Metemamen MFI - Siket Loan (Success) - MFTransparency.org Truth In Lending Tables

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Institution

Metemamen MFI Bole RoadAddis AbabaPO Box 21304

Data approved: 2011-12-23

Data version: 1

Age of data: 162 months

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Product

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Product Details

Key Statistics

Outstanding portfolio (ETB)	ETB 1,026,354
Portfolio (USD)	USD 55,780.11
Active Clients with Loans	962
Approximate % Female Clients	80% - 100%
Approximate % Urban Clients	40% - 60%

Methodology

Individual
Solidarity group	x
Village banking
Self help group
Other

Description

This product is targeted at urban and semi urban clients engaged in large business activities. It is for groups of 3 to 5 members.

Loan Purpose

Any purpose
Income generation	x
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)

Included Services

Credit education	x
Group meetings	x
Credit insurance
Workplace visits
Business training
Other training
Other
Other (2)
No other services

Eligibility

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)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	N/A
# Regions for this product	N/A
Regions Active

Loan Conditions

Loan Amount

Currency	ETB
Minimum loan size	ETB 2,500
Maximum loan size	11,000

Loan Term and Grace Period

Shortest loan term	3.0 months
Longest loan term	12.0 months
Approx average	10.0 months

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

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

Pricing Information

Interest

Lowest quoted nominal interest	1.50%
Highest quoted nominal interest	1.50%
Interest rate period	Monthly
Interest Rate Calculation Method	Flat
Subsidized by funder request?
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1
Description	Service Charge
% of loan amount - min	4.00%
% of loan amount - max	4.00%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation
Appears on Repayment Sched?	No

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

This product has no upfront insurance fees

Ongoing Insurance Fees

This product has no ongoing insurance fees

Compulsory Deposit

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	8.00% - N/A
or, Fixed-amount deposited	0

Deposits DURING period payments

% loan amount deposited	10.00% - N/A
or, Fixed-amount deposited	0
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

Are taxes charged on this product?

Additional Comments

Interest on savings is compounded and paid 6 monthly.

Full Pricing Data

Siket Loan (Success) samples

	Sample 1	Sample 2	Sample 3	Sample 4
Loan Amount	ETB 3,500	ETB 5,000	ETB 5,500	ETB 6,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known	Not Known
Disbursement Date	2011-06-22	2011-04-27	2011-06-14	2011-06-14
Loan Term (Months)	12.0 months	12.0 months	6.0 months	6.0 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	40.0%	40.0%	45.3%	45.3%
Insurance Component	0.0%	0.0%	0.0%	0.0%
Tax Component	0.0%	0.0%	0.0%	0.0%
Deposit Component	8.2%	8.2%	7.8%	10.3%
Full APR (int fee ins tax dep)	48.2%	48.2%	53.1%	55.6%
Transparency Index	37	37	34	32

Original Repayment Schedule	PDF	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF	PDF

Siket Loan (Success) Price Graphs

Loan Size/

Loan Term/

Custom

Click to view Price Analysis Tool

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
ACSI	682,200	103,172,000	5	162
ADCSI	176,100	30,846,000	2	163
BG	47,000	4,048,000	4	162
DECSI	361,000	96,304,000	7	162
Dire	4,900	828,000	4	162
DMCPSC	1,200	69,000	1	162
Eshet	18,800	2,392,000	3	162
Harbu	22,400	1,757,000	2	162
Meklit	12,200	1,395,000	4	162
Metemamen	10,500	650,000	6	162
OCSSCO	502,700	69,565,000	3	162
OMO	323,600	31,385,000	4	162
PEACE	17,200	2,462,000	3	162
SFPI	33,600	2,750,000	3	162
Sidama	53,400	1,162,000	6	162
Wasasa	49,300	5,798,000	4	162
Wisdom MFI	45,300	5,500,000	6	159

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

	X Axis
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	Less or equal to:
N (# of Samples)
Total Borrrowers of Samples


Avg
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Max
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By Inst Type


By Country

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