Institution Type | Non Bank Financial Institution |
Is this institution regulated? | Yes |
Website address | N/A |
Year established | 2000 |
Head of Institution | Teshome Yiheyis |
Regions active | |
# Branches | 21 |
Total Portfolio (nat'l) | ETB 25,963,550 |
Total Portfolio (USD) | USD 1,411,062.50 |
Active clients with loans | 12,300 |
Approximate % female clients | 40% - 60% |
Approximate % urban clients | 0% - 20% |
Network affiliations | AEMFI |
Funders | Development Bank of Ethiopia RUFIP, EU |
Institution Type | Private 'For-Profit' |
Is this institution regulated? | N/A |
Website address | N/A |
Year established | 2007 |
Head of Institution | PN Vasudevan |
Regions active | 0 |
# Branches | 200 |
Total Portfolio (nat'l) | INR 7,037,928,578 |
Total Portfolio (USD) | USD 156,398,412.80 |
Active clients with loans | 880,000 |
Approximate % female clients | 80% - 100% |
Approximate % urban clients | 80% - 100% |
Network affiliations |
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 |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Additional Micro Credit - Upcountry | INR 3,000 - 3,000 | 12 | 80% - 100% | 80% - 100% | Business | Women, Have business | Credit Educ, Group Mtgs, Credit Ins | |||||||
Additional Micro credit -Metro | INR 3,000 - 3,000 | 12 | 80% - 100% | 80% - 100% | Business | Women, Have business | Credit Educ, Group Mtgs, Credit Ins | |||||||
Additional Micro-Credit | INR 3,000 - 3,000 | 6 - 9 | 80% - 100% | 80% - 100% | Business | Women, Have business | Credit Educ, Group Mtgs, Credit Ins | |||||||
Gurukul Loan | INR 3,035 - 6,000 | 12 | 80% - 100% | 80% - 100% | Education | Women, Have business, if the business is run by the client's husband; and the client has an active role in the day-to-day | Group Mtgs | |||||||
Primary Loans - Metro | INR 10,100 - 15,000 | 23 - 24 | 80% - 100% | 80% - 100% | Business | Women, Have business, either client runs business or husband runs busines | Credit Educ, Group Mtgs, Credit Ins | |||||||
Primary loans - Rural | INR 10,100 - 15,000 | 23 - 24 | 80% - 100% | 0% - 20% | Business | Women, Have business, Either client runs business or husband runs business | Credit Educ, Group Mtgs, Credit Ins | |||||||
Primary Loans - Upcountry | INR 10,100 - 15,000 | 23 - 24 | 80% - 100% | 80% - 100% | Business | Women, Have business, Either client runs business or husband runs business | Credit Educ, Group Mtgs, Credit Ins | |||||||
Primary Loans | INR 10,100 - 12,000 | 24 | 80% - 100% | 80% - 100% | Business | Women, Have business, either client runs business or husband runs business and the client has an active role | Credit Educ, Group Mtgs, Credit Ins | |||||||
Second cycle loan - Metro | INR 10,100 - 17,500 | 18 - 24 | 80% - 100% | 80% - 100% | Business | Women, Have business | Credit Educ, Group Mtgs, Credit Ins | |||||||
Second Cycle Loan - Upcountry | INR 10,100 - 17,500 | 18 - 24 | 80% - 100% | 80% - 100% | Business | Women, Have business | Credit Educ, Group Mtgs, Credit Ins | |||||||
Second Cycle Loan | INR 10,100 - 17,500 | 18 - 24 | 80% - 100% | 80% - 100% | Business | Women, Have business | Credit Educ, Group Mtgs, Credit Ins | |||||||
Shiksha Loan | INR 750 - 5,000 | 12 | 80% - 100% | 80% - 100% | Education | Women, Have business, if the business is run by the client's husband; and the client has an active role in the day-to-day | ||||||||
Third Cycle Loan | INR 10,100 - 15,000 | 24 | 80% - 100% | 0% | Business | Women, Have business | Credit Educ, Group Mtgs | |||||||
