Number borrowers | 2,600 |
Loan Amount (range) | ETB 4,200 - 5,669 |
Loan Term (range) | 24 |
Other Services (text summary) | Credit Educ, Group Mtgs |
Annual Interest & Method | 13.0% annual, Decl Bal |
Fees | None |
Insurance | None |
Tax | None |
Comp Dep | 3.0% upfront 0.30% ongoing |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 13.0% (Int+Fee) |
Insurance Component | 0 - 1.9% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 13.4% - 13.5% |
Transparency Index (min/max) | 73 - 100 |
Transparency Index (average) | 96 |
1,076 |
USD 100 - 5,000 |
3 - 36 |
Credit Educ, Credit Ins, Asesoría administración del dinero |
14.0%-16.0% annual, Decl Bal |
1.00% upfront |
None |
None |
5.00 ongoing |
N/A |
16.2% - 16.4% (Int+Fee) |
0.1% - 5.3% |
0 |
17.3% - 19.8% |
0 - N/A |
75 |
Outstanding portfolio (ETB) | ETB 8,193,729 |
Portfolio (USD) | USD 445,311.36 |
Active Clients with Loans | 2,600 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 0% - 20% |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | Agriculture |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | |
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) |
Outstanding portfolio (USD) | USD 2,021,763 |
Portfolio (USD) | USD 2,021,763 |
Active Clients with Loans | 1,076 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 80% - 100% |
Any purpose | x |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | |
Other | Asesoría administración del dinero |
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 | Si el deudor no es propietario de una casa, el garante sí requiere tener una casa. |
Other (2) | Pueden acceder personas desde los 18 años de edad en adelante. |
Currency | ETB |
Minimum loan size | ETB 4,200 |
Maximum loan size | 5,669 |
Shortest loan term | 24.0 months |
Longest loan term | 24.0 months |
Approx average | 24.0 months |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | x |
Every 12 months | |
Single end payment | |
Irregular payments |
Currency | USD |
Minimum loan size | USD 100 |
Maximum loan size | 5,000 |
Shortest loan term | 3.0 months |
Longest loan term | 36.0 months |
Approx average | 13.0 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 | 13.00% |
Highest quoted nominal interest | 13.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | Yes |
Do borrowers control deposit in their group? |
% loan amount deposited | 3.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0.30% |
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 |
Lowest quoted nominal interest | 14.00% |
Highest quoted nominal interest | 16.00% |
Reason(s) why interest rate varies | Cantidad de ingresos de la persona |
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 | Seguro de Desgravamen |
% of loan amount - min | 1.00% |
% of loan amount - max | 1.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | |
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 | 0 |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | USD 5 |
Conditions on access to deposit | Access During |
Minimum interest rate paid | 1.50% |
Maximum interest rate paid | 4.00% |
Interest payment frequency | Monthly |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | ETB 4,201.94 | ETB 4,201.94 | ETB 4,201.94 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2011-03-22 | 2009-12-30 | 2011-09-27 | ||
Loan Term (Months) | 24.0 months | 24.0 months | 24.0 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% | 13.0% | ||
Insurance Component | 0.0% | 0.0% | 0.0% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 0.5% | 0.5% | 0.5% | ||
Full APR (int fee ins tax dep) | 13.4% | 13.5% | 13.5% | ||
Transparency Index | 97 | 96 | 97 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | USD 400 | USD 1,000 | USD 2,000 | USD 4,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2010-08-28 | 2010-08-24 | 2010-07-09 | 2010-07-19 | |||
Loan Term (Months) | 6.0 months | 8.0 months | 15.0 months | 30.0 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 | 16.2% | 16.2% | 16.2% | 16.4% | |||
Insurance Component | 3.3% | 2.8% | 1.6% | 0.9% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 0.3% | 0.1% | 0.1% | 0.0% | |||
Full APR (int fee ins tax dep) | 19.8% | 19.2% | 17.9% | 17.3% | |||
Transparency Index | 71 | 73 | 78 | 81 | |||
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 |
---|---|---|---|---|---|---|---|