Number borrowers | 34,541 |
Loan Amount (range) | USD 2,000 - 20,000 |
Loan Term (range) | 1 - 48 |
Other Services (text summary) | Credit Ins |
Annual Interest & Method | 22.6%-26.5% annual, Decl Bal |
Fees | None |
Insurance | 0.68%-1.18% ongoing |
Tax | None |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | |
Fee Component | |
Insurance Component | |
Tax Component Range | |
Full APR (int fee ins tax dep) | 0 |
Transparency Index (min/max) | |
Transparency Index (average) | N/A |
27,921 |
AZN 100 - 16,000 |
1 - 36 |
27.0%-36.0% annual, Decl Bal |
5.00-160.00 upfront |
None |
None |
10.0% upfront |
N/A |
35.2% - 37.2% (Int+Fee) |
0 |
0 |
40.5% - 44.3% |
61 - 81 |
63 |
Outstanding portfolio (USD) | USD 167,541,293 |
Portfolio (USD) | USD 167,541,293 |
Active Clients with Loans | 34,541 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 80% - 100% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | x |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
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 | x |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | 12 |
# Regions for this product | 11 |
Regions Active | Azuay, Cañar, Chimborazo, Cotopaxi, El Oro, Guayas, Loja, Manabí, PichinchaSanto Domingo de los Tsáchilas, Tungurahua |
Outstanding portfolio (AZN) | AZN 37,806,910 |
Portfolio (USD) | USD 48,470,397.44 |
Active Clients with Loans | 27,921 |
Approximate % Female Clients | 0% - 20% |
Approximate % Urban Clients | 0% - 20% |
Individual | x |
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 | Borrowers receiving income from agricultural business |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Currency | USD |
Minimum loan size | USD 2,000 |
Maximum loan size | 20,000 |
Loans less than USD 1,500 | 0 |
USD 1,500-5,000 | 60% |
USD 5,000-10,000 | 20% |
USD 10,000-15,000 | 10% |
USD 15,000-18,000 | 5% |
Greater than USD 18,000 | 5% |
Shortest loan term | 1.0 month |
Longest loan term | 48.0 months |
Approx average | 28.9 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 5% |
Between 10 and 12 months | 5% |
Between 13 and 18 months | 20% |
Longer than 18 months | 70% |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | x |
Every 6 months | |
Every 12 months | |
Single end payment | x |
Irregular payments | x |
Currency | AZN |
Minimum loan size | AZN 100 |
Maximum loan size | 16,000 |
Shortest loan term | 1.0 month |
Longest loan term | 36.0 months |
Approx average | 14.0 months |
Grace period usage | 30% |
Average grace period | 3.0 months |
Daily | |
Weekly | |
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 | 22.60% |
Highest quoted nominal interest | 26.54% |
Reason(s) why interest rate varies | Loan Size, la tasa es reajustable solo para montos mayores a USD 10,000, para montos menores la tasa es fija. |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Ins 1 | |
---|---|
Description | Seguro de desgravamens para deudor y codeudor |
% of loan amount - min | 0.68% |
% of loan amount - max | 1.18% |
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 | 2.25% |
Highest quoted nominal interest | 3.00% |
Reason(s) why interest rate varies | Time as Client, Loan Size, Client Risk, Collateral, credit history |
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 | Disbursement fee |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 5 |
Fixed amount - max | 160 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | |
Do borrowers control deposit in their group? |
% loan amount deposited | 10.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | End Term |
Minimum interest rate paid | 10.00% |
Maximum interest rate paid | 10.00% |
Interest payment frequency | End Term |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | AZN 300 | AZN 800 | AZN 1,500 | AZN 3,000 | AZN 6,000 | AZN 10,000 | |||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
Disbursement Date | 2011-08-10 | 2011-08-10 | 2011-08-10 | 2011-08-10 | 2011-08-10 | 2011-08-10 | |||||
Loan Term (Months) | 12.0 months | 12.0 months | 12.0 months | 12.0 months | 12.0 months | 12.0 months | |||||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||||
Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
True Price by Comp | |||||||||||
Interest and Fee Component | 36.2% | 36.2% | 37.2% | 36.2% | 35.2% | 35.2% | |||||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Deposit Component | 8.1% | 8.1% | 5.8% | 8.1% | 5.3% | 5.3% | |||||
Full APR (int fee ins tax dep) | 44.3% | 44.3% | 43.0% | 44.3% | 40.5% | 40.5% | |||||
Transparency Index | 61 | 61 | 63 | 61 | 67 | 67 | |||||
Original Repayment Schedule | |||||||||||
MFT Pricing Calculation |
Key Statistics | |
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# 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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