Micro loan

Target audience

Individuals and legal entities engaged in business

Areas Trade, Manufacturing, Services
Experience in the market

6 months

Purpose of credit

Increasing turnover fund, purchasing fixed assets

Amount

3 000

Value

AZN, USD (AZN equivalent)

Period

12 months

Grace period

agriculture: cattle-breeding, husbandry and horticulture – 6 months

Method of payment

Annuity

Interest rate

from 25%

         Commission 1 %
AAIR  to 28 %

Guarantee

Gold, property, real estate and suretyship
Documentation
  1.   Identification card

  2.  The document is true for those belonging property in the business, the loan recipient

  3.  Proof of income of guarantor

 

Sample loan

 

Period  12  18 24 36
İnterest rate
      25 %
      26 %
    26 %
     27 %
1 000 AZN/USD
   95


2 000 AZN/USD   190            135
 108
3 000 AZN/USD    285            203
 162
4 000 AZN/USD    380            271
 215 163
5 000 AZN/USD      475 
 338    269 
 204
6 000 AZN/USD      570 
 406    323    245
7 000 AZN/USD     665  474      377 
 286
8 000 AZN/USD     760  541     431  327
9 000 AZN/USD     855  609       485
 367
10 000 AZN/USD     950  677       539 
 408
11 000 AZN/USD  1 045 745 
     593    449 
12 000 AZN/USD

   1 140

 812       646  490
13 000 AZN/USD  1 236
 880       700 531
14 000 AZN/USD 1 331 
 948  754  572
15 000 AZN/USD  1 426
1015
 808  612
AAİR  27 %    27 %      27 %
    28 %

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