Number borrowers | 418 |
Loan Amount (range) | USD 100 - 15,000 |
Loan Term (range) | 1 - 48 |
Other Services (text summary) | Credit Ins, Tech Asst Visits |
Annual Interest & Method | 13.8% annual, Decl Bal |
Fees | 4.00% upfront 12.00 upfront |
Insurance | None |
Tax | None |
Comp Dep | 6.7% upfront 5.00% ongoing |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 14.0% - 15.2% (Int+Fee) |
Insurance Component | 0 - 11.0% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 15.6% - 22.0% |
Transparency Index (min/max) | 0 - N/A |
Transparency Index (average) | 77 |
34,913 |
AZN 100 - 20,000 |
3 - 36 |
23.0%-35.0% annual, Decl Bal |
2.00%-3.00% upfront |
None |
None |
N/A |
21.8% - 38.4% |
1.5% - 7.1% |
0 |
0 |
28.7% - 40.6% |
57 - 94 |
67 |
Outstanding portfolio (USD) | USD 468,714.90 |
Portfolio (USD) | USD 468,714.90 |
Active Clients with Loans | 418 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 20% - 40% |
Individual | x |
Solidarity group | x |
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 | x |
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 | x |
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 46,933,189 |
Portfolio (USD) | USD 60,170,755.13 |
Active Clients with Loans | 34,913 |
Approximate % Female Clients | 0% - 20% |
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 | |
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 | |
Other (2) |
# Regions for this institution | 8 |
# Regions for this product | 8 |
Regions Active | Absheron, Ganja-Qazakh, Shaki-Zaqatala, Lankaran-Astara, Quba-Khachmaz, Orta Kur, Daglig-Shirvan, Nakhichevan |
Currency | USD |
Minimum loan size | USD 100 |
Maximum loan size | 15,000 |
Shortest loan term | 1.0 month |
Longest loan term | 48.0 months |
Approx average | 19.0 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 100 |
Maximum loan size | 20,000 |
Loans less than AZN 1,000 | 30% |
AZN 1,000-5,000 | 70% |
AZN 5,000-8,000 | 0 |
AZN 8,000-11,000 | 0 |
AZN 11,000-14,000 | 0 |
Greater than AZN 14,000 | 0 |
Shortest loan term | 3.0 months |
Longest loan term | 36.0 months |
Approx average | 15.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 5% |
Between 10 and 12 months | 50% |
Between 13 and 18 months | 30% |
Longer than 18 months | 15% |
Grace period usage | 10% |
Average grace period | 3.0 months |
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 | 13.80% |
Highest quoted nominal interest | 13.80% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Seguro de Desgravamen | Seguro de Vida y Seguro de Accidentes Personales (prima anual) | |
% of loan amount - min | 4.00% | 0 | |
% of loan amount - max | 4.00% | 0 | |
OR, Fixed amount - min | 0 | 12 | |
Fixed amount - max | 0 | 12 | |
Reason for variation | N/A | ||
Appears on Repayment Sched? | No | No |
Required for | Some |
Criteria | No se requiere cuando se firman convenios con instituciones |
Is deposit indicated on the repayment schedule? | |
Do borrowers control deposit in their group? | Yes |
% loan amount deposited | 6.70% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 5.00% |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | Access During |
Minimum interest rate paid | 4.00% |
Maximum interest rate paid | 4.00% |
Interest payment frequency | Monthly |
Are taxes charged on this product? | No |
Lowest quoted nominal interest | 23.00% |
Highest quoted nominal interest | 35.00% |
Reason(s) why interest rate varies | Branch, Loan Size |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
