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Institution
Data approved: 1900-01-00
Data version: 1
Age of data: 124 months
Description
This loan product is for micro-entrepreneurs who are engaged into micro-business regardless of classification either trade, service or manufacturing.
Any purpose Income generation x Mortgage/housing Consumer loan Agriculture Education Other household finance Other Other (2)
Credit education Group meetings Credit insurance Workplace visits Business training x Other training x 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)
Portfolio Size by Product
Geographic Coverage
# Regions for this institution 2 # Regions for this product 2 Regions Active Ganja-Qazakh, Shaki-Zaqatala
Loan Conditions
Currency AZN Minimum loan size AZN 300 Maximum loan size 3,000
Loans less than AZN 1,000 60% AZN 1,000-5,000 40% 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 3.0 months Longest loan term 18.0 months Approx average 11.0 months
Loans 3 months or less 0 Between 4 and 6 months 10% Between 7 and 9 months 20% Between 10 and 12 months 50% Between 13 and 18 months 20% Longer than 18 months 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
Pricing Information
Interest
Lowest quoted nominal interest 2.40% Highest quoted nominal interest 2.90% Reason(s) why interest rate varies Branch, Time as Client, Loan Size, Loan Purpose Interest rate period Monthly Interest Rate Calculation Method Decl Bal Subsidized by funder request? No Is rate fixed for entire loan term Yes
Upfront Fees Fee 1 Description Commission fee % of loan amount - min 2.00% % of loan amount - max 3.00% OR, Fixed amount - min 0 Fixed amount - max 0 Reason for variation N/A Appears on Repayment Sched? Yes
Ongoing Fees This product has no ongoing fees Upfront Insurance Fees Ins 1 Description Insurance 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
Ongoing Insurance Fees This product has no ongoing insurance fees
Required for Never Criteria N/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 deposited N/A or, Fixed-amount deposited N/A
Deposits DURING period payments
% loan amount deposited N/A or, Fixed-amount deposited N/A Conditions on access to deposit N/A
Interest Paid on Deposit
Minimum interest rate paid N/A Maximum interest rate paid N/A Interest payment frequency N/A
Taxes
Are taxes charged on this product? No
Additional Comments
Viator provides Micro-Business Loan soft (AZN) with interest rate 2.4% for clients who are already in the 10th cycle and for clients who have finished 2 business courses training of the FINLED (Financial Literacy and Education) program provided by Viator HRDP Department. For those clients who avail loan less than 2,000 AZN Viator shoulders the Credit BUreau Fee of 1 AZN.
Micro-Business Loan Price Graphs
0 100 Pricing Transparency Index Regulated Inst. Not Regulated Inst. NBFI Institution Type Business Loan Purpose Viator Institution AZ-012-V01-P02 Product AZ Country 1899 Year Range Number 1 Institution Data Version 0 500 1,000 1,500 2,000 Loan Size (all) 0% 10% 20% 30% 40% Full APR (int fee ins tax dep) > 200 100 10 Number of Borrowers
