Please note that the information you are viewing is 81 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Foundation for International Community Assistance (FINCA) Stand No. 4513 Madzimoyo Road, NorthmeadLusaka, Lusaka Province
Data approved: 2014-10-20
Data version: 2
Age of data: 81 months
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Product

Village Banking Loans Product 6 of 7 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (ZMW)ZMW 22,277,113
Portfolio (USD)USD 3,479,238.69
Active Clients with Loans25,762
Approximate % Female Clients60% - 80%
Approximate % Urban Clients60% - 80%
Methodology
Individual
Solidarity group
Village bankingx
Self help group
Other
Description
Individual loan secured by a group gurantee aimed at the empowerment of the lowest income enterpreneurs and communities. The Village Bank is formed by people who know and trust each other.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visits
Business training
Other training
OtherFuneral benefits
Other (2)
No other services
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)Must be a member of a self selected village bank
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution5
# Regions for this product5
Regions ActiveCentral Province, Copperbelt Province, Eastern Province, Northern Province, Southern Province

Loan Conditions

Loan Amount
CurrencyZMW
Minimum loan sizeZMW 150
Maximum loan size12,500
Distribution at Disbursement (Est.)
Loans less than ZMW 50010%
ZMW 500-2,00070%
ZMW 2,000-3,25010%
ZMW 3,250-4,5005%
ZMW 4,500-6,0005%
Greater than ZMW 6,0005%
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term12.0 months
Approx average7.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months70%
Between 7 and 9 months30%
Between 10 and 12 months0
Between 13 and 18 months0
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 paymentsx

Pricing Information

Interest
Lowest quoted nominal interest4.33%
Highest quoted nominal interest4.33%
Interest rate periodMonthly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionArrangement And Deposit FeeAsset Inspection
% of loan amount - min7.96%0
% of loan amount - max8.00%0
OR, Fixed amount - min025
Fixed amount - max025
Reason for variation1.96% to 2% paid for Arrangement fee and 6% for Deposit fee. Arrangement fee varies depending on the number of group members.N/A
Appears on Repayment Sched?YesYes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionCredit Life Insurance
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
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
Additional Comments
We are currently piloting self approaval of loans by clients

Full Pricing Data

Village Banking Loans 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
ZMW 1,000 Real 2014-10-10 6.1 months N/A ZMW 272.01 94.6% 50.7% 39.8% 4.1% 0.0% 0.0% 55 PDF PDF
ZMW 1,000 Generated 2014-11-01 6.0 months 0.0 months ZMW 270.88 95.4% 50.9% 40.3% 4.2% 0.0% 0.0% 54 - PDF
ZMW 1,500 Real 2014-10-10 6.1 months N/A ZMW 395.46 91.1% 50.6% 36.5% 4.0% 0.0% 0.0% 57 PDF PDF
ZMW 1,500 Generated 2014-11-01 6.0 months 0.0 months ZMW 393.82 91.9% 50.9% 36.9% 4.1% 0.0% 0.0% 57 - PDF
ZMW 1,800 Generated 2014-11-01 6.0 months 0.0 months ZMW 467.58 90.8% 50.9% 35.8% 4.1% 0.0% 0.0% 57 - PDF
ZMW 2,000 Generated 2014-11-01 9.1 months 0.0 months ZMW 659.84 79.1% 50.9% 25.2% 3.0% 0.0% 0.0% 66 - PDF
ZMW 2,400 Generated 2014-11-01 6.0 months 0.0 months ZMW 615.11 89.3% 50.9% 34.4% 4.0% 0.0% 0.0% 58 - PDF
ZMW 3,000 Generated 2014-11-01 9.1 months 0.0 months ZMW 977.25 77.8% 50.9% 24.0% 2.9% 0.0% 0.0% 67 - PDF
ZMW 3,500 Generated 2014-11-01 6.0 months 0.0 months ZMW 885.57 88.0% 50.9% 33.0% 4.1% 0.0% 0.0% 59 - PDF
ZMW 4,900 Generated 2014-11-01 6.0 months 0.0 months ZMW 1,229.80 87.2% 50.9% 32.2% 4.1% 0.0% 0.0% 60 - PDF
Village Banking Loans Price Graphs


