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

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

Express Loan (AZN) Product 9 of 12 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (AZN)AZN 46,933,189
Portfolio (USD)USD 60,170,755.13
Active Clients with Loans34,913
Approximate % Female Clients0% - 20%
Approximate % Urban Clients40% - 60%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Available to entrepreneurs engaged in trade, manufacturing or service industries.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
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
CurrencyAZN
Minimum loan sizeAZN 100
Maximum loan size20,000
Distribution at Disbursement (Est.)
Loans less than AZN 1,00030%
AZN 1,000-5,00070%
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 term3.0 months
Longest loan term36.0 months
Approx average15.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months5%
Between 10 and 12 months50%
Between 13 and 18 months30%
Longer than 18 months15%
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 interest23.00%
Highest quoted nominal interest35.00%
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 variationCommission varies with loan amount. 2% applied on loan amount AZN 4000 and above, 3% on less than AZN 4000. 2% commission flat fee is applicable for Nakhchivan only
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

Express Loan (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 100 Generated 2014-10-01 12.1 months 0.0 months AZN 15.71 28.7% 22.8% 5.9% 0.0% 0.0% 0.0% 80 - PDF
AZN 100 Generated 2014-10-01 12.1 months 0.0 months AZN 22.67 40.6% 34.5% 6.1% 0.0% 0.0% 0.0% 57 - PDF
AZN 115 Generated 2014-10-01 18.1 months 0.0 months AZN 33.40 34.8% 30.6% 4.2% 0.0% 0.0% 0.0% 66 - PDF
AZN 115 Generated 2014-10-01 10.0 months 0.0 months AZN 17.37 32.7% 25.7% 7.0% 0.0% 0.0% 0.0% 70 - PDF
AZN 2,040 Generated 2014-10-01 12.1 months 0.0 months AZN 430.10 37.5% 33.5% 4.0% 0.0% 0.0% 0.0% 61 - PDF
AZN 720 Generated 2014-10-01 12.1 months 0.0 months AZN 126.60 31.7% 27.7% 4.0% 0.0% 0.0% 0.0% 73 - PDF
AZN 2,400 Generated 2014-10-01 18.1 months 0.0 months AZN 675.57 33.8% 29.6% 4.2% 0.0% 0.0% 0.0% 68 - PDF
AZN 960 Generated 2014-10-01 18.1 months 0.0 months AZN 304.73 37.8% 33.5% 4.3% 0.0% 0.0% 0.0% 61 - PDF
AZN 2,760 Generated 2014-10-01 36.4 months 0.0 months AZN 1,668.55 34.1% 32.6% 1.5% 0.0% 0.0% 0.0% 67 - PDF
AZN 1,300 Generated 2014-10-01 14.1 months 0.0 months AZN 270.68 32.1% 28.7% 3.4% 0.0% 0.0% 0.0% 72 - PDF
AZN 1,500 Generated 2014-10-01 18.1 months 0.0 months AZN 434.08 34.4% 31.6% 2.8% 0.0% 0.0% 0.0% 67 - PDF
AZN 2,400 Generated 2014-10-01 12.1 months 0.0 months AZN 449.86 33.6% 29.6% 4.0% 0.0% 0.0% 0.0% 68 - PDF
AZN 2,760 Generated 2014-10-01 14.1 months 0.0 months AZN 650.24 36.1% 32.6% 3.5% 0.0% 0.0% 0.0% 64 - PDF
Express Loan (AZN) Price Graphs
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.NBFIInstitution TypeBusinessLoan PurposeFINCAInstitutionAZ-005-V03-P09ProductAZCountry2014YearRange Number3Institution Data Version05001,0001,5002,0002,5003,000Loan Size (all)0%10%20%30%40%Full APR (int fee ins tax dep)> 12,0009,1006,1003,000300Number of Borrowers
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  2. Finamerica
Please note that the information you are viewing is 171 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Finamerica Calle 16 # 6-66 piso 4Bogotá, Cundinamarca
Data approved: 2011-03-15
Data version: 1
Age of data: 171 months

Institution Details

Institution TypeNon-Governmental Organization
Is this institution regulated?No
Website addresshttp://www.finamerica.com.co/
Year established1997
Head of InstitutionGregorio Alberto Mejia Solano
Regions active
# Branches43

Total Portfolio (nat'l)COP 183,819,000,000
Total Portfolio (USD)USD 100,999,450.50
Active clients with loans45,380
Approximate % female clients40% - 60%
Approximate % urban clients80% - 100%
Network affiliationsACCION INTERNACIONAL
FundersCaja de compensacion Familiar Colsubsdio, Caja de compensacion Familiar Cafam, Caja de compensacion Familiar Comfandi, Caja de compensacion Familiar Confenalco

