Outstanding portfolio (ETB) | ETB 120,624,731 |
Portfolio (USD) | USD 6,555,691.90 |
Active Clients with Loans | 23,590 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 0% - 20% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | |
Mortgage/housing | x |
Consumer loan | x |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | |
Group meetings | |
Credit insurance | |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services | x |
Men | x |
Women | x |
Must run a business | |
Must own a home or land | |
Must be a salaried worker | x |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Currency | ETB |
Minimum loan size | ETB 1,000 |
Maximum loan size | 15,000 |
Shortest loan term | 12.0 months |
Longest loan term | 36.0 months |
Approx average | 36.0 months |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 10.00% |
Highest quoted nominal interest | 13.00% |
Reason(s) why interest rate varies | Due to loan term- 12 month is 10% plus 3% commission, and above 12 months is 13% but with no commission |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Commission Fee |
% of loan amount - min | 0 |
% of loan amount - max | 3.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Loans 12months or less charged 3%. No fee for loans over 12 months |
Appears on Repayment Sched? | No |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | Yes |
Do borrowers control deposit in their group? |
% loan amount deposited | 5.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | End Term |
Minimum interest rate paid | 5.00% |
Maximum interest rate paid | 5.00% |
Interest payment frequency | Annually |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | ETB 8,500 | ETB 12,000 | ETB 15,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2011-08-05 | 2011-06-06 | 2011-07-15 | ||
Loan Term (Months) | 36.0 months | 36.0 months | 36.0 months | ||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
Total Cost of Credit | Not Known | Not Known | Not Known | ||
True Price by Comp | |||||
Interest and Fee Component | 13.0% | 13.0% | 12.9% | ||
Insurance Component | 0.0% | 0.0% | 0.0% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 0.8% | 0.8% | 0.8% | ||
Full APR (int fee ins tax dep) | 13.8% | 13.8% | 13.7% | ||
Transparency Index | 73 | 73 | 73 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Institution Type | Non Bank Financial Institution |
Is this institution regulated? | Yes |
Website address | N/A |
Year established | 1997 |
Head of Institution | Atakilt Kiros |
Regions active | |
# Branches | 142 |
Total Portfolio (nat'l) | ETB 1,800,000,000 |
Total Portfolio (USD) | USD 97,826,086.96 |
Active clients with loans | 397,000 |
Approximate % female clients | 20% - 40% |
Approximate % urban clients | 20% - 40% |
Network affiliations | AEMFI, INAFI |
Funders | NPA Norweigan Peoples Aid, SOS Faim, A Glimmer of Hope |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Business Loan | ETB 15,000 - 5,000,000 | 12 - 60 | 20% - 40% | 80% - 100% | Business | Women, Men, Have business | Credit Educ | |||||||
Civil Servant Loan | ETB 1,000 - 50,000 | 12 - 36 | 20% - 40% | 40% - 60% | Any Purpose | Women, Men, Salaried worker | Credit Educ, Group Mtgs | |||||||
Ex-fighters Association Loan | ETB 10,000 - 10,000 | 36 | 20% - 40% | 80% - 100% | Any Purpose | Women, Men, Ex-fighters association members | Credit Educ | |||||||
Housing Loan | ETB 15,000 - 5,000,000 | 12 - 60 | 20% - 40% | 80% - 100% | Housing | Women, Men | Credit Educ | |||||||
Regular Loan | ETB 500 - 20,000 | 12 - 36 | 60% - 80% | 80% - 100% | Business | Women, Men | Credit Educ, Group Mtgs, Business Training | |||||||
Rural Package Loan | ETB 200 - 30,000 | 6 - 48 | 20% - 40% | 0% - 20% | Business, Agriculture | Women, Men | Credit Educ, Tech Asst Visits | |||||||
Urban Package Loan | ETB 500 - 10,000 | 12 - 36 | 60% - 80% | 80% - 100% | Any Purpose | Women, Men | Credit Educ, Business Training |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Business Loan | 10.0% annual, Decl Bal | 0 Fees | 0 Ins | None | N/A | 11.1% - 13.2% | 11.1% - 13.2% | 81 | ||||||||
Civil Servant Loan | 15.0% annual, Decl Bal | 0 Fees | 0 Ins | None | N/A | 14% - 14.3% | 14% - 14.3% | 100 | ||||||||
Ex-fighters Association Loan | 15.0% annual, Decl Bal | 0 Fees | 0 Ins | None | N/A | 14.1% | 14.1% | 100 | ||||||||
Housing Loan | 9.9% annual, Decl Bal | 0 Fees | 0 Ins | None | N/A | 10.3% - 11% | 10.3% - 11% | 92 | ||||||||
Regular Loan | 18.0% annual, Decl Bal | 0 Fees | 0 Ins | None | N/A | 16.7% - 17.6% | 16.7% - 17.6% | 100 | ||||||||
Rural Package Loan | 18.0% annual, Decl Bal | 0 Fees | 0 Ins | None | N/A | 18% - 25.9% | 18% - 25.9% | 86 | ||||||||
Urban Package Loan | 18.0% annual, Decl Bal | 0 Fees | 0 Ins | None | N/A | 9.7% | 9.7% | 100 |
Key Statistics | |
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Loan Portfolio (USD) | |
% Products using declining balance | |
% Products with one or more fee | |
% Products with one or more insurances | |
% Products with compulsory deposits |
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