Number borrowers | 61 |
Loan Amount (range) | USD 600 - 8,000 |
Loan Term (range) | 2 - 36 |
Other Services (text summary) | Credit Ins, Tech Asst Visits |
Annual Interest & Method | 24.5% annual, Decl Bal |
Fees | 1.20% ongoing |
Insurance | None |
Tax | None |
Comp Dep | 3.0% upfront |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 22.7% - 24.8% (Int+Fee) |
Insurance Component | -1.3% - 3.0% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 24.5% - 26.7% |
Transparency Index (min/max) | 76 - 100 |
Transparency Index (average) | 93 |
175 |
AZN 35,000 - 100,000 |
12 - 30 |
Credit Ins |
25.0%-28.0% annual, Flat |
None |
None |
None |
N/A |
N/A |
28.1% (Int+Fee) |
0 |
0 |
28.1% |
62 - 152 |
89 |
Outstanding portfolio (USD) | USD 250,461 |
Portfolio (USD) | USD 250,461 |
Active Clients with Loans | 61 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 40% - 60% |
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 | x |
Workplace visits | x |
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 | N/A |
# Regions for this product | N/A |
Regions Active |
Outstanding portfolio (AZN) | AZN 75,000 |
Portfolio (USD) | USD 96,153.85 |
Active Clients with Loans | 175 |
Approximate % Female Clients | 0% - 20% |
Approximate % Urban Clients | 60% - 80% |
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 | 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 600 |
Maximum loan size | 8,000 |
Shortest loan term | 2.0 months |
Longest loan term | 36.0 months |
Approx average | 0 |
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 35,000 |
Maximum loan size | 100,000 |
Shortest loan term | 12.0 months |
Longest loan term | 30.0 months |
Approx average | 24.0 months |
Grace period usage | 10% |
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 | 24.45% |
Highest quoted nominal interest | 24.45% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Seguro de Desgravamen |
% of loan amount - min | 1.20% |
% of loan amount - max | 1.20% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | Yes |
Do borrowers control deposit in their group? |
% loan amount deposited | 3.00% |
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 | 2.00% |
Maximum interest rate paid | 3.00% |
Interest payment frequency | Monthly |
Are taxes charged on this product? | No |
Lowest quoted nominal interest | 25.00% |
Highest quoted nominal interest | 28.00% |
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 |
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 1,000 | USD 2,000 | USD 3,700 | USD 8,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2010-08-12 | 2010-08-30 | 2010-08-04 | 2010-09-10 | |||
Loan Term (Months) | 12.0 months | 30.0 months | 36.0 months | 36.0 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 | 24.8% | 24.8% | 24.8% | 22.7% | |||
Insurance Component | 0.7% | 0.7% | 0.7% | 0.7% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 1.2% | 1.2% | 1.2% | 1.1% | |||
Full APR (int fee ins tax dep) | 26.7% | 26.7% | 26.7% | 24.5% | |||
Transparency Index | 91 | 91 | 91 | 100 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Sample 1 | |
---|---|
Loan Amount | AZN 57,000 |
Loan Cycle (1, 2, 3, etc) | Not Known |
Disbursement Date | 2010-02-23 |
Loan Term (Months) | 30.0 months |
Grace Period (Months) | 0 |
Total Cost of Credit | Not Known |
True Price by Comp | |
Interest and Fee Component | 28.1% |
Insurance Component | 0 |
Tax Component | 0 |
Deposit Component | 0 |
Full APR (int fee ins tax dep) | 28.1% |
Transparency Index | 89 |
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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