Notice: MFTransparency is now a defunct organization. Click here for further information.

Transparent Pricing In Azerbaijan

Please note that MFTransparency is no longer collecting new pricing data. The data displayed for this country is for historical purposes only and does not represent current products or prices in the country. Note that the age of the information for each MFI is indicated in the table below.

The Transparent Pricing Initiative in Azerbaijan has published standardized pricing data from 11 institutions, representing nearly half a million active borrowers. Launched in 2009 the Initiative was delivered in partnership with the Azerbaijan Microfinance Association (AMFA) and sponsored by KfW. The Initiative was instrumental in instigating awareness and commitments towards responsible finance and pricing transparency among the industry actors. 

Microfinance in Azerbaijan Truth-in-Lending Legislation Azerbaijan Price Graph

The Price Graph for the Azerbaijan microfinance market is relatively shallow with APR (int+fee+ins) ranging between 24% and 53%.

Microloan Products offered in AZN0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.BankNBFIInstitution TypeAnyBusinessMultipleLoan PurposeAccessBankBank of BakuCaspian InvestDemirBankFINCAParabankTuranbankInstitutionAZ-001-V02-P01AZ-001-V02-P03AZ-002-V01-P02AZ-002-V01-P03AZ-002-V01-P04AZ-005-V03-P07AZ-005-V03-P08AZ-005-V03-P09AZ-005-V03-P10AZ-005-V03-P12AZ-007-V01-P01AZ-008-V02-P01AZ-008-V02-P02AZ-008-V02-P03AZ-009-V01-P01AZ-009-V01-P02AZ-009-V01-P03AZ-009-V01-P04AZ-009-V01-P05AZ-013-V01-P01AZ-013-V01-P02ProductAZCountry201020122014YearRange Number123Institution Data Version010,00020,00030,00040,00050,00060,000Loan Size (all)0%20%40%60%80%Full APR (int fee ins tax dep)> 22,00016,00011,0005,500600Number of Borrowers** Note: not all bubble sizes in this graph represent number of borrowers, as some samples do not have this data available. These bubbles are shown as a uniform small size. The pop-up text on each bubble will indicate the product scale and the sample scale.
Microloan Products offered in USD0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.BankNBFIInstitution TypeAnyBusinessMultipleLoan PurposeAccessBankBank of BakuFINCAUnibankInstitutionAZ-001-V02-P02AZ-001-V02-P04AZ-002-V01-P01AZ-005-V03-P01AZ-005-V03-P02AZ-005-V03-P03AZ-005-V03-P04AZ-005-V03-P06AZ-010-V02-P01ProductAZCountry2010201120122014YearRange Number123Institution Data Version020,00040,00060,000Loan Size (USD)0%20%40%60%80%Full APR (int fee ins tax dep)> 3,0002,2001,50070080Number of Borrowers** Note: not all bubble sizes in this graph represent number of borrowers, as some samples do not have this data available. These bubbles are shown as a uniform small size. The pop-up text on each bubble will indicate the product scale and the sample scale.

The vast majority of financial institutions included in the dataset calculate their interest rates using the declining balance method. Many of the institutions analyzed could improve their level of transparency when communicating their prices to clients by disclosing fees and charges on the client repayment schedules. Non-disclosure of fees impedes the ability of borrowers to compare products or to make informed choices about loan products.

Azerbaijan Institutions

Institution# BorrowersPortfolio (US$)ProductsTransp. IndexParticipating SinceAge of Data
AccessBank82,400199,224,0004722010-May182 mos.
Bank of Baku59,500123,214,0004702010-May182 mos.
CredAgro22,006N/A4N/A2009-10163 mos.
DemirBank14,10025,597,0002712014-Sep127 mos.
FINCA154,600233,358,00012702010-May127 mos.
Caspian Invest1,100695,0001N/A2012-05158 mos.
Parabank10,30037,235,0003762010-May182 mos.
Turanbank2,600326,0005892010-May182 mos.
Unibank80064,0001602010-May182 mos.
AzerCredit30,137N/A9N/A2009-10182 mos.
Viator19,50020,468,0008802014-May125 mos.
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
Loading...
X Axis
Greater than:
Less or equal to:
N (# of Samples)
Total Borrrowers of Samples
Avg
Min
Max
Std Dev
By Inst Type
By Country

Total Borrowers of Samples

X Axis
Greater than:
Less or equal to:
From 0 to
to
to
to