Types of Loan Services
Product Type Criteria Min-Size Max-Size Max-Loan Term in months Interest rate Serv.Charge Insu/Year
Micro Loan - Business that does not require. - Engaged in mini trade. / Gullite, micro food processing etc 700.00 5000.00 24 9 % 2% 1%
Small Loan - Business whose initial capital require more than 5000 birr /business established before - Would create more job opportunities - Business, the city administration give priority 5000.00 250000.00 36 9% 2% 1%
Consumption loan - Loan will be extended in group collateral. - Permanent worker of governmental organization 700.00 10000.00 24 10% - 1%
Agricultural loan - Customers engaged in animal husbandry, fattening, farming, horticulture, poultry, bee farming, etc 700.00 250000.00 18 term loan 9% 2% 1%
Micro lease loan - Individuals, groups & cooperatives can use this loan. - Customers involved in priority business areas. - Willing to pay 10% of the machine in advance. - Has to provide property protection guarantee. 250000.00 36 9% 2% 2%
Short term loan Individuals engaged in any legal business activity. 50000.00 150000.00 10 2%/month - 1%
Housing loan - Legal owner ship of the house. - Has permanent income from business or other sources. 700.00 350000.00 60 10% 2% 2%