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Institution

Buusaa Gonofaa MFI Debrezeit RoadKirkos SubcityAddis AbabaPO Box 24850
Data approved: 2011-12-23
Data version: 1
Age of data: 97 months

Product

Employee Loan Product 1 of 4 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (ETB)ETB 13,000,000
Portfolio (USD)USD 706,521.74
Active Clients with Loans5,000
Approximate % Female Clients20% - 40%
Approximate % Urban Clients80% - 100%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
This loan is for salaried employees, paid on a monthly payroll deduction. It is usually used for consumption purposes.
Loan Purpose
Any purposex
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurance
Workplace visits
Business training
Other training
Other
Other (2)
No other servicesx
Eligibility
Menx
Womenx
Must run a business
Must own a home or land
Must be a salaried workerx
Must be specific age group
Other
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
CurrencyETB
Minimum loan sizeETB 500
Maximum loan size10,000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term24.0 months
Approx average12.0 months
Grace Period
Grace period usage100%
Average grace perioddk
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest12.60%
Highest quoted nominal interest12.60%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionService Charge
% of loan amount - min2.00%
% of loan amount - max2.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited5.00% - N/A
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
Taxes
Are taxes charged on this product?No

Full Pricing Data

Employee Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountETB 2,900ETB 3,400ETB 3,900ETB 4,500ETB 5,900
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2011-02-162011-02-162011-02-162011-02-162011-02-16
Loan Term (Months)12.0 months12.0 months12.0 months12.0 months12.0 months
Grace Period (Months)25.0 months25.0 months25.0 months25.0 months25.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot KnownNot Known
True Price by Comp         
Interest and Fee Component23.2%23.2%23.2%23.2%23.2%
Insurance Component0.0%0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component1.7%1.7%1.7%1.7%1.7%
Full APR (int fee ins tax dep)24.9%24.9%24.9%24.9%24.9%
Transparency Index5151515151
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF
Employee Loan Price Graphs


Institution # Borrowers Portfolio (US$) Products Age of Data
Banco Solidario79,700221,716,0001110
CEPESIU2,000939,0004110
COAC 4 Octubre2,2005,771,0002110
COAC Ambato1,30016,415,0002110
COAC FondVida2,5004,200,0004110
COAC LaBenefica2,5008,482,0006110
COAC MCCH5,30010,020,0002110
COAC Nacional30,70027,129,0002110
COAC San José10,40029,133,0005110
COAC SanAntonio1,0002,384,0003110
COAC SantaAnita2,0002,532,0006110
Codesarrollo14,40040,328,0007110
Coop San Miguel1,8004,754,0005107
CooP VPR7001,052,0004110
Cooprogreso7,90032,244,0004110
Credi Fe100,900380,039,0004110
D^Miro36,90027,692,0009103
DECOF2,200705,0002110
Espoir62,10021,036,0005110
FODEMI28,20012,924,0003110
Fundacion Alternativa4,3005,545,0002110
FUNDAMIC2,0001,468,0002110
INSOTEC7,0006,047,0004110
Luz del Valle6,40011,300,0003110
ProCredit43,800211,941,0002110
PS Ambato5,6002,771,0001110
Caps / Zoom options
Key Statistics
# Samples:
# Products
# Institutions
# 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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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