Outstanding portfolio (ZMW) | ZMW 22,650,672 |
Portfolio (USD) | USD 3,537,581.12 |
Active Clients with Loans | 12,425 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 60% - 80% |
Individual | |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | |
Group meetings | x |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services |
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) | Must be a member of a self selected solidarity group |
# Regions for this institution | 5 |
# Regions for this product | 5 |
Regions Active | Central Province, Copperbelt Province, Eastern Province, Northern Province, Southern Province |
Currency | ZMW |
Minimum loan size | ZMW 1,200 |
Maximum loan size | 15,000 |
Loans less than ZMW 500 | 0 |
ZMW 500-2,000 | 40% |
ZMW 2,000-3,250 | 20% |
ZMW 3,250-4,500 | 15% |
ZMW 4,500-6,000 | 10% |
Greater than ZMW 6,000 | 10% |
Shortest loan term | 6.0 months |
Longest loan term | 12.0 months |
Approx average | 9.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 50% |
Between 7 and 9 months | 40% |
Between 10 and 12 months | 10% |
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 | 4.33% |
Highest quoted nominal interest | 4.33% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Arrangement and Deposit Fee | Asset Inspection Fee | |
% of loan amount - min | 7.96% | 0 | |
% of loan amount - max | 8.00% | 0 | |
OR, Fixed amount - min | 0 | 25 | |
Fixed amount - max | 0 | 25 | |
Reason for variation | 1.96% to 2% paid for Arrangement fee and 6% for Deposit fee. Arrangement fee varies depending on the number of group members. | N/A | |
Appears on Repayment Sched? | Yes | Yes |
Ins 1 | |
---|---|
Description | Credit Life Insurance |
% of loan amount - min | 1.00% |
% of loan amount - max | 1.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
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 |
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 |
||||||||||
ZMW 1,020 | Generated | 2014-11-01 | 6.0 months | 0.0 months | ZMW 275.80 | 95.2% | 50.9% | 40.1% | 4.2% | 0.0% | 0.0% | 55 | - | |
ZMW 1,800 | Generated | 2014-11-01 | 9.1 months | 0.0 months | ZMW 596.35 | 79.5% | 50.9% | 25.6% | 3.0% | 0.0% | 0.0% | 65 | - | |
ZMW 2,400 | Generated | 2014-11-01 | 12.2 months | 0.0 months | ZMW 965.91 | 72.6% | 50.9% | 19.4% | 2.3% | 0.0% | 0.0% | 72 | - | |
ZMW 3,500 | Generated | 2014-11-01 | 6.0 months | 0.0 months | ZMW 885.57 | 88.0% | 50.9% | 33.0% | 4.1% | 0.0% | 0.0% | 59 | - | |
ZMW 4,000 | Generated | 2014-11-01 | 9.1 months | 0.0 months | ZMW 1,294.67 | 77.2% | 50.9% | 23.4% | 2.9% | 0.0% | 0.0% | 67 | - | |
ZMW 5,100 | Generated | 2014-11-01 | 6.0 months | 0.0 months | ZMW 1,278.98 | 87.1% | 50.9% | 32.1% | 4.1% | 0.0% | 0.0% | 60 | - | |
ZMW 6,000 | Generated | 2014-11-01 | 9.1 months | 0.0 months | ZMW 1,929.51 | 76.6% | 50.9% | 22.8% | 2.9% | 0.0% | 0.0% | 68 | - | |
ZMW 7,000 | Generated | 2014-11-01 | 6.0 months | 0.0 months | ZMW 1,746.15 | 86.5% | 50.9% | 31.6% | 4.0% | 0.0% | 0.0% | 60 | - |
Institution Type | Bank |
Is this institution regulated? | Yes |
Website address | http://www.turanbank.az/ |
Year established | 1992 |
Head of Institution | NazÄm SadÄqov |
Regions active | Absheron, Ganja-Qazakh, Shaki-Zaqatala |
# Branches | 11 |
Total Portfolio (nat'l) | AZN 77,590,406 |
Total Portfolio (USD) | USD 99,474,879.49 |
Active clients with loans | 3,671 |
Approximate % female clients | 0% - 20% |
Approximate % urban clients | 0% - 20% |
Network affiliations | |
Funders |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Iri hecmli istehlak kreditleri | AZN 35,000 - 100,000 | 12 - 30 | 0% - 20% | 60% - 80% | Any Purpose | Women, Men, Have business, Salaried worker | Credit Ins | |||||||
Kiçik hecmli isthlak | AZN 100 - 1,500 | 3 - 18 | 40% - 60% | 20% - 40% | Any Purpose | Women, Men, Salaried worker | Credit Ins | |||||||
Lombard | AZN 50 - 10,000 | 3 - 18 | 60% - 80% | 40% - 60% | Any Purpose | Women, Men | Gàtàràlck qÄzÄl zint ÅyasÄnÄn qiymtlndirilmsi | |||||||
Mikro kreditler | AZN 50 - 10,000 | 3 - 18 | 20% - 40% | 60% - 80% | Business, Other | Women, Men, Have business, Salaried worker | Credit Ins | |||||||
Orta hecimli istehlak | AZN 1,500 - 35,000 | 12 - 30 | 0% - 20% | 40% - 60% | Any Purpose | Women, Men, Have business, Salaried worker | Credit Ins |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Iri hecmli istehlak kreditleri | 25.0%-28.0% annual, Flat | 0 Fees | 0 Ins | None | N/A | 28.1% | 28.1% | 89 | ||||||||
Kiçik hecmli isthlak | 30.0%-36.0% annual, Flat | 1 Fee | 0 Ins | None | N/A | 25% - 40.3% | 25% - 40.3% | 90 | ||||||||
Lombard | 30.0%-32.0% annual, Flat | 1 Fee | 0 Ins | None | N/A | 27% - 37.4% | 27% - 37.4% | 89 | ||||||||
Mikro kreditler | 29.0%-32.0% annual, Flat | 1 Fee | 0 Ins | None | N/A | 28% - 38.2% | 28% - 38.2% | 86 | ||||||||
Orta hecimli istehlak | 25.0%-28.0% annual, Flat | 1 Fee | 0 Ins | None | N/A | 16.4% - 40% | 16.4% - 40% | 89 |
Key Statistics | |
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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 |
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