Please note that the information you are viewing is 97 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Dire Microfinance Head OfficeDire DawaPO Box 2859
Data approved: 2011-12-23
Data version: 1
Age of data: 97 months

Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addressN/A
Year established1996
Head of InstitutionSentayehu Ketema
Regions active
# Branches9

Total Portfolio (nat'l)ETB 17,886,789
Total Portfolio (USD)USD 972,108.10
Active clients with loans5,015
Approximate % female clients40% - 60%
Approximate % urban clients80% - 100%
Network affiliationsAEMFI, MAIN
Funders

Loan Products » Summary

317 Borrowers
USD 88,673.91 Portfolio
Active Product
4,437 Borrowers
USD 534,575 Portfolio
Active Product
187 Borrowers
USD 152,923.91 Portfolio
Active Product
38 Borrowers
USD 52,092.39 Portfolio
Low Volume Product
Note: MFTransparency presents full data for active products with over 50 borrowers. Basic data is shown for lower volume products

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Consumption Loan ETB 2,000 - 10,000 12 - 24 20% - 40% 80% - 100% Any Purpose Women, Men, Salaried worker Credit Educ, Group Mtgs, Tech Asst Visits, Business Training
Group Loan ETB 2,500 - 10,000 1 - 12 60% - 80% 80% - 100% Any Purpose Women, Men Credit Educ, Group Mtgs, Tech Asst Visits, Business Training
Individual Loan ETB 2,500 - 80,000 12 - 36 60% - 80% 80% - 100% Any Purpose Women, Men 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
Consumption Loan 10.0% annual, Decl Bal 1 Fee 0 Ins None N/A 18.1% - 22.1% 18.1% - 22.1% 51
Group Loan 11.5% annual, Decl Bal 1 Fee 0 Ins None N/A 24.2% - 24.5% 24.2% - 24.5% 47
Individual Loan 11.5% annual, Decl Bal 1 Fee 0 Ins None N/A 21.2% - 24.3% 21.2% - 24.3% 51
Institution Price Graph
Please note that the information you are viewing is 97 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Oromia Credit & Savings S.C Bole RoadNr Damu HotelAddis AbabaPO BOX 19853
Data approved: 2011-12-23
Data version: 1
Age of data: 97 months

Product

Agriculture Loan Product 1 of 3 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (ETB)ETB 916,367,900
Portfolio (USD)USD 49,802,603.26
Active Clients with Loans405,776
Approximate % Female Clients20% - 40%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
This is a one-year loan for agricultural purposes including oxen, poultry, fattening, pesticide, fertilisers, seeds, dairy, animal husbandry, small irrigation, land rent, handicraft, honey bee keeping and household asset building.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculturex
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visitsx
Business trainingx
Other trainingx
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a business
Must own a home or land
Must be a salaried worker
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 1,900
Maximum loan size5,000
Loan Term and Grace Period
Shortest loan term12.0 months
Longest loan term12.0 months
Approx average12.0 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end paymentx
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest10.00%
Highest quoted nominal interest15.00%
Reason(s) why interest rate variesNot specified
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 - min3.00%
% of loan amount - max3.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionCredit Insurance
% of loan amount - min1.00%
% of loan amount - max1.50%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation1% scheme cancels repayments if death. 1.5% scheme cancels repayments & pays the family money.
Appears on Repayment Sched?Yes
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 deposited10.00%
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
Taxes
Are taxes charged on this product?No

Full Pricing Data

Agriculture Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountETB 1,900ETB 2,000ETB 3,000ETB 3,500
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2011-03-152011-03-152011-08-102011-08-10
Loan Term (Months)9.0 months9.0 months12.0 months12.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot Known
True Price by Comp       
Interest and Fee Component19.3%19.3%13.4%13.4%
Insurance Component1.5%1.5%1.2%1.2%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component1.9%1.9%1.1%1.1%
Full APR (int fee ins tax dep)22.6%22.6%15.7%15.7%
Transparency Index44446464
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
Agriculture Loan Price Graphs


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