| Outstanding portfolio (MAD) | MAD 2,526,657 |
| Portfolio (USD) | USD 297,253.76 |
| Active Clients with Loans | 1,774 |
| Approximate % Female Clients | 0 |
| 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 | |
| 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 | 2 |
| # Regions for this product | 2 |
| Regions Active | Beni Mellal-Khenifra, Drâa-Tafilalt |
| Currency | MAD |
| Minimum loan size | MAD 1,000 |
| Maximum loan size | 5,000 |
| Loans less than MAD 5,000 | 100% |
| MAD 5,000-15,000 | 0 |
| MAD 15,000-25,000 | 0 |
| MAD 25,000-35,000 | 0 |
| MAD 35,000-45,000 | 0 |
| Greater than MAD 45,000 | 0 |
| Shortest loan term | 4.0 months |
| Longest loan term | 12.0 months |
| Approx average | 8.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 20% |
| Between 10 and 12 months | 80% |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| Grace period usage | 0 |
| Average grace period | 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 |
| Lowest quoted nominal interest | 1.80% |
| Highest quoted nominal interest | 1.80% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Frais de dossier |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 15 |
| Fixed amount - max | 15 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | Yes |
| Required for | All |
| Criteria | 1% deposit required for loans < MAD 2000 ; 1,5 % for other loans. |
| Is deposit indicated on the repayment schedule? | Yes |
| Do borrowers control deposit in their group? | Yes |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 1.00% - 1.50% |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | End Term |
| 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 | MAD 1,000 | MAD 2,000 | MAD 5,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2013-04-04 | 2013-02-14 | 2013-06-06 | ||
| Loan Term (Months) | 12.0 months | 12.0 months | 12.0 months | ||
| Grace Period (Months) | 0.0 months | -0.1 months | 0.0 months | ||
| Total Cost of Credit | MAD 231 | MAD 447 | MAD 1,095 | ||
| True Price by Comp | |||||
| Interest price component | 37.1% | 37.5% | 37.1% | ||
| Fee Component | 3.0% | 1.5% | 0.6% | ||
| Insurance Component | 0.0% | 0.0% | 0.0% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 3.6% | 5.5% | 5.3% | ||
| Full APR (int fee ins tax dep) | 43.7% | 44.5% | 43.0% | ||
| Transparency Index | 49 | 48 | 50 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Institution Type | Non Bank Financial Institution |
| Is this institution regulated? | Yes |
| Website address | http://www.fincaazerbaijan.com/ |
| Year established | 1998 |
| Head of Institution | Timothy Tarrant |
| Regions active | Absheron, Ganja-Qazakh, Shaki-Zaqatala, Lankaran-Astara, Quba-Khachmaz, Orta Kur, Daglig-Shirvan, Nakhichevan |
| # Branches | 65 |
| Total Portfolio (nat'l) | AZN 182,019,860 |
| Total Portfolio (USD) | USD 233,358,794.90 |
| Active clients with loans | 153,070 |
| Approximate % female clients | 20% - 40% |
| Approximate % urban clients | 20% - 40% |
| Network affiliations | FINCA International |
| Funders | ResponsiAbility, PASHA Bank, Triodos, EBRD |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Solidarity Credit Group (USD) | USD 50 - 3,000 | 4 - 18 | 20% - 40% | 60% - 80% | Any Purpose | Women, Men, Have business | ||||||||
