| Number borrowers | 595 |
| Loan Amount (range) | USD 200 - 20,000 |
| Loan Term (range) | 2 - 30 |
| Other Services (text summary) | Credit Educ |
| Annual Interest & Method | 15.2%-18.0% annual, Decl Bal |
| Fees | None |
| Insurance | None |
| Tax | None |
| Comp Dep | 10.0% upfront |
| Range of pricing | |
| Interest Price Component | N/A |
| Fee Component | 13.3% - 15.4% (Int+Fee) |
| Insurance Component | 0 |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 15.7% - 18.3% |
| Transparency Index (min/max) | 66 - 99 |
| Transparency Index (average) | 87 |
| 477 |
| AZN 50 - 10,000 |
| 3 - 18 |
| Credit Ins |
| 29.0%-32.0% annual, Flat |
| 5.00-585.00 upfront |
| None |
| None |
| N/A |
| N/A |
| 28.0% - 38.2% (Int+Fee) |
| 0 |
| 0 |
| 28.0% - 38.2% |
| 62 - 152 |
| 86 |
| Outstanding portfolio (USD) | USD 1,816,861 |
| Portfolio (USD) | USD 1,816,861 |
| Active Clients with Loans | 595 |
| Approximate % Female Clients | 20% - 40% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | x |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | x |
| Consumer loan | x |
| Agriculture | |
| Education | x |
| Other household finance | x |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | |
| Credit insurance | |
| 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 |
| Outstanding portfolio (AZN) | AZN 25,000 |
| Portfolio (USD) | USD 32,051.28 |
| Active Clients with Loans | 477 |
| Approximate % Female Clients | 20% - 40% |
| Approximate % Urban Clients | 60% - 80% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | x |
| 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 | x |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | 3 |
| # Regions for this product | 3 |
| Regions Active | Absheron, Ganja-Qazakh, Shaki-Zaqatala |
| Currency | USD |
| Minimum loan size | USD 200 |
| Maximum loan size | 20,000 |
| Shortest loan term | 2.0 months |
| Longest loan term | 30.0 months |
| Approx average | 15.0 months |
| 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 |
| Currency | AZN |
| Minimum loan size | AZN 50 |
| Maximum loan size | 10,000 |
| Shortest loan term | 3.0 months |
| Longest loan term | 18.0 months |
| Approx average | 12.0 months |
| Grace period usage | 0 |
| Average grace period | DK |
| 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 | 15.20% |
| Highest quoted nominal interest | 18.00% |
| Reason(s) why interest rate varies | Loan Purpose |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | Yes |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | |
| Do borrowers control deposit in their group? | Yes |
| % loan amount deposited | 10.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | Access During |
| Minimum interest rate paid | 3.00% |
| Maximum interest rate paid | 6.00% |
| Interest payment frequency | Annually |
| Are taxes charged on this product? | No |
| Lowest quoted nominal interest | 29.00% |
| Highest quoted nominal interest | 32.00% |
| Reason(s) why interest rate varies | Time as Client, Client Risk |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | BorcalanÄn heyat sigortasi |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 5 |
| Fixed amount - max | 585 |
| Reason for variation | |
| Appears on Repayment Sched? | No |
| 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 | Sample 3 | Sample 4 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | USD 1,212 | USD 2,525 | USD 3,939 | USD 8,080 | |||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
| Disbursement Date | 2010-08-12 | 2010-08-02 | 2010-08-20 | 2010-08-30 | |||
| Loan Term (Months) | 12.0 months | 8.0 months | 24.0 months | 30.0 months | |||
| Grace Period (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 | |||
| True Price by Comp | |||||||
| Interest and Fee Component | 15.4% | 15.4% | 15.4% | 13.3% | |||
| Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Deposit Component | 2.7% | 2.6% | 2.9% | 2.4% | |||
| Full APR (int fee ins tax dep) | 18.1% | 18.0% | 18.3% | 15.7% | |||
| Transparency Index | 84 | 84 | 83 | 97 | |||
| Original Repayment Schedule | |||||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | AZN 800 | AZN 850 | AZN 1,400 | AZN 3,000 | AZN 6,400 | AZN 6,650 | |||||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
| Disbursement Date | 2009-11-06 | 2009-11-02 | 2010-04-21 | 2009-10-30 | 2010-03-29 | 2009-11-24 | |||||
| Loan Term (Months) | 18.0 months | 12.0 months | 12.0 months | 12.0 months | 24.0 months | 24.0 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 | 37.5% | 38.2% | 37.9% | 34.0% | 28.0% | 28.1% | |||||
| 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 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
| Full APR (int fee ins tax dep) | 37.5% | 38.2% | 37.9% | 34.0% | 28.0% | 28.1% | |||||
| Transparency Index | 77 | 76 | 76 | 85 | 100 | 100 | |||||
| Original Repayment Schedule | |||||||||||
| MFT Pricing Calculation |
| 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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