FINCA AZE - Solidarity Credit Group (USD) - MFTransparency.org Truth In Lending Tables

Please note that the information you are viewing is 116 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 AZE J. Jabbarli str. 44Baku, AzerbaijanAZ 1065

Data approved: 2010-05-24

Data version: 1

Age of data: - months

Download Data

Analyze Data

Product

Solidarity Credit Group (USD) Product 1 of 8 « Prev | Next »

Product Details

Key Statistics

Outstanding portfolio (USD)	USD 10,655,076
Portfolio (USD)	USD 10,655,076
Active Clients with Loans	19,673
Approximate % Female Clients	20% - 40%
Approximate % Urban Clients	80% - 100%

Methodology

Individual
Solidarity group	x
Village banking
Self help group
Other

Description

A loan for group borrowers living in urban areas and engaged in trade, services and production.

Loan Purpose

Any purpose
Income generation	x
Mortgage/housing	x
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

Eligibility

Men	x
Women	x
Must run a business	x
Must own a home or land	x
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 institution	N/A
# Regions for this product	N/A
Regions Active

Loan Conditions

Loan Amount

Currency	USD
Minimum loan size	USD 50
Maximum loan size	2,500

Loan Term and Grace Period

Shortest loan term	4.0 months
Longest loan term	12.0 months
Approx average	11.0 months

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

Daily
Weekly	x
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	36.00%
Highest quoted nominal interest	36.00%
Interest rate period	Yearly
Interest Rate Calculation Method	Decl Bal
Subsidized by funder request?	N/A
Is rate fixed for entire loan term	N/A

Upfront Fees

	Fee 1
Description	commision fee
% of loan amount - min	4.00%
% of loan amount - max	4.00%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation
Appears on Repayment Sched?	Yes

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 for	Never
Criteria	N/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 deposited	N/A
or, Fixed-amount deposited	N/A

Deposits DURING period payments

% loan amount deposited	N/A
or, Fixed-amount deposited	N/A
Conditions on access to deposit	N/A

Interest Paid on Deposit

Minimum interest rate paid	N/A
Maximum interest rate paid	N/A
Interest payment frequency	N/A

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Full Pricing Data

Solidarity Credit Group (USD) samples

	Sample 1	Sample 2	Sample 3
Loan Amount	USD 400	USD 1,000	USD 2,000
Loan Cycle (1, 2, 3, etc)	1	1	2
Disbursement Date	2009-12-02	2009-11-09	2009-12-02
Loan Term (Months)	12.0 months	12.0 months	12.0 months
Grace Period (Months)	0.0 months	0.0 months	0.0 months
Total Cost of Credit	Not Known	Not Known	Not Known
True Price by Comp
Interest and Fee Component	43.4%	44.9%	44.8%
Insurance Component	0.0%	0.0%	0.0%
Tax Component	0.0%	0.0%	0.0%
Deposit Component	0.0%	0.0%	0.0%
Full APR (int fee ins tax dep)	43.4%	44.9%	44.8%
Transparency Index	83	80	80

Original Repayment Schedule	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF

Solidarity Credit Group (USD) Price Graphs

Click to view Price Analysis Tool

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
Actuar Caldas	3,700	5,247,000	1	161
Actuar Quindio	2,300	2,800,000	2	161
Actuar Tolima	8,800	5,099,000	3	161
Amanecer	4,300	8,253,000	4	161
Banco Agrario	56,300	39,938,000	3	161
Banco WWB	219,400	294,019,000	5	156
Bancolombia	36,200	51,563,000	1	161
BdO	10,400	7,945,000	2	161
Comerciacoop	1,600	3,255,000	4	161
Confiar	43,800	81,993,000	7	161
Congente	5,400	20,045,000	2	161
Contactar	25,100	20,184,000	2	161
Crezcamos	27,500	22,564,000	4	161
Finamerica	39,800	99,536,000	7	161
FMM Popayán	310,000	243,614,000	3	161
FMSD	6,800	9,236,000	6	161
Fomentamos	900	102,000	1	161
Fund DeLaMujer	199,900	165,568,000	1	161
Fund Oleoductos	500	435,000	1	156
FUNDAUNIBAN	600	1,307,000	2	161
FUNDESAN	2,400	2,521,000	5	161
FUNDESMAG	1,000	1,698,000	2	161
Interactuar	30,200	93,846,000	4	161
MEDA	15,600	27,322,000	2	161
ProCredit CO	5,700	18,569,000	3	161

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

	X Axis
	Greater than:
	Less or equal to:
N (# of Samples)
Total Borrrowers of Samples


Avg
Min
Max
Std Dev

By Inst Type


By Country

	X Axis
	Greater than:
	Less or equal to:
	From 0 to
	to
	to
	to ∞