2. Ecofuturo
Please note that the information you are viewing is 124 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. FINCA
Please note that the information you are viewing is 115 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Ecofuturo S.A. Calle Mexico 1530 entre Otero de la Vega y Nicolas AcostaLa Paz
Data approved: 2013-12-31
Data version: 2
Age of data: 124 months
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Institution

FINCA J. Jabbarli str. 44Baku, AzerbaijanAZ 1065
Data approved: 2014-10-10
Data version: 3
Age of data: 115 months
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  • No previous version for this product.

Product

Eco - Vivienda (USD) Product 11 of 12 « Prev | Next »

Product

Individual Rural Loan (AZN) Product 12 of 12 « Prev | Next »

Product Summary

Number borrowers315
Loan Amount (range)USD 5,000 - 500,000
Loan Term (range)3 - 120
Other Services (text summary)Credit Ins
Annual Interest & Method8.9%-26.0% annual, Decl Bal
FeesNone
Insurance0.25%-9.96% ongoing Y
TaxNone
Comp DepN/A
Range of pricing 
Interest Price Component9.9% - 28.9%
Fee Component0
Insurance Component0.9% - 1.9%
Tax Component Range0
Full APR (int fee ins tax dep)13.3% - 26.7%
Transparency Index (min/max)24 - 67
Transparency Index (average)47

Product Summary

61,742
AZN 100 - 8,000
3 - 36
24.5%-40.0% annual, Decl Bal
2.00%-3.00% upfront
None
None
N/A
 
21.8% - 38.4%
1.5% - 7.1%
0
0
27.9% - 43.0%
57 - 94
70

Product Details

Key Statistics
Outstanding portfolio (USD)USD 5,152,482
Portfolio (USD)USD 5,152,482
Active Clients with Loans315
Approximate % Female Clients20% - 40%
Approximate % Urban Clients60% - 80%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Créditos a personas asalariadas o microempresarios que destinen el credito a la vivienda
Loan Purpose
Any purpose
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
OtherCompra de Vivienda
Other (2)Construcción
Included Services
Credit education
Group meetings
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or landx
Must be a salaried workerx
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution9
# Regions for this product9
Regions ActiveBeni , Chuquisaca , Cochabamba , La Paz , Oruro , Pando , Potosí, Santa Cruz, Tarija

Product Details

Key Statistics
Outstanding portfolio (AZN)AZN 58,950,239
Portfolio (USD)USD 75,577,229.49
Active Clients with Loans61,742
Approximate % Female Clients20% - 40%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Rural producers engaged in crop planting, animal husbandry, market gardening, dairy production, other processing activities, households and trade of rural products.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculturex
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 land
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 product8
Regions ActiveAbsheron, Ganja-Qazakh, Shaki-Zaqatala, Lankaran-Astara, Quba-Khachmaz, Orta Kur, Daglig-Shirvan, Nakhichevan

Loan Conditions

Loan Amount
CurrencyUSD
Minimum loan sizeUSD 5,000
Maximum loan size500,000
Distribution at Disbursement (Est.)
Loans less than USD 1,5000
USD 1,500-5,0000
USD 5,000-10,00010%
USD 10,000-15,00020%
USD 15,000-18,00010%
Greater than USD 18,00010%
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term120.0 months
Approx average92.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months100%
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 monthsx
Quarterlyx
Every 6 monthsx
Every 12 months
Single end payment
Irregular paymentsx

Loan Conditions

Loan Amount
CurrencyAZN
Minimum loan sizeAZN 100
Maximum loan size8,000
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 term3.0 months
Longest loan term36.0 months
Approx average14.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months60%
Between 13 and 18 months40%
Longer than 18 months0
Grace Period
Grace period usage10%
Average grace period3.0 months
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 interest8.86%
Highest quoted nominal interest26.00%
Reason(s) why interest rate variesLoan Size
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?Yes
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
Ins 1Ins 2
DescriptionSeguro de DesgravamenSeguro de Todo Riesgo
% of loan amount - min0.25%0
% of loan amount - max9.96%0.80%
OR, Fixed amount - min00
Fixed amount - max00
Reason for variationFee is 0.083%, charged each month on the outstanding loan principal only.Fee is 0.0067% per month, charged on the oustanding loan principal balance only. Charged only if value of collateral is insufficient.
Appears on Repayment Sched?YesYes
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

Pricing Information

Interest
Lowest quoted nominal interest24.50%
Highest quoted nominal interest40.00%
Reason(s) why interest rate variesBranch, Loan 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 - min2.00%
% of loan amount - max3.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationThe variation is due to loan term. 2% on the term upto 12 months and 3% on higher than 12 months
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

Eco - Vivienda (USD) samples
Sample 1Sample 2Sample 3
Loan AmountUSD 2,000USD 11,000USD 15,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2013-10-152014-04-012014-04-01
Loan Term (Months)61.0 months49.0 months97.0 months
Grace Period (Months)0.0 months0.0 months0.0 months
Total Cost of CreditUSD 685.36USD 6,080.91USD 12,777.57
True Price by Comp     
Interest price component11.4%25.7%19.8%
Fee Component0.0%0.0%0.0%
Insurance Component1.9%1.0%1.1%
Tax Component0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)13.3%26.7%20.9%
Transparency Index673342
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF

Full Pricing Data

Individual Rural Loan (AZN) samples
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
AZN 10,000 Real 2014-10-01 24.4 months N/A AZN 3,897 34.3% 31.0% 3.3% 0.0% 0.0% 0.0% 71 PDF PDF
AZN 10,000 Generated 2014-10-01 24.3 months 0.0 months AZN 3,814.64 33.9% 30.6% 3.3% 0.0% 0.0% 0.0% 72 - PDF
AZN 5,000 Real 2014-06-06 12.2 months N/A AZN 1,225 43.0% 37.0% 6.0% 0.0% 0.0% 0.0% 86 PDF PDF
AZN 5,000 Generated 2014-10-01 12.1 months 0.0 months AZN 1,142.69 40.5% 36.5% 4.0% 0.0% 0.0% 0.0% 61 - PDF
AZN 100 Generated 2014-10-01 12.1 months 0.0 months AZN 19.91 35.6% 31.6% 4.0% 0.0% 0.0% 0.0% 69 - PDF
AZN 115 Generated 2014-10-01 24.3 months 0.0 months AZN 49.88 37.7% 35.5% 2.2% 0.0% 0.0% 0.0% 65 - PDF
AZN 720 Generated 2014-10-01 12.1 months 0.0 months AZN 139.15 34.6% 30.6% 4.0% 0.0% 0.0% 0.0% 71 - PDF
AZN 960 Generated 2014-10-01 12.1 months 0.0 months AZN 225.09 41.5% 37.4% 4.1% 0.0% 0.0% 0.0% 59 - PDF
AZN 2,400 Generated 2014-10-01 12.1 months 0.0 months AZN 577 42.4% 38.4% 4.0% 0.0% 0.0% 0.0% 58 - PDF
AZN 2,760 Generated 2014-10-01 24.3 months 0.0 months AZN 857.46 27.9% 25.7% 2.2% 0.0% 0.0% 0.0% 88 - PDF
Eco - Vivienda (USD) Price Graphs


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Individual Rural Loan (AZN) Price Graphs


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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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X Axis
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Total Borrowers of Samples

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