Vidya loan - Metro | INR 3,000 - 3,000 | 12 | 80% - 100% | 80% - 100% | Education | Women, Have business | Credit Educ, Group Mtgs, Credit Ins | |||||||
Vidya loan - Upcountry | INR 3,000 - 3,000 | 12 | 80% - 100% | 80% - 100% | Education | Women, Have business | Group Mtgs, Credit Ins | |||||||
Vidya Loan | INR 3,000 - 3,000 | 12 | 80% - 100% | 80% - 100% | Education | Women, Have business | Credit Educ, Group Mtgs, Credit Ins |
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 |
Product Name | APR (int) | MFIN MFI Earning (Annualised) | MFIN Cost to Borrower (Annualised) | COMPLIANCE WITH RBI GUIDELINES ON INTEREST METHOD | COMPLIANCE WITH RBI GUIDELINES ON PROCESSING FEES | COMPLIANCE WITH RBI GUIDELINES ON INSURANCE PREMIUM | MFIN Transparency Index | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Additional Micro Credit - Upcountry | 0% | 25.7% | 26.5% | N/A | ||||||||||
Additional Micro credit -Metro | 0% | 0% | 0% | N/A | ||||||||||
Additional Micro-Credit | 0% | 0% | 0% | N/A | ||||||||||
Gurukul Loan | 0% | 20.1% - 21.2% | 20.1% - 21.2% | N/A | ||||||||||
Primary Loans - Metro | 0% | 0% | 0% | N/A | ||||||||||
Primary loans - Rural | 0% | 28.5% | 29.4% | N/A | ||||||||||
Primary Loans - Upcountry | 0% | 27.5% | 28.4% | N/A | ||||||||||
Primary Loans | 0% | 0% | 0% | N/A | ||||||||||
Second cycle loan - Metro | 0% | 0% | 0% | N/A | ||||||||||
Second Cycle Loan - Upcountry | 0% | 27.5% | 28.4% | N/A | ||||||||||
Second Cycle Loan | 0% | 0% | 0% | N/A | ||||||||||
Shiksha Loan | 0% | 20.9% - 22% | 20.9% - 22% | N/A | ||||||||||
Third Cycle Loan | 0% | 0% | 0% | N/A | ||||||||||
Vidya loan - Metro | 0% | 24.5% | 25.3% | N/A | ||||||||||
Vidya loan - Upcountry | 0% | 25.7% | 26.5% | N/A | ||||||||||
Vidya Loan | 0% | 0% | 0% | N/A |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Additional Micro Credit - Upcountry | 25.5% annual, Decl Bal | 1 Fee | 0 Ins | None | N/A | 25.7% | 26.5% | 96 | ||||||||
Additional Micro credit -Metro | 24.5% annual, Decl Bal | 1 Fee | 0 Ins | None | N/A | 0% | 0% | N/A | ||||||||
Additional Micro-Credit | 25.3%-26.3% annual, Decl Bal | 0 Fees | 0 Ins | None | N/A | 0% | 0% | N/A | ||||||||
Gurukul Loan | 21.0% annual, Decl Bal | 0 Fees | 0 Ins | None | N/A | 20.1% - 21.2% | 20.1% - 21.2% | N/A | ||||||||
Primary Loans - Metro | 26.5%-28.3% annual, Decl Bal | 1 Fee | 0 Ins | None | N/A | 0% | 0% | N/A | ||||||||
Primary loans - Rural | 28.5%-30.2% annual, Decl Bal | 1 Fee | 0 Ins | None | N/A | 28.5% | 29.4% | 97 | ||||||||
Primary Loans - Upcountry | 27.5%-29.2% annual, Decl Bal | 2 Fees | 0 Ins | None | N/A | 27.5% | 28.4% | 97 | ||||||||
Primary Loans | 26.0% annual, Decl Bal | 1 Fee | 0 Ins | None | N/A | 0% | 0% | N/A | ||||||||
Second cycle loan - Metro | 26.5% annual, Decl Bal | 1 Fee | 0 Ins | None | N/A | 0% | 0% | N/A | ||||||||
Second Cycle Loan - Upcountry | 27.5% annual, Decl Bal | 1 Fee | 0 Ins | None | N/A | 27.5% | 28.4% | 97 | ||||||||
Second Cycle Loan | 26.0% annual, Decl Bal | 2 Fees | 0 Ins | None | N/A | 0% | 0% | N/A | ||||||||
Shiksha Loan | 21.0% annual, Decl Bal | 0 Fees | 0 Ins | None | N/A | 20.9% - 22% | 20.9% - 22% | N/A | ||||||||
Third Cycle Loan | 25.4% annual, Decl Bal | 1 Fee | 1 Ins | None | N/A | 0% | 0% | N/A | ||||||||
Vidya loan - Metro | 24.5% annual, Decl Bal | 2 Fees | 0 Ins | None | N/A | 24.5% | 25.3% | N/A | ||||||||