Please note that the information you are viewing is 80 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Viator Microcredit Azerbaijan LLC N.Narimanov str., 207, Ganja, AzerbaijanGanjaAZ2000
Data approved: 1900-01-00
Data version: 1
Age of data: 80 months

Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addresshttp://www.viator-az.com
Year established1998
Head of InstitutionAbraham Vencent Asgapo
Regions activeGanja-Qazakh, Shaki-Zaqatala
# Branches6

Total Portfolio (nat'l)AZN 15,994,615
Total Portfolio (USD)USD 20,505,916.67
Active clients with loans19,567
Approximate % female clients20% - 40%
Approximate % urban clients40% - 60%
Network affiliationsAMFA (Azerbaijan MicroFinance Assosiation), MIX Market, MFC (Microfinance Center)
FundersIncofin Investment Management, Grameen Credit Agricole Foundation, ConCap, Symbiotics

Loan Products » Summary

11,415 Borrowers
USD 11,090,106.41 Portfolio
Active Product
2,163 Borrowers
USD 2,008,711.54 Portfolio
Active Product
74 Borrowers
USD 273,860.26 Portfolio
Active Product
473 Borrowers
USD 535,276.92 Portfolio
Active Product
272 Borrowers
USD 567,274 Portfolio
Active Product
4,771 Borrowers
USD 4,967,337 Portfolio
Active Product
187 Borrowers
USD 758,087 Portfolio
Active Product
212 Borrowers
USD 268,252 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Agricultural Loan AZN 300 - 6,000 3 - 18 20% - 40% 40% - 60% Agriculture Women, Men, Have business Business Training, Other Training
Micro-Business Loan AZN 300 - 3,000 3 - 18 20% - 40% 40% - 60% Business Women, Men, Have business Business Training, Other Training
Small Enterprise Loan AZN 3,000 - 8,000 3 - 18 20% - 40% 40% - 60% Business Women, Men, Have business Business Training, Other Training
Social Business Loan AZN 3,000 - 8,000 3 - 18 20% - 40% 40% - 60% Business Women, Men, Have business Business Training, Other Training
Agricultural Loan USD USD 400 - 8,000 3 - 18 20% - 40% 40% - 60% Agriculture Women, Men, Have business Business Training, Other Training
Micro-Business Loan USD USD 400 - 4,000 3 - 18 40% - 60% 40% - 60% Business Women, Men, Have business Business Training, Other Training
Small Enterprise Loan USD USD 4,000 - 10,000 3 - 18 20% - 40% 40% - 60% Business Women, Men, Have business Business Training, Other Training
Social Business Loan USD USD 4,000 - 10,000 3 - 18 20% - 40% 40% - 60% Business Women, Men, Have business Business Training, Other Training

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Agricultural Loan 28.8%-34.8% annual, Decl Bal 1 Fee 1 Ins None N/A 33.7% - 34.4% 35.3% - 36.4% 80
Micro-Business Loan 28.8%-34.8% annual, Decl Bal 1 Fee 1 Ins None N/A 34.5% - 34.6% 36.5% - 36.6% 79
Small Enterprise Loan 28.8%-34.8% annual, Decl Bal 1 Fee 1 Ins None N/A 0% 0% N/A
Social Business Loan 28.8% annual, Decl Bal 1 Fee 1 Ins None N/A 31.1% 32.5% 89
Agricultural Loan USD 28.8%-34.8% annual, Decl Bal 1 Fee 1 Ins None N/A 33.4% 34.9% 83
Micro-Business Loan USD 28.8%-34.8% annual, Decl Bal 1 Fee 1 Ins None N/A 33.5% - 34.7% 34.9% - 36.7% 80
Small Enterprise Loan USD 28.8%-34.8% annual, Decl Bal 1 Fee 1 Ins None N/A 32.6% 34% 85
Social Business Loan USD 28.8% annual, Decl Bal 1 Fee 1 Ins None N/A 31.1% 32.5% 89
Institution Price Graph
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Key Statistics
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# Countries
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Loan Portfolio (USD)
% Products using declining balance
% Products with one or more fee
% Products with one or more insurances
% Products with compulsory deposits
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