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

Meklit MFI Ayer TenaAddis AbabaPO Box 27634
Data approved: 2011-12-23
Data version: 1
Age of data: 150 months

Product

Individual (Consumption) Loan Product 4 of 4 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (ETB)ETB 2,550,000
Portfolio (USD)USD 138,586.96
Active Clients with Loans850
Approximate % Female Clients40% - 60%
Approximate % Urban Clients60% - 80%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
This loan is delivered to individuals who have permanent employment. Interest rate is 16%, paid monthly. The Guarentee is met by the employer.
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 insurancex
Workplace visits
Business training
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 workerx
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

Loan Conditions

Loan Amount
CurrencyETB
Minimum loan sizeETB 10,000
Maximum loan size50,000
Loan Term and Grace Period
Shortest loan term12.0 months
Longest loan term24.0 months
Approx average24.0 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
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 variesNot specified
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionService Charge
% of loan amount - min2.00%
% of loan amount - max2.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionLoan Insurance
% of loan amount - min0
% of loan amount - max1.50%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation<1000 ETB=1%,<2000 birr=1.2%,<3000 ETB=1.3%, <4000ETB=1.4%, <5000 ETB=1.5%. Over 5000 ETB=0
Appears on Repayment Sched?Yes
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?Yes
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited5.00% - 15.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited5.00% - 15.00%
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
Compulsory savings: <5000 ETB = 15%, <10,000 ETB Loan = 10%, >1 10,000 ETB Loan = 5%. Client deposits monthly the same amount, e.g 15% upfront plus 15% over the term of the loan in monthly installments. Interest savings is compounded semi-annually.

Full Pricing Data

Individual (Consumption) Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountETB 10,000ETB 12,000ETB 16,000ETB 30,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2011-06-252010-02-252010-05-142011-06-17
Loan Term (Months)24.0 months12.1 months24.0 months36.0 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 Component29.8%41.9%40.0%29.0%
Insurance Component1.1%2.2%1.2%1.2%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component3.7%5.9%4.8%3.4%
Full APR (int fee ins tax dep)34.6%50.0%45.9%33.6%
Transparency Index46323548
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
Individual (Consumption) Loan Price Graphs


Please note that the information you are viewing is 159 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Corporación Acción por Caldas Actuar Famiempresas Calle 20 No. 21-17Manizales, Caldas
Data approved: 2011-08-01
Data version: 1
Age of data: 159 months

Institution Details

Institution TypeNon-Governmental Organization
Is this institution regulated?No
Website addresshttp://www.actuarcaldas.org/
Year established1986
Head of InstitutionFabio Mejia Arango
Regions active
# Branches4

Total Portfolio (nat'l)COP 9,550,000,000
Total Portfolio (USD)USD 5,247,252.75
Active clients with loans3,702
Approximate % female clients60% - 80%
Approximate % urban clients60% - 80%
Network affiliationsEMPRENDER, ASOMICROFINANZAS
Funders

Loan Products » Summary

3,702 Borrowers
USD 5,247,252.75 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Credito Acompanado COP 300,000 - 50,000,000 1 - 60 60% - 80% 60% - 80% Any Purpose, VEHICULO, MOTO, VIAJES FAMILIARES Women, Men, Have business, EL NEGOCIO PUEDE SER FORMAL O INFORMAL Credit Educ, Credit Ins, Tech Asst Visits, Business Training, ASESORIAS PUNTUALES Y ESPECIALIZADAS PARA EL NEGOCIO, CAPACITACION SOCIEMPORESARIAL, EN DESARROLLO PERSONAL Y EN ARTES Y OFICIOS

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Credito Acompanado 24.0%-28.8% annual, Decl Bal 1 Fee 0 None N/A 24% - 33.9% 24% - 33.9% 86
Institution Price Graph
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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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