Vidya loan - Upcountry | 25.5% annual, Decl Bal | 1 Fee | 0 Ins | None | N/A | 25.7% | 26.5% | 96 | ||||||||
Vidya Loan | 24.5%-26.5% annual, Decl Bal | 2 Fees | 0 Ins | None | N/A | 0% | 0% | N/A |
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 |
Product Name | APR (int) | MFIN MFI Earning (Annualised) | MFIN Cost to Borrower (Annualised) | COMPLIANCE WITH RBI GUIDELINES ON INTEREST METHOD | COMPLIANCE WITH RBI GUIDELINES ON PROCESSING FEES | COMPLIANCE WITH RBI GUIDELINES ON INSURANCE PREMIUM | MFIN Transparency Index | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Additional Micro Credit - Upcountry | 0% | 25.7% | 26.5% | N/A | ||||||||||
Additional Micro credit -Metro | 0% | 0% | 0% | N/A | ||||||||||
Additional Micro-Credit | 0% | 0% | 0% | N/A | ||||||||||
Gurukul Loan | 0% | 20.1% - 21.2% | 20.1% - 21.2% | N/A | ||||||||||
Primary Loans - Metro | 0% | 0% | 0% | N/A | ||||||||||
Primary loans - Rural | 0% | 28.5% | 29.4% | N/A | ||||||||||
Primary Loans - Upcountry | 0% | 27.5% | 28.4% | N/A | ||||||||||
Primary Loans | 0% | 0% | 0% | N/A | ||||||||||
Second cycle loan - Metro | 0% | 0% | 0% | N/A | ||||||||||
Second Cycle Loan - Upcountry | 0% | 27.5% | 28.4% | N/A | ||||||||||
Second Cycle Loan | 0% | 0% | 0% | N/A | ||||||||||
Shiksha Loan | 0% | 20.9% - 22% | 20.9% - 22% | N/A | ||||||||||
Third Cycle Loan | 0% | 0% | 0% | N/A | ||||||||||
Vidya loan - Metro | 0% | 24.5% | 25.3% | N/A | ||||||||||
Vidya loan - Upcountry | 0% | 25.7% | 26.5% | N/A | ||||||||||
Vidya Loan | 0% | 0% | 0% | N/A |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Additional Micro Credit - Upcountry | 25.5% annual, Decl Bal | 1 Fee | 0 Ins Ins | None | N/A | 25.7% | 26.5% | 96 | ||||||||
Additional Micro credit -Metro | 24.5% annual, Decl Bal | 1 Fee | 0 Ins Ins | None | N/A | 0% | 0% | N/A | ||||||||
Additional Micro-Credit | 25.3%-26.3% annual, Decl Bal | 0 Fees | 0 Ins Ins | None | N/A | 0% | 0% | N/A | ||||||||
Gurukul Loan | 21.0% annual, Decl Bal | 0 Fees | 0 Ins Ins | None | N/A | 20.1% - 21.2% | 20.1% - 21.2% | N/A | ||||||||
Primary Loans - Metro | 26.5%-28.3% annual, Decl Bal | 1 Fee | 0 Ins Ins | None | N/A | 0% | 0% | N/A | ||||||||
Primary loans - Rural | 28.5%-30.2% annual, Decl Bal | 1 Fee | 0 Ins Ins | None | N/A | 28.5% | 29.4% | 97 | ||||||||
Primary Loans - Upcountry | 27.5%-29.2% annual, Decl Bal | 2 Fees | 0 Ins Ins | None | N/A | 27.5% | 28.4% | 97 | ||||||||
Primary Loans | 26.0% annual, Decl Bal | 1 Fee | 0 Ins Ins | None | N/A | 0% | 0% | N/A | ||||||||
Second cycle loan - Metro | 26.5% annual, Decl Bal | 1 Fee | 0 Ins Ins | None | N/A | 0% | 0% | N/A | ||||||||
Second Cycle Loan - Upcountry | 27.5% annual, Decl Bal | 1 Fee | 0 Ins Ins | None | N/A | 27.5% | 28.4% | 97 | ||||||||
Second Cycle Loan | 26.0% annual, Decl Bal | 2 Fees | 0 Ins Ins | None | N/A | 0% | 0% | N/A | ||||||||
Shiksha Loan | 21.0% annual, Decl Bal | 0 Fees | 0 Ins Ins | None | N/A | 20.9% - 22% | 20.9% - 22% | N/A | ||||||||
Third Cycle Loan | 25.4% annual, Decl Bal | 1 Fee | 1 Ins Ins | None | N/A | 0% | 0% | N/A | ||||||||
Vidya loan - Metro | 24.5% annual, Decl Bal | 2 Fees | 0 Ins Ins | None | N/A | 24.5% | 25.3% | N/A | ||||||||
Vidya loan - Upcountry | 25.5% annual, Decl Bal | 1 Fee | 0 Ins Ins | None | N/A | 25.7% | 26.5% | 96 | ||||||||
Vidya Loan | 24.5%-26.5% annual, Decl Bal | 2 Fees | 0 Ins Ins | None | N/A | 0% | 0% | N/A |
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