Outstanding portfolio (USD) | USD 38,015,232.05 |
Portfolio (USD) | USD 38,015,232.05 |
Active Clients with Loans | 8,462 |
Approximate % Female Clients | 0% - 20% |
Approximate % Urban Clients | 40% - 60% |
Individual | x |
Solidarity group | |
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 | |
Credit insurance | |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services | x |
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) |
# Regions for this institution | 8 |
# Regions for this product | 8 |
Regions Active | Absheron, Ganja-Qazakh, Shaki-Zaqatala, Lankaran-Astara, Quba-Khachmaz, Orta Kur, Daglig-Shirvan, Nakhichevan |
Currency | USD |
Minimum loan size | USD 100 |
Maximum loan size | 25,000 |
Loans less than USD 1,500 | 10% |
USD 1,500-5,000 | 40% |
USD 5,000-10,000 | 40% |
USD 10,000-15,000 | 5% |
USD 15,000-18,000 | 0 |
Greater than USD 18,000 | 0 |
Shortest loan term | 3.0 months |
Longest loan term | 36.0 months |
Approx average | 18.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 30% |
Between 13 and 18 months | 40% |
Longer than 18 months | 30% |
Grace period usage | 10% |
Average grace period | 3.0 months |
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 | 24.00% |
Highest quoted nominal interest | 32.00% |
Reason(s) why interest rate varies | Loan Size |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Commission Fee |
% of loan amount - min | 2.00% |
% of loan amount - max | 3.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Commission varies with loan amount. 2% applied on loan amount $5000 and above, 3% on less than $5000. 2% commission flat fee is applicable for Nakhchivan only |
Appears on Repayment Sched? | No |
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 |
||||||||||
USD 2,550 | Generated | 2014-10-01 | 10.0 months | 0.0 months | USD 408.78 | 34.3% | 29.6% | 4.7% | 0.0% | 0.0% | 0.0% | 70 | - | |
USD 3,000 | Generated | 2014-10-01 | 18.1 months | 0.0 months | USD 725.16 | 29.4% | 25.2% | 4.2% | 0.0% | 0.0% | 0.0% | 82 | - | |
USD 3,450 | Generated | 2014-10-01 | 10.0 months | 0.0 months | USD 488.05 | 30.8% | 23.8% | 7.0% | 0.0% | 0.0% | 0.0% | 78 | - | |
USD 5,100 | Generated | 2014-10-01 | 12.1 months | 0.0 months | USD 911.55 | 32.1% | 28.2% | 3.9% | 0.0% | 0.0% | 0.0% | 75 | - | |
USD 6,000 | Generated | 2014-10-01 | 18.1 months | 0.0 months | USD 1,635.54 | 32.9% | 28.7% | 4.2% | 0.0% | 0.0% | 0.0% | 73 | - | |
USD 6,900 | Generated | 2014-10-01 | 24.3 months | 0.0 months | USD 2,632.10 | 33.9% | 30.6% | 3.3% | 0.0% | 0.0% | 0.0% | 71 | - | |
USD 18,000 | Generated | 2014-10-01 | 24.3 months | 0.0 months | USD 6,908.50 | 33.8% | 31.6% | 2.2% | 0.0% | 0.0% | 0.0% | 71 | - |
Institution Type | Bank |
Is this institution regulated? | Yes |
Website address | N/A |
Year established | 1996 |
Head of Institution | Dyson Mandivenga |
Regions active | |
# Branches | 5 |
Total Portfolio (nat'l) | ZMK 15,315,329,318 |
Total Portfolio (USD) | USD 2,959,483.93 |
Active clients with loans | 6,399 |
Approximate % female clients | 60% - 80% |
Approximate % urban clients | 60% - 80% |
Network affiliations | AMIZ, Opportunity International Network, AMT, INAFI |
Funders | Development Aid from People to People (DAPP), HIVOS |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Agriculture Loan | ZMK 800,000 - 2,000,000 | 3 - 6 | 60% - 80% | 0% - 20% | Business, Agriculture activities | Women, Men, Have business | Credit Educ, Group Mtgs, Tech Asst Visits, Business Training, Other Training | |||||||
Individual Loan | ZMK 2,000,000 - 250,000,000 | 3 - 24 | 60% - 80% | 60% - 80% | Business | Women, Men, Have business | Credit Educ, Tech Asst Visits, Business Training | |||||||
Solidarity Group Loan | ZMK 1,000,000 - 5,000,000 | 3 - 10 | 60% - 80% | 60% - 80% | Business | Women, Men, Have business | Credit Educ, Tech Asst Visits | |||||||
Trust Bank Loan | ZMK 50,000 - 1,500,000 | 4 | 60% - 80% | 60% - 80% | Business | Women, Men, Have business | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Agriculture Loan | 48.0% annual, Flat | 2 Fees | 1 Ins | None | 10.0% upfront | 63.8% - 64.2% | 73.5% - 74% | 65 | ||||||||
Individual Loan | 60.0%-78.0% annual, Flat | 2 Fees | 1 Ins | None | 10.0% upfront | 138.3% - 141.3% | 167.4% - 177.5% | 34 | ||||||||
Solidarity Group Loan | 72.0%-78.0% annual, Flat | 2 Fees | 1 Ins | None | 10.0% upfront | 138.1% - 143.8% | 165.7% - 171.5% | 42 | ||||||||
Trust Bank Loan | 60.0% annual, Flat | 2 Fees | 1 Ins | None | 10.0% upfront | 179.3% - 198% | 213.7% - 243.9% | 26 |
Key Statistics | |
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% Products with compulsory deposits |
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