| Rural loan Product (USD) | USD 50 - 3,000 | 6 - 18 | 40% - 60% | 0% - 20% | Business, Housing, Consumer | Women, Men, Have business, Must have two active cash streams | ||||||||
| Express Loan (USD) | USD 100 - 25,000 | 3 - 36 | 0% - 20% | 40% - 60% | Business | Women, Men, Have business | ||||||||
| SME Loan (USD) | USD 5,000 - 100,000 | 3 - 60 | 0% - 20% | 60% - 80% | Business | Women, Men, Have business | ||||||||
| Individual Rural Loan (USD) | USD 100 - 10,000 | 6 - 24 | 20% - 40% | 0% - 20% | Business, Agriculture | Women, Men, Have business | ||||||||
| Solidarity Credit Group (AZN) | AZN 50 - 2,400 | 4 - 18 | 40% - 60% | 60% - 80% | Business, Housing, Consumer | Women, Men, Have business, Have home or land | ||||||||
| Rural Loan Product (AZN) | AZN 50 - 2,400 | 6 - 24 | 20% - 40% | 0% - 20% | Business, Housing, Consumer | Women, Men, Have business | ||||||||
| Express Loan (AZN) | AZN 100 - 20,000 | 3 - 36 | 0% - 20% | 40% - 60% | Business | Women, Men, Have business | ||||||||
| Agriculture loan (AZN) | AZN 1,000 - 16,000 | 3 - 24 | 0% - 20% | 0% - 20% | Business, Agriculture | Women, Men, Have business | ||||||||
| Individual Rural Loan (AZN) | AZN 100 - 8,000 | 3 - 36 | 20% - 40% | 0% - 20% | Business, Agriculture | Women, Men, Have business | ||||||||
| Agriculture Loan (USD) | USD 100 - 20,000 | 3 - 24 | 0% - 20% | 0% - 20% | Agriculture | Women, Men, Have business | ||||||||
| SME Loan (AZN) | AZN 4,000 - 80,000 | 3 - 60 | 0% - 20% | 40% - 60% | Business | Women, Men, Have business |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Solidarity Credit Group (USD) | 29.0%-32.0% annual, Decl Bal | 1 Fee | 0 Ins | None | N/A | 33.6% - 35.5% | 33.6% - 35.5% | 84 | ||||||||
| Rural loan Product (USD) | 29.0%-34.0% annual, Decl Bal | 1 Fee | 0 Ins | None | N/A | 38.5% | 38.5% | 75 | ||||||||
| Express Loan (USD) | 24.0%-32.0% annual, Decl Bal | 1 Fee | 0 Ins | None | N/A | 29.4% - 34.3% | 29.4% - 34.3% | 74 | ||||||||
| SME Loan (USD) | 20.0%-23.0% annual, Decl Bal | 1 Fee | 0 Ins | None | N/A | 24.9% - 25.7% | 24.9% - 25.7% | 78 | ||||||||
| Individual Rural Loan (USD) | 26.0%-37.0% annual, Decl Bal | 1 Fee | 0 Ins | None | N/A | 32.6% - 40.7% | 32.6% - 40.7% | 71 | ||||||||
| Solidarity Credit Group (AZN) | 26.5%-36.0% annual, Decl Bal | 1 Fee | 0 Ins | None | N/A | 30.9% - 40.2% | 30.9% - 40.2% | 77 | ||||||||
| Rural Loan Product (AZN) | 24.5%-37.0% annual, Decl Bal | 1 Fee | 0 Ins | None | N/A | 28.9% - 42.6% | 28.9% - 42.6% | 70 | ||||||||
| Express Loan (AZN) | 23.0%-35.0% annual, Decl Bal | 1 Fee | 0 Ins | None | N/A | 28.7% - 40.6% | 28.7% - 40.6% | 67 | ||||||||
| Agriculture loan (AZN) | 34.0%-38.0% annual, Decl Bal | 1 Fee | 0 Ins | None | N/A | 36.3% - 41% | 36.3% - 41% | 85 | ||||||||
| Individual Rural Loan (AZN) | 24.5%-40.0% annual, Decl Bal | 1 Fee | 0 Ins | None | N/A | 27.9% - 43% | 27.9% - 43% | 70 | ||||||||
| Agriculture Loan (USD) | 34.0%-38.0% annual, Decl Bal | 1 Fee | 0 Ins | None | N/A | 0% | 0% | N/A | ||||||||
| SME Loan (AZN) | 20.0%-23.0% annual, Decl Bal | 1 Fee | 0 Ins | None | N/A | 0% | 0% | N/A |
| 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 |
|---|---|---|---|---|---|---|---|
