Number borrowers | 2,700 |
Loan Amount (range) | USD 500 - 10,000 |
Loan Term (range) | 3 - 36 |
Other Services (text summary) | Credit Ins, Tech Asst Visits, Business Training |
Annual Interest & Method | 10.6%-24.5% annual, Decl Bal |
Fees | 1.50 ongoing 0.10 ongoing |
Insurance | None |
Tax | None |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 19.0% - 24.9% (Int+Fee) |
Insurance Component | 0 - 7.9% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 19.8% - 26.5% |
Transparency Index (min/max) | 40 - 98 |
Transparency Index (average) | 45 |
9,849 |
AZN 500 - 10,000 |
3 - 36 |
Credit Ins |
28.0%-34.0% annual, Decl Bal |
1.00% upfront 10.00-100.00 upfront |
10.00-120.00 upfront |
None |
N/A |
27.7% - 32.6% |
1.3% - 9.3% |
1.5% - 11.7% |
0 |
30.5% - 43.6% |
60 - 85 |
68 |
Outstanding portfolio (USD) | USD 4,000,000 |
Portfolio (USD) | USD 4,000,000 |
Active Clients with Loans | 2,700 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 20% - 40% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | x |
Consumer loan | x |
Agriculture | |
Education | x |
Other household finance | |
Other | |
Other (2) |
Credit education | |
Group meetings | |
Credit insurance | x |
Workplace visits | x |
Business training | x |
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 19,247,182 |
Portfolio (USD) | USD 24,675,874.36 |
Active Clients with Loans | 9,849 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 40% - 60% |
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 | x |
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 | 7 |
# Regions for this product | 8 |
Regions Active | Absheron, Ganja-Qazakh, Shaki-Zaqatala, Lankaran-Astara, Quba-Khachmaz, Orta Kur, Daglig-ShirvanKur |
Currency | USD |
Minimum loan size | USD 500 |
Maximum loan size | 10,000 |
Shortest loan term | 3.0 months |
Longest loan term | 36.0 months |
Approx average | 18.0 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 500 |
Maximum loan size | 10,000 |
Loans less than AZN 1,000 | 15% |
AZN 1,000-5,000 | 70% |
AZN 5,000-8,000 | 10% |
AZN 8,000-11,000 | 5% |
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 | 24.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 30% |
Between 13 and 18 months | 30% |
Longer than 18 months | 40% |
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 |
Lowest quoted nominal interest | 10.57% |
Highest quoted nominal interest | 24.54% |
Reason(s) why interest rate varies | Time as Client, Loan Size, Loan Purpose |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | Yes |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Seguro de Vida | Seguro Desgravamen | |
% of loan amount - min | 0 | 0 | |
% of loan amount - max | 0 | 0 | |
OR, Fixed amount - min | 1.50 | 0.10 | |
Fixed amount - max | 1.50 | 0.10 | |
Reason for variation | N/A | N/A | |
Appears on Repayment Sched? | No | 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 |
Lowest quoted nominal interest | 28.00% |
Highest quoted nominal interest | 34.00% |
Reason(s) why interest rate varies | Time as Client, 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 | Fee 2 | ||
---|---|---|---|
Description | Comission Fee | Document charge | |
% of loan amount - min | 1.00% | 0 | |
% of loan amount - max | 1.00% | 0 | |
OR, Fixed amount - min | 0 | 10 | |
Fixed amount - max | 0 | 100 | |
Reason for variation | 1% is for documenting charges, 1% for cash disbursment | N/A | |
Appears on Repayment Sched? | No | No |
Ins 1 | |
---|---|
Description | Accident Insurance |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 10 |
Fixed amount - max | 120 |
Reason for variation | It is determined according to the loan amount. |
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 1,000 | USD 2,000 | USD 4,000 | USD 8,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2010-09-22 | 2010-09-15 | 2010-09-10 | 2010-09-22 | |||
Loan Term (Months) | 10.0 months | 24.0 months | 20.0 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 | 19.0% | 24.9% | 24.7% | 19.4% | |||
Insurance Component | 3.1% | 1.6% | 0.8% | 0.4% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Full APR (int fee ins tax dep) | 22.1% | 26.5% | 25.5% | 19.8% | |||
Transparency Index | 48 | 40 | 41 | 53 | |||
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 900 | Real | 2014-08-25 | 18.3 months | N/A | AZN 231.77 | 30.5% | 27.7% | 1.3% | 1.5% | 0.0% | 0.0% | 85 | ||
AZN 900 | Generated | 2014-11-01 | 18.0 months | N/A | AZN 228.18 | 32.4% | 27.7% | 3.1% | 1.6% | 0.0% | 0.0% | 80 | - | |
AZN 2,600 | Real | 2014-07-22 | 12.2 months | N/A | AZN 592 | 41.6% | 27.9% | 2.0% | 11.7% | 0.0% | 0.0% | 63 | ||
AZN 2,600 | Generated | 2014-11-01 | 12.0 months | N/A | AZN 549.09 | 40.3% | 27.7% | 2.8% | 9.8% | 0.0% | 0.0% | 65 | - | |
AZN 1,000 | Generated | 2014-11-01 | 12.0 months | N/A | AZN 226.19 | 43.6% | 27.7% | 9.3% | 6.6% | 0.0% | 0.0% | 60 | - | |
AZN 1,500 | Generated | 2014-11-01 | 12.0 months | N/A | AZN 321.78 | 41.0% | 27.7% | 7.6% | 5.7% | 0.0% | 0.0% | 63 | - | |
AZN 2,000 | Generated | 2014-11-01 | 12.0 months | N/A | AZN 423.97 | 40.1% | 29.6% | 6.2% | 4.3% | 0.0% | 0.0% | 65 | - | |
AZN 3,100 | Generated | 2014-11-01 | 18.0 months | N/A | AZN 940.58 | 39.5% | 30.6% | 3.9% | 5.0% | 0.0% | 0.0% | 66 | - | |
AZN 4,000 | Generated | 2014-11-01 | 24.0 months | N/A | AZN 1,510.82 | 37.2% | 30.6% | 3.0% | 3.6% | 0.0% | 0.0% | 70 | - | |
AZN 6,500 | Generated | 2014-11-01 | 24.0 months | N/A | AZN 2,487.91 | 37.3% | 32.6% | 2.4% | 2.3% | 0.0% | 0.0% | 70 | - |
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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