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
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

Institution

Specialised Financial and Promotional Institution Bole Sub CityAddis AbabaPO Box 10689
Data approved: 2011-12-23
Data version: 1
Age of data: 150 months

Institution

Buusaa Gonofaa MFI Debrezeit RoadKirkos SubcityAddis AbabaPO Box 24850
Data approved: 2011-12-23
Data version: 1
Age of data: 150 months

Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addressN/A
Year established1997
Head of InstitutionMr Solomon W.Giorgis
Regions active
# Branches10

Total Portfolio (nat'l)ETB 50,807,161
Total Portfolio (USD)USD 2,761,258.75
Active clients with loans33,342
Approximate % female clients40% - 60%
Approximate % urban clients20% - 40%
Network affiliationsAEMFI
FundersTerrafina Microfinance, SOS Faim, CIDR, UNCDF

Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addressN/A
Year established1999
Head of InstitutionTeshome Yohannes Dayesso
Regions active
# Branches23

Total Portfolio (nat'l)ETB 76,548,872
Total Portfolio (USD)USD 4,160,264.78
Active clients with loans48,908
Approximate % female clients60% - 80%
Approximate % urban clients20% - 40%
Network affiliationsAEMFI, MAIN
FundersTerrafina Microfinance, SOS-FAIM, WSM, CIDR

Loan Products » Summary

32,000 Borrowers
USD 2,608,695.65 Portfolio
Active Product
1,500 Borrowers
USD 130,434.78 Portfolio
Active Product
100 Borrowers
USD 10,869.57 Portfolio
Active Product

Loan Products » Summary

5,000 Borrowers
USD 706,521.74 Portfolio
Active Product
15,000 Borrowers
USD 1,277,173.91 Portfolio
Active Product
22,000 Borrowers
USD 1,630,434.78 Portfolio
Active Product
5,000 Borrowers
USD 434,782.61 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Group Loan ETB 100 - 30,000 12 - 30 40% - 60% 40% - 60% Any Purpose Women, Men Credit Educ, Group Mtgs
Individual Loan ETB 10,000 - 120,000 12 - 30 40% - 60% 80% - 100% Any Purpose Women, Men Credit Educ, Business Training
Youth Loan Product ETB 5,000 - 30,000 12 - 24 20% - 40% 80% - 100% Business Women, Men, Specific age group Group Mtgs, Business Training

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Employee Loan ETB 500 - 10,000 6 - 24 20% - 40% 80% - 100% Any Purpose Women, Men, Salaried worker
General Purpose Loan - Homa Homa - Regular ETB 200 - 5,000 6 - 24 80% - 100% 80% - 100% Business Women, Men Group Mtgs
General Purpose Loan - Homa Homa - Term ETB 200 - 5,000 6 - 12 60% - 80% 0% - 20% Business, Agriculture Women, Men Group Mtgs
General Purpose Loan - Homa Homa - Variable ETB 200 - 5,000 6 - 12 60% - 80% 0% - 20% Business, Agriculture Women, Men Group Mtgs

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Group Loan 16.0%-24.0% annual, Flat 0 Fees 0 Ins None 5.0%-10.0% upfront 28.3% - 30.2% 30.6% - 35.2% 47
Individual Loan 16.0%-20.0% annual, Flat 0 Fees 0 Ins None 5.0%-10.0% upfront 29.4% - 30.9% 34.4% - 36% 45
Youth Loan Product 14.0% annual, Flat 0 Fees 0 Ins None 5.0% upfront 25.8% - 25.9% 27.8% - 27.9% 50

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Employee Loan 12.6% annual, Flat 1 Fee 0 Ins None 5.0% upfront 23.2% 24.9% 51
General Purpose Loan - Homa Homa - Regular 18.0% annual, Flat 1 Fee 0 Ins None 10.0% upfront 10.00 ongoing 32% - 35.3% 39% - 45.7% 43
General Purpose Loan - Homa Homa - Term 30.0% annual, Flat 1 Fee 0 Ins None 10.0% upfront 10.00 ongoing 34.1% - 34.2% 38.6% - 41.8% 76
General Purpose Loan - Homa Homa - Variable 24.0% annual, Flat 1 Fee 0 Ins None 10.0% upfront 10.00 ongoing 35.4% - 39.3% 41.7% - 46.9% 54

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Group Loan 16.0%-24.0% annual, Flat 0 Fees 0 Ins Ins None 5.0%-10.0% upfront 28.3% - 30.2% 30.6% - 35.2% 47
Individual Loan 16.0%-20.0% annual, Flat 0 Fees 0 Ins Ins None 5.0%-10.0% upfront 29.4% - 30.9% 34.4% - 36% 45
Youth Loan Product 14.0% annual, Flat 0 Fees 0 Ins Ins None 5.0% upfront 25.8% - 25.9% 27.8% - 27.9% 50

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Employee Loan 12.6% annual, Flat 1 Fee 0 Ins Ins None 5.0% upfront 23.2% 24.9% 51
General Purpose Loan - Homa Homa - Regular 18.0% annual, Flat 1 Fee 0 Ins Ins None 10.0% upfront 10.00 ongoing 32% - 35.3% 39% - 45.7% 43
General Purpose Loan - Homa Homa - Term 30.0% annual, Flat 1 Fee 0 Ins Ins None 10.0% upfront 10.00 ongoing 34.1% - 34.2% 38.6% - 41.8% 76
General Purpose Loan - Homa Homa - Variable 24.0% annual, Flat 1 Fee 0 Ins Ins None 10.0% upfront 10.00 ongoing 35.4% - 39.3% 41.7% - 46.9% 54
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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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