| Outstanding portfolio (BOB) | BOB 33,390,914 |
| Portfolio (USD) | USD 4,874,585.99 |
| Active Clients with Loans | 20,978 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 80% - 100% |
| Individual | |
| Solidarity group | |
| Village banking | x |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | x |
| Consumer loan | x |
| Agriculture | |
| Education | x |
| Other household finance | x |
| Other | |
| Other (2) |
| Credit education | |
| Group meetings | x |
| Credit insurance | |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services |
| Men | |
| Women | x |
| Must run a business | |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | Con actividad económica |
| Other (2) |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Currency | BOB |
| Minimum loan size | BOB 100 |
| Maximum loan size | 7,000 |
| Shortest loan term | 3.0 months |
| Longest loan term | 8.0 months |
| Approx average | 5.0 months |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | x |
| Every 2 weeks | x |
| Every 4 weeks | x |
| Monthly | |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 0.59% |
| Highest quoted nominal interest | 0.59% |
| Interest rate period | Weekly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | N/A |
| Is rate fixed for entire loan term | Yes |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | Yes |
| Do borrowers control deposit in their group? | Yes |
| % loan amount deposited | 20.00% - N/A |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 20.00% - N/A |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | Access During |
| Minimum interest rate paid | 1.00% |
| Maximum interest rate paid | 4.00% |
| Interest payment frequency | End Term |
| Are taxes charged on this product? | No |
| Institution Type | Non Bank Financial Institution |
| Is this institution regulated? | Yes |
| Website address | N/A |
| Year established | 1998 |
| Head of Institution | Mr Tarekegn Bache |
| Regions active | |
| # Branches | 20 |
| Total Portfolio (nat'l) | ETB 37,000,000 |
| Total Portfolio (USD) | USD 2,010,869.57 |
| Active clients with loans | 52,914 |
| Approximate % female clients | 20% - 40% |
| Approximate % urban clients | 20% - 40% |
| Network affiliations | AEMFI, MAIN |
| Funders | Irish Aid (initially), Care Ethiopia |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Agricultural Loan | ETB 300 - 50,000 | 3 - 24 | 0% - 20% | 0% - 20% | Business, Agriculture | Women, Men | Credit Educ, Group Mtgs, Credit Ins | |||||||
| General Loan | ETB 300 - 10,000 | 12 | 40% - 60% | 20% - 40% | Any Purpose | Women, Men, Salaried worker | Credit Educ, Group Mtgs, Credit Ins | |||||||
| Housing Loan | ETB 10,000 - 100,000 | 12 - 24 | 0% - 20% | 80% - 100% | Housing | Women, Men, Have home or land | Credit Ins | |||||||
| Micro and Small Enterprise Loan | ETB 300 - 50,000 | 3 - 24 | 0% - 20% | 80% - 100% | Business | Women, Men, Have business | Credit Educ, Group Mtgs, Credit Ins | |||||||
| Petty Trade Loan | ETB 300 - 100,000 | 3 - 24 | 20% - 40% | 40% - 60% | Business | Women, Men, Have home or land | Credit Educ, Group Mtgs, Credit Ins | |||||||
| Service Loan | ETB 300 - 100,000 | 12 - 24 | 40% - 60% | 60% - 80% | Business | Women, Men, Have business | Credit Educ, Credit Ins |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Agricultural Loan | 12.0% annual, Flat | 1 Fee | 1 Ins | None | 6.0% upfront 20.00 ongoing | 35.6% - 40.4% | 41.9% - 48.8% | 27 | ||||||||
| General Loan | 18.0% annual, Flat | 1 Fee | 1 Ins | None | 6.0% upfront 20.00 ongoing | 35.6% - 35.7% | 42.8% - 46.9% | 40 | ||||||||
| Housing Loan | 15.0%-18.0% annual, Flat | 1 Fee | 1 Ins | None | 6.0% upfront 20.00 ongoing | 28.7% - 35.6% | 34.5% - 44.2% | 41 | ||||||||
| Micro and Small Enterprise Loan | 18.0% annual, Flat | 1 Fee | 1 Ins | None | 6.0% upfront 20.00 ongoing | 28.6% - 35.5% | 32.9% - 41.8% | 51 | ||||||||
| Petty Trade Loan | 18.0% annual, Flat | 1 Fee | 1 Ins | None | 6.0% upfront 20.00 ongoing | 28.7% - 35.7% | 32.9% - 43.7% | 48 | ||||||||
| Service Loan | 18.0% annual, Flat | 1 Fee | 1 Ins | None | 6.0% upfront 20.00 ongoing | 28.7% - 28.8% | 32.9% - 33.1% | 54 |
| Key Statistics | |
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| Loan Portfolio (USD) | |
| % Products using declining balance | |
| % Products with one or more fee | |
| % Products with one or more insurances | |
| % Products with compulsory deposits |
| Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
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