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Institution
Data approved: 2012-03-12
Data version: 1
Age of data: 156 months
Key Statistics
| Outstanding portfolio (ETB) | ETB 126,050 |
| Portfolio (USD) | USD 6,850.54 |
| Active Clients with Loans | 61 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 80% - 100% |
Methodology
| Individual | |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other | |
Description
This is for entrepreneurs in urban areas. Having at least one employee, minimum capital and being in business at least for six months are some of the requirements.
Loan Purpose
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| 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 | x |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | Must have at least one employee |
| Other (2) | Must have at least a certain minimum capital limit. |
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 4,500 |
| Maximum loan size | 8,000 |
Loan Term and Grace Period
| Shortest loan term | 9.0 months |
| Longest loan term | 12.0 months |
| Approx average | 10.0 months |
Grace Period
| Grace period usage | 0 |
| Average grace period | 0 |
Repayment Frequency
| 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 | |
Pricing Information
Interest
| Lowest quoted nominal interest | 15.00% |
| Highest quoted nominal interest | 15.00% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | Yes |
Upfront Fees
| Fee 1 |
|---|
| Description | Service Charge |
| % of loan amount - min | 2.50% |
| % of loan amount - max | 2.50% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | |
| Appears on Repayment Sched? | Yes |
Ongoing Fees
This product has no ongoing feesUpfront Insurance Fees
This product has no upfront insurance feesOngoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | |
| Do borrowers control deposit in their group? | |
Deposit BEFORE or AT Disbursement
| % loan amount deposited | 10.00% - N/A |
| or, Fixed-amount deposited | 0 |
Deposits DURING period payments
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | ETB 10 - N/A |
| Conditions on access to deposit | End Term |
Interest Paid on Deposit
| Minimum interest rate paid | 5.00% |
| Maximum interest rate paid | 5.00% |
| Interest payment frequency | Monthly |
Taxes
| Are taxes charged on this product? | No |
Additional Comments
Savings interest is compounded monthly
Full Pricing Data
Enterprise loan samples
| Sample 1 | | Sample 2 | | Sample 3 |
|---|
| Loan Amount | ETB 4,000 | | ETB 8,000 | | ETB 8,000 |
| Loan Cycle (1, 2, 3, etc) | 3 | | Not Known | | Not Known |
| Disbursement Date | 2011-12-16 | | 2011-08-19 | | 2011-08-19 |
| Loan Term (Months) | 6.0 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 | 22.9% | | 31.9% | | 31.9% |
| Insurance Component | 4.4% | | 4.2% | | 4.2% |
| Tax Component | 0.0% | | 0.0% | | 0.0% |
| Deposit Component | 2.8% | | 7.0% | | 40.8% |
| Full APR (int fee ins tax dep) | 30.1% | | 43.1% | | 76.9% |
| Transparency Index | 50 | | 35 | | 20 |
| | | | | | |
| Original Repayment Schedule | PDF | | PDF | | PDF |
| MFT Pricing Calculation | PDF | | PDF | | PDF |
Enterprise loan Price Graphs
