| Institution Type | Non Bank Financial Institution |
| Is this institution regulated? | Yes |
| Website address | N/A |
| Year established | 1996 |
| Head of Institution | Sentayehu Ketema |
| Regions active | |
| # Branches | 9 |
| Total Portfolio (nat'l) | ETB 17,886,789 |
| Total Portfolio (USD) | USD 972,108.10 |
| Active clients with loans | 5,015 |
| Approximate % female clients | 40% - 60% |
| Approximate % urban clients | 80% - 100% |
| Network affiliations | AEMFI, MAIN |
| Funders |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Consumption Loan | ETB 2,000 - 10,000 | 12 - 24 | 20% - 40% | 80% - 100% | Any Purpose | Women, Men, Salaried worker | Credit Educ, Group Mtgs, Tech Asst Visits, Business Training | |||||||
| Group Loan | ETB 2,500 - 10,000 | 1 - 12 | 60% - 80% | 80% - 100% | Any Purpose | Women, Men | Credit Educ, Group Mtgs, Tech Asst Visits, Business Training | |||||||
| Individual Loan | ETB 2,500 - 80,000 | 12 - 36 | 60% - 80% | 80% - 100% | Any Purpose | Women, Men | Credit Educ, Tech Asst Visits, Business Training |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Consumption Loan | 10.0% annual, Decl Bal | 1 Fee | 0 Ins | None | N/A | 18.1% - 22.1% | 18.1% - 22.1% | 51 | ||||||||
| Group Loan | 11.5% annual, Decl Bal | 1 Fee | 0 Ins | None | N/A | 24.2% - 24.5% | 24.2% - 24.5% | 47 | ||||||||
| Individual Loan | 11.5% annual, Decl Bal | 1 Fee | 0 Ins | None | N/A | 21.2% - 24.3% | 21.2% - 24.3% | 51 |
| Outstanding portfolio (USD) | USD 3,922,617.95 |
| Portfolio (USD) | USD 3,922,617.95 |
| Active Clients with Loans | 111 |
| Approximate % Female Clients | 0% - 20% |
| Approximate % Urban Clients | 60% - 80% |
| 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 | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services | x |
| 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 | |
| Other (2) |
| # Regions for this institution | 8 |
| # Regions for this product | 8 |
| Regions Active | Absheron, Ganja-Qazakh, Shaki-Zaqatala, Lankaran-Astara, Quba-Khachmaz, Orta Kur, Daglig-Shirvan, Nakhichevan |
| Currency | USD |
| Minimum loan size | USD 5,000 |
| Maximum loan size | 100,000 |
| Shortest loan term | 3.0 months |
| Longest loan term | 60.0 months |
| Approx average | 30.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 5% |
| Between 13 and 18 months | 5% |
| Longer than 18 months | 90% |
| 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 | 20.00% |
| Highest quoted nominal interest | 23.00% |
| Reason(s) why interest rate varies | Loan Size |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Commission Fee |
| % of loan amount - min | 1.00% |
| % of loan amount - max | 2.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | 2% upto the Loan amount $25,000 and 1% for the loan amount more than $25,000 |
| Appears on Repayment Sched? | No |
| Required for | Never |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | N/A |
| Do borrowers control deposit in their group? | N/A |
| % loan amount deposited | N/A |
| or, Fixed-amount deposited | N/A |
| % loan amount deposited | N/A |
| or, Fixed-amount deposited | N/A |
| Conditions on access to deposit | N/A |
| Minimum interest rate paid | N/A |
| Maximum interest rate paid | N/A |
| Interest payment frequency | N/A |
| Are taxes charged on this product? | No |
Type of Sample |
Grace Period (Months) |
Full APR (int fee ins tax dep) |
True Price by Component |
|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Interest price component |
Fee Component |
Insurance Component |
Tax Component |
Deposit Component |
||||||||||
| USD 20,000 | Generated | 2014-11-01 | 12.0 months | N/A | USD 2,854.01 | 25.7% | 21.8% | 3.9% | 0.0% | 0.0% | 0.0% | 78 | - | |
| USD 38,000 | Generated | 2014-11-01 | 12.0 months | N/A | USD 5,422.62 | 25.7% | 21.8% | 3.9% | 0.0% | 0.0% | 0.0% | 78 | - | |
| USD 52,000 | Generated | 2014-11-01 | 18.0 months | N/A | USD 10,995.29 | 25.5% | 22.8% | 2.7% | 0.0% | 0.0% | 0.0% | 78 | - | |
| USD 69,000 | Generated | 2014-11-01 | 24.0 months | N/A | USD 19,085.38 | 24.9% | 22.8% | 2.1% | 0.0% | 0.0% | 0.0% | 80 | - | |
| 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 |
|---|---|---|---|---|---|---|---|
