Eshet MFI - Rural Agricultural Loan - MFTransparency.org Truth In Lending Tables

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Institution

Eshet MFI Head OfficeAddis AbabaPO Box 23923

Data approved: 2011-12-23

Data version: 1

Age of data: 157 months

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Product

Rural Agricultural Loan Product 3 of 3 « Prev | Next »

Product Details

Key Statistics

Outstanding portfolio (ETB)	ETB 38,304,548
Portfolio (USD)	USD 2,081,768.91
Active Clients with Loans	16,472
Approximate % Female Clients	20% - 40%
Approximate % Urban Clients	0% - 20%

Methodology

Individual
Solidarity group	x
Village banking
Self help group
Other

Description

This product is targeted at rural dwellers whose economic activities is mainly agricultural production

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)

# 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 500
Maximum loan size	7,500

Loan Term and Grace Period

Shortest loan term	6.0 months
Longest loan term	12.0 months
Approx average	12.0 months

Grace Period

Grace period usage	100%
Average grace period	1.0 month

Repayment Frequency

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

Pricing Information

Interest

Lowest quoted nominal interest	24.00%
Highest quoted nominal interest	24.00%
Interest rate period	Yearly
Interest Rate Calculation Method	Flat
Subsidized by funder request?
Is rate fixed for entire loan term	Yes

Upfront Fees

This product has no upfront fees

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	Ins 1
Description	Insurance Fee
% 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?	No

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?	Yes
Do borrowers control deposit in their group?

Deposit BEFORE or AT Disbursement

% loan amount deposited	5.00%
or, Fixed-amount deposited	0

Deposits DURING period payments

% loan amount deposited	0
or, Fixed-amount deposited	ETB 10
Conditions on access to deposit	Access During

Interest Paid on Deposit

Minimum interest rate paid	6.00%
Maximum interest rate paid	6.00%
Interest payment frequency	Annually

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Full Pricing Data

Rural Agricultural Loan samples

	Sample 1	Sample 2	Sample 3
Loan Amount	ETB 800	ETB 1,800	ETB 2,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known
Disbursement Date	2011-09-06	2011-09-06	2011-09-06
Loan Term (Months)	12.0 months	12.0 months	12.0 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	24.1%	24.1%	24.1%
Insurance Component	1.2%	1.2%	1.2%
Tax Component	0.0%	0.0%	0.0%
Deposit Component	1.5%	1.3%	1.3%
Full APR (int fee ins tax dep)	26.8%	26.6%	26.6%
Transparency Index	89	90	90

Original Repayment Schedule	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF

Rural Agricultural Loan Price Graphs

Click to view Price Analysis Tool

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
ACB-SA	4,335	1,476,288	6	143
Comicoka	827	758,435	4	143
COOJAD	511	823,215	6	143
COOPEDU	2,029	7,549,835	9	143
Duterimbere	6,607	4,365,044	3	143
Goshen	2,076	3,716,008	5	160
Inkingi	2,648	2,593,366	5	160
RML	4,960	3,473,781	3	143
UCU	3,391	1,603,524	4	143
Urwego	37,900	14,755,000	6
Vision Finance	14,226	3,474,646	6	160
Wisigara	2,177	904,708	3	143
Zamuka	253	124,445	3	143
Zigama CSS	53,806	59,670,753	2	160

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

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Total Borrrowers of Samples


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By Country

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