2. SFPI
Please note that the information you are viewing is 151 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. KREDIT
Please note that the information you are viewing is 133 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Specialised Financial and Promotional Institution Bole Sub CityAddis AbabaPO Box 10689
Data approved: 2011-12-23
Data version: 1
Age of data: 151 months

Institution

KREDIT Microfinance Institution Plc. #17, Street 163ChamkarmornPhnom Penh
Data approved: 2013-04-23
Data version: 3
Age of data: 133 months
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Product Summary

Number borrowers1,500
Loan Amount (range)ETB 10,000 - 120,000
Loan Term (range)12 - 30
Other Services (text summary)Credit Educ, Business Training
Annual Interest & Method16.0%-20.0% annual, Flat
FeesNone
InsuranceNone
TaxNone
Comp Dep5.0%-10.0% upfront
Range of pricing 
Interest Price ComponentN/A
Fee Component29.4% - 30.9% (Int+Fee)
Insurance Component0
Tax Component Range0
Full APR (int fee ins tax dep)34.4% - 36.0%
Transparency Index (min/max)44 - 52
Transparency Index (average)45

Product Summary

24,845
USD 100 - 20,000
4 - 36
19.8%-36.0% annual, Decl Bal
None
None
None
N/A
 
21.7% - 36.1%
0 - 0.8%
0
0
21.8% - 30.7%
65 - 107
73

Product Details

Key Statistics
Outstanding portfolio (ETB)ETB 2,400,000
Portfolio (USD)USD 130,434.78
Active Clients with Loans1,500
Approximate % Female Clients40% - 60%
Approximate % Urban Clients80% - 100%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
This product targets urban clients and is offered on individual basis. The loan is backed by personal guarantee (e.g. salary or property)
Loan Purpose
Any purposex
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetings
Credit insurance
Workplace visits
Business trainingx
Other training
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

Product Details

Key Statistics
Outstanding portfolio (USD)USD 42,321,723.05
Portfolio (USD)USD 42,321,723.05
Active Clients with Loans24,845
Approximate % Female Clients80% - 100%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
ID USD product is an option for client who invests or develops their business activities by using loan in USD.
Loan Purpose
Any purpose
Income generationx
Mortgage/housingx
Consumer loanx
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurance
Workplace visits
Business training
Other training
Other
Other (2)
No other servicesx
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or landx
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 institution12
# Regions for this product13
Regions ActiveBanteay Meanchey, Battambang, Kampong Cham, Kampong Chhnang, Kampong Speu, Kampot, KandalKratié, Phnom Penh, Prey VengSiem Reap, Svay Rieng, Takéo

Loan Conditions

Loan Amount
CurrencyETB
Minimum loan sizeETB 10,000
Maximum loan size120,000
Loan Term and Grace Period
Shortest loan term12.0 months
Longest loan term30.0 months
Approx average18.0 months
Grace Period
Grace period usage10%
Average grace period3.0 months
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterlyx
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyUSD
Minimum loan sizeUSD 100
Maximum loan size20,000
Distribution at Disbursement (Est.)
Loans less than USD 2505%
USD 250-1,00015%
USD 1,000-1,50015%
USD 1,500-2,00015%
USD 2,000-2,50015%
Greater than USD 2,50015%
Loan Term and Grace Period
Shortest loan term4.0 months
Longest loan term36.0 months
Approx average20.4 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months5%
Between 7 and 9 months5%
Between 10 and 12 months20%
Between 13 and 18 months30%
Longer than 18 months40%
Grace Period
Grace period usage10%
Average grace period3.0 months
Repayment Frequency
Daily
Weeklyx
Every 2 weeksx
Every 4 weeksx
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest16.00%
Highest quoted nominal interest20.00%
Reason(s) why interest rate variesDepends on repayment frequency
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
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 deposited5.00% - 10.00%
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
Additional Comments
10% compulsory savings on loan size up to 5000 ETB, and 5% for above 5000 ETB. Interest on savings is paid every 6 months. Client can access any savings saved afer the first term of savings.

Pricing Information

Interest
Lowest quoted nominal interest1.65%
Highest quoted nominal interest3.00%
Reason(s) why interest rate variesLoan Size
Interest rate periodMonthly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Full Pricing Data

Individual Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountETB 10,000ETB 10,000ETB 15,000ETB 40,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2011-10-182011-10-282011-10-072011-10-18
Loan Term (Months)18.0 months18.0 months18.0 months30.0 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 Component29.4%29.4%29.4%30.9%
Insurance Component0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component5.0%5.0%5.0%5.0%
Full APR (int fee ins tax dep)34.4%34.4%34.4%36.0%
Transparency Index46464644
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF

Full Pricing Data

ID-USD samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountUSD 150USD 300USD 625USD 1,300USD 1,900USD 3,100
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2013-01-102013-03-212013-02-082013-03-222013-03-222013-03-19
Loan Term (Months)8.0 months10.0 months19.0 months18.0 months25.0 months24.0 months
Grace Period (Months)0.3 months-0.4 months6.4 months-0.1 months0.4 months0.1 months
Total Cost of CreditUSD 17USD 40USD 207USD 306USD 499USD 719
True Price by Comp           
Interest price component29.1%30.7%30.1%29.4%24.0%21.7%
Fee Component0.0%0.0%0.6%0.3%0.2%0.1%
Insurance Component0.0%0.0%0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)29.1%30.7%30.7%29.7%24.2%21.8%
Transparency Index686565678291
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF
Individual Loan Price Graphs


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ID-USD Price Graphs


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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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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