| Institution Type | Non Bank Financial Institution |
| Is this institution regulated? | Yes |
| Website address | http://www.acsi-ethiopia.org/ |
| Year established | 1995 |
| Head of Institution | Mr Mekonen Yelewemwessen |
| Regions active | |
| # Branches | 229 |
| Total Portfolio (nat'l) | ETB 1,940,827,401 |
| Total Portfolio (USD) | USD 105,479,750.10 |
| Active clients with loans | 694,993 |
| Approximate % female clients | 60% - 80% |
| Approximate % urban clients | 0% - 20% |
| Network affiliations | AEMFI |
| Funders | ORDA Organisation for Rehabilitation and Development in Amhara, Regional Government, Endeaveour, ADA Amhara Development Association |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Loan | ETB 1,000 - 15,000 | 12 - 36 | 60% - 80% | 0% - 20% | Housing, Consumer | Women, Men, Salaried worker | ||||||||
| Enterprise Loan | ETB 5,001 - 10,000,000 | 12 - 60 | 60% - 80% | 0% - 20% | Business | Women, Men, Have business | ||||||||
| Group Loan - End Term | ETB 150 - 3,000 | 6 - 12 | 60% - 80% | 0% - 20% | Business, Agriculture | Women, Men | Credit Educ, Group Mtgs, Credit Ins | |||||||
| Group Loan - Installments | ETB 150 - 7,500 | 12 - 24 | 60% - 80% | 0% - 20% | Any Purpose | Women, Men | Credit Educ, Group Mtgs, Credit Ins | |||||||
| Technology Loan | ETB 4,200 - 5,669 | 24 | 60% - 80% | 0% - 20% | Business, Agriculture | Women, Men | Credit Educ, Group Mtgs |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Loan | 10.0%-13.0% annual, Decl Bal | 1 Fee | 0 Ins | None | 5.0% upfront | 12.9% - 13% | 13.7% - 13.8% | 73 | ||||||||
| Enterprise Loan | 10.0%-13.0% annual, Decl Bal | 1 Fee | 0 Ins | None | N/A | 10% - 13% | 10% - 13% | 88 | ||||||||
| Group Loan - End Term | 18.0% annual, Decl Bal | 0 Fees | 1 Ins | None | 5.0% upfront 1.00% ongoing | 18% | 20.5% | 88 | ||||||||
| Group Loan - Installments | 15.0% annual, Decl Bal | 0 Fees | 1 Ins | None | 3.0% upfront 1.00% ongoing | 14.9% - 15.1% | 17% - 17.9% | 85 | ||||||||
| Technology Loan | 13.0% annual, Decl Bal | 0 Fees | 0 Ins | None | 3.0% upfront 0.30% ongoing | 13% | 13.4% - 13.5% | 96 |
| Outstanding portfolio (KHR) | KHR 2,426,800 |
| Portfolio (USD) | USD 606.70 |
| Active Clients with Loans | 20 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 80% - 100% |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | |
| Group meetings | |
| Credit insurance | |
| Workplace visits | x |
| Business training | x |
| Other training | x |
| Other | |
| Other (2) | |
| No other services |
| Men | |
| Women | |
| Must run a business | |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | |
| Other (2) |
| Currency | KHR |
| Minimum loan size | KHR 100,000 |
| Maximum loan size | 200,000 |
| Shortest loan term | 0 |
| Longest loan term | 0 |
| Approx average | 0 |
| Loans 3 months or less | N/A |
| Between 4 and 6 months | N/A |
| Between 7 and 9 months | N/A |
| Between 10 and 12 months | N/A |
| Between 13 and 18 months | N/A |
| Longer than 18 months | N/A |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 4.00% |
| Highest quoted nominal interest | 4.00% |
| Interest rate period | |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | N/A |
| Is rate fixed for entire loan term | N/A |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | |
| Do borrowers control deposit in their group? | Yes |
| % loan amount deposited | 0 - N/A |
| or, Fixed-amount deposited | 0 - N/A |
| % loan amount deposited | 15.00% - N/A |
| or, Fixed-amount deposited | 0 - N/A |
| Conditions on access to deposit | Final Pmt |
| Minimum interest rate paid | 2.00% |
| Maximum interest rate paid | 4.50% |
| Interest payment frequency | Monthly |
| Are taxes charged on this product? | No |
| Sample 1 | |
|---|---|
| Loan Amount | KHR 200,000 |
| Loan Cycle (1, 2, 3, etc) | Not Known |
| Disbursement Date | 2012-09-11 |
| Loan Term (Months) | N/A |
| Grace Period (Months) | 0 |
| Total Cost of Credit | Not Known |
| True Price by Comp | |
| Interest and Fee Component | DK |
| Insurance Component | 58.1% |
| Tax Component | -58.1% |
| Deposit Component | 0 |
| Full APR (int fee ins tax dep) | DK |
| Transparency Index | -1 |
| 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 |
|---|---|---|---|---|---|---|---|
