| Institution Type | Non Bank Financial Institution |
| Is this institution regulated? | Yes |
| Website address | N/A |
| Year established | 2000 |
| Head of Institution | Amsalu Alemayehu Gutema |
| Regions active | |
| # Branches | 24 |
| Total Portfolio (nat'l) | ETB 113,970,892 |
| Total Portfolio (USD) | USD 6,194,070.22 |
| Active clients with loans | 53,981 |
| Approximate % female clients | 40% - 60% |
| Approximate % urban clients | 0% - 20% |
| Network affiliations | AEMFI, MAIN, PAMIGA |
| Funders | Terrafina, Cordaid, Ethio Italian Rural Development Cooperation, World Solidarity Movement |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Loan | ETB 1,000 - 10,000 | 4 - 24 | 0% - 20% | 80% - 100% | Housing, Consumer, Education | Women, Men, Salaried worker | Credit Educ | |||||||
| Enterprise Loan | ETB 2,000 - 10,000 | 4 - 12 | 20% - 40% | 80% - 100% | Business | Women, Men, Have business, Must be urban or semi-urban, not for rural clients. | Credit Educ, Business Training | |||||||
| Individual Loan | ETB 5,000 - 150,000 | 4 - 24 | 40% - 60% | 80% - 100% | Business | Women, Men, Have business | Credit Educ, Tech Asst Visits, Business Training | |||||||
| Large Group Loan | ETB 100 - 5,000 | 4 - 12 | 40% - 60% | 0% - 20% | Any Purpose | Women, Men | Credit Educ, Other Training, Agricultural Training |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Loan | 15.0% annual, Flat | 0 Fees | 1 Ins | None | 10.0%-15.0% upfront | 26.6% | 31.9% - 33.6% | 45 | ||||||||
| Enterprise Loan | 18.0% annual, Flat | 0 Fees | 1 Ins | None | 10.0% upfront | 32.1% - 33.8% | 40.2% - 43.9% | 43 | ||||||||
| Individual Loan | 11.0%-15.0% annual, Flat | 0 Fees | 0 Ins | None | N/A | 21.6% - 26.5% | 21.6% - 26.5% | 46 | ||||||||
| Large Group Loan | 18.0% annual, Flat | 1 Fee | 1 Ins | None | 10.0%-15.0% upfront | 23.6% - 23.8% | 27.4% - 27.7% | 65 |
| Outstanding portfolio (INR) | INR 4,957,763 |
| Portfolio (USD) | USD 93,542.70 |
| Active Clients with Loans | 1,145 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 40% - 60% |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services |
| Men | |
| Women | x |
| Must run a business | x |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | |
| Household income <60,000 INR | |
| Household income <120,000 INR | |
| Must live in rural area | |
| Must lives in urban area | |
| Other | |
| Other (2) |
| Currency | INR |
| Minimum loan size | INR 5,000 |
| Maximum loan size | 12,000 |
| Shortest loan term | 12.0 months |
| Longest loan term | 12.0 months |
| Approx average | 12.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 100% |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | |
| Every 2 weeks | x |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 18.00% |
| Highest quoted nominal interest | 18.00% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | Yes |
| Required for | Never |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | N/A |
| Do borrowers control deposit in their group? | N/A |
| % loan amount deposited | N/A |
| or, Fixed-amount deposited | N/A |
| % loan amount deposited | N/A |
| or, Fixed-amount deposited | N/A |
| Conditions on access to deposit | N/A |
| Minimum interest rate paid | N/A |
| Maximum interest rate paid | N/A |
| Interest payment frequency | N/A |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | INR 5,000 | INR 5,000 | INR 10,000 | INR 12,000 | |||
| Loan Cycle (1, 2, 3, etc) | 1 | 1 | 2 | 3 | |||
| Disbursement Date | 2010-03-25 | 2010-03-29 | 2010-03-25 | 2010-03-29 | |||
| Loan Term (Months) | 12.0 months | 11.2 months | 12.0 months | 12.0 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 | 37.5% | 43.6% | 41.0% | 38.9% | |||
| Insurance Component | 1.1% | 1.3% | 1.2% | 1.1% | |||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Full APR (int fee ins tax dep) | 38.6% | 44.8% | 42.2% | 40.0% | |||
| MFIN MFI Earning (Annualised) | 37.5% | 43.6% | 41.0% | 38.9% | |||
| MFIN Cost to Borrower (Annualised) | 38.6% | 44.8% | 42.2% | 40.0% | |||
| Transparency Index | 47 | 40 | 43 | 45 | |||
| MFIN Transparency Index | N/A | N/A | N/A | N/A | |||
| Original Repayment Schedule | |||||||
| MFT Pricing Calculation |
| 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 |
| Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
|---|---|---|---|---|---|---|---|
