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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

Data approved: 2011-03-15
Data version: 1
Age of data: 159 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-Governmental Organization
Is this institution regulated?No
Website addressN/A
Year established1986
Head of InstitutionGloria Ines Navarro De Clausen
Regions active
# Branches14

Total Portfolio (nat'l)COP 9,582,555,960
Total Portfolio (USD)USD 5,265,140.64
Active clients with loans7,917
Approximate % female clients60% - 80%
Approximate % urban clients40% - 60%
Network affiliationsEmprender, Asomicrofinanzas
FundersCORUNIVERSITARIA, FELDESPATOS EL VERGEL, FENALCO TOLIMA, SURAMERICANA DE SEGUROS

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

1,455 Borrowers
USD 1,318,740.90 Portfolio
Active Product
7,186 Borrowers
USD 3,717,366.57 Portfolio
Active Product
215 Borrowers
USD 63,145.68 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
Activos Fijos COP 300,000 - 13,390,000 3 - 36 40% - 60% 40% - 60% Activo Fijo Women, Men, Have business, Specific age group, SER UN PROCESO DE PRODUCCION, COMERCIO O SERVICIO Credit Ins
Capital de Trabajo COP 300,000 - 13,390,000 3 - 24 60% - 80% 40% - 60% Business, Capital de Trabajo Women, Men, Have business, Specific age group, pueden realizar actividades de producción, comercio o servicios. Credit Ins
Libre Inversion COP 535,600 - 535,600 3 - 12 40% - 60% 40% - 60% Any Purpose Women, Men, Have business, Have home or land, Salaried worker Credit Ins, FRG, Estudios de Crédito

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
Activos Fijos 25.2%-29.5% annual, Decl Bal 1 Fee 2 Ins None N/A 40.8% - 48.9% 43.3% - 54% 53
Capital de Trabajo 25.2%-29.5% annual, Decl Bal 1 Fee 2 Ins None N/A 38.4% - 48.2% 43.6% - 55.2% 49
Libre Inversion 25.2%-29.5% annual, Decl Bal 1 Fee 2 Ins None N/A 0% 0% N/A

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
Activos Fijos 25.2%-29.5% annual, Decl Bal 1 Fee 2 Ins Ins None N/A 40.8% - 48.9% 43.3% - 54% 53
Capital de Trabajo 25.2%-29.5% annual, Decl Bal 1 Fee 2 Ins Ins None N/A 38.4% - 48.2% 43.6% - 55.2% 49
Libre Inversion 25.2%-29.5% annual, Decl Bal 1 Fee 2 Ins Ins None N/A 0% 0% N/A
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