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Institution
Data approved: 2011-12-23
Data version: 1
Age of data: 155 months
Key Statistics
Outstanding portfolio (ETB) | ETB 304,252,000 |
Portfolio (USD) | USD 16,535,434.78 |
Active Clients with Loans | 170,500 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 0% - 20% |
Methodology
Individual | x |
Solidarity group | x |
Village banking | |
Self help group | x |
Other | |
Description
This loan is for both groups and individuals, for agricultural purposes.
Loan Purpose
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | x |
Education | |
Other household finance | |
Other | |
Other (2) | |
Included Services
Credit education | x |
Group meetings | x |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services | |
Eligibility
Men | x |
Women | x |
Must run a business | |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Other | |
Other (2) | |
Portfolio Size by Product
Geographic Coverage
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active | |
Loan Conditions
Loan Amount
Currency | ETB |
Minimum loan size | ETB 2,000 |
Maximum loan size | 50,000 |
Loan Term and Grace Period
Shortest loan term | 12.0 months |
Longest loan term | 36.0 months |
Approx average | 12.0 months |
Grace Period
Grace period usage | 50% |
Average grace period | 0.5 months |
Repayment Frequency
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 | |
Pricing Information
Interest
Lowest quoted nominal interest | 18.00% |
Highest quoted nominal interest | 18.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Upfront Fees
| Fee 1 |
---|
Description | Commission Fee |
% of loan amount - min | 2.00% |
% of loan amount - max | 2.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | |
Appears on Repayment Sched? | Yes |
Ongoing Fees
This product has no ongoing feesUpfront Insurance Fees
| Ins 1 |
---|
Description | Loan Insurance |
% of loan amount - min | 1.00% |
% of loan amount - max | 1.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | |
Do borrowers control deposit in their group? | |
Deposit BEFORE or AT Disbursement
% loan amount deposited | 5.00% - 10.00% |
or, Fixed-amount deposited | 0 |
Deposits DURING period payments
% loan amount deposited | 0 |
or, Fixed-amount deposited | ETB 6 |
Conditions on access to deposit | End Term |
Interest Paid on Deposit
Minimum interest rate paid | 5.00% |
Maximum interest rate paid | 5.00% |
Interest payment frequency | Annually |
Taxes
Are taxes charged on this product? | No |
Additional Comments
Compulsory savings is 1st cycle 10%, 2nd cycle 8%, 3rd cycle 5%. Savings interest is compounded semi-annually.
Full Pricing Data
Rural Agriculture Loan samples
| Sample 1 | | Sample 2 | | Sample 3 |
---|
Loan Amount | ETB 6,000 | | ETB 7,000 | | ETB 16,000 |
Loan Cycle (1, 2, 3, etc) | Not Known | | Not Known | | Not Known |
Disbursement Date | 2011-10-27 | | 2011-08-08 | | 2011-07-13 |
Loan Term (Months) | 24.0 months | | 24.0 months | | 24.0 months |
Grace Period (Months) | 0.0 months | | 0.0 months | | 0.0 months |
Total Cost of Credit | Not Known | | Not Known | | Not Known |
True Price by Comp | | | | | |
Interest and Fee Component | 28.7% | | 20.2% | | 20.2% |
Insurance Component | 1.1% | | 1.1% | | 1.1% |
Tax Component | 0.0% | | 0.0% | | 0.0% |
Deposit Component | 5.9% | | 4.1% | | 3.8% |
Full APR (int fee ins tax dep) | 35.7% | | 25.4% | | 25.0% |
Transparency Index | 50 | | 71 | | 72 |
| | | | | |
Original Repayment Schedule | PDF | | PDF | | PDF |
MFT Pricing Calculation | PDF | | PDF | | PDF |
Rural Agriculture Loan Price Graphs