Institution Type | Non Bank Financial Institution |
Is this institution regulated? | Yes |
Website address | http://www.peacemfi.org/ |
Year established | 1999 |
Head of Institution | Mr Tezera Kebede |
Regions active | |
# Branches | 18 |
Total Portfolio (nat'l) | ETB 44,682,307 |
Total Portfolio (USD) | USD 2,428,386.25 |
Active clients with loans | 17,206 |
Approximate % female clients | 60% - 80% |
Approximate % urban clients | 0% - 20% |
Network affiliations | AEMFI, MAIN, WWB |
Funders | Oxfam Novib, Ethio-Italian Development Cooperation, Agri Service Ethiopia, RUFIP |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Agricultural Loan | ETB 2,000 - 5,000 | 3 - 12 | 60% - 80% | 0% - 20% | Business, Agriculture | Women, Men, Have business | Group Mtgs, Tech Asst Visits, Business Training, Other Training, Savings training | |||||||
Non-agricultural loan | ETB 1,900 - 5,000 | 3 - 18 | 80% - 100% | 0% - 20% | Business | Women, Men, Have business | Credit Educ, Group Mtgs, Credit Ins, Business Training, Savings training |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Agricultural Loan | 18.0% annual, Flat | 1 Fee | 0 Ins | None | 10.0% upfront 10.00% ongoing | 20.1% - 20.2% | 22% - 22.2% | 81 | ||||||||
Non-agricultural loan | 15.0% annual, Flat | 1 Fee | 0 Ins | None | 10.0% upfront | 30.7% - 30.8% | 38.2% - 40.4% | 38 |
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