| Number borrowers | 10,644 |
| Loan Amount (range) | ETB 700 - 250,000 |
| Loan Term (range) | 6 - 18 |
| Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits |
| Annual Interest & Method | 10.0% annual, Flat |
| Fees | 2.00% ongoing |
| Insurance | 1.00% upfront |
| Tax | None |
| Comp Dep | 5.0% upfront |
| Range of pricing | |
| Interest Price Component | N/A |
| Fee Component | 17.3% - 20.4% (Int+Fee) |
| Insurance Component | 1.3% - 1.8% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 19.8% - 23.8% |
| Transparency Index (min/max) | 42 - 50 |
| Transparency Index (average) | 46 |
| Outstanding portfolio (ETB) | ETB 50,827,024 |
| Portfolio (USD) | USD 2,762,338.26 |
| Active Clients with Loans | 10,644 |
| Approximate % Female Clients | 20% - 40% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | x |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | x |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | x |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services |
| 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) |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Currency | ETB |
| Minimum loan size | ETB 700 |
| Maximum loan size | 250,000 |
| Shortest loan term | 6.0 months |
| Longest loan term | 18.0 months |
| Approx average | 12.0 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 | x |
| Irregular payments |
| Lowest quoted nominal interest | 10.00% |
| Highest quoted nominal interest | 10.00% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Service Charge |
| % of loan amount - min | 2.00% |
| % of loan amount - max | 2.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | Yes |
| 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 |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | |
| Do borrowers control deposit in their group? |
| % loan amount deposited | 5.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | End Term |
| Minimum interest rate paid | 5.00% |
| Maximum interest rate paid | 5.00% |
| Interest payment frequency | End Term |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | ETB 5,000 | ETB 5,000 | ETB 5,000 | ETB 5,000 | ETB 7,500 | ETB 7,500 | |||||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
| Disbursement Date | 2011-08-11 | 2011-08-10 | 2011-07-26 | 2011-08-26 | 2011-08-02 | 2011-08-02 | |||||
| Loan Term (Months) | 24.0 months | 24.0 months | 18.0 months | 24.0 months | 18.0 months | 18.0 months | |||||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 4.0 months | 4.0 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 | 19.8% | 19.8% | 20.4% | 18.3% | 17.3% | 17.3% | |||||
| Insurance Component | 1.5% | 1.5% | 1.8% | 1.4% | 1.6% | 1.3% | |||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
| Deposit Component | 1.6% | 1.6% | 1.7% | 1.4% | 1.3% | 1.2% | |||||
| Full APR (int fee ins tax dep) | 23.0% | 23.0% | 23.8% | 21.0% | 20.1% | 19.8% | |||||
| Transparency Index | 44 | 44 | 42 | 48 | 50 | 50 | |||||
| Original Repayment Schedule | |||||||||||
| MFT Pricing Calculation |
| Key Statistics | |
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| Loan Portfolio (USD) | |
| % Products using declining balance | |
| % Products with one or more fee | |
| % Products with one or more insurances | |
| % Products with compulsory deposits |
| Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
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