Loan Products » Summary

Destino
2,505 Borrowers
USD 7,450,166.34 Portfolio
Active Product
Preferencial
6,585 Borrowers
USD 18,584,395.79 Portfolio
Active Product
Renovado
23,954 Borrowers
USD 55,023,076.92 Portfolio
Active Product
Pymes
955 Borrowers
USD 15,205,774.15 Portfolio
Active Product
Confianza
311 Borrowers
USD 94,508.40 Portfolio
Active Product
YA
5,198 Borrowers
USD 3,119,030.61 Portfolio
Active Product
Confianza
320 Borrowers
USD 59,881.76 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Consumo Libre Destino COP 300,000 - 65,000,000 12 - 59 40% - 60% 80% - 100% Any Purpose Women, Men, Have business, Salaried worker Other Training, Fidelizacion
Crédito preferencial ( Credipremium) COP 772,500 - 83,430,000 6 - 59 40% - 60% 80% - 100% Any Purpose Women, Men, Have business Other Training, Programa Afinidad ( tarjeta club finamigos)
Credito Individual Nuevo y Renovado COP 772,000 - 83,430,000 1 - 59 40% - 60% 80% - 100% Business, Capital de Trabajo Women, Men, Have business Credit Educ, Credit Ins, Programa Afinidad
Credito Pymes COP 12,440,000 - 300,000,000 6 - 59 20% - 40% 80% - 100% Business, Compra de mercancías, insumos, adquisición de maqu Women, Men, Have business, Personas Naturales y Jurídicas con activos entre $248 y $2.480 millones pertenecientes a los sectore Programa Afinidad (tarjeta club finamigos)
Grupo Solidario Confianza COP 200,000 - 2,000,000 3 - 12 40% - 60% 20% - 40% Business, Consumer, Capital de Trabajo Women, Men, Agrupacion de personas que tengan en comun, proyectos agropecuarios, agroindustriales, comerciales. Credit Educ, Other Training, Charlas de grupo , cobranza de creditos , charlas de ahorro.
Mi credito YA COP 400,000 - 2,400,000 6 - 12 40% - 60% 80% - 100% Business, Capital de Trabajo Women, Men, Have business, Personas sin experiencia crediticia Credit Ins, Other Training, programa de Fidelizacion clientes Club Finamigos
Micro confianza COP 200,000 - 700,000 3 - 6 40% - 60% 80% - 100% Business, Capital de Trabajo Women, Men, Have business, antigàŒedad del negocio de 18 meses y activos fijos inferiores a 500 SMLV Credit Ins, Other Training, programa de Fidelizacion clientes Club Finamigos

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Consumo Libre Destino 14.4%-28.7% annual, Decl Bal 2 Fees 1 Ins None N/A 23.9% - 24.8% 24.7% - 25.5% 57
Crédito preferencial ( Credipremium) 10.2%-28.7% annual, Decl Bal 2 Fees 1 Ins None N/A 14.6% - 28% 15.4% - 28.8% 45
Credito Individual Nuevo y Renovado 8.0%-29.6% annual, Decl Bal 2 Fees 1 Ins None N/A 41.2% - 44.3% 42% - 45.1% 18
Credito Pymes 20.9%-21.6% annual, Decl Bal 2 Fees 1 Ins None N/A 13.7% - 23.1% 14.5% - 23.8% 100
Grupo Solidario Confianza 18.7%-29.6% annual, Decl Bal 1 Fee 1 Ins None N/A 33.6% - 52.5% 34.2% - 53.3% 42
Mi credito YA 22.4%-29.9% annual, Decl Bal 1 Fee 1 Ins None N/A 50.6% - 52.9% 51.3% - 53.7% 43
Micro confianza 21.6%-29.6% annual, Decl Bal 1 Fee 1 Ins None N/A 33.9% - 53.2% 34.5% - 53.9% 48
Institution Price Graph
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.NGOInstitution TypeAnyBusinessMultipleLoan PurposeFinamericaInstitutionCO-017-V01-P01CO-017-V01-P02CO-017-V01-P03CO-017-V01-P04CO-017-V01-P05CO-017-V01-P06CO-017-V01-P07ProductCOCountry2011YearRange Number1Institution Data Version010,000,00020,000,00030,000,00040,000,000Loan Size (all)0%20%40%Full APR (int fee ins tax dep)> 4,7003,5002,3001,100100Number 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.
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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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