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. CEV
Please note that the information you are viewing is 152 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
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Institution

Community Economic Ventures, Inc. Sarabia-Co-Torralba Bldg. 2 , Espeulas St.Tagbilaran, Bohol6300
Data approved: 2011-11-15
Data version: 1
Age of data: 152 months

Product

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

Product

BABE Loan Product 2 of 4 « Prev | Next »

Product Summary

Number borrowers61,742
Loan Amount (range)AZN 100 - 8,000
Loan Term (range)3 - 36
Other Services (text summary)
Annual Interest & Method24.5%-40.0% annual, Decl Bal
Fees2.00%-3.00% 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)27.9% - 43.0%
Transparency Index (min/max)57 - 94
Transparency Index (average)70

Product Summary

100
PHP 10,000 - 10,000
3 - 5
Credit Educ, Group Mtgs
30.0% annual, Flat
4.00% upfront
340.00 upfront
None
20.0% upfront 200.00 ongoing
 
N/A
44.7% (Int+Fee)
0.9% - 44.8%
0.0% - 0
71.1%
15 - 49
42

Product Details

Key Statistics
Outstanding portfolio (AZN)AZN 58,950,239
Portfolio (USD)USD 75,577,229.49
Active Clients with Loans61,742
Approximate % Female Clients20% - 40%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Rural producers engaged in crop planting, animal husbandry, market gardening, dairy production, other processing activities, households and trade of rural products.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculturex
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 (PHP)PHP 640,000
Portfolio (USD)USD 15,311
Active Clients with Loans100
Approximate % Female Clients60% - 80%
Approximate % Urban Clients20% - 40%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
The loan is for agricultural micro-entrepreneurs and farmers from ABK-assisted areas of World Vision Devt. Foundation providing financial assistance for Hog Fattening, Sow and Boar, Feeds and Supplements.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculturex
Education
Other household finance
OtherHog-raising
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurance
Workplace visits
Business training
Other training
Other
Other (2)
No other services
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 institutionN/A
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyAZN
Minimum loan sizeAZN 100
Maximum loan size8,000
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 term3.0 months
Longest loan term36.0 months
Approx average14.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months60%
Between 13 and 18 months40%
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

Loan Conditions

Loan Amount
CurrencyPHP
Minimum loan sizePHP 10,000
Maximum loan size10,000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term5.0 months
Approx average4.0 months
Grace Period
Grace period usage100%
Average grace period1.0 month
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 interest24.50%
Highest quoted nominal interest40.00%
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

Pricing Information

Interest
Lowest quoted nominal interest2.50%
Highest quoted nominal interest2.50%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionLoan Fee
% of loan amount - min4.00%
% of loan amount - max4.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionTASAKA
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min340
Fixed amount - max340
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?Yes
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited20.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount depositedPHP 200
Conditions on access to depositAccess During
Interest Paid on Deposit
Minimum interest rate paid3.00%
Maximum interest rate paid3.00%
Interest payment frequencyAnnually
Taxes
Are taxes charged on this product?No
Additional Comments
A pre-CBU of Php 2 is required on the first loan cycle and a minimum of Php 5 CBU is required. Maintaining balance is 2% of the loan amount. For World Vision Development Foundation-Area Development Project (ADP) served clients, of the Php 5, Php 3 would be the CBU and Php 2 for educational fund.

Full Pricing Data

Individual Rural Loan (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 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 PDF PDF
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 - PDF
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 PDF PDF
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 - PDF
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 - PDF
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 - PDF
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 - PDF
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 - PDF
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 - PDF
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 - PDF

Full Pricing Data

BABE Loan samples
Sample 1Sample 2Sample 3
Loan AmountPHP 10,740PHP 10,740PHP 10,740
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2011-06-062011-06-062011-06-06
Loan Term (Months)4.0 months4.0 months4.0 months
Grace Period (Months)0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot Known
True Price by Comp     
Interest and Fee Component44.7%44.7%44.7%
Insurance Component12.2%12.2%12.2%
Tax Component0.0%0.0%0.0%
Deposit Component14.1%14.1%14.1%
Full APR (int fee ins tax dep)71.1%71.1%71.1%
Transparency Index424242
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
Individual Rural Loan (AZN) Price Graphs


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BABE Loan 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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