Bosnia and Herzegovina
Institution: Microcredit Foundation EKI
> Product: Mikroloan
| Institution | Microcredit Foundation EKI |
| Country | Bosnia and Herzegovina |
| Purpose |
Business |
| Typical Initial Loan Amount | Number of Clients | Typical Term | Quoted Rate | Taxes | APR (int + fee + ins) | Number of Samples | Date Collected |
|---|---|---|---|---|---|---|---|
| 300-10,000 | 17,828 | 30 months | 21.00-22.00 % / Year | 23.7% - 29.9% | 5 | 2011-06-08 |
Product Interest Rates
23.7% - 29.9%
26.4% - 34.3%
Descriptive Info
Country Bosnia and Herzegovina
Mikroloan
Convertible marks
loans for registered or nonregistered business
Scale of this product
31,752,929
17,828
21-40%
21-40%
Eligibility Criteria
- Men
- Women
Lending Methodologies
- Individual
Loan Amounts
300
10,000
Repayment Frequencies
- Monthly
Loan Term
1 months
60 months
30 months
Grace Period
Grace periods for 1% to 20% of loans
3.00
Interest
21%
22%
No
Year
Declining Balance
No
No
Interest Rate Difference Reasons
- Loan size
- Length of time as client
under 3000 KM is 22%, between 3000 KM-5000
Fees
| Description of fee | Administrative fee | |
Percentage of loan amount charge |
Min 2.00% |
Max 2.00% |
| Or, Fixed amount charged | ||
| Does this fee appear on the repayment schedule? | No | |
Taxes
Taxes paid by borrower PRIOR to or AT loan disbursement
Taxes paid by borrower DURING periodic loan repayments
Compulsory Savings
never required for this product
Yes
Savings Prior
Savings During
Interest Paid on Savings
Paid at end of loan term
Access only for final loan payment
User Comments
0
Payment Schedules
| Amount | Term | Repayment Frequency | Loan Cycle | Grace Period | Sample Disbursement Date | APR (int + fee + ins) | Payment Schedule |
|---|---|---|---|---|---|---|---|
| 700 | 6 Months | Monthly | Jan. 17, 2011 | 28.5% | View Payment Schedule | ||
| 1,400 | 5 Months | Monthly | Jan. 28, 2011 | 29.9% | View Payment Schedule | ||
| 2,900 | 24 Months | Monthly | Jan. 11, 2011 | 24.2% | View Payment Schedule | ||
| 2,900 | 12 Months | Monthly | March 24, 2011 | 26.6% | View Payment Schedule | ||
| 6,000 | 30 Months | Monthly | March 18, 2011 | 23.7% | View Payment Schedule |