| Institution Type | Non Bank Financial Institution |
| Is this institution regulated? | Yes |
| Website address | http://www.oromiamicrofinance.com/ |
| Year established | 1997 |
| Head of Institution | Teshome Kebede |
| Regions active | |
| # Branches | 242 |
| Total Portfolio (nat'l) | ETB 1,280,000,000 |
| Total Portfolio (USD) | USD 69,565,217.39 |
| Active clients with loans | 503,000 |
| Approximate % female clients | 20% - 40% |
| Approximate % urban clients | 0% - 20% |
| Network affiliations | AEMFI |
| Funders | Care International, Catholic Relief Services, A Glimmer of Hope, CIDR |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Agriculture Loan | ETB 1,900 - 5,000 | 12 | 20% - 40% | 0% - 20% | Business, Agriculture | Women, Men | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training | |||||||
| Micro & Small Enterprise Loan | ETB 10,000 - 120,000 | 12 - 60 | 20% - 40% | 80% - 100% | Any Purpose | Women, Men, Have business | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training | |||||||
| Urban Petty Trading Loan | ETB 2,000 - 5,000 | 4 - 12 | 80% - 100% | 80% - 100% | Business | Women, Men | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Agriculture Loan | 10.0%-15.0% annual, Flat | 1 Fee | 1 Ins | None | 10.0% upfront | 13.4% - 19.3% | 15.7% - 22.6% | 54 | ||||||||
| Micro & Small Enterprise Loan | 10.0% annual, Flat | 1 Fee | 0 Ins | None | 20.00 ongoing | 21.8% | 21.8% | 46 | ||||||||
| Urban Petty Trading Loan | 10.0%-15.0% annual, Flat | 1 Fee | 1 Ins | None | 10.0% upfront | 23.8% - 31.2% | 30.4% - 39.3% | 31 |
| Outstanding portfolio (KES) | KES 63,222,337 |
| Portfolio (USD) | USD 763,554.79 |
| Active Clients with Loans | 10,722 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 0% - 20% |
| Any purpose | x |
| Income generation | |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| Credit insurance | |
| Workplace visits | x |
| Business training | x |
| Other training | |
| Other | Training of trainers for groups |
| Other (2) | |
| No other services |
| Men | |
| 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) |
| Currency | KES |
| Minimum loan size | KES 1,000 |
| Maximum loan size | 20,000 |
| Shortest loan term | 1.0 month |
| Longest loan term | 1.0 month |
| Approx average | 1.0 month |
| 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 | 5.00% |
| Highest quoted nominal interest | 5.00% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | N/A |
| Is rate fixed for entire loan term | Yes |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | |
| Do borrowers control deposit in their group? |
| % loan amount deposited | 33.33% - N/A |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | KES 200 - N/A |
| Conditions on access to deposit | Access During |
| Minimum interest rate paid | 2.00% |
| Maximum interest rate paid | 4.00% |
| Interest payment frequency | End Term |
| Are taxes charged on this product? | No |
| 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 |
|---|---|---|---|---|---|---|---|
