2. BestFUND
Please note that the information you are viewing is 144 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. FINCA
Please note that the information you are viewing is 125 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

BestFUND Head OfficeCantomentsAccra, Greater AccraP.O. Box CT 5217
Data approved: 2013-03-04
Data version: 2
Age of data: 144 months
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Institution

FINCA J. Jabbarli str. 44Baku, AzerbaijanAZ 1065
Data approved: 2014-10-10
Data version: 3
Age of data: 125 months
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  • No previous version for this product.

Product

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Product

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Product Summary

Number borrowers9,642
Loan Amount (range)GHS 2,000 - 10,000
Loan Term (range)5 - 8
Other Services (text summary)Group Mtgs, Tech Asst Visits
Annual Interest & Method36.0%-96.0% annual, Flat
Fees3.00% upfront
InsuranceNone
TaxNone
Comp Dep10.0% upfront
Range of pricing 
Interest Price Component49.7% - 53.3%
Fee Component9.3% - 18.4%
Insurance Component0
Tax Component Range0
Full APR (int fee ins tax dep)68.1% - 81.6%
Transparency Index (min/max)44 - 53
Transparency Index (average)N/A

Product Summary

61,742
AZN 100 - 8,000
3 - 36
24.5%-40.0% annual, Decl Bal
2.00%-3.00% upfront
None
None
N/A
 
21.8% - 38.4%
1.5% - 7.1%
0
0
27.9% - 43.0%
57 - 94
70

Product Details

Key Statistics
Outstanding portfolio (GHS)GHS 4,995,261
Portfolio (USD)USD 2,535,665.48
Active Clients with Loans9,642
Approximate % Female Clients80% - 100%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity groupx
Village banking
Self help group
Other
Description
Designed for solidarity groups.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Educationx
Other household finance
OtherLand
Other (2)
Included Services
Credit education
Group meetingsx
Credit insurance
Workplace visitsx
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried workerx
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution2
# Regions for this product2
Regions ActiveGreater Accra Region, Ashanti Region

Product Details

Key Statistics
Outstanding portfolio (AZN)AZN 58,950,239
Portfolio (USD)USD 75,577,229.49
Active Clients with Loans61,742
Approximate % Female Clients20% - 40%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Rural producers engaged in crop planting, animal husbandry, market gardening, dairy production, other processing activities, households and trade of rural products.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculturex
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurance
Workplace visits
Business training
Other training
Other
Other (2)
No other servicesx
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution8
# Regions for this product8
Regions ActiveAbsheron, Ganja-Qazakh, Shaki-Zaqatala, Lankaran-Astara, Quba-Khachmaz, Orta Kur, Daglig-Shirvan, Nakhichevan

Loan Conditions

Loan Amount
CurrencyGHS
Minimum loan sizeGHS 2,000
Maximum loan size10,000
Distribution at Disbursement (Est.)
Loans less than GHS 1,0000
GHS 1,000-5,0000
GHS 5,000-7,50020%
GHS 7,500-10,00080%
GHS 10,000-13,0000
Greater than GHS 13,0000
Loan Term and Grace Period
Shortest loan term5.0 months
Longest loan term8.0 months
Approx averagedk
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months80%
Between 7 and 9 months20%
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage100%
Average grace period1.0 month
Repayment Frequency
Daily
Weeklyx
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyAZN
Minimum loan sizeAZN 100
Maximum loan size8,000
Distribution at Disbursement (Est.)
Loans less than AZN 1,00040%
AZN 1,000-5,00060%
AZN 5,000-8,0000
AZN 8,000-11,0000
AZN 11,000-14,0000
Greater than AZN 14,0000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term36.0 months
Approx average14.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months60%
Between 13 and 18 months40%
Longer than 18 months0
Grace Period
Grace period usage10%
Average grace period3.0 months
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest3.00%
Highest quoted nominal interest8.00%
Reason(s) why interest rate variesClient Risk
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min3.00%
% of loan amount - max3.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?Yes
Do borrowers control deposit in their group?No
Deposit BEFORE or AT Disbursement
% loan amount deposited10.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositFinal Pmt
Interest Paid on Deposit
Minimum interest rate paid0
Maximum interest rate paid0
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Pricing Information

