Number borrowers | 850 |
Loan Amount (range) | ETB 10,000 - 50,000 |
Loan Term (range) | 12 - 24 |
Other Services (text summary) | Credit Educ, Credit Ins |
Annual Interest & Method | 16.0%-20.0% annual, Flat |
Fees | 2.00% upfront |
Insurance | upfront |
Tax | None |
Comp Dep | 5.0%-15.0% upfront 5.00%-15.00% ongoing |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 29.0% - 41.9% (Int+Fee) |
Insurance Component | 1.1% - 5.4% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 33.6% - 50.0% |
Transparency Index (min/max) | 32 - 50 |
Transparency Index (average) | 40 |
Outstanding portfolio (ETB) | ETB 2,550,000 |
Portfolio (USD) | USD 138,586.96 |
Active Clients with Loans | 850 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 60% - 80% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | x |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | |
Credit insurance | x |
Workplace visits | |
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 | x |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Outstanding portfolio (RWF) | RWF 3,000,000 |
Portfolio (USD) | USD 4,762 |
Active Clients with Loans | 10 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 60% - 80% |
Any purpose | x |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Men | x |
Women | x |
Must run a business | |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | x |
Other | May be running a business, owning a home or a salaried worker |
Other (2) |
# Regions for this institution | 1 |
# Regions for this product | N/A |
Regions Active |
Currency | ETB |
Minimum loan size | ETB 10,000 |
Maximum loan size | 50,000 |
Shortest loan term | 12.0 months |
Longest loan term | 24.0 months |
Approx average | 24.0 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 | 16.00% |
Highest quoted nominal interest | 20.00% |
Reason(s) why interest rate varies | Not specified |
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 | |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Loan Insurance |
% of loan amount - min | 0 |
% of loan amount - max | 1.50% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | <1000 ETB=1%,<2000 birr=1.2%,<3000 ETB=1.3%, <4000ETB=1.4%, <5000 ETB=1.5%. Over 5000 ETB=0 |
Appears on Repayment Sched? | Yes |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | Yes |
Do borrowers control deposit in their group? |
% loan amount deposited | 5.00% - 15.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 5.00% - 15.00% |
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 | Annually |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | ETB 10,000 | ETB 12,000 | ETB 16,000 | ETB 30,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2011-06-25 | 2010-02-25 | 2010-05-14 | 2011-06-17 | |||
Loan Term (Months) | 24.0 months | 12.1 months | 24.0 months | 36.0 months | |||
Grace Period (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 | |||
True Price by Comp | |||||||
Interest and Fee Component | 29.8% | 41.9% | 40.0% | 29.0% | |||
Insurance Component | 1.1% | 2.2% | 1.2% | 1.2% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 3.7% | 5.9% | 4.8% | 3.4% | |||
Full APR (int fee ins tax dep) | 34.6% | 50.0% | 45.9% | 33.6% | |||
Transparency Index | 46 | 32 | 35 | 48 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Key Statistics | |
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# Borrowers | |
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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