Sidama MFI - Petty Trade Loan - MFTransparency.org Truth In Lending Tables

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Institution

Sidama MFI Head OfficeHawassaPO Box 565

Data approved: 2011-12-23

Data version: 1

Age of data: 162 months

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Product

Petty Trade Loan Product 5 of 6 « Prev | Next »

Product Details

Key Statistics

Outstanding portfolio (ETB)	ETB 6,660,000
Portfolio (USD)	USD 361,956.52
Active Clients with Loans	16,403
Approximate % Female Clients	20% - 40%
Approximate % Urban Clients	40% - 60%

Methodology

Individual	x
Solidarity group	x
Village banking
Self help group
Other

Description

This product is targeted at those who engage in petty trading activities. It may be either on group or basis.

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	x
Workplace visits
Business training
Other training
Other
Other (2)
No other services

Eligibility

Men	x
Women	x
Must run a business
Must own a home or land	x
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 300
Maximum loan size	100,000

Loan Term and Grace Period

Shortest loan term	3.0 months
Longest loan term	24.0 months
Approx average	12.0 months

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

Daily
Weekly
Every 2 weeks	x
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	18.00%
Highest quoted nominal interest	18.00%
Interest rate period	Yearly
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	2.00%
% of loan amount - max	2.00%
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

	Ins 1
Description	Loan Insurance
% of loan amount - min	1.00%
% of loan amount - max	2.00%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	1% for group members, 2% for individual loans
Appears on Repayment Sched?	No

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	6.00% - N/A
or, Fixed-amount deposited	0

Deposits DURING period payments

% loan amount deposited	0
or, Fixed-amount deposited	ETB 20 - N/A
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 Saving is compounded on quarterly basis.

Full Pricing Data

Petty Trade Loan samples

	Sample 1	Sample 2	Sample 3	Sample 4	Sample 5	Sample 6
Loan Amount	ETB 3,000	ETB 6,000	ETB 7,000	ETB 25,000	ETB 30,000	ETB 30,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known	Not Known	Not Known	Not Known
Disbursement Date	2011-09-16	2011-09-22	2011-09-22	2011-08-17	2011-08-17	2011-08-10
Loan Term (Months)	12.0 months	12.0 months	12.0 months	24.0 months	24.0 months	24.0 months
Grace Period (Months)	0.0 months	0.0 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	Not Known	Not Known
True Price by Comp
Interest and Fee Component	35.7%	35.7%	35.7%	28.7%	28.7%	28.7%
Insurance Component	2.1%	2.1%	2.1%	1.1%	1.1%	1.1%
Tax Component	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Deposit Component	5.9%	4.8%	4.7%	3.2%	3.1%	3.1%
Full APR (int fee ins tax dep)	43.7%	42.6%	42.5%	33.0%	32.9%	32.9%
Transparency Index	41	42	42	55	55	55

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

Petty Trade Loan Price Graphs

Loan Size/

Loan Term/

Custom

Click to view Price Analysis Tool

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
Actuar Caldas	3,700	5,247,000	1	171
Actuar Quindio	2,300	2,800,000	2	171
Actuar Tolima	8,800	5,099,000	3	171
Amanecer	4,300	8,253,000	4	171
Banco Agrario	56,300	39,938,000	3	171
Banco WWB	219,400	294,019,000	5	166
Bancolombia	36,200	51,563,000	1	171
BdO	10,400	7,945,000	2	171
Comerciacoop	1,600	3,255,000	4	171
Confiar	43,800	81,993,000	7	171
Congente	5,400	20,045,000	2	171
Contactar	25,100	20,184,000	2	171
Crezcamos	27,500	22,564,000	4	171
Finamerica	39,800	99,536,000	7	171
FMM Popayán	310,000	243,614,000	3	171
FMSD	6,800	9,236,000	6	171
Fomentamos	900	102,000	1	171
Fund DeLaMujer	199,900	165,568,000	1	171
Fund Oleoductos	500	435,000	1	166
FUNDAUNIBAN	600	1,307,000	2	171
FUNDESAN	2,400	2,521,000	5	171
FUNDESMAG	1,000	1,698,000	2	171
Interactuar	30,200	93,846,000	4	171
MEDA	15,600	27,322,000	2	171
ProCredit CO	5,700	18,569,000	3	171

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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Total Borrrowers of Samples


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