Please note that the information you are viewing is 105 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE


Addis Credit and Savings Institution Head OfficeAddis AbabaPO Box 5667
Data approved: 2012-01-13
Data version: 1
Age of data: 105 months


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Product Details

Key Statistics
Outstanding portfolio (ETB)ETB 516,753,605
Portfolio (USD)USD 28,084,435.05
Active Clients with Loans165,464
Approximate % Female Clients40% - 60%
Approximate % Urban Clients80% - 100%
Solidarity groupx
Village banking
Self help group
These are micro and small business loans for individuals, groups and cooperatives.
Loan Purpose
Any purpose
Income generationx
Consumer loan
Other household finance
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visitsx
Business training
Other training
Other (2)
No other services
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age group
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
Minimum loan sizeETB 700
Maximum loan size1,000,000
Loan Term and Grace Period
Shortest loan term7.0 months
Longest loan term36.0 months
Approx average24.0 months
Grace Period
Grace period usage90%
Average grace period2.0 months
Repayment Frequency
Every 2 weeks
Every 4 weeks
Every 2 months
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Lowest quoted nominal interest10.00%
Highest quoted nominal interest10.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
Ongoing Fees
Fee 1
DescriptionService Charge
% of loan amount - min2.00%
% of loan amount - max2.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Upfront Insurance Fees
Ins 1
DescriptionLoan Insurance
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
Is deposit indicated on the repayment schedule?
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited5.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid5.00%
Maximum interest rate paid5.00%
Interest payment frequencyAnnually
Are taxes charged on this product?No

Full Pricing Data

Micro & Small Business Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountETB 2,500ETB 3,000ETB 5,000ETB 10,000ETB 24,000ETB 30,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2011-08-162011-08-262011-08-092011-08-122011-09-052011-08-17
Loan Term (Months)23.0 months24.0 months24.0 months29.0 months31.0 months31.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot KnownNot KnownNot Known
True Price by Comp           
Interest and Fee Component19.9%18.4%19.8%19.4%19.3%17.7%
Insurance Component1.6%1.4%1.5%1.4%1.4%1.4%
Tax Component0.0%0.0%0.0%0.0%0.0%0.0%
Deposit Component1.6%1.4%1.6%1.6%1.5%1.4%
Full APR (int fee ins tax dep)23.1%21.3%22.9%22.4%22.3%20.5%
Transparency Index434744454549
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
Micro & Small Business Loan Price Graphs

Please note that the information you are viewing is 86 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE


Innovative Finance The Ghana Tours Building, C122/2 Farrar AvenueAdabrakaAccra, Greater AccraP.O. Box CT 153
Data approved: 2013-03-20
Data version: 2
Age of data: 86 months

Institution Details

Institution TypeNon-Governmental Organization
Is this institution regulated?Yes
Website address
Year established1999
Head of InstitutionSheila Azuntaba
Regions activeGreater Accra Region, Northern Region
# Branches2

Total Portfolio (nat'l)GHS 698,000
Total Portfolio (USD)USD 354,314.72
Active clients with loans2,756
Approximate % female clients60% - 80%
Approximate % urban clients60% - 80%
Network affiliationsGhana Cooperative of Susu Collectors Association, ASSFIN

Loan Products » Summary

231 Borrowers
USD 39,593.91 Portfolio
Active Product
275 Borrowers
USD 27,918.78 Portfolio
Active Product
2,250 Borrowers
USD 286,802.03 Portfolio
Active Product
Retired Product
Retired Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Individual Small Enterprise Loan GHS 2,000 - 10,000 6 - 18 60% - 80% 80% - 100% Business, Consumer, Education Women, Men, Have business, Salaried worker, Must be Innovative Finance client for at least a year Credit Educ, Credit Ins, Tech Asst Visits, Business Training
Susu Loan GHS 200 - 1,500 3 - 8 60% - 80% 60% - 80% Business, Education, Other Women, Men, Have business, Specific age group, Must contribute daily savings prior to receiving loan. Must have guarantor., Must have been working for the past 2-3 years Credit Educ, Tech Asst Visits, Business Training, Other Training
Group Loan GHS 300 - 800 4 - 5 100% 20% - 40% Business Women Credit Educ, Tech Asst Visits, Business Training

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Individual Small Enterprise Loan 60.00%-84.00% annual, Flat 1 Fee 1 Ins None 30.00% upfront 105.8% - 121.6% 194% - 216.6% 29
Susu Loan 60.00%-84.00% annual, Flat 2 Fees 1 Ins None 30.00% upfront 99.5% - 131.9% 166.9% - 235.4% 28
Group Loan 42.00%-60.00% annual, Flat 2 Fees 0 Ins None 10.00%-15.00% upfront 118.2% - 119.5% 143.7% - 154.4% 28
Institution Price Graph
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Key Statistics
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# Countries
# Borrowers
Loan Portfolio (USD)
% Products using declining balance
% Products with one or more fee
% Products with one or more insurances
% Products with compulsory deposits
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