Interest
Lowest quoted nominal interest24.50%
Highest quoted nominal interest40.00%
Reason(s) why interest rate variesBranch, Loan Size
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionCommission Fee
% of loan amount - min2.00%
% of loan amount - max3.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationThe variation is due to loan term. 2% on the term upto 12 months and 3% on higher than 12 months
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Full Pricing Data

Group Loan samples
Sample 1Sample 2Sample 3
Loan AmountGHS 3,200GHS 6,500GHS 9,500
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2013-01-102013-02-022013-01-14
Loan Term (Months)6.0 months5.0 months3.0 months
Grace Period (Months)1.9 months1.5 months0.9 months
Total Cost of CreditGHS 672GHS 1,170GHS 1,140
True Price by Comp     
Interest price component49.7%51.4%51.8%
Fee Component9.3%11.3%18.4%
Insurance Component0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%
Deposit Component9.1%9.9%11.4%
Full APR (int fee ins tax dep)68.1%72.6%81.6%
Transparency Index535044
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF

Full Pricing Data

Individual Rural Loan (AZN) samples
Type of Sample
Grace Period (Months)
Full APR (int fee ins tax dep)
True Price by Component
Interest price component
Fee Component
Insurance Component
Tax Component
Deposit Component
AZN 10,000 Real 2014-10-01 24.4 months N/A AZN 3,897 34.3% 31.0% 3.3% 0.0% 0.0% 0.0% 71 PDF PDF
AZN 10,000 Generated 2014-10-01 24.3 months 0.0 months AZN 3,814.64 33.9% 30.6% 3.3% 0.0% 0.0% 0.0% 72 - PDF
AZN 5,000 Real 2014-06-06 12.2 months N/A AZN 1,225 43.0% 37.0% 6.0% 0.0% 0.0% 0.0% 86 PDF PDF
AZN 5,000 Generated 2014-10-01 12.1 months 0.0 months AZN 1,142.69 40.5% 36.5% 4.0% 0.0% 0.0% 0.0% 61 - PDF
AZN 100 Generated 2014-10-01 12.1 months 0.0 months AZN 19.91 35.6% 31.6% 4.0% 0.0% 0.0% 0.0% 69 - PDF
AZN 115 Generated 2014-10-01 24.3 months 0.0 months AZN 49.88 37.7% 35.5% 2.2% 0.0% 0.0% 0.0% 65 - PDF
AZN 720 Generated 2014-10-01 12.1 months 0.0 months AZN 139.15 34.6% 30.6% 4.0% 0.0% 0.0% 0.0% 71 - PDF
AZN 960 Generated 2014-10-01 12.1 months 0.0 months AZN 225.09 41.5% 37.4% 4.1% 0.0% 0.0% 0.0% 59 - PDF
AZN 2,400 Generated 2014-10-01 12.1 months 0.0 months AZN 577 42.4% 38.4% 4.0% 0.0% 0.0% 0.0% 58 - PDF
AZN 2,760 Generated 2014-10-01 24.3 months 0.0 months AZN 857.46 27.9% 25.7% 2.2% 0.0% 0.0% 0.0% 88 - PDF
Group Loan Price Graphs
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.NGOInstitution TypeMultipleLoan PurposeBestFUNDInstitutionGH-009-V02-P02ProductGHCountry2013YearRange Number2Institution Data Version02,0004,0006,0008,00010,000Loan Size (all)0%20%40%60%80%Full APR (int fee ins tax dep)> 7,7005,7003,8001,900200Number of Borrowers
Click to view Price Analysis Tool
Individual Rural Loan (AZN) Price Graphs
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.NBFIInstitution TypeMultipleLoan PurposeFINCAInstitutionAZ-005-V03-P12ProductAZCountry2014YearRange Number3Institution Data Version02,0004,0006,0008,00010,000Loan Size (all)0%10%20%30%40%Full APR (int fee ins tax dep)> 22,00016,00011,0005,500600Number of Borrowers
Click to view Price Analysis Tool
Caps / Zoom options
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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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