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Institution
Data approved: 2012-04-24
Data version: 2
Age of data: 175 months
Key Statistics
Outstanding portfolio (AZN) | AZN 37,806,910 |
Portfolio (USD) | USD 48,470,397.44 |
Active Clients with Loans | 27,921 |
Approximate % Female Clients | 0% - 20% |
Approximate % Urban Clients | 0% - 20% |
Methodology
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other | |
Description
Target group: borrowers engaged in agriculture. Grace periods are available as well as flexible repayment schedules. A wide range of collateral (should be combined). Loans can be disbursed both in local and foreign currency.
Loan Purpose
Any purpose | |
Income generation | x |
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 services | x |
Eligibility
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 | Borrowers receiving income from agricultural business |
Other (2) | |
Portfolio Size by Product
Geographic Coverage
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active | |
Loan Conditions
Loan Amount
Currency | AZN |
Minimum loan size | AZN 100 |
Maximum loan size | 16,000 |
Loan Term and Grace Period
Shortest loan term | 1.0 month |
Longest loan term | 36.0 months |
Approx average | 14.0 months |
Grace Period
Grace period usage | 30% |
Average grace period | 3.0 months |
Repayment Frequency
Daily | |
Weekly | |
Every 2 weeks | x |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments | |
Pricing Information
Interest
Lowest quoted nominal interest | 2.25% |
Highest quoted nominal interest | 3.00% |
Reason(s) why interest rate varies | Time as Client, Loan Size, Client Risk, Collateral, credit history |
Interest rate period | Monthly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Upfront Fees
| Fee 1 |
---|
Description | Disbursement fee |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 5 |
Fixed amount - max | 160 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Ongoing Fees
This product has no ongoing feesUpfront Insurance Fees
This product has no upfront insurance feesOngoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | |
Do borrowers control deposit in their group? | |
Deposit BEFORE or AT Disbursement
% loan amount deposited | 10.00% |
or, Fixed-amount deposited | 0 |
Deposits DURING period payments
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | End Term |
Interest Paid on Deposit
Minimum interest rate paid | 10.00% |
Maximum interest rate paid | 10.00% |
Interest payment frequency | End Term |
Taxes
Are taxes charged on this product? | No |
Additional Comments
Compulsory savings are equal to 1 installment amount
Full Pricing Data
Micro Agricultural loan (manat) samples
| Sample 1 | | Sample 2 | | Sample 3 | | Sample 4 | | Sample 5 | | Sample 6 |
---|
Loan Amount | AZN 300 | | AZN 800 | | AZN 1,500 | | AZN 3,000 | | AZN 6,000 | | AZN 10,000 |
Loan Cycle (1, 2, 3, etc) | Not Known | | Not Known | | Not Known | | Not Known | | Not Known | | Not Known |
Disbursement Date | 2011-08-10 | | 2011-08-10 | | 2011-08-10 | | 2011-08-10 | | 2011-08-10 | | 2011-08-10 |
Loan Term (Months) | 12.0 months | | 12.0 months | | 12.0 months | | 12.0 months | | 12.0 months | | 12.0 months |
Grace Period (Months) | 0.0 months | | 0.0 months | | 0.0 months | | 0.0 months | | 0.0 months | | 0.0 months |
Total Cost of Credit | Not Known | | Not Known | | Not Known | | Not Known | | Not Known | | Not Known |
True Price by Comp | | | | | | | | | | | |
Interest and Fee Component | 36.2% | | 36.2% | | 37.2% | | 36.2% | | 35.2% | | 35.2% |
Insurance Component | 0.0% | | 0.0% | | 0.0% | | 0.0% | | 0.0% | | 0.0% |
Tax Component | 0.0% | | 0.0% | | 0.0% | | 0.0% | | 0.0% | | 0.0% |
Deposit Component | 8.1% | | 8.1% | | 5.8% | | 8.1% | | 5.3% | | 5.3% |
Full APR (int fee ins tax dep) | 44.3% | | 44.3% | | 43.0% | | 44.3% | | 40.5% | | 40.5% |
Transparency Index | 61 | | 61 | | 63 | | 61 | | 67 | | 67 |
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Original Repayment Schedule | PDF | | PDF | | PDF | | PDF | | PDF | | PDF |
MFT Pricing Calculation | PDF | | PDF | | PDF | | PDF | | PDF | | PDF |
Micro Agricultural loan (manat) Price Graphs