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 | Commission varies with loan amount. 2% applied on loan amount AZN 4000 and above, 3% on less than AZN 4000. 2% commission flat fee is applicable for Nakhchivan only |
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 | Sample 5 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | USD 400 | USD 1,000 | USD 2,000 | USD 4,000 | USD 4,727 | ||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
Disbursement Date | 2010-05-18 | 2010-04-26 | 2010-05-28 | 2010-04-29 | 2010-05-28 | ||||
Loan Term (Months) | 12.0 months | 12.0 months | 15.0 months | 48.0 months | 37.0 months | ||||
Grace Period (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 | ||||
True Price by Comp | |||||||||
Interest and Fee Component | 14.0% | 15.2% | 14.0% | 15.2% | 14.0% | ||||
Insurance Component | 5.5% | 2.3% | 1.0% | 0.2% | 0.2% | ||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Deposit Component | 2.5% | 2.0% | 1.6% | 1.5% | 1.4% | ||||
Full APR (int fee ins tax dep) | 22.0% | 19.5% | 16.5% | 16.9% | 15.6% | ||||
Transparency Index | 63 | 71 | 84 | 81 | 88 | ||||
Original Repayment Schedule | |||||||||
MFT Pricing Calculation |
Loan Amount |
Type of Sample |
Disbursement Date |
Loan Term (Months) |
Grace Period (Months) |
Total Cost of Credit |
Full APR (int fee ins tax dep) |
True Price by Component |
Transparency Index |
Original Repayment Schedule |
MFT Pricing Calculation |
||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Interest price component |
Fee Component |
Insurance Component |
Tax Component |
Deposit Component |
||||||||||
AZN 100 | Generated | 2014-10-01 | 12.1 months | 0.0 months | AZN 15.71 | 28.7% | 22.8% | 5.9% | 0.0% | 0.0% | 0.0% | 80 | - | |
AZN 100 | Generated | 2014-10-01 | 12.1 months | 0.0 months | AZN 22.67 | 40.6% | 34.5% | 6.1% | 0.0% | 0.0% | 0.0% | 57 | - | |
AZN 115 | Generated | 2014-10-01 | 18.1 months | 0.0 months | AZN 33.40 | 34.8% | 30.6% | 4.2% | 0.0% | 0.0% | 0.0% | 66 | - | |
AZN 115 | Generated | 2014-10-01 | 10.0 months | 0.0 months | AZN 17.37 | 32.7% | 25.7% | 7.0% | 0.0% | 0.0% | 0.0% | 70 | - | |
AZN 2,040 | Generated | 2014-10-01 | 12.1 months | 0.0 months | AZN 430.10 | 37.5% | 33.5% | 4.0% | 0.0% | 0.0% | 0.0% | 61 | - | |
AZN 720 | Generated | 2014-10-01 | 12.1 months | 0.0 months | AZN 126.60 | 31.7% | 27.7% | 4.0% | 0.0% | 0.0% | 0.0% | 73 | - | |
AZN 2,400 | Generated | 2014-10-01 | 18.1 months | 0.0 months | AZN 675.57 | 33.8% | 29.6% | 4.2% | 0.0% | 0.0% | 0.0% | 68 | - | |
AZN 960 | Generated | 2014-10-01 | 18.1 months | 0.0 months | AZN 304.73 | 37.8% | 33.5% | 4.3% | 0.0% | 0.0% | 0.0% | 61 | - | |
AZN 2,760 | Generated | 2014-10-01 | 36.4 months | 0.0 months | AZN 1,668.55 | 34.1% | 32.6% | 1.5% | 0.0% | 0.0% | 0.0% | 67 | - | |
AZN 1,300 | Generated | 2014-10-01 | 14.1 months | 0.0 months | AZN 270.68 | 32.1% | 28.7% | 3.4% | 0.0% | 0.0% | 0.0% | 72 | - | |
AZN 1,500 | Generated | 2014-10-01 | 18.1 months | 0.0 months | AZN 434.08 | 34.4% | 31.6% | 2.8% | 0.0% | 0.0% | 0.0% | 67 | - | |
AZN 2,400 | Generated | 2014-10-01 | 12.1 months | 0.0 months | AZN 449.86 | 33.6% | 29.6% | 4.0% | 0.0% | 0.0% | 0.0% | 68 | - | |
AZN 2,760 | Generated | 2014-10-01 | 14.1 months | 0.0 months | AZN 650.24 | 36.1% | 32.6% | 3.5% | 0.0% | 0.0% | 0.0% | 64 | - |
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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