2. Meklit
Please note that the information you are viewing is 150 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. BestFUND
Please note that the information you are viewing is 132 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Meklit MFI Ayer TenaAddis AbabaPO Box 27634
Data approved: 2011-12-23
Data version: 1
Age of data: 150 months

Institution

BestFUND P.O. Box CT 5217Cantoments, Accra, Greater Accra233
Data approved: 2011-12-07
Data version: 1
Age of data: -   months 
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Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addressN/A
Year established2000
Head of InstitutionTeshome Yiheyis
Regions active
# Branches21

Total Portfolio (nat'l)ETB 25,963,550
Total Portfolio (USD)USD 1,411,062.50
Active clients with loans12,300
Approximate % female clients40% - 60%
Approximate % urban clients0% - 20%
Network affiliationsAEMFI
FundersDevelopment Bank of Ethiopia RUFIP, EU

Institution Details

Institution TypeNon-Governmental Organization
Is this institution regulated?No
Website addressN/A
Year established2005
Head of InstitutionDr. Emmanuel Shaft Boamah
Regions active0
# Branches3

Total Portfolio (nat'l)GHS 3,942,900
Total Portfolio (USD)USD 2,628,600
Active clients with loans10,062
Approximate % female clients60% - 80%
Approximate % urban clients0% - 20%
Network affiliationsGHAMFIN, ASSFIN, AMT
Funders

Loan Products » Summary

Agriculture
9,307 Borrowers
USD 778,073.39 Portfolio
Active Product
Business Grp
1,500 Borrowers
USD 244,565.22 Portfolio
Active Product
Business Idv
616 Borrowers
USD 234,347.83 Portfolio
Active Product
Consumption
850 Borrowers
USD 138,586.96 Portfolio
Active Product

Loan Products » Summary

Capacity
2,013 Borrowers
USD 525,720 Portfolio
Active Product
Group Loan
5,033 Borrowers
USD 1,314,300 Portfolio
Active Product
Individual
3,019 Borrowers
USD 788,580 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Agriculture Loan ETB 3,000 - 9,000 8 - 12 40% - 60% 0% - 20% Business, Agriculture Women, Men Credit Educ, Group Mtgs, Credit Ins
Business Loan - Group ETB 1,000 - 18,000 12 - 24 40% - 60% 60% - 80% Business Women, Men, Have business Credit Educ, Group Mtgs, Credit Ins
Business Loan - Individual ETB 8,000 - 50,000 12 - 24 20% - 40% 60% - 80% Business Women, Men, Have business Credit Educ, Credit Ins
Individual (Consumption) Loan ETB 10,000 - 50,000 12 - 24 40% - 60% 60% - 80% Any Purpose Women, Men, Salaried worker Credit Educ, Credit Ins

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Capacity Loan GHS 3,000 - 8,000 6 - 10 60% - 80% 0% - 20% Business, Education Women, Men, Have business, Salaried worker Credit Ins, Tech Asst Visits
Group Loan GHS 2,000 - 10,000 5 - 8 80% - 100% 0% - 20% Business, Education, Land Women, Men, Have business, Salaried worker Group Mtgs, Tech Asst Visits
Individual Loan GHS 500 - 1,000 4 - 6 60% - 80% 0% - 20% Business, petty traders Women, Men, Have business Credit Ins

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Agriculture Loan 20.0% annual, Flat 1 Fee 1 Ins None 5.0%-15.0% upfront 5.00%-15.00% ongoing 38.7% - 39.1% 46.4% - 51.1% 41
Business Loan - Group 20.0% annual, Flat 1 Fee 1 Ins None 5.0%-15.0% upfront 5.00%-15.00% ongoing 35.7% - 45.6% 43.2% - 56% 39
Business Loan - Individual 22.0% annual, Flat 1 Fee 1 Ins None 5.0%-15.0% upfront 5.00%-15.00% ongoing 38.1% - 40% 43.6% - 46.6% 49
Individual (Consumption) Loan 16.0%-20.0% annual, Flat 1 Fee 1 Ins None 5.0%-15.0% upfront 5.00%-15.00% ongoing 29% - 41.9% 33.6% - 50% 40

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Capacity Loan 48.0%-96.0% annual, Flat 1 Fee 0 Ins None 30.0% upfront 79.6% - 174.1% 139.6% - 312.4% 23
Group Loan 72.0% annual, Flat 1 Fee 0 Ins None 15.0% upfront 114.9% - 129.6% 147.8% - 168.6% 46
Individual Loan 48.0%-96.0% annual, Flat 1 Fee 0 Ins None 10.0% upfront 152.1% - 170.4% 177.2% - 200.3% 25

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Agriculture Loan 20.0% annual, Flat 1 Fee 1 Ins Ins None 5.0%-15.0% upfront 5.00%-15.00% ongoing 38.7% - 39.1% 46.4% - 51.1% 41
Business Loan - Group 20.0% annual, Flat 1 Fee 1 Ins Ins None 5.0%-15.0% upfront 5.00%-15.00% ongoing 35.7% - 45.6% 43.2% - 56% 39
Business Loan - Individual 22.0% annual, Flat 1 Fee 1 Ins Ins None 5.0%-15.0% upfront 5.00%-15.00% ongoing 38.1% - 40% 43.6% - 46.6% 49
Individual (Consumption) Loan 16.0%-20.0% annual, Flat 1 Fee 1 Ins Ins None 5.0%-15.0% upfront 5.00%-15.00% ongoing 29% - 41.9% 33.6% - 50% 40

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Capacity Loan 48.0%-96.0% annual, Flat 1 Fee 0 Ins Ins None 30.0% upfront 79.6% - 174.1% 139.6% - 312.4% 23
Group Loan 72.0% annual, Flat 1 Fee 0 Ins Ins None 15.0% upfront 114.9% - 129.6% 147.8% - 168.6% 46
Individual Loan 48.0%-96.0% annual, Flat 1 Fee 0 Ins Ins None 10.0% upfront 152.1% - 170.4% 177.2% - 200.3% 25
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Key Statistics
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Loan Portfolio (USD)
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% Products with one or more fee
% Products with one or more insurances
% Products with compulsory deposits
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