Bosnia and Herzegovina
Institution: Microcredit Foundation EKI
> Product: SME 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 |
|---|---|---|---|---|---|---|---|
| 8,600 | 3,400 | 28 months | 19.00-20.00 % / Year | % | 0 | 2009-10-07 |
Product Interest Rates
%
%
Descriptive Info
Country Bosnia and Herzegovina
SME Loan
Convertible marks
Scale of this product
28,800,000
3,400
21-40%
61-80%
Loan Amounts
5,001
10,000
8,600
Loan Term
months
60 months
28 months
Grace Period
0.00
Interest
19%
20%
No
Year
Declining Balance
Interest Rate Difference Reasons
charge 19% for up to 36 months; then 20% for >36 month term
Fees
Taxes
Taxes paid by borrower PRIOR to or AT loan disbursement
0.00
0.00
Taxes paid by borrower DURING periodic loan repayments
0.00
0.00
0.00
Yes
Compulsory Savings
required with SOME loans 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 |
|---|