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Institution

FINCA J. Jabbarli str. 44Baku, AzerbaijanAZ 1065
Data approved: 2012-04-10
Data version: 2
Age of data: -   months 

Product

Rural Loan Product (AZN) Product 8 of 8 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (AZN)AZN 37,672,240
Portfolio (USD)USD 48,297,743.59
Active Clients with Loans49,546
Approximate % Female Clients20% - 40%
Approximate % Urban Clients80% - 100%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
A loan for group borrowers living in rural areas and engaged in household business
Loan Purpose
Any purpose
Income generationx
Mortgage/housingx
Consumer loanx
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 servicesx
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or landx
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 productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyAZN
Minimum loan sizeAZN 50
Maximum loan size2,000
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 term6.0 months
Longest loan term18.0 months
Approx average12.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months90%
Between 13 and 18 months10%
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
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 interest41.00%
Highest quoted nominal interest43.00%
Reason(s) why interest rate variesLoan 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 - min3.00%
% of loan amount - max4.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation
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

Full Pricing Data

Rural Loan Product (AZN) samples
Sample 1Sample 2Sample 3
Loan AmountAZN 300AZN 800AZN 1,500
Loan Cycle (1, 2, 3, etc)111
Disbursement Date2011-09-082011-09-082011-09-07
Loan Term (Months)12.0 months12.0 months12.0 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 Component49.9%49.9%52.0%
Insurance Component0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)49.9%49.9%52.0%
Transparency Index828279
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
Rural Loan Product (AZN) Price Graphs


Institution # Borrowers Portfolio (US$) Products Age of Data
ABT25,40037,378,0002121
AKIBA26,90036,852,0004134
BELITA5,800492,0001134
BRAC Tanzania102,30019,663,0002134
F & K Finance038,0001157
FINCA Tanzania78,40031,517,0003117
FMFC1,500392,0006134
K-Finance Ltd1,000264,0002134
Mbinga1,0002,986,0003134
MCBL3,6002,837,0006134
MDF Tanzania600148,0001134
NMB45,10074,528,0001134
Opportunity8,6003,018,0003134
PRIDE Tanzania104,40033,321,0003134
PTF-N/A134
Selfina8,0003,773,0002157
Tujijenge Tanzania10,0002,060,0004134
VF^Tanzania34,3907,613,0004128
Victoria100377,0003157
YOSEFO17,1002,211,0003157
Caps / Zoom options
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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