2. OISL
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

Opportunity International Savings & Loans Ltd. No. D765/3 Kwame Nkrumah AvenueAccra, Greater AccraPO Box JT 323
Data approved: 2013-03-12
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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Product

Individual Loan Product 5 of 10 « Prev | Next »

Product

Rural Loan Product (AZN) Product 8 of 12 « Prev | Next »

Product Summary

Number borrowers3,257
Loan Amount (range)GHS 200 - 12,000
Loan Term (range)2 - 24
Other Services (text summary)Credit Educ, Credit Ins
Annual Interest & Method42.0% annual, Flat
Fees3.50% upfront 3.00 upfront
Insurance1.00% ongoing
TaxNone
Comp Dep10.0% upfront
Range of pricing 
Interest Price Component33.9% - 69.6%
Fee Component2.9% - 24.0%
Insurance Component0.5% - 4.4%
Tax Component Range0
Full APR (int fee ins tax dep)78.4% - 95.7%
Transparency Index (min/max)31 - 88
Transparency Index (average)47

Product Summary

33,876
AZN 50 - 2,400
6 - 24
24.5%-37.0% annual, Decl Bal
2.00%-3.00% upfront
None
None
N/A
 
21.8% - 38.4%
1.5% - 7.1%
0
0
28.9% - 42.6%
57 - 94
70

Product Details

Key Statistics
Outstanding portfolio (GHS)GHS 5,704,136
Portfolio (USD)USD 2,895,500.51
Active Clients with Loans3,257
Approximate % Female Clients40% - 60%
Approximate % Urban Clients20% - 40%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Individual loan is offered to individual clients for working capital and financing business expansion purposes.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetings
Credit insurancex
Workplace visits
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 worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution6
# Regions for this product6
Regions ActiveGreater Accra Region, Central Region, Western Region, Eastern Region, Ashanti Region, Brong Ahafo Region

Product Details

Key Statistics
Outstanding portfolio (AZN)AZN 27,307,579
Portfolio (USD)USD 35,009,716.67
Active Clients with Loans33,876
Approximate % Female Clients20% - 40%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
A loan for group borrowers living in rural areas and engaged in trade activities and household business.
Loan Purpose
Any purpose
Income generationx
Mortgage/housingx
Consumer loanx
Agriculture
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 200
Maximum loan size12,000
Distribution at Disbursement (Est.)
Loans less than GHS 1,00010%
GHS 1,000-5,00080%
GHS 5,000-7,50010%
GHS 7,500-10,0000
GHS 10,000-13,0000
Greater than GHS 13,0000
Loan Term and Grace Period
Shortest loan term2.0 months
Longest loan term24.0 months
Approx average9.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less10%
Between 4 and 6 months20%
Between 7 and 9 months30%
Between 10 and 12 months30%
Between 13 and 18 months10%
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period1.0 month
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

Loan Conditions

Loan Amount
CurrencyAZN
Minimum loan sizeAZN 50
Maximum loan size2,400
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 term6.0 months
Longest loan term24.0 months
Approx average15.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months40%
Between 13 and 18 months60%
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 interest42.00%
Highest quoted nominal interest42.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionProcessing FeeApplication Fee
% of loan amount - min3.50%0
% of loan amount - max3.50%0
OR, Fixed amount - min03
Fixed amount - max03
Reason for variationN/AN/A
Appears on Repayment Sched?NoNo
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
Ins 1
DescriptionInsurance Fee
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation1% of total loan amount, divided and charged equally throughout loan term.
Appears on Repayment Sched?Yes
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?No
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 depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid0
Maximum interest rate paid3.00%
Interest payment frequencyEnd Term
Taxes
Are taxes charged on this product?No
Additional Comments
Interest paid on deposit rule - If amount deposited is less than 1,000 GHS, 0% interest. If amount deposited is 1,000 GHS or more, 3% interest.

Pricing Information

Interest
Lowest quoted nominal interest24.50%
Highest quoted nominal interest37.00%
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

Individual Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountGHS 300GHS 700GHS 1,500GHS 3,000GHS 6,000GHS 9,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2012-12-112012-12-132012-12-202012-12-202012-10-242012-05-17
Loan Term (Months)5.5 months7.0 months11.0 months11.0 months8.0 months25.0 months
Grace Period (Months)0.5 months0.4 months0.4 months0.5 months0.4 months0.5 months
Total Cost of CreditGHS 74.10GHS 216.78GHS 620.20GHS 1,244.40GHS 2,040.44GHS 8,202.48
True Price by Comp           
Interest price component62.4%64.9%66.3%65.6%65.0%63.5%
Fee Component16.6%11.6%8.4%8.0%9.4%4.1%
Insurance Component3.1%2.3%1.7%1.6%2.0%0.6%
Tax Component0.0%0.0%0.0%0.0%0.0%0.0%
Deposit Component13.6%13.4%13.0%12.7%12.9%10.2%
Full APR (int fee ins tax dep)95.7%92.2%89.4%87.9%89.3%78.4%
Transparency Index444647484754
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF

Full Pricing Data

Rural Loan Product (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 50 Generated 2014-10-01 10.0 months 0.0 months AZN 6.69 28.9% 24.3% 4.6% 0.0% 0.0% 0.0% 85 - PDF
AZN 50 Generated 2014-10-01 10.0 months 0.0 months AZN 9.72 41.2% 36.5% 4.7% 0.0% 0.0% 0.0% 60 - PDF
AZN 57.50 Generated 2014-10-01 10.0 months 0.0 months AZN 11.47 42.6% 35.5% 7.1% 0.0% 0.0% 0.0% 58 - PDF
AZN 500 Generated 2014-10-01 14.1 months 0.0 months AZN 124.70 38.0% 34.5% 3.5% 0.0% 0.0% 0.0% 64 - PDF
AZN 750 Generated 2014-10-01 16.1 months 0.0 months AZN 195.69 35.3% 30.6% 4.7% 0.0% 0.0% 0.0% 69 - PDF
AZN 890 Generated 2014-10-01 12.1 months 0.0 months AZN 186.11 37.6% 31.6% 6.0% 0.0% 0.0% 0.0% 65 - PDF
AZN 1,000 Generated 2014-10-01 18.1 months 0.0 months AZN 262.59 31.4% 28.7% 2.7% 0.0% 0.0% 0.0% 78 - PDF
AZN 1,500 Generated 2014-10-01 12.1 months 0.0 months AZN 270.09 32.7% 26.7% 6.0% 0.0% 0.0% 0.0% 75 - PDF
AZN 2,400 Generated 2014-10-01 18.1 months 0.0 months AZN 651.57 32.4% 29.6% 2.8% 0.0% 0.0% 0.0% 76 - PDF
Individual Loan Price Graphs
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.NBFIInstitution TypeBusinessLoan PurposeOISLInstitutionGH-036-V02-P05ProductGHCountry2013YearRange Number2Institution Data Version02,0004,0006,0008,000Loan Size (all)0%20%40%60%80%100%Full APR (int fee ins tax dep)> 2,6001,9001,30060070Number of Borrowers
Click to view Price Analysis Tool
Rural Loan Product (AZN) Price Graphs
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.NBFIInstitution TypeBusinessLoan PurposeFINCAInstitutionAZ-005-V03-P08ProductAZCountry2014YearRange Number3Institution Data Version05001,0001,5002,0002,500Loan Size (all)0%10%20%30%40%Full APR (int fee ins tax dep)> 12,0009,1006,0003,000300Number 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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