Outstanding portfolio (COP) | COP 46,448,316,724 |
Portfolio (USD) | USD 25,521,053.15 |
Active Clients with Loans | 9,749 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 60% - 80% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | x |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | |
Group meetings | |
Credit insurance | |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services | x |
Men | x |
Women | x |
Must run a business | x |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Currency | COP |
Minimum loan size | COP 535,000 |
Maximum loan size | 64,272,000 |
Shortest loan term | 1.0 month |
Longest loan term | 59.0 months |
Approx average | 36.0 months |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 1.90% |
Highest quoted nominal interest | 2.00% |
Reason(s) why interest rate varies | Time as Client, Loan Size, Client Risk, Collateral |
Interest rate period | Monthly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | CIFIN/Datacredito + IVA. |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 10,000 |
Fixed amount - max | 10,000 |
Reason for variation | |
Appears on Repayment Sched? | No |
Fee 1 | |
---|---|
Description | Comisio Ley Mipymes + IVA Algunos prestamos. |
% of loan amount - min | 7.50% |
% of loan amount - max | 7.50% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Comisio fondo nacional de garantias + IVA. (Algunos prestamos) |
% of loan amount - min | 6.18% |
% of loan amount - max | 6.18% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Seguro de Vida. |
% of loan amount - min | 20.00% |
% of loan amount - max | 30.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Required for | Never |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | N/A |
Do borrowers control deposit in their group? | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
Conditions on access to deposit | N/A |
Minimum interest rate paid | N/A |
Maximum interest rate paid | N/A |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | COP 1,300,000 | COP 3,471,000 | COP 6,600,000 | COP 13,000,000 | COP 26,000,000 | COP 30,000,000 | |||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
Disbursement Date | 2011-03-24 | 2011-03-09 | 2011-02-11 | 2011-02-11 | 2011-03-31 | 2011-03-25 | |||||
Loan Term (Months) | 12.0 months | 36.0 months | 24.0 months | 48.0 months | 36.0 months | 42.0 months | |||||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||||
Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
True Price by Comp | |||||||||||
Interest and Fee Component | 33.4% | 29.4% | 20.6% | 20.5% | 24.0% | 19.3% | |||||
Insurance Component | 5.3% | 0.4% | 0.4% | 0.4% | 3.1% | 0.4% | |||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Full APR (int fee ins tax dep) | 38.6% | 29.7% | 21.1% | 20.9% | 27.1% | 19.7% | |||||
Transparency Index | 59 | 77 | 100 | 100 | 84 | 100 | |||||
Original Repayment Schedule | |||||||||||
MFT Pricing Calculation |
Institution Type | Non Bank Financial Institution |
Is this institution regulated? | Yes |
Website address | N/A |
Year established | 2000 |
Head of Institution | Teshome Yiheyis |
Regions active | |
# Branches | 21 |
Total Portfolio (nat'l) | ETB 25,963,550 |
Total Portfolio (USD) | USD 1,411,062.50 |
Active clients with loans | 12,300 |
Approximate % female clients | 40% - 60% |
Approximate % urban clients | 0% - 20% |
Network affiliations | AEMFI |
Funders | Development Bank of Ethiopia RUFIP, EU |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Agriculture Loan | ETB 3,000 - 9,000 | 8 - 12 | 40% - 60% | 0% - 20% | Business, Agriculture | Women, Men | Credit Educ, Group Mtgs, Credit Ins | |||||||
Business Loan - Group | ETB 1,000 - 18,000 | 12 - 24 | 40% - 60% | 60% - 80% | Business | Women, Men, Have business | Credit Educ, Group Mtgs, Credit Ins | |||||||
Business Loan - Individual | ETB 8,000 - 50,000 | 12 - 24 | 20% - 40% | 60% - 80% | Business | Women, Men, Have business | Credit Educ, Credit Ins | |||||||
Individual (Consumption) Loan | ETB 10,000 - 50,000 | 12 - 24 | 40% - 60% | 60% - 80% | Any Purpose | Women, Men, Salaried worker | Credit Educ, Credit Ins |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Agriculture Loan | 20.0% annual, Flat | 1 Fee | 1 Ins | None | 5.0%-15.0% upfront 5.00%-15.00% ongoing | 38.7% - 39.1% | 46.4% - 51.1% | 41 | ||||||||
Business Loan - Group | 20.0% annual, Flat | 1 Fee | 1 Ins | None | 5.0%-15.0% upfront 5.00%-15.00% ongoing | 35.7% - 45.6% | 43.2% - 56% | 39 | ||||||||
Business Loan - Individual | 22.0% annual, Flat | 1 Fee | 1 Ins | None | 5.0%-15.0% upfront 5.00%-15.00% ongoing | 38.1% - 40% | 43.6% - 46.6% | 49 | ||||||||
Individual (Consumption) Loan | 16.0%-20.0% annual, Flat | 1 Fee | 1 Ins | None | 5.0%-15.0% upfront 5.00%-15.00% ongoing | 29% - 41.9% | 33.6% - 50% | 40 |
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Loan Portfolio (USD) | |
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% Products with one or more insurances | |
% Products with compulsory deposits |
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