Credit insurance | x |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services |
| Men | x |
| Women | x |
| Must run a business | |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Currency | COP |
| Minimum loan size | COP 35,000,000 |
| Maximum loan size | 84,975,000 |
| Shortest loan term | 60.0 months |
| Longest loan term | 120.0 months |
| Approx average | 0 |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | x |
| Every 2 weeks | x |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 15.02% |
| Highest quoted nominal interest | 15.02% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | Yes |
| Ins 1 | |
|---|---|
| Description | Seguro contra incendio y terremoto |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 350 |
| Fixed amount - max | 29,741 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | Yes |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | |
| Do borrowers control deposit in their group? |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | COP 515,000 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | When Leaving |
| Minimum interest rate paid | 1.00% |
| Maximum interest rate paid | 1.00% |
| Interest payment frequency | Monthly |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | COP 40,400,000 | COP 42,420,000 | COP 42,420,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2011-03-08 | 2011-04-23 | 2011-04-23 | ||
| Loan Term (Months) | 120.0 months | 120.0 months | 120.0 months | ||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
| Total Cost of Credit | Not Known | Not Known | Not Known | ||
| True Price by Comp | |||||
| Interest and Fee Component | 14.0% | 14.0% | 14.0% | ||
| Insurance Component | 0.6% | 0.6% | 0.6% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 0.3% | 0.2% | 0.2% | ||
| Full APR (int fee ins tax dep) | 14.9% | 14.9% | 14.9% | ||
| Transparency Index | 100 | 100 | 100 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Institution Type | Bank |
| Is this institution regulated? | Yes |
| Website address | http://www.parabank.az/ |
| Year established | 1991 |
| Head of Institution | Vali Guliyev |
| Regions active | Absheron, Ganja-Qazakh, Shaki-Zaqatala, Lankaran-Astara, Quba-Khachmaz, Orta Kur, Daglig-ShirvanKur |
| # Branches | 16 |
| Total Portfolio (nat'l) | AZN 64,721,000 |
| Total Portfolio (USD) | USD 82,975,641.03 |
| Active clients with loans | 7,573 |
| Approximate % female clients | 40% - 60% |
| Approximate % urban clients | 0% - 20% |
| Network affiliations | |
| Funders |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Consumer Loans | AZN 1,000 - 20,000 | 3 - 24 | 20% - 40% | 0% - 20% | Any Purpose | Women, Men, Have home or land, Salaried worker | Credit Educ, Credit Ins | |||||||
| Group Loans | AZN 500 - 2,000 | 3 - 18 | 20% - 40% | 0% - 20% | Business | Women, Men | Credit Educ, Group Mtgs, Credit Ins | |||||||
| Micro Loans | AZN 1,000 - 20,000 | 6 - 18 | 20% - 40% | 40% - 60% | Business | Women, Men, Have business | Credit Educ, Group Mtgs, Credit Ins |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Consumer Loans | 24.0%-36.0% annual, Decl Bal | 1 Fee | 0 Ins | None | N/A | 27.8% - 38.1% | 27.8% - 38.1% | 77 | ||||||||
| Group Loans | 24.0%-36.0% annual, Decl Bal | 1 Fee | 0 Ins | None | N/A | 24.3% - 37.7% | 24.3% - 37.7% | 81 | ||||||||
| Micro Loans | 24.0%-36.0% annual, Decl Bal | 1 Fee | 0 Ins | None | N/A | 33.9% - 43% | 33.9% - 43% | 63 |
| Key Statistics | |
|---|---|
| # Samples: | |
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| # 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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