| Institution Type | Non-Governmental Organization |
| Is this institution regulated? | Yes |
| Website address | http://www.eldaorgan.com/ |
| Year established | 2000 |
| Head of Institution | Yaw Afrifa Anim |
| Regions active | Brong Ahafo Region |
| # Branches | 5 |
| Total Portfolio (nat'l) | 0 |
| Total Portfolio (USD) | 0 |
| Active clients with loans | 0 |
| Approximate % female clients | 80% - 100% |
| Approximate % urban clients | 20% - 40% |
| Network affiliations | GHAMFIN, Association of Financial NGOs, Brong Ahafo Association of NGOs |
| Funders | EU and UN (Joint Migration for Development Initiative), Diakonia, Geneval Global |
| Outstanding portfolio (AZN) | AZN 7,678,863 |
| Portfolio (USD) | USD 9,844,696.15 |
| Active Clients with Loans | 9,633 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 60% - 80% |
| Individual | |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | x |
| Consumer loan | x |
| 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 | x |
| 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 | AZN |
| Minimum loan size | AZN 50 |
| Maximum loan size | 2,400 |
| Loans less than AZN 1,000 | 50% |
| AZN 1,000-5,000 | 50% |
| 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 | 4.0 months |
| Longest loan term | 18.0 months |
| Approx average | 13.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 70% |
| Between 13 and 18 months | 30% |
| Longer than 18 months | 0 |
| 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 | 26.50% |
| Highest quoted nominal interest | 36.00% |
| 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 | Origination Fee |
| % of loan amount - min | 2.00% |
| % of loan amount - max | 2.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| 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 |
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 50 | Generated | 2014-10-01 | 10.0 months | 0.0 months | AZN 7.17 | 30.9% | 26.2% | 4.7% | 0.0% | 0.0% | 0.0% | 86 | - | |
| AZN 50 | Generated | 2014-10-01 | 10.0 months | 0.0 months | AZN 9.48 | 40.2% | 35.5% | 4.7% | 0.0% | 0.0% | 0.0% | 66 | - | |
| AZN 720 | Generated | 2014-10-01 | 12.1 months | 0.0 months | AZN 156.04 | 38.5% | 34.5% | 4.0% | 0.0% | 0.0% | 0.0% | 69 | - | |
| AZN 720 | Generated | 2014-10-01 | 12.1 months | 0.0 months | AZN 130.78 | 32.6% | 28.7% | 3.9% | 0.0% | 0.0% | 0.0% | 81 | - | |
| AZN 960 | Generated | 2014-10-01 | 12.1 months | 0.0 months | AZN 196.76 | 36.6% | 32.6% | 4.0% | 0.0% | 0.0% | 0.0% | 72 | - | |
| AZN 1,500 | Generated | 2014-10-01 | 14.1 months | 0.0 months | AZN 302.14 | 31.1% | 27.7% | 3.4% | 0.0% | 0.0% | 0.0% | 85 | - | |
| AZN 2,760 | Generated | 2014-10-01 | 18.1 months | 0.0 months | AZN 749.31 | 32.4% | 29.6% | 2.8% | 0.0% | 0.0% | 0.0% | 82 | - | |
| 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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