| Outstanding portfolio (ETB) | ETB 120,624,731 |
| Portfolio (USD) | USD 6,555,691.90 |
| Active Clients with Loans | 23,590 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 0% - 20% |
| Any purpose | |
| Income generation | |
| Mortgage/housing | x |
| Consumer loan | x |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | |
| Group meetings | |
| Credit insurance | |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services | x |
| 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) |
| Currency | ETB |
| Minimum loan size | ETB 1,000 |
| Maximum loan size | 15,000 |
| Shortest loan term | 12.0 months |
| Longest loan term | 36.0 months |
| Approx average | 36.0 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 | 10.00% |
| Highest quoted nominal interest | 13.00% |
| Reason(s) why interest rate varies | Due to loan term- 12 month is 10% plus 3% commission, and above 12 months is 13% but with no commission |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Commission Fee |
| % of loan amount - min | 0 |
| % of loan amount - max | 3.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | Loans 12months or less charged 3%. No fee for loans over 12 months |
| Appears on Repayment Sched? | No |
| 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% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| 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 | |||
|---|---|---|---|---|---|
| Loan Amount | ETB 8,500 | ETB 12,000 | ETB 15,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2011-08-05 | 2011-06-06 | 2011-07-15 | ||
| Loan Term (Months) | 36.0 months | 36.0 months | 36.0 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 | 13.0% | 13.0% | 12.9% | ||
| Insurance Component | 0.0% | 0.0% | 0.0% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 0.8% | 0.8% | 0.8% | ||
| Full APR (int fee ins tax dep) | 13.8% | 13.8% | 13.7% | ||
| Transparency Index | 73 | 73 | 73 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Institution Type | Non Bank Financial Institution |
| Is this institution regulated? | Yes |
| Website address | N/A |
| Year established | 1998 |
| Head of Institution | Romedan Mohammed |
| Regions active | |
| # Branches | 170 |
| Total Portfolio (nat'l) | ETB 585,102,740 |
| Total Portfolio (USD) | USD 31,799,061.96 |
| Active clients with loans | 327,888 |
| Approximate % female clients | 20% - 40% |
| Approximate % urban clients | 40% - 60% |
| Network affiliations | AEMFI |
| Funders | Regional Government, Wondo Company, Association of Southern Peoples |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Rural Agriculture Loan | ETB 2,000 - 50,000 | 12 - 36 | 20% - 40% | 0% - 20% | Business, Agriculture | Women, Men | Credit Educ, Group Mtgs, Credit Ins | |||||||
| Rural Petty Trade Loan | ETB 2,000 - 50,000 | 12 - 36 | 20% - 40% | 0% - 20% | Business | Women, Men | Credit Educ, Group Mtgs, Credit Ins | |||||||
| Small Investment Loan | ETB 2,000 - 20,000 | 12 - 36 | 0% - 20% | 0% - 20% | Business | Women, Men, Have business | Credit Educ, Group Mtgs, Credit Ins | |||||||
| Urban Loan | ETB 2,000 - 50,000 | 12 - 36 | 40% - 60% | 80% - 100% | Any Purpose | Women, Men | Credit Educ, Group Mtgs, Credit Ins |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Rural Agriculture Loan | 18.0% annual, Decl Bal | 1 Fee | 1 Ins | None | 5.0%-10.0% upfront 6.00 ongoing | 20.2% - 28.7% | 25% - 35.7% | 64 | ||||||||
| Rural Petty Trade Loan | 15.0% annual, Flat | 1 Fee | 1 Ins | None | 5.0%-10.0% upfront 6.00 ongoing | 11.3% - 22.5% | 14.8% - 29% | 65 | ||||||||
| Small Investment Loan | 15.0% annual, Flat | 1 Fee | 1 Ins | None | 5.0%-10.0% upfront 6.00 ongoing | 11.7% | 14.8% - 15.8% | 99 | ||||||||
| Urban Loan | 10.0% annual, Decl Bal | 1 Fee | 1 Ins | None | 5.0%-10.0% upfront 20.00 ongoing | 11.7% - 11.8% | 17.1% - 17.7% | 57 |
| 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 |
|---|---|---|---|---|---|---|---|
