| Number borrowers | 11,415 |
| Loan Amount (range) | AZN 300 - 6,000 |
| Loan Term (range) | 3 - 18 |
| Other Services (text summary) | Business Training, Other Training |
| Annual Interest & Method | 28.8%-34.8% annual, Decl Bal |
| Fees | 2.00%-3.00% upfront |
| Insurance | 1.00% upfront |
| Tax | None |
| Comp Dep | N/A |
| Range of pricing | |
| Interest Price Component | 28.3% - 30.8% |
| Fee Component | 2.7% - 3.9% |
| Insurance Component | 1.4% - 2.0% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 35.3% - 36.4% |
| Transparency Index (min/max) | 78 - 89 |
| Transparency Index (average) | 80 |
| 3,219 |
| INR 10,000 - 50,000 |
| 3 - 9 |
| Credit Educ |
| 36.0% annual, Decl Bal |
| None |
| 102.00-306.00 upfront |
| None |
| N/A |
| N/A |
| 41.3% - 41.4% (Int+Fee) |
| 0 - 2.7% |
| 0 - 1.0% |
| 42.7% - 44.1% |
| 63 - 84 |
| 83 |
| Outstanding portfolio (AZN) | AZN 8,650,283 |
| Portfolio (USD) | USD 11,090,106.41 |
| Active Clients with Loans | 11,415 |
| Approximate % Female Clients | 20% - 40% |
| Approximate % Urban Clients | 40% - 60% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | x |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | |
| Group meetings | |
| Credit insurance | |
| Workplace visits | |
| Business training | x |
| Other training | x |
| 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) |
| # Regions for this institution | 2 |
| # Regions for this product | 2 |
| Regions Active | Ganja-Qazakh, Shaki-Zaqatala |
| Outstanding portfolio (INR) | INR 52,257,522 |
| Portfolio (USD) | USD 985,990.98 |
| Active Clients with Loans | 3,219 |
| Approximate % Female Clients | 20% - 40% |
| Approximate % Urban Clients | 80% - 100% |
| 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 | x |
| Group meetings | |
| Credit insurance | |
| 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 | |
| Household income <60,000 INR | |
| Household income <120,000 INR | |
| Must live in rural area | |
| Must lives in urban area | |
| Other | |
| Other (2) |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Currency | AZN |
| Minimum loan size | AZN 300 |
| Maximum loan size | 6,000 |
| Loans less than AZN 1,000 | 50% |
| AZN 1,000-5,000 | 30% |
| AZN 5,000-8,000 | 20% |
| AZN 8,000-11,000 | 0 |
| AZN 11,000-14,000 | 0 |
| Greater than AZN 14,000 | 0 |
| Shortest loan term | 3.0 months |
| Longest loan term | 18.0 months |
| Approx average | 11.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 15% |
| Between 7 and 9 months | 15% |
| Between 10 and 12 months | 50% |
| Between 13 and 18 months | 20% |
| Longer than 18 months | 0 |
| Grace period usage | 100% |
| Average grace period | 4.0 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 |
| Currency | INR |
| Minimum loan size | INR 10,000 |
| Maximum loan size | 50,000 |
| Shortest loan term | 3.0 months |
| Longest loan term | 9.0 months |
| Approx average | 6.0 months |
| Loans 3 months or less | N/A |
| Between 4 and 6 months | N/A |
| Between 7 and 9 months | N/A |
| Between 10 and 12 months | N/A |
| Between 13 and 18 months | N/A |
| Longer than 18 months | N/A |
| Grace period usage | 0 |
| Average grace period | 0.3 months |
| 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 |
| Lowest quoted nominal interest | 2.40% |
| Highest quoted nominal interest | 2.90% |
| Reason(s) why interest rate varies | Branch, Time as Client, Loan Size, Loan Purpose |
| 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 | |
|---|---|
| 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 | N/A |
| Appears on Repayment Sched? | Yes |
| Ins 1 | |
|---|---|
| Description | Insurance Fee |
| % 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 |
| 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 | Yes |
| Ins 1 | |
|---|---|
| Description | Insurance for member for an amount of Rs. 5000 |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 200 |
| Fixed amount - max | 200 |
| Reason for variation | N/A |
| 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 |
| Sample 1 | Sample 2 | ||
|---|---|---|---|
| Loan Amount | AZN 500 | AZN 2,300 | |
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | |
| Disbursement Date | 2014-05-06 | 2014-05-08 | |
| Loan Term (Months) | 12.0 months | 16.0 months | |
| Grace Period (Months) | 0.0 months | 0.1 months | |
| Total Cost of Credit | AZN 103.35 | AZN 609.84 | |
| True Price by Comp | |||
| Interest price component | 30.5% | 30.7% | |
| Fee Component | 3.9% | 3.0% | |
| Insurance Component | 2.0% | 1.6% | |
| Tax Component | 0.0% | 0.0% | |
| Deposit Component | 0.0% | 0.0% | |
| Full APR (int fee ins tax dep) | 36.4% | 35.3% | |
| Transparency Index | 79 | 82 | |
| Original Repayment Schedule | |||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | INR 20,000 | INR 30,000 | INR 40,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2011-08-29 | 2011-08-25 | 2011-09-06 | ||
| Loan Term (Months) | 9.3 months | 9.3 months | 9.3 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 | 41.4% | 41.3% | 41.3% | ||
| Insurance Component | 2.7% | 1.8% | 1.4% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 0.0% | 0.0% | 0.0% | ||
| Full APR (int fee ins tax dep) | 44.1% | 43.2% | 42.7% | ||
| MFIN MFI Earning (Annualised) | 41.4% | 41.3% | 41.3% | ||
| MFIN Cost to Borrower (Annualised) | 44.1% | 43.2% | 42.7% | ||
| Transparency Index | 82 | 83 | 84 | ||
| MFIN Transparency Index | N/A | N/A | N/A | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| 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 |
| Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
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