2. FINCA
Please note that the information you are viewing is 114 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. FINCA
Please note that the information you are viewing is 114 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: 114 months
Choose version

Institution

FINCA J. Jabbarli str. 44Baku, AzerbaijanAZ 1065
Data approved: 2014-10-10
Data version: 3
Age of data: 114 months
Choose version

Product

SME Loan (USD) Product 4 of 12 « Prev | Next »

Product

Rural Loan Product (AZN) Product 8 of 12 « Prev | Next »

Product Summary

Number borrowers111
Loan Amount (range)USD 5,000 - 100,000
Loan Term (range)3 - 60
Other Services (text summary)
Annual Interest & Method20.0%-23.0% annual, Decl Bal
Fees1.00%-2.00% upfront
InsuranceNone
TaxNone
Comp DepN/A
Range of pricing 
Interest Price Component21.8% - 38.4%
Fee Component1.5% - 7.1%
Insurance Component0
Tax Component Range0
Full APR (int fee ins tax dep)24.9% - 25.7%
Transparency Index (min/max)57 - 94
Transparency Index (average)78

Product Summary

33,876
AZN 50 - 2,400
6 - 24
24.5%-37.0% annual, Decl Bal
2.00%-3.00% upfront
None
None
N/A
 
21.8% - 38.4%
1.5% - 7.1%
0
0
28.9% - 42.6%
57 - 94
70

Product Details

Key Statistics
Outstanding portfolio (USD)USD 3,922,617.95
Portfolio (USD)USD 3,922,617.95
Active Clients with Loans111
Approximate % Female Clients0% - 20%
Approximate % Urban Clients60% - 80%
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

Product Details

Key Statistics
Outstanding portfolio (AZN)AZN 27,307,579
Portfolio (USD)USD 35,009,716.67
Active Clients with Loans33,876
Approximate % Female Clients20% - 40%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
A loan for group borrowers living in rural areas and engaged in trade activities and household business.
Loan Purpose
Any purpose
Income generationx
Mortgage/housingx
Consumer loanx
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
CurrencyUSD
Minimum loan sizeUSD 5,000
Maximum loan size100,000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term60.0 months
Approx average30.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months5%
Between 13 and 18 months5%
Longer than 18 months90%
Grace Period
Grace period usage0
Average grace period0
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

Loan Conditions

Loan Amount
CurrencyAZN
Minimum loan sizeAZN 50
Maximum loan size2,400
Distribution at Disbursement (Est.)
Loans less than AZN 1,00040%
AZN 1,000-5,00060%
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 term6.0 months
Longest loan term24.0 months
Approx average15.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months40%
Between 13 and 18 months60%
Longer than 18 months0
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 interest20.00%
Highest quoted nominal interest23.00%
Reason(s) why interest rate variesLoan 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 - min1.00%
% of loan amount - max2.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation2% upto the Loan amount $25,000 and 1% for the loan amount more than $25,000
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

Pricing Information

Interest
Lowest quoted nominal interest24.50%
Highest quoted nominal interest37.00%
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 variationThe 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
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

SME Loan (USD) samples
Loan Amount
Type of Sample
Disbursement Date
Loan Term (Months)
Grace Period (Months)
Total Cost of Credit
Full APR (int fee ins tax dep)
True Price by Component
Transparency Index
Original Repayment Schedule
MFT Pricing Calculation
Interest price component
Fee Component
Insurance Component
Tax Component
Deposit Component
USD 20,000 Generated 2014-11-01 12.0 months N/A USD 2,854.01 25.7% 21.8% 3.9% 0.0% 0.0% 0.0% 78 - PDF
USD 38,000 Generated 2014-11-01 12.0 months N/A USD 5,422.62 25.7% 21.8% 3.9% 0.0% 0.0% 0.0% 78 - PDF
USD 52,000 Generated 2014-11-01 18.0 months N/A USD 10,995.29 25.5% 22.8% 2.7% 0.0% 0.0% 0.0% 78 - PDF
USD 69,000 Generated 2014-11-01 24.0 months N/A USD 19,085.38 24.9% 22.8% 2.1% 0.0% 0.0% 0.0% 80 - PDF

Full Pricing Data

Rural Loan Product (AZN) samples
Loan Amount
Type of Sample
Disbursement Date
Loan Term (Months)
Grace Period (Months)
Total Cost of Credit
Full APR (int fee ins tax dep)
True Price by Component
Transparency Index
Original Repayment Schedule
MFT Pricing Calculation
Interest price component
Fee Component
Insurance Component
Tax Component
Deposit Component
AZN 50 Generated 2014-10-01 10.0 months 0.0 months AZN 6.69 28.9% 24.3% 4.6% 0.0% 0.0% 0.0% 85 - PDF
AZN 50 Generated 2014-10-01 10.0 months 0.0 months AZN 9.72 41.2% 36.5% 4.7% 0.0% 0.0% 0.0% 60 - PDF
AZN 57.50 Generated 2014-10-01 10.0 months 0.0 months AZN 11.47 42.6% 35.5% 7.1% 0.0% 0.0% 0.0% 58 - PDF
AZN 500 Generated 2014-10-01 14.1 months 0.0 months AZN 124.70 38.0% 34.5% 3.5% 0.0% 0.0% 0.0% 64 - PDF
AZN 750 Generated 2014-10-01 16.1 months 0.0 months AZN 195.69 35.3% 30.6% 4.7% 0.0% 0.0% 0.0% 69 - PDF
AZN 890 Generated 2014-10-01 12.1 months 0.0 months AZN 186.11 37.6% 31.6% 6.0% 0.0% 0.0% 0.0% 65 - PDF
AZN 1,000 Generated 2014-10-01 18.1 months 0.0 months AZN 262.59 31.4% 28.7% 2.7% 0.0% 0.0% 0.0% 78 - PDF
AZN 1,500 Generated 2014-10-01 12.1 months 0.0 months AZN 270.09 32.7% 26.7% 6.0% 0.0% 0.0% 0.0% 75 - PDF
AZN 2,400 Generated 2014-10-01 18.1 months 0.0 months AZN 651.57 32.4% 29.6% 2.8% 0.0% 0.0% 0.0% 76 - PDF
SME Loan (USD) Price Graphs


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Rural Loan Product (AZN) Price Graphs


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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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X Axis
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Total Borrrowers of Samples
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By Country

Total Borrowers of Samples

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