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Institution
Data approved: 2011-12-23
Data version: 1
Age of data: 162 months
Description
This loan is for a large group of people, not greater than 25 people. 30%of loan is paid during the loan term and 70% at the end, with interest paid throughout.
Any purpose x Income generation Mortgage/housing Consumer loan Agriculture Education Other household finance Other Other (2)
Credit education x Group meetings Credit insurance Workplace visits Business training Other training x Other Agricultural Training Other (2) No other services
Men x 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)
Portfolio Size by Product
Geographic Coverage
# Regions for this institution N/A # Regions for this product N/A Regions Active
Loan Conditions
Currency ETB Minimum loan size ETB 100 Maximum loan size 5,000
Shortest loan term 4.0 months Longest loan term 12.0 months Approx average 12.0 months
Daily Weekly Every 2 weeks Every 4 weeks Monthly x Every 2 months Quarterly x 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 3.00% % of loan amount - max 3.00% OR, Fixed amount - min 0 Fixed amount - max 0 Reason for variation N/A Appears on Repayment Sched? Yes
Ongoing Fees This product has no ongoing fees Upfront Insurance Fees Ins 1 Description Insurance % of loan amount - min 1.00% % of loan amount - max 1.00% OR, Fixed amount - min 0 Fixed amount - max 0 Reason for variation N/A Appears on Repayment Sched? Yes
Ongoing Insurance Fees This product has no ongoing insurance fees
Required for All Criteria N/A Is deposit indicated on the repayment schedule? Yes Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited 10.00% - 15.00% or, Fixed-amount deposited 0
Deposits DURING period payments
% loan amount deposited 0 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 Monthly
Taxes
Are taxes charged on this product? No
Additional Comments
Compulsory savings - 10% of loan for first cycle, and 15% for subsequent cycles. 3% of loan needs to be paid within the loan term, and 7% on the due date. 3% is paid in regular installments, and interest is paid in regular installments.
Large Group Loan Price Graphs
0 100 Pricing Transparency Index Regulated Inst. Not Regulated Inst. NBFI Institution Type Any Loan Purpose Wasasa Institution ET-016-V01-P04 Product ET Country 2011 Year Range Number 1 Institution Data Version 0 1,000 2,000 3,000 4,000 Loan Size (all) 0% 10% 20% 30% Full APR (int fee ins tax dep) > 22,000 16,000 11,000 5,500 600 Number of Borrowers* * Note: not all bubble sizes in this graph represent number of borrowers, as some samples do not have this data available. These bubbles are shown as a uniform small size. The pop-up text on each bubble will indicate the product scale and the sample scale.
