Wasasa Microfinance Institution

Group-based cash loan supporting a range of activities along value chains for a number of cereals.

Product Overview & Scale

  • Fsp NameWasasa Microfinance Institution
  • Fsp ID100420
  • As of Date10/1/14
  • CurrencyUSD
  • Product NameRural Large Group Loan
  • CountryEthiopia
  • Total Clients Bracket100,000- 500,000
  • Product Clients Bracket10,000- 50,000
  • Number of Product Clients35,984
  • Percent of Total Clients that are Product Clients26%
  • Average Loan Size Per Client232
  • Average Loan Size Per Client232

Financial Structure & Pricing

  • loan or product structure is flexibleFALSE
  • repayment structure is flexibleTRUE
  • loan or product term covers growing seasonTRUE
  • grace period offeredFALSE
  • group or individual loanGroup
  • apr24%
  • average loan processing time days5
  • is apr or other transparent pricing communicated to clientsTRUE
  • type of primary insurance productLife/funeral insurance
  • total insurance coverage in the last 12 months for primary insurance product1327
  • average premium per client in last 12 months for primary insurance product2.32
  • average deposit size30
  • annualized repayment rate of the product<90%

Value Chain Support

  • inputs assets services are readily availableFALSE
  • inputs assets services are available at time demanded by clientFALSE
  • inputs assets services available within reasonable distance of clientFALSE
  • inputs assets services are of good qualityFALSE
  • informal management services providedFALSE
  • formal programs in place for post harvest managementFALSE
  • informal linkages exist between clients and buyers producersTRUE
  • formal linkages exist between clients and buyers producersFALSE
  • guaranteed market opportunities exist for clientsFALSE

Training

  • agricultural training available to clientsFALSE
  • agricultural training available to clients using formal curriculumFALSE
  • multiple agricultural trainings delivered during product cycleFALSE
  • organization does quality checks on trainingsFALSE
  • financial literacy training takes places yes noTRUE
  • classroom theoretical training offered by administering partyFALSE
  • training engages clients in participatory learning with additional materialsFALSE
  • training is offered in a convenient location for clientsFALSE

Measuring Impact

  • regular measurement of farmer yields takes placeFALSE
  • formal measurement with strong control groupFALSE
  • rct or other academic quality work done to verify resultsFALSE
  • measurement of change to profit income or poverty reduction takes placeTRUE
  • measurement of change to profit income or poverty reduction takes place if yes describeSocio-economic surveys carried out at start of loan cycle.
  • using methodical process over time to measure changeFALSE
  • what type of poverty measurement metric is usedProgress out of Poverty Index (PPI)