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Institution

Sidama MFI Head OfficeHawassaPO Box 565
Data approved: 2011-12-23
Data version: 1
Age of data: 149 months

Product

Service Loan Product 6 of 6 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (ETB)ETB 37,000
Portfolio (USD)USD 2,010.87
Active Clients with Loans530
Approximate % Female Clients40% - 60%
Approximate % Urban Clients60% - 80%
Methodology
Individualx
Solidarity groupx
Village banking
Self help group
Other
Description
This product is for economic activities in the service sector such as hotel, beauty salon and bar.
Loan Purpose
Any purpose
Income generationx
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 businessx
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

Loan Conditions

Loan Amount
CurrencyETB
Minimum loan sizeETB 300
Maximum loan size100,000
Loan Term and Grace Period
Shortest loan term12.0 months
Longest loan term24.0 months
Approx average12.0 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 interest18.00%
Highest quoted nominal interest18.00%
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?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionLoan Insurance
% of loan amount - min1.00%
% of loan amount - max2.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation1% for group members, 2% for individual loans
Appears on Repayment Sched?No
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 deposited6.00% - N/A
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount depositedETB 20 - N/A
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
Interest on saving is compounded on quarterly basis.

Full Pricing Data

Service Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountETB 30,000ETB 30,000ETB 30,000ETB 35,000ETB 40,000ETB 50,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2011-09-302011-08-172011-08-172011-09-162011-09-082011-09-22
Loan Term (Months)24.0 months24.0 months24.0 months24.0 months24.0 months24.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot KnownNot KnownNot Known
True Price by Comp           
Interest and Fee Component28.8%28.7%28.7%28.7%28.7%28.7%
Insurance Component1.1%1.1%1.1%1.1%1.1%1.1%
Tax Component0.0%0.0%0.0%0.0%0.0%0.0%
Deposit Component3.2%3.1%3.1%3.1%3.1%3.0%
Full APR (int fee ins tax dep)33.1%32.9%32.9%32.9%32.9%32.9%
Transparency Index545555555555
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF
Service Loan Price Graphs


Institution # Borrowers Portfolio (US$) Products Age of Data
Actuar Caldas3,7005,247,0001158
Actuar Quindio2,3002,800,0002158
Actuar Tolima8,8005,099,0003158
Amanecer4,3008,253,0004158
Banco Agrario56,30039,938,0003158
Banco WWB219,400294,019,0005153
Bancolombia36,20051,563,0001158
BdO10,4007,945,0002158
Comerciacoop1,6003,255,0004158
Confiar43,80081,993,0007158
Congente5,40020,045,0002158
Contactar25,10020,184,0002158
Crezcamos27,50022,564,0004158
Finamerica39,80099,536,0007158
FMM Popayán310,000243,614,0003158
FMSD6,8009,236,0006158
Fomentamos900102,0001158
Fund DeLaMujer199,900165,568,0001158
Fund Oleoductos500435,0001153
FUNDAUNIBAN6001,307,0002158
FUNDESAN2,4002,521,0005158
FUNDESMAG1,0001,698,0002158
Interactuar30,20093,846,0004158
MEDA15,60027,322,0002158
ProCredit CO5,70018,569,0003158
Caps / Zoom options
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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