| Number borrowers | 616 |
| Loan Amount (range) | ETB 8,000 - 50,000 |
| Loan Term (range) | 12 - 24 |
| Other Services (text summary) | Credit Educ, Credit Ins |
| Annual Interest & Method | 22.0% annual, Flat |
| Fees | 2.00% upfront |
| Insurance | upfront |
| Tax | None |
| Comp Dep | 5.0%-15.0% upfront 5.00%-15.00% ongoing |
| Range of pricing | |
| Interest Price Component | N/A |
| Fee Component | 38.1% - 40.0% (Int+Fee) |
| Insurance Component | 1.1% - 5.4% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 43.6% - 46.6% |
| Transparency Index (min/max) | 32 - 50 |
| Transparency Index (average) | 49 |
| 824 |
| USD 3,000 - 692,000 |
| 24 - 120 |
| Credit Educ |
| 10.0%-16.0% annual, Decl Bal |
| None |
| None |
| 0.15% Principal |
| N/A |
| 12.5% - 26.6% |
| 0 |
| 0 |
| 0 |
| 13.1% - 14.1% |
| 37 - 83 |
| 65 |
| Outstanding portfolio (ETB) | ETB 4,312,000 |
| Portfolio (USD) | USD 234,347.83 |
| Active Clients with Loans | 616 |
| Approximate % Female Clients | 20% - 40% |
| Approximate % Urban Clients | 60% - 80% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | |
| Credit insurance | x |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services |
| Men | x |
| Women | x |
| Must run a business | x |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Outstanding portfolio (USD) | USD 19,108,539 |
| Portfolio (USD) | USD 19,108,539 |
| Active Clients with Loans | 824 |
| Approximate % Female Clients | 20% - 40% |
| Approximate % Urban Clients | 60% - 80% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | x |
| Income generation | |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | |
| Credit insurance | |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services |
| Men | x |
| Women | x |
| Must run a business | x |
| Must own a home or land | x |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | 9 |
| # Regions for this product | 9 |
| Regions Active | Beni , Chuquisaca , Cochabamba , La Paz , Oruro , Pando , Potosí, Santa Cruz, Tarija |
| Currency | ETB |
| Minimum loan size | ETB 8,000 |
| Maximum loan size | 50,000 |
| Shortest loan term | 12.0 months |
| Longest loan term | 24.0 months |
| Approx average | 12.0 months |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Currency | USD |
| Minimum loan size | USD 3,000 |
| Maximum loan size | 692,000 |
| Loans less than USD 1,500 | 0 |
| USD 1,500-5,000 | 5% |
| USD 5,000-10,000 | 10% |
| USD 10,000-15,000 | 15% |
| USD 15,000-18,000 | 10% |
| Greater than USD 18,000 | 10% |
| Shortest loan term | 24.0 months |
| Longest loan term | 120.0 months |
| Approx average | 81.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 0 |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 100% |
| Grace period usage | 10% |
| Average grace period | DK |
| Daily | |
| Weekly | x |
| Every 2 weeks | x |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | x |
| Quarterly | x |
| Every 6 months | x |
| Every 12 months | x |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 22.00% |
| Highest quoted nominal interest | 22.00% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Service Charge |
| % of loan amount - min | 2.00% |
| % of loan amount - max | 2.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | |
| Appears on Repayment Sched? | Yes |
| Ins 1 | |
|---|---|
| Description | Loan Insurance |
| % of loan amount - min | 0 |
| % of loan amount - max | 1.50% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | <1000 ETB=1%,<2000 birr=1.2%,<3000 ETB=1.3%, <4000ETB=1.4%, <5000 ETB=1.5%. Over 5000 ETB=0 |
| Appears on Repayment Sched? | Yes |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | Yes |
| Do borrowers control deposit in their group? |
| % loan amount deposited | 5.00% - 15.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 5.00% - 15.00% |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | End Term |
| Minimum interest rate paid | 5.00% |
| Maximum interest rate paid | 5.00% |
| Interest payment frequency | Annually |
| Are taxes charged on this product? | No |
| Lowest quoted nominal interest | 10.00% |
| Highest quoted nominal interest | 16.00% |
| Reason(s) why interest rate varies | Time as Client, Loan Size, Client Risk, Collateral |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | No |
| Required for | Never |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | N/A |
| Do borrowers control deposit in their group? | N/A |
| % loan amount deposited | N/A |
| or, Fixed-amount deposited | N/A |
| % loan amount deposited | N/A |
| or, Fixed-amount deposited | N/A |
| Conditions on access to deposit | N/A |
| Minimum interest rate paid | N/A |
| Maximum interest rate paid | N/A |
| Interest payment frequency | N/A |
| Are taxes charged on this product? | Yes |
| Percentage of fees | 0 |
| All or some fees taxed | N/A |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | ETB 10,000 | ETB 40,000 | ETB 50,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2011-06-25 | 2011-10-25 | 2011-08-15 | ||
| Loan Term (Months) | 24.0 months | 36.0 months | 36.0 months | ||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
| Total Cost of Credit | Not Known | Not Known | Not Known | ||
| True Price by Comp | |||||
| Interest and Fee Component | 40.0% | 38.1% | 38.1% | ||
| Insurance Component | 1.7% | 1.3% | 1.3% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 4.9% | 4.2% | 4.2% | ||
| Full APR (int fee ins tax dep) | 46.6% | 43.6% | 43.6% | ||
| Transparency Index | 47 | 50 | 50 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | USD 6,000 | USD 12,000 | USD 18,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2013-11-26 | 2014-01-05 | 2014-02-10 | ||
| Loan Term (Months) | 37.0 months | 73.0 months | 97.0 months | ||
| Grace Period (Months) | 0.0 months | 0.0 months | -0.1 months | ||
| Total Cost of Credit | USD 1,245.53 | USD 5,172.93 | USD 9,576.24 | ||
| True Price by Comp | |||||
| Interest price component | 13.3% | 14.1% | 13.1% | ||
| Fee Component | 0.0% | 0.0% | 0.0% | ||
| Insurance Component | 0.0% | 0.0% | 0.0% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 0.0% | 0.0% | 0.0% | ||
| Full APR (int fee ins tax dep) | 13.3% | 14.1% | 13.1% | ||
| Transparency Index | 49 | 71 | 76 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| 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 |
| Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
|---|---|---|---|---|---|---|---|
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