2. BIMAS
Please note that the information you are viewing is 134 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. Wasasa
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

Business Initiative and Management Assistance Services (BIMAS) 2299 EmbuKenya60100
Data approved: 2010-09-14
Data version: 1
Age of data: -   months 
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Institution

Wasasa MFI AlemgenaOromiaP O Box 1192
Data approved: 2011-12-23
Data version: 1
Age of data: 150 months

Institution Details

Institution TypeNon-Governmental Organization
Is this institution regulated?No
Website addressN/A
Year established1997
Head of InstitutionPatrick Gathondu
Regions active0
# Branches5

Total Portfolio (nat'l)KES 217,413,552
Total Portfolio (USD)USD 2,625,767.54
Active clients with loans11,645
Approximate % female clients40% - 60%
Approximate % urban clients40% - 60%
Network affiliations
Funders

Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addressN/A
Year established2000
Head of InstitutionAmsalu Alemayehu Gutema
Regions active
# Branches24

Total Portfolio (nat'l)ETB 113,970,892
Total Portfolio (USD)USD 6,194,070.22
Active clients with loans53,981
Approximate % female clients40% - 60%
Approximate % urban clients0% - 20%
Network affiliationsAEMFI, MAIN, PAMIGA
FundersTerrafina, Cordaid, Ethio Italian Rural Development Cooperation, World Solidarity Movement

Loan Products » Summary

Hitimu
256 Borrowers
USD 34,515.71 Portfolio
Active Product
Imarika
242 Borrowers
USD 144,840.23 Portfolio
Active Product
Mama Plus
700 Borrowers
USD 132,300.70 Portfolio
Active Product
Mifugo
132 Borrowers
USD 47,793.73 Portfolio
Active Product
Msingi
9,794 Borrowers
USD 2,025,178.84 Portfolio
Active Product
Upesi
288 Borrowers
USD 15,867.10 Portfolio
Active Product

Loan Products » Summary

Employee
4,002 Borrowers
USD 493,914.29 Portfolio
Active Product
Enterprise
452 Borrowers
USD 72,351.36 Portfolio
Active Product
Individual
393 Borrowers
USD 326,133.70 Portfolio
Active Product
Large Group
44,503 Borrowers
USD 4,906,114.40 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Hitimu Loan KES 15,000 - 30,000 6 - 12 40% - 60% 40% - 60% Business Women, Men Credit Educ, Group Mtgs, Credit Ins, Business Training
Imarika Loan KES 50,000 - 2,000,000 3 - 18 40% - 60% 40% - 60% Business Women, Men, Have business Credit Educ, Group Mtgs, Credit Ins, Business Training
Mama Plus Loan KES 10,000 - 100,000 6 - 12 80% - 100% 40% - 60% Business Women, Have business Credit Educ, Group Mtgs, Credit Ins, Business Training
Mifugo Loan KES 50,000 - 80,000 9 - 12 40% - 60% 40% - 60% Business, Agricultural loan Women, Men, Have business Credit Educ, Group Mtgs, Credit Ins, Business Training
Msingi Loan KES 20,000 - 1,000,000 3 - 18 40% - 60% 40% - 60% Business Women, Men, Have business Credit Educ, Group Mtgs, Credit Ins, Business Training
Upesi Loan KES 10,000 - 20,000 3 - 6 40% - 60% 40% - 60% Business, Other Women, Men, Have business Credit Educ, Group Mtgs, Business Training

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Employee Loan ETB 1,000 - 10,000 4 - 24 0% - 20% 80% - 100% Housing, Consumer, Education Women, Men, Salaried worker Credit Educ
Enterprise Loan ETB 2,000 - 10,000 4 - 12 20% - 40% 80% - 100% Business Women, Men, Have business, Must be urban or semi-urban, not for rural clients. Credit Educ, Business Training
Individual Loan ETB 5,000 - 150,000 4 - 24 40% - 60% 80% - 100% Business Women, Men, Have business Credit Educ, Tech Asst Visits, Business Training
Large Group Loan ETB 100 - 5,000 4 - 12 40% - 60% 0% - 20% Any Purpose Women, Men Credit Educ, Other Training, Agricultural Training

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Hitimu Loan 17.0% annual, Flat 1 Fee 1 Ins None 25.0% upfront 100.00 ongoing 0% 0% N/A
Imarika Loan 17.0% annual, Flat 1 Fee 1 Ins None 4,000.00 upfront 200.00 ongoing 0% 0% N/A
Mama Plus Loan 8.0% annual, Flat 1 Fee 1 Ins None 15.0% upfront 100.00 ongoing 0% 0% N/A
Mifugo Loan 17.0% annual, Flat 1 Fee 1 Ins None 25.0% upfront 100.00 ongoing 0% 0% N/A
Msingi Loan 17.0% annual, Flat 0 Fees 0 Ins None 15.0% upfront 100.00 ongoing 0% 0% N/A
Upesi Loan 24.0% annual, Flat 1 Fee 0 Ins None 15.0% upfront 100.00 ongoing 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
Employee Loan 15.0% annual, Flat 0 Fees 1 Ins None 10.0%-15.0% upfront 26.6% 31.9% - 33.6% 45
Enterprise Loan 18.0% annual, Flat 0 Fees 1 Ins None 10.0% upfront 32.1% - 33.8% 40.2% - 43.9% 43
Individual Loan 11.0%-15.0% annual, Flat 0 Fees 0 Ins None N/A 21.6% - 26.5% 21.6% - 26.5% 46
Large Group Loan 18.0% annual, Flat 1 Fee 1 Ins None 10.0%-15.0% upfront 23.6% - 23.8% 27.4% - 27.7% 65

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Hitimu Loan 17.0% annual, Flat 1 Fee 1 Ins Ins None 25.0% upfront 100.00 ongoing 0% 0% N/A
Imarika Loan 17.0% annual, Flat 1 Fee 1 Ins Ins None 4,000.00 upfront 200.00 ongoing 0% 0% N/A
Mama Plus Loan 8.0% annual, Flat 1 Fee 1 Ins Ins None 15.0% upfront 100.00 ongoing 0% 0% N/A
Mifugo Loan 17.0% annual, Flat 1 Fee 1 Ins Ins None 25.0% upfront 100.00 ongoing 0% 0% N/A
Msingi Loan 17.0% annual, Flat 0 Fees 0 Ins Ins None 15.0% upfront 100.00 ongoing 0% 0% N/A
Upesi Loan 24.0% annual, Flat 1 Fee 0 Ins Ins None 15.0% upfront 100.00 ongoing 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
Employee Loan 15.0% annual, Flat 0 Fees 1 Ins Ins None 10.0%-15.0% upfront 26.6% 31.9% - 33.6% 45
Enterprise Loan 18.0% annual, Flat 0 Fees 1 Ins Ins None 10.0% upfront 32.1% - 33.8% 40.2% - 43.9% 43
Individual Loan 11.0%-15.0% annual, Flat 0 Fees 0 Ins Ins None N/A 21.6% - 26.5% 21.6% - 26.5% 46
Large Group Loan 18.0% annual, Flat 1 Fee 1 Ins Ins None 10.0%-15.0% upfront 23.6% - 23.8% 27.4% - 27.7% 65
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