2. PEACE
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. Luz del Valle
Please note that the information you are viewing is 163 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Poverty Eradication and Community Empowerment Yeka SubcityKebele 11/12Addis Ababa, House Number 669PO Box 5743
Data approved: 2011-12-23
Data version: 1
Age of data: 150 months

Institution

Cooperativa Luz Del Valle Av. Abdon calderon 524 e ines gangotenaConcepcion y Santa Rita esquinaSangolqui, Pichincha
Data approved: 2010-11-08
Data version: 1
Age of data: 163 months

Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addresshttp://www.peacemfi.org/
Year established1999
Head of InstitutionMr Tezera Kebede
Regions active
# Branches18

Total Portfolio (nat'l)ETB 44,682,307
Total Portfolio (USD)USD 2,428,386.25
Active clients with loans17,206
Approximate % female clients60% - 80%
Approximate % urban clients0% - 20%
Network affiliationsAEMFI, MAIN, WWB
FundersOxfam Novib, Ethio-Italian Development Cooperation, Agri Service Ethiopia, RUFIP

Institution Details

Institution TypeCredit Union / Cooperative
Is this institution regulated?No
Website addressN/A
Year established2002
Head of InstitutionJOSE JULIO GUALOTUÑA LEMA
Regions active
# Branches9

Total Portfolio (nat'l)USD 11,870,227.05
Total Portfolio (USD)USD 11,870,227.05
Active clients with loans6,420
Approximate % female clients40% - 60%
Approximate % urban clients40% - 60%
Network affiliationsFECOAC, Red Financiera Rural, COLAC, Financoop
Funders

Loan Products » Summary

Agriculture
14,625 Borrowers
USD 2,245,525.44 Portfolio
Active Product
Non-Agri
2,581 Borrowers
USD 182,860.76 Portfolio
Active Product
Individual
47 Borrowers
USD 33,958.32 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 » Summary

Microluz
1,400 Borrowers
USD 3,200,000 Portfolio
Active Product
Oportuno
950 Borrowers
USD 600,000 Portfolio
Active Product
Quirofario
4,070 Borrowers
USD 7,500,000 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Agricultural Loan ETB 2,000 - 5,000 3 - 12 60% - 80% 0% - 20% Business, Agriculture Women, Men, Have business Group Mtgs, Tech Asst Visits, Business Training, Other Training, Savings training
Non-agricultural loan ETB 1,900 - 5,000 3 - 18 80% - 100% 0% - 20% Business Women, Men, Have business Credit Educ, Group Mtgs, Credit Ins, Business Training, Savings training

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Microluz USD 1,500 - 10,000 1 - 24 40% - 60% 40% - 60% Business, Capital de tyrabajo, compra de activos, pago de de, Actividades inherentes al negocio Women, Men, Have business, existencia minima del negocio de un año Credit Ins
Oportuno USD 350 - 1,500 1 - 12 40% - 60% 20% - 40% Any Purpose Women, Men, Have business Credit Ins
Quirofario USD 500 - 20,000 1 - 72 40% - 60% 40% - 60% Any Purpose Women, Men, Salaried worker, propietario de casa si el monto es superior a $5,000 Credit Ins

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Agricultural Loan 18.0% annual, Flat 1 Fee 0 Ins None 10.0% upfront 10.00% ongoing 20.1% - 20.2% 22% - 22.2% 81
Non-agricultural loan 15.0% annual, Flat 1 Fee 0 Ins None 10.0% upfront 30.7% - 30.8% 38.2% - 40.4% 38

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Microluz 19.0%-25.0% annual, Decl Bal 1 Fee 0 Ins None 10.0% upfront 20.3% - 25.3% 22.8% - 28.4% 77
Oportuno 22.5%-26.0% annual, Decl Bal 0 Fees 2 Ins None 10.0% upfront 24.3% - 24.7% 27.2% - 27.6% 82
Quirofario 13.6%-13.8% annual, Decl Bal 0 Fees 1 Ins None 10.0% upfront 13.9% - 14% 15.7% - 15.9% 86

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Agricultural Loan 18.0% annual, Flat 1 Fee 0 Ins Ins None 10.0% upfront 10.00% ongoing 20.1% - 20.2% 22% - 22.2% 81
Non-agricultural loan 15.0% annual, Flat 1 Fee 0 Ins Ins None 10.0% upfront 30.7% - 30.8% 38.2% - 40.4% 38

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Microluz 19.0%-25.0% annual, Decl Bal 1 Fee 0 Ins Ins None 10.0% upfront 20.3% - 25.3% 22.8% - 28.4% 77
Oportuno 22.5%-26.0% annual, Decl Bal 0 Fees 2 Ins Ins None 10.0% upfront 24.3% - 24.7% 27.2% - 27.6% 82
Quirofario 13.6%-13.8% annual, Decl Bal 0 Fees 1 Ins Ins None 10.0% upfront 13.9% - 14% 15.7% - 15.9% 86
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