Bosnia and Herzegovina
Institution: Microcredit Foundation EKI
> Product: Housing
| Institution | Microcredit Foundation EKI |
| Country | Bosnia and Herzegovina |
| Purpose |
Housing |
| Typical Initial Loan Amount | Number of Clients | Typical Term | Quoted Rate | Taxes | APR (int + fee + ins) | Number of Samples | Date Collected |
|---|---|---|---|---|---|---|---|
| 300-10,000 | 6,241 | 30 months | 20.00-21.50 % / Year | 21.7% - 23.0% | 3 | 2011-06-08 |
Product Interest Rates
21.7% - 23.0%
24.0% - 25.6%
Descriptive Info
Country Bosnia and Herzegovina
Housing
Convertible marks
investment for improvement of living conditions, renovating or adaption of existing living facilities and investment in energy saving.
Scale of this product
21,903,191
6,241
21-40%
41-60%
Eligibility Criteria
- Must own a home
Lending Methodologies
- Individual
Loan Amounts
300
10,000
Repayment Frequencies
- Monthly
Loan Term
1 months
60 months
30 months
Grace Period
No grace periods allowed for this product
0.00
Interest
20%
22%
No
Year
Declining Balance
No
No
Interest Rate Difference Reasons
- Loan size
- Length of time as client
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
0.00
0.00
Taxes paid by borrower DURING periodic loan repayments
0.00
0.00
0.00
Yes
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 |
|---|---|---|---|---|---|---|---|
| 3,000 | 24 Months | Monthly | April 27, 2011 | 23.0% | View Payment Schedule | ||
| 6,000 | 36 Months | Monthly | April 28, 2011 | 22.9% | View Payment Schedule | ||
| 10,000 | 48 Months | Monthly | Jan. 11, 2011 | 21.7% | View Payment Schedule |