Amhara Credit and Savings Institution (ACSI) - Enterprise Loan - MFTransparency.org Truth In Lending Tables

Please note that the information you are viewing is 158 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Amhara Credit and Savings Institution (ACSI) Head OfficeGonder road Kebele 10Bahir Dar, AmharaP O Box 417

Data approved: 2011-12-23

Data version: 1

Age of data: 158 months

Download Data

Analyze Data

Product

Enterprise Loan Product 2 of 5 « Prev | Next »

Product Details

Key Statistics

Outstanding portfolio (ETB)	ETB 241,056,154
Portfolio (USD)	USD 13,100,877.93
Active Clients with Loans	8,562
Approximate % Female Clients	60% - 80%
Approximate % Urban Clients	0% - 20%

Methodology

Individual	x
Solidarity group
Village banking
Self help group
Other

Description

This loan is for entrepeneurs, mostly manufacturing and construction. It is offered by MicroBank, which is part of ACSI that offers larger loans.

Loan Purpose

Any purpose
Income generation	x
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)

Included Services

Credit education
Group meetings
Credit insurance
Workplace visits
Business training
Other training
Other
Other (2)
No other services	x

Eligibility

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)

# Borrowers by Product

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 5,001
Maximum loan size	10,000,000

Loan Term and Grace Period

Shortest loan term	12.0 months
Longest loan term	60.0 months
Approx average	24.0 months

Grace Period

Grace period usage	100%
Average grace period	4.0 months

Repayment Frequency

Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthly	x
Every 2 months
Quarterly
Every 6 months	x
Every 12 months	x
Single end payment
Irregular payments

Pricing Information

Interest

Lowest quoted nominal interest	10.00%
Highest quoted nominal interest	13.00%
Reason(s) why interest rate varies	Due to loan term- 12 month is 10% plus 3% commission, and above 12 months is 13% but with no commission
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	0
% of loan amount - max	3.00%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	Loans 12months or less charged 3%. No fee for loans over 12 months
Appears on Repayment Sched?	No

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

This product has no upfront insurance fees

Ongoing Insurance Fees

This product has no ongoing insurance fees

Compulsory Deposit

Required for	Never
Criteria	N/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 deposited	N/A
or, Fixed-amount deposited	N/A

Deposits DURING period payments

% loan amount deposited	N/A
or, Fixed-amount deposited	N/A
Conditions on access to deposit	N/A

Interest Paid on Deposit

Minimum interest rate paid	N/A
Maximum interest rate paid	N/A
Interest payment frequency	N/A

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Full Pricing Data

Enterprise Loan samples

	Sample 1	Sample 2
Loan Amount	ETB 8,000	ETB 15,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known
Disbursement Date	2009-10-24	2011-08-25
Loan Term (Months)	36.0 months	12.0 months
Grace Period (Months)	0.0 months	0.0 months
Total Cost of Credit	Not Known	Not Known
True Price by Comp
Interest and Fee Component	13.0%	10.0%
Insurance Component	0.0%	0.0%
Tax Component	0.0%	0.0%
Deposit Component	0.0%	0.0%
Full APR (int fee ins tax dep)	13.0%	10.0%
Transparency Index	77	100

Original Repayment Schedule	PDF	PDF
MFT Pricing Calculation	PDF	PDF

Enterprise Loan Price Graphs

Click to view Price Analysis Tool

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

	X Axis
	Greater than:
	Less or equal to:
N (# of Samples)
Total Borrrowers of Samples


Avg
Min
Max
Std Dev

By Inst Type


By Country

	X Axis
	Greater than:
	Less or equal to:
	From 0 to
	to
	to
	to ∞