Institution: Microcredit Foundation EKI

Bosnia and Herzegovina

> Product: Household(Consumer)

Institution	Microcredit Foundation EKI
Country	Bosnia and Herzegovina
Purpose	Consumption

Typical Initial Loan Amount	Number of Clients	Typical Term	Quoted Rate	Taxes	APR (int + fee + ins)	Number of Samples	Date Collected
300-300	5,293	24 months	25.00-25.00 % / Year		27.0% - 31.7%	4	2011-06-08

Product Interest Rates

APR (int + fee + ins) 27.0% - 31.7%

EIR (int + fee + ins) 30.5% - 36.8%

Descriptive Info

Country Bosnia and Herzegovina

Name of loan product Household(Consumer)

Currency of Loan Convertible marks

loans for improvement of living conditions of

Scale of this product

Gross Outstanding Portfolio 5,559,321

Number of Clients 5,293

Percent Female 21-40%

Percent Urban 41-60%

Eligibility Criteria

Men
Women

Lending Methodologies

Individual

Loan Amounts

Minimum Loan Size 300

Maximum Loan Size 300

Initial Average Amount

Repayment Frequencies

Monthly

Loan Term

Shortest Loan Term allowed 1 months

Longest Loan Term allowed 36 months

Approximate Avg Loan Term 24 months

Grace Period

Grace Period Usage No grace periods allowed for this product

Grace Period AVERAGE length 0.00

Meet Savings During Grace Period

Interest

Lowest Quoted Nominal Interest Rate 25%

Highest Quoted Nominal Interest Rate 25%

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

Other Rate Difference Reason 16% is for IFC funding (EUR400,000); remaining portfolio: 20% for loans under KM5000 and <36 Months; for >KM5000 and <36 months is 18%; for loans of >KM5000 and >36 months charged 19%;

Fees

Description of fee	Administrative fee
Percentage of loan amount charge	Min 2.50%	Max 2.50%
Or, Fixed amount charged
Does this fee appear on the repayment schedule?	No

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	6 Months	Monthly	March 13, 2011	31.7%	View Payment Schedule
1,500	12 Months	Monthly	March 14, 2011	28.8%	View Payment Schedule
2,000	12 Months	Monthly	Jan. 11, 2011	29.1%	View Payment Schedule
3,000	24 Months	Monthly	March 23, 2011	27.0%	View Payment Schedule

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

Bosnia and Herzegovina