Number borrowers | 57 |
Loan Amount (range) | KES 12,745 - 12,745 |
Loan Term (range) | 3 - 12 |
Other Services (text summary) | Credit Educ, Group Mtgs, Business Training, Other Training, Leadership Training |
Annual Interest & Method | 18.5% annual, Flat |
Fees | 400.00-0.00 upfront |
Insurance | 1.50% upfront |
Tax | None |
Comp Dep | 10.0%-15.0% upfront 100.00 ongoing |
Range of pricing | |
Interest Price Component | 33.6% - 40.3% |
Fee Component | 0 - 10.6% |
Insurance Component | 0 - 4.1% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 68.6% |
Transparency Index (min/max) | 24 - 56 |
Transparency Index (average) | 31 |
61,742 |
AZN 100 - 8,000 |
3 - 36 |
24.5%-40.0% annual, Decl Bal |
2.00%-3.00% upfront |
None |
None |
N/A |
21.8% - 38.4% |
1.5% - 7.1% |
0 |
0 |
27.9% - 43.0% |
57 - 94 |
70 |
Outstanding portfolio (KES) | KES 276,315.17 |
Portfolio (USD) | USD 3,337.14 |
Active Clients with Loans | 57 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 40% - 60% |
Any purpose | |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | x |
Other | |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | |
Workplace visits | |
Business training | x |
Other training | x |
Other | Leadership Training |
Other (2) | |
No other services |
Men | x |
Women | x |
Must run a business | |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | x |
Other | |
Other (2) |
Outstanding portfolio (AZN) | AZN 58,950,239 |
Portfolio (USD) | USD 75,577,229.49 |
Active Clients with Loans | 61,742 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 0% - 20% |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | x |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | |
Group meetings | |
Credit insurance | |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services | x |
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) |
# Regions for this institution | 8 |
# Regions for this product | 8 |
Regions Active | Absheron, Ganja-Qazakh, Shaki-Zaqatala, Lankaran-Astara, Quba-Khachmaz, Orta Kur, Daglig-Shirvan, Nakhichevan |
Currency | KES |
Minimum loan size | KES 12,745 |
Maximum loan size | 12,745 |
Loans less than KES 50,000 | 100% |
KES 50,000-150,000 | 0 |
KES 150,000-250,000 | 0 |
KES 250,000-350,000 | 0 |
KES 350,000-450,000 | 0 |
Greater than KES 450,000 | 0 |
Shortest loan term | 3.0 months |
Longest loan term | 12.0 months |
Approx average | 6.0 months |
Loans 3 months or less | 5% |
Between 4 and 6 months | 15% |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 80% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 100% |
Average grace period | 1.0 month |
Daily | |
Weekly | |
Every 2 weeks | x |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Currency | AZN |
Minimum loan size | AZN 100 |
Maximum loan size | 8,000 |
Loans less than AZN 1,000 | 40% |
AZN 1,000-5,000 | 60% |
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 | 36.0 months |
Approx average | 14.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 60% |
Between 13 and 18 months | 40% |
Longer than 18 months | 0 |
Grace period usage | 10% |
Average grace period | 3.0 months |
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 |
Lowest quoted nominal interest | 18.50% |
Highest quoted nominal interest | 18.50% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Application Fee |
% of loan amount - min | 0 |
% of loan amount - max | 1.00% |
OR, Fixed amount - min | 400 |
Fixed amount - max | 0 |
Reason for variation | KES 400 Minimum |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Emergency Fund |
% of loan amount - min | 1.50% |
% of loan amount - max | 1.50% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Required for | All |
Criteria | Rural loans <30,000 KES =15%. Loans >30,000 KES = 10%. Urban loans <100,000 KES = 15%. Loans >100,000 KES = 10% |
Is deposit indicated on the repayment schedule? | No |
Do borrowers control deposit in their group? | Yes |
% loan amount deposited | 10.00% - 15.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | KES 100 |
Conditions on access to deposit | Access During |
Minimum interest rate paid | 2.00% |
Maximum interest rate paid | 4.00% |
Interest payment frequency | Annually |
Are taxes charged on this product? | No |
Lowest quoted nominal interest | 24.50% |
Highest quoted nominal interest | 40.00% |
Reason(s) why interest rate varies | Branch, Loan Size |
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 | 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 | The 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 |
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? | No |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | KES 12,745 | KES 12,745 | KES 12,745 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-08-28 | 2013-07-04 | 2013-08-28 | ||
Loan Term (Months) | 12.0 months | 12.0 months | 12.0 months | ||
Grace Period (Months) | 0.5 months | 0.5 months | 0.5 months | ||
Total Cost of Credit | KES 2,948.94 | KES 2,948.94 | KES 2,948.94 | ||
True Price by Comp | |||||
Interest price component | 33.6% | 33.6% | 33.6% | ||
Fee Component | 6.4% | 6.4% | 6.4% | ||
Insurance Component | 3.2% | 3.2% | 3.2% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 25.4% | 25.4% | 25.4% | ||
Full APR (int fee ins tax dep) | 68.6% | 68.6% | 68.6% | ||
Transparency Index | 31 | 31 | 31 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
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 10,000 | Real | 2014-10-01 | 24.4 months | N/A | AZN 3,897 | 34.3% | 31.0% | 3.3% | 0.0% | 0.0% | 0.0% | 71 | ||
AZN 10,000 | Generated | 2014-10-01 | 24.3 months | 0.0 months | AZN 3,814.64 | 33.9% | 30.6% | 3.3% | 0.0% | 0.0% | 0.0% | 72 | - | |
AZN 5,000 | Real | 2014-06-06 | 12.2 months | N/A | AZN 1,225 | 43.0% | 37.0% | 6.0% | 0.0% | 0.0% | 0.0% | 86 | ||
AZN 5,000 | Generated | 2014-10-01 | 12.1 months | 0.0 months | AZN 1,142.69 | 40.5% | 36.5% | 4.0% | 0.0% | 0.0% | 0.0% | 61 | - | |
AZN 100 | Generated | 2014-10-01 | 12.1 months | 0.0 months | AZN 19.91 | 35.6% | 31.6% | 4.0% | 0.0% | 0.0% | 0.0% | 69 | - | |
AZN 115 | Generated | 2014-10-01 | 24.3 months | 0.0 months | AZN 49.88 | 37.7% | 35.5% | 2.2% | 0.0% | 0.0% | 0.0% | 65 | - | |
AZN 720 | Generated | 2014-10-01 | 12.1 months | 0.0 months | AZN 139.15 | 34.6% | 30.6% | 4.0% | 0.0% | 0.0% | 0.0% | 71 | - | |
AZN 960 | Generated | 2014-10-01 | 12.1 months | 0.0 months | AZN 225.09 | 41.5% | 37.4% | 4.1% | 0.0% | 0.0% | 0.0% | 59 | - | |
AZN 2,400 | Generated | 2014-10-01 | 12.1 months | 0.0 months | AZN 577 | 42.4% | 38.4% | 4.0% | 0.0% | 0.0% | 0.0% | 58 | - | |
AZN 2,760 | Generated | 2014-10-01 | 24.3 months | 0.0 months | AZN 857.46 | 27.9% | 25.7% | 2.2% | 0.0% | 0.0% | 0.0% | 88 | - |
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 |
Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
---|---|---|---|---|---|---|---|