Institution: Microcredit Foundation EKI

Bosnia and Herzegovina

> Product: Agro Loan

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
3,000-10,000	13,191	32 months	20.00-22.00 % / Year		21.6% - 25.1%	5	2011-06-08

Product Interest Rates

APR (int + fee + ins) 21.6% - 25.1%

EIR (int + fee + ins) 23.9% - 28.2%

Descriptive Info

Country Bosnia and Herzegovina

Name of loan product Agro Loan

Currency of Loan Convertible marks

loans for agro business exclusively for households

Scale of this product

Gross Outstanding Portfolio 46,104,591

Number of Clients 13,191

Percent Female 21-40%

Percent Urban 0-20%

Eligibility Criteria

Men
Women

Lending Methodologies

Individual

Loan Amounts

Minimum Loan Size 3,000

Maximum Loan Size 10,000

Initial Average Amount

Repayment Frequencies

Monthly

Loan Term

Shortest Loan Term allowed 1 months

Longest Loan Term allowed 66 months

Approximate Avg Loan Term 32 months

Grace Period

Grace Period Usage Grace periods for 1% to 20% of loans

Grace Period AVERAGE length 0.00

Meet Savings During Grace Period

Interest

Lowest Quoted Nominal Interest Rate 20%

Highest Quoted Nominal Interest Rate 22%

No Interest Rate / Islamic Finance No

Quoted Interest Rate Period Year

Interest Rate Method Declining Balance

Is the interest rate fixed for the entire loan term? No

Explanation of the interest rate variation

# of months the interest rate is guaranteed

Does the funding source for this product require you to charge a subsidized rate? No

Interest Rate Difference Reasons

Loan size
Length of time as client

Other Rate Difference Reason loans from USAID funding are at 15%, and targeted to repeat clients (about 15% of total clients); up to 36 months pay 18% and 36-60 months pay 19%

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?	Yes

Taxes

Taxes paid by borrower PRIOR to or AT loan disbursement

Percentage of loan taxed, Prior 0.00

Fixed amount of loan taxed, Prior 0.00

Taxes paid by borrower DURING periodic loan repayments

Percentage of Principal taxed, During 0.00

Percentage of Interest taxed, During 0.00

Fixed amount Taxed, During 0.00

Taxes Shown on repayment schedule Yes

Compulsory Savings

Compulsory Savings Required never required for this product

CompulsorySavingsCriteria

Is compulsory savings indicated on the repayment schedule?

Borrowers control savings Yes

Savings Prior

Percentage of Loan deposited Prior to Disbursement

Savings Deposited Prior, Fixed

Savings During

Savings Deposited During, Percent

Savings Deposited During, Fixed

Interest Paid on Savings

Annual Interest rate paid on savings (Minimum)

Annual Interest rate paid on savings (Maximum)

Interest Payment Frequency Paid at end of loan term

Conditions on Access to Savings Access only for final loan payment

User Comments

Additional Comments 0

Payment Schedules

Amount	Term	Repayment Frequency	Sample Disbursement Date	APR (int + fee + ins)	Payment Schedule
700	12 Months	Monthly	March 4, 2011	24.5%	View Payment Schedule
1,500	18 Months	Monthly	Jan. 11, 2011	23.8%	View Payment Schedule
1,500	12 Months	Monthly	Jan. 6, 2011	25.1%	View Payment Schedule
2,800	18 Months	Monthly	Jan. 21, 2011	23.7%	View Payment Schedule
9,000	30 Months	Monthly	March 30, 2011	21.6%	View Payment Schedule

APR (int + fee + ins):	Interest + Fees + Insurance
EIR (int + fee + ins):	Interest + Fees + Insurance

Bosnia and Herzegovina