SUMMARY OF PRODUCT PARAMETERS

S/N

Product Type

Modality

Maximum Loan Size

Maximum Loan Term

Interest Rate

Service Charge

Collateral/Guarantee

1.

Rural Solidarity Group Based Loan

In group

15,000 ETB

1 yrs

17 %

3%

Group liability

2.

Urban Solidarity Group Based Loan

In group

15,000 ETB

1 yrs

17 % Decline

3%

Group liability

3.

Micro & Small Enterprise

As business entity

Depends on business plan & collateral

Up to 5 yrs depends on cash flow

13 % Decline

3%

House, Salary, land certificate, vehicle, institutional guarantee

4.

Business Loan

As business entity

Depends on business plan & collateral

Up to 3 yrs depends on cash flow

17 % Decline

3%

Legal Urban House

5.

WEDP Loan

As business entity

Depends on business plan & collateral

Up to 3 yrs depends on cash flow

13 % Decline

3%

Legal Urban House

6.

General Purpose Loan

Individual

Depends on borrower’s salary

2 yrs

17 % Decline

3%

Salary or House  Guarantee

7.

Housing Loan

Individual

Depends on borrower’s salary

5 yrs

17 % Decline

3%

Salary or House  Guarantee

8.

Murabaha MSE Finance

As business entity

Depends on business plan & collateral

Up to 5 yrs depends on cash flow

Markup

NO

Group liability

9.

Murabaha Individual Finance

As business entity

Depends on business plan & collateral

Up to 3 yrs depends on cash flow

Markup

NO

Legal Urban House

10.

Murabaha Group Based Finance

In group

15,000 ETB

1 yrs

Markup

NO

Group liability