Outstanding portfolio (INR) | INR 3,500,000,000 |
Portfolio (USD) | USD 66,037,735.85 |
Active Clients with Loans | 590,000 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 80% - 100% |
Individual | |
Solidarity group | x |
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 | x |
Group meetings | x |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services |
Men | |
Women | x |
Must run a business | x |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Household income <60,000 INR | x |
Household income <120,000 INR | x |
Must live in rural area | |
Must lives in urban area | |
Other | |
Other (2) |
# Regions for this institution | 2 |
# Regions for this product | 5 |
Regions Active | Gujarat, Madhya Pradesh, Rajasthan, Tamil Nadu, Puducherry |
Currency | INR |
Minimum loan size | INR 12,000 |
Maximum loan size | 18,000 |
Loans less than INR 5,000 | 0 |
INR 5,000-15,000 | 50% |
INR 15,000-25,000 | 50% |
INR 25,000-35,000 | 0 |
INR 35,000-45,000 | 0 |
Greater than INR 45,000 | 0 |
Shortest loan term | 18.0 months |
Longest loan term | 24.0 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 | 0 |
Between 13 and 18 months | 10% |
Longer than 18 months | 90% |
Grace period usage | 100% |
Average grace period | DK |
Daily | |
Weekly | x |
Every 2 weeks | x |
Every 4 weeks | x |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 25.50% |
Highest quoted nominal interest | 25.50% |
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 | Processing Fee |
% of loan amount - min | 1.00% |
% of loan amount - max | 1.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Term Life Insurance |
% of loan amount - min | 1.46% |
% of loan amount - max | 1.46% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
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? | Yes |
Percentage of fees | 12.4% |
All or some fees taxed | Some |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | INR 12,000 | INR 12,000 | INR 12,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-02-28 | 2013-02-28 | 2013-02-28 | ||
Loan Term (Months) | 24.0 months | 24.0 months | 17.0 months | ||
Grace Period (Months) | 0.1 months | 0.1 months | 0.0 months | ||
Total Cost of Credit | INR 3,609.83 | INR 3,684.83 | INR 2,652.83 | ||
True Price by Comp | |||||
Interest price component | 25.1% | 25.0% | 25.3% | ||
Fee Component | 1.1% | 1.0% | 1.4% | ||
Insurance Component | 1.6% | 1.6% | 2.2% | ||
Tax Component | 0.1% | 0.1% | 0.2% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 27.9% | 27.7% | 29.1% | ||
MFIN MFI Earning (Annualised) | 26.2% | 26.0% | 26.7% | ||
MFIN Cost to Borrower (Annualised) | 27.9% | 27.7% | 29.1% | ||
Transparency Index | 91 | 92 | 88 | ||
MFIN Transparency Index | 100 | 100 | 100 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Institution Type | Bank |
Is this institution regulated? | Yes |
Website address | N/A |
Year established | 1992 |
Head of Institution | Hàseynov Faiq Arif oÄlu |
Regions active | Absheron, Ganja-Qazakh, Shaki-Zaqatala, Lankaran-Astara, Quba-Khachmaz, Orta Kur |
# Branches | 25 |
Total Portfolio (nat'l) | AZN 346,074,466 |
Total Portfolio (USD) | USD 443,685,212.80 |
Active clients with loans | 39,120 |
Approximate % female clients | 0% - 20% |
Approximate % urban clients | 40% - 60% |
Network affiliations | |
Funders |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mikrokredit (AZM) | AZN 200 - 20,000 | 2 - 24 | 20% - 40% | 40% - 60% | Business, Housing, Consumer, Education, Other, Knd tsrràfatÄnÄn inkiÅafÄ | Women, Men, Have business | Business Training |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mikrokredit (AZM) | 23.0%-36.0% annual, Decl Bal | 2 Fees | 0 | None | N/A | 32.2% - 43.6% | 32.2% - 43.6% | 60 |
Key Statistics | |
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# Products | |
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# 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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