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Institution
Data approved: 2011-12-23
Data version: 1
Age of data: 161 months
Description
This product has 12 loan categories - construction (materials supply), construction (services), food processing, electricity installation & services, woodwork, metalwork, transportation, petty trade, consumption, dairy, urban agriculture, etc
Any purpose x Income generation 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 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)
Portfolio Size by Product
Geographic Coverage
# Regions for this institution N/A # Regions for this product N/A Regions Active
Loan Conditions
Currency ETB Minimum loan size ETB 2,000 Maximum loan size 50,000
Shortest loan term 12.0 months Longest loan term 36.0 months Approx average 12.0 months
Daily Weekly Every 2 weeks Every 4 weeks Monthly x Every 2 months Quarterly x Every 6 months Every 12 months Single end payment x Irregular payments
Pricing Information
Interest
Lowest quoted nominal interest 10.00% Highest quoted nominal interest 10.00% Interest rate period Yearly Interest Rate Calculation Method Decl Bal Subsidized by funder request? Is rate fixed for entire loan term Yes
Upfront Fees Fee 1 Description Commission Fee % 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
Ongoing Fees This product has no ongoing fees Upfront Insurance Fees Ins 1 Description Loan Insurance % of loan amount - min 2.00% % of loan amount - max 2.00% OR, Fixed amount - min 0 Fixed amount - max 0 Reason for variation N/A Appears on Repayment Sched? Yes
Ongoing Insurance Fees This product has no ongoing insurance fees
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 5.00% - 10.00% or, Fixed-amount deposited 0
Deposits DURING period payments
% loan amount deposited 0 or, Fixed-amount deposited ETB 20 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 Annually
Taxes
Are taxes charged on this product? No
Additional Comments
Compulsory savings is 1st cycle 10%, 2nd cycle 8%, 3rd cycle 5%. Savings interest is compounded semi-annually.
Urban Loan Price Graphs
0 100 Pricing Transparency Index Regulated Inst. Not Regulated Inst. NBFI Institution Type Any Loan Purpose OMO Institution ET-011-V01-P04 Product ET Country 2011 Year Range Number 1 Institution Data Version 0 2,000 4,000 6,000 Loan Size (all) 0% 5% 10% 15% Full APR (int fee ins tax dep) > 29,000 22,000 14,000 7,300 800 Number of Borrowers* * Note: not all bubble sizes in this graph represent number of borrowers, as some samples do not have this data available. These bubbles are shown as a uniform small size. The pop-up text on each bubble will indicate the product scale and the sample scale.
