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Institution

Wisdom Microfinance Institution S.Co Bole Sub CityAddis Ababa31478
Data approved: 2012-03-12
Data version: 1
Age of data: 117 months

Product

Individual Loan Product 6 of 6 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (ETB)ETB 11,766,548
Portfolio (USD)USD 639,486.30
Active Clients with Loans1,875
Approximate % Female Clients60% - 80%
Approximate % Urban Clients80% - 100%
Methodology
Individualx
Solidarity group
Village banking
Self help groupx
Other
Description
This loan is offered on individual basis. Being able to provide a collateral, being in business for at least 6 months are some of the eligibility criteria.
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 business
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 4,000
Maximum loan size50,000
Loan Term and Grace Period
Shortest loan term9.0 months
Longest loan term24.0 months
Approx average15.0 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeksx
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 interest15.00%
Highest quoted nominal interest15.00%
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 - min2.50%
% of loan amount - max2.50%
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
DescriptionCredit Life Insurance
% of loan amount - min2.00%
% of loan amount - max2.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Full Pricing Data

Individual Loan samples
Sample 1Sample 2Sample 3
Loan AmountETB 50,000ETB 50,000ETB 50,000
Loan Cycle (1, 2, 3, etc)111
Disbursement Date2011-11-102011-07-232012-01-25
Loan Term (Months)8.0 months12.0 months12.0 months
Grace Period (Months)0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot Known
True Price by Comp     
Interest and Fee Component32.9%31.6%31.8%
Insurance Component5.9%4.1%4.2%
Tax Component0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)38.8%35.8%36.0%
Transparency Index394242
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
Individual Loan Price Graphs


Institution # Borrowers Portfolio (US$) Products Age of Data
Adhikar35,3002,674,0001101
AMPL000101
Arman41,500529,107,0001101
Arohan43,5008,091,0002101
ASA INDIA164,00015,380,0001101
Asirvad113,50019,328,0001101
Asmitha1,114,800217,867,0001101
Bandhan4,048,600674,564,0005101
Belstar123,00023,945,000280
BSFL275,20031,590,0003101
Chaitanya20,7003,748,0003101
Disha Microfin69,00014,332,0002101
Equitas1,220,000186,415,0004101
ESAF354,20043,500,0005101
FFSL150,60035,719,0002101
Fusion66,8009,820,0002101
Grama Vidiyal738,200102,101,0001101
Grameen Koota586,60083,555,00015103
Janalakshmi506,000119,077,0002101
L & T Finance399,80037,199,0001101
MFL331,80049,083,0001101
MMFL175,00023,752,0002101
Mpower13,6002,263,0002101
Sahayata000101
Saija24,7004,682,0002101
Samasta45,5004,809,0002101
Satin405,60090,174,0002101
SCCI115,60015,910,0002101
Share2,195,400376,727,0001101
SKS3,409,000355,029,0002101
SMILE360,20056,927,0001101
SNFL9,4001,779,0001101
Sonata Finance158,20022,724,0003103
Spandana533,400147,240,0002101
Suryoday78,60014,713,0003101
SVCL118,20018,886,0001101
Swadhaar92,80017,166,0003101
Trident68,7008,852,0001101
Ujjivan913,300160,848,0005101
Utkarsh168,60025,915,0003101
VFS175,40019,264,0002101
Asomi50,3004,743,0002134
AES India3,600286,0001134
Arth2,900611,0002134
Asomi50,3004,743,0002134
Barasat GS1,10099,508.021134
BJS6,000468,0001134
Cashpor417,00050,452,0001133
Credible10,0001,669,540.362134
DIBAKAR1,800145,0001133
GOF65,2005,388,0004133
Hope62,6004,407,0001131
Jaago2,700237,0001132
LOK4,900573,0001133
Nano25,6003,660,0002134
NBSAAVS28,1002,821,0001131
Nirantara8,200917,0002133
Parama7,100482,0001133
Pragathi26,2004,579,0006133
PWMACS36,5005,946,0001133
Saadhana90,90012,046,0002133
Sambhav1,500183,0003133
Seba Rahara6,700468,0001133
SU61,1005,498,0001133
Swayanshree7,900918,0002133
Vikas Samiti1,600168,0001133
Vistaar4,3001,157,0002131
We The People1,100244,0002133
WEMCS1,10085,0001133
Yukti1,10099,